I thought I was in Bizarro World yesterday when I turned on the TV and saw John McCain calling for MORE REGULATION of Wall Street in response to the news that Lehman Brothers filed for bankruptcy and Merrill Lynch was getting sold.
It sounds to me like McCain’s call for more regulation goes against one of the basic beliefs of the GOP: free markets solve all problems i.e. less regulation is better.
From this year’s Republican Party Platform:
Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself. We believe in the free market as the best tool to sustained prosperity and opportunity for all.
As soon as I heard him say that I immediately thought: Bob Barr better get his anti-regulation, libertarian ass in gear and hit McCain on this hard.
It took Bob a day to get it out, but it was worth the wait!
Politicians in Washington have spent decades creating the mess that we are currently in. More regulation or government intervention with taxpayer bailouts will only serve to compound the problem or create new ones.
…
Americans need to know that our government is incapable of solving our financial crisis as our government caused our financial crisis.Instead, McCain and Obama ask for more government regulation. Talk about putting lipstick on a pig!
Keep it up, Bob!
Oh- and I heard today that, despite a lawsuit by Pennsylvania Republicans, Bob Barr will be on the PA ballot.
I’m almost tempted to send him some money.
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