Monday, September 29, 2008

Not even two cents worth of wisdom

For those who like boxing metaphors to score debates, here's the most frightening one to come out of Friday night's fight: Neither Barack Obama nor John McCain laid a glove on the financial meltdown.

That both men are trying, Muhammad Ali style, to dance like a butterfly around the crisis reveals neither has come to grips with the severity and its implications for the next President. After they delivered their platitudes about protecting taxpayers (Obama) and forcing accountability (McCain), their wells ran dry of ideas.

With the daily headlines filled with warnings of another Great Depression, we really do have something to fear: that our next President isn't up to the job.

Neither candidate exhibited any knowledge of economics in general nor of the bailout plan in particular.

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