As our financial crisis deepens, John McCain's campaign has struggled to come up with a coherent message and plan. Basically, for the last several weeks, John McCain has said that he knows how to fix the economy. He hasn't given the American people any specifics on how he would do this. Controlling government spending is nice and necessary but it will not fix the problem. After multiple false announcements, yesterday, John McCain revealed a $52 billion plan which involves tax breaks to encourage savings and provide relief for seniors (I don't really understand how this will help our economy). $52 Billion. It seems wimpy. If we spent $85 billion on AIG (plus another infusion of $25 billion on their second taxpayer helping) how is $52 billion going to fix the problem. If you look carefully, you'll see that there's nothing new in John McCain's "new" proposal. Republicans have wanted to decreased capital gains taxes for decades. A central piece of this proposal is a cut in capital gains taxes. I will look at this proposal more carefully but it seems to be more of the same at first glance.

Rachel Maddow talked about John McCain's economic proposal on her show last night.