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Politics John McCain

  • The Republican candidate for president embraced low-tax-rate incentives to grow the economy, promising a combination of pro-growth tax reform and simplification along with significant spending restraint.

  • Tuesday night on Larry Kudlow's show was interesting as always but a couple of issues stood out. Sean Tully of Fortune Magazine opined that oil could fall back to a range of $50-70 before too long.

  • Republican presidential hopeful Sen. John McCain called for a EU-U.S. trade pact, saying exports were a bright spot in the U.S. economy Tuesday.

  • Boeing Headquarters

    It's been a year since I started reporting on "the biggest defense contract of 2007," except now it'll be "the biggest defense contract of 2008." Or maybe 2009. The $35 tanker deal has taken more odd turns than a lost UAV, including...

  • Public worry number one is now oil, jobs, and the economy, with the inflationary woes of the U.S. dollar right underneath. The candidate who can connect with these issues will win in November. But so far neither Obama nor McCain are dealing with the new political reality.

  • Skyrocketing oil and gas pump prices have become public enemy number one on the economics front, and politically priority number one out on the campaign trail. (Though neither Obama nor McCain have really connected with the public’s desire to drill and produce more oil as a way of getting gas prices down.)

  • John McCain and Barack Obama

    As he campaigned against racial integration in the 1960s, George Wallace complained "there's not a dime's worth of difference" between the Democratic and Republican parties. But nowadays that's only true in primary elections.

  • He hit all the right notes. Overtax. Overspend. Over-regulate. Central planning. Command-and-control of the U.S. economy. All in the name of a dubious global-warming theory.

  • V.P. or not V.P.?

    Some Democratic strategists had earlier speculated that she wouldn’t want the vice presidential slot, since as First Lady during the 1990s she had already been as close to the Oval Office as someone can get without being chief executive.

  • I’ve even taken to calling the weak dollar the U.S. peso. There’s also Paul Gigot and Steve Moore over at the Wall Street Journal editorial page, both prominent leaders in the movement to resurrect King Dollar. And today we received some great news on this front.

  • This is one of those times when you have to be very discriminating when you talk about the “economy.” Because the “economy” includes things that are in outright depression like housing, and it includes things that are in an outright boom like technology

  • Year-over-year real GDP is 2.5 percent. Incidentally, brand new numbers on profits show a much-stronger-than-expected gain. Profits are the mother’s milk of stocks and the economy. So this is very positive.

  • by Scott McClellan

    I know Scott McClellan a little from covering the Bush White House. But like many who interacted with him far more closely than I did, I am quite surprised at the tone of his memoir. His indictment of the administration's "deception" in promoting the Iraq War echoes and validates commonplace criticisms from the political left.

  • The coal story is so important simply because the U.S. has massively undeveloped coal resources. With 27 percent of the world’s coal reserves estimated at 270 billion tons, the U.S. is the Saudi Arabia of coal. And yet cap-and-trade would destroy this critical sector.

  • John McCain

    I'm thinkin' those two drug giants are champin' at the bit for the docs to get McCain off generic Zocor and onto Lipitor or Crestor. On recent conference calls, some PFE officials have said they think a lot of patients who've had a similar experience to McCain's will eventually come back around to Lipitor.

  • Barack Obama

    For most of the 2008 primaries, the Clinton and Obama constituencies have remained remarkably stable. While the Illinois senator, has energized young voters, African Americans and affluent liberals, his rival from New York has dominated among women, Hispanics, older voters and blue collar whites.

  • Polls are mixed on the McCain-Obama race for president. But there are some good things coming out of the McCain story. First on the polls: Rasmussen has McCain four points ahead, 46-42.

  • One of the things we’ve learned during the Democratic primary battle is that Hillary’s victories are bullish for stocks and Obama’s wins are bearish.

  • Sen. Joe Lieberman gave a brilliant speech last night at Commentary magazine’s annual dinner at the University Club in New York. It was one hell of a great talk. Joe Lieberman was incredibly impressive. Absolutely brilliant.

  • Amgen

    Up until last month, AMGN had been atop the list of pharmaceutical manufacturer donors and PFE was in a close second. But the CRP says they flip-flopped in the most recent month that figures are available. So far, in the 2008 election cycle, Pfizer's given $862,000 to candidates and Amgen has forked over $852,000.