Here's an example of what I mean. Just this past week, in addressing the economic woes facing our nation, Sen. McCain praised the Fed's intervention to save the massive investment bank Bear Stearns. But in the same speech, he decried any effort to assist, in any real manner, those who are in dire straits over the drop in home values and the subsequent credit crunch. Now that sounds pretty conservative: Saying to people "you made your bed, now go lie in it."
But hold on. How can you be in favor of pumping many billions of dollars into a presumably sophisticated institution such as Bear Stearns, ignoring their bad judgment, but then say that there should be no government action to give relief to individuals and families who made similar bad decisions? These are families without the accountants, lawyers, analysts and highly paid business leaders that Bear Stearns had at its disposal.
No one is for big government bailouts. But once you start opening the cookie jar to help Wall Street firms, where people make great fortunes, how do you then stare into the eyes of a family facing foreclosure on their home and say "too bad"?
And by the way, most of the people hurting in this economy are folks who would otherwise be predisposed to vote for a Republican candidate.
Everyone knows that John McCain can take some pretty hard-line positions. Maybe this was meant to demonstrate his straight-talk intestinal fortitude.
But my guess is that some of those veteran GOP strategists know that McCain's position on foreclosures will make him more vulnerable in the Sunbelt and other "growth" states where the GOP base has grown.
I have to wonder if the Republican establishment is "helping" John McCain by staying quiet and allowing him to destroy his chances early on; whether it "helped" him develop this woeful new economic strategy for his campaign.
It's not a matter of sticking to "conservative guns" when you apply one set of liberal rules to large wealthy institutions but tell the suffering voters in essence that "you made your own mess. So eat a little less and find a warm shelter in which to ride this thing out." Policies like that will make Barack Obama president.
Hey, John: Give Bob Dole a call and ask him whom to trust. He's the most honest guy you will hear from in this election season.
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