Jill Stein Arrested: Green Party Nominee Faces Charges After Bank Protest
Thursday, August 2, 2012
First and foremost, McCain would've undoubtedly selected as TreasurySecretary an individual nominated by WallStreet—which has a stranglehold on the economy due to its enjoying 30 to 40 percent of all corporate profits. If he didn’t select TimGeithner, a reliable servant of financial interests whose nomination might have allowed McCain to trumpet his “maverick” credentials, whoever he did select would clearly have also moved to bail out the financial institutions and allow them to water down needed financial reforms.
Ditto for the head of his NationalEconomicCouncil. Although appointing LarrySummers might have been a bit of a stretch, despite his yeoman work in destroying financial regulation—thus enriching his old boss RobertRubin and helping cause the Crash of 2008—McCain could easily have found a JackKemp-like Republican “supply-sider” who would have duplicated Summers’ signal achievement of expanding the deficit to the highest level since 1950 (though perhaps with a slightly higher percentage of tax cuts than the Obama stimulus). The economy would have continued to sputter along, with growth rates and joblessness levels little different from today’s, and possibly even worse.
But McCain’s election would have produced a major political difference: It would have increased Democratic clout in the House and Senate.
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Read the Article at HuffingtonPost
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