Adolescents at Play

Yesterday it hit me why the repubs and this bailout are so offensive. They remind me of adolescent boys - "you can't tell me what to do!...oh, Dad, I wrecked the car now you have to pay to get it fixed."

On the "you can't tell me what to do front, this post via the NYTimes
Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say....The value that he brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again,” said Robert McCarson, a former spokesman for Fannie Mae..."

And, we have only to look at China to see what "less regulation" gets us - 13,000 sick babies because of melamine in their formula, lead paint on children's toys and tainted prescriptions. Less regulation, my @$$.

Well at least the Dems are developing some backbone about it. Nancy Pelosi:
“We will not simply hand over a $700 billion blank check to Wall Street and hope for a better outcome. Democrats will act responsibly to insulate Main Street from Wall Street."

I love Warren Buffet (who, not long ago, chided the repubs because he pays lower taxes than his secretary)! Read his 2003 warning about this collapse.

George Will (really? George Will, the conservative??) said yesterday that McCain looked "unpresidential" last week. On the other hand, Obama was comfortable, conversant and presidential. The result: "Tellingly, three former SEC chairmen, a Democrat, Arthur Levitt, and two Republicans, David Ruder and Bill Donaldson, have endorsed Obama."

By the way, shouldn't we be going after the Wall St high rollers' assets to defray the cost of the bailout?

And, did anyone else notice the difference between McCain's comments and Obama's on 60 Minutes last night? McCain's actions as president would be to take the political office out of the White House (commendable, but pretty irrelevant at the moment). Obama laid out clear actions on the national and international stage. Take your pick of Google links about the interviews.

Gobama!!