On Wednesday, the New York Times performed an election year public service with an analysis that was part history lesson and part thought exercise. Taking the example of the S&P 500 going back to Herbert Hoover, the Times rightly concluded that the Democratic Party "has been better for American pocketbooks and capitalism as a whole." […]

After days of conflicting rumors from his own campaign, John McCain emerged Tuesday to offer his new, new plan for the economy. While parroting Barack Obama's proposals to Monday to end taxes on unemployment benefits and a temporary reduction in the tax rates on IRA withdrawals, the centerpiece of McCain's latest economic policy spasm is […]

Over the past two weeks, John McCain has learned the hard way that economics is called the "dismal science" for good reason. Plummeting in the polls as the meltdown of the global financial system exposes voters to his admitted ignorance of the economy, McCain is also being rejected by economists as well. As it turns […]

For the second time in two decades, John McCain and Alan Greenspan find themselves jointly linked to a major crisis in the American financial system. The New York Times' stinging rebuke of Greenspan Friday for his role in helping trigger the current Wall Street meltdown only served to remind Americans of John McCain's 2007 admission […]

Desperate to resuscitate his diminishing hopes for the White House, John McCain during tonight's presidential town hall meeting dramatically reversed course on a mortgage bailout for home owners. This spring, McCain adamantly stated "it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or […]

Throughout the 2008 campaign, John McCain has proclaimed online auction giant eBay the solution to recession and poverty in the United States. But on Monday, McCain's already laughable vision of eBay as the future of the American economy took another hit. By announcing it was slashing 10% of its 16,000 person work force, eBay revealed […]

On Monday, John McCain again proved the old adage that a man who lives in 11 glass houses shouldn't cast stones. Two days after unleashing running mate Sarah Palin to deliver a salvo of smears against Barack Obama which CNN among others simply termed "false," McCain is now on the receiving end of an Obama […]

While the post-mortem on Thursday's collapse of the bipartisan Wall Street bailout deal is still being written, one aspect of John McCain's double-dealing is beyond dispute. According to campaign mouthpieces Tucker Bounds and Lindsey Graham, John McCain is responsible both for moving the $700 billion compromise package forward and for killing it. That act of […]

On Tuesday, paleo-conservative columnist George Will joined Mitt Romney and a long list of Republicans in warning Americans about John McCain's decidedly unpresidential temperament. "Under the pressure of the financial crisis," Will wrote, McCain reacted "furiously." Alas, McCain's rage now is just a repeat of his 1989 temper tantrum as the Keating Five scandal enveloped […]

The implosion of Wall Street last week resulted in a near-death crisis for John McCain's presidential campaign. His post-Palin bump eviscerated, McCain was staggered by the reemergence of the economy as the dominant issue in the 2008 election. His daily-changing positions revealed that McCain, a man who has repeatedly admitted his ignorance of economics, is […]