Showing posts with label gramm. Show all posts
Showing posts with label gramm. Show all posts

Sunday, October 26, 2008

Does John McCain Still Want to Be President?

In John McCain’s History, we see a war hero who has devoted his career to serving the American people in the United States Congress. His efforts at following conscience over the dictates of political convenience have been respected in both political parties.

The Three Cornerstones of Senator McCain's Politics have been reform and deregulation and war.

As Regards Reform, he sponsored 2002’s McCain-Feingold Campaign Reform Act. He speaks firmly now in favor of regulating the greed that has taken the American economy to the brink of disaster. Senator McCain’s commitment to reform in Congress is clear.

But Has It Made Any Difference?

As Regards War, Senator McCain believes strongly in the conduct of the War in Iraq. He has supported the current president unwaveringly, saying that he would rather lose the presidency in order to win a war, than win the presidency and lose the war. Some people believe that the senator's commitment to the War in Iraq reflects a desire to re-fight the Vietnam War—and win this time. No more "domino effect," leading the Communist Chinese and Vietnamese hordes to make beach-landing attacks on our Pacific shores.

Not Like Last Time...

But on the Deregulation Front, it is the Republican Party’s relentless pursuit of deregulations that has led us to the current financial crisis.

The Result of Deregulation Is the Current Economic Fiasco. 1999’s Gramm-Leach-Bliley Financial Services Modernization Act, which removed the Depression-era safeguards of 1933’s Glass-Steagall Act, was the precipitate cause of what we face today. (This act was sponsored by the same Phil Gramm who until recently was the senior economic advisor of the McCain campaign.)

More-Recently, the Demise of the Entire Republican Economic Premise was acknowledged by former Federal Reserve Chairman Alan Greenspan. "Shocked disbelief" is how Mr. Greenspan put it, admitting that the underlying basis of Republican economic theory is as bankrupt as the nation on which the theory has been tested.

If John McCain’s Primary Focus as a Senator has been to move toward deregulation—as he has reiterated countless times during the lengthy presidential campaign—and it is the abject failure of such deregulations that has caused the current financial meltdown, what is left for John McCain to do?

Net Result: No Effective Reform, No Win in Iraq, an Economy in Crisis.

So What Would John McCain Do if he were elected as President? What more would he deregulate? What new wars would he choose to fight?

Does John McCain Really Still Want to Be President?

If So, Why?






Saturday, October 25, 2008

NEWS FLASH! Chief McCain Advisor Revealed; Labels McCain Hero "Socialist"

[A Hypothetical Report Found on a Campaign Bus Somewhere in Iowa]


DES MOINES—“John McCain and Sarah Palin Now Use Joe the Plumber as their chief economic advisor,” revealed one usually reliable source close to the Republican presidential campaign, speaking on condition of anonymity. Mr. the Plumber fills the spot previously occupied by Phil Gramm. Mr. the Plumber's resumé as economist was not immediately available for review by this reporter.

The McCain Campaign's Former Chief Economic Advisor resigned from the campaign earlier this year following political fallout from a comment that, “We have sort of become a nation of whiners.” The comment was made many weeks before the onset of the current economic crisis which compelled Treasury Secretary Henry Paulson to approach the United States Congress with his $700 billion Wall Street “rescue plan.”

“The Obama-Biden Idea About Taxing Wealthier Americans to help out middle-class Americans is not ‘patriotic’ in critical times like these,” chief economic advisor the Plumber reportedly told the McCain-Palin campaign.

“Joe the Plumber Calls This ‘Socialism,’” Alaska Governor Sarah Palin subsequently reported, quoting the newly prominent economist.

(The Original “Joe the Plumber,” Samuel J. Wurzelbacher, reportedly makes about $44,000 a year. Mr. Wurzelbacher has an income-tax lien on file with the Lucas County Court of Common Pleas in Toledo, Ohio. Mr. Wurzelbacher reportedly believes that lower-income people should pay the same taxes as the wealthy. Whether this position includes opposition to the progressive Federal Income Tax is unclear to this reporter.)

The Federal Income Tax Was Promoted by former Republican President Theodore “Teddy” Roosevelt (1901-1909) as a progressive instrument, part of his efforts to create a “Square Deal” between big business and its workers.

Among Candidates in the Current Presidential Campaign, both the McCain family and the Obama family would pay higher taxes under the Obama plan, and lower taxes under the McCain plan. Neither the Biden nor Palin families would benefit from either plan, according to sources familiar with the two tax-plan proposals.

“Is it Merely Coincidence That the Modest Obama
tax increase would also be paid by Senator John McCain’s family?” asked our occasionally reliable source. “Country First is harder to believe when Joe the Plumber becomes the chief economic advisor, and the result is a reduction in the candidate’s taxes.

“But Who Do the McCain-Palin Campaign want to give the big tax breaks to? People like Senator John and Cindy McCain.”

Senator McCain and Governor Palin Have Implied
that Teddy Roosevelt was “Socialist” in relation to support of his progressive income tax, which Barack Obama also supports.

On Socialism, Teddy Roosevelt Himself Wrote, in his 1913 An Autobiography, “many of the men who call themselves Socialists today are in reality merely radical social reformers, with whom...good citizens can and ought to work in hearty general agreement, and whom in many practical matters of government good citizens well afford to follow.” [Italics, ChannelingBarack Obama™]

“The Issue of Economics Is Not Something I’ve Understood as well as I should,” Senator McCain recently admitted. “I’ve got Greenspan’s book.” The Senator was apparently referring to The Age of Turbulence: Adventures in a New World, by Alan Greenspan, published 2007 by the Penguin Press.