Friday, September 19, 2008

That lying sack of horse excrement

Ok, that might be a bit harsh. But only a bit.

This morning I turned on the TV to find John McCain trying to blame Barack Obama for the stock market meltdown. He said that Stnator Obama should stop lecturing and own up to the "fact" (bull) that this meltdown was brought on by a "culture of corruption in Washington" wiht lobyists and special interests and that Obama was "front and center" a part of that all along.

This from a man who has as many as 39 big-time lobbyists on his campaign staff or among his advisers. This from a man who has been part of that Washington culture for 36 years. The F*#&ing hypocrite!

Far worse however is the fact that McCain is far more culpable in this mess than is Obama. McCain's chief financial adviser is Phil Graham (whom I once had the opportunity to kick in the shins but unfortunately passed it up). Graham is chairman of UBS, a major player in the sub-prime mortgage scandal, and the person who wrote the biggest and worst de-regulation law of the post-Regan era, the Gramm-Leach-Bliley Financial Services Modernization Act of 1999. That was the law that rolled back the depression era Glass-Steagall Act of 1933, which had established the FDIC and was designed to help prevent EXACTLY the type of mess we are now in. It's worth noting that Graham-Leach-Bliley was signed by President Clinton, but the vote in the senate was along party lines, which means that John McCain supported it. Gramm-Leach-Bliley allowed banks and brokerages to compete against one another and to merge, and according to many economists is what lead to the sub-primer mortgage crisis that precipitated the financial meltdown we have been experiencing this week. In other words, John McCain and his chiefe economist ARE DIRECTLY RESPONSIBLE FOR THIS MESS!!!!!! They know this, so they lie lie lie and try to blame it on the guy who was in the Illinois State Legislature when the die was cast. They know that if they tell a lie loud enough it will obscure the truth.



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