McCain's Economic Speech, Sarah's House

Today John McCain released his economic plan for the economy if he's elected president. From the Washington Post: "Under his plan, unveiled as he campaigned in a suburb of Philadelphia, seniors would pay lower taxes when they tap their retirement accounts and people who sell falling stocks could write off more of their losses. Those who are out of work would no longer be taxed on the unemployment benefits they collect. And those who make a profit by selling long-held stocks would pay only half the capital gains taxes for the next two years."

This whole notion of cutting taxes to provide relief comes from supply side economic theory, which has been the darling of right wing thinkers, along with the deregulation of everything. Herbert Walker Bush called it "voodoo economics" yet his son, George Bush, took on a major proponent of supply side theory with Dick Cheney as his running mate. Unfortunately, this theory has not turned out to be a healthy way to establish stable markets, as we have recently seen. Simply put, anytime you are using other people's money, you need to be responsible and accountable for how you are using it. And, if we don't like what you are doing, we should be able to stop you.

Hoping to calm the US citizens, John went on to say: ""I know what fear feels like. It's a thief in the night who robs your strength," McCain said. "I know what hopelessness feels like. It's an enemy who defeats your will. I felt those things once before. I will never let them in again. I'm an American. And I chose to marry a rich woman, now I have 13 cars and 11 houses!." OK, that last sentence was mine...

It's not looking good for Ms. Palin. First, she was found guilty of abusing her power, now it looks like she had her house in Wasilla built for free by the same contractor buddies of the First Dude, who were then granted the contract to build a sports complex. I said before that her compulsion to tell white lies would get her in trouble, and I shudder to think what ones she would tell if she really was in office as the Vice President. Good thing it's a cosmetic, powerless position.

On to the last debate!