Question: Who Do You Want Managing Our Economy?

First:

The bulk of the McCains’ obligations stemmed from a pair of American Express credit cards that are held in Cindy McCain’s name. According to the disclosure reports, which present information on debts in a range rather than providing a precise figure, Mrs. McCain owed $100,000 to $250,000 on each card.

John Taplin says:

I know what American Express charges for interest on a Platinum Card. A fiscally responsible household should probably sell some of the million of Anheuser-Busch stock they own and stop paying that 17% ARP on $500,000 worth of Amex charges. There are some other stark contrasts between the McCains and the Obamas. The McCains have a net worth around $40 million, almost all of it from Cindy’s holdings. The Obama’s net worth is closer to $4 million, most of it earned from Barack’s two recent books. Instead of going into debt they have managed to put $250,000 in a college savings account for their two daughters.

Link.

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