I'll be the first to admit I know fuck-all about economic matters. I really can't follow the recent crisis beyond the fact that some folks got greedy and the regulations put in place the last time we had a big problem like this (like, 1929) were either weakened or ignored altogether. Beyond that, I leave it to smarter people to figure out and hope the best.
So, it's with some ignorant bliss that I chuckle as Obama dismantles John McCain over the Republican nominees seeming confusion over what the best course of action is. First McCain was all for letting the market "correct itself" and then just 24 hours later said he supported the Bush administration's massive bailout plan. You really can't have both.
Today, Obama twists the knife just a little but more by saying McCain is "in a panic." I love it. It's cuts to the core of McCain's perceived strength as a steady leader under pressure...and it's funny to imagine Johnny Mac running around screaming while the rest of us check our 401 (k) portfolios.
"At this point he seems to be willing to say anything or do anything," Obama said in a Reuters report.
But this is also why I am supporting Obama. From every incident the last two years we've seen McCain's reactionary impulses come out in contrast to Obama's thoughtful restraint. It's not that i don't think Obama would make mistakes as President, but that his approach to problems is what i think this country needs after either years of shooting from the hip.
"You don't do it in a day. We've got to do it in an intelligent, systematic, thoughtful fashion," he told reporters after meeting his advisers outside Miami
And check out this unrelated mention in the Reuters piece:
A group of black protesters holding signs reading "Blacks Against Obama" disrupted Obama's speech in Coral Gables but were drowned out by the crowd's chants of "yes we can."
They were led out by police after a brief interruption.
Blacks Against Obama? Really?