We need to be very clear about this latest economic catastrophe. The blame falls squarely on the Republican economic policies - practiced by George Bush and advocated by John McCain. For 28 years, Republicans have chanted the deregulation mantra and fought every reasonable effort to reassert any kind of effective government oversight that would have prevented this ongoing travesty.
This is yet another example of the massive and total failure of Republican ideology which, as Joe Biden points out, has led to “fewer jobs, increased foreign debt and skyrocketing oil prices.”
Via, Steve Benen at Political Animal I found this excellent article in the NYTimes by Jackie Calmes, who used to be one of the best reporters at the Wall Street Journal before it was taken over by Rupert Murdoch.
Essentially, if you are concerned about fixing things for the better and preventing these kind of things from happening in the future, you had better not vote for the guy who wants to keep doing the same thing they have been doing all this time. Obama is the only one offering a plan that would keep the country from going even further down the tubes, and he has been making that same case for over a year now while McCain has been totally silent.