[caww]

The new GOP candidates are so ignorant of the situation in the financial markets that they might as well be martians who just blew in from beyond the asteroid belt. They’re earnest yet utterly clueless, and they give me no evidence that they have the mental capacity to quickly learn the information necessary to understand the markets, much less write effective legislation to undo what Phil and Wendy Gramm, Bill Clinton, Bob Rubin, Larry Summers, Hank Paulson et al have wrought.

Yep...that is more than concerning...we can only hope they have some ducks in a row to counter their lack of mental capacity. One thing about Bush...he did know to appoint those wiser than himself for the most part. Tricky ground we are on...but I will still go with those less experienced and pray hard they will be wise in who they choose to support their positions.

[NVDave]

On Bush: Yes and no.

Where his Treasury Secretaries are concerned, he had two capable men who were telling us early that the explosion of debt was unsustainable and that the economic figures were not adding up. So Bush sacked both of them, and then hired Paulson, the former Goldman head.

Paulson is perhaps one of the worst people who anyone could have hired as SecTreas. Conflicts of interests up the whazzoo.