"John McCain is up with an ad touting his "experience" to deal with the financial crisis. But no specific experience is cited--which is attributable to the fact that McCain has been a happily orthodox Republican when it comes to financial regulation these past 26 years...
This has been the long-standing Republican bait and switch--scaring small businesses with the threat of new regulations if the Democrats win, commiserating with larger businesses about the evils of environmental and plant safety rules, while lifting as many regulations as possible governing the financial titans whose credit should be at the heart of new economic development...
What we are seeing on Wall Street today is the result of an ideology gone amok. There was call to loosen and change the antiquated regulations governing investment back in 1980. But the Republican era has seen that loosening go to the point of near-cataclysm. And today he said, once again, 'The fundamentals of our economy are strong.' I hope he's right, but it's entirely possible that he knows as much about our economy as Sarah Palin knows about The Bush Doctrine.
http://www.time-blog.com/swampland/2008/09/their_brand_is_collapse.html
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