October 16, 2008

WELL, HE IS A VACUUM:

McCain compares Obama’s tax plans to Hoover (Mike Sunnucks, 10/16/08, Phoenix Business Journal)

“I don’t think there’s any doubt that Sen. Obama wants to restrict trade and he wants to raise taxes. And the last president of the United States that tried that was Herbert Hoover, and we went from a deep recession into a depression,” McCain said the Hofstra University forum.

That mirrors recent comments by Scottsdale economist Elliott Pollack. Hoover’s response to economic troubles in 1929 was to raise taxes because of large deficits and to impose tariffs on foreign goods to help boost American businesses, and those tariffs sparked trade wars that magnified the Great Depression, he said. [...]

Two new polls have the race tightening somewhat. A Rasmussen Reports poll shows Obama with a 50 percent to 46 percent lead over McCain.

A tracking poll by Investors Business Daily and the TechnoMetrica Institute of Policy & Politics gives Obama a 45 percent to 43 percent lead over McCain.


In fairness to Senator Obama, his aides do follow around behind him letting folks in high places know that the protectionism talk is just nonsense to placate the Left.

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Posted by Orrin Judd at October 16, 2008 4:27 PM
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