McCain: Obama, Reid, Pelosi "A Dangerous Threesome"
(CLEVELAND) – Calling Barack Obama, Harry Reid, and Nancy Pelosi "a dangerous threesome" when it comes to reviving the economy, John McCain came out in opposition to any further economic stimulus package today.
"They believe that $1 trillion of rescue financing is not enough, and have already proposed another $300 billion spending spree they are calling a stimulus plan," McCain said after meeting with his top economic advisers here this morning. "I would rather give the great American middle class additional tax cuts and let you keep that money and invest it in your future."
He also continued to try and separate himself from President Bush, while criticizing Democratic tax plans.
"This is the fundamental difference between Sen. Obama and me. We both disagree with President Bush on economic policy. The difference is that he thinks taxes have been too low, and I think that spending has been too high," McCain said.
"My approach is to get spending under control and cut taxes to encourage individuals to invest in our markets or buy a home, and to encourage businesses to hire more workers. Sen. Obama's approach is to radically increase spending, and then raise taxes to pay for it."
Obama will continue to make the argument later today that McCain's economic plans are no different than the current administration, citing McCain's vote for the Bush tax cuts.
"When it comes to the economy – when it comes to the central issue of this election – the plain truth is that John McCain has stood with this president every step of the way. Voting for the Bush tax cuts for the wealthy that he once opposed. Voting for the Bush budgets that spent us into debt," Obama will say, according to excerpts released by his campaign.
"After 21 months and three debates, Sen. McCain still has not been able to tell the American people a single major thing he'd do differently from George Bush when it comes to the economy."