Wednesday, October 08, 2008

Will the real McCain please stand up?

About a year back, McCain said that homeowners were responsible for their own futures and they were primarily to blame for bad investment decisions taken during the purchase of their homes. Yesterday, McCain proposed a $300 billion bailout for homeowners and a sketchy plan for buying up distressed mortgages. So, he is now for government backed spending before he was against it?

A couple of weeks back McCain said that the fundamentals of the economy were strong. That same day in the afternoon he said that the economy is on the brink of a collapse. He flip flopped from being a believer in the strength of our economy before he came against it in the same day! All of his life, McCain has been a deregulator and believer in the fundamentally flawed assumption that the free markets know best. Now he is an ardent supporter of tightly regulated markets. Which one does he really believe in? I think there is a clear credibility problem.

While he is busy abandoning the 'free markets know best' principle by the wayside as it starts to become an inappropriate calling card, he is planning on reviving the same failed principles to our health care. He plans on forking out $2500 to individual Americans per year hoping that this is going to cover the rising individual healthcare costs. Added to the healthcare proposal are plans on deregulating the entire health care industry. Now that we have failed utterly with the deregulation of the financial services industry, let us try and apply the same failed deregulation policies to our health. Will the real McCain please stand up?

Watching the debates yesterday, I noticed a wheezing, breathless, cantankerous old man barely managing to latch onto questions and mounting vapid combative responses at the debate yesterday. Maybe this is the real McCain.

Oh, I forgot to add. It was clear that Obama won the debate.


Anonymous said...

The WHEEZING was unmistakable. He most definitely struggles to breathe. I'm surprised none of the major news organizations have picked up on it.


JafaBrit's Art said...

err, you mean "that one" won the debate ;)

Can you imagine if the public had believed and supported Bush's Social security plan. arg!

Sindhu Gangadharan said...

McCain was really terrible in the debate....literally could not be watched after a particular point...he was lying in broad daylight!!!