Wall Street meltdown
Plenty of blame to go around for both parties
The American people are sick of politicians making irrational claims about who is responsible for the current mess we are in.
The reality is that a Republican administration and a Democratic Congress presided over and allowed financial entities such as Fannie Mae and Freddie Mac to enter into unsound practices in regard to both mortgages and investments without doing a thing.
Most of this was done in the name of putting more people in homes regardless of ability to pay. Both parties should be condemned for this.
Al Schafer, Tonka Bay
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On Monday, Republican presidential nominee John McCain stated that the fundamentals of the economy were strong. This is obviously not true, and just another of a long and lengthening line of deceptive remarks from the candidate.
What I thought was interesting wasn't so much the remark itself, but the inevitable backtracking. McCain later said what he meant to say was that the American worker was the best in the world.
What happened Monday was another demonstration that McCain, whose lifestyle is insulated from the financial concerns of most Americans by his extreme wealth, is out of touch with what's going on in America today.