A Moment For Fiscal Courage

The Washington Post ^ | Sebastian Mallaby

[Col. Bob]

One year ago, it seemed reasonable to hope that the mortgage crisis would be contained. Since then, just about everything that could go wrong has gone wrong. The crisis has spread through the financial system and is metastasizing into a global slowdown. It cries out for a bolder government response than we have seen so far. So here is a test for candidates McCain and Obama: Which of you would provide it?

When the mortgage market crashed, it was plain that billions of dollars of real estate loans would not be repaid, leaving enormous holes in financial sector balance sheets. But the beauty of global capitalism is that fresh billions can be found. The Chinese and Arab governments were accumulating savings faster than American lenders were squandering them, so it was simply a matter of transferring the cash from one place to another.

[Col. Bob]

Would like to see your learned response to this idiocy.

[DH]

“It cries out for a bolder government response than we have seen so far.”

Government interference of private enterprise.......the government IS THE PROBLEM! Get the tainted finger of government off private enterprise and viola! Business will take care of itself.

[Red Badger]

It cries out for a bolder government response than we have seen so far....

No, it doesn't. If "the government" hadn't gotten involved in the first place, this would have never happened........

[Core_Conservative]

I think that all the people who overextended themselves in the mortgage industry have no one to blame but themselves - as well as the mortgage industry itself. They have been allowing people to take out mortgages of values greater than the value of the house because they were anticipating an increase in value over the years of the loan. The government should stay away and let private industry take their lumps for gambling with the housing market.

[SECURE AMERICA]

(It cries out for a bolder government response than )

How is part of the problem supposed to the answer to that problem?

[2ndDivisionVet]

Here are reasons enough to vote for McCain:

Obama’s Radical and Socialist Influences:

Saul Alinsky
Bill Ayers (Weather Underground)
Carl Davidson
Frank Marshall Davis (CP-USA)
Democratic Socialists of America
Bernardine Dohrn (Weather Underground)
Gamaliel Foundation
New Party
Socialist Scholars Conference

Political Allies and Advisors:

Ali Abunimah
Mohamed Salim Al-Churbaji
David Axelrod
Gregg Craig
Jim Johnson
Marilyn Katz
Anthony Lake
Robert Malley
Alice Palmer
Eli Pariser
George Soros
Cass Sunstein
Dorothy Tillman
Joyce Wheeler
Tim Wheeler

Religious Affiliations:

Louis Farrakan
Rev. Joseph Lowery
James Meeks
Rev. Otis Moss
Rev. Michael Pfleger
Rev. Al Sharpton
Jim Wallis
Rev. Jeremiah Wright

Organizational Affiliations:

ACORN
Arab American Action Network
Davis, Miner, Barnhill & Galland, P.C.
International Crisis Group
MoveOn
National Council of La Raza
Planned Parenthood Federation of America
Project Vote
Sojourners

Academic Affiliations:

Rashid Khalidi
Edward Said
Cornel West

Foundations:

Joyce Foundation
Woods Fund of Chicago

Money Scandals:

Nadhmi Auchi
Robert Blackwell, Jr.
Tony Rezko

Family:

Michelle Obama
Raila Odinga