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Fiscal Mantra for McCain: Less Is More
NYT ^ | January 26, 2008 | DAVID LEONHARDT

Posted on 01/26/2008 12:25:34 AM PST by a77

WEST PALM BEACH, Fla. — Senator John McCain said that, if elected, he would do what other presidents had tried but failed to do: cut government spending sharply enough to reduce the budget deficit while lowering taxes at the same time.

In an interview outlining his economic approach, Mr. McCain emphasized his experience working on economic matters in Congress and laid out an unorthodox version of conservatism. After initially opposing President Bush’s tax cuts, he has become a supporter of making them permanent and of pursuing additional tax reductions, saying they are the best way to encourage economic growth.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Editorial; News/Current Events; Politics/Elections; US: Florida
KEYWORDS: aliens; amnesty; business; conservatism; craziness; electionpresident; elections; fl2008; florida; gangof14; gop; hero; illegals; johnmccain; juanmccainez; keating5; mccain; mccainiacs; mcqueeg; republicans; rinos; shamnesty; taxes
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MCCAIN'S ECONOMIC POLICY ADVISORS

Grant Aldonas, Department of Commerce

Carlos Bonilla, Sr VP Washington Group
Jeff Brown, Associate Professor of Finance, Univ of Illinois
Juan Buttari, Independent Consultant and Researcher in Development Economics

Kathleen Cooper, Dean, College of Business, Univ Of North Texas
Steve Davis, CRA International And University Of Chicago Graduate School Of Business

Richard Dekaser, Senior Vice President And Chief Economist, National City Corporation
John Diamond, Edward A. and Hermena Hancock Kelly Fellow in Tax Policy, Baker Institute Of Public Policy, Rice University

Martin Feldstein, Chairman of the Council of Economic Advisers, President Reagan's Chief Economic Adviser, member of President's Foreign Intelligence Advisory Board
Emil Frankel, Transportation Consultant And Former Assistant Secretary For Transportation Policy, Department Of Transportation
Luke Froeb, Professor, Vanderbilt University

Senator Phil Gramm, Former U.S. Senator From Texas
Kevin Hassett, Resident Scholar And Director Of Economic Policy Studies, American Enterprise Institute(AEI)

Greg Jenner, Former Executive Vice President, American Council Of Life Insurers & Acting Assistant Secretary(Tax Policy), U.S. Treasury Department
David John, Senior Research Fellow, Heritage Foundation

Tim Kane, Director, Center for International Trade and Economics, Heritage Foundation
Melissa Kearney, Assistant Professor Of Economics, University Of Maryland

Anne Krueger, Professor At The Johns Hopkins School Of Advanced International Studies (SAIS) & Former First Deputy Managing Director, IMF
Adam Lerrick, Visiting Scholar For The American Enterprise Institute (AEI) And Friends Of Allan H. Meltzer Professor Of Economics For Carnegie Mellon

Phil Levy, Resident Scholar for the American Enterprise Institute (AEI) and Former Senior Economist for Trade on the President's Council of Economic Advisers
Will Melick, Gensemer Associate Professor of Economics, Kenyon College
Michael Moore, Professor Of Economics And International Affairs, George Washington University

Tom Miller, Resident Fellow for American Enterprise Institute (AEI)
Tim Muris, Foundation Professor, George Mason University School Of Law, Former Chairman of the Federal Trade Commission

Sean O'Keefe, Former Secretary Of The Navy, NASA Administrator, & Deputy Director Of Office of Management & Budget, The White House
Gerry Parsky, Senior Economic Advisor

Nancy Pfotenhauer, Former President, Independent Women's Forum
James Rill, Partner, Howrey LLP and Former Assistant Attorney General (Antitrust), U.S. Department of Justice

Kenneth Rogoff, Professor Of Public Policy, Harvard University
Harvey Rosen, Professor Of Economics And Business Policy, Princeton University
John Silvia, Managing Director, Chief Economist, Wachovia Bank

Aquiles Suarez, Vice President For Government Affairs For National Association Of Industrial And Office Properties & Former Special Assistant To The President For Domestic Policy
Dr. John Taylor, Professor Of Economics At Stanford, Senior Fellow At The Hoover Institution & Former Under Secretary Of Treasury

Anthony Villamil, Chief Executive Officer, The Washington Economics Group, Inc. & Former Under Secretary Of Commerce For Economic Affairs
Joseph Wright, Chairman Of The Board For Intelsat

Mark Zandi, Chief Economist For Moody's Economy.Com

1 posted on 01/26/2008 12:25:37 AM PST by a77
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To: a77
laid out an unorthodox version of conservatism...

...called "liberalism". :P

2 posted on 01/26/2008 12:31:57 AM PST by Darkwolf377 (Pro-Life atheist)
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To: a77

Well, I’m certainly ready to vote for McCain now.

...Yes, that’s sarcasm of the most extreme kind.


3 posted on 01/26/2008 1:01:23 AM PST by CitizenUSA
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To: a77

I believe I heard him say that he had Pete Petersen and Warren Rudman (Graham- Rudman -Hollings)from the Concord Group as Economic advisors at the debate(?). Did not see them on this list. Did he dump these tax and spend RINOS/LIBs for the time being ? FWIW Rudman was the sponsor of Souter to the Supreme Court during Bush I’s term.


4 posted on 01/26/2008 1:02:00 AM PST by Jan Hus
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To: a77
I believe him. He will do what he has done. Pelosi and co.’s wet dream. I like McCain as person, but detest him as a potential President.
5 posted on 01/26/2008 1:02:44 AM PST by kinoxi
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To: a77; All
And in a debate earlier this month, he said that he would stimulate the economy by cutting government spending, a move that economists say would have the opposite effect.

Apparently the Grey Lady only knows economists of the Keynesian variety -- notice the lack of the qualifying word "some" or "many" before "economists". My guess is, is that some of these Keynesians are so infatuated with the influences of the multiplier effect that they have no need to remember the equally real influences of dead-weight losses and the crowding out effect. Do Keynesians really believe in free lunches?

6 posted on 01/26/2008 2:04:20 AM PST by LowCountryJoe (Do class-warfare and disdain of laissez-faire have their places in today's GOP?)
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To: a77
How to Hunt Pork
7 posted on 01/26/2008 2:14:53 AM PST by EBH ( J. Galt for President)
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To: EBH

Nice read. Thanks for posting it.


8 posted on 01/26/2008 2:20:07 AM PST by LowCountryJoe (Do class-warfare and disdain of laissez-faire have their places in today's GOP?)
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To: LowCountryJoe

McCain economic advisors are NOT keynesians! Read the list here:

http://www.freerepublic.com/focus/f-news/1959838/posts?page=1#1

Feldstein, Rogoff, Hassett, Taylor, Rosen...


9 posted on 01/26/2008 2:21:49 AM PST by a77 (McCain for President)
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To: a77

What is your official title at McCain Headquarters? Speaking of that, I’ll take a Café Americano, two sugars, half & half with a cheese danish.


10 posted on 01/26/2008 2:26:53 AM PST by 2ndDivisionVet (Second To None!)
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To: 2ndDivisionVet

Now that your favourite candidate is no more on the list, who will you vote? Consider McCain, a proud conservative!


11 posted on 01/26/2008 2:30:21 AM PST by a77 (McCain for President)
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To: a77
McCain economic advisors are NOT keynesians! Read the list here:...

That was a total misread of my post by you. I am not attacking McCain's vision of spending cuts. I applaud spending cuts and think that McCain has shown a whole lot of spine on the campaign trail by saying things that cause moderate Republicans and all Democrats to feel uneasy (his not pandering to auto workers in Michigan was excellent). My post was going after the NYT and their obvious bias for more government.

12 posted on 01/26/2008 2:44:29 AM PST by LowCountryJoe (Do class-warfare and disdain of laissez-faire have their places in today's GOP?)
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To: a77; All

McCain Does Not Fit ‘Conservative’ Definition http://www.freerepublic.com/focus/f-news/1959721/posts

Meet the open borders family: McCain, Hernandez, Soros, and the “Reform Institute”
http://www.freerepublic.com/focus/f-news/1959724/posts

Keating Five http://en.wikipedia.org/wiki/Keating_Five

John McCain: The Manchurian Candidate
http://www.usvetdsp.com/manchuan.htm


13 posted on 01/26/2008 2:47:44 AM PST by 2ndDivisionVet (Second To None!)
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To: LowCountryJoe

Sorry, my friend. I’m a little tired...


14 posted on 01/26/2008 2:49:40 AM PST by a77 (McCain for President)
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To: Darkwolf377
I’ve posted what I am about to post on this site years ago, so here goes, again. I once highly respected John McCain. I remember watching Bob Dole’s acceptance speech at the 1996 GOP Convention. When Bob Dole mentioned something about corruption in government, the camera went to John McCain (who was Bob Dole’s National Chairman). I saw something in John McCain’s face (possibly guilt). Why that struck me and why it stuck with me for all of these years, is beyond me. There must be a reason. In addition, after all of the years that John McCain has gone against the party and fellow GOPers, I cannot support him.
15 posted on 01/26/2008 2:56:22 AM PST by GOP_Lady (I'm a MITTen!)
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To: a77
Sorry, my friend...

Not a problem.

You do realize, however, that McCain is generally unpopular with FReepers so it's going to be a tough sell and you will likely be met with jeers and taunts, so read carefully so you do not draw even more scorn. The fact that you're new (or have a new account) is going to be even more problematic.

Also, you may wish to write a lot less identically to how Senator McCain actually speaks...say, you're not him, are you?

16 posted on 01/26/2008 3:16:15 AM PST by LowCountryJoe (Do class-warfare and disdain of laissez-faire have their places in today's GOP?)
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To: a77
Nice try. Unfortunately, this little list hardly makes up for the fact he couldn’t form a coherent sentence on the economy during the last debate.

Warning: the following video of McCain is PAINFUL TO WATCH

Old man stammers aimlessly at debate. Audience embarrassed.

17 posted on 01/26/2008 3:41:35 AM PST by Dagnabitt (McCain-Kennedy: Largest Amnesty Betrayal Bill in History. Defeated by Patriots.)
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To: a77
Nice try. Unfortunately, this little list hardly makes up for the fact he couldn’t form a coherent sentence on the economy during the last debate.

Warning: the following video of McCain is PAINFUL TO WATCH

Old man stammers aimlessly at debate. Audience embarrassed.

18 posted on 01/26/2008 3:41:38 AM PST by Dagnabitt (McCain-Kennedy: Largest Amnesty Betrayal Bill in History. Defeated by Patriots.)
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To: LowCountryJoe

What has McCain ever done to generate business or jobs in America?

Answer: NOTHING.


19 posted on 01/26/2008 3:47:51 AM PST by Sir Francis Dashwood (LET'S ROLL!)
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To: Sir Francis Dashwood
I am not here to defend McCain on balance. And I am certainly not going to do be doing this with a protectionist FReeper who has very little understanding about how economies work and who has an unhealthy disdain for economic liberty and capitalism in general.
20 posted on 01/26/2008 3:54:22 AM PST by LowCountryJoe (Do class-warfare and disdain of laissez-faire have their places in today's GOP?)
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