Word: eakin
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McCain economic adviser Douglas Holtz-Eakin tried over the weekend to make the case that it's Obama who more closely resembles Bush because they're both big spenders. But it's hard to see that one sticking. If this election becomes a referendum on the recent performance of the U.S. economy, Obama wins and McCain loses. It's as simple as that...
...China, since the U.S. has been spewing C02 for more than a century, and virtually all of those emissions are still in the atmosphere. China will follow us but not match us step for step, so the trapdoor would basically kill the deal. McCain economic adviser Douglas Holtz-Eakin recently floated the trapdoor position in an interview with the online environmental magazine Grist, but McCain quashed it in his Portland speech, promising action no matter what China does. "If the efforts to negotiate an international solution that includes China and India do not succeed," he said, "we still have...
Douglas Holtz-Eakin knew the 2003 Boeing Air Force tanker deal was a rotten, overpriced plan, but he was not supposed to say so. As head of the Congressional Budget Office, he had a simple job: crunch numbers, avoid policy disputes. But one day at a September 2003 Senate hearing, John McCain asked him directly: Do you think the deal should be approved...
...Holtz-Eakin replied, as his staff released a collective gasp of horror. Eventually, the tanker deal collapsed under a cloud of scandal, further cementing the bond between the Arizona politician and the Princeton-trained economist. "He got me," says Holtz-Eakin, remembering McCain's question. "I liked that...
...liked it a lot. The economist has devoted almost every waking hour since July working as McCain's unpaid senior policy adviser. "It is the hardest thing I have ever done," says Holtz-Eakin, 50. "I can live for an extended period of time on Twizzlers and Diet Coke...