"The fundamentals of the economy are essentially strong." John McCain, repeatedly over the last several months

The last eight years in U.S. politics have disastrous results. We elected a dull, but stubborn president, who has steadfastly held to his opinions without regard to consequences. We have tolerated an administration that has nearly dismantled all that was right about our government, turning it over to friends, cronies and partisan appointees.

We have tolerated the politicizing nearly every aspect of government, assaults on science, attorneys, the courts and even the Constitution. We allowed ourselves to fall victim to the propaganda that led to war in Iraq without a critical analysis of arguments in support of the decision. Global warming appears real and is worsening. Our economy is in shambles. The housing crisis deepens. Our currency has lost substantially in value, and our manufacturing base is a remnant of what is was only a decade ago, with our jobs leaving for foreign lands.

We seem to have surrendered our future to a political discourse that descends to the lowest common denominator, usually influenced by fear, personal attack and destruction, rather than dispassionate consideration of the merits.

If we are going to thrive once again, something has got to change. Here is my small contribution to that end.
« Economic Disaster and the Campaign
What Is Patriotism? »

Deepening Trouble, McCain Looks Foolish

For 26 years John McCain has ALWAYS stood for less regulation. Yesterday, he was against supporting AIG, but today did an about face and supported it. Today, he embraced regulation of the corruption on Wall Street…for the FISRT TIME, but he offered no plan or specifics.

First of all, I’m not clear that most of what has brought down the investment banks, Fannie and Freddie was illegal. Most of it was probably legal, but risky and born of greed. This situation is a direct result of inadequate regulation. Big business will ALWAYS move toward uncontrolled excesses that are destructive to the nation and its citizens, unless basic regulations insuring fair and sensible practices.

In Michigan today, McCain attempted to portray himself as a protector of the American worker, again for almost the first time. He has advocated a top-down approach to economics his entire career. Obama, perhaps more than any other Democrat because of his community organizing experience, advocates a bottom-up approach to the economy.

Think about it, if early on the Bush administration had supported home owners and trapped mortgage borrowers, the vast majority of the current wreckage to the economy and its infrastrucure might never have occured. Rebuilding the economic vitality of the middle class from the bottom up is EXACTLY what we need, and NOW!

This entry was posted on Wednesday, September 17th, 2008 at 6:32 pm and is filed under The Election 2008. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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