Monday, September 15, 2008
Oh, the irony, it hurts! it hurts!
There was old John McCain trying to sound fierce on the economy while keeping in line with Prez Lame Ducks line of the economy being sound and never saying anything bad about the guy on whose watch it happened.
Flanked by Florida's three recent Republican governors, McCain spoke at Jacksonville's Veteran's Arena, promising to reform the financial regulatory system to ''protect the deposits of hard-working Americans.'' He said he will oppose any attempt to rely on taxpayers to bail out the troubled system.Looks like another Bush will be out of work soon. And this one had such great hopes of being another Phil Gramm.
The criticism was apparently aimed at the administration of President Bush but McCain never mentioned the president by name except to say that has has ''been a good president'' and has made America safer.
Sitting behind McCain was former Gov. Jeb Bush, who was hired a year ago by Lehman Brothers as a financial consultant. As governor, Bush served on the three-member State Board of Administration that agreed to let the state's retirement fund buy a series of questionable mortgage-backed bonds from Lehman Brothers. The subsequent steep drop in value prompted a $9 billion run on the fund last December by local governments who had invested their money in the SBA managed fund.
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