Modesto politics

Look, whoever wins the nomination better know something about economics. Sen. McCain has said that economics is not his forte. However, his #1 choice for Treasury Sec. Former Sen. Gramm is his idea of making it right. Check this out. The Sen. from Texas served as a vice chairman of UBS’s new investment banking division. So, you might say, big deal. Well, UBS hasn't exactly been right on target about the economy. Bad investment decisions were made. I'm almost 100% positive that many bad choices could have happen on Mr. Gramms watch. Now UBS has written down over $18 Billion in exposure to subprime loans and other risky bets during the past year alone, whew! This info was hot off the press. Click here to read the full article. Sen. McCain in my opinion is not fit to run this country based on his lack of experience in handling economic issues. We need a President who will not only be a great leader in military issues but one that knows how to turn our economy around. Of course I did not like his 100 yr statement concerning Iraq either. He also hints he would like to see how our housing troubles playout without any Gov. intervention. It's too bad that the Fed did not fix the problem before they decided to raise interest rates that created the problem we now have. Millions of families have been affected and Bush/McCain act as though it isn't their problem. Reagan has got to be turning over in his grave now.