The implosion of Wall Street this week comes as a triple-dose of bad news for John McCain. No doubt, his daily-changing response to the crisis confirmed McCain's self-proclaimed ignorance of economics. Perhaps even more damaging, America's financial nightmare conjured images of the savings and loan scandal 20 years ago, one in which McCain's close ties […]

Karl Marx famously said that historical events occur twice, first as tragedy and the second time as farce. Truer words were never spoken of John McCain's new-found support for a Mortgage and Financial Institutions (MFI) trust, the very type of agency he strenuously opposed until just this week. But completing the tragic-comedy is the fact […]

On Wednesday, the New York Times blasted John McCain's cynical attempt to escape from his repeated proclamations that "the fundamentals of our economy are strong." Facing a backlash over his latest declaration even as Wall Street imploded Monday that all is well, McCain just hours later tried to redefine "economic fundamentals" to refer to American […]

As the meltdown on Wall Street continues, American voters would do well to regard John McCain and his Republican Party with suspicion when it comes to the resuscitating the economy. But McCain's acknowledged ignorance on economic issues, happy talk about strong "fundamentals," ties to lobbyists and disturbing involvement in the 1980's savings and loan disaster […]

The mythical role of online auction powerhouse eBay in John McCain's presidential campaign took on a new dimension today. Not only did his running mate Governor Sarah Palin not sell an Alaska government jet on eBay (as she has repeatedly claimed), the state's chief procurement officer acknowledged "It was the practice of the state to […]

As ThinkProgress just reported, CNN earlier today showed a deceptive chart which wrongly suggests that John McCain's tax plan provides more Americans with greater savings than that offered by Barack Obama. But CNN's upper-crust income brackets starting at $161,000 conceal the inescapable truth that Barack Obama's proposals offer working and middle class Americans steeper tax […]

Monday was a miserable day for the Dow, with the market suffering a 242 point drop. But rather than joining "so-called market analysts" in attributing the sell-off to credit market woes, higher oil prices and a fluctuating dollar, the National Review's resident class warrior Larry Kudlow found a predictable villain. Despite the inescapable history that […]

Sometimes, a single gaffe - real or imagined - comes to symbolize an entire presidential campaign. With Americans struggling as unemployment topped 7% in 1992, President George H.W. Bush saw his reelection prospects dimmed by his reported amazement at a simple grocery store checkout scanner. But while Bush 41's defining out-of-touch moment may be the […]

John McCain has finally and definitively answered the question, how do you define "rich?" After first joking that "$5 million" marked the line between middle class and rich and then arguing, "I define rich in other ways besides income," John McCain provided the real answer Thursday. A rich man doesn't even know how many houses […]

Eight years ago, then Governor George W. Bush revealingly joked about his backers at the 2000 Al Smith Dinner. "This is an impressive crowd - the haves and the have-mores," Bush said, adding, "Some people call you the elites; I call you my base." With his own quip Saturday night that "$5 million" is his […]