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Thursday, 24 April 2008

image for McCain Says He Would Have Responded Differently to the Crash of 1929
Weekly 'fireside chats' will bring a homey feel to the McCain administration.

Senator John McCain took direct aim at previous administrations on Thursday as he stood in the lower gallery of Wall Street Stock Exchange, the area hardest hit by the Crash of 1929, and declared that "never again will a disaster of this nature be handled in the terrible and disgraceful way that it was handled.''

Mr. McCain, who was on the fourth day of a tour of America's "forgotten disasters" to try to prove that he would make a kinder, gentler president, ticked off a long list of 1929 presidential mistakes:

"There were unqualified people in charge, there was a total misreading of the dimensions of the disaster, there was a failure of communications.''

Asked at an outdoor news conference if he traced the failure of leadership straight to the top, Mr. McCain said, emphatically, "yes, yes, I blame Herbert Hoover.''

Later, at the beginning of a town hall-style meeting in Georgetown University, Mr. McCain repeated his vow that his White House would not repeat the miserable performance of previous administrations during the various stock market crashes, the creation of Hoovervilles, wartime rationing inequities, and the Teapot Dome scandal.

"And I promise you, America will never again go to war against the King of England,'' he said.

British Prime Minister William Pitt the Elder could not be reached for comment.

Tragic Rabbit, Precarious Pundits Press, Wall Street

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