John McCain on the state of the economy

1/10 McCain: I don't believe we're headed into a recession. I believe the fundamentals of this economy are strong, and I believe they will remain strong.

Huzzah, the fundamentals are strong!

From Friday's debate:

Hey folks. I think that I need a new handle to maintain parity with the other "men" at this site, and I'm taking suggestions. It doesn't have to start with G, but it would be nice to maintain some connection to the name of the blog

Current candidates:

• G-man
• Grooveyman
• Unman
• Gingerbreadman
• Gingerman

Unman is my fav, but it doesn't start with G. After that I like Gingerman for the gingerbread and literary references. I would probably use this image as my avatar:

This post is not about the horse race or who "won" the debate. This post is about the greatest problem facing America today, a greater problem than we have faced in many years. This post is about the economy. I'm sorry to say that neither of the candidates took the opportunity to address it in a serious manner.

We are facing the worst economic crisis since the 1980's. WaMu just set a record as the "Largest U.S. Bank Failure Ever." (Mazel-tov, WaMu.) Investment titans are on the knees, the ones that haven't gone under or been torn apart. Debt is at a historic high. Credit is tight. People are losing their houses and their jobs. Everyone is angry. Everyone is afraid.

I wrote this piece some years ago, before I was 30. I'm now probably in what could be called an on-schedule midlife crisis, but this article still seems relevant. I've updated it slightly to make it current with the times...

America is fortunate to have a choice between two men of honor this election year. In another election, the candidates might have tried to exploit the financial crisis for petty political gain. But not this year. John McCain has gone so far as to propose delaying the first debate with Barack Obama so that they can solve our crisis:

The blogosphere is abuzz with rumors about a secret deal between John McCain and Satan. A contributor to popular political blog, TPM Cafe, first broke the story last week in a post entitled, Lady MacDeath - A Faustian Bargain of Sinister Deception. According to blogger TheraP, who does not quote any sources, Satan promised John McCain the Presidency in 2008 in return for sacrificing his soul and selecting Sarah Palin to be his running mate.

Oh things are going well my friends. This stock market crash could not have come at a better time. Just look at John McCain squirm. All we need are a few more major bankruptcies, and we'll have the election locked up. As a special bonus, the greedy bankers are getting screwed too.

Back in the doom-and-gloom days of...um...last week, there were a number of stalwart cheerleaders at TPM Cafe who airily assured us that Obama had everything under control. While I wasn't particularly concerned about the polls--I've seen enough elections not to get my knickers in a twist over weekly fluctuations--I had the sense that at least some of those cheerleaders would insist that all was well up to the moment of crushing defeat. The knowing assurances that Obama's hesitance to attack was part of his rope-a-dope strategy seemed the most suspect.

with apologies to Sam Cooke

She don't know much about history
She don't believe in biology
She wants to change the science books
She wants to fire the White House cooks
But she does know how to speak on cue
And she knows if she makes fools of you
What a wonderful veep she would be

She don't know much about geography
She don't know much foreign policy
Don't know much about George Bush's war
Don't know what a VP is for
But she knows that one and one is two
And if McCain just tells her what to do

Those who know my writing here are aware that I have little love for Hillary Clinton. Had she won the nomination, I would have voted for her but not happily. But whatever her flaws, Clinton is extremely intelligent. She has a better command of public and foreign policy than any other candidate who participated in the primaries. Barack Obama, of course, is brilliant in his own right, as is Joe Biden.

Sometimes I feel as if we're all participating in some kind of psychology experiment and that any minute now, an old guy in a white coat will peer down from the heavens and tell us that we can remove our armbands and go home. Recent political events seem designed to expose our rational failings and prove that in the end, we're all just rats in a maze.

From Greg Sargent at Election Central:

The McCain campaign triples-down on its "celeb" sneer, releasing a
third ad on the topic that hits the theme even harder than the last
two...Clearly, the McCain camp thinks this is working, and they're going to keep hammering away at it for weeks, if not months.

Two month ago, John McCain challenged Barack Obama to visit Iraq, expecting him to decline, but Obama called the bluff. He saw McCain's Iraq and raised him Afghanistan, Israel, and three European nations. Never one to fold easily, McCain raised Obama right back.

According to the non-partisan Tax Policy Center, John McCain's recently released tax plan is very regressive "even compared with a system in which the 2001-06 tax cuts are made permanent." It provides "relatively little tax relief to those at the bottom of the income scale while providing huge tax cuts to households at the very top of the income distribution."

After a string of embarrassing election losses, Republicans have had enough. In a major address to the American people, Representative Jeb Hensarling of Texas, chairman of the underrated Republican Study Committee, has declared that Republicans leaders are feeling sober.

This world is the will to power -- and nothing besides.
-- Nietzsche, The Will to Power

Nietzsche has argued that the will to power, the will to not only survive but to dominate, is the fundamental driving force of all life. The will to truth, by contrast, is subsidiary. We seek truth in order to increase our power. But Nietzsche regards truth as an artificial construct. The powerful are capable of creating truth as an exercise of power and as a means of extending their dominance.