I'm glad whenever they cut interest rates, I wish interest rates were zero

I'm glad whenever they cut interest rates, I wish interest rates were zero

John McCain, the late senator and former presidential candidate, was known for his strong opinions on economic policy. One of the issues he frequently discussed was interest rates and their impact on the economy. McCain often expressed his support for cutting interest rates, believing that lower rates could stimulate economic growth and help businesses and consumers alike.

In a 2008 interview with CNBC, McCain stated, "I'm glad whenever they cut interest rates, I wish interest rates were zero." This statement reflects McCain's belief that lower interest rates can spur investment and spending, leading to increased economic activity. By advocating for zero interest rates, McCain was expressing his desire to see the economy thrive and create opportunities for all Americans.

McCain's stance on interest rates was influenced by his background as a businessman and his experience in the Senate. He understood the importance of access to affordable credit for businesses and individuals, and believed that lower interest rates could make borrowing more accessible and affordable. By advocating for zero interest rates, McCain was advocating for policies that would benefit the economy as a whole.