Wednesday, June 25, 2008

McCain and Obama on the decline of US economy...

McCain and Obama are both sickening in their responses to the decline of US economy. Barack Obama tells us, we are “bitter,” “racists” who cling to “Guns” and “God” and are evil for refusing to embrace Neo-Sovietism.

"You go into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing's replaced them. It's not surprising then they get bitter. They cling to guns, or religion, or antipathy to people who aren't like them, or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations."2

And McCain just tells us to sell junk on Ebay...

McCain's EBay Model for Jobs Finds Few Buyers Among Economists

... (McCain) asserts that (Ebay) is a model for job and economic growth. McCain, seeking to address voter anxiety about the economy, uses EBay to signal that he is ``fundamentally optimistic about the capacity of the U.S. economy to innovate, for that innovation to give new opportunities for jobs,'' said Doug Holtz-Eakin, the candidate's senior economic adviser. ``We shouldn't be obsessed with looking backwards all the time, and saying, `Gee, where did those jobs go?'''

This affection for EBay as an engine for job creation, however, confounds economists... ``In terms of jobs, there's no net increase in GDP that comes from trading stuff that's already made,'' said Stevenson, author of a study on the Internet and employment levels. ``New people selling stuff out of their closet on EBay isn't growing the economy.'' ... 1

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