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Senator McCain Off the Mark As Usual

J.J. Jackson* | April 17, 2008 

Senator John McCain continues to demonstrate why he is not a very good candidate for the Presidency by blaming the imagined recession he claims America is supposedly in on “greed” on Wall Street.

Sen. John McCain this morning said “greedy” Wall Street investors are partly to blame for what he said is probably an economic recession the nation is now suffering.

“There has to be a modification of the greedy behavior of some of these people,” he said, using the word “greedy” repeatedly in remarks to the Associated Press annual meeting at the Washington Convention Center today.

Of course the first problem with McCain’s statements is that while growth of the American economy has slowed, it has not yet entered a recession. But you can’t expect a career politician to be smart enough to know that I suppose.

The second problem is that the REAL problem with the economy right now is the government itself which, under President Bill Clinton, sowed the seeds for the housing crash by implementing policies where lenders were coerced into making bad loans for bad investments to people that were bad risks.

If John McCain cannot even get his brain around these facts and that it is less government and not more government that is the solution to this current economic downturn, he is no better than Barack Obama or Hillary Clinton.

Senator McCain is right on one thing however. It is “greed” that is the problem. But it is the “greed” of politicians for more power and not the “greed” of Wall Street. The problems is the “greed” of people who took out loans for a bigger home than they knew they could note afford, or at the very least should have known they could not afford if they would have used math that a sixth grader should know. It is the “greed” of people who tried to invest in real estate without a plan for how to pay their bill. It is the “greed” of these same people that now want the taxpayers to bail them out of their bad investment.

And no, I’m still not voting for you in November. Just wanted to remind you of that Mr. McCain.

Contributor's website: http://www.libertyreborn.com




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