The furor started a clouple days ago when Republican presidential nominee John McCain could not answer a question about how many houses he owned. His answer to the questions wa "I think I'll have my staff get back to you," according the Politico. Within hours rival Democratic nominee Barak Obama sent out a blast e-mail asking his supporters to write letters to the editor exposing the real John McCain.
Yes, Mr. O'Bama if asked most middle class Americans could tell you how many houses they owned. However, the amount of property, weather it is the house you live in or ones in which you have invested, are not the issue. Mr. Obama himself owns a large, expensive mansion in Hyde Park, one of the most exclusive communities in Chicago. So, what is wrong with McCain owning seven properties. If the Democrats want to enter the property debate then they better be ready for the onslaught because this will bring up Mr. Obama's affiliation with convicted felon Tony Rezco.
Also, for the Deocratic party to complain about and use a property and wealth based argument is wrong because they compalined when John Edward's large custom-built home was discussed in 2004 is hypocritical.
John McCain makes no pretenses of fighting for a paverty alleviation agenda, but Democrats always do. This is not a problem, but the Democrats need to stop playing "gotcha" on the wealth issue because there is no individual below the pay grade of a John Edwards or Barak Obama that could possibly run for presidnet.
Streaming discussion about the financial situation, politics, and Public Policy as well as information regarding me and my trip down the stream called finance.
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This section contains link that talk about finance and economics. There are links to organizations, individual books, and articles.
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Capital Books
- A Treatise on Political Economy - Jean Baptiste Say
- Capital and Interest - Eugen v. Böhm-Bawerk
- On the Principles of Political Economy and Taxation - David Ricardo
- Online Economics Textbooks - University of New York, Oswego
- Principles of Economics - Alfred Marshall
- Principles of Economics - Carl Menger
- Principles of Political Economy with some of their Applications to Social Philosophy - John Stuart Mill
- Road to Serfdom - Frederic A von Hayek
- Wealth of Nations - Adam Smith
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