What is there “to take on” re: wall street? The problem with this latest meltdown is multiculturalism from the Clinton era, pressuring companies to give loans to EVERYONE so everyone can be equal.
McCain is making a big mistake here if he doesn’t blame who actually deserves to be blamed.
He should stop saying the problem is BOTH Republicans and Democrats.
Are you really saying no Republicans are to blame?
Remember, McCain is playing to the electorate. Not FReepers or political junkies like most of us.
I agree. Wall Street has been slammed hard enough by a president who has never liked them, and piling on more punishment won't be good for the economy.
That's not to say that Wall Street doesn't have its problems, but punishing everybody isn't going to work.
Members of both parties ARE to blame, notably Robert Bennett, Tom Davis, and Kit Bond make the list of top 10 senators with contributions from Fannie and Freddie.
http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html
What’s more, it his statement “I’ve taken on tougher guys than this before” is untrue. The NVA could only kill your body. The temptation to compromise with liberals will kill your soul - witness CFR and immigration “reform.”
BS..
The Subprime meltdown, in spite of all the talk radio talking spin, is a result of pure unadulterated greed, PERIOD. Loans were being made to anyone who could fog a mirror because everyone making them knew they could bundle them into CDO’s and sell them to the neverending demand for them on walls street.
GREED folks, greed. Trying to spin this into purely a partisan issue is stupid and will lose you votes.
The failure in all this was the LACK OF REGULATORY OVERSIGHT! Not too much!
The fundamental truth that Teddy Roosevelent pointed out long ago.. “Unfettered capitalism breeds corruption.”
Maybe I need to watch it again (only saw it on Morning Joe without my glasses on!), but I felt that the “I’ve taken on tougher guys than this before,” seemed directed at Obama. Maybe that’s because I see a POW who was clever enough to survive being compared pictorially with an empty suit, but I felt it was an effective message.