Has John McCain completely lost his mind or is he just confused again? Tax cuts and less regulation? Didn’t he tell us he was going to change his 26 year record in Washington and support better regulations or was that only for the TV cameras last week? Which is it going to be? Regulations or no regulations? I would say less, but hell, they’re hardly there so how much more can you cut and why would you want less?

Nobody dislikes this bailout more than I do, but let’s be serious, something has to be done and McCain’s plan is about as far out as they come. It’s worse than far it, it’s what helped usher in this disaster in the first place. McCain sounds like Mr Whiner himself, Phil Gramm, when he promotes such a bizarre proposal. If McCain had insisted on taxpayers receiving their fair share of any upside at the end of this crisis, sure, that would make sense. But more handouts and a banking lobbyists dream list? Wow, that’s just nuts.

Now more than ever, we need a debate. McCain needs to defend his craziness and tell Americans why and how more tax cuts and less regulation (as he has been suggesting all along, except for last week) is going to help our current economic crisis.