What really stuck out to me from last night's debate is that in the face of the global economic crisis, Senator McCain couldn't suggest anything other than tax cuts (mainly oriented towards the wealthy) and his stale old economic plan that looks almost indistiguishable from George Bush's economic plan.
If tax cuts were the secret to prosperity then you'd think after the $1.3 trillion Bush tax cut plan that was passed in March 2001, we'd all be flying high by now. I guess you can judge how high you are flying (AIG execs attending their taxpayer funded 'retreat' and others with golden parachutes excepted, of course.) We will be paying for the Bush tax cuts for generations to come.
But in fact, even during the most prosperous years of the Bush administration 200,000 jobs created in a month was considered 'good.' But that was less than the monthly average during the Clinton years. So let's get this straight-- the best that George Bush's economy could do anytime during his term was below Clinton's average.
And Senator Obama was right-- real incomes have gone down. He offers a different plan, one that is oriented towards making sure that ordinary people have what they need to survive, whether it is help with their mortgages or whether it is health insurance they can afford.
Some may call that socialism. So be it. Call it what you want, but it's obvious that after trying conservatism and massive tax cuts for eight years and seeing where that led us, maybe a dose of European-style socialism doesn't sound all that bad anymore. They are having the economic crisis in Europe like they are having it here (inevitable in a global economy) but at least in Europe nobody is afraid they might get sick and not be able to afford the doctor.