The stock market is crashing to new lows on an almost daily basis, banks are dropping like flies, Americans everywhere are losing their jobs, their homes and their health care, and what does McCain propose we do about it?
He wants to “form a commission” to find out what went wrong. As if he and his Republican cronies weren’t directly involved in the deregulatory frenzy of the ’80s and ’90s that created the mess we’re in today. As if nearly 30 years of Ayn Rand-inspired fiscal irresponsibility on the part of Alan Greenspan didn’t produce the chaos we’re seeing now. No, John “Keating Five” McCain wants to sit down, roll up his sleeves, and TALK ABOUT IT.
But the man who aided, abetted, and personally profited from the last major banking crisis of recent memory now has different words for the fat cats that have been bankrolling his current campaign:
John McCain struck a tough, quasi-populist pose this morning during his morning sweep of the television news shows. Speaking to NBC’s Matt Lauer about the current crisis on Wall Street, the Republican nominee said executives have “treated it like a casino and need to be held accountable and stop walking away with these fat-cat packages.”
McCain also insisted the “fundamentals of the economy are strong”. After his remarks on Monday were ripped roundly by everyone with half a brain, he later defended himself by saying he was really talking about the American workers. As if the American workers can be “strong” even though they don’t have jobs and their incomes are steadily dropping.
McCain doesn’t have the solution to the problem; he is part of the problem. He wants to keep fiddling while Rome burns. Pathetic.