…that the man leading the party that has ascribed an insignificant fluctuation in worldwide temperatures to mankind, packaged the phenomenon as a crisis, and crowned a failed Presidential candidate (don’t miss the link – it’s Al Gore – 100 lbs. ago!) and hypocrite as it’s King…
…would blame the failure of a private financial services company during what Alan Greenspan called yesterday a “once in a century” financial crisis brought on by a completely predictable (as to what, not when) collapse in the price of homes when the American congress is controlled by Democrats.
…and John McCain is the liar, huh?
Obama, the Democratic nominee, said President George W. Bush‘s policies have caused “the most serious financial crisis since the Great Depression.” He also called for “modernizing” regulations at a rally in Grand Junction, Colorado.
Obama’s economic literacy is limited to the balancing of a checkbook, and even that is an assumption on my part. Obama’s paycheck has never originated from anything other than a government entity. Anyone want to take a guess as to what Obama means by “modernizing” means in this context?
Here – let me give you a hint. Is it…
f. All of the Above
In all fairness, McCain was also quoted as saying more regulations are indicated, but at least he wasn’t obtuse enough to make a lame attempt to leverage the situation politically and blame it on President Bush.
Both candidates were trying to score points with voters looking for reassurance after Lehman Brothers Holdings Inc. became the latest casualty on Wall Street.
Guess what America? Our economy has cycles. Companies that have irrelevant or outdated business models are supposed to fail and all the better if it happens quickly. Sometimes the risk reward quotient yields the risk; the risks of doing business are realized. Our government can’t be expected to mitigate every risk of life and living in America.
…unless you are a pandering politician.