UPDATE: There will not be a one man infomercial this evening. McCain will be there and he did not have to have a study buddy or take three days to cram.
Obama’s priorities are just messed up PERIOD. That is why he is a junior senator.
Earlier this week, Barack Obama described the credit meltdown as the worst financial crisis this nation has seen in almost eighty years, and demonstrated that he didn’t even begin to understand its origins:
They said they wanted to let the markets run free, and instead they let them run wild. And in doing so, they trampled on our core values of fairness, and balance, and responsibility to one another. And as a result, we are facing a financial crisis as profound as anything we have faced since the Great Depression.
Wrong. We’re in this crisis because government intervened to impose its ideas of “fairness”, “balance”, and “responsibility to one another”. Congress demanded that lenders lower requirements for borrowers and then mandated that Fannie Mae and Freddie Mac buy the bad paper and resell them as securities in order to encourage overzealous risktaking. This is not a free-market failure, it’s a government-mandated collapse, thanks to a Congress that forced “fairness” over discipline and responsible lending. The fact that Obama to this moment still doesn’t understand that shows that he would not just repeat the same mistakes that led to the collapse, but would redouble efforts to mandate “fairness”, “balance”, and “responsibility to one another” — and lead us into the same trap all over again.
But even beyond that, Obama’s correct in noting the scope of this failure and the necessity of addressing it now.
http://hotair.com/archives/2008/09/26/whats-more-important-a-debate-or-a-financial-crisis/
Wow…I see the flames of Rome burnin while Nero does an infomercial.
http://uppitywoman08.wordpress.com/2008/09/25/while-nero-fiddled-rome-burned/
Barack Obama is committed to hosting a public, televised event Friday night in Mississippi even if John McCain does not show up, an official close to the Obama campaign tells the Huffington Post.
In McCain’s absence, the Senator is willing to make the scheduled debate a townhall meeting, a one-on-one interview with NewsHour’s Jim Lehrer, or the combination of the two, the official said.
Why did he not want to do townhalls when JM asked him this summer? Hmmmm.
