SMRs and AMRs

Saturday, April 26, 2008

McCain’s Economic Undertow

For John McCain, embracing President Bush is like hugging an anchor.
National Journal
Sat. Apr. 26, 2008
by Ronald Brownstein

With an assist from the unending Democratic nomination race, John McCain has levitated above his party this spring. But antithetical answers that McCain offered on the economy just one day apart this month crystallized the challenge he will face in staying aloft as President Bush’s support plummets to uncharted depths.

On April 17, McCain told Bloomberg Television, “You could make an argument that there’s been great progress economically” since Bush took office, even though that was “no comfort” to “families now … facing these tremendous economic challenges.” Democrats immediately seized on the portion of the answer praising the president to paint McCain, the presumptive GOP nominee, as both too insular and too close to Bush.

McCain’s camp ferociously accused Democrats of misrepresenting his remarks by omitting his “no comfort” caveat. But that argument seemed strained: Even qualified praise is still praise. In any case, after a day of battering from Barack Obama and Hillary Rodham Clinton, McCain raised the white flag. He went back on Bloomberg’s Political Capital With Al Hunt and declared, “In fact, I think Americans are not better off than they were eight years ago, when you look at what has happened to middle-income Americans.”

There in miniature is the dilemma McCain faces as public discontent with Bush continues to crest. Gallup reported on Tuesday that just 28 percent of Americans approved of Bush’s performance, which is his worst showing yet. Even more striking, 69 percent of Americans said they disapproved of Bush’s performance. That’s the highest disapproval rating for a president that Gallup has ever recorded, higher even than Richard Nixon’s just before his resignation. Bush has established a new high in lows.

(Continued here.)

1 Comments:

Blogger Minnesota Central said...

McCain’s economic plan is really bad when even The Wall Street Journal blasts it.

I saw the Al Hunt interview of McCain on Bloomberg and McCain came across as angry, uncomfortable and uninformed on economic issues.

Then McCain was on ABC’s This Week program and performed poorly.

If Obama can explain capital gains and cap levels for Social Security contributions to the voters, Obama should win the economic debate.
McCain wants to cut Corporate Tax Rates yet, the GAO is reporting that billions are not being collected from corporations already.

McCain is partially correct that it is a spending issue ... afterall under Bush the federal government has grown 10.4 % (versus Clintons annual rate of 3.4%) but there is not enough spending cuts that could remotely attack the growth. It's a revenue issue ... and a fairness issue.

But will people vote on the issues or prejudice and hatred ?

8:47 AM  

Post a Comment

<< Home