Posts Tagged ‘depression’

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McCain: Now He’s the Spineless Maverick?

February 6, 2009

loser-mccainJust like he shrunk into a puppet for the wing nuts agenda during the general election, which by the way got him no where, McCain is once again trying to curry favors.  It’s so sad to see this proud man bend over trying to get his party to like him.  I mean where is the maverick now?  Lost in a sea of republican bull shit?

For shame McCain, for shame.  If that’s the stance he’s wants to take then I need to let an economist point out the real failure of FDR:

(h/t ThinkProgress.org)

It seems the great depression turned into a worst depression because the president, FDR, listened to asshole republicans tell him to stop spending on recovery and turn back to dumb ass taxes.  Now where have I heard that shit?  Hm…from our current crop of congressional and senatorial republicans, perhaps?  McCain is just coming off as totally sad and pitiful for trying to curry favors from the same bunch of jackals that didn’t like him and probably still don’t.

UPDATE:  This is so sad on top of my previous so sad above:

WASHINGTON — The Senate has killed an alternative economic stimulus plan by Sen. John McCain that would have cut income and payroll taxes but spent far less than President Obama’s plan.

The party-line 57-40 vote against McCain’s $421 billion plan came Thursday as a group of moderate Democrats and Republicans struggled to cut up to $100 billion from Obama’s version.

Who knew that we would not like McCain’s policies?  Oh yea…we did.

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Kuttner: Another Great Depression A Bigger Risk Than Large Budget Deficits

November 30, 2008

Economist Kuttner takes on the task of illustrating why we need to increase our deficit in order to kick start our economy.  Its really a matter of choice.  Which do we fear most, a depression or a deficit? I’ll put depression as my number one greatest fear.

Before our economy becomes an abyss we need to start thinking in terms of getting the ball turning in a new direction and doing all that we can to avoid a depression and that is inclusive of a huge stimulus package as President Obama is proposing.

To address today’s economic crisis, Kuttner recommends a huge stimulus plan to rebuild our antiquated infrastructure and to jumpstart our new energy economy, even if that means increasing our national debt to 60% or more of GDP.

You can see the full interview here.

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