"Utter Incoherence"

Ouch:

But as McCain tries to balance the tattered libertarianism of Reaganomics with the financial exigencies of the moment, he and his campaign have moved beyond inconsistency into utter incoherence. He vows to balance the budget while also cutting corporate taxes and making permanent the Bush tax cuts for the rich -- even though the rich and corporations made out like bandits during the Bush "prosperity," while everyone else's incomes stagnated. McCain squares this circle by vowing to cut entitlements, a move that would reduce, rather than enhance, consumer purchasing power at a time of economic downturn (or any other time, for that matter).

Whether Americans are even experiencing a downturn has been a matter of some dispute in the McCain camp, since former senator Phil Gramm, until last week one of McCain's chief surrogates on economic issues, deemed America a nation of "whiners" mistaking subjective insecurity over the economy for an objective economic fact.

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