Wednesday, September 17, 2008

The lessons from a "Reformer" gone bust

Until recently, McCain consistently described himself as an opponent of most government regulation. In 1995, he proposed an across-the-board moratorium on all federal regulations but that measure failed in Congress.
In a March interview with The Wall Street Journal, he said, and I quote "I'm always for less regulation. But I am aware of the view that there is a need for government oversight."
"As far as a need for additional regulations are concerned, I think that depends on the legislative agenda and what the Congress does to some degree, but I am fundamentally a deregulator," he said.
As his campaign has developed and the situation on Wall Street has worsened, McCain gradually has added increasing regulation of the financial sector to his reform themes but has provided few specifics.
Is this man a plagiarist? Is he having trouble remember what he says?
I guess to be blunt, " He does not get it", not that he does not care, but he does not know.
Is this the man you want?
We need someone who has better judgement and a ready-made plan of action in these difficult times.

1 comment:

Unknown said...

Hi,
Great post. Definitely in agreement.