Saturday, March 29, 2008
McCain't?
Senator John McCain has now on several occasions gone on record to say that he does not know much about how the economy works. As you might imagine during this period of economic downturn with falling stock markets, record foreclosures, a weak dollar, record-high energy prices, etc., the Democrats are trying to make political hay of this "ignorance" (which by the way is hard to believe considering that McCain was a "foot soldier" in the Reagan Revolution). It is quite clear that our economic prosperity has been eroded by overregulation, a burdensome tax code, a bloated entitlement system, and protectionist trade barriers. Now while McCain may not be a student of economics he can certainly articulate some tried and true conservative economic principles to counter what the Democrats have to offer us. For example, America can regain her economic footing by lightening the tax burden, or even eliminating the current tax code and replacing it with the fair tax, deregulating key economic sectors, i.e., getting rid of the Sarbanes-Oxley Act, getting control of spending by eliminating many antiquated programs, i.e., farm subsidies, and abolishing many trade barriers, antidumping laws, and import quotas that make the U.S. uncompetitive in many markets. Employing such measures will restore America's prosperity as well as her economic freedom. Surely, even John McCain can understand such conservative economic priciples, can't he?
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