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Alice and I love our life on the Northern California coast and welcome friends and family to enjoy it with us.

Tuesday, October 21, 2008

Missed Debate Opportunities

Editor

Had I been McCain’s debate advisor, he would have really stomped Obama. First he would have covered how Bill Clinton squandered the Peace Dividend after the Soviet Union collapsed, and then reaped huge tax revenues from the Dot.Com bubble until it popped and we entered the Clinton Recession of 2000.

Then President Bush brought us back from Recession until we were struck by 9/11 (planned and organized by Al Qaida during Clinton’s administration). Although “experts” said another attack was inevitable, we haven’t been attacked since. Our economy came back strong. We had higher GDP growth and far lower unemployment than other developed economies, and the stock market reached new heights. Republicans tried to increase regulation of Fannie Mae and Freddie Mac to prevent what is happening now. Democrats fought increased regulation, even ignoring the fact that Franklin Delano Raines, former Clinton Budget Director and Fannie Mae CEO, had to resign in disgrace in 2004 when he was caught fraudulently cooking Fannie Mae’s books to generate huge bonuses for himself and other former high-ranking Democrats.

Prosperity ended two years ago after Democrats took control of Congress. The rate of GDP growth slowed and unemployment increased. At the same time, the “surge” in Iraq was working, so Democrats called for immediate surrender. To Democrats, good news from Iraq was bad, and so was good news about the economy.

When John McCain tried to increase financial regulation in 2006, Barney Frank and the Congressional Black Caucus appeared on C-SPAN repeating over and over how Fannie Mae and Freddie Mac were just fine, didn’t need more controls, and that Republicans were racists for even bringing it up.

John McCain’s closing line: "Democrats set the house on fire, and now they say they're the firemen coming to save us!"

John McCain Campaign Advisor (Unsolicited and unpaid)

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