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McCainomics - A Recipe for Disaster
Submitted by Eric Nordstrom <eric@nordstrom1.com> on 03/Apr/2008
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Presidential Candidate (Yes Candidate, Not Nominee) has a bumpy road concerning economics.
First he admits not knowing economics very well:
http://www.presstv.com/detail.aspx?id=40334§ionid=3510203
http://www.youtube.com/watch?v=r1kM0Hr-lHE&feature=related
Then he states that he knows economics very well"
http://www.presstv.com/detail.aspx?id=50139§ionid=3510203
http://www.youtube.com/watch?v=3qLR1nts2Q4&feature=related
Apparently the first statement holds true as he has now broken his own law and he will no longer have enough delegates to be the Republican nominee.
http://www.presstv.com/Detail.aspx?id=48815§ionid=3510203
Chairman of the commission David Mason, however, warned McCain last month that his withdrawal request had not yet been granted.
"McCain has 2 problems with this issue.
1: If the FEC allows Mccain to withdraw from FED matching funds he will be revoked from many delegates in states that he was able to be on the ballot without the required number of signatures therefore he will lose any delegates for him in those states.
2: If the FEC doesn’t release him from matching funds he will be capped at 50 million dollars and will kill his run for president because he will not have the money to compete.
The problem is even more complicated than this. McCain used the matching funds eligibility to avoid having to collect signatures to qualify for ballot access in several states, including Ohio, Pennsylvania and Delaware.
Those state wins must be voided according to most experts on the issue. That means he does not have the necessary delegates.
Ironic that it was his law (McCain-Feingold) that got him in this mess.
McCain broke the law...
The delegates in these states need to file the motion at their conventions for McCain to be revoked of all his delegates in those states for failure to comply with election ballot state law requirements.
Perhaps John McCain should consult with the ranking member of the House Finance Services Committee? If there is one person specifically expert enough to iron out John McCain's financial blunders and to provide insight as to how to repair our nations economic problems it is the ranking member of the House Finance Services Committee (click link below for the ranking member of the HFS:
http://www.house.gov/paul/bio.shtml
McCain wants additional war spending and am interest rate of zero.
Where are we headed?
http://www.youtube.com/watch?v=4n3g5lUgkWk&feature=related
What can be done to soften the impact of the looming crisis?
http://www.youtube.com/watch?v=MCt2yRqlCcQ
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