Posted by
Kevin on Monday, October 06, 2008 12:48:11 PM
Well, results of the $700 billion bail out deal are pouring in and it ain't pretty. World wide markets down today from 4 to over 6 percent. The Dow at lest look was down around 500 points. Banks this weekend in Europe are on the brink and there is talk of a European version of the bailout. Now I know this was not a cure-all and implementing this "rescue" will take time. All the more reason as John McCain prepares for the second Presidential debate and begins to take off the gloves as he promised, he must also give positive reasonns why he and Sarah Palin would be better for the economy.
Just as it is not good to change horses in the middle of a war, McCain MUST show A) how HIS economic policies will deffer from George Bush's and B) How Barack Obama's policies will further decimate the economy.
This needs to be the center pioece of his presentation Tuesday. McCain has campaigned on cutting spending and cutting taxes. Obama has called for tax increases and additional spending of over $850 billion!. McCain needs to do the math on Obama's programs and show how under current conditions he will not be able to deliver on what he promises.
McCain must also show how his proposals will help the economy and increase jobs thus increasing revenue. He must remind Americans HE was right on Fannie and Freddie and called for action years before this mess festered. It is about judgement. As with the War on terror and the Iraq war, McCain gets it and Obama does not. McCain was right on the mortgage crisis, Obama was wrong. He should also call for the repeal of the Community Redevelopment Act that started this mess in the first place. The goal was noble, the methods disastrous.
It is a good idea for McCain to take off the gloves re Obama's associations and character, IF he ties them into Obama's judgement on Tax and spend and ACORN and this whole credit mess. Dealings with the ilk of Rezko show a shody disregard for above board finances.
The format of The second debate is Town Hall style and should allow McCain to connect direct to the American people on these issues. If he does this, along with Palin's performance last week, could just turn this campaign around.