Who’s the Laissez-Fairest of Them All?

As Democrats in Congress try earnestly to come up with better ways to boost the recession-bound U.S. economy and create jobs for out-of-work Americans, what does the presumptive Republican’t candidate for president say ought to be done? While “acknowledging that ‘many Americans are hurting,’” John “100 Years War” McCain tells The New York Times impotently that “lower taxes and less regulation would generate jobs.” No wonder AMERICAblog’s Chris Ryan sounds a bit perturbed:

Just as Bush ran on tax cuts and less regulation, McCain proves again that all he wants is a third Bush term. The same tax cuts and less regulation that got us in to this economic meltdown are the same tax cuts and less regulation that McCain thinks will cure all of our economic problems.

So to refresh everyone’s memory, the GOP handed out luxurious tax cuts to the richest Americans and look how well that worked out for everyone else. Stagnating wages for most Americans along with increasing inflation and even less stability. The GOP followed the marching orders from their wealthy lobbyist friends on Wall Street to open up new financial markets without traditional regulations and safeguards, and look how well that worked out for the rest of us. To listen to McCain talk about the issue that will surely be at the top of everyone’s list in November is quite revealing. He admits he has no clue about economics, and to regurgitate Phil Gramm talking points only shows how incapable he is to face the economic turmoil that we will face in the coming years. We tried this GOP experiment and it failed miserably for everyone outside of Big Oil and the corporate boardrooms.

READ MORE: “McCain Is Mr. ‘No New Taxes’--Except When He Isn’t,” by Steve Benen (The Carpetbagger Report).