Thursday, July 10, 2008

McCain Is Taking Economics Lessons

The Presidential candidate who recently said economics is not one of his strong points appears to be taking lessons.

...on deep background, this senior McCain advisor told me I was correct: no cap-and-trade. In other words, this central-planning, regulatory, tax-and-spend disaster, which did not appear in Mac’s two recent speeches, has been eradicated entirely — even from the detailed policy document that hardly anybody will ever read.

So then I asked this senior official if the campaign has taken cap-and-trade out behind the barn and shot it dead once and for all — buried it in history’s dustbin of bad ideas. The answer came back that they are interested in jobs right now — jobs for new energy production and jobs from lower taxes. At that point I became satisfied. Even though a McCain presidency might resurrect cap-and-trade, it will be a much different format. More important, the campaign is cognizant of the conservative rebellion against it.
Good for McCain for working to fill the gaps in his knowledge base and adjusting his policies accordingly.

The fact that cap and trade is a dead horse is especially good. We are going to need abundant energy supplies to develop new ones.

H/T linearthinker

Cross Posted at Classical Values

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