He’s not so hot at….
In his speech McCain proposed that the United States expel Russia from the G8, the group of advanced industrial countries. Moscow was included in this body in the 1990s to recognize and reward it for peacefully ending the cold war on Western terms, dismantling the Soviet empire and withdrawing from large chunks of the old Russian Empire as well. McCain also proposed that the United States should expand the G8 by taking in India and Brazil—but pointedly excluded China from the councils of power.We have spent months debating Barack Obama’s suggestion that he might, under some circumstances, meet with Iranians and Venezuelans. It is a sign of what is wrong with the foreign-policy debate that this idea is treated as a revolution in U.S. policy while McCain’s proposal has barely registered. What McCain has announced is momentous—that the United States should adopt a policy of active exclusion and hostility toward two major global powers. It would reverse a decades-old bipartisan American policy of integrating these two countries into the global order, a policy that began under Richard Nixon (with Beijing) and continued under Ronald Reagan (with Moscow). It is a policy that would alienate many countries in Europe and Asia who would see it as an attempt by Washington to begin a new cold war.[...]
To reorder the G8 without China would be particularly bizarre. The G8 was created to help coordinate problems of the emerging global economy. Every day these problems multiply—involving trade, pollution, currencies—and are in greater need of coordination. To have a body that attempts to do this but excludes the world’s second largest economy is to condemn it to failure and irrelevance. International groups are not cheerleading bodies but exist to help solve pressing global crises. Excluding countries won’t make the problems go away.
Nor the economy:
Mr. McCain’s plan would appear to result in the biggest jump in the deficit, independent analyses based on Congressional Budget Office figures suggest. A calculation done by the nonpartisan Tax Policy Center in Washington found that his tax and budget plans, if enacted as proposed, would add at least $5.7 trillion to the national debt over the next decade.
Fiscal monitors say it is harder to compute the effect of the Democratic candidates’ measures because they are more intricate. They estimate that, even taking into account that there are some differences between the proposals by Senators Hillary Rodham Clinton and Barack Obama, the impact of either on the deficit would be less than one-third that of the McCain plan.
The centerpiece of Mr. McCain’s economic plan is a series of tax cuts that would largely benefit corporations and the wealthy. He is calling for cutting corporate taxes by $100 billion a year. Eliminating the alternative minimum tax, which was created to apply to wealthy taxpayers but now also affects some in the middle class, would reduce revenues by $60 billion annually. He also would double the exemption that can be claimed for dependents, which would cost the government $65 billion.
“High tax rates are driving many businesses and jobs overseas — and, of course, our foreign competitors wouldn’t mind if we kept it that way,” Mr. McCain said, laying out his economic plan this month in Pittsburgh. “We’re going to get rid of that drag on growth and job creation.
Tax cuts spur economic growth? When have we heard that one before?
Just sayin’, I actually think that he’d be a bigger disaster than Bush was.
Venezuela’s in the axis of evil now?