Friday, September 19, 2008

Trust Obama & Biden to Lead in Reforming the US Fiancial Systems

What a mess our financial system is in! And John McCain has been contributing to it all the time he's been in the Senate by voting consistently for deregulation. (Can we call that one year of experience repeated 25 times as it concerns finance?) In choosing Sarah Palin as his running mate, he has done nothing to shore up the economic leadership credentials of the ticket.

On the other hand, Barack Obama and Joe Biden are leaders who have shown excellent judgment in support of rebuilding the middle class in America. They understand just how complex the current financial crisis is and what the Executive Branch can and cannot do to address the issues. In addition, the Democratic Party's track record on the economy is far better than the Republican Party's. If you'd like to see charts and graphs that show this, here's a link to an article by Reed Hunt at the blog Talking Points Memo.

It's my opinion that Barack Obama and Joe Biden have the qualities of character most needed to navigate the rough waters we're in. To get a sense for what they are thinking, read the transcript of Obama's September 17 speech in Elko, Nevada and his remarks today calling for bipartisanship to address the crisis and craft a plan for Main Street as well as Wall Street.

Update: September 24 - McCain's knee-jerk reaction to the debate between Congress and the Bush administration about how to deal with the financial crisis: Suspend his campaign, go to Washington (where he has no official role in the negotiating), and cancel Friday's first debate with Obama. I agree with this article by Joe Klein - it's a gimmick.