Monday, September 15, 2008

Crash

I imagine all those fiscal conservatives who pulled the lever for George Bush in 2000 and 2004 probably didn’t forsee this lede appearing in the New York Times before the Harvard MBA left office.
Will the U.S. financial system collapse today, or maybe over the next few days? I don’t think so — but I’m nowhere near certain. You see, Lehman Brothers, a major investment bank, is apparently about to go under. And nobody knows what will happen next.
Yet, how many of them now are prepared to vote for John McCain, who wants to extend and expand all the deficit-creating policies of the Bush administration? Even McCain’s high-profile supporters draw a blank when asked to identify a difference between the economic policies of Bush and McCain.

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