The latest economic proposals from McCain really stink. Things like lowering the tax rate on Individual Retirement Accounts and 401(k) plans to the lowest rate and removing taxes on unemployment pay would make almost no difference at all and/or send more wrong signals. However, Obama continues to surpass any challenge and has now come up now with the stupidest proposal ever: remove all penalties for withdraw from IRA or 401(k) retirement accounts.
For a country that saves way too little, to make retirement savings even easier to withdraw is just plain stupid. So much for the smart regulation talk, eh?