The CNN video attached to the article is well worth watching because McCain is just terrible. His eyes stay glued to the teleprompter, proving yet again that when it comes to the economy he has no idea what he’s talking about. His war-hero credentials are all fine and good if Iraq is the issue (though why he did a propaganda video is another question) how in the world does that show that he is the person to lead us out of what Goldman Sachs is now calling a $1.2 trillion credit crisis?
The best McCain can do is uncomfortably stumble through the teleprompter words and tell everyone what they already know. Speculative buyers and shady loans? You don’t say! Gosh, what a story. The real whopper is when McCain calls for easing “regulatory, accounting and tax impediments to raising capital.” Really? And here I was thinking that the lack of regulation has been critical to the runaway credit problem. The last thing we need is less regulation or more tax incentives for this group. Why would we ever make it easier for the industry that is dragging down the entire US (and probably global) economy? Don’t journalists ask questions these days or will they just let McCain read scripts written by economists who created these problems?