McCain's Scapegoat - Wow scathing chewing out of McCain from The WSJ

[EV_Ares]

John McCain has made it clear this week he doesn't understand what's happening on Wall Street any better than Barack Obama does. But on Thursday, he took his populist riffing up a notch and found his scapegoat for financial panic -- Christopher Cox, the chairman of the Securities and Exchange Commission.

To give readers a flavor of Mr. McCain untethered, we'll quote at length: "Mismanagement and greed became the operating standard while regulators were asleep at the switch. The primary regulator of Wall Street, the Securities and Exchange Commission (SEC) kept in place trading rules that let speculators and hedge funds turn our markets into a casino. They allowed naked short selling -- which simply means that you can sell stock without ever owning it. They eliminated last year the uptick rule that has protected investors for 70 years. Speculators pounded the shares of even good companies into the ground.

"The chairman of the SEC serves at the appointment of the President and has betrayed the public's trust. If I were President today, I would fire him."

Wow. "Betrayed the public's trust." Was Mr. Cox dishonest? No. He merely changed some minor rules, and didn't change others, on short-selling. String him up! Mr. McCain clearly wants to distance himself from the Bush Administration. But this assault on Mr. Cox is both false and deeply unfair. It's also un-Presidential.

rest of the WSJ article @ link: http://online.wsj.com/article/SB122178318884054675.html

[Curtland1015]

1. Nice backhanded dig at Obama there. Obama as clueless as McCain?

Has this guy even been paying attention to the two campaigns?

[abumbyanyothername]

2. Well I'll take what we can get

We don't have to convince the WSJ that Obama is God. I think it's good enough that they have said McCain is no better than Obama. A statement like that can be accepted by their readers and will really discourage a strong McCain demographic -- that could shift outright to Obama, or just stay home.

Attitudes built up over years or decades are not reversed all at once, but a little bit at a time. We move people from strong McCain, to leaning McCain, to no difference, to leaning Obama, to strong Obama. Rarely can we move anyone from one extreme to the other in a single blow.

[CatBO]

3. Here's what I don't get...

Posters there on the feedback forum openly acknowledge that McCain is a terrifying candidate, one even saying that calling McCain a loose canon is an insult to "unchained artillery"... but then they say things like, "makes voting for him this November my toughest vote yet."

:wtf:

[Curtland1015]

4. It's because Obama is... *looks around*

...black!

Sad, ain't it? Racist Assh*les who KNOW our guy is better, but still won't vote for him...

[CatBO]

5. How? HOW? HOW!!!?????

How can people still be racist?

I grew up in Atlanta in the 1970's. I was a minority at a mostly-black school. I faced a lot of anger and hatred, from other kids and within my own family, that should have absolutely made me a total racist, and in fact it has made my brother a racist. But I'm not. I acknowledge there are good people, and terrible people, and skin color is not the factor on which I judge that.

But how on earth does the color of one's skin make people unable to vote for them? I mean, even if you're a racist -- my mother is a racist -- she still admits that there are black people she really likes. She just categorizes the rest of them... well, you can guess how.

I just don't see how someone as talented, eloquent and intelligent as Barack Obama doesn't transcend beyond skin color in everyone's minds. I haven't asked my mother how she will vote, being a racist she is of course, also a die hard Republican and also of course, a "Christian", so I know how she will vote.

But how can people not even open their ears? Not even listen? I just don't understand. It makes me want to rip my hair out.