Well the stock market dropped 500 points in one day with the announcement of two major financial institutions having major financial difficulties.  Of course the answer from the reactionary government is that more regulations must be needed.  Has anyone ever noticed that the government only responds to issues after they have reached crisis mode and that their response always seems to be an extremist measure that not only overreacts to the crisis at hand but isn’t really healthy or relevant to the issue when the economy is sound.  This is an issue that the government has had for 50 years, the result of which has caused an incoherent patchwork of regulations that are either confusing, outdated, irrelevant, over restrictive, or any combination of these.  The answer to the problem isn’t more regulations, the answer is to find the right regulations that reflect the economy as it is today and regulations that allow the fluidity to adapt to the economy of tomorrow.

John McCain was right when he stated the fundamentals of the economy are healthy.  Unfortunately, the one part of the economy that is not healthy is the banking industry, especially those banks that had assets heavily backed by mortgages.  This is the one part of the economy has the ability to heavily influence all the other parts of the economy and so is a threat that could ruin those fundamentals that are sound. 

I think that McCain was right that a 9/11 style investigation is needed, not to ferret out the wrongdoers, but to find ways to prevent the underlying causes that create these kind of problems. Only then can the government put into effect effective regulations that don’t overburden the business’s trying to create a strong economy but also don’t allow them to overreach themselves causing these types of collapses.  The U.S. economy is the backbone of America’s power and can no longer afford to be governed by a patchwork series of regulations that are created by over zealous politicians.  Reform is needed and John McCain is the person to bring about this change.

This paragraph would normally be used for me to tell you why Obama’s plan wouldn’t work.  Unfortunately, up to this point all Obama has done is attacked McCain’s plan without giving one of his own.  Well given Obama’s past theatrics I guess he plans on governing by Divine Intervention and we all know that Obama believes he is the only one that can bring about that kind of change.