John McCain's Economic Doozy of the Day - Chapter 1
Posted by Michael Cohen
Inspired by Max's post below on John McCain's new economic plan I decided to take a few minutes and read it myself. Let me just say, it's gobsmackingly good! Chock full of doozies. But instead of writing a long post about "the plan" I've decided instead to anthologize it. Truly it will be the gift that keeps on giving.
In today's edition; let's examine how John McCain intends to fight higher oil prices:
John McCain believes we should send a strong message to world markets. Under his plan, the United States will be telling oil producing countries and oil speculators that our dependence on foreign oil will come to an end – and the impact will be lower prices at the pump.
Huh? How does this work exactly - John McCain travels to Riyadh and tells the Saudis "we're done with you" and magically oil prices drop. Maybe he should head to Pakistan next and tell the remnants of Al Qaeda "we're not afraid of you any more" and magically the threat from jihadist terror will disappear.
And call me crazy, but doesn't the United States actually need to start weaning itself off foreign oil before oil producing countries you know . . . take us seriously. There is not a single serious idea in this plan for how a McCain Administration would actually end US dependence on foreign oil.
The even funnier part about this is that the centerpiece of McCain's plan is to suspend the 18.4 cent gas tax, which actually does nothing to end our reliance on foreign oil. If anything, it strengthens it! Even more bizarre, McCain doesn't even mention his own new-found support for offshore oil drilling. As for conservation . . . not so much.
The next time John McCain says that Barack Obama is all words I'm going to stand in a puddle and stick my finger in a light socket.
Update: I hate mea culpas as much as the next guy, but when you're wrong you have to admit it - and I pulled a doozy of my own. The section is italics is simply wrong; McCain has a rather detailed plan for ending dependence on foreign oil - the Lexington Project, which I just blanked on. I should have just stuck with the first part of my post, which though snarky is correct. So now I'm really going to go stick my finger in that light socket. I think I earned it.
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