That's Your Own Advisors You're Mocking
"You know the economists? They're the same ones that didn't predict this housing crisis we're in. They're the same ones that didn't predict the dot-com meltdown. They're the same ones that didn't predict the inflation that's staring us in the face today."
Actually, there were economists, including me, who identified the housing bubble and predicted it would cause a recession. Some of these, including me, also correctly predicted that this downturn would be associated with high inflation.
Of course, most economists didn't predict the current stagflation. Interestingly enough though, some of them are in fact those who now serve as McCain's advisors or media supporters, including Don Luskin, Larry Kudlow and Kevin Hassett. So what McCain is saying is that the analysis of Luskin and his other advisors is useless. Of course, I agree with McCain on that, but it makes you wonder why he hires them as advisors.