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Edited on Mon Sep-15-08 04:22 PM by louis c
I take no satisfaction in the banking failures or in the stock market collapse today. Although it seemed inevitable to me at some point in time, since the policy of deregulation always brings about an economic disaster, (ie. Great Depression 1929, S&L crisis of 1988 and the Mortgage meltdown of today). I had to hold many a hand today as 401K accounts plunged under my members feet. I know the people most hurt are many of our friends.
The silver lining in all this will be that the average American voter (who I have consistently maintained has a deep lack of knowledge when they vote) will be more inclined to pay attention to important issues, like the economy. Before you flame me, Average to me means the 50.1% that cost us these elections, especially the middle class voter who votes Republican. It doesn't mean everyone in America who takes a ballot.
Now, it's up to the Obama campaign to take advantage of this situation.
My suggestion is to pin the blame on Phil Gramm, linking him to McCain and Bush, as they deregulated a banking industry that was safe and secure until the Republicans tampered with it. Allude to the S&L crisis, saying that that should have taught us a lesson when the Republicans caused that crisis through deregulation.
Hang the economy around the neck of John McCain in ads, speeches and surrogates. That's what I think today, what's your thoughts.
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