August 15th, 2008
11:40 AM ET
14 years ago

McCain ad says Obama will cause 'economic disaster'

[cnn-photo-caption image= caption="A new McCain ad is sharply critical of Obama's tax policies."](CNN) - John McCain's campaign launched a new ad Thursday that sharply criticizes Barack Obama's tax policies.

The ad, which also continues the campaign’s effort to paint the Illinois senator as a mere celebrity, says Obama's tax policies will lead to an "economic disaster."

"Obama's new taxes could break your family budget," the ad's announcer says. "Higher taxes. Higher gas prices. Economic disaster."

The campaign says the 30-second spot, called Taxman, will air in "key states."

Obama has proposed cutting taxes on middle-income Americans while raising those for families earning over $250,000. Writing in the Wall Street Journal Thursday, Obama economic advisers Jason Furman and Austan Goolsbee defended Obama's proposals.

"Sen. Obama believes a focus on the middle class is appropriate in the wake of the first economic expansion on record where the typical family's income fell by almost $1,000," Furman and Goolsbee wrote.

McCain has proposed extending President Bush's tax cuts, including those of high-income earners.

soundoff (219 Responses)
  1. Stan James Dimondale, MI

    Typical GOP tactics as in the past. Post and print as many lies and half truths as possible. Seems to me that slander is still against the law. The GOP are the ones that are trying to spend us to death.

    August 15, 2008 10:39 am at 10:39 am |
  2. Douglas

    How is this "information" allowed to air so out of context?! Obama's plan would provide a $1,000 tax refund to the vast majority of people viewing the commercials, yet Obama's campaign lets these claims (which appear in every McCain ad) go unanswered. It's incredibly disingenuous to broadcast that message mostly to people for whom the tax increase does not apply, and give it no context whatsoever. It's disgusting.

    August 15, 2008 10:39 am at 10:39 am |
  3. bob

    The rich don't have to provide their sons and daughters for our military efforts and with McCain they wil continue to see their taxes go down, meaning they won't be paying for our military efforts as well. Gosh, it must be nice to be rich.

    August 15, 2008 10:39 am at 10:39 am |
  4. Joe Reg

    The repubs McCain are full of lies.

    The real disaster are the repubs and McCain plan. The Democrats and Obama are just going to pick up the pieces and build the ecenomy from the reckage the republicans left it.

    Obama/Biden 08/12.

    August 15, 2008 10:39 am at 10:39 am |
  5. McWhine

    McWhine's ad said "Obama's new taxes could break your family budget," the ad's announcer says. "Higher taxes. Higher gas prices. Economic disaster."

    I agree!! But which families would suffer?? I know. It would be the rich oil company CEOs. It would be Bushes & Cheneys. It would Cindy & John McWhine family who owns 10 houses, with a credit card debt of more than $250,000, wearing a $520 italian made shoes, and with an expansive expending habit. Not me and my wife who earn more than $600K per year and won't mind to be taxed more. Because we are living a financial responsible life, saving more than 25% of our annual earning. got that.

    August 15, 2008 10:40 am at 10:40 am |
  6. Ex-Obama Democrat for McCain

    Can CNN bring in objective economic advisers to evaluate if this is true or not.? Please NOT someone in love with Obama, like everyone else at CNN, but someone with NO political ties to either party and give us THE REAL DEAL ? It's your duty as a news source to seek and present the truth. I would like to know the truth before I vote for anyone in November.
    Kathryn Amherst MA

    August 15, 2008 10:40 am at 10:40 am |
  7. Dave in PA

    Typical McShame. I love the Obama commercials during the Olympics. They are very positive and he is not "blasting" Mccain like he is being blasted. Stay on the high road Obama. The American people are much smarter than this!

    August 15, 2008 10:40 am at 10:40 am |
  8. Matt

    Way to go CNN!

    I can't decide if you have some sort of right-wing bias, or if you're simply trying to make the race a little closer by constantly bashing Obama through subtle but effective use of words. After all, a close race means better ratings for your "reporters", right?

    Example's of today's headlines:
    "Ticker: Obama plan called 'economic disaster"...really? By who? Oh, if you actually read the article it was said by McCain. Ohhh. But of course you know most people will only read the headlines.

    "New DNC Web video tries to link McCain to Abramoff scandal"...tries being the key word here. I have a feeling if this headline were for Obama it would go more like 'New Web Video links Obaman to scandal'. Of course, once you opened the article the headline would change and add that great little word, 'tries'.

    It's new media like you that are putting a divide in this great country, not Republicans or Democrats.

    Oh, by the way, isn't it about time for you to write an article about race? Seems like you haven't pushed that one in a few days either.

    August 15, 2008 10:40 am at 10:40 am |
  9. Go Obama

    With McCain the rich just keep getting richer. Wake Up America!

    August 15, 2008 10:41 am at 10:41 am |
  10. James in NC

    Finally. He should have done this at the start of the month. McCain has two advantages over Obama in leadership and economic plans. Obama's plan would hurt the economy at a time with growth is what is desperately needed.

    August 15, 2008 10:41 am at 10:41 am |
  11. Truth B Told

    Has anyone seen the last episode of Scare Tactics??? LOL Dude McCain's Straight Talk has become more and more of a Joke than his campaign staff!!!

    Obama 08

    August 15, 2008 10:41 am at 10:41 am |
  12. Mike

    Good, everytime I hear Democrats speak on the economy it's clear they have no idea what they are talking about. MCCain might not be an economic genius, but at least the people around him will be more savvy on the matters at hand

    August 15, 2008 10:41 am at 10:41 am |
  13. Troy Pennell

    McCain’s campaign is really getting irritating. The economy is already bad and even though we have held some semblance of normalcy to what we are used to as Americans it's still bad. Whether McCain or Obama gets into office we're headed towards economic disaster. I have more faith in Obama to come up with plans that may not be as popular but better for the long term. I use long term as in 5-10 years by the way which is really short term but since McCain’s long term is the next 6 months I thought I would clarify. I don't know what happened to his campaign but 8 years ago he seemed like he was steering the ship not the RNC.

    August 15, 2008 10:41 am at 10:41 am |
  14. Charles

    Obama is seriously trying to help this country and McCain and the Repubs are acting like they are in a high school cafeteria food fight!

    Here is what you are voting for ...

    Obama or Bush/McCain 08

    August 15, 2008 10:41 am at 10:41 am |
  15. Bill in DC

    The only disaster to expect is if John McCain should get elected in November.

    McCain won't win.

    This is Obama's time and a time for new, fresh leadship for this country.

    People can see right through McCain's lies.

    August 15, 2008 10:42 am at 10:42 am |
  16. Geoz

    "Extending Bush tax cuts"? That seems to be working really well. Good idea.

    August 15, 2008 10:42 am at 10:42 am |
  17. auntiecoosa

    Barry Soetoro-Obama has about 300 people advising him on the economy and every one is a socialist who wants to take money from you and me (but not them) in the form of taxes and distribute our money (but not theirs) to people that they (but not us) deem "worthy" or "needy" by their (but not our) standards.

    What does that mean for most US Citizens? More of our (but not their) money will be taken out of our (but not their) paychecks before we (but not them) get them. Higher taxes hurt everyone because if an employer has to pay higher taxes, he's bound to have to lay off the last people hired or perhaps the older employee who may be eligible for retirement but who needed to work until he was eligible for Medicare.

    Barry Soetoro-Obama was raised by socialists. His mentors are socialists. HOW does anyone think that a socialist is going to protect YOUR income so that YOU get to spend it? And why do elitist socialists always exempt themselves from paying any taxes that they plan to give away to other "entitlement" people whom they choose???

    August 15, 2008 10:42 am at 10:42 am |
  18. boered1

    So he wants to cut taxes on those of us making <$250,000 a year and raise it on those making over $250,000 and this is an "economic disater"? Well I guess it would be for people like McCain and his multimillionaire wife, they might actually have to pay their fair share for the work her granddaddy did!~

    of course those who cannot see a black man as President or are stuck in the liar hillary's fantasy world will jump on this as an excuse not to vote for him "he is socialist" "he is a tax and spend democrat" (as opposed to a spend and borrow republican I guess) they will say and he cannot be president because he isn't ready.. meaning of course he is still black and they cannot get over their bigotry long enough to see that he has REAL plans, REAL ideas, and will make a REAL improvement.. too bad but I guess if you are still so stupid that you believe this kind of crap because you cannot fact the real world these thoughts make perfectly good sense.

    August 15, 2008 10:42 am at 10:42 am |
  19. Boisepoet

    Is CNN objective, or paid for by McCain? Why put as the headline on the link "Obama plan called 'economic disaster'", when all you are doing is parroting John McCain's talking point. Wouldn't a more objective headline be "McCain calls Obama's plan economic disaster"? The first sounds as if it is attributed to an authority, the latter to the rightful authority, who is far from an expert on the economy.
    Does your organization need some lessons in journalistic integrity, or are you purposely shilling for McCain?

    August 15, 2008 10:42 am at 10:42 am |
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