Thursday, September 18, 2008

Reforming Washington: A Fact Check on Obama and McCain

Our presidential candidates have informed us that there is greed on Wall Stree. (GASP) and a need to reform financial markets in the light of recent events. Not to worry, they both promise to ride into town like Hopalong Cassidy in the old Westerns and clean the place up. Boy, are they gonna get those "malefactors of great wealth" (T. Roosevelt).

Flip-flopping McCain has even had a near deathbed conversion and is now in favor of regulation. A Republican advocating more regulation of big business (GASP)! Contrary to Reagan, whom he and the whole GOP adore, government, he admits, is not always the problem, sometimes it is the answer (GASP).

I think it is wonderful that help is on the way, no matter who wins. But in the interests of transparency (we all love that), I propose that they both publish lists of their largest contributors. Hint: some of them are Wall Stree financial giants (GASP). Obama's largest 2008 contributor is Goldman Sachs: $691+ thousand.

Check it out with The Center for Responsive Politics:




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