Saturday, September 27, 2008

An Omission

Originally, the presidential debate held on September 26 at the University of Mississippi in Oxford, Mississippi was to pertain to foreign policy. Then, with financial collapse looming, there would be a portion (at the beginning, it turned out) about the nation's grave economic crisis. The Treasury Secretary has proposed bailing out financial institutions at a cost, ultimately to the American taxpayer, of at least $700 billion, estimated to be roughly three times the cost thus far of Gulf War II.

Both candidates promise a tax cut to the American middle class, and McCain promises a generous cut forthe wealthy, also. The cost of whatever bill is approved will be enormous, and neither candidate suggests that it be fully assumed initially by the current generation of Americans. Much of the money will have to be borrowed- much of it by a gigantic communist nation in Asia. And at no time during the approximately 95 minutes of debate did the moderator see fit to mention the 600-pound elephant in the room: mainland China.

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