http://politicalticker.blogs.cnn.com/2008/09/19/wall-street-journal-editorial-board-skewers-mccain/

Hmm, seems one of the main economic publications thinks McCain is mishandling the situation. Usually it seems to favor the republicans. I think this is an interesting development

/Shrug.

Not too surprising really. McCain isn't too favorable to those big Execs. so... I also agree that Christopher Cox should be fired. He was put in place to stop corruption right? What happens inside Freddie Mac and Fannie Mae? Corruption at the highest level. If you hire a sheriff to clean up the town, but the town still has gun fights and lawlessness, you fire the sheriff and get a new one.

Someone I greatly respect says that he would put the now infamous former Governor of New York, Elliot Spitzer, in charge of this cleanup. He did things that made Wall Street angry, and they drug up dirt on him. Now this stuff happens after he is out of any power to do anything to clean it up. I am not sure Spitzer would be a wise choice or not, but pickup on his work and where he left off and continuing that would be a good place to start.

So in Review, McCain has at least one thing right. Mr. Cox must go.

It is interesting that the WSJ would go after him. Then again, it looks like an editorial so that should be noted. If people took my editorials as the gospel of VGC, Brett would have kicked my ass to the curb long ago. Editorials are opinion personality pieces, nothing more.

Anyway, my limited ecenomic understanding has also been down on McCain lately.

My Not so limited understanding of the economy says that I don't like what either side is saying. They are just politizing the whole situation. I have studied finance, and if Obama's economic propostions were put into place now it would be a disaster. I do like McCain's blaming of the greed and corruption better than Obama's pointing fingers at the GOP.... Hell, the Gop has not even been in power the last 2 years...

Didn't they do the same thing in 2000?

They aren't really a fan of him, because despite what people like to say about him he really isn't a rank and file republican when it comes to economy.

While he's hands off regulation wise... he still keeps an eye on companys to make sure he doesn't screw people.

A fun one is Ross Perot... he thinks John McCain is activly covering up POWs that fought with him in vietnam.

Yeah, it's only the last 2 years that got us here...

Well, its alot more than democrat, republican etc. ALOT of people are at fault here. Republican's for not regulating, wall street for taking risks and beeing greedy, people for buying more house than they can afford and the predatory lenders who misled said people. Democrats did not come in to fix it either. Thats the very abridged version. But im not gonna go into detail in this thread.

My not so limited understanding of the economy says me that McCain didn´t have a clue this week. There´s no need for me to repeat that here, since it´s easily found anywhere.
Indeed, both sides can't do very much to control this situation, but from someone who says he has a "not so limited understanding of the economy" I would at least have expected:

a) That the deregulation of the last 10 years or so, which is definitely a Republican economic view, is a main reason for the enormous panic on Wall Street (Europe for example has much tighter regulation and much less problems atm).

b) McCain is actually blaming Obama! That's ridiculous beyond end, and much more ridiculous than blaming the GOP, cause that has at least some truth in it. Corruption is nonsense, greed yes, but corruption? Totally deregulating Wall Street is like letting kids free in a big Toys R Us without any oversight and expect them to do their homework.

Corruption did occur a bit. Alot of it was the small time deals though, the ones that knowenly sold mortgages to people who could not afford it, collected the payments, then when they defaulted put it on the market again, rinse, repeat. Alot of this did happen.

Edit: and Bigjon, you say you know about finance, then you know for sure this took much longer for 2 years to get set up and occur. Don't forget 6 of the last 8 were Republican congress and pres. So to try and say its just the dems fault is clearly false. And obama's ideas are not that bad, some of them are not great i agree, but the same of McCain. When you choose a pres, you choose a package, you can't just pick the good or the bad. Its who is better overall. Though with the current bailout, I believe many of the issues on his plan may have to be put on hold. Same with McCain if he was elected.

The Wall Street Journal (and Wall Street itself) is very pro-Republican. Its obvious to most Americans that John McCain doesn't have a grasp of the economy, he has even admited it before, but for the Wall Street Journal to call him up on it is huge.