As this New York Times article reports, Linda McMahon presents herself in a hokey manner- she recently walked out onto a stage at one political rally to the sounds of AC/DC and paid tribute to Ronald Reagan, the “great communicator”, and has a yacht she calls, “Sexy Bitch”. The quotes from her speeches sound as if she and Sarah Palin share the same speech writer. However, despite her background and public presentation, the economic policies that Linda McMahon advocates show that she might not actually represent the interests of the middle-class or the average Americans she is hoping to represent. Instead, she is in favor of cutting taxes for corporations, eliminating the estate-sales tax, and adding more corporate entitlements.
Like Ronald Reagan once was, Linda McMahon is an advocate of supply-side economics or the trickle-down theory, which is sometimes referred to as Voodoo Economics. The idea is that giving corporations big breaks will create more jobs in the economy and that the money will “trickle down” to the middle class. As you can read HERE, there are some problems with this kind of economics and as most working class people have learned the hard way, most corporations lay off their workers at the first sign of economic trouble in order to please their stockholders. I’m not exactly certain how that helps the average working class Americans.
While many Washingtonian Democrats believe that Linda McMahon’s candidacy does not pose much of a threat because of the “genteel nature” of most people who hail from Connecticut, some are speculating that her big bank roll and the economic realities of Connecticut may make a Republican candidate more attractive than a Democratic candidate and are worried that her large pocketbook might pose a threat to the Democratic candidate, Richard Blumenthal.
Richard Blumenthal was elected as Attorney General in Connecticut; while his background is more traditional for candidates than Linda McMahon’s, his record demonstrates that he is willing to stand against corporations. (He was one of three Attorney Generals to sue a sub-prime mortgage lender for fraud and also helped file suit against Microsoft for anti-trust practices.)