A blog by Nicholas Solter about politics and everything else
Posted in Economy on Oct 8th, 2008
The latest Republican talking point, as parroted by my local paper and Thomas Sowell, seems to be that the current economic crisis is not actually due to the deregulation of the investment banks and insurance companies. Instead, it’s because of the Community Reinvestment Act that encouraged housing loans to poor minorities.
In his excellent rebuttal in […]
Posted in Economy, John McCain on Oct 2nd, 2008
From CNN’s Political Ticker comes this gem from the McCain campaign:
John McCain said Thursday that Barack Obama’s poll numbers are rising as the economy seems to sink “because life isn’t fair.”
“He certainly did nothing for the first few days,” McCain told Fox News Thursday. “I suspended my campaign, took our ads down, came back to […]
Posted in Economy, John McCain on Oct 1st, 2008
It’s amusing to watch Republican presidential candidate John McCain claim to support government regulations and oversight in light of the current financial crisis when he’s been fighting against just that for his entire political career.
This video from BraveNewFilms illustrates this disconnect quite well.
Posted in Economy, John McCain on Sep 24th, 2008
I find economics confusing in the best of times, so the current situation in the United States is bewildering at best. However, I’ve found two articles that explain fairly clearly how the deregulation favored by John McCain and Phil Gramm has led directly to the mess in which we find ourselves. If you’re confused by […]