Lamont Cranston
9/16/2008 4:40:00 PM
FRANKIE LEE wrote:
> On Sep 16, 4:20 am, "Sid9" <s...@bellsouth.net> wrote:
> > ...but I'll fix it." McCain.
> >
> > He sounds like Herbert Hoover reborn on the campaign
> > trail!
> >
> > Monday, September 15, 2008
> >
> > McCain as Herbert Hoover
> >
> > This morning in Florida, as the American financial
> > market implodes,
> > John McCain did his Herbert Hoover imitation once
> > again - something
> > that the Obama campaign frequently ridicules him for:
> >
> > "I think still - the fundamentals of our economy are
> > strong.",
> > McCain
> >
> > It makes a certain kind of sense for a sitting president
> > to make
> > this kind of assertion. George Bush has been saying the
> > very same
> > thing for several years as the economy stagnated and
> > financial
> > disaster loomed. But the fact that McCain feels impelled
> > at this
> > stage to embrace the economic-fundamentals-are-strong
> > line reveals
> > as clearly as anything the extent to which he is running
> > as a
> > quasi-incumbent, the extension of the Bush presidency.
> >
> > What McCain had to say today was this:
> >
> > "You know that there's been tremendous
> > turmoil in our financial markets and Wall
> > Street. And it is, it's - people are frightened
> > by these events. Our economy, I think
> > still - the fundamentals of our economy are
> > strong. But these are very, very difficult times."
> >
> > That's virtually indistinguishable from what George Bush
> > has been
> > saying this year. But ironically, McCain went on to
> > argue that what
> > is needed in Washington is a major change in the
> > government's
> > oversight of financial institutions, in particular
> > greater
> > transparency - and that he is the person to bring that
> > change!
> >
> > "This is a failure...The McCain Palin
> > administration will replace the outdated
> > patchwork quilt of regulatory oversight
> > and bring transparency and accountability
> > to Wall Street, we will bring transparency
> > and accountability and we will reform the
> > regulatory bodies of government."
> >
> > Never mind that McCain has been in Washington for
> > decades and done
> > little to beef up regulation and accountability (in the
> > Keating
> > Five scandal in the 1980s he sought to undercut bank
> > regulators and
> > then refused to hold himself accountable for the ensuing
> > bank
> > failures). Nor has McCain brought transparency even in
> > things
> > directly in his control (witness the vast numbers of
> > documents he
> > sealed from public scrutiny in his softball
> > "investigation" of Jack
> > Abramoff).
>
>
> ***is it not true that
....this economy is the direct result of George Bush's
economic policies that were implemented when the Republicans
had control of Congress?
Yes, that is correct.