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John McCain Wrong on the Economy, Wrong Choice for Colorado’s Future |
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Washington, DC - John McCain's major speech on the economy yesterday
made it clear he still doesn't get it, and he's still the wrong choice
for Colorado’ s future. The Wall Street Journal declared in an
editorial that "his pudding still has no theme" and noted that after
backtracking from his hands-off speech last month, McCain "had almost
nothing to say about prices and inflation, yet both are among the major
concerns of voters in the polls." [Wall Street Journal, 4/16/08]
In its own editorial, the Boston Globe wrote that "[u]nder a McCain
presidency, the national debt would soar as it has under Bush,"
highlighting how McCain's call for commitment to extending the Bush tax
cuts for the wealthy coupled with the "continued US involvement in Iraq
that he favors" runs counter to his promise to balance the federal
budget. The editorial's brutal assessment was that "McCain acknowledged
that he didn't know much about economics a few weeks ago, and this
shortcoming manifested itself yesterday when he unveiled his fiscal
platform." [Boston Globe, 4/16/08]
And as the Washington Post reported, "much of what he detailed was a
corporate special pleader's dream," rather than help for average
Americans. [Washington Post, 4/15/08] In Colorado alone, 43,294
families were unable to pay their mortgages in the fourth quarter of
2007. [http://jec.senate.gov/Documents/Reports/030608 - MBA Q4
Release.pdf]
"John McCain still doesn't understand the challenges confronting
Coloradans, including the 19,946 families who are losing their homes,"
said Colorado Democratic Party Chair Pat Waak. "McCain's fuzzy math and
fiscal recklessness is exactly what President Bush gave us over the
last eight years, and it's exactly the wrong approach to move Colorado
and America in a new direction. With each successive speech Senator
McCain makes it more and more clear, he is the wrong choice for
Colorado's future."
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