The Wonk Room

McCain Claims His Iraq Plan Will Help The Economy

war-economy.jpgYesterday, at a predominately supporter-attended town hall meeting in Milwaukee, Wisconsin, Sen. John McCain was asked some tough questions about the “central tenets” of his campaign. One question, centered around the Iraq war and the American economy, was particularly poignant:

Q: No surrender and not being willing to negotiate, how is that going to help our economy going further?

McCain: Let me put it this way, there would be catastrophic consequences. I would like to assure you, ma’am, no one hates war more than a veteran. I know war. I hate war. I believe that our economic difficulties can be addressed. I also believe that by winning in Iraq, that will reduce those costs.

Only by leaving Iraq would we be much better equipped to “address” the difficulties of the American economy — mostly because we won’t be spending $200 million per day to fight an unnecessary war.

But does McCain have any intention of getting us out of that mess? McCain has professed his express intention to stay in Iraq for another 100 years if we have to. His Bush-esque rhetoric also remains consistent: “stay the course” in Iraq and “expand defense spending.”

Starting back in 2002, before the American invasion, economists predicted that waging a war in the Middle East would make the US budget deficit soar. In January, the Congressional Budget Office estimated that the US deficit is estimated to amount to $219 billion — $56 billion more than last year — by the end of 2008. This does not include the $165 billion check that Congress just wrote for additional war funding.

At the end of the day, John McCain believes that sustaining a war that could conceivably cost American taxpayers $200 million/day x 365 days/year x 100 years would help the economy. He must really not know much about the economy.






2 Responses to “McCain Claims His Iraq Plan Will Help The Economy”

  1. osage Says:

    McCain has no idea what a gallon of milk, a dozen eggs or a cup of coffee costs today. He travels in his wife’s corporate jet, lives in eight or nine houses, he doesn’t remember how many houses they have for sure, and he believes that an “argument can be made that Americans are better off today” than they were before Bush came into office. The only reason John McCain is the “default” presidential Republican candidate is that the men he ran against divided the right wing conservatives and neo-cons and allowed him to sneak by because he was less extreme than they were. In effect, the Republican Party divided and conquered itself. McCain will get no more than 200 Electoral votes and will lose the popular vote to Obama by double digits. The fact that he is an arrogant, rich, clueless opportunist who wants to make decisions, but doesn’t want to take the time to do the homework himself and actually learn how policies effect people, is irrelevant because he hasn’t got a shot in hell of winning th presidency anyway. The Republcans are going to stay home rather than vote for John McCain, and Barack Obama is going to smarten up America again after eight years of Bush Republicans dumbing them down.


  2. Mugsy Says:

    Iraq was always viewed as a giant “economic Petri dish” by this Administration, believing that turning over to unbridled Capitalism would turn Iraq into a “Democratic utopia in the heart of the Middle East”. Instead, we got a dysfunctional economic basket case that dissolved into civil war (and nearly doing the same here at home).



Jump to Top

About Wonk Room | Contact Us | Terms of Use | Privacy Policy (off-site) | RSS | Donate
© 2005-2008 Center for American Progress Action Fund
image Register imageimageRSSimageimage imageimage
image
Latest Posts

Advertisement

Issues

Alerts

image
Sign up for Wonk Room Alerts



image
Visit Our Affiliated Sites

image image
imageTopic Cloud


imageArchives


imageBlog Roll


imageAbout Wonk RoomimageimageContact UsimageimageDonateimage