Geez, I don't know what problem conservatives have with McCain. He's a liar, which history shows is high on the list of attributes they love, ie, bush.

ahh good ol' McCain. Is there no flap that the media won't gloss over or pretend didn't really happen? I suspect he will have to eat a baby on live TV for the straight talk express to hit a bump in the road. Imagine if Kerry had said it in 2004 . . . .

Perhaps from The Wall Street Journal, which on Nov. 26, 2005, published this quote from an interview with McCain: “I’m going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.”

Which is pretty remarkable in of itself , considering you were a POW for 5 years and are part of the "cowboy diplomacy" mindset ; meaning you don't know jack fucking shit about the military and/or diplomacy , you wrinkled , stupid senile old douchebag..........

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn't said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

In a way, I'd rather people not 'understand' the economy if that means succumbing to the neoclassical economics line of BS (ala' greenspan). If someone doesn't understand a diverse array of economic thought, I'd rather them go by common sense.

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn't said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

It's really quite simple. You CANNOT cut taxes and increase spending. That is insane. So, in order to stimulate the economy, there are going to be tax cuts of some kind. That money will have to be made up somewhere. Which program gets the axe? Betcha it ain't the military. IF the economic downturn continues as it is, the next President of the US will have the shortest voter honeymoon, in the history of the US and will not survive beyond one term.

"I still need to be educated.” what is ones capacity to learn i mean really learn in their mid 70's?

Mr. McCan't, maybe you don’t; want to meet Mr. Howard Dean but you will get to know him very well in the near future.

CoIntelPro @ 15:

ConcernedCanuck @ 12:

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn't said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

It's really quite simple. You CANNOT cut taxes and increase spending. That is insane. So, in order to stimulate the economy, there are going to be tax cuts of some kind. That money will have to be made up somewhere. Which program gets the axe? Betcha it ain't the military. IF the economic downturn continues as it is, the next President of the US will have the shortest voter honeymoon, in the history of the US and will not survive beyond one term.

If you saw or heard of Busch's latest budget - $3Trillion, 50-70%cuts to domestic programs, especially those that help the neediest - than you already know the answer.

Yep, and if the recession is severe, that will be just a drop in the bucket for the next Prez. Hard to be popular doing that, won't it?

CoIntelPro @ 15:

ConcernedCanuck @ 12:

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn't said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

It's really quite simple. You CANNOT cut taxes and increase spending. That is insane. So, in order to stimulate the economy, there are going to be tax cuts of some kind. That money will have to be made up somewhere. Which program gets the axe? Betcha it ain't the military. IF the economic downturn continues as it is, the next President of the US will have the shortest voter honeymoon, in the history of the US and will not survive beyond one term.

If you saw or heard of Busch's latest budget - $3Trillion, 50-70%cuts to domestic programs, especially those that help the neediest - than you already know the answer.

You are going to make McCain's head spin if you keep this up.

Captain Kangaroo @ 20:

if you spin an empty bottle really, really fast, it whistles.

L.A. Confidential @ 17:

The Boosh Effect

Denver, Colo., which had a record high of 74 degrees yesterday, was socked by heavy snow and blowing snow this morning with temperatures in the upper 20s.

I lived there for 7 years in the 80's and saw that at least 3 times. I hate "W" but that wasn't Reagan's fault either.

the first quote so scared me I didnt see this one,, "I’ve got Greenspan’s book.”

Thats supposed to make me comfortable?

Saturday’s contributions to the McAKA list, defined:

and

The entire current (as of Friday 12:01 am PST) McAKA List – alphabetized for easier reference:

Snowball @ 27:

ConcernedCanuck @ 23:

L.A. Confidential @ 17:

The Boosh Effect

Denver, Colo., which had a record high of 74 degrees yesterday, was socked by heavy snow and blowing snow this morning with temperatures in the upper 20s.

Hey LA, did you read this yet?

Obama is hoping to appoint cross-party figures to his cabinet such as Chuck Hagel, the Republican senator for Nebraska and an opponent of the Iraq war, and Richard Lugar, leader of the Republicans on the Senate foreign relations committee.

Senior advisers confirmed that Hagel, a highly decorated Vietnam war veteran and one of McCain’s closest friends in the Senate, was considered an ideal candidate for defence secretary.

http://www.timesonline.co.uk/tol/news/world/us_and_americas/us_elections/article3466823.ece

Appointing Lugar and Hagel would go a long way in healing the divide in our country without compromising any principles. As far as Republicans go, Hagel has been against the invasion of Iraq from the start and Lugar has been a critic as well. We could do worse with some DLC type Democrats.

I think it's a great idea, especially considering his choices. Don't think Dem supporters as a whole would be too thrilled though.

CoIntelPro @ 11:

McLyingSackOfShit!

#423, and one of my favorites already... thanks, coitus! lol

;-}

CoIntelPro @ 13:

CoIntelPro @ 11:

McLyingSackOfShit!

McDumberThanASackOfHammers!

#424, tinks! ;-}

ConcernedCanuck @ 35:

I know this is off topic, but when is the world going to grab Israel by the damn throat and say enough is enough?

Israeli Defense Minister Ehud Barak said an even broader Gaza operation was possible, aimed at crushing militant rocket squads but also to “weaken the Hamas rule, in the right circumstances, even to bring it down.”

The Palestinian death toll rose by 26, bringing the number killed to 114 since the latest bout of fighting erupted on Wednesday, according to Palestinian medical officials and militant groups.

Cuz when you think about crushing, the first thing you think of is a democratically elected government. Come on Bush you sack of shit. DO SOMETHING for once in your pathetic life. McExcuseForAPolitician? No? Obama? Hillary? *crickets*........sad. Interfere when there's money to be made.

Don't expect any McEmergencyRescueService from McMilitaryIndustrialComplexHero any time time soon, but I came with the McBandaids as soon as I got your plea for help on the trashy fundraiser thread, LOLOL!

i am not an ageist, however, in this digital universe, when are older pols gonna figure out they cant get away with bs anymore?

here is a fact

none of the candidates will be able to get us out of this mess....none of them

but the worst thing to happen would be to elect mccain

he has lobbyests as handlers

what ever they havent taken yet...he will hand over to them in the first year

Besides...

Was John McCain really tortured when he was a POW? Was he tortured sufficiently enough to deserve a medal of valour? I have a friend who is in Vietnam researching POWs. He spoke to a man that was the gardner at the POW camp McCain was held at. He doesn't seem to remember McCain ever being tortured. He thinks it might have been self-inflicted torture in order to get enough medals to later run for President some day. I think this bears some thinking.

Swift Vote Veterans for Truth where are you?

Tim in Japan @ 37:

I love it.

"...I've got Greenspan's book."

"Yes, it's the really thick one at the end of the row that keeps all the other books from tipping over on the shelf."

Maybe by banging Andrea Mitchell he can get that economist mojo working.

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn't said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

Government Debt in and of itself is not a bad thing. The U.S. Government has always had debt since the beginning - before the Fed was even around. Don't forget that the 5% interest also pays countless millions a relatively safe return on their savings.

Ignore the nominal numbers - what matters is percent of GDP. By historical standards we are pretty high, but we are nowhere near the peak. That of course would be WW2 when our debt was actually more than our GDP. We didn't pay that debt off - we grew the pie and had inflation. Our grandchildren are not going to pay our debt, it will be rolled over-as it always has- by a combination of inflation and growing a tax base.

Of course, the debt incurred in WW2 was good debt. It was a worthy cause and all that investment bore a lot of fruit. We did things like the GI bill and the Marshall Plan. The problem with todays debt is that it is bad debt. I suspect that todays bad investments will not grow the real GDP pie, instead we will be hit by bad inflation. The 8.5 trillion figure will not be worth all that much when you're grandchildren are around. The point is we can overcome debt much worse than we have now, but we can't overcome it if we spent it on crap - and that is the big worry.

Anyone else notice the first thing McCain said was "I don't know where you got that quote..."

is McCain retracting what he previously said? is he claiming he never said those words? is he implying that someone fabricated that quote? did he forget that he had said it?

i dunno, but i see more than a simple lack of economic knowledge being conveyed by McCain...

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn't said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy.

---------------

Tax revenues will go up in an expanding economy. With a declining economy, tax reveneuse are falling in California, for example.

Tax cuts wre paid for by borrowing money. It is borrowed money that expands the economy. The credit crunch coems from the fat that borrowing is contracting. Contracting borrowing works toward contracting the economy.
The stimulous package is borrrowed money.

At some point borrowers do not have the will or means to continue borrowing more and more money, or lendedrs do not have the willingness or means to continue lending more and more money.

This last happened in 1930. The clock always comes back to 12. don't look at what is happening to oil prices. look at what is happening to credit.

this vs Barak who knows nothing about nothing?!?!
Keep in mind, its not the presidents job to "manage" the economy, you do, invisible hand and all of that.

There's an interesting critique on the U.S. economy here.
Bottom Dollar

Not sure I could ever go so far as to say that I agree with David Frum about anything. Those were good questions but the inevitable answers to those questions are: 1) sure Romney understands more than McCain about healthcare, jobs and trade (who doesn't) but that doesn't mean his ideology would allow him to do anything about it. 2) You can't pretend the surge is working until the troops rotate back and violence stays down. 3) Not much of a guess. Everybody's got something rattling around in the closet.

Nope Frum is still a putz. I do admire his courage though. Anyone who can endlessly do the talking head shows while being consistently and completely wrong about everything has to a at least one redeeming quality.

Oh, dear...

He has proven he dosen't know anything about the economy...by helping send 40,000 jobs overseas on the Air Force tanker deal!

"Greenspan's book".

A book by a man who lead us into our current mess.

The VP job for Romney would drive McCain crazy. He would immediately start running for President like he did when he was governor.

[You're 100% wrong, Panama is a legal exception Also your use of the "continental US" excludes Alaska and Hawaii. You've also posted your error in ALL CAPS. We don't allow ALL CAPS here-Sitemonitor]

"I was there at the Reagan revolution." Which qualifies you for what now?

Will someone please tell me what is up with McCain's left jaw?

It is getting more bulbous.

I thought he had a melanoma removed there about 8 years ago - but that would not explain it becoming so bulbous in the last year.

Marine Corp Veterans For Truth

John McCain killed more US Marines with his incompetent flying than did any North Vietnamese combatant during the Vietnam War.

McCain was allegedly shot down by US Marines on the ground tired of both being killed by McCain and having their complaints to have the US Navy's close air support suspended go ignored (McCain's daddy, Admiral McCain, was the US Navy's head man in Vietnam).

McCain was being groomed to succeed Ho Chi Mihn as President of North Vietnam but just couldn't put down the bottle.

Visit USENET (newsgroups) at alt.vietnam.veterans, us.military.army, and more and look for "Marine Corp Veterans For Truth"

How about adding

McOwned to Mccain's list of Mics?

McConspirator?

[Deleted. Off topic-Sitemonitor]

Actually, the candidate that knows the most about the 'dismal science' of actual economics -- contrast with the glorified Ponzi scheme we currently refer to as "The Economy" -- was/is Ron Paul.
True, Romney knows more about venture/vulture capitalism and offshoring of our manufacturing jobs to Chindia, but in terms of what actually needs to be done to fix what's wrong with this country, he would never do what hurts his hedge fund and Wall Street buddies to the benefit of the rest of us peons.

McCain's admission that he is not an economic expert is less of a detriment than one would think, although it's still not enough to make me vote for him.
And, other than completely fouling things up (thanks W), the economic forces dragging on this world are largely out of the policy makers' hands at this point.
Note that while the Fed continues to cut interbank rates, actual rates -- from car loans to mortgages to muni bonds -- are actually rising, which [almost] reflects the REAL risk premiums bond investors expect to earn considering the recent non-existent underwriting standards and the reckless 'bailout' plans being bandied about.

What is it that the President can actually do when it comes to the economy? The President has no legitimate control over the Federal Reserve's policies. Perhaps one's personal guiding philosophies are important, but what do they matter if one lacks the power and authority to put them into action?