September 18, 2008

Fire the SEC Chair: Great Idea John

In another example of his poor judgment, John McCain says:
"The chairman of the SEC serves at the appointment of the president and, in my view, has betrayed the public's trust," McCain told a rally in this battleground state. "If I were president today, I would fire him."

Imagine. We're in the middle of a spiraling crisis and John wants to put the #2 in place at the SEC. SEC Chairman Cox responded diplomatically:

Cox said the financial crisis was "presenting new challenges on an hourly basis" and that "steadiness and reduction of uncertainty" is what the U.S. and the world needed.

"History will judge the quality of our response to this economic crisis, but now is not the time for those of us in the trenches to be distracted by the ebb and flow of the current election campaign," Cox said. "And it is precisely the wrong moment for a change in leadership."

McCain has 26 years of experience in Washington, but that doesn't imply he has good judgment.


Associated Press, McCain says he would fire SEC chairman, GLEN JOHNSON, September 18, 2008.



defenestrati said...

I agree with your point, but still the habit of these people to wheel out the "history will judge me" trope is disturbing. History is rooted in the present and hindsight isn't always 20/20.

When Bush promotes bad policies, he says "History will judge me." When those bad policies fail, he says, "We shouldn't Monday morning quarterback it." It's all just further spin.

GDAEman said...

I appreciate your comment. However, just because Bush abuses the phrase "history will judge us" shouldn't relegate those words to the trash heap.

Cox's main point in dismissing McCain is that, "it is precisely the wrong moment for a change in leadership." If one agrees we shouldn't fire this general in the heat of this battle, then Cox's statement about being judged by history isn't mere "spin."

Lets not lose sight of the main point. The call for Cox's firing in the middle of this crisis is Another example, of McCain's poor judgment.

libhom said...

I gave your blog a Brillante Weblog Award.

GDAEman said...

libhom, You're too kind. You also inspire, and in that regard I've posted an ACTION-oriented blog today. Together we can help raise some voices.

PS I'll have to look into that Brilliant Weblog Award, 'cuz yours is certainly worthy.