McCain talks tough on economy, wants SEC Commissioner fired

Wow...McCain is talking tough today. McCain said today that SEC Commissioner Christopher Cox, a former Republican Congressman who spent 17 years in the House, should be fired:

"The Chairman of the SEC serves at the appointment of the President and has
betrayed the public's trust," McCain said, reading deliberately from set remarks
at a rally in Cedar Rapids. "If I were President today, I would fire him."

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U.S. Tax Rates Compared to the rest of the world–a.k.a “U.S. Corporations are not the evil empire”

Below is a graph showing our tax rates compared to the rest of the industrialized world (taken from Wikipedia): Two things to note: Our personal income taxes are not as bad as some anti-tax zealots would have you believe…they are lower than most. Our corporate rates, however, are horrific. They are higher than any other industrialized country save Japan. Lesson to be learned: it’s easy for politicians to sell lower taxes for individuals. Much harder to sell lower rates for corporations. And very easy for liberals to paint corporations as getting off easy (the “big, bad conglomerate” schtick). However, it’s just not true. “Facts are stubborn things.” - John Adams

Negative ads

Questioner mentioned Gordon Smith's offer to stop negative ads on both sides. Merkley - "I don't have negative ads, I have ISSUE ads." Audience laughed - I don't think Merkley was trying to be funny. Bad moment for Merkley.

McCain...will put an end to greed?

In a sweeping statement reminicent of some of the things Barack Obama has said, Senator McCain said today at a townhall meeting: "We're going to reform how Wall Street does business and put an end to the greed that has driven our markets into chaos." My take: Whoa. Put an end to greed? While he's at it, why doesn't he end pride, envy and covetousness? I know he probably didn't mean what he said...but still...not the best use of the language I've ever seen.

Oregon Elephant

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