John McCain isn't a psychologist, but he's playing one on TV. Again. For the second time in two months, the supposed maverick turned modern day Freud has diagnosed Americans' economic ills and concluded that it's all in our heads. And to be sure, his recommended therapy - offshore oil drilling and a gas tax holiday […]

Two months after I first highlighted John McCain's prescription of eBay as the cure for what ails the economy, economists are finally weighing in. As Bloomberg reports, the feedback isn't pretty. While McCain, who has admitted knowing little about economics and even less about computers, may envision a nation of auctioneers, "new people selling stuff […]

In his eternal quest for the Republican presidential nomination, the supposed maverick John McCain has repeatedly reversed long-held positions and compromised purportedly core principles. From the Bush tax cuts, the religious right and immigration reform to overturning Roe v. Wade, proclaiming Samuel Alito a model Supreme Court Justice and bashing France (just to name a […]

On Friday, the campaign of John McCain continued its game of "he loves me, he loves me not" with the federal budget deficit. His chief economic adviser Douglas Holtz-Eakin pledged McCain would implement a balanced budget "by the end of his first term." Of course, that was a reversal of Holtz-Eakin's proclaimed target in April […]

In Martin County, Kentucky this week, John McCain added another one his "Forgotten Places" to the growing list of places his campaign would now like to forget. With a straight face, McCain told the residents of the economically devastated region that eBay represents their economic future. And he did so by appropriating the words of […]

Ever since Ronald Reagan famously asked Americans in 1980 if they were better off now than four years ago, answering the question has been a pre-requisite for aspiring White House hopefuls. This week, Republican nominee John McCain twice tried to supply a response when asked about the eight years of the Bush economy. His changing […]

As ABC News helpfully reminds us, April 15th is John McCain Tax Flip-Flop Day. McCain, as you'll recall, twice voted against President Bush's budget-busting tax cuts for the richest Americans who need them least. But having undergone a supply-side conversion on the road to the White House, John McCain now wants to make them permanent. […]

Three new surveys released today document the steep descent of President Bush, and with him, the American economy. While Bush's approval rating reached a new low of 28% in the AP poll, three quarters of economists surveyed by the Wall Street Journal believe that the United States is in a recession that has yet to […]

In order to secure the Republican presidential nomination, John McCain has reversed course on almost every issue he once held near and dear. Now with the general election contest underway, McCain is starting his predictable walk-back from the hard right abyss. Just days after proclaiming his adamant opposition to federal intervention in the housing market […]

Once in a rare while, a single image tells you everything to know about the American economy. On Wednesday, the New York Times featured a simple chart showing that President Bush has presided over the first post-World War II economic expansion in which Americans' median family income declined. If the American Dream is defined in […]