Here are a few notable guest comments from last night’s show in response to my interview with Republican presidential candidate John McCain. Incidentally, one area in particular where McCain has it absolutely right is lowering corporate tax rates. This would work wonders for U.S. economic growth. It would rehabilitate the ailing dollar and reduce inflation. Mac is right on the money here.
Restoring King Dollar I think we heard, once again, a lot of talk about spending cuts and balanced budgets—and a lot of discomfort in talking about tax decreases. So you know, I’ll take a tax cut wherever I can get it. I think the problem there is [McCain] is talking about suspending the gas tax, but in fact, what he should be talking about is a stronger dollar. That would actually drive down the oil price and gasoline prices a lot more…I think [the lack of a discussion on the dollar] is a big shame. One of these candidates is going to wake up to the fact that that’s the number one populist issue—strengthening the dollar. It would be a big vote getter. A weak dollar is bad for the middle classes.
-John Tamny, editor of RealClearMarkets & senior economist with H.C. Wainwright Economics.Page 1 of 3 | Next Page