Oops guess there is no new economic plan.
No New Economic Proposal Expected From McCain
"We do not have any immediate plans to announce any policy proposals outside of the proposals that John McCain has announced, and the certain proposals that would result as economic news continues to come our way," said a campaign spokesman, Tucker Bounds. Mr. McCain's policy adviser, Douglas Holtz-Eakin, said, "I have no comment on anything, to anybody."
Rarely have presidential campaigns had to react so close to an election to so serious a crisis as the global economic panic. Both candidates are struggling to look like leaders, without impeding the efforts of those in charge. By nearly all accounts and in recent polls, Mr. Obama has received higher marks for projecting calm and consistency while Mr. McCain has been criticized as flailing.
"At this point I don't think McCain can say anything on the economy that will sound credible," said Bruce Bartlett, a former economic adviser to President Ronald Reagan and President George Bush.
Mr. McCain continued to draw criticism for his announcement last week that, as president, he would have the Treasury buy troubled mortgages at face value and give qualified homeowners instead government-guaranteed, low-interest mortgages based on their residences' reduced value. After first saying lenders would pay the difference, the next day the McCain campaign said taxpayers would.
On the ABC News program "This Week" on Sunday, the second-ranking House Republican leader, Representative Roy Blunt of Missouri, suggested, as the Obama campaign has, that the McCain mortgage proposal was unnecessary because the concept was "essentially in several pieces of law already" and wrong to leave taxpayers with the cost.
"Somebody needs to take the loss here, and it needs to be the person that had the bad judgment of making that loan, of buying those poorly put-together mortgage-backed securities," Mr. Blunt said. "It shouldn't be loss borne by the taxpayer."
http://mobile.nytimes.com/article;jsess ... 0&f=21&p=1
You can't go after your opponent being a big government-tax-n-spend lib, when you are a big-government-spend-n-borrow "whatever" because you can't call this man a conservative by a long shot. Forget the taxing to pay the bill, let's just spend-n-borrow. Spending and borrowing from other countries to pay for it is so much better than paying ourselves.
