More on McCain economics...

Apparently I was channeling Jared Bernstein from The American Prospect when I wrote about McCain's lack of economic sense last night. Bernstein has a lengthy piece online today. It's a great piece - read the whole thing here. Highlight,

But I still think there's a lot for the electorate to consider regarding McCainonomics. Given his predilection to follow the George W. Bush agenda, some critics have labeled him "McSame," attempting a guilt-by-association strategy. There's a lot to be said for that strategy. His voting record reveals him to share Bush’s deregulatory zeal, but I don't think it's that simple.

In his heart, I think candidate McCain wants to fundamentally alter the economic landscape of government's role in the economy by deeply cutting non-defense spending, from discretionary programs to entitlements. He gets there not because he's heartless but because that's the unforgiving combination of his arithmetic and his ideology.