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Why Would You Trust a Life-Long Deregulator to Regulate the Markets?
I want to reiterate as plainly as possible a point that David and Josh Marshall both made yesterday.
McCain is now responding to the turmoil on Wall Street by saying things like, "We will have transparency and accountability and we will reform the regulatory bodies of government." American workers, he says, have been "betrayed by a casino on Wall Street of greedy, corrupt excess."
But why should we trust this guy to bring the proper regulation to the financial industry? Who is he to play the populist? He is a life-long supporter of deregulation, his campaign staffers made millions lobbying for failed lenders, and his top economic adviser, Foreclosure Phil Gramm, helped pass the deregulation that created this mess in the first place.
Update: The NYT mines this vein.
This is what Obama needs to broadcast long and loud. McSame's record on deregulation needs to come out. The people need to know what he and his cronies did to America.
One line I use on the blogs is why would we turn over the government ... to people who hate many aspects of the government?
McBush is so lame. Presidents have little to no influence on the Street. They can recommend, bluster, cuss and threaten, but the Street tycoons can tell him to cram it high. Besides, the government can be forced to bail them out if the dominoes begin to fall too rapidly. Wonder what would have happened if Merill Lynch, like Lehman, had not found Bank America? Two giants toppling? Government would have been there is a heart beat, I betcha.
Another lib said:"This is what Obama needs to broadcast long and loud. McSame's record on deregulation needs to come out. The people need to know what he and his cronies did to America."
I think Obama did that effectively today in Golden, Colorado. Hopefully, his great sppech today will be on youtube and broadcast in MSM. I saw a portion of it on MSNBC--it was Obama at his best!
can you believe the balls mcsame has, to say he will fix wall corupt street,when his had 30yrs.to do something and has done nothing except take good care of his rich crony buddies,your just another phony politation
Republicans are trying to blame the current market problems on regulation (not the lack of regulation) not allowing the markets to work properly. Would they suggest we let the whole financial and home mortgage industry melt without intervening?
In addition to the lipstick on a pig meme, the Obama campaign could do well to pick up on:
"D'you really want to leave the foxes in charge of the chicken coops?..."
Another lib said:"This is what Obama needs to broadcast long and loud.
very good
Another lib said:"This is
Another lib said:"This is what Obama needs to broadcast long and loud. McSame's record on deregulation needs to come out. The people need to know what he and his cronies did to America."
thanks
Republicans are trying to blame the current market problems on regulation (not the lack of regulation) not allowing the markets to work properly. Would they suggest we let the whole financial and home mortgage industry melt without intervening?
Göğüs Estetiği
The comments of the summer camp director are very true. Our kids go to camp each summer and return filthy dirty, with bug bites, sunburns, scrapes, bruises, and once a broken finger. But for a month, there is no electronic entertainment, nobody is babying them, and they have the freedom and authority to plan their days with much less structure than in school. There is much more tolerance for rough-housing than in the feminized Ritalin dispensaries our schools have become. They return happy, enthusiastic, and with visibly increased maturity and self-confidence.