McCain Camp Response to Obama's Economic Proposals

Please see our campaign's response to Barack Obama's new economic proposals today which focused on responding to America's weakening economy. In Barack Obama's proposal he refuses, despite previous statements, to concede his proposal to raise taxes on the American economy, continuing a tax policy described as a economic ‘sleight of hand' by the Wall Street Journal:

“The American people heard a series of new proposals from Barack Obama today, but what they did not hear was a promise to stop pursuing his massive tax increases. As our economy and our financial markets struggle through unprecedented turmoil, one thing is certain: raising taxes on the American people and American business will have a devastating effect.  When pressed on this point, Obama has repeatedly said he would consider abandoning his planned tax increases if the economy is 'weak,' but apparently this economy is not weak enough for Barack Obama.  It is clear that the economy is hurting, that Americans need across-the-board tax relief, and yet Barack Obama has proven unwilling to break with the left-wing of his party and stand up for the American taxpayer.

“Interestingly, Barack Obama called a moratorium on foreclosures, which is a policy he had previously labeled ‘disastrous' when it was proposed by a political opponent. Proving yet again that Barack Obama's positions on the issues are tied to elections, not solutions for the American people.” --Tucker Bounds, spokesman McCain-Palin 2008