Dont answer that.
I know I was planning on to keep this blog focused on specific issues, but I just can't help myself.
John McCain has just released another negative ad. Surprise, surprise. Though it is already known that economics is not his strong point, the stupidity of the latest ad (which I had hoped to post or put a link to but could not find) is nothing short of astonishing.
The woman narrator (courting Hillary's votes, are we?) states: "The real Obama promises higher taxes, more government spending -- so, fewer jobs." Can anyone who has studied macroeconomics for a week point out whats wrong with this statement? No, well consider the following:
GDP = Consumer Spending + Investment + Government Spending + Net Exports - (Savings + Taxes)
McCain might be right about the taxation meaning fewer jobs, though if this tax revenue is spent in an effective manner it will *shock* create jobs. So why did his campaign state that government spending has a negative effect on employment? Is he really that foolish or does he think we are?
He must be a fool and take us for one if he thinks he can make Obama's popularity seem like a negative thing. God those ads are annoying. And I'm not even an Obamamaniac.
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