McCain: Let the Market Do the Job
By Joey Peters on March 28th, 2008
Posted in Politics for the Hell of It | Comments Off
In a time when consumers’ views of the economy are gloomier than they’ve been in five years, the Presidential candidates are devoting more and more rhetoric to fixing our stalled economy. While the Democratic candidates announced government remedies to help heal the situation, Republican candidate John McCain got more specific about his solution to the pending recession than ever before: let the market figure it out. Here’s an excerpt from his Tuesday speech in front of Latino businessmen:
“I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers.”
But last week, the Federal …



