March 27th, 2008

The Economy Needs Bold Action, Not Partisan Attacks

file under Fred Malek, John McCain - Fred Malek @ 11:21 am
Comments Off on The Economy Needs Bold Action, Not Partisan Attacks

John McCain gave a masterful speech on the economy this week.

Masterful because McCain’s plan would, in his words:

“ ….strengthen the foundations of the millions of businesses small and large that provide jobs for American workers. There is no government program or policy that is a substitute for a good job. These steps would also strengthen the U.S. dollar and help to control the rising cost of living that hurts our families.”

Naturally, Barack Obama and Hillary Clinton immediately attacked him.


“John McCain has said that he doesn’t understand the economy as well as he should, and yesterday he proved it in the speech he gave about the housing crisis.”

Hillary Clinton:

“It sounds remarkably like Herbert Hoover, and I don’t think that’s a good economic policy.”

Ad hominem attacks aren’t the way to get the economy moving in the right direction again.

Bold action will — the kind of steps Sen. McCain would take, such as:

  • keeping taxes low on our families, entrepreneurs, and small businesses
  • making the tax code simpler and fair by eliminating the Alternative Minimum Tax
  • improving the ability of our companies to compete by reducing our corporate tax rate
  • providing investment incentives and controlling rising health care costs

As someone with a lot of practical business experience, I see first-hand everyday how much these sound policies are needed.

It’s fine to debate policy. I enjoy a good discussion, most especially with my political adversaries, about the direction our country should be headed in. I’m confident that our side will win each debate, on the merits. But let’s leave it at that – a debate over tactics and strategy, not personality.

Sen. McCain is right in saying, “I will not play election year politics with the housing crisis. I will evaluate everything in terms of whether it might be harmful or helpful to our effort to deal with the crisis we face now.”

I hope the other candidates follow his example.

Meantime, you can see part of McCain’s speech in this Associated Press YouTube video.

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