Sen. John McCain today proposed $52 billion in tax breaks aimed at reducing the impact of stock market losses on the nation's seniors, providing relief to the unemployed and encouraging savings.
Furthermore, this probably will not win him any votes, but it is good to see that realizes that the government should not have any financial interest in the banks any longer than is necessary.
McCain's made his tax cut proposals as President Bush announced an historic $250 billion plan to have the federal government inject money into the economy by directly investing in private banks.
McCain did not directly comment on the president's announcement. But he warned that as president he would require that government investment end once the private banks and institutions are restructured and healthy.
I could be wrong, but I doubt that it is a view that is shared by Obama.
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