Let me just repeat that: John McCain is an unmitigated disaster.
As the news rolls in of the biggest ever bank failure in the U.S. history, John McCain thinks that the solution to the current financial crisis may lie in suspending the capital gains tax for two years and providing tax incentives to encourage firms that buy up bad debt.
John McCain who until last week was pronouncing that the fundamentals of the economy are strong, is now trying to pull the a huge stunt. The latest agreement between Senate democrats and republicans as well as house democrats, while not ideal, is a huge improvement over the King Henry plan. John McCain's attempt to inject himself into the negotiations over the bailout plan are despicable.
I beg the American people to please save the world from this unmitigated disaster.
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