He made some flubs in accepting the nomination.
McCain claimed that Obama’s health care plan would “force small businesses to cut jobs” and would put “a bureaucrat … between you and your doctor.” In fact, the plan exempts small businesses, and those who have insurance now could keep the coverage they have.
McCain attacked Obama for voting for “corporate welfare” for oil companies. In fact, the bill Obama voted for raised taxes on oil companies by $300 million over 11 years while providing $5.8 billion in subsidies for renewable energy, energy efficiency and alternative fuels.
McCain said oil imports send “$700 billion a year to countries that don’t like us very much.” But the U.S. is on track to import a total of only $536 billion worth of oil at current prices, and close to a third of that comes from Canada, Mexico and the United Kingdom.
He promised to increase use of “wind, tide [and] solar” energy, though his actual energy plan contains no new money for renewable energy. He has said elsewhere that renewable sources won’t produce as much as people think.
He called for “reducing government spending and getting rid of failed programs,” but as in the past failed to cite a single program that he would eliminate or reduce.
He said Obama would “close” markets to trade. In fact, Obama, though he once said he wanted to “renegotiate” the North American Free Trade Agreement, now says he simply wants to try to strengthen environmental and labor provisions in it.
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image: Wall Street Journal