The Republican Convention carefully avoided reference to the economy. This was clearly a wise move as recent news of the economy has caused McCain’s support to plummet like the stock market. Obma now has a nine point lead according to the Washington Post-ABC News poll.
Voter confidence in McCain could not have been bolstered when after McCain denied that his advisers had any connection with Fannie Mae or Freddie Mac and he falsely accused Obama of such a connection, the New York Times reported that from 2005 until taken over by the government Freddie Mac has been paying a firm owned by McCain’s campaign manager $15,000 per month.
This comes on the heals of the revelation that while McCain condemned golden parachutes given to executives who run companies into the ground, it was discovered that one of his top economic advisers, Carly Fiorina, received a $21.4 million severance package (a.k.a. “golden parachute”) when she was dismissed by Hewlett Packard in 2005 after laying off thousands of people and taking the company down the road to insolvency.
McCain right now is having trouble taking a stand on economic topics that do not make him look hypocritical. He is even being accused of sexism on CNN in his treatment of Sarah Palin.