McCain Pledges Break With Bush On Economy
Republican Seeks To Prove He Is Different From President And From Obama
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McCain's Last Stand
John McCain knows he is behind in many key states, but that's not stopping him from trying to win support. Chip Reid is traveling with McCain.
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McCain Plays Defense
Sen. Barack Obama pushed into GOP territory in the final leg of his campaign as Sen. John McCain defended Gov. Sarah Palin over clothing expenditures, reports Jeff Glor.
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The Economic Future
Bob Schieffer spoke with policy advisors for Senators Obama and McCain about what solutions are needed for the ailing economy, Wall Street and unemployment.
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Republican presidential candidate Sen. John McCain, R-Ariz., makes a statement on the economy while flanked by former Ebay CEO Meg Whitman, left, and former Massachusetts Gov. Mitt Romney, Monday, Oct. 27, 2008, after an economic roundtable in Cleveland, Ohio. (AP Photo/Stephan Savoia)
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McCain Campaigns
Arizona Sen. John McCain crisscrosses the U.S. in search of votes.
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Where They Stand
The CBS Evening News provides an in-depth look at the issues facing the 44th president.
"I will protect your savings and retirement accounts and get this stock market rising again," said McCain, after huddling with economic advisers and pledging a break with Bush administration policies.
Aides said that McCain's call for cuts in the capital gains tax and tax breaks for seniors who invest would help the market rebound, a nod to the top issue on voters' minds little more than a week out from Election Day.
"A stronger economy with greater investor confidence would help turn the stock market around," said Tucker Bounds, a McCain spokesman. "That would help drive up stock prices and the market recover."
In his closing argument of the marathon election, McCain tread a thin line between bashing Democratic rival Barack Obama and making clear that he would steer a different course than the current GOP administration.
"We both disagree with President Bush on economic policies," McCain said. "My approach is to get spending under control. The difference between us is he thinks taxes have been too low, and I think that spending has been too high."
His most dramatic claim was a pledge to turn around a plunging stock market. Most of the progress he promised would come from the economic stimulus sparked by big tax cuts he's pushing, McCain said.
"I will create millions of jobs through tax cuts that spur economic growth," McCain said. The capital gains tax cut he's proposing would encourage investors, Bounds said.
Before he spoke, McCain met with economic advisers including former rival Mitt Romney and former Housing Secretary Jack Kemp. The event was designed to focus his message on the economic meltdown that has dominated the campaign and left him on the defensive. The downturn has helped boost Obama to a lead in the polls, both nationally and in key battleground states like Ohio.
"The difference between myself and Sen. Obama is my plan will create jobs, it's a difference of millions of jobs in America," McCain said. "My approach will lead to rising stock market prices, a stabilized housing market, economic growth and millions of new jobs."
Obama campaign 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."
McCain's meeting with economic advisers came as polls show him trailing Obama, with most Americans deeply worried about the direction of the economy. For weeks McCain has been seeking to distance himself from Bush and his economic policies and he made that break complete in the nation's industrial heartland. Obama has tried equally hard to tie McCain to Bush, repeatedly citing McCain's 90 percent support for Bush in Senate votes.
At a rally in Dayton, McCain continued to criticize Obama.
"That's what change means for the Obama administration, it means taking your money and giving it to someone else," said McCain. He ridiculed Obama's argument that his tax plan was based on fairness.
"There's nothing fair about driving our economy into the ground and we all suffer when that happens," said McCain. "We'll cut business taxes to help American jobs and keep American business in America."
McCain opposed another economic stimulus package and said he would instead seek to bring spending under control. He made clear the advisers he met with would be part of his administration and it would steer a far different course than Bush.
McCain described an economic stimulus plan under discussion in Congress as "another $300 billion spending spree they are calling a stimulus plan."
"I would rather give the great American middle class additional tax cuts and let you keep the money and invest it in your future," said McCain.
McCain repeated his proposals to cut taxes for those who hold stocks for at least a year, and end requirements that force people to take money out of retirement accounts during the market's downturn.
He also said he would toughen rules governing the financial markets.
"I will demand complete transparency into the accounts and activities at all banks and insurance companies so they cannot take on the kind of risk that brought down the financial system," said McCain. "We will have strict rules of conduct on Wall Street and if they are broken, executives will be severely punished."
While he voted for a $700 billion rescue package for the financial sector, McCain said "the government will get out of the banking business fast" if he's elected.
© MMVIII The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.





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See all 86 CommentsUnfortunately, McCain, in public, admitted openly that the does not understand economics. You have to have some understanding of the subject before you can start any corrective measures. Plus, Phil Gram, a major arthetect of the mess we are in, continues to be one of McCain''s principal economic advisors.
######
Now after 8 years....right !!
waaaaay too little
waaaaay too late, oldguy.
Can not Get it Through Their Heads
They Have Been - EXPOSED - For WHO they Really Are and
WHAT they Really Are ! ! !
EMISSARIES of That -
That is :
THE DESTROYER - of - WORLDS
The Endorsement of Each
John McCain and Sarah Palin Supporter
A Repeat of The NAZI Fascist Bush Crime Regime
Accomplishments of :
JOB DESTROYERS __ WAGE PACKAGE DESTROYERS
WORKING MIDDLE CLASS AMERICA DESTROYERS
FAMILY UNIT DESTROYERS __ HOME OWNERSHIP DESTROYERS
ECONOMY DESTROYERS __ CREDIT DESTROYERS
DEMOCRACY DESTROYERS __ CIVIL RIGHTS DESTROYERS
WORLD PEACE DESTROYERS __ BANK DESTROYERS
INVESTMENT DESTROYERS
UNITED STATES SOVEREIGNTY DESTROYERS
UNITED STATES INDEPENDENCE DESTROYERS
ECONOMIC STRIFE That is Being used as a Weapon to :
ELIMINATE a DEMOCRACY and REPLACE IT With :
The Totalitarian Dictatorship of : A NAZI FASCIST RULE
Against : The Populace of the United States
Any Corporation or POLITICAL INFLUENCE __ That has Supported and Assisted in :
The Achievement of : PURPOSELY and INTENTIONALLY
DESTROYING : The DEMOCRATIC INFRASTRUCTURE and
The ECONOMIC INFRASTRUCTURE of The United States is an :
Act of TREASON
The Endorsement of Each
John McCain and Sarah Palin Supporter
Ted Stevens Guilty In Corruption Case
Senate''s Longest-Serving Republican Convicted On All 7 Counts.
McSame is a complete fraud. Just look at his record. He voted against unions, against supporting alternative energy and against the troops. Look at his record and then ask yourself why you would want another pea brained liar for pResident.
John McCain and Sarah Palin
More Teen Age S*e*x - More Teen Age S*e*x
More Teen Age S*e*x - More Teen Age S*e*x
MORE - Unemployed - Unmarried and
School Drop-out - Teen-Aged Mothers
Cut Benefits - Cut Benefits - Cut Benefits
Cut Benefits - Cut Benefits - Cut Benefits
MORE - Unemployed - Unmarried and
School Drop-out - Teen-Aged Mothers
Cut Benefits - Cut Benefits - Cut Benefits
Cut Benefits - Cut Benefits - Cut Benefits
More Teen Age S*e*x - More Teen Age S*e*x
More Teen Age S*e*x - More Teen Age S*e*x
MORE - Unemployed - Unmarried and
School Drop-out - Teen-Aged Mothers
Cut Benefits - Cut Benefits - Cut Benefits
Cut Benefits - Cut Benefits - Cut Benefits
MORE - Unemployed - Unmarried and
School Drop-out - Teen-Aged Mothers
Cut Benefits - Cut Benefits - Cut Benefits
Cut Benefits - Cut Benefits - Cut Benefits
More Teen Age S*e*x - More Teen Age S*e*x
More Teen Age S*e*x - More Teen Age S*e*x
MORE - Unemployed - Unmarried and
School Drop-out - Teen-Aged Fathers
MORE - Unemployed - Unmarried and
School Drop-out - Teen-Aged Fathers
More Teen Age S*e*x - More Teen Age S*e*x
More Teen Age S*e*x - More Teen Age S*e*x
MORE - Unemployed - Unmarried and
School Drop-out - Teen-Aged Fathers
MORE - Unemployed - Unmarried and
School Drop-out - Teen-Aged Fathers
More Teen Age S*e*x - More Teen Age S*e*x
More Teen Age S*e*x - More Teen Age S*e*x
Cut Benefits - Cut Benefits - Cut Benefits
Posted by shortestfuse at 05:04 PM : Oct 27, 2008
Aside from the FACT that the Bush Tax Cuts helped NO ONE in the Middle, what do you suggest? "Stay the Course" and hope that THIS time Trickle Down will work? Obama will cut taxes to the Middle Class because there is NO OTHER option. They and they alone are the engine to pull us out of this mess. Give them a buck and they will BUY with it. THAT will create a need for MORE products and you can rest assured that the greedy WILL product that product.
Posted by johnfish7 at 05:28 PM : Oct 27, 2008
Joe is that you?? I haven''t heard THIS garbage since I was a child in the Mid 50''s. Joe McCarthy would brand anyone who wouldn''t or didn''t follow his guidelines as to what an American was supposed to say was called a Commie! It was sick then and it still is. Obama is no more a commie than is McSame! It''s lame and is pure Desperation to use trash like this... get a life Sparky!!
NO-One believes your :
Fabricated, Perverted and and Deranged Statements
irmcvet97__ Forever Floating and Drifting throughout the :
Republican Nazi Fascist Twilight Zone - Never Knowingly-Realizing or
Understanding The Difference of True Reality and Fantasy Land
When are You and the rest of the : CHRISTIAN RACIST
Republican NAZI Fascist Party
Going to get it Through Your Head
THE SOUTH __ IS NOT __ GOING TO RISE UP AGAIN ! ! !
THE STARS AND BARS - DO NOT - EXIST ANYMORE
irmcvet97 __ Take another Pill __ Drift away into the : Never - Never Land of
The Republican NAZI Fascist Party - Fantasy Land ! !
The Republican NAZI Fascist Party
Can not Get it Through Their Heads
They Have Been - EXPOSED - For WHO they Really Are and
WHAT they Really Are ! ! !
EMISSARIES of That -
That is :
THE DESTROYER - of - WORLDS
The Endorsement of Each
John McCain and Sarah Palin Supporter
A Repeat of The NAZI Fascist Bush Crime Regime
Accomplishments of :
JOB DESTROYERS __ WAGE PACKAGE DESTROYERS
WORKING MIDDLE CLASS AMERICA DESTROYERS
FAMILY UNIT DESTROYERS __ HOME OWNERSHIP DESTROYERS
ECONOMY DESTROYERS __ CREDIT DESTROYERS
DEMOCRACY DESTROYERS __ CIVIL RIGHTS DESTROYERS
WORLD PEACE DESTROYERS __ BANK DESTROYERS
INVESTMENT DESTROYERS
UNITED STATES SOVEREIGNTY DESTROYERS
UNITED STATES INDEPENDENCE DESTROYERS
ECONOMIC STRIFE That is Being used as a Weapon to :
ELIMINATE a DEMOCRACY and REPLACE IT With :
The Totalitarian Dictatorship of : A NAZI FASCIST RULE
Against : The Populace of the United States
Any Corporation or POLITICAL INFLUENCE __ That has Supported and Assisted in :
The Achievement of : PURPOSELY and INTENTIONALLY
DESTROYING : The DEMOCRATIC INFRASTRUCTURE and
The ECONOMIC INFRASTRUCTURE of The United States is an :
Act of TREASON
The Endorsement of Each
John McCain and Sarah Palin Supporter
BullS**t
Posted by johnfish7 at 05:28 PM : Oct 27, 2008
Read about McCarthy, it''s time the Republicans got off a 55 year old rant.
Posted by shortestfuse at 05:04 PM : Oct 27, 2008
Sorry, it''s been misproven up to 163,000 per year you save, even the GAO says so.
John McSame needs to be worried about Sarah Palin using the RNC CREDIT CARD TO REDISTRIBUTE RNC wealth from their republican Wall Street fatcats to filthy rich fashion designers in Paris, France.
7-year-old radio interview in which Barack Obama discussed the failure of the Supreme Court to rule on redistributing wealth in its civil rights rulings has given fresh ammunition to critics who say the Democratic presidential candidate has a socialist agenda.
The interview -- conducted by Chicago Public Radio in 2001, while Obama was an Illinois state senator and a law professor at the University of Chicago -- delves into whether the civil rights movement should have gone further than it did, so that when "dispossessed peoples" appealed to the high court on the right to sit at the lunch counter, they should have also appealed for the right to have someone else pay for the meal.
!!! BRILLIANT !!!
Must be the maverick in him...lol
No, just another republiCON idiot...
Let me guess the lazy are already in line to vote for this puppet. Maybe the less fortunate should start to work and start working. Less fortunate doesnt mean unable, it means people who have accepted it.
The NAZI Fascist Bush Crime Regime and
The Republican NAZI Fascist Party
Can not Get it Through Their Heads
They Have Been - EXPOSED - For WHO they Really Are and
WHAT they Really Are ! ! !
EMISSARIES of That -
That is :
THE DESTROYER - of - WORLDS
The Endorsement of Each
John McCain and Sarah Palin Supporter
A Repeat of The NAZI Fascist Bush Crime Regime
Accomplishments of :
JOB DESTROYERS __ WAGE PACKAGE DESTROYERS
WORKING MIDDLE CLASS AMERICA DESTROYERS
FAMILY UNIT DESTROYERS __ HOME OWNERSHIP DESTROYERS
ECONOMY DESTROYERS __ CREDIT DESTROYERS
DEMOCRACY DESTROYERS __ CIVIL RIGHTS DESTROYERS
WORLD PEACE DESTROYERS __ BANK DESTROYERS
INVESTMENT DESTROYERS
UNITED STATES SOVEREIGNTY DESTROYERS
UNITED STATES INDEPENDENCE DESTROYERS
ECONOMIC STRIFE That is Being used as a Weapon to :
ELIMINATE a DEMOCRACY and REPLACE IT With :
The Totalitarian Dictatorship of : A NAZI FASCIST RULE
Against : The Populace of the United States
Any Corporation or POLITICAL INFLUENCE __ That has Supported and Assisted in :
The Achievement of : PURPOSELY and INTENTIONALLY
DESTROYING : The DEMOCRATIC INFRASTRUCTURE and
The ECONOMIC INFRASTRUCTURE of The United States is an :
Act of TREASON
TREASON : The Endorsement of Each
John McCain and Sarah Palin Supporter
Lets see, last time McSame was involved with a bank or savings & loan it was known as the Keating 5, and the only people who lost money were investors; not Keating, McSame or his friends.
McSame brags about voting with Bush over 90% of the time on budget and the economy, but now suddenly turns a corner and sees the light?
Is that yet another McSame flip flop, or does he simply continue to sell his soul to the GOP base for votes, regardless of cost???
McCain October 2008: Oh no... Bush was a bad idea. Um, so is Palin... Gosh it''s getting hot in here. Better turn down the thermostat again. Hey turn down that noise ya dern kids!
So it is up to you ROB your KIDS or VOTE OBAMA
Turns out Samuel J. Wurzelbacher (alias McCain%u2019s %u201CJoe the Plumber%u201D)
doesn%u2019t have a plumber%u2019s license.
Nor did his boss know he was selling his own business to Sam (%u201CJoe%u201D)!
That business is apparently worth less than $100,000, nowhere close to the $250,000.00 %u201CJoe%u201D claimed it was worth in his conversation with Obama (in other words, he %u201Cmisspoke%u201D to us on camera).
Truth is, Samuel (%u201CJoe%u201D) makes about $40,000 a year, has a state tax lien from Ohio for nearly $1,200.00, a second lien for $1,261.00. Not being able to keep up with his own bills, he%u2019s buying a business, right?
The latest is, it turns out that good ol%u2019 Samuel (%u201DJoe%u201D) is a prominent figure on the local right-wing radio station, and a financial donor to the McCain campaign. He%u2019s also shown up on youtube rants attacking Social Security.
As %u201CJoe the Plumber%u201D shows, the media fantasy of Republican operatives is truly amazing!
These McCain operatives obviously believed they could sneak this by the American people, even in this day and age with the internet and 24/7 news cycles. And McCain still uses him as the centerpiece of his campaign speech!
Who would have thought?
no taxes in Alaska (no sales tax, no income tax),hundreds of millions in "socialist welfare" (including thousand dollar checks to all),
including the %u201CBridge to Nowhere%u201D (flip-flopping for it before she was against it!),
even hiring a D.C. lobbying firm to get millions while small-town mayor of Wasilla (pop. 7,000!),
paying for this %u201Cspreadin of the wealth" by boondoggling taxpayers from the %u201Cother 49%u201D for hundreds of millions (%u201CI spend, you pay!%u201D)
and slyly covering her trail by babbling on about %u201Cgovernment get out of my way%u201D in the debate with Biden!
Sarah got creative with her wardrobe, too, spendin lavishly on herself:
$4,716.49 on hair and makeup just through September,
$22,800.00 on makeup Oct. 1-15,
$5,102.71 at Bloomingdale%u2019s New York,
$9,447.71 at Macy%u2019s in Minn.,
$49,425.74 at Saks Fifth Avenue in St. Louis and NY
$75,062.63 in a whopping%u2019spendin spree at Neiman Marcus in Minneapolis (doggone it, she%u2019s goin upscale on us real fast!).
Then there%u2019s $21,012. for her three daughters%u2019 64 one-way and 12 round-trip commercial flights (paid by the state of Alaska, admirably provin Palin%u2019s credentials as an equal-opportunity biller)!
Republicans used to belittle former Sen. John Edwards%u2019 $400 haircut, but compared to Palin, that%u2019s chump change!
We didn''t donate enough to Gore''s & Kerry''s campaigns to help them defeat the Republican sleaze machine. They lost, and we, the people, lost big time - Republican-made disasters just keep on breaking down on us every day!
But we learned from that experience - today, more than 3 million citizens have donated between $5 and $100 to the Obama campaign.
By the sheer additive power of this huge public response, we have enabled Obama/Biden to wage this campaign, and to beat the sleaze machine of McCain/Palin/Rove & Fox News.
I am proud to be one of those contributors!
We, the American people, want and desperately need integrity back in our politics, and in our economy, and yes, we%u2019ve been digging deep into our pockets to help Obama & Biden achieve this goal!
We now have the great democratic privilege to vote, and to put an end to this sickening era. The politics of ploys, stunts, slime, sleazy robocalls, and culture wars, and Rupert Murdoch%u2019s Fox News, will be defeated in a landslide victory!
PITTSBURGH, Oct. 24, 2008 Latest Dirty Trick to Sway Election Backfires - Thwarted by Pittsburgh Police Dept: - McCain Worker Made Up Attack Story - PittsburghWoman To Be Charged With Making False Report After Claiming %u201CB%u201D Was Carved Into Face By %u201C6 Foot 4 Inch Tall Black Mugger%u201D .
A John McCain campaign volunteer made up a story of being robbed, pinned to the ground and having the letter %u201CB%u201D scratched on her face in a politically inspired attack, police said Friday. Ashley Todd, 20-year-old college student from College Station, Texas, admitted Friday that the story was false, police said.
Maurita Bryant, the assistant chief of the police department%u2019s investigations division, said Todd is being charged with making a false police report.
Todd worked in New York for the College Republican National Committee before moving two weeks ago to Pennsylvania, where her duties included recruiting college students, the committee%u2019s executive director, Ethan Eilon, has said. Eilon declined to comment on the investigation Friday or to help The Associated Press contact Todd.
This story reflects desperation, and shows the level at least this McCain campaign worker, (rogue, I would assume and hope!), was willing to sink to in the final pre-election push!!!
What exactly do you mean John?
McBush is deciding to break with the Great Emperor Bush only 8 days before the election which the polls are saying he may lose BIG TIME anyway!
Why McBush didn''t decide to break with the Great Emperor Bush 8 MONTHS ago, is a puzzle, but we are talking McBush here, not someone in complete possession of his faculties. I guess he was too tied up with trying to remember how many homes he had!
SIG HEIL, NOBODY LOVES ME!!!, BUSH!!!
sig heil, NOBODY LOVES ME EITHER!!!, McBush!!!
sig heil, NEIMAN-MARCUS LOVES ME!!!, Palin!!!
He just said yesterday that they both share the same philosophy.
We can''t afford more of the McSame...period.
a) was in the pocket of former Lincoln Savings & Loan president and convicted criminal Charles Keating;
b) was buddies with fellow convicted criminal Republicans Ted Stevens, Tom Delay, Scooter Libby, Bob Allen, Trent Lott, Jack Abramoff, Don Young, Larry Craig, Randy %u201CDuke%u201D Cunningham, Tom Feeney, Alberto Gonzoles, Bob Ney, Rick Renzi, Richard Curtis, Steven Griles, Mark Foley...etc;
c) accepted political donations from the Watergate convicted criminal G. Gordon Liddy;
d) picked a runningmate mired in scandal (Troopergate) and has acted "unethical" according to her own people - - and doctored expense reports to bilk her taxpayers;
e) gave up information to his communist captors in North Vietnam, whereas other American prisoners did NOT;
McCain has a lot to answer for. You can%u2019t call yourself a patriot while voting for criminals.
Fast Facts
1. Took partially responsibility for the Walter Reed controversy
2. Was criticized for comments about Chelsea Clinton in 1998
3. Was a member of the Keating Five
4. Cindy McCain has admitted to past drug addiction
5. Battled rumors that his adopted daughter Bridget McCain was the result of an affair
6. Denies reports of an inappropriate relationship with lobbyist Vicki Iseman
Seriously. John used to stand up for things early in the Bush administration. But he moved closer to Bush the last 2 years in all things: tax cuts to the wealthy, torture, the works. What happened to this man?
I just don''t get it.
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