Sunday, September 07, 2008

McCainonomics 101

Sen. John McCain gave a preview of his view of economics when he talked about how his running mate sold the Alaska governor's jet on eBay.

"She took the luxury jet bought by her predecessor and sold it on eBay," McCain said. "And made a profit."

Except Alaska sold it for $2.1 million after buying it for $2.7 million. To most people that would be a loss, buying high and selling low. But for McCain that was a profit! Apparently that may be his secret plan for balancing the budget, treating deficits as surpluses.

There was another problem with the story, the jet WASN'T sold on eBay, state officials said they sold it through a broker.

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