Saturday, April 05, 2008

Democrats call for economic aid package

Chris in Paris, AmericaBlog.com: And all McCain can say is "tax cuts and less regulation." Just as Bush ran on tax cuts and less regulation, McCain proves again that all he wants is a third Bush term. The same tax cuts and less regulation that got us in to this economic meltdown are the same tax cuts and less regulation that McCain thinks will cure all of our economic problems.

So to refresh everyone's memory, the GOP handed out luxurious tax cuts to the richest Americans and look how well that worked out for everyone else. Stagnating wages for most Americans along with increasing inflation and even less stability. The GOP followed the marching orders from their wealthy lobbyist friends on Wall Street to open up new financial markets without traditional regulations and safeguards and look how well that worked out for the rest of us.

To listen to McCain talk about the issue that will surely be at the top of everyones list in November is quite revealing. He admits he has no clue about economics and to regurgitate Phil Gramm talking points only shows how incapable he is to face the economic turmoil that we will face in the coming years. We tried this GOP experiment and it failed miserably for everyone outside of Big Oil and the corporate boardrooms.

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