The Arena - Politico's daily debate with policymakers and opinion shapers Politico.com: "The American model works-- the model according to FDR and JFK.
What's collapsing is the Bush-Cheney caricature of the roaring 20s capitalism that exploded in the Great Depression-- a marketplace without effective regulation, oversight or transparency..
It's been a pervasive perversion of the capitalism that made free markets responsible markets; this is the Administration that let the oil companies write its energy policy in secret.
McCain's problem is that the maverick favored a wild west market, even sponsoring a blanket moratorium on regulation. Two bubbles are bursting simultaneously-- the financial bubble and the Palin bubble."
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