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Republican presidential candidate John McCain on Sunday called Democratic rival Barack Obama insensitive to poor people and out of touch on economic issues
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Really Senator and why is that?
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Sen. Obama wants to raise the capital gains tax, which would have a direct effect on 100 million Americans," McCain said. "That means he has no understanding of the economy and that he is totally insensitive to the hopes and dreams and ambitions of 100 million Americans who will be affected by his almost doubling of the capital gains tax."
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Really so the Bush tax cuts are really fueling the economy and our economic expansion...or are they?
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Greenspan, Bush to blame for U.S. crisis: Stiglitz
Sun Apr 27, 2008 6:48am EDT Email | Print | Share| Reprints | Single Page| Reserve Chairman Alan Greenspan and the government of President George W. Bush were to blame for the U.S. financial crisis, Nobel laureate economist Joseph Stiglitz said in a magazine interview.
"This man (Greenspan) has unfortunately made a lot of mistakes," said former World Bank chief economist Stiglitz, according to a preview of the interview to be published on Monday in profil magazine.
"His first one was to support all the tax cuts which were introduced under Bush -- they didn't stimulate the economy very much ... This task was then transferred more towards monetary policy, though then (Greenspan) created a flood of credits with low interest rates," Stiglitz was quoted as saying.
Earlier in April, Greenspan said in an interview with CNBC television that the U.S. economy was in recession and defended his chairmanship of the U.S. central bank against charges that his policy missteps had laid the groundwork for the crisis.
He said decisions during his charge had been rationally constructed based on evidence at the time. YES WE CANT PAY THAT DEFICIT DOWN TOO FAST CAN WE????
Stiglitz said Bush's government was also to blame.
"I reproach them, that the economy was not as resilient as it could have been due to the ongoing tax cuts and the huge costs incurred by the war in Iraq," he was quoted as saying.
He said it was a myth that Europe could decouple itself from the United States.
"Especially the weak dollar will continue to hit the European economy hard, because it will make it much harder to export,"
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But really Senator why else does he hate poor people?
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The GOP nominee-in-waiting rapped his Democratic rival for opposing his idea to suspend the tax on fuel during the summer, a proposal that McCain believes will particularly help low-income people who usually have older cars that guzzle more gas.
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????????????????????????? What's he smoking? How about that tax break that encourged small business owners to buy heavy turcks and Hummers as to get a write off???? The poor people I know/see drive 15 year old compacts if they drive at all because 2 dollar a gallon gas was a lot of money for them. Now sonce He is looking to help poor people and believes in balanced budgets he will be offering off a trade off right? What a crock. Talk about pandering! What ever happened to the straight talk express?
What we need is to try to lower the price of gas. My God if it's expensive we might economize or become energy efficent then how will the petro terrorist states manage?