
Just watched the poor man on CBS News — online, his interview with Katie Couric ran 11 minutes total. Here’s what McCain said:
1) The Wall Street situation is “the worst crisis since World War II.” Not the worst financial crisis — which it isn’t either. No, the worst crisis. Worse than the Korean War. Worse than Vietnam. Worse than the Cuban Missile Crisis. Worse than the disaster in Iraq and $100-plus per barrel oil. Worse than the Russian invasions of Hungary, Czechoslovakia, and — the one McCain was carrying on about lately — Georgia. Worse than the genocide in Darfur. [And, how could I have forgotten: Worse than 9-11?]
2) He agrees with Gov. Sarah Palin that, unless Congress acts, it could result in a Great Depression.
3) “The important thing,” he added, “is to give [Americans] a positive vision for the future, because …
4) He thinks the “crisis” should be solved by Sunday (big smile), because remember …
5) The fundamentals of the economy are sound. (If they weren’t, he certainly would’ve sounded the alarm before, uh, this morning.) And …
6) His description of how to solve the alleged crisis — with oversight of the Treasury bailout (by Mitt Romney and Michael Bloomberg) so as to protect the taxpayers; New Deal-like help to mortgage-holders who are in trouble; and by the way, reining in deficit spending by the federal government — isn’t all that what Democrats have been trying to get the Bush Administration to do?
7) Federal spending is out of control? So McCain says. So how about we: a) get out of Iraq ($12 billion a month); b) don’t give Treasury a $700 billion “blank check” to bail out Wall Street, as the Bush Administration proposed; and c) get serious about alternative energy sources — wind, solar, etc. — so we can cut into the $700 billion a year we spent on imported oil.
8) But wait, McCain does have a plan to wean us from imported oil. It’s called “drill here, drill now.” That should help the auto industry shift from gasoline to …
9) Oh, never mind.