Friday, October 31, 2008

McCain economic advisor: McCain is an idiot

As Andrew Leonard writes, Martin Fieldstein went way off message.

Here is a definitive reason why John McCain is the wrong choice for President, right now, provided by one of McCain's own economic advisors, Martin Feldstein.

Martin Feldstein has impeccable conservative credentials. He was chairman of the Council of Economic Advisors under Ronald Reagan. He is as opposed to raising taxes as any supply-sider could be. But on Wednesday, he wrote an opinion piece for the Washington Post advocating a massive economic stimulus plan. There's no time to wait, he wrote. Whoever wins the election will still be a current senator who can immediately propose legislation.

This line, in particular, jumped out:

The president-elect should focus on developing a mechanism for identifying and funding spending initiatives that can occur quickly and that would otherwise not be done.

Now let's recall McCain's answer to the very first question at the first debate: How would you deal with the financial crisis?

How about a spending freeze on everything but defense, veteran affairs and entitlement programs?

His answer was no accident. He's spent his entire career in the Senate lambasting government spending. And just this morning McCain told Larry Kudlow on CNBC that one of the ways he would restore health to the stock market would be to "cut spending."

John S. McCain must not be President of the United States. His own advisor says so.

UPDATED to correct spelling. Ugh.

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