Freedom from Blog

Don't call it a comeback . . . .

Sunday, September 21, 2008

Evasions Evaded

A small point, but aren't we lucky this week that Obama and Biden are the nominees and not Hil? After all, if she were on the ticket, we'd be debating who was more responsible for deregulation of the financial markets, Saint John or Slick Will, who for some reason signed the repeal of Glass-Steagall in 1999, tearing down the walls that had kept compaines like AIG out of investment banking, despite almost party-line opposition by Senate Dems on the initial version of the bill. Clinton forced a rewrite designed to help minorities gain access to lines of credit, but in retrospect this looks like a bad deal. McCain has already tried to suggest, with extraodinary credibility, that it was all Obama's fault, somehow pulling the strings from his perch as a "community organizer." That dodge would certainly have been much more effective with a Clinton somewhere on the Dem ballot. I think I know how the press would have been spun.


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