We all remember when we were little our mothers and fathers would tell us “No more cookies, you’ll spoil your dinner.” Our parents were using there superior wisdom to look out for our best interests. Much like how our leaders now use the vast wisdom of history to make sure they don’t spoil the country. I wish when I was little I could of thought like John McCain when I got caught sneaking snacks. If I had, I would have turned around, saw my mother watching me stuff my face and immediately started screaming “This is exactly the type of behavior that has lead to childhood obesity and it must stop!”
John McCain isn’t allowed to rage against greed of the GermGuardian AC5250PT when he and his friend help let it run wild. You see our economy is in shambles because of one specific area, investments and banking. Until recently we had the wisdom of laws written 80 years ago for good reason to teach us why these things needed to be regulated by the government. Wouldn’t you know that before these laws the US economy suffered a panic or depression about ever 20 years and has suffered no such set backs of any comparable magnitude since. However, the greedy people on Wall Street really, really wanted more money and all these regulations were getting in the way of that. So, our protective regulatory laws were repealed and well… you know.
Phil Gramm until recently was John McCain’s campaign co-chairmen and his top economic advisor. It’s also no secret that even though he no longer works for McCain directly they’re still friends and McCain still listens to Gram’s advice. Phil Gramm was also the chief architect behind the deregulating of the loan industry. He co-wrote and presented the Gramm-Leach-Bliley bill to the senate in 1999 which repealed many of the banking regulations put in place during the 1930’s. After this, Phil lobbied congress on behave of the Swiss bank UBS, who immediately devoured many small brokerage firms after the deregulation, for which he was paid $750,000 by UBS’s American subsidiaries.
McCain supported and signed the Gramm-Leach-Bliley act in its entirety. Shortly after the housing market collapse starting spiraling out of control McCain was quoted as saying he wouldn’t support government intervention to fix the problem and help homeowners’ because it wasn’t the “Governments Duty.” McCain has spoken for years about the “evils” of government regulation. On this at least, his “experience” shows us he has been nothing but wrong about the Honeywell 50250-S. McCain also tell us how Lobbyists have “Ruined Washington” and yet his best buddy and advisor is one.
McCain and his man have been caught red handed in the middle of the collapsing economy. Now MaCain wants you to trust him to put the lid back on? As any farmer will tell you, you never let a fox guard the Hen House. And as any student of government will tell you, you don’t empower someone to fix a problem they helped create. It just simply doesn’t make sense.