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October 9, 2008

WORST NIGHTMARES.... The McCain campaign seems to care quite a bit about nightmares. Over the course of the campaign, it's described McCain as "the Democrats' worst nightmare," the Washington establishment's "worst nightmare," and "Hamas' worst nightmare."

Yesterday, on MSNBC, senior McCain aide Nicolle Wallace insisted that McCain "isn't for giving tax cuts to corporations," adding, "John McCain is their worst nightmare."

The campaign's preoccupation with nightmares notwithstanding, Wallace, a veteran of Karl Rove's operation, made an unusually silly claim.

Far from being a corporate nightmare, the cornerstone of McCain's economic plan -- cutting the corporate tax rate from 35 to 25 percent -- makes him quite the corporate darling. [...]

Not only is Wallace wrong in claiming that McCain does not favor cutting corporations' taxes but she's also way off the mark in saying he's their "worst nightmare." In fact, the richest 200 American corporations stand to benefit handsomely ($45 billion) from a McCain administration.

McCain's plan would dole out $4 billion a year to Big Oil (despite the numerous campaign claims to the contrary), $2 billion to health insurance companies and $1.44 billion to the parent companies of mainstream media outlets. Eight companies -- Wal-Mart Stores Inc., Exxon Mobil Corp., ConocoPhillips Co., Bank of America Corp., AT&T, Berkshire Hathaway Inc., JPMorgan Chase & Co., and Microsoft Corp. -- would each receive over $1 billion a year.

Why would corporations find this scary?

Steve Benen 9:55 AM Permalink | Trackbacks | Comments (19)
 
Comments

Because McCain is "tough" on earmarks, and the way NOT to have earmarks is to call 'em something else. The big corps. can have plausible deniability and claim to be "frightened."

Not so straight talk, I guess you'd call that...

Posted by: Jim in Ohio on October 9, 2008 at 10:01 AM | PERMALINK

Maybe they fear drowning in cash?

Posted by: paulo on October 9, 2008 at 10:02 AM | PERMALINK

Its like one of those nightmares where I get everything I want... what's another word for that... oh yeah, fantasy. McCain is a big corporation's fantasy.

Posted by: jellyfish on October 9, 2008 at 10:05 AM | PERMALINK

And speaking of nightmares, didn't one of the people introducing McCain ask what it would be like to wake up on Jan 20 only to find Barack Hussein Obama in the White House. I guess he's now their worst nightmare. Boo!

Posted by: Danp on October 9, 2008 at 10:05 AM | PERMALINK

From Chief Executive Magazine

Issue Date: September/October 2008, Posted On: 10/8/2008

"Chief Executive magazine’s most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive’s most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama."....

Posted by: Annole on October 9, 2008 at 10:09 AM | PERMALINK

Eight companies -- Wal-Mart Stores Inc., Exxon Mobil Corp., ConocoPhillips Co., Bank of America Corp., AT&T, Berkshire Hathaway Inc., JPMorgan Chase & Co., and Microsoft Corp. -- would each receive over $1 billion a year.

Why would corporations find this scary?

Because McCain's blatant Corporations uber alles economic philosophy is beginning to turn all but the most rabid right-wingers away from the Republican party. The economy is so bad, and the corporate corruption is so obvious, that it's no longer possible for corporations to convince poor whites that dark-skinned people are responsible for their woes, and to distract them with gay marriage and late-term abortions.

The corporationists' worst nightmare is that the days of driving a corporation into bankruptcy and walking away with an eight-figure golden parachute may be over.

Posted by: SteveT on October 9, 2008 at 10:11 AM | PERMALINK

The McCain motto: If I think it, it must be so.

Posted by: Jeffrey Davis on October 9, 2008 at 10:35 AM | PERMALINK

Oh nooo! Please don't cut our taxes! That would be the WORST thing you could do to us! It's our nightmare!

Posted by: Corporate America on October 9, 2008 at 10:39 AM | PERMALINK

McGrump is a lying sack!!! The more you see the more there is to distrust and dislike.

Posted by: Ted76 on October 9, 2008 at 10:43 AM | PERMALINK

He's their worst nightmare because he's such a horrible candidate, they're watching all that potential profit vanish before their eyes.

Posted by: Buhallin on October 9, 2008 at 10:45 AM | PERMALINK

I know a President McCain is MY worst nightmare. But for the record, I'm neither rich, nor an oil corporation.

Posted by: slappy magoo on October 9, 2008 at 11:00 AM | PERMALINK
Why would corporations find this scary?
Because he's going to hit the floor so hard, he'll leave a McCain-shaped hole in it, into which will drain all the golden parachutes, fluffy jobs, easy junkets...

McCain is declaring class warfare -- and then losing. And he's so tightly tied to Corporate America in the public's mind (rightly so) that he's killing their brand, too.

Posted by: Bernard HP Gilroy on October 9, 2008 at 11:15 AM | PERMALINK

McCain is declaring class warfare -- and then losing. And he's so tightly tied to Corporate America in the public's mind (rightly so) that he's killing their brand, too.

Hey, credit where it's due -- George W. Bush, our first MBA President, did a lot to kill the brand as well.

Posted by: Gregory on October 9, 2008 at 11:31 AM | PERMALINK

Reply to Annole on "CEO Executive Magazine":

I've written to the editor many times before complaining about his highly conservative editorials and lead articles that egregiously part from facts. He panders to his audience, but also attempts to sway readership to his ultra-conservative positions (business and otherwise). Among other things, he's a global warming denier.

I'd suggest you heavily discount (or disregard altogether) any "polls" originating from that source. The magazine title gives it more credibility than it deserves.

Posted by: Curtis E. Mayle on October 9, 2008 at 11:59 AM | PERMALINK

Steve quotes ThinkProgress:

"McCain's plan would dole out ... $1.44 billion to the parent companies of mainstream media outlets."

Right. Can we please now dispense with naive head-scratching about when the corporate-owned media will begin to "do its job" of reporting impartially and accurately on both candidates?

That's not the job of the corporate-owned media. The job of the so-called "mainstream media" (also known as the "liberal media") is to help put McCain in the White House where he can give $1.44 billion in tax cuts to the handful of giant corporations that own and control virtually all of the mass media from which most Americans get most of their information.

And that doesn't even include the additional tax cuts that will go personally to the ultra-rich CEOs and top management of those corporations, or their highly-paid "on-air personalities" and "pundits" who are riding that tire swing hard, hard, hard for Their Man McCain.

Nor are tax cuts the only financial interest that the media corporations have in putting McCain in power -- a McCain FCC will no doubt continue, or accelerate, the deregulation of media ownership to enable those giant corporations to gobble up more and more of America's few remaining independent TV and radio stations, networks, and newspapers.

Worst nightmare? McCain isn't just the corporations' fondest dream come true -- McCain is a champion of what can only be called corporate totalitarianism.

Posted by: SecularAnimist on October 9, 2008 at 12:01 PM | PERMALINK

A McCain/Palin administration is indeed the stuff of this Democrat's nightmares.

Posted by: anon on October 9, 2008 at 12:11 PM | PERMALINK
Why would corporations find this scary?

For the same reason that the Spanish Inquisition was able to inspire terror by threatening heretics with the soft cushions and the comfy chair.

Posted by: noncarborundum on October 9, 2008 at 12:29 PM | PERMALINK

I'd like to think that George W. Bush was just my worst nightmare, but reality prevented it. A McCain and Palin presidency isn't my worst nightmare; that would be that collectively Americans are stupid enough to make it a reality as well.

Posted by: AJB on October 9, 2008 at 12:35 PM | PERMALINK

I've watched this Ms. Wallace a number of times on TV. She's something else. She sits in front of the cameras with a look of conviction spouting what most know are lies. I hope they pay her well.
She could even be considered the 2nd coming of Karl. She is the ultimate in Republican chutzpah.

Posted by: fillphil on October 9, 2008 at 12:49 PM | PERMALINK




 
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