Oh please! He sounds like a raging populist loon. Yeah, government reform and more regulations are just what we need. This from the guy who gave us McCain-Feingold.
Heaven help us. McBama - two sides of the same socialist coin.
he needs to start tieing pelosi and reid’s LACK of oversight to these financial problems.
If McCain wants to put our financial house in order, he needs to repeat this mantra. Reduce wasteful government spending! Reduce taxes! (especially on capital) Reduce the burden of government regulation! Maintain a stable currency! Foster low energy prices!
Push these policies.
Sure you need to punish fraud and cheating on Wall Street, ie. criminal activity. Don't simply punish success or luck.
Do these things and you will see a boom that will erase the housing bust and eliminate the credit crunch as investors both here and abroad regain confidence that they will be able to actually earn a decent rate of return on their money here.
On the flip side, if you increase regulation, let the Bush tax cuts expire, increase taxes on business ... in other words, the Obama plan, you will see a continued flight from the dollar and our markets and the housing bust will cause a banking crisis that will bring our economy down around us.
Saw McCain on FoxNews. Simply dreadful. No energy or confidence showing. “CEO pay”, “greed”, “immigration reform”. NOTHING about corrupt Democrats in Congress protecting Fannie and Freddie, or sweetheart mortgage deals for Democrats from Countrywide, or Obama’s allies in Fannie and Freddie.