In this post you go too far in blaming the Democrats and saying the Republicans are not to blame
Actually, I did blame Republicans for not being aggressive enough (playing it politically safe) by not being willing to risk alienating the latin (citizen) voters. Even McCain has had to walk the political fence and not risk creating opposition from his Latin voters in Arizona.
Hmm.. so maybe you can show us where Republican Leadership was ever in favor of amnesty for illegal aliens, let alone in favor of advocating that banks lend to non-credit worthy individuals?
And yes, the ultra-Republican platform has often been in favor of deregulation, which I oppose. But both the Clinton administration and the Republican congress passed the Gramm-Leach-Bliley act. And much of this was because US banks were at a global disadvantage to European and Asian banks which didn't have such separation between commercial and investment banks.
As for who has a better shot at fixing it, I think McCain has drawn the proper stance. He wants relief for mortgage holders, which I believe is critical in order to put a backstop behind the demand curve and I don't perceive him as any friend of Wall Street fatcats.
McCain knows nothing about the economy and can't be trusted to deal with it correctly.
I certainly don't believe that Obama has any idea about the economy either. All he possesses is "book knowledge" and he'll be just as influenced by those who hope to look to the government to use taxpayer money to perpetuate many of the policies that got into this mess in the first place (specifically creating government incentives that put illegals and other non-credit worthy people into homes they couldn't afford).
I'm not claiming McCain is perfect, but I think we'll have a more reasonable chance of having someone who's not particularly a favorite of the far left, OR the far right. I don't perceive Obama as having established his credentials as someone who can oppose folks like Barney Frank or other democratic political heavyweights.
As for antagonizing Russia, something tells me that the recent financial turmoil, and the disappearance of billions of dollars in Russian wealth has created a epiphany within the halls of the Kremlin with regard to alienating the West. Given their dependence upon Western economic growth to buy their commodities, I don't think they'll be as willing to stir up trouble.
Hawk |
