Holy Crap!

Ok, John McCain doesn’t really know much about domestic issues in general, fiscal policy in particular. But this absolutely blows me away. You’d think that, economics degree aside, anyone with an ounce of sense about the way economics functions in the everday sense would realize how ridiculous this is:

STEPHANOPOULOS: Not a single economist in the country said it’d work.

MCCAIN: Yes. And there’s no economist in the country that knows very well the low-income American who drives the furthest, in the oldest automobile, that sometimes can’t even afford to go to work.

STEPHANOPOULOS: But they all say that . . . the oil companies, the gas companies are going to absorb … any reduction.

MCCAIN: … they say that. But one, it didn’t happen before, and two, we wouldn’t let it happen. We wouldn’t let it — Americans wouldn’t let them absorb that.

STEPHANOPOULOS: How would you prevent that?

MCCAIN: We would make them shamed into it. We, of course, know how to — American public opinion. And we would penalize them, if necessary. But they wouldn’t. They would pass it on.

Yeah, he said that.

Of course, I am going to assert that this just proves that I was right a month ago or so in saying that the problem isn’t just that McCain doesn’t understand dynamics, it’s that McCain has not, for a second of his life, lived in the everyday world of 95% of the American people. He grew up in a military family and then went in himself, having a government guaranteed salary/benefits package, and then he hooked up with an heiress. You know, the middle class life.