"Meghan McCain: ‘I Just Don’t Understand’ The Economy, But I Think A Second Stimulus ‘Doesn’t Make Sense’"
This morning on Fox & Friends, John McCain’s daughter Meghan McCain railed against President Obama for signing the omnibus spending bill yesterday. “I think it’s so disappointing and it’s scary,” McCain said, referencing the earmarks in the bill. “Hope and change – what’s going on?” She added, “This second stimulus package that Nancy Pelosi’s talking about I think doesn’t make sense.”
Meghan McCain’s comments this morning are surprising, given that last night she was telling MSNBC host Rachel Maddow that she doesn’t know much about the economy. Here’s how McCain responded when Maddow asked her whether she agrees with her father’s call for a spending freeze:
McCAIN: Spending freeze? You know, econ – economic things, I said this last night on Hannity, I said is my — I didn’t even take econ in college. I don’t completely understand it so I’d hate to make a comment one way or the other. That’s – truly of all the things – I keep reading and I just don’t understand it.
Watch a compilation of the clips:
McCain should have stuck with her concession that she doesn’t know much about the economy. Instead, by coming out against a second stimulus, Meghan is contradicting the advice of Nobel Prize winning economists Joseph Stiglitz and Paul Krugman. “We need a larger and better designed stimulus,” Stiglitz said yesterday. Krugman adds, “It’s rapidly becoming clear that yes, the [first stimulus] was too small.”
The McCain family appears to enjoy commenting on economic matters without knowledge. Despite conceding early on that economics was “not something I’ve understood as well I should,” John McCain ran a presidential campaign trying to convince voters that the fundamentals of the economy were strong.