Daily Archives: September 27, 2008

Gideon Rachman

Anyone who was hoping for some reassurance at this time of financial crisis, will not have got much from tonight’s presidential election debate. I thought the McCain-Obama exchanges on the Wall Street meltdown and the bail-out plan were feeble in the extreme.

At least Obama had four succinct points to make at the beginning, before getting sidetracked into debates about “earmarks” and other irrelevances. McCain gave the impression that he thought that the source of the problem is excessive spending in Congress. Or maybe he just knew that voters would respond to slogans about “pork-barrel spending” – and would get bored or irritated by complex talk of bail-outs. Still, the level of the discussion of the financial crisis was frankly depressing. Read more