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Posts Tagged ‘financial crisis

Obama’s New Ad Explains Keating Economics

1:20 pm By Jennifer Woodard Maderazo · US Presidential Race 2008 · Comments Off

7 Oct 2008

I like this latest video put out by Obama not so much because it is anti-McCain, but because I think it explains a lot of what the heck is going on with the latest economic crisis that seems darn near impossible to unravel. I don’t think the U.S.’s current economic problems started recently with predatory lending (although that’s obviously a huge deal), I think it started before that–when John McCain’s hero, Ronald Reagan, began deregulating anything he could get his hands on.

I don’t know though, as I said before, it’s not like I’m some sorta economics wizard. So maybe I’m too easily persuaded by partisan politics.

What do you think? Do you buy the video’s argument?

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