Friday, September 19, 2008

When you've lost the WSJ

Then McCain has lost everybody. From the WSJ editorial today:

John McCain has made it clear this week he doesn't understand what's
happening on Wall Street any better than Barack Obama does. But on
Thursday, he took his populist riffing up a notch and found his
scapegoat for financial panic -- Christopher Cox, the chairman of the
Securities and Exchange Commission. [...] "The chairman of the SEC
serves at the appointment of the President and has betrayed the
public's trust. If I were President today, I would fire him."


Wow. "Betrayed the public's trust." Was Mr. Cox dishonest? No. He
merely changed some minor rules, and didn't change others, on short-
selling. String him up! Mr. McCain clearly wants to distance himself
from the Bush Administration. But this assault on Mr. Cox is both
false and deeply unfair. It's also un-Presidential. [...]

In a crisis, voters want steady, calm leadership, not easy, misleading
answers that will do nothing to help. Mr. McCain is sounding like a
candidate searching for a political foil rather than a genuine
solution. He'll never beat Mr. Obama by running as an angry populist
like Al Gore, circa 2000.

Wow.

2 comments:

JimII said...

Although, "John McCain has made it clear this week he doesn't understand what's
happening on Wall Street any better than Barack Obama does," is not exactly an Obama endorsement.

Matt Dick said...

Yeah, you're right, but it takes a lot for the WSJ not to endorse the conservative.