Wall Street in meltdown, and this is what we get from the two presidential candidates:
In a statement, Obama said the upheaval was “the most serious financial crisis since the Great Depression” and blamed it on policies that he said McCain supports.
[. . .]
“It is essential for us to make sure that the U.S. remains the pre-eminent financial market of the world. This will be a highest priority of my administration. In order to do this, major reform must be made in Washington and on Wall Street,” McCain said in his statement.
Swell, talking points — “the need for reform” from McCain and “it’s Bush’s fault” from Obama. We’ll need to hear a few more details — about what needs to be regulated and unregulated and deregulated — before either one of them will inspire much confidence.