Monday, November 3, 2008

Economist made the right choice

Sir -

I have been hoping that the Economist would not endorse John McCain. Self-admittedly ignorant of economics, he would slash federal spending when consumer spending has already collapsed. He would also retain George Bush's lopsided tax cuts, robbing us of the fiscal breathing room needed to maintain stimulus now and to lay the foundation for a stronger economy after the recovery. If, as many fear, we are falling into an abyss with respect to liquidity and demand, these plans would be disastrous.

Barack Obama has proposed more sensible policies than Mr. McCain on economics and across the board. I am delighted that you have endorsed Mr. Obama, and that you have done so "wholeheartedly."