Wednesday, October 8, 2008

Ouch!

With friends like these, who needs enemies? Conservative columnist Rich Lowry writes a tough new column about John McCain's lack of coherence on economic policy.

McCain has to meet a higher standard. Not having a compelling economic message before the financial crisis hit was malpractice; now it's madness. McCain's pet causes of bipartisanship and earmark reform don't qualify as such a message. Bipartisanship is an empty concept; the parties can unite just as easily to pass foolhardy laws as necessary ones. Meanwhile, only John McCain would -- as he did in the first debate --steer a discussion about a complex global credit crunch onto earmarked federal spending for bear DNA research.

McCain has suffered from his own manifest lack of interest in economic issues. He was chairman of the Senate Commerce Committee for four years, but you'd never know it. He repeatedly misstates his only real tax proposal for the middle class, an increase in the dependent exemption. Often, he calls it a credit. In the first debate, he called it a dividend. He might as well lurch into Tina Fey territory and call it that "hoozie-what's-it." Most voters probably didn't even know that McCain had a (creative) health-care plan until Obama began lambasting it.

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