UPDATE: From McCain Spokeswoman Jill Hazelbaker: “We share the President’s concern over the slow pace of growth in the overall economy and clear pockets of distress and applaud his stance that the government cannot spend its way to prosperity.Tax cuts that improve business competitiveness and investment incentives are clearly desirable. The current debate is over temporary changes — these would be even more powerful if they changed the basic flaws in our tax code - cut the corporate rate, expense equipment investment, and permanent R&D credit. We need to create more jobs; jobs that won’t go away. Keeping money in the hands of middle-class Americans will help those families and support economic growth. But let’s do it now and forever.”
UPDATE : Romney was restrained but approving here. Larry Kudlow explains it here with some kind words for the McCain plan.
ADVERTISEMENT
SPONSORED LINKS
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?