The events of the last two weeks, ie. the recent Wall Street crisis and impending $700 billion bailout, clearly demonstrates why each of the nominees and their parties are unfit to lead. John McCain suspended his presidential campaign to return to Washington last week in order to address the fiscal crisis that will result in the nationalization of our country’s banking system. After doing nothing and coming off as brutish in the debate, Mr. McCain proved himself inept. Continuing to shirk his senatorial responsibilities, the only contribution to the situation from the freshman senator of Illinois was an aloof, “Call me if you need me.” Now tell me, do you have the Messiah on speed-dial?
As last Friday’s debate approached, observers believed it was going to be exclusively about foreign policy. Not that I looked forward to 90 minutes of Senator McCain’s saber-rattling, but about half of it was dedicated to the financial mess and what each bonehead would do. It told us precisely why neither candidate should win. John McCain used the time to take a few new positions on the bailout, while it was the opportunity for Mr. Obama to tell the country that there isn’t a federal regulation he doesn’t like. (Lending institutions are bankrupt? Let the government take care of it! Public schools don’t teach enough sex ed? Let the government take care of it! Can‘t say anything nice about Barack Obama? Well, the government can take care of that - and you - too) One candidate promises intervention into the economy of our country while one candidate promises military intervention into other countries. Is there anyone still alive who remembers when the United States was a free country?
Regarding the financial debacle, Republicans point at Democrats while Democrats blame the Bush economic policies that (in their minds) forced banks to lend out money they didn’t have. It would be comical if not so tragic that the most irrelevant House speaker of all time, Nancy Pelosi, continually asserts that Democrats bear no blame for the bad money policies that are biting the country on the back side. As bad as the Republicans were, especially during the first six years of the Bush administration, it was the Democrats who promised in 2006 that they would end Mr. Bush’s atrocious war in Iraq and end Washington’s “culture of corruption.” Little did anyone know that it was only the corruptive majority party that would change. As for the economy, the Democrats blame the upcoming depression on the president “because it happened on his watch.”
That would seem a pretty damning charge, but Democrats Chris Dodd of Connecticut and Barney Frank of Massachusetts, who each head committees on banking, have each received generous amounts of money from Fannie Mae and Freddie Mac. Despite receiving warnings, the two corrupt politicians continually claimed that the institutions were stable and intact. Considering what we know now, then we should probably assume that because the Democrats were the controlling party of the whole legislative branch, then they are also responsible. They were the ones truly just watching as the economy collapsed. The absurd $700 billion bailout serves only to save their own butts and the butts of their partners in crime. If knowingly lending out unsupported money to unsuspecting people is not a crime, then I guess neither is waging an aggressive, undeclared war against a country that never attacked us. Just a little something for Democrats to chew on.
Barack Obama can probably coast to the White House now. Before the primaries, John McCain infamously said that he did not understand much about the economy. He spent the past week proving it (somewhere Mitt Romney and Mike Huckabee and probably sobbing). Barack Obama demonstrates more competence in talking about economics, regardless of whether the content he knows will be useful for taxpayers. People will be more willing to trust him to handle money matters.
Even after eight relatively good years, the American masses tend to tire of the incumbent party. While Ronald Reagan was not quite as spectacularly loved during the 1980s and Republicans gloat, his general popularity did not immediately benefit Vice President George H. W. Bush. And despite Bill Clinton’s little impeachment problem, his enormous popularity did little to help Al Gore. In 2000, George W. Bush and the Republicans tied Mr. Gore to Mr. Clinton, despite the latter’s popularity. Even though George W. Bush’s popularity probably does not need to be reiterated here, it helps to show how the GOP nominee, whoever it would be, was in for an uphill struggle. The incumbent party is always bound to face trouble after eight years in the White House. Incompetence and corruption would only compound the situation, paving the way for the opposition party.
So, what to do? My unsolicited opinion is to reject all faith in the two governing parties. This not-so-unexpected calamity regarding the nation’s economy, readily pointed out by Ron Paul, tells this writer everything necessary to decide that neither the Republicans nor the Democrats have the will nor desire to actually fix anything. Both parties stood by and watched as their mess came to fruition. John McCain’s ignorance and incompetence disqualify him from serving as president, with his age being the least of his problems. Barack Obama, who only intends to inject more fake money into the economy, somehow fund universal health care, raise taxes, and refuse to end a war that will soon be in its sixth unpopular year, will probably make taxpayers yearn for the good olds of George W. Bush.
Maybe the Alaska Independence Party in on to something.
Soon: Palin. What Happened?