Monday, November 3, 2008

McCain would bring economic doom

Manufacturing activity collapsed last month. Interest rates fell almost to zero. Deflation started to set in. These are signs of an impending depression, where monetary policy fails and spending is the only tool left in the toolbox.

John McCain's plan? Slash government spending when it's the only thing still propping up the economy. Keep the Bush tax cuts for the wealthy, perpetually robbing us of the fiscal balance needed to enable rebuilding.

Barack Obama's smart plans would limit the damage, while McCain and his ignorant Hoover-Bush policies would bring economic doom. Never have we had a clearer choice in front of us.