The Economist came out with an article today, provocatively entitled “Bomb OPEC.” In the article, they suggest that the 3 Presidential candidates’ economic policies and knowledge makes this campaign season difficult to watch. According to the article, none of the three is presenting a cogent economic policy. They would rather bash China and pander for votes on Gas Tax relief.
The race for the White House has been a depressing experience for anyone foolish enough to have hoped for a rational debate about economic policy. John McCain, who is at least in favour of free trade, admits to being an economic illiterate, while Hilary Clinton and Barack Obama have been united in their remorseless, largely baseless bashing of foreigners (especially the Chinese) and big business. Ordinary Americans may be the main beneficiaries of global capitalism, but it is more likely to be celebrated in Beijing than on America’s hustings.
They are Politicians, after all. What do you expect?
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