With less than a month to go before the presidential election and the current financial crisis seeming to get worse every day, one would think that both candidates would try to come up with the best way to solve this problem. But despite Republican leaders’ frustration with John McCain’s current economic message, he has refused to consider any new proposals.
NY Times: Despite signals that Senator John McCain would have new prescriptions for the economic crisis after a weekend of meetings, his campaign said Sunday that Mr. McCain, the Republican presidential nominee, would not have any more proposals this week unless developments call for some.
The signs of internal confusion came as the campaign was under pressure from state party leaders to sharpen his message on the economy and at least blunt the advantage that Democrats traditionally have on the issue in hard times. Republicans have grown fretful as Senator Barack Obama, the Democratic presidential nominee, has edged ahead in polls three weeks before the election, while Mr. McCain has veered between ill-received economic plans and attacks on Mr. Obama’s character…
On Saturday, his advisers were considering a range of economic ideas, one indicated. On Sunday, on the CBS News program “Face the Nation,” Senator Lindsey Graham of South Carolina, a confidant of Mr. McCain, confirmed a report on Politico.com that Mr. McCain was weighing proposals to cut taxes on investors’ capital gains and dividends. “It will be a very comprehensive approach to jump-start the economy,” Mr. Graham said, “by allowing capital to be formed easier in America by lowering taxes.”
But McCain advisers later said they did not know why Mr. Graham said that. One noted that Mr. McCain’s economic plan already would cut capital gains and dividend tax rates, by extending President Bush’s 2003 tax cuts. At the phone bank, Mr. McCain declined to answer a question from a reporter about what he was considering.
“We do not have any immediate plans to announce any policy proposals outside of the proposals that John McCain has announced, and the certain proposals that would result as economic news continues to come our way,” said a campaign spokesman, Tucker Bounds. Mr. McCain’s policy adviser, Douglas Holtz-Eakin, said, “I have no comment on anything, to anybody.”
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