My latest op-ed over at the Washington Times concerns the dueling perspectives of John McCain and Barack Obama on our economic woes – and how both fail the test:
So, here’s a story to tell the grandkids around some future autumn kitchen table. Once upon a time, the American people, facing the greatest global economic crisis in a generation, headed to the polls to choose the next leader of the free world and custodian of the formerly free market. Their options were limited to the dashing young lawyer and the battle-tested combat pilot, two men who for all their appeal had never run a state, a town or a business – large or small.
It’s shocking to consider how Sens. John McCain and Barack Obama come to the challenges of the day with such little economic knowledge of their own. If both won their respective primaries thanks in the largest part to their positions on security issues – Mr. McCain elevated by his undeniable vindication on the Iraq troop surge, Mr. Obama fueled by a vibrant antiwar upsurge that now seems like little more than postwar bitterness and should change little about the outcome of the conflict – neither comes to the fray knowing more about the economy than what others tell them. And for advice, one has the banking lobby whispering in his ear while the other has the corrupt handmaidens of Fannie and Freddie holding his purse strings.