Friday, September 26, 2008

McCain economic meltdown proposal: More deregulation and tax cuts

Remember the classic definition of insanity? Doing the same thing while expecting different results. Isn't it clear to everyone that decades of deregulation are what got us into this pickle?
During the White House meeting, it appears that Sen. John McCain had an agenda.  He brought up alternative proposals, surprising and angering Democrats. He did not, according to someone briefed on the meeting, provide specifics.

One the proposals -- favored by House Republicans -- would relax regulation and temporarily get rid of
certain taxes in order to lure private industry into the market for
these distressed assets. 
 blog it

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