McCain Economic Policy, Plumbing, and Beer

McCain Economic Policy, Plumbing, and Beer

Yesterday John McCain met with three “economic advisors” — two out-of-work Republican officials and a retired e-biz executive — to refine his economy policy measures. While disgraced McCain advisor Phil Gramm wasn’t there, the same old “trickle-down” economic theories were: tax cuts for the ultra-rich, corporate and capital gains tax cuts, first-year expensing of equipment purchases, and other big-business boondoggles.

The tired old idea is that if you cut taxes for the rich, benefits will “trickle-down” to working folks. Cut taxes for, say, Hensley and Company, third-largest U.S. Anheuser-Busch distributor, and Chairman of the Board Cindy McCain will use the tax savings to expand operations and distribute more beer, creating a need for more urinals and more work for Joe the Plumber. Hensley and Company won’t invest the tax savings in real estate deals or hedge funds, creating more paper wealth and higher prices instead of more jobs, even though some of the new tax cuts would encourage this. Oh no. Of course not.

McCain’s policy is the same old “trickle-down” economics, and it’s not even on Flowmax.

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com.

One Response to “McCain Economic Policy, Plumbing, and Beer”

  1. Trickle Treat! « NotionsCapital Says:

    […] better way to demonstrate the McCain economic policy, a continuation of the great tradition that has made it possible for middle class Americans, even […]

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