Thursday, October 9, 2008

KEATING ECONOMICS: The Making of a Financial Crisis

This message is brought to you brought on by John McCain and Sarah Palin.

So we can't exactly say they approve of this message. Let's just say they deserve it and leave it at that. Because these two politicians on the Republican ticket aren't elite (oops! there's that word again!) thinkers. Palin-McCain is a C-grade pair who can't figure out how to run on either the record or on their promises. If they think they can convince the rest of us that William Ayers, Tony Reznek, and Pastor Jeremiah Wright can be made a central issue of this campaign with less than one month to go, then they are even further disqualified for holding the highest office in the land. Because ....

Because we've seen it all before. This isn't the October surprise. This - or something like it - was totally expected. This is nothing but our young century's version of the previous century's Willie Horton attack smear.

So, in the spirit of digging up ancient recent history, The Vigil presents Keating Economics:Almost on the eve of Wall Street's September/October implosion, McCain and pals were still defiantly calling themselves the De-Regulators.

If they should grab the White House through the dint of any fraudulent chicanery, they will revert to form.


  1. Back on Biden told CBS's Maggie Rodriguez,

    "It seems like John's had an epiphany.

    9 o'clock yesterday morning John thought the economy was going great guns and the Bush administration is doing well and today he thinks it's in crisis.

    The trouble with John's epiphany is that it was only a political epiphany.

    Did he realize that this economic crisis is the final verdict on a failed economic philosophy of cutting regulation, of blind-folding the over-seers to let Wall Street do whatever it wants?

    I don’t think he got it....The problem with John’s epiphany is not that he saw the light - he saw the presidency slipping from his grasp, that’s what he saw."

  2. vigilante, YOU ARE EXACTLY RIGHT!!

    McCain is really screwing up, but this time the public sees right through the bullshit.

  3. I'm starting to really like this Joe Biden! He knows how to quickly get down to the nitty gritty and tell the truth with a statement that's memorable.

  4. Palin-McCain is a C-grade pair, and Bushit is a C- student. Coincidence? I hold the Keating 5 at least partially responsible for our upcoming depression.

    Good read at Huffpo

    Great post, Vig!

  5. Here's your one-stop-shop for information on KEATING ECONOMICS!

  6. The record is clear: here's the letter Obama wrote to Paulson and Federal Reserve Chairman Ben Bernanke on March 22, 2007, about six weeks after he'd declared his candidacy for the presidency. The letter stressed the need for immediate intervention to curb the "rising rates of home foreclosure in the subprime mortgage market":

    And while neither the government nor the private sector acting alone is capable of quickly balancing the important interests in widespread access to credit and responsible lending, both must act and act quickly.

    Where's McCain's letter which he referred to in the last debate?