25 Sep 08 McCain Clueless About Economy
John McCain doesn’t understand how Wall Street works, and he never did. Check out the stupid lie he told during the GOP Candidates’ Debate:
Crooks and Liars knows how clueless McCain is about economics:
http://www.crooksandliars.com/2008/09/25/how-is-john-mccain-going-to-help-solve-the-financial-crisis/
BARTIROMO: Sen. McCain, has Federal Reserve Chairman Ben Bernanke cut interest rates aggressively enough?
Has Ben Bernanke cut interests rates aggressively enough?
McCAIN: I’m not…I’m not…I don’t have that kind of expertise to know exactly whether he has cut interest rates suffiently or not. I’m glad that whenever they cut interest rates. I wish interest rates were zero.
Just in case you’re not sure what that really means, zero percent interest rates would bankrupt every financial institution in America. Zero percent interest rates would bankrupt our government too. Try telling the IRS you shouldn’t have to pay interest on your late tax payment because McCain told you he wants all interest rates to be zero, and see how far that gets you. On second thought, don’t do that, people who refuse to pay the IRS end up in jail.
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