[big campaign] MCCAIN'S ECONOMIC PLAN: MORE OF THE SAME BUSH ECONOMY -- BAD FOR WORKERS, BAD FOR SENIORS

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*MCCAIN'S ECONOMIC PLAN: MORE OF THE SAME BUSH ECONOMY -- BAD FOR WORKERS, BAD FOR SENIORS **Today McCain will be speaking in Michigan, promoting another term of Bush-McCain economic policies. But McCain faces an uphill battle. His adviser calls the economic recession "a mental recession<http://www.washtimes.com/news/2008/jul/09/mccain-adviser-addresses-mental-recession/>," but Michigan, like the rest of the country, feels the impact of Bush economic policies in the form of soaring unemployment, rising prices, foreclosures, and poverty. As of March of this year, 1 in 8 Michiganders was using food stamps. It's no surprise that McCain lags by **6 points*<http://www.realclearpolitics.com/epolls/2008/president/mi/michigan_mccain_vs_obama-553.html> * in the latest Quinnipiac poll, and by **9 points*<http://www.realclearpolitics.com/epolls/2008/president/mi/michigan_mccain_vs_obama-553.html> * in the most recent Public Policy Polling survey. ** Bush's failed policies have broken our economy – and McCain's policies will only make our economic crisis worse.* McCain's plan not only makes Bush's tax cuts permanent, but offers massive new corporate tax cuts. McCain's plan would create the highest federal budget deficit in 25 years according to an analysis <http://thinkprogress.org/wonkroom/2008/05/15/mccain-deficit/> by the Center for American Progress Action Fund. - *The Wall Street Journal reported that McCain policies will "explode deficit<http://online.wsj.com/article/SB120882415111033181.html?mod=special_page_campaign2008_leftbox>" or result in "unprecedented spending cuts<http://online.wsj.com/article/SB120882415111033181.html?mod=special_page_campaign2008_leftbox>equal to one-third of federal spending on domestic programs." * - *McCain-Bush policies are bad for workers.* Jobs numbers fell<http://ap.google.com/article/ALeqM5gHs5OM3gFG_DytQQZFbWfgPT08MAD91MCJ182>for the sixth straight month last week as 62,000 American jobs were lost in June. Gallup projects that job losses will continue<http://www.gallup.com/poll/108730/Early-July-Views-US-Job-Market-Suggest-More-Losses.aspx>in July. Unemployment remains at a four-year high<http://www.marketwatch.com/news/story/us-june-nonfarm-payrolls-fall/story.aspx?guid=%7B4D7EDE0F%2D050E%2D48F0%2DBE92%2DD7E3A1CCE15C%7D&dist=TNMostRead>. Last Friday the Wall Street Journal reported that 1.6 million<http://online.wsj.com/article/SB121520753147729275.html?mod=googlenews_wsj>Americans have now been out of work for at least 6 months – up 37 percent in the last year. - *McCain-Bush policies are bad for seniors.* McCain called Social Security "a disgrace<http://blog.washingtonpost.com/the-trail/2008/07/09/mccain_sparks_controversy_with.html>" and has supported Bush's efforts to guaranteed Social Security benefits. McCain has voted to cut almost a quarter of a trillion dollars from Medicare and Medicaid and has even proposed taking Medicare's prescription drug benefit away from millions of seniors. *Michigan especially hard-hit by Bush-McCain economic policies -- like free trade -- but McCain opposes relief.* - *More than 400,000 jobs have been lost in Michigan alone since Bush took office*.* * - *Michigan unemployment is now 8.5 percent. *That's *three points higher * than the national average,* **a point higher* than this time last year, and *four points higher* than it was when Bush took office. That means 428,095 Michiganders are now unemployed, 73,152 more than at the same time last year *. * - *McCain favors free-trade agreements that have cost Michigan tens of thousands of jobs, will cost more jobs.* - *McCain said he "would negotiate a free trade agreement with almost any country" and that "there are some jobs that aren't coming back to Michigan." * - *Free-trade agreements McCain favors have cost Michiganders more than 63,000** jobs*. - *McCain would drastically cut spending on programs helping Americans struggling economically, and he voted against federal funding for food stamps -- now used by 1 in 8<http://www.nytimes.com/glogin?URI=http://www.nytimes.com/2008/03/31/us/31foodstamps.html&OQ=_rQ3D1&OP=29fde5bcQ2FQ23.Q5DWQ23GIZhQ5CIIHQ3DQ23Q3DUU%29Q23U9Q239kQ23Q5BhQ239kQ3FIIGhHvlQ60hz-Hld>Michiganders. * -- Rebecca Buckwalter-Poza Progressive Accountability [email protected] 202-609-7702 (o) 919-423-4783 (m) --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the "big campaign" group. 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