Well, the Elderly Senator from Arizona is NOT the first GOP Candidate to make this mistake.
But to get to the actual topic, I will phrase it as a question:
why do these Republicans mistake Salespeople for Experts in Economics?
And in McCain's case, he has Salesperson Carly Fiorina as a chief economic advisor.
Am I being too facetious to ask the further question, is there any acceptable excuse for a not-particularly bright 8th grader to confuse a Salesperson for a Economist?
Definition time (just to beat this horse dead, fully and completely):
noun: a person employed to sell merchandise (as to customers in a store or to customers that are visited).
1archaic : one who practices economy2: a specialist in economics.
And from the Wiki article:
This article is about the profession. For the news publication, see The Economist.
An economist is an expert in the social science of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophical theories to the focused study of minutiae within specific markets, macroeconomic analysis, microeconomic analysis or financial analysis, involving analytical methods and tools such as econometrics, statistics, economics computational models, financial economics, financial mathematics and mathematical economics.
Even a successful salesperson is not an economist. So why did McCain pick a computer Salesperson as his Economic advisor?
Ask him, not me.
Oh; and how successful a computer Salesperson was Carly?
From her Wiki article:
On 9 February 2005, Carly Fiorina was dismissed as Chairman of the Board and Chief Executive Officer of Hewlett-Packard. Fiorina said in a statement:
"While I regret that the board and I have differences about how to execute HP's strategy, I respect their decision. HP is a great company and I wish all the people of HP much success in the future."
She was replaced by Patricia C. Dunn as Chairman, and then-C.F.O. Robert Wayman as C.E.O. Hewlett-Packard's stock jumped 7% on news of her departure.
So McCain's chief Economic Advisor is not only not an Economist, but the stock price of the company she used to run jumped up 7 points, when news of her departure hit the street.
If this is any indication of the sort of cabinet a President McCain would pick, we might actually be better off with four more years of Plastic Turkey Man, than the Old Man. Not really, but ya know??? Six of one half-a-dozen of another, at the very least.