Author:
Jukebox John keeps changing his tune
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Date Posted: 06:15:33 10/31/08 Fri
In reply to:
Was it $250,000 or $200,000 or $150,000
's message, "Re: I have made my mind up" on 01:33:18 10/31/08 Fri
John McCain initially argued that economics is not an area of expertise for him, saying, “I’m going to be honest: I know a lot less about economics than I do about military and foreign policy issues; I still need to be educated,” and “The issue of economics is not something I’ve understood as well as I should.” He now falsely denies ever having made these remarks and insists that he has a “very strong” understanding of economics.
McCain vowed, if elected, to balance the federal budget by the end of his first term. Soon after, he decided he would no longer even try to reach that goal. And soon after that, McCain abandoned his second position and went back to his first.
McCain said in 2005 that he opposed the tax cuts because they were “too tilted to the wealthy.” By 2007, he denied ever having said this, and falsely argued that he opposed the cuts because of increased government spending.
McCain pledged in February 2008 that he would not, under any circumstances, raise taxes. Specifically, McCain was asked if he is a “‘read my lips’ candidate, no new taxes, no matter what?” referring to George H.W. Bush’s 1988 pledge. “No new taxes,” McCain responded. Two weeks later, McCain said, “I’m not making a ‘read my lips’ statement, in that I will not raise taxes.”
McCain was against massive government bailouts of “big banks” that “act irresponsibly.” He then announced his support for a massive government bailout of Fannie Mae and Freddie Mac.
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