Fox News Sunday: How Does McCain Run With A Bad Economy?
By Logan Murphy Saturday Mar 08, 2008 2:45pm
The panel on this morning's Fox News Sunday talked about the bad economy President Bush and the Republicans have created and how it will effect Senator John McCain's campaign. One of the big obstacles McCain faces and I believe is the one he can't overcome is the economy, stupid. Panelist Fred Barnes just uses the tried and true Conservative play-book. He says McCain can combat Democratic attacks by distorting their positions to the American people.
Barnes: " ...What I think he would have to do would be to go on offense against the Democrats and say look, the Democrats are threatening a trade war. They not only want to reopen NAFTA with our biggest trading partners, Canada and Mexico, they want to stop any more free trade agreements... [snip] Secondly, they will raise taxes in the teeth of a recession which would obviously, that would make things worse."
Download | play 
Download | play (h/t Heather)
Barnes says McCain should warn that the Democrats will raise your taxes and want to start a trade war in the middle of a recession, which of course, is patently false. Bill Kristol agrees with Barnes that McCain should go with these attacks, but Juan Williams steps in and reminds everyone that Americans equate the billions of dollars being spent in Iraq to the economic crisis at home and that to run on less taxes and more war isn't going to cut it for McCain this fall. Of course, no one on the panel agrees with Juan, but he gets it right.
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how ?? cut benefits, just like other countries do
http://www.smh.com.au/news/national/suicide-prompts-call-for-veteran-rev...
In general, America won't pay attention to the realities. The election will be won solely on posturing. The issues won't really matter in the end. Lame, but true.
McCain = Bush = McCaIN! if you want more of the same junk going on in this country vote McCain.
McCain Will Probably Name Mitt Romney as His ‘Hedge’ Manager
I dunno, raising taxes on the richest 1% and ending NAFTA seem like a couple of pretty good ideas to me.
I think even the goober-based community knows what a shot in the shorts NAFTA was to Joe Sixpack.
The only real problem McCain has in the 2008 campaign is the glaring fact that he's a Republican running in the wake of a preposterously failed Bush/Republican administration. Even the FOX crowd seems to think it will be a tough slog for clowns like McCain.
Notice that these pundit shows have switched from miscalculating the odds of the various candidates are now providing campaign stragey advice to one and all, whilst continuing to avoid any discussion of policies? (just as well I guess because they aren't qualified to do that either.)
When will any one of the candidates stand up to the American people and speak the truth about the impact all of these wars have on our economy? I'm waiting for just one of them to say straight out: "If you want to live in a perpetual state of war, then you gotta pay for it. War doesn't come free."
From what I've seen so far, Obama is the only one left in the race saying anything close to that, and he's paying for it because it makes him look weak.
Fred Barnes is not the sharpest knife in the drawer, but actually sounded dumber than Kristol in this clip. Now that;s an achievement.
Did anyone notice Barnes' saying the deficit has gone down every year we've been in Iraq? I mean, that's more than a howler. That's an outright lie. Was surprised that no one called him on it.
Bush has repeatedly set records for highest deficits, with the exception of a year or two, and most of the spending on Iraq isn't even counted in the regular budget. That's why they do supplementals. Our "Debt" is a truer gauge of the spending, and that keeps rising at record speed.
Since the start of the war, Bush has tacked on nearly three trillion dollars in new Debt.
http://www.treasurydirect.gov/NP/NPGateway
Barnes needs to actually look at the facts before he opens his mouth and inserts foot.
McInsane has already aligned himself with George Bush and his failed economic, domestic, and foreign policies. McSame doesn't have a snowballs's chance in hell of convincing the public of anything. The people have experienced the abysmal failure of the Bush presidency so McBombIran will never be able to defend this president or himself since he's already put his foot in his mouth by saying he supports what this clown has done.
Never was a joke so true ~ Bush: 'Our Long National Nightmare Of Peace And Prosperity Is Finally Over'
Why not just say, "Read my lips. No new taxes."
Worked in 1988....
/deja vu
The simple answer is: he doesn't. If he's running as Bush II, Electric Boogaloo, the public is going to spit him out like a slimy turd.
Johnny BombIran can thank Dumbya for "outing" his capricious dealings with lobbyists and his personal hypocrisy back during the debates; now the public is getting a second dose of the level of McCain's criminal complicity. More to be made public no doubt. For starters, Congress needs to subpoena Vicki Iseman and begin an investigation into McCain's Paxton dealings at the very lease. She's the galpal who was paid off ($20,000) by the RNC to take a nice long vacation.
It used to be that at least I's thought that McCain was an honorable man. No more!~
He's a lying aged sack of crap with invasive melanoma whose own doctors aren't giving him a definite 4 year expectancy. The public needs the details (not the lies) on his cancer prognosis and soon.
What we can do, see, is hire Tonya Harding....
Fred Barnes lays it all on the line for the Republicans...............we Repugs have no idea how to fix the economy but we know the Dems are vulnerable because they will have to raise taxes to lower the deficit that our stooges created.
BTW whoever the booger head was that stated the deficit is coming down is pure fantasy.
So, again, if you break that down in real numbers, Bush deficits (if everything was out in the open) have averaged nearly 600 BILLION dollars a year, since the start of the war.
The media rarely talks about that, even though the government actually publishes these figures on their websites. In addition, recent estimates by the Nobel prize winning economist, Joseph Stiglitz, tell us that the Iraq War will cost us three trillion, and his methodology is "conservative".
Aside from the obviously more important loss of life, that figure hurts this economy tremendously. And it points to a major contradiction for so-called "conservatives" who oppose higher taxes. The war they support WILL lead to increases in taxes for future generations. Massive increases. No getting around that. No way, no how. It is a logical contradiction of the highest order to preach against raising taxes while you beat your war drums.
May mccan't run with the runs.
Kuparuk @ 13:
Actually he meant to say no new Texas.
Look. You have TWO options.
A) High taxes -> High Spending
B) Low taxes -> Low Spending.
You DO NOT have the choice of low taxes -> high spending.
There's a thing called 'debt' that apparently republicans don't understand. If you want to spend 2 trillion for a war and pay for it via borrowing and printing more moeny... the economy tanks.
This economy is tanking fast by the day. Everyone going to the supermarket's knows this--food prices are rising incredibly fast and paired with rising gas prices, home fuel prices and utilities, we are in a deep recession. Throw this futile, useless war into the mix and you have a very, very bad economic situation on your hands. (To say nothing of high property taxes).
All of these dopes on Fox have no clue what the rest of us are dealing with. I would say, that 75% of the people in this country are fed up with the way things are going and, in addition to being angry with failed policies and lack of oversight, this will not bode well for republicans in Nov.
They had hearings on Friday concerning executive compensation packages and the repubs treated it like it was a joke and tried to demean Waxman for having them. They just don't get that shareholders and the majority of american's are in some kind of indexed funds in pensions, etc., and they see their retirement and their futures circling the drain. People are furious and they will take it out at the pollls.
Hit people in their wallets and watch how they turn out at the polls. It has already started--look at the turnout for primaries--it isn't just the college kids either. People are mad.
Bush says his job is a hard one.::
"Things have just been so crazy at work lately," he said.
During the 14-minute address Bush acknowledged that he and the country had drifted apart. He accepted some of the blame, but stressed that it was partly the American people's fault, and went on to chide them for not giving him an opportunity to explain, not standing behind him, and failing to understand his "very real" need for unchecked executive authority.
"My job is stressful," Bush said. "Trust me, things will calm down in a few months once I don't have to deal with it anymore."
Question Needed to answer...
--> Who will be McBush's nominee for Atty General be?
oh and ask McBush about this...
Predatory Lenders' Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help Consumers
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR200802...
Cuchulain @ 10:
On Faux News, "the truth" will never get in the way of Rethug propaganda.
Juan Williams is probably just exists to satisfy lawyers who'd have otherwise sued to break up the Klan there.
You know, if it took the dems raising taxes to fix the economy, I'm all for it. How much do you think the average middle class family is saving with their tax cuts when gas went from a buck a gallon to 4 bucks a gallon? With inflation constantly rising, with pay raises not matching inflation so people are actually earning less under Bush?
ysbaddaden @ 19:
Nor can she trot with the trots.
the challenge for fox then is this:
how do we put some lipstick on this pig and get the american voter to kiss it?
oh; ain't it a bitch. These arrogant republithugs think that recessions just happen willy nilly out of the blue. They happen because of lousy; greedy short term republican policies. They happen because of no forethought. They don't just appear. Jeeeeeeez.
They not only want to reopen NAFTA with our biggest trading partners, Canada and Mexico
I thought China was our biggest trade partner, no?
Friday’s McAKA’s
Kristol is such a piece of sheepdip. Every time he opens his mouth, I begin to speculate what a contract would cost.
There are many myths about republican economics, but the basic premise is the worse; Republicans are good for business. This is just false. Republicans are mainly focused on wealth preservation. That is definitely not the same as being good for business. More small businesses fail under republican administrations. Most recessions happen during republican administrations. Since the 1970's, republicans have rang up 90% of the national debt, which is strangling us. I cannot figure out why they even support themselves.
Proud2bHumble @ 27:
http://www.stylelookalikes.co.uk/images/characterImages/fools1.jpg
joe cantwell @ 28:
#134 McAssclown – republiCons succeeded in putting lipstick on a pig in ’00 and ’04, why not a pig’s ass in ’08?
joe cantwell @ 28:
http://images.google.com/imgres?imgurl=http://tonyrogers.com/humor/image...
I'm confused now. The American equivalent to old communist Pravda says we have a bad economy... What do they mean, "bad economy"??? I though we just had a minor little setback, but nothing a little tax rebate could cure... I'm confused...
Yes, The Mac and Hillary Show offer us the same "looking back in anger" song Oasis gave us a few years back. But they forgot something - something Obama remembers. The song says "don't look back in anger". What we need is a tomorrow we can define. Not a tomorrow defined by the burdens of yesterday. Being better than yesterday is a pretty loe aim. We want a tomorrow we can build. More on this in my blog at http://angryafrican.wordpress.com/2008/03/06/dont-look-back-in-anger-a-c...
[Deleted-Sitemonitor]
Acting Patriotic @ 12:
THIS is a gem!!
I thought the 2001 date was a joke, but, no folks, it's REAL! A must read!
ysbaddaden @ 33:
Can't get it to come up...whatever you can make of that. 'nother link?
Proud2bHumble @ 34:
don't think that particular shade of red helped jim oberweis, do you?
MacDaKnife @ 32:
I will not reply that you have just insulted sheep dip. Sheep dip is an combination of insecticide and fungicide for the prevention of a number of bovine maladies: hard to insult. So my question is:
Why do you compare Kristol with something that actually has positive value? ;)
I want to see Krystol, Hume and Barnes get a HUGE tax increases on their incomes. Hey I get by on 30K a year, they could too!
What I got from that clip is they are saying that McCain should go out and lie, misrepresent, and generally try to scare people into believing that all bad things are the Democrats fault and they will try to make things even worse if elected in order to get votes. Why would anyone even think about voting for a Republican if they didn't? You certainly can't tell the truth.
MacDaKnife @ 32:
Mint jelly?
Proud2bHumble @ 40:
http://www.allhatnocattle.net/miss_piggy.jpg
What's with the deal with links that don't always work?
gemHusseinpei @ 42:
Both are toxic and smell bad.
This clip just PROVES again how insane these propaganda artists are. "We've lowered the deficit each year..." WHAT????
"raise taxes"...on the top 1% who got the HUGE tax break with the monkey in there now.
The flat out lie, and nobody slows them down. They omit information that clears the muddy slogans they throw around.
CLOWNS!! These jack asses are a group of total, unemployed clowns. And the sad part of it all is, NOBODY calls them on this bullshit. So the braindead viewers just gobble it up as though it is truth.
We are a nation of idiots.
http://www.linktv.org/
Support REAL TV !!
fastfeat @ 47:
LOL!! I'll by that!
Dumb question coming up: Giving the f***ing mess the Republicans have made not only for America but for the rest of the world, isn't it a wonder that anybody in their right mind would want the job? Makes one wonder, "Why?"
Allow me to take a run at the point that Juan williams tried to make..........
Total personal Bankruptcies in this country will increase 40% this year from the 800,000 that took place in 2006.
That's right, we will see personal bankruptcies exceed 1,000,000 in total in 2008.
And we should all remember that the Repug lead House and Senate passed laws to make bankruptcies harder to attain.
76,120 Americans filed for bankruptcy in February, up 15% from January.
And what would be the leading cause for those Bankruptcies?
House Foreclosures!
Lenders initiated 1,500,000 foreclosures in 2007. That would be 500,000 more than 2006.
Call on Ben Bernanke to lower interest rates?
Well the Fed has lowered interest rates faster than they have in the previous TWO decades combined.
Has it helped?
For the first time since 1945 equity has gone south of 50% says the Fed..........1945 was the first year the Fed started tracking home equity.
For three consecutive quarters equity has been below 50% and the last quarter of 2007 being the lowest at 47.9%
Moodys estimates that 8,800,000 (10.3%) of homeowners will have ZERO or LESS equity by the end of THIS month.
Total value in the remaining equity nationwide in the 4th quarter of 2007 fell $320,000,000 from the 3rd quarter of 2007.
And what about the value of your home?
If the housing market value drops 20% there will be an additional 13,800,000 (15.9%) homes that will flip their equity below that magic 50%.....the 4th qtr of 2007 saw a drop of 8.9%.
You own a business?
January saw 4,326 business bankruptcies highest since OCT 2007........eh, they're probably Mom & Pop shops that can't compete in a global economy......yep, too many big box competitors.
On top of all of that, we owe $9trillion to foreign interest at a fixed rate while the dollar continues falling against most currencies, and we have that war of choice that continues to drain our future of any possibility of getting out of this fix any time soon.
Yeah Barnes, Kristol, and Hume, Juan Williams is currect, he just didn't have his facts lined up.
BTW I pray that no one here is having trouble hanging onto their home.
Be careful with those credit cards, pay cash whenever you can.
And bug the shit out of your credit card company to lower your rate.......call them everyday.......call them several times a day.........let them know that you are upset with the rate that they are charging you.
My best to all here!
We need to bring back the NEW DEAL.
As soon as the economy completely crashes, and it will soon; we will need to go back to Keynesian economics
And it will once again take 50 years before there is enough money in the coffers to attract the thieving republican fascists again.
It's a cycle and it will happen again.
Go Radically Moderate! Right on!
PS.. McCain's task is simple.. just blame this recession on Bill Clinton. Call it "The Clinton Recession Part II" and whine about inheriting it from the last administration.
All republicans are morons!
McClown claimed chimpinomics was wonderful so he is part of the problem, not the solution.
Easy-- Diebold.
Different Anonymous @ 5:
You got that right. Taxing the shit out of the corporate aristocracy, and dumping these middle class destroying Free Trade (slave labor) agreements is inevitable. If not this time, then the next election for sure. The democrats better understand this, because even the dimmest bulbs I talk to know they are getting screwed royally, and they are starting to get pissed off.
That includes a couple of evangelical idiots acorss the street. Seems their republican heroes don't look so good when they are staring at a foreclosure, and their hero Bush is more worried about protecting his billionaire cronies who caused the whole thing, than he is about helping the "folks". It's actually sad to see people have to sink so low before they can see the repuke cretins for what they really are: cold-hearted bastards who hate the american people, and think their only purpose is to prop-up the corporate bottom line.
These trustfund greedhead sociopath's know it, and they are scared shitless. Better steal everything you can before chimpy leaves office. You had your 6 year greedfest at the expense of america, and now that your true "values" have been exposed, you will spend the next two generations in the political minority wilderness, just like you did during our parents and grandparents days.
Decades will pass before American's buy into the don't tax the rich, and tricklie down poverty bullshit again.
Ah crap, William the Bloody just predicted we won't see the inflation or unemployment numbers that Ford had to deal with. We really are info for a bad stretch. When has he ever been right about anything?
Cuchulain @ 10:
It's not a lie if you live in a parallel universe where reality is what you fantasize it to be. These morons are so clueless, they still haven't figured out yet that they have been wrong about EVERYTHING over the last twenty five years! They can't wrap their peanut-sized neocon brains around the fact that the rest of america has seen the light.
McCain the Liar @ 57:
Mc Lame-o can preach his version of voodoo economics until hell freezes over. He won't be elected in November anyway.
I just keep saying: Hello Bob Dole!!.... The only time the republicans use someone that it may be somehow good for the country (And not! to the Republican Party) is when they know they don't have any chances of winning. They put Bob Dole Against Bill Clinton Second administration election. Now Poor McCain is having difficulties in getting economic support for his campaign, Just like somebody said a while ago: Throwing money away is like supporting the candidacy of Dennis Kucinich, Repugs will not open their pockets for McCain... No way Sir!!.
joe cantwell @ 28:
get all thier repig monkeys out on the streets slinging monkey shit , the voters eat it regulary!
ZombieNation @ 49:
Thanks for the link!
Ed-hussein-win @ 58:
Have all you guys made the connection yet?
One of McCain's chief adviser's name is Charles Black. Charles Black happens to be the chief lobbyist for United Technologies. United Technologies attempted a hostile takeover of Diebold this past week.
McCain, Black, United Technologies, Diebold, McCain....White House.
Is your bank insolvent?
The FED TAF (term auction facility) is keeping secret which insolvent banks are borrowing money from the FED. As the FED will not tell the public the truth, the public must assume that their bank is insolvent and remove cash from the bank for safekeeping. If the FDIC has to move in, you will not have immediate access to your money. Thus you must have cash on hand for whatever needs you may have, regardless that your account is FDIC insured.
The FED is rehiring retired bankers to handle expected bank failures. Do not assume your bank is safe and do not wait until you hear on the news that the FDIC has taken over your bank. It will be too late.
Run? McEnlargedprostate couldn't run with that condition. McPisseslikeastuttererspeaks had better stick to a slow walk.
Fred Barnes & Bill Kristol share the same brain!
Radically Moderate @ 52:
Here are some additional "fun facts".... and you are right about Juan Cole... nice guy... minor intellect which is why FOX chose him and Colmes in the first place.
1. The G-7 Ministers met last month and said that the amount of write down because of bad debt will probably be $400 Billion rather than the Feds estimate of $150 Billion. They said that they couldn't be sure because the banks have been trying to hide just how much bad subprime debt they are carrying... (some estimates go as high as $2.1 trillion dollars) They forced the banks to open their books to the auditors for the first time.
The auditor's reports are due at the end of this month.
2. The worst is yet to come because the next wave of subprime mortgages are due to reset at the beginning of April and this is when the shit really hits the fan!
The boys at FOX didn't mention Bernanke's testimony before the Senate last Thursday that sent the market tumbling, where he said to expect bank failures... no FDIC salvation in sight... in small and regional banks who sold subprime mortgages.
They didn't mention that the Chief Financial Officer for Citigroup said on Monday that "one more significant down turn in the market and Citigroup would have to file for bnakruptcy" or that on Tuesday of this week Washington Mutual... the nations largest savings and loan... reported huge write downs and is expected to fail as well.
3. They didn't mention that USB AG the bond insurer that insures the banks took a $600 billion dollar write down last Friday and it coupled with Bernanke's comments on bank failures are at the heat of the -350 point drop in the market on Friday.
4. They didn't mention the collapse of the auction bond market 10 days ago where the states float their municipal bonds for infrastructure projects like bridges, roads, school and even college tuition grants... went bye bye and no one showed up to buy the bonds. As a result for example NJ will have to borrow money at 20% interest elsewhere instead of the 4.5% they had projected and they now have a $3.5 billion dollar short fall in their budget.
All of the states are in similar situations and so are the cities and towns... Vallejo California as an example can't pay for its firemen, policemen, or their assitance to hospitals.
In short every aspect of our financial institutions are being hit and hit hard and it is coming back on the taxpayers right now and it is going to get much worse real fast.
By the time the general election rolls around the guillotine may be coming back into fashion!
Barnes is so wrong in his facts. Iraq is a huge reason why the economy is going bad. It is increasing the deficit. Barnes is an idiot. Juan made a lot of sense and he sounded like someone who is against the war. Gosh, someone on Fox News that made sense... wonder how long he will be on the show.
He's a republican and it is expected from these people to not be interested in anything that does not serve their own personal self worth.
This is the reason they will lose. American people have caught on to the sick games they have played to distroy this country and we are just not going to take it any more.
McCain has gotten as far as he can go. We plan to retire this old bastard in November and that will be the end of that.
Not to be a picky little bastard, but the verb you want for the first line of this article is "affect" (to change, alter), not "effect" (to bring about, to make happen).
Thanks for your time. Please carry on.
Good News...
One of our manufacturing industries is up!
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQeKDvBmbrb0&refer=home
Remember when in 2003 they reclassified fast food jobs as "manufacturing" so Bush could run for the White House and the loss of high paying manufacturing jobs wouldn't look so bad???
I think Obama can make McCain look like the fool he is with his calm IN CONTROL way of debating. I never felt Hillary had as good a chance at beating the Republican nominee as Obama had. Now I think she is a selfish B^+ch who wants the power of the presidency, her name in the history books as the first woman president and she cares NOT if her party suffers. Me Me Me.
For those of you who thought the worst was over... think again!
Its not just private homes that got subprime mortgages... it was commercial real estate as well and the second part of the pop of the bubble is about to go POP! big time... Oh yeah... bank failures too!
http://biz.yahoo.com/cnbc/080310/23557115.html
Cuchulain @ 10:
Like you, I was incredulous Freddy Boy Barnes would pull a claim like that out of his ass - especially since it's so easy to shoot it down.
Fiscal year 2003: $589.0 billion
Fiscal year 2004: $605.0 billion
Fiscal year 2005: $523.2 billion
Fiscal year 2006: $536.5 billion
Fiscal year 2007: $514.1 billion
But then I guess republicans have always excelled at getting away with the "Big Lie" - it's their stock in trade.
dmhlt @ 77:
Au Contraire... at hand off in 2000, Clinton had made the largest pay down of the national debt in history and it was $5.6 trillion.
Since that time Bush has run it up to $ 9 , 3 9 9 , 2 3 6 , 4 6 1 , 6 9 8 . 9 3
and it is increasing at $1.69 billion dollars a day.
Further... the Iraq war has not been included in any of his budgets... he uses Enron Accounting and we haven't even begun to pay for that. At the latest estimate that war is now costing us $12 billion dollars a week.
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