Mc Cain surrogates define economic philosophy

Mc Cain being out of touch with the economy is personified, literally by who he hangs out with. It's no secret his campaign staff is a who's who of DC lobbyists. But the kicker is Mitt Romney and Carly Fiorina and Phil Graham.

I have nothing against making money. I understand that wealthy people need to invest to get the ball rolling. But those three represent everything that is wrong with capitalism. Mitt made a lot of money, and a lot of people lost their jobs. Fiorina was rewarded after driving HP into a hole for laying off thousands. These 2 operate from the top down. What's good for the shareholders is the only concern. It's not acceptable to me that these 2 made out like bandits by screwing hard working Americans.

Phil Graham as Senator was instrumental in the deregulation of the banking industry. Claiming that protections enacted in the 1930's were out of date. Those laws were enacted after the Great Depression, to prevent an event like that from happening again. Of course our economy has a ways to go to reach that level but it would seem apparent that without those regulations from the 30's the result will be the same. 70 years later, many of those regulations prevented banks from collapsing or in need of bailout. The irony is, Fannie and Freddie are now basically a giant government entity that controls a vast majority of mortgages. That's socialism folks. See what happens when the pendulum swings too far?

I hope I don't need to remind people that Graham is the advisor to Mc Cain and thinks we've become a nation of whiners suffering from a mental recession.

The popular name for this philosophy is trickle down economics. Give more to the wealthy, or rather let them keep more of their money and they will invest, create jobs etc. It might work but not without worker protections and sane trade policies that protect jobs and encourage businesses to stay here. It doesn't work. The proponents of this theory claim that we've had a period of good economic growth, a boom if you will. Now, they assure us, we're going through a bust cycle. I think it's obvious to most people this cycle sucks for a lot of hard working Americans. Deregulation and capitulating to corporate interests alone, our federal government created a huge mess. It is wiser to regulate industry to best serve the consumer and labor than it is to just throw money at something and hope it sticks.

Mc Cain began his Senate career rather dubiously being involved in the Keating 5 scandal. Another tax payer bail out for one of Senator Mc Cain's cronies. He's railed against pork barrel spending. That's nice but really insignificant. Pork projects usually only take up a small portion of the budget. I'm all for saving money but let's remember something too. Pork creates jobs. Pork also includes funding for things like Amtrack. It's really just a gimmick of his and hypocritical at that. He's supported plenty of wasteful spending the past 7 years and done next to nothing to look into it. At one time, Mc Cain claimed Bush's tax cuts during a time of war were irresponsible. Now he supports them, at least he says he does. He has promised not to raise taxes but also thinks everything has to be on the table. You can't trust what he says anymore so you have to look at the people he surrounds himself with to understand his economic leanings.

These guys don't get it. They complain about doling out welfare to people, but when their "free" market fruit ripens they'll bail out a corporation without batting an eye. Time and again trickle down economics ultimately causes a massive government hand out. Obama understands that the economy works best from the middle class up. Instead of Congress consenting to corporations reneging on their pensions they should have demanded the company be dissolved if necessary and the pensions honored. Instead of just shrugging their shoulders and accepting that these people had to be royally screwed after years of dedicated service for the sake of the shareholders and the good of the market. Instead of firing air traffic controllers on strike, government should have stood up for labor. This cycle has to be broken.