Wednesday, October 15, 2008

The Very Foundation of the GOP Is Fundamentally Bankrupt

If you listen to the true conservatives - of the smaller governments, less taxes type - you will find our current situation as QED of why that philosophy is fundamentally bankrupt as a means of dictating governmental policy and action:
In hindsight, there's no question that we would have been better off if we had been regulating derivatives -- and had a clearinghouse for it...The Fed was really adamantly opposed to any form of regulation whatsoever. I guess if I had to do it over again, I certainly would have pushed for some way to give greater transparency to products which turned out to be injurious to our markets.
Really, there is no way for McSame or Palin to claim that they can fix this current situation by advocating "less" taxes and regulation that eventually goes away. You can trust Wall Street like you can trust a kid left alone in the kitchen near the cookie jar before dinner. And given McSame's record of advocating de-regulation over regulation, does he really represent the "change" we need? Not in my book.

Blog on friends, blog on all.

No comments: