Wednesday, September 17, 2008

“Regulation” week for McCain

This week the winds are clearly blowing in the direction of regulation, and so is “weathervane” McCain, the usual champion of deregulation. This is a more comfortable position for our "maverick" to assume, as the Wall Street meltdown represents the epitome of capitalism gone wild with any semblance of regulations put aside.

So, at least, no one can blame the old man for not going with the flow and not trying to show that he understands economics. At least he’ll feel better today as he learns that we, the tax payers, will bail out AIG; perhaps this is a measure of Bush-McCain concept of capitalism!

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