Speaking truth with power.

Friday, September 19, 2008

Fundamentally Speaking

Earlier this week, the sky directly above Wall Street came crumbling to the ground. With the bankruptcy of Lehman Brothers, the discounted sale of Merril Lynch, and the federal bailout of AIG, fear has been on the rise. While it is somewhat 'neat' that we Americans now own a stake in an insurance giant (USA! USA!), the stakes of the Presidential race have been radically altered.

On Monday of this week, John McCain told a crowd of supporters in Florida that 'the fundamentals of our economy are strong.' When pressed about this seemingly retarded, I clearly didn't pick up a newspaper this morning, statement, McCain backpaddled and said he meant the workers - or "the voters" - were strong.

McCain, as well as Sarah Palin (a.k.a. the most experienced politician in American History) have been hitting the stump ever since, vowing to clean up Wall Street. This does, however, contradict sharply with McCain's almost career-long track record of deregulation, and favoring to allow the market to sort itself out.

When questioned about this, the McCain camp reminded members of the media that the Senator had spent five and a half years in a P.O.W. camp, and therefore was plenty qualified to fix the economy, or leave it alone, or anything else that will get him elected.

And while this may seem off-topic, now that we as a country own this insurance company, can we maybe extend coverage to the 40 million uninsured Americans?

Nah, I'm just kidding. That would be six types of crazy, and at least two parts Commie.



Anonymous Jonathan D. Sweet, Esq. said...

Does anyone have an unsettling sense that neither campaign understands macrofinance? I say, let the bad grapes whither on the vine ... lehman, aig, merrill, fannie and freddie, be damned. The invisible hand has waved them into the gutter, and there they should remain. It might hurt in the short run, but we are stronger for the purge. No intervention. Lets get back to the basics ... ploughshares, manufacturing, xenophobia and the Monroe doctrine. Chavez, dead. Putin, dead. Neidermeyer, .... well, you get the point.

Jonathan D. Sweet, Esq.

Jonathan "Adam Smith" Sweet

September 20, 2008 at 11:16 PM


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