John McCain, the Republican nominee vying for the Presidency, just lost another wheel on his "Straight Talk Express". In other words another one of his many flip flops.
Last September, McCain refused to sign a no new tax pledge offered by the Conservative Americans for Tax Reform. Now, McCain is saying that there would be "no new taxes" under any circumstances if he is elected President. McCain also told ABC that he could see an argument if our economy continues to deteriorate, for lower interest rates, lower tax rates, and certainly decreasing corporate tax rates, as well as giving people the ability to write off depreciation and eliminating the alternative minimum tax.
McCain and his party have presided over the largest deficit spending administration in our history, one recession, another recession possible, tax reductions that favored the most wealthy, and an economy that is losing jobs and yet McCain is ready to do the same again if the economy continues to deteriorate. It is the same dose of medicine that Bush has pushed through Congress and has failed to produce a sustained economy.
Republicans lack a true economic policy to deal with our fiscal and economic well being. They are still in a state of denial called "trickle down economics" and are locked in a time warp by the name of Reaganomics. McCain's latest comments show how little he is informed on economic and fiscal issues. This is the same McCain who said it would be okay for our troops to be in Iraq for another 100 years. McCain used to be a maverick, in opposition to the Bush tax cuts and the failed economic policy, but now he is losing another wheel and falling in line with the failed conservative ideology that has been proven to fail America and its people.
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