Tuesday, September 30, 2008
John McCain - Economic Disaster
posted today (30 Sept 2008)
John McCain does not have the ability to fix this economic crisis. After declaring the fundamentals of the economy strong, he created a political circus in Washington last week by mucking up bailout negotiations; a deplorable stunt, considering he and his political cronies helped cause the current meltdown.
It was McCain and his economic adviser Phil Gramm who pushed for the deregulation (in 1999) that helped lead to the banking crisis, and it was McCain's crony Rick Davis who had deep lobbyist ties to Freddie Mac. Don't let others be fooled by McCain's economic grandstanding because the reality is his policies and principles will only exacerbate our financial hardships.
McCain is being deceitful with his sudden populist message and support for regulation; his economic policies still favor our nation's wealthy elite. Everyone knows McCain can't get us out of the mess he got us into in the first place.