Search This Blog

Wednesday, September 24, 2008

Deciders

I cannot vote for McCain. In terms of the economy, simply based on McCain's history of having supported the type of deregulation that caused the mortgage crisis meltdown, he is risky. This long history of supporting financial deregulation indicates his economic principles.

In addition, McCain has chosen as an important economic adviser former Senator Gramm. Gramm is an architect of the deregualtion policies.

When you add together McCain's extensive history of support for deregulation on Wall Street and the people in his inner circle that advise him, namely Gramm, we don't see a reasonable and likely way out of the present economic crisis.

Obama on the other hand, does not have a history of supporting Wall Street deregulation. He does support Wall Street oversight so that these major financial institutions with their staffs of exceedingly sharp MBAs and JDs cannot concoct massive swindles. Somebody will be watching to keep it in check. This alone wins our support for Obama.

The scope of Obama's policy is broad and exceedingly more sensible than any McCain proposal. He is talking about benchmarks, attempting to rework bad mortgages so that those facing foreclosure can remain. Obama is not supporting a blank trillion dollar check that will bankrupt the American taxpayer for years to come. This is common sense something that seems missing lately. How could we trust the Bush administration with a trillion dollar check, for another poorly designed rush into giving billions to unscrupulous corporations on Wall Street.

Breitbart.com: Poll finds 18 percent of voters undecided
A large chunk of these voters say they are hurting on a personal level from the country's economic woes, and, like everyone else, they say the economy is the top issue. Most haven't decided who would best solve their problems as president; neither candidate has an advantage on handling the economy.

...Most of these voters are looking for a better life and a leader to help make it happen—and most haven't found what they seek in Obama or McCain.

No comments: