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David Frum on John McCain’s economy problem

 



McCain: “The issue of economics is not something I’ve understood as well as I should. … I’ve got Greenspan’s book.”

I have to agree with Frum on this one.

What if the economy is worse in September than it is today? Romney can talk comfortably and knowledgeably about healthcare, jobs, and trade. McCain - much less so. Won’t that be a problem for the GOP in what may soon become a recession year?

The economy will be worse by then and when McCain said he doesn’t know much about the economy—welll–that didn’t help him in that area no matter how many times McCain denies saying this

Perhaps from The Wall Street Journal, which on Nov. 26, 2005, published this quote from an interview with McCain: “I’m going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.”

Or maybe the Boston Globe’s Political Intelligence blog, which last Dec. 18 published this quote from McCain: “The issue of economics is not something I’ve understood as well as I should. … I’ve got Greenspan’s book.”




No Trackbacks To “David Frum on John McCain’s economy problem“

74 Responses for “David Frum on John McCain’s economy problem”
1
Lord Balto Says:

Would that be John Sidney McCain III?

2
jimbo Says:

Geez, I don’t know what problem conservatives have with McCain. He’s a liar, which history shows is high on the list of attributes they love, ie, bush.

3
bmw 528 Says:

We’re going to beat this mental retard’s ass like a pinada in November. What a clueless fucking dope.

4
Teacher Joshua Says:

ahh good ol’ McCain. Is there no flap that the media won’t gloss over or pretend didn’t really happen? I suspect he will have to eat a baby on live TV for the straight talk express to hit a bump in the road. Imagine if Kerry had said it in 2004 . . . .

5
Snowball Says:

If we’ve learned anything from the last seven years it should be this: Never trust a Republican with your money. It’s like letting a drug addict hold your stash.

6
MCMetal Says:

Perhaps from The Wall Street Journal, which on Nov. 26, 2005, published this quote from an interview with McCain: “I’m going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.”

Which is pretty remarkable in of itself , considering you were a POW for 5 years and are part of the “cowboy diplomacy” mindset ; meaning you don’t know jack fucking shit about the military and/or diplomacy , you wrinkled , stupid senile old douchebag……….

7
slippytoad Says:

Teacher Joshua @ 4:

ahh good ol’ McCain. Is there no flap that the media won’t gloss over or pretend didn’t really happen? I suspect he will have to eat a baby on live TV for the straight talk express to hit a bump in the road. Imagine if Kerry had said it in 2004 . . . .

The public are increasingly tuning the MSM out. They can’t save McStain’s bacon.

8
dropkick Says:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn’t said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

9
Palooka Says:

Thankfully, we have advisers. I don’t expect a President to be the sole solution to governmental problems.

10
seth Says:

In a way, I’d rather people not ‘understand’ the economy if that means succumbing to the neoclassical economics line of BS (ala’ greenspan). If someone doesn’t understand a diverse array of economic thought, I’d rather them go by common sense.

11
CoIntelPro Says:

McLyingSackOfShit!

12
ConcernedCanuck Says:

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn’t said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

It’s really quite simple. You CANNOT cut taxes and increase spending. That is insane. So, in order to stimulate the economy, there are going to be tax cuts of some kind. That money will have to be made up somewhere. Which program gets the axe? Betcha it ain’t the military. IF the economic downturn continues as it is, the next President of the US will have the shortest voter honeymoon, in the history of the US and will not survive beyond one term.

13
CoIntelPro Says:

CoIntelPro @ 11:

McLyingSackOfShit!

McDumberThanASackOfHammers!

14
rend Says:

“I still need to be educated.” what is ones capacity to learn i mean really learn in their mid 70’s?

15
CoIntelPro Says:

ConcernedCanuck @ 12:

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn’t said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

It’s really quite simple. You CANNOT cut taxes and increase spending. That is insane. So, in order to stimulate the economy, there are going to be tax cuts of some kind. That money will have to be made up somewhere. Which program gets the axe? Betcha it ain’t the military. IF the economic downturn continues as it is, the next President of the US will have the shortest voter honeymoon, in the history of the US and will not survive beyond one term.

If you saw or heard of Busch’s latest budget - $3Trillion, 50-70%cuts to domestic programs, especially those that help the neediest - than you already know the answer.

16
Captain Kangaroo Says:

Mr. McCan’t, maybe you don’t; want to meet Mr. Howard Dean but you will get to know him very well in the near future.

17
L.A. Confidential Says:

The Boosh Effect

Denver, Colo., which had a record high of 74 degrees yesterday, was socked by heavy snow and blowing snow this morning with temperatures in the upper 20s.

18
ConcernedCanuck Says:

CoIntelPro @ 15:

ConcernedCanuck @ 12:

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn’t said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

It’s really quite simple. You CANNOT cut taxes and increase spending. That is insane. So, in order to stimulate the economy, there are going to be tax cuts of some kind. That money will have to be made up somewhere. Which program gets the axe? Betcha it ain’t the military. IF the economic downturn continues as it is, the next President of the US will have the shortest voter honeymoon, in the history of the US and will not survive beyond one term.

If you saw or heard of Busch’s latest budget - $3Trillion, 50-70%cuts to domestic programs, especially those that help the neediest - than you already know the answer.

Yep, and if the recession is severe, that will be just a drop in the bucket for the next Prez. Hard to be popular doing that, won’t it?

19
CoIntelPro Says:

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn’t said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

that trickle-down, aka voodoo, economics is still being sold bt the MSM. that trickle is them pissing on the rest of us.

20
Captain Kangaroo Says:

CoIntelPro @ 15:

ConcernedCanuck @ 12:

dropkick @ 8:

In a related subject. Both Reagan and Bush cut taxes and made the claim that tax revenues went up ( see it works, cutting taxes for the corporations and rich raises tax revenue ). But what isn’t said and the MSM failed to point out, as they cut taxes they both borrowed trillions of dollars and push it into the economy. Each time those trillions of dollars change hands in the economy, does it not contribute to the tax revenue? My opinion is, that is where the increase tax revenues came from. We now owe more than 8.5 trillion dollars. To use simple figures, if we are paying 5% interest on 10 trillion dollars a year, that comes out to 500 billion dollars of interest we (the tax payers) must pay a year.
My God, what are we doing? Stop the insanity. Ron Paul is correct, get rid of the FED.

It’s really quite simple. You CANNOT cut taxes and increase spending. That is insane. So, in order to stimulate the economy, there are going to be tax cuts of some kind. That money will have to be made up somewhere. Which program gets the axe? Betcha it ain’t the military. IF the economic downturn continues as it is, the next President of the US will have the shortest voter honeymoon, in the history of the US and will not survive beyond one term.

If you saw or heard of Busch’s latest budget - $3Trillion, 50-70%cuts to domestic programs, especially those that help the neediest - than you already know the answer.

You are going to make McCain’s head spin if you keep this up.

21
CoIntelPro Says:

Hey Dropkick,

I was reading backwards and double posted, oops!

22
CoIntelPro Says:

Captain Kangaroo @ 20:

if you spin an empty bottle really, really fast, it whistles.

23
ConcernedCanuck Says:

L.A. Confidential @ 17:

The Boosh Effect

Denver, Colo., which had a record high of 74 degrees yesterday, was socked by heavy snow and blowing snow this morning with temperatures in the upper 20s.

Hey LA, did you read this yet?

Obama is hoping to appoint cross-party figures to his cabinet such as Chuck Hagel, the Republican senator for Nebraska and an opponent of the Iraq war, and Richard Lugar, leader of the Republicans on the Senate foreign relations committee.

Senior advisers confirmed that Hagel, a highly decorated Vietnam war veteran and one of McCain’s closest friends in the Senate, was considered an ideal candidate for defence secretary.

http://www.timesonline.co.uk/t.....466823.ece

24
An Average Joe Says:

L.A. Confidential @ 17:

The Boosh Effect

Denver, Colo., which had a record high of 74 degrees yesterday, was socked by heavy snow and blowing snow this morning with temperatures in the upper 20s.

I lived there for 7 years in the 80’s and saw that at least 3 times. I hate “W” but that wasn’t Reagan’s fault either.

25
ConcernedCanuck Says:

http://www.redlasso.com/ClipPl.....70786da9b4

Here is an example of voter brainwashing. Wow. Just wow.

26
rend Says:

the first quote so scared me I didnt see this one,, “I’ve got Greenspan’s book.”

Thats supposed to make me comfortable?

27
Snowball Says:

ConcernedCanuck @ 23:

L.A. Confidential @ 17:

The Boosh Effect

Denver, Colo., which had a record high of 74 degrees yesterday, was socked by heavy snow and blowing snow this morning with temperatures in the upper 20s.

Hey LA, did you read this yet?

Obama is hoping to appoint cross-party figures to his cabinet such as Chuck Hagel, the Republican senator for Nebraska and an opponent of the Iraq war, and Richard Lugar, leader of the Republicans on the Senate foreign relations committee.

Senior advisers confirmed that Hagel, a highly decorated Vietnam war veteran and one of McCain’s closest friends in the Senate, was considered an ideal candidate for defence secretary.

http://www.timesonline.co.uk/t.....466823.ece

Appointing Lugar and Hagel would go a long way in healing the divide in our country without compromising any principles. As far as Republicans go, Hagel has been against the invasion of Iraq from the start and Lugar has been a critic as well. We could do worse with some DLC type Democrats.

29
MCMetal Says:

Palooka @ 9:

Thankfully, we have advisers. I don’t expect a President to be the sole solution to governmental problems.

Umm , what makes you believe McInsane is anywhere near intelligent enough to hire competent people just as Chimpy has not ?

You yourself must be competent and secure in yourself enough to go hire others that are competent in their particular field(s) of expertise ; Johnny McLame is none of that , nor was his predeccessor , Chimpy

30
ConcernedCanuck Says:

Snowball @ 27:

ConcernedCanuck @ 23:

L.A. Confidential @ 17:

The Boosh Effect

Denver, Colo., which had a record high of 74 degrees yesterday, was socked by heavy snow and blowing snow this morning with temperatures in the upper 20s.

Hey LA, did you read this yet?

Obama is hoping to appoint cross-party figures to his cabinet such as Chuck Hagel, the Republican senator for Nebraska and an opponent of the Iraq war, and Richard Lugar, leader of the Republicans on the Senate foreign relations committee.

Senior advisers confirmed that Hagel, a highly decorated Vietnam war veteran and one of McCain’s closest friends in the Senate, was considered an ideal candidate for defence secretary.

http://www.timesonline.co.uk/t.....466823.ece

Appointing Lugar and Hagel would go a long way in healing the divide in our country without compromising any principles. As far as Republicans go, Hagel has been against the invasion of Iraq from the start and Lugar has been a critic as well. We could do worse with some DLC type Democrats.

I think it’s a great idea, especially considering his choices. Don’t think Dem supporters as a whole would be too thrilled though.

31
dropkick Says:

Think about this. We’re almost $9 trillion in debt and still borrowing hundreds of billions and we’re still handing out foriegn aid to foriegn countries ( payola to get support and favors ). Paying hundreds of billions in maintaining foriegn military bases. Buying very expensive military equipment and programs even when no one no one can come close to us even in the distant future. We are in a very deep hole and we are still digging. This house of cards will collapse, the question is when. Someone has to say enough, enough.

32
Proud2bHumble Says:

CoIntelPro @ 11:

McLyingSackOfShit!

#423, and one of my favorites already… thanks, coitus! lol

;-}

33
BIGBONEDED Says:

Sorry but that was the Reagan DEVOLUTION . His record with the Keating 5 Scandal should speak for itself…Just because you were born into and married money does NOT make you “WELL VERSED
IN ECONOMICS “

34
Proud2bHumble Says:

CoIntelPro @ 13:

CoIntelPro @ 11:

McLyingSackOfShit!

McDumberThanASackOfHammers!

#424, tinks! ;-}

35
ConcernedCanuck Says:

I know this is off topic, but when is the world going to grab Israel by the damn throat and say enough is enough?

Israeli Defense Minister Ehud Barak said an even broader Gaza operation was possible, aimed at crushing militant rocket squads but also to “weaken the Hamas rule, in the right circumstances, even to bring it down.”

The Palestinian death toll rose by 26, bringing the number killed to 114 since the latest bout of fighting erupted on Wednesday, according to Palestinian medical officials and militant groups.

Cuz when you think about crushing, the first thing you think of is a democratically elected government. Come on Bush you sack of shit. DO SOMETHING for once in your pathetic life. McExcuseForAPolitician? No? Obama? Hillary? *crickets*……..sad. Interfere when there’s money to be made.

36
Proud2bHumble Says:

ConcernedCanuck @ 35:

I know this is off topic, but when is the world going to grab Israel by the damn throat and say enough is enough?

Israeli Defense Minister Ehud Barak said an even broader Gaza operation was possible, aimed at crushing militant rocket squads but also to “weaken the Hamas rule, in the right circumstances, even to bring it down.”

The Palestinian death toll rose by 26, bringing the number killed to 114 since the latest bout of fighting erupted on Wednesday, according to Palestinian medical officials and militant groups.

Cuz when you think about crushing, the first thing you think of is a democratically elected government. Come on Bush you sack of shit. DO SOMETHING for once in your pathetic life. McExcuseForAPolitician? No? Obama? Hillary? *crickets*……..sad. Interfere when there’s money to be made.

Don’t expect any McEmergencyRescueService from McMilitaryIndustrialComplexHero any time time soon, but I came with the McBandaids as soon as I got your plea for help on the trashy fundraiser thread, LOLOL!

37
Tim in Japan Says:

I love it.

“…I’ve got Greenspan’s book.”

“Yes, it’s the really thick one at the end of the row that keeps all the other books from tipping over on the shelf.”

38
uncle joe mccarthy Says:

i am not an ageist, however, in this digital universe, when are older pols gonna figure out they cant get away with bs anymore?

here is a fact

none of the candidates will be able to get us out of this mess….none of them

but the worst thing to happen would be to elect mccain

he has lobbyests as handlers

what ever they havent taken yet…he will hand over to them in the first year

39
Filthy Harry Says:

The repubs will claim the economy is fine, despite all the evidence to the contrary, they will also at the same time blame the dems for all the problems with the economy, despite all the evidence to the contrary. They will be be believed by a large percentage of the electorate.

Besides…

Was John McCain really tortured when he was a POW? Was he tortured sufficiently enough to deserve a medal of valour? I have a friend who is in Vietnam researching POWs. He spoke to a man that was the gardner at the POW camp McCain was held at. He doesn’t seem to remember McCain ever being tortured. He thinks it might have been self-inflicted torture in order to get enough medals to later run for President some day. I think this bears some thinking.

Swift Vote Veterans for Truth where are you?

41
Filthy Harry Says:

Jay Severin Has a Small Pen1s @ 40:

Besides…

Was John McCain really tortured when he was a POW? Was he tortured sufficiently enough to deserve a medal of valour? I have a friend who is in Vietnam researching POWs. He spoke to a man that was the gardner at the POW camp McCain was held at. He doesn’t seem to remember McCain ever being tortured. He thinks it might have been self-inflicted torture in order to get enough medals to later run for President some day. I think this bears some thinking.

Swift Vote Veterans for Truth where are you?

You get medals for being tortured? Do the guys at Gitmo know? And I woulda thought you got a medal for escaping.

Tim in Japan @ 37:

I love it.

“…I’ve got Greenspan’s book.”

“Yes, it’s the really thick one at the end of the row that keeps all the other books from tipping over on the shelf.”

Maybe by banging Andrea Mitchell he can get that economist mojo working.

43
Filthy Harry Says:

Tim in Japan @ 37:

I love it.

“…I’ve got Greenspan’s book.”

“Yes, it’s the really thick one at the end of the row that keeps all the other books from tipping over on the shelf.”

Garfield books.