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Posts tagged ‘financial crisis’

18
Oct

US Desperately in Need of a President, but I Don’t See Any

This guy somehow wrote a column that word-for-word explains my thoughts on this presidential race, the state of the country, and the candidates. I think it’s a must read, and then more importantly we need to do something about it.

Excerpts:

McCain and Obama seem to have cut a secret pact to duck any honest discussion of what the financial crisis means and how they would guide the nation through it. Even more infuriating, they’re getting away with it.

Call it what it is – fraud.

Just as investors bought subprime securities marketed as AAA, we’re being asked to pick a President without knowing the truth behind the talking points. Transparency is at least as necessary in the White House as on Wall Street.

Part of the blame belongs to the debate moderators, who have been too gentle. Wednesday’s maestro, Bob Schieffer of CBS News, tried to get the candidates to address how the crisis would force them to change plans, but they swatted him away and he didn’t persist.

 

Link:
Goodwin at the NY Daily News