Quote:
Originally Posted by BleedBurgundy
Foresight in general yes, but more acutely in his area(s) of expertise, much more so. But I don't expect the President to necessarily be an economic guru. My gut reaction to hearing about the bail out was "No effing way, not another one." But, after thinking about the ripple effect such a massive failure would have on the economy, you realize that despite your philosophical objections there really isn't another option. I mean, I watch Man Vs Wild all the time. The guy drinks his own urine in order to survive, but that doesn't mean that he can't bitch about the taste it leaves in his mouth.
That said, I understand McCain's initial reaction because I shared it. I would assume that one of his many advisers briefed him and gave him additional perspective therefore he changed his mind. The principles of "small government" do not condone buying up companies in the manner which we have recently seen. Any person that would be all about backing these big corporations with taxpayer money and not at least voice some apprehension would worry me. Again, nothing I'm saying is an attack on Obama, more of a general defense that no one person is going to automatically know the correct course of action. The willingness to listen and then have an informed opinion is of great benefit and one of the primary qualities I look for in a leader.
And regarding Hooskin's comment about "flip flopping," I thought that was the most ridiculous criticism made during the last election and I have not changed that opinion. The term literally gives me a migraine every time I hear/read it. I see nothing wrong with someone becoming more educated on a subject and changing their mind. I have a real hard time with someone so dedicated to dogma that they refuse to see the forest for the trees.
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Listen bro, I don't want to bailout these companies but when I hear AIG, Merrill Lynch and Lehman Brothers are in deep trouble I know what's up and what has to be done! Why? Because I know what these companies do and the impact of their failure! I know that we aught to bail them even though I wish we didn't have to.
The moral of the story is know what the fuck you're talking about before you open your mouth. McCain opened his big mouth and left no doubt with respect to his foolishness. Finally, some folks should be going to jail for these colossal failures.