(Community Matters) Barack on Face the Nation. Good gosh, he’s gotten much better at this- more succinct and focused. He managed to remind Bob Schieffer of McCain’s earlier statements. Nevertheless, what they are both saying today is that this risk is real and the most threatening we’ve seen since the 1930’s great depression.
He’s not crowing but he is reminding us that it’s Bush’s economic philosophy (“voluntary regulation” of investment banks and deregulation) and that McCain has voted with George Bush more than 90% of the time. And, it was Barack calling Paulson and the administration two weeks ago saying that the solution needed to include: 1) oversight, 2) taxpayer protections and equity upside, 3) CEO compensation limits & 4) mortage relief for dupped (not fraudulent) borrowers.
A foreign policy meltdown as well as an economic meltdown. Barack saying what he doesn’t understand is McCain’s continued support for Bush’s policies. He’s become as clear and deliberate on foreign affairs as any longer tenured political leader.
He needs to get more succinct with his answer to spending cuts. Good: scapel, not an ax. Good: some priorities and some cut backs. Closing loop holes part of the solution.
Barack did well.