Andrew Ferguson has a
clever piece in the Weekly Standard pointing out that
John McCain's favorite economic advisers aren't likely to give
similar economic advice. The starkest contrast is between Jack
Kemp, the ebullient supply-sider who warns Republicans against
"root canal politics," and Peter Peterson, the Concord Coalition
guru who is root canal politics. McCain needs the
assistance of such men, since by his own admission he doesn't know
much about economics.
Ferguson reports that both men think their pupil agrees with
them:
"He understands that the solution to our long-term
problems will involve some shared sacrifice," Pete Peterson says.
"And I think his leadership skills will be very effective in
putting this idea of shared sacrifice across."
"I tell him: 'Stop mentioning Pete Peterson!'" Kemp says. "And
he gets that."
As I've said before, there could be a meeting of
the minds, with McCain heeding Kemp on tax rates and Peterson on
spending (perhaps Phil Gramm could faciliate this). But what's on
McCain's mind here is a bit harder to fathom.
topics:
John McCain, Economics
