Obama talks economics.

This is why Obama will win in November, by exposing the utter bankruptcy of Republican economic policies. As he points out here, Bush has simply spent the last eight years promoting what amounts to Reagan "trickle down" economics, which demands that more money should be given to the richest members of American society in the hope that some trickles down to the poorest.

As Obama points out, McCain's economic plans are nothing less than a "full throated endorsement of George Bush's policies".

He also calls Bush's administration "the most fiscally irresponsible" in history. And McCain is running - for reasons only he understands - on Bush's economic record. It's simply suicidal.

As Obama shows here, he will imply take this guy apart.

Here are some of his best lines:

Obama mocked his rival presidential contender for confessing to limited knowledge about the economy, and for reversing his initial opposition to multi-billion-dollar tax cuts rammed through by Bush. [...]

"[McCain] calls himself a fiscal conservative and on the campaign trail he's a passionate critic of government spending," Obama said in Raleigh at the launch of a two-week campaign swing devoted to the economy.

"And yet he has no problem spending hundreds of billions of dollars on tax breaks for big corporations and a permanent occupation of Iraq -- policies that have left our children with a mountain of debt," he said.

Obama said that despite mounting home foreclosures nationwide, Bush had warned against political interference in the property market.

"Now, Senator McCain wants to turn Bush's policy of 'too little, too late' into a policy of 'even less, even later'," he said.

If McCain is genuine about having an election about policies that does not descend into a sideshow about "character", then he's toast. For the simple reason, as Obama points out here, that the US has been trying those policies for the last eight years and found that they don't work.

Tags: Barack Obama, John McCain, economics, US election 2008