Maybe already posted, but...the interest rate part makes him seem unqualified to make economic decisions on his own.

http://www.youtube.com/watch?v=_1X3efvVTLA

9/7/2008 2:43:12 AM

Those words scroll too fast.

[Edited on September 7, 2008 at 3:20 AM. Reason : Lock?]

9/7/2008 3:18:42 AM

1) Presidents don't have that much effect on the general economy
2) Economic manipulation isn't in the job description of the POTUS
3) I'd rather have a president who was aware of his economic ignorance than one who was convinced of his brilliance. I think both candidates will defer to the experts.

As Will Rogers once said, "An economist is a man that can tell you . . . what can happen under any given condition, and his guess is liable to be as good as anybody else's too."

9/7/2008 4:26:42 AM

^What do presidents affect?

9/7/2008 5:15:33 AM

Ron Paul asking McCain an economics question:

9/7/2008 8:47:48 AM

Quote :

"^What do presidents affect?"

While congress is the ultimate body to enact legislation, the president can have a great amount of influence on fiscal policy (e.g. taxes, government spending, labor laws, ect)

Whether or not McCain himself was an econ undergrad is less important than the policies he plans to put forth to congress. From an economic standpoint, Obama's policies would be far more detrimental to our weakened economy than McCain's. For example, raising corporate tax rates, as proposed by Obama, would ultimately lead to less non-residential fixed investment, the lifeblood of productivity. This would have severe implications for future growth. Furthermore, corporate tax rates are ultimately borne by consumers, investors (i.e. over half the population with a 401k) and employees, so while it seems like Obama is just sticking it to those "greedy" corporations, he is really raising taxes on all of us. Higher corp rates would also make the U.S. a less attractive destination for foreign capital. In a time when we desperately need more foreign direct investment, higher corporate tax rates seem like an economically ignorant policy. Unfortunately, it is possible Obama has been advised of this, but has decided higher corporate rates are much more politically palatable than directly raising rates on the populace.


[Edited on September 7, 2008 at 9:17 AM. Reason : .]

9/7/2008 9:12:49 AM

Who appoints members to the Federal Reserve Board of Governors? I guess McCain would appoint what at least 2/7ths of the board. I really don't keep up with those things, just throwing that out there.

9/7/2008 7:58:36 PM

Quote :

"1) Presidents don't have that much effect on the general economy 2) Economic manipulation isn't in the job description of the POTUS 3) I'd rather have a president who was aware of his economic ignorance than one who was convinced of his brilliance. I think both candidates will defer to the experts. As Will Rogers once said, "An economist is a man that can tell you . . . what can happen under any given condition, and his guess is liable to be as good as anybody else's too.""

.

9/7/2008 8:04:07 PM

you either vote for the democrat who is going to blast your ass or you can vote for the republican who's blasting your ass

either way, politics is one big ass blast

9/7/2008 9:26:05 PM

^^but if you don't have a basic understanding of monetary policy...

the interest rate question did not require a grad degree in economics, i found it pretty scary after seeing all the hoopla about his economic plan and his stance on taxes

mccain in a sense, reminds me of colin powell, what a great potential leader who found himself on the wrong side of a bad administration

9/7/2008 11:23:36 PM