< Back to Front Page Text size +

McCain seeks traction on economy

Posted by Foon Rhee, deputy national political editor October 27, 2008 02:19 PM

John McCain gave perhaps his most aggressive address on the economy this morning, arguing that he will create new jobs while Democratic rival Barack Obama will kill jobs through higher taxes.

"It's a difference of millions of jobs in America, and Americans are beginning to figure that out," McCain said in Cleveland, flanked by former Massachusetts governor Mitt Romney, former eBay CEO Meg Whitman, and other key economic advisers.

"With one week left in this campaign, the choice facing Americans is stark," McCain added.

While both he and Obama disagree with President Bush's economic policies, McCain said he would cut spending and create high-paying jobs through tax cuts, while Obama would raise taxes on small businesses.

While Obama talks about cutting taxes for 95 percent of working families, by ending the Bush tax cuts for households earning $250,000 or more a year, that would hurt small businesses, McCain argued.

McCain also outlined previous proposals to protect retirement savings, keep people in their homes, and impose new oversight of Wall Street.


He has launched a TV ad focusing on his plan to protect retirement savings, battered by the plummeting stock market.

And in his speech this morning, he pressed the argument that Obama, combined with a solidly Democratic Congress led by House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, would take spending out of control.

"This is a dangerous threesome," he said.

Obama spokesman Bill Burton responded, “A day after John McCain said that he agreed with George Bush’s economic philosophy, he continued to parrot the same failed policies that give billions to billionaires and big corporations while providing no relief at all to more than 100 million middle-class Americans. Barack Obama will invest in the middle-class by cutting taxes for 95% of workers and their families and create new jobs by giving tax credits to employers who hire new workers and investing in renewable sources of energy.”

In a later rally in Dayton, McCain mocked Obama for "measuring the drapes" and preparing for the presidency a week before the election.

"What America needs now is someone who will finish the race before the starting the victory lap, someone who will fight to the end, and not for himself but for his country," he said.

  • CommentComment
  • EmailEmail
.

On the eighth day before the election McCain decides to send this message via the media.
Too little, too late.

Posted by mdj October 27, 08 10:43 AM
.

McCain is out of touch with reality. He is using tha same philosophy he did for the past 8 years right along side Bush.

The spreading of wealth will not come from the 1% as he states. It will be the same old same thing if McCain is elected.

Oh God I hope this circus act does not become the next President...

Posted by MPM October 27, 08 11:02 AM
.

We, as a country, will be in dire straights as the ultra liberals take control of the executive and legislative branches. If the judicial branch falls victim, America may have both its’ longest recession on record and the deepest tattering of moral fibre. Federalism will become extinct.

Posted by Jon Holsgres October 27, 08 11:05 AM
.

Who would have thought that this race would end as it is ending in distortions, confusing messages, misleading statements, lies, poor leadership and judgment? Desperate times require desperate tactics. We have had 2 yrs to watch every candidate, and we are ready to pass judgment. I guess they will continue to scrap the bottom to make their case. Imagine what America will look like if they prevail.


Posted by Decided voter in the great state of FL / 27 electoral votes October 27, 08 11:15 AM
.

This is a very strong pitch by McCain but it's too little too late.... why didn't he do this earlier in his campaign? All the mud slinging has been killing him.

Posted by DI$CO October 27, 08 11:31 AM
.

Retreat from Iraq is not possible military strategically !!!!

It is not an opinion but the truth !!!!

Retreat is a different issue regardless of invasion into Iraq !!!!

Pulling back shall make a genocide in Iraq !!!!

Iran shall have nuclear weapon to wipe off Israel from the world map !!!!

Israel shall attack Iran for defense !!!!

The other Arab countries shall attack Israel !!!!

Al Qaida shall attack America with nuclear weapon given by Iran !!!!

Remember 9.11 forever !!!!

Posted by Max (Dr. Sang Cho) October 27, 08 11:44 AM
.

I don't get it. Why is McCain "seeking traction on the economy?" Just last month McCain said the economy was fine.

Posted by LadyPatriot1776 October 27, 08 12:42 PM
.

McCain is a joke. He used to have a lot of respect across the ideological spectrum, but he has run this campaign quite foolishly, starting with his selection of Sarah Palin. He is going to lose big and the GOP will be in full retreat. It will probably take 8-12 years for the GOP to recover from the Bush fiasco; McCain needed to distance himself from Bush not this week but 4-5 years ago. Nobody believes him now when he says he's different from Bush. Obama is 15 points ahead in NH for crying out loud, and he will win easily on Nov. 4.

Posted by Lefty October 27, 08 12:58 PM
.

Let's face it, we are at a crossroads in this nations future and the next president will need to make a choice, down one road is never ending suffering and despair and down the other is meaninglessness and moral decay. Hopefully we can do the right thing.

Posted by drgonzo October 27, 08 01:16 PM
.

What do you mean too little too late? This is the same thing McCain has been saying all along. I guess you were too busy worrying about how much Sarah Palin's clothes cost.

Posted by Dantheman October 27, 08 02:03 PM
.

Hey Dantheman...McCain's going to create jobs! HA!!!! Dub-ya said a few years back in March that he was going to create 1,000,000,000 jobs (yes, a million). First of all, no one is that powerful. And yes, it didn't happen!!! McCain is a pathetic, low class, angry little piece of garbage, like his (poor choice of a ) running mate, and that witchy bimbo he's married to. Yeah, cut Medicare, John, and tax our healthcare benefits...oh, and yes, i really want to BUY my own healthcare. Can you afford that? I DOUBT IT. Have you ever made a COBRA payment because that's pretty much what you're looking at. About $10K/year for family; $5K for single folks.

Posted by Southpaw October 27, 08 02:47 PM
.

Southpaw...
We'll be able to afford that wih McCain's plan. Not Obama's.

Posted by me October 27, 08 03:29 PM
.

I hope that everyone looking for a job finds one. Then again I have a job. It's not my dream job, but I show up everyday and work hard and pay my bills. Come to think of it, my company has a lot of open postitions, but I guess none of them are good enough to those who have too much of a sense of entitlement to start at the bottom and work their way up.

I would rather pay for my own health care than have someone take money away from someone else who has worked hard his entire life to become wealthy. We Republicans are so dumb... always working hard to earn money and pay for things ourselves rather than just looking for handouts from the government. I'm going to go apply for food stamps now.

Posted by Dantheman October 27, 08 03:37 PM
.

Well, I hope Obama wins, first off. And if not, then I have a question for you, McCain. Why are YOU not getting ready as if you are going to be president, if what you claim is true (that you will win)? You, as well, should be preparing because every second counts in this tumultuous era we live in. Who are going to be your alliances? Haig over Powell, HA!! Plan a little better than you did with your choice in running mates, for the love of this world. Tell us now who they will be!!!!!!!!!!!

Posted by Twinklee October 27, 08 04:21 PM
.

McCain and the neo conservative movement have not only destroyed the Republican Party, but would destroy the country if elected. Please for the love of country vote Obama.

Yes Dantheman, you are dumb, you vote against your self interest. You let the corporations, religous right and lobbiest run your party. You don't ever consider any new ideas and just rant the same mantra over and over. You fail.

Posted by IndependentsforObama08 October 27, 08 04:24 PM
.

McCain is so full of crap with his I am going to help Americans speech!

Please spare on the crap and just give us the real straight talk. You will not do anything differently then what you have done for the past 8 years since siding with the Bush philosophy of helping himself to a majority of the pie. While the rest of America struggles to make ends meet.

The McCain/Palin ticket is the biggest joke I have ever seen in all my voting years.

If McCain is elected, then I would have to find 6-7K more a year to cover my insurance costs. What a foolish idea this old man has. It just goes to show out of touch he is with the real world.

Spread the word and vote for Obama. We need change and having Americans shell out more for a foolish insurance policy that McCain is proposing is not the change we need.

My vote is for Obama! Join me in voting for a real leader!

Posted by MPM October 27, 08 04:29 PM
.

Why do liberals hate President Bush so much?

He’s given them a great deal of what they want.

More money for healthcare (Medicare Part D)

More federal money and involvement in education (No Child Left Behind, written by Ted Kennedy)

A lot more protected conservation areas (The Hawaiian National Monument).

Used the military for humanitarian purposes (Iraq)

Kicked the most theocratic regime in the world out of power (The Taliban in Afghanistan).

He’s increased federal spending at a faster rate than anyone since LBJ.

He increased regulation of the financial markets (Sarbane Oxley).

He increased public interest in alternative energy and conservation (high gas prices)

Nationalized a lot of the financial services industry.

What more do you want? Bush may be the most liberal president ever.

Posted by Joe Public October 27, 08 04:36 PM
.

McCain was right then.. Obama is right now............

During the 2000 campaign, on MSNBC’s “Hardball,” a young woman asked McCain why her father, a doctor, should be “penalized” by being “in a huge tax bracket.” McCain replied that “wealthy people can afford more” and that “the very wealthy, because they can afford tax lawyers and all kinds of loopholes, really don’t pay nearly as much as you think they do.” The exchange continued:

YOUNG WOMAN: Are we getting closer and closer to, like, socialism and stuff?. . .

MCCAIN: Here’s what I really believe: That when you reach a certain level of comfort, there’s nothing wrong with paying somewhat more.

Posted by Erin October 27, 08 04:54 PM
.

If by criticizing Obama as measuring the drapes he means Obama is working hard on putting in a transition team that will be prepared to name Department Secretaries and get started with crafting policy then I think it is the critic who is out of touch. Obama's team worked hard over months and came up with a qualified credible VP choice. McCains choice was spur of the moment and designed to promote his candidacy but she is "out of her league" were she to take office.

Posted by Ron M October 27, 08 05:55 PM
.

McCain may well have picked Palin well in advance, he just played it real close to the vest to surprise Obama and take the wind out of his post-convention bounce.

Why would you think Palin is out of her league but Obama is not out of his?

Posted by Joe Public October 27, 08 06:20 PM
.

Obama is not left wing. He is a radical. He will take your money and give it to people he decides are more deserving in his radical view. The stock market is falling because the market fears this redistribution of wealth and higher taxes by Obama. Obama can't possibly raise the revenue he plans on spending in his redistribution plans by taxing the "rich". His salary cap won't work. He will have to lower his $250,000 salary cap. Then you will be paying for the redistribution he intends on effecting. If you pay any income tax at all you will be paying higher taxes under Obama. Given that congress(democrats and republicans) have screwed up this economy up over the last 30 years; why would anyone want to give them any money.

Posted by Dan October 27, 08 06:32 PM
.

Both candidates want to start to buy up bad mortgages and renegotiate the principle owed so the people that are 3-4 months behind will end up with a nice little windfall. This will perpetuate into the system and other people will also stop their mortgages to get a piece of this new free pie. We must not reward bad behavior and Let the free markets work the problems out on their own.


Posted by wowe October 27, 08 06:59 PM
.

This seems more like jokes for america... particularly his plan to pay with Federal money the difference between morgage and home values...

Posted by ada October 27, 08 09:20 PM
add your comment *(If you put a URL in your comment, it must be relevant )
Required
Required (will not be published)

This blogger might want to review your comment before posting it.

About Political Intelligence

Reports from Boston Globe reporters and editors about the Obama administration, the Massachusetts congressional delegation, and other national political happenings.

News from the Washington Bureau

Health care headache for House Democrats

WASHINGTON - Democratic House leaders scrambled to round up enough support yesterday for their sweeping health care overhaul, getting last-minute help from White House advisers on the eve of a historic vote scheduled for today. (Globe Staff, 11/7/09)

Health care opponents intensify late attack

WASHINGTON - The sweeping health care overhaul package before Congress is under an 11th-hour attack over a pair of emotional issues, abortion and immigration, that are complicating Democrats’ efforts to piece together the coalition they need to pass the bill. (Globe Staff, 11/6/09)

Patrick wraps up two-day visit to Washington

WASHINGTON - Governor Deval Patrick swept through Washington yesterday, wrapping up a two-day tour to advance the state’s interests in health care, economic development, and transportation - a trip that also let him showcase his access to the city’s most powerful Democrats, including President Obama. (Globe Staff, 11/5/09)

Public’s opinions of health care overhaul efforts have familiar ring

Americans’ opinion of the health care proposals now before Congress is eerily similar to public sentiment about the Clinton health reform initiatives in 1994, according to an analysis published online yesterday in The New England Journal of Medicine - and that may not bode well for Democrats. (Globe Staff, 11/5/09)

Frank reconsiders legislation after worry raised on loopholes

House Financial Services Committee chairman Barney Frank, under fire from some fellow Democrats and consumer groups for carving out what they call loopholes in legislation designed to prevent another economic meltdown, said in a letter released last night that “there may be a problem here’’ and that he wants to reconsider. (Globe Staff, 11/5/09)

Moderate Democrats fear shift to GOP

Democratic moderates who will determine the fate of much of President Obama’s domestic agenda heard an early warning from this week’s off-year elections: Congress had better do something about the economy, or sitting lawmakers will lose their jobs in 2010. (Globe Staff, 11/5/09)

BU professor turned Pakistan envoy draws flak

Professor Husain Haqqani, who took a leave of absence from Boston University to become Pakistan’s ambassador to the United States last year, is one of the most influential figures in his nation’s government. But in recent weeks, Haqqani has been fighting for his political survival, accused of something that can tank a government career in Pakistan: being too “pro-American.’’ (Globe Staff, 11/4/09)

In battle over credit abuses, Warren wields a plan

CAMBRIDGE - Her critics portray her as an ivory tower elitist intent on disrupting the American Dream. But to her legions of fans in the Democratic Party, Harvard law professor Elizabeth Warren is the nation’s leading economic David, fighting to protect middle-class families from corporate Goliaths. (Globe Staff, 11/3/09)

New England’s GOP moderates aiming to reverse ’08 setbacks

WASHINGTON - New England’s moderate Republicans, shoved out of power by two Democratic waves of anti-George W. Bush fervor, are scrambling to make a 2010 comeback, making early bids for congressional seats that GOP leaders say are critical to taking back majorities in the House and Senate. (Globe Staff, 11/2/09)

In Kennedy’s towering shadow, Senator Kirk discreetly toils

Paul G. Kirk Jr. kept to himself on a recent day in the Senate chamber, sitting quietly with a manila folder of policy papers while his colleagues milled around on the floor, back-slapping and schmoozing. (Globe Staff, 10/31/09)
archives