Senator McCain parachuted into the negotiations for the bailout bill, blew up the deal, and then decided that his work was done and he could in good conscience go off and debate.
So what kind of bill does he back? One which removes even more regulations on capital.
He's certainly proving that he doesn't really understand economics.
What the hell does he think is going on here? The financial industry, in part because it was unregulated, began selling credit instruments which made no economic sense but generated millions if not billions of fees, and he wants to reduce regulation further?
A lack of understanding doesn't cover it; McCain is certifiably an idiot.
Posted by Linkmeister at September 26, 2008 03:20 PM | TrackBack