John McCain
Town Hall and Press Avail
Inez, KY 04/23/08
TRANSCRIPT:
QUESTIONER: " . . . with the recent recession that's being discussed . . . if America were to go into a recession, what is your plan, once in office, to bring us out of it?"
JOHN MCCAIN: " . . . my friends, I believe we are in a recession. I think the numbers indicate that. And I will be glad to discuss the technical aspect of what's a recession or not technically a recession. But I think the reality is and I don't have to tell you here, that American families are hurting. Tonight . . . or this morning, they were sitting around a kitchen table trying to figure out how they're gonna keep their home, make their payments, which have jumped, through no fault of their own. How they're gonna afford healthcare. How they're gonna keep their job. Many of them have had a recent and sudden loss of a job and Americans are hurting today. So let's start out with acceptance of the fact that action has to be taken. I believe that we need to do a lot of things . . . let me just tell you one of the real quick, short term things. I think you know that the price of oil just went up over $118 a barrel . . . I think you probably know . . . that 18 cents out of every gallon of gas that you put in your tank, uh, goes to the federal government in the form of a gas tax . . . why don't we give you, between Memorial Day and Labor Day, a tax holiday [applause] . . .? Is it a huge thing? No. . . . but it might make you go a little further, maybe take an extra trip . . . by the way, on that, the fascinating thing to me, the special interests in Washington greeted that proposal as the end of Western Civilization as we know it. [laughter] . . . we might not be able to construct that $233 million bridge to nowhere in Alaska [applause] . . . the point is that we need, I'd like to have that. Americans are going to have lower taxes and less burden on them . . . there's a thing called a capital gains tax that . . . a hundred million people have a mutual fund or pension . . . Sen. Obama wants to double those taxes on you . . . I want to cut that tax . . . I want to make sure that every student . . . has access to a student loan if they need it, if they've earned it [applause] . . . there are millions of Americans in danger of losing their homes . . . I want to give them a chance to stay in their home . . . they can go down to the post office, apply for an FHA loan that's a thirty year guaranteed loan . . . at the end, when we come out of this recession and we will because I believe that the fundamentals of our economy are good . . . Sen. Clinton wants the government to make the decisions for you on your healthcare, I want the families to make the decisions on their healthcare [applause] . . . I don't think anyone who wants to increase the burden of government regulation and higher taxes has any real understanding of economics and the economy and what is needed in order to ensure the future of this country [applause] . . . government spending has gotten out of control, it's outrageous and it is one of the major factors in causing this economic recession that we are in today and I will stop it. I will stop it. [applause] . . . I will eliminate every pork barrel project that comes up. I have never asked for an earmark or pork barrel project for my state . . ."
LABEL: JM KY 4-23 (JC#125) GIEZZ - ClipA
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So Mr. McCain, your policy is create an artificial boom in the gas and housing market,
soicuw 2 years ago
Interesting. His proposals for an economy in a recession: gas tax holiday (gimmick, plus gas prices now falling), eliminate capital gains (helps rich CEO's cashing in stocks and taking half their income in the form of dividends and stock options, but doesn't help me. I just have regular income), and my favorite, Government backed home loans.
WOW! Thanks, but no thanks on McCain.
CheckRaise1972 3 years ago