McCain compares Obama's tax plans to Hoover - article, WTF ??

[steve2470]

http://www.bizjournals.com/phoenix/stories/2008/10/13/daily55.html

Sen. John McCain compared Democratic presidential rival Barack Obama’s tax and trade stances to those of Herbert Hoover in their third and final debate Wednesday night warning they could exacerbate an already rough economy.

Obama countered linking the Arizona senator to failed Bush Administration policies and breaks for big business.

"I don't think there's any doubt that Sen. Obama wants to restrict trade and he wants to raise taxes. And the last president of the United States that tried that was Herbert Hoover, and we went from a deep recession into a depression" McCain said the Hofstra University forum.

That mirrors recent comments by Scottsdale economist Elliott Pollack. Hoover's response to economic troubles in 1929 was to raise taxes because of large deficits and to impose tariffs on foreign goods to help boost American businesses, and those tariffs sparked trade wars that magnified the Great Depression, he said.

more at link above

I totally missed that crap last night.