Monday, February 1, 2010

McCain Economy Would've Been No Different - UPDATED

If things had turned out differently on a November night in 2008 and we had the pleasure of a McCain/Palin administration, the record deficit would have been the same or perhaps worse. So says John McCain's former economic policy advisor.

Douglas Holtz-Eakin argued that under McCain's stewardship economic policy would have been strikingly different than under Obama -- with a much smaller stimulus bill and government expenditures going down as opposed to up.
But the former Congressional Budget Office director did acknowledge that, even with these changes, the country "probably would still have a record deficit" as is projected under the Obama administration.
And we all know why.
...many of the deficit problems the current administration faces today are traced directly back to the policies of its predecessors. This, indeed, seems to be implicit in Holtz-Eakin's acknowledgment.
In December 2009, the Center on Budget and Policy Priorities concluded that the then-$1.4 trillion annual deficit run by the government under Obama had much to do with the Bush administration's package of tax cuts, the wars it launched in Iraq and Afghanistan and its response to the recession.
I wonder if McCain would have "blamed it on Bush"?

UPDATE (4:15pm): Of course, no sooner does President Obama release his budget than The Maverick gets busy twiddling his thumbs to come up with this asinine tweet:

Maybe he should have spoken to Holtz-Eakin...

1 comment:

lin liyi said...

There are many fashionable chronographs as well as aviation wrist watches to select from hublot replica uk from inexpensive costs below, knowing where you can store. Longines mens wrist watches aren't simply for activity, they are intended for design rolex replica uk ideal stability for just about any view enthusiast. Girl's Longines wrist watches aren't which difficult to find these days. There are numerous associated with merchants that top off upon top end wrist watches. Wrist watches are actually obtainable in numerous hublot replica uk, choices as well as versions to select from. It's in an easier way to buy through a good on the internet store while you obtain a larger collection of period items to select from at most inexpensive prices as well as fast goods. Do not stress concerning the price whenever chanel replica involves fashionable mens wrist watches. All of them are rolex replica sale which have remarkable elegance as well as really worth their own cost.