McCain's 'EBAY Model' for jobs confounds many economists
http://news.yahoo.com/s/bloomberg/20080624/pl_bloomberg/ajxbcbplynwy
Yes ladies and gentlemen of the Hype, McCain is serious. It was just the other day that he announced his grand plan for a 300 million dollar spectacular for the invention of the next automobile battery. Now, he is proclaiming that "1.3 million people living off of EBAY is evidence that the company is a model for job and economic growth!"
The problem with that is, people selling items on EBAY doesn't grow the economy! And giving away $300 million to whoever creates the next great car battery isn't a wise decision either. (We only have trillions of dollars in debt, what's a couple hundred million more!

)
I'm telling you guys, more and more I am convinced that John McCain really has lost his mind!
John McCain really has no idea what he's talking about when it comes to economics.
1a) He calls for the elimination of the gas tax and calls it "immediate relief" from the pain at the pumps. But that's not immediate relief-- it's a distraction. Most economists agree that suspending the gas tax will only save consumers $30-60, which is less than it costs to fill up most consumers' tanks one time. Which ultimately means that consumers won't save anything if the gas tax is lifted.
1b) And that doesn't even get into the fact that the gas tax pays for federal road, highway and infrastructure repairs. So by suspending the gas tax, the funds which go to repair our nation's deteriorating highways will disappear. But alas, this isn't as important as point 1, which is that lifting the gas tax will have an insignificant impact on consumers' wallets.
2) He discusses coming up with some sort of new-fangled car battery which will be more energy efficient. But he forgets the fact that the battery isn't the problem; it's the fuel. It's the fact that we're paying $4.30 a gallon for oil, which oil companies buy from other nations which sell it at outrageous prices, only to sell it to us for outrageous prices. But I'm straying off point:
We have alternative energies! We have hydrogen, we have natural gas, we now even have prototypes which run on water! Many states have hydrogen and natural gas fueling stations; instead of giving someone $300 million for coming up with an amazing new car battery, he should be using that money to make natural gas and hydrogen available nationwide. He should be offering incentives for oil companies to get into these businesses. He's just buying time, and trying to appeal to the common man by saying "If you do this, you win lots of money!"
(Even though Bucktooth B. Redneck won't be able to build such a battery considering he never went to college and knows nothing about automobiles)
3) I still have yet to see how he plans to fix the mortgage crisis and how he plans to ease unemployment-- I mean, if we have $300 million to hand out to someone because they know how to build a car battery, why can't we put that much towards fixing these two crises? Why can't we put that money towards eliminating our debt we have to nations such as China and India, which now own our asses because the "fiscal conservative" elected to the Presidency eight years ago has helped spur one of, if not
the largest deficit in our nation's history?
It's insane.