Thread: Wall Street editorial journal skewers McCain

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.

Read the full story here.

It must really suck to not know how the economy works in the slightest and surrounding yourself with people who do not either.

Originally Posted by CraK

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.

Read the full story here.

It must really suck to not know how the economy works in the slightest and surrounding yourself with people who do not either.

To be fair, few US presidents have really had more clue about the economy than he does. Granted they at least had the brains to surround themselves with people who did.

Originally Posted by DamageX

To be fair, few US presidents have really had more clue about the economy than he does.

I believe Jimmy Carter claimed to yay for 21.5 percent interest rates!

Originally Posted by AmateurFlix

I believe Jimmy Carter claimed to yay for 21.5 percent interest rates!

I said few. Besides, if you think 21.5% interest rates is bad, you should see 700% interest rates in a developed country, 10 or so years AFTER Carter's time as president.

heh, I don't want either, lol.

Originally Posted by DamageX

I said few. Besides, if you think 21.5% interest rates is bad, you should see 700% interest rates in a developed country, 10 or so years AFTER Carter's time as president.

Hey you lived in Argentina!

Argentina has crazy interest rates like that?

No right now, but we used to. We are going to something like that again...

Originally Posted by benito

Hey you lived in Argentina!

Hmmm, that just made me realize that I should've used a different term than "developed country".

Just to clear things up, the country I was referring to didn't have too huge economical problems at the time, other than those influenced by the global recession during that specific period. The rate hike was from 8% something to 700% in a matter of weeks or thereabout. Don't remember too clearly, but it was really fast, and the move was designed to protect the national currency from getting shorted more than necessary.