Pre-VP-Debate Analysis And Advice To Biden [UPDATED and PROMOTED]

Ken AshfordElection 2008Leave a Comment

I’m not one of the Obama supporters who is gleeful that Palin’s performance tonight will be viewed as a trainwreck a la the Couric interviews.

She won’t have a trainwreck.

She will be warm and personable, but tough.  She will go on the offensive, taking opportunities to point out, for example, where Biden and Obama have disagreed on policy.  (Also, she will definitely make reference to Biden’s statement, made during a Democratic primary debate, that Obama was "not ready" to be President).

She will not be strong on specifics, especially as it pertains to her experience.  For people already in the McCain-Palin camp, this will not matter.  For people already in the Obama-Biden camp, this will matter a lot.  For undecideds and leaners, this will matter depending on whether they, as individuals, are more "keyed in" on specifics. [UPDATE:  For some reading on whether a candidate’s "knowledge" matters, read this.  The upshot is that, for undecideds, "knowledge" doesn’t matter]

In other words, Palin will prevail on style; Biden on substance.

Where can Palin go wrong?  Two ways:

(1) By trying to be strong on substance.  It’s not her forte, and (during her gubatorial race) she doesn’t need to be; and

(2) By being too "catty" on her attacks on Biden.  She has, I think, a self-righteous smirk that appears when she gets too "on the attack" and/or too defensive.  If we see a lot of that tonight, she’ll lose points on "style", which is her only advantage.

What should Biden do to "win", assuming that substance alone won’t carry the day?  A few thoughts:

(1)  Be personable.  Biden is personable.  People have forgotten that. 

(2)  Be a regular guy.  Biden is blue-collar, has an interesting back story (his wife and daughter being killed on the eve of his inauguration into Congress, forcing him to raise his boys by himself), and a son who just was deployed to Iraq.  He needs to get that in there because (amazingly) there will be a lot of uncommitted voters who will be examining him closely for the first time.  He cannot escape that he has been "inside the beltway" for many years, but he can blunt some of the "hockey mom" sentiment that Palin will capitalize on.

(3)  Be gracious with Palin.  Many liberal commentators are advising Biden to go for the jugular, to show that Palin simply isn’t ready and experienced.  I don’t think that is necessary, because people who care about that already know that.  In fact, if Palin’s faux pas with Couric becomes a topic of discussion, Biden should even be magnanimous and humble, saying something like, "Hey.  This isn’t easy, being thrust into the public spotlight, and having your every turn of phrase dissected and commented on.  Being the subject of satire.  I don’t know if *I* even have the hang of it. I think Palin is handling it with grace and aplumb.  One of the things you need to handle the job is a sense of humor."

Being gracious with Palin will also have the advantage of making her attacks seem "catty", even if they are not "catty" on their own merits.

(4)  Answer the questions.  The ideal situation would be for Palin to get questions requiring specific answers, and having her give some answer with generalizations and attacks on the Obama-Biden position.  When Biden rebuts, rather than counter Palin’s attacks, he should preface with: "Well, you asked for specifics.  Let me give them to you.  Number one… Number two….."  People will perceive that Biden is a straightshooter, and Palin is not.  Biden doesn’t need to point this out.

(5)  Don’t say you’re more experienced; show it.  In his debate with Obama, McCain played this card wrong.  He said (many times) that Obama was inexperienced.  I think that’s bad debating.  Let the people make that conclusion, without telling them that.  Just talk about what you’ve done.  What you’ve learned from this experience or that experience.  Of course, you can overdo it.  Don’t engage in obvious name-dropping (as McCain did — another mistake) of world leaders you’ve met with just for the sake of naming them.  If they come up naturally, fine.  But don’t force it.

When Palin gives specifics about McCain’s policies (if she were smart, that is her "specifics" card she should play), Biden could rebut with something like "Yes, we tried that in 2003 with the Blahdy-blah bill. What resulted was a catastrophic….".  That shows not only experience, but that McCain-Palin really isn’t a breath of fresh air being brought to Washington.

(6)  Remind viewers what this is about.  At some point, Biden needs to have a drop-in like, "one of use could very well be sitting across the table from Vladimir Putin someday".  That will make people who care about style actually think about substance.

*******

One issue that has arisen these past two days is that the debate moderator, Gwen Ifill, has written a soon-to-be-published book "about Obama" or "favorable to Obama".  That might be a slight mischaracterization of the book.  Amazon describes the book as being about "the impact of Barack Obama’s stunning presidential campaign and introducing the emerging young African American politicians forging a bold new path to political power", which doesn’t necessarily mean she’s "in the tank" for Obama.

And even if she does have a pro-Obama bent personally, that does not mean she can’t moderate a debate even-handedly.  I mean, in these debates, don’t both candidates get asked the same question?  How could she be "harder" on one candidate?

I think the ifill attacks by the right wing are merely a way to pre-dispose people to the after-debate argument that Palin "lost" because the debate was unfair.  I don’t think that argument will be able to be made (with a straight face), so the "controversy" now is merely a tempest in a teapot.

UPDATE:  For an entirely (rude) take on what Biden should say, see The Rude Pundit

UPDATE:  Politico has a look at Palin’s debate "playbook".  Her stategy (according to the McCain campaign) is to be aggressive.

(1)  Attack Biden’s foreign policy experiences (refering to N. Korea in 2006 as a "paper tiger");

(2)  Throw Biden’s his words back at him (apparently, about raising taxes on the wealthy); and

(3)  Highlight how Biden dissed Obama in the primaries (especially about not being ready to lead). 

I think the first tactic is ill-advised, because it will also remind viewers (and Biden can do this) that Palin has NO foreign policy experience to attack.  And, oh yeah — Biden’s the chair of the Foreign Relations committee.

The second tactic, if it’s about taxes on the wealthy, isn’t going to win the day with Joe Six-Pack in a time of an economic crisis caused my Wall Street muckity-mucks.  Not sure what that is about.

The third tactic is fine and predictable (I predicted it, too), and Biden should have a response prepared.

That said, I think it matters less what Palin does to "attack" Biden; what will matter is the way she does it.  If it looks like they sent her in with a bunch of pre-fab attacks and snark lines, she’s toast.

Biden, it says, is going to take a "prosecutorial, just-the-facts" approach.  That’s what I recommended.  A show of competence.  It will make the "pitbull" into a "poodle, yapping at his heels".  Ooooh, I like that!

Also, I’m promoting this post to the top for the rest of the day.

My New Phobia

Ken AshfordPersonal1 Comment

People are afraid of stupid things.  I know someone who is afraid of driving over bridges, even ones that are merely overpasses.

I, on the other hand, am afraid of ice.  Not ice cubes (that would be really stupid), or even ice on the road or sidewalk.  I’m afraid of ice on ponds, rivers.  More specifically, I’m afraid of falling through ice.  Something in a past life, I think.

And now I have a new fear.

That Ira Glass will call me and shame me because I haven’t donated to NPR.  He’s doing that now; I heard him this morning.

Palin On Roe V. Wade And Supreme Court Decisions

Ken AshfordElection 2008Leave a Comment

Oh, Lord…

Okay.  I’m not the first to say this, but I’ll say it for those who haven’t heard the analogy.

You go to class — undergrad, law school, whatever.  You haven’t done the required reading.  You are asked by the professor some question relevant to the assignment you didn’t do.  For some reason, you decide to answer (rather than say "I don’t know").  Isn’t you behavior just like Sarah Palin’s in the above clip?

Here’s the transcript:

Why, in your view, is Roe v. Wade a bad decision?

Sarah Palin: I think it should be a states’ issue not a federal government-mandated, mandating yes or no on such an important issue. I’m, in that sense, a federalist, where I believe that states should have more say in the laws of their lands and individual areas. Now, foundationally, also, though, it’s no secret that I’m pro-life that I believe in a culture of life is very important for this country. Personally that’s what I would like to see, um, further embraced by America.

Couric: Do you think there’s an inherent right to privacy in the Constitution?

Palin: I do. Yeah, I do.

Bzzzzzzt!  If there is an inherent right to privacy, a right protected by the Constitution, then Roe v. Wade was rightly decided, since it guarantees that women, and not the state, should be able to make the private decision to have (or not have) an abortion.

I’m afraid they’re gonna kick out of the concervative caucus, Sarah. 

Couric: The cornerstone of Roe v. Wade.

Palin: I do. And I believe that individual states can best handle what the people within the different constituencies in the 50 states would like to see their will ushered in an issue like that.

Oh, I see.  The people of each of the 50 states get to decide what is in the U.S. Constitution?  Yeah, because that worked so well with slavery.

Couric: What other Supreme Court decisions do you disagree with?

Palin: Well, let’s see. There’s, of course in the great history of America there have been rulings, that’s never going to be absolute consensus by every American. And there are those issues, again, like Roe v. Wade, where I believe are best held on a state level and addressed there. So you know, going through the history of America, there would be others but …

Couric: Can you think of any?

Palin: Well, I could think of … any again, that could be best dealt with on a more local level. Maybe I would take issue with. But, you know, as mayor, and then as governor and even as a vice president, if I’m so privileged to serve, wouldn’t be in a position of changing those things but in supporting the law of the land as it reads today.

Uh, the answer to Couric’s last question is… "no".

If Hillary Clinton put cracks in the glass ceiling, then Sarah Palin just spackled them over.

Rebutting The Attack That Didn’t Happen

Ken AshfordElection 2008Leave a Comment

After Barack Obama’s speech today in Wisconsin, the McCain campaign sent out a press release, whining that:

As Americans teeter on the edge of economic crisis, Barack Obama continued attacking John McCain today…

And here is the "attack" by Obama:

Let me lay this out, because I want everybody to know the differences between myself and Senator McCain in this campaign.

Yes, that was it. The only time McCain was mentioned in the entire speech. The Obama campaign’s response?

Given the fact that Barack Obama did not attack John McCain today, it is a telling admission that the McCain campaign saw Barack Obama’s attack on eight years of greed and irresponsibility in Washington as a personal attack on John McCain. We’ll leave it up to the McCain campaign to explain why they get so offended and defensive when George Bush’s record is attacked.

Heh.

So What *Does* Sarah Palin Read?

Ken AshfordElection 2008Leave a Comment

As you probably know, Sarah dodged Couric’s question. (If not, here’s a reminder….)

But since that time, a photo has turned up….

Palinbirchera

[Original photo appears here]

Somebody enhanced the photo to read what she is reading….

Concon

What is she reading?  That’s the cover of The New American, the magazine of the ultra conservative John Birch Society.  More info here.

McCain In 1998, On Osama Bin Laden

Ken AshfordElection 2008, War on Terrorism/TortureLeave a Comment

From an interview with Mother Jones, when asked about whether to conduct military strikes against bin Laden, John McCain said:

You could say, Look, is this guy, Laden, really the bad guy that’s depicted? Most of us have never heard of him before…

Ok.  Well.  It was 1998.  I’d venture to say that most of the public, and probably many Democrats and Republicans in government, didn’t see the threat posed by bin Laden/al Qaeda.  So maybe we can give McCain a pass.

But the disturbing historical fact is that one month after 9/11, most people were aware of bin Laden, and saw the need to have military strikes against him.  McCain, however, was advocating strikes against Iraq.

Google 2001 And The Erotic Me

Ken AshfordWeb RecommendationsLeave a Comment

Want to search Google as it was (and as the Internet was) in January 2001?

Now you can.

UPDATE:  I searched my name to see if I had any Internet presence way (way?) back then. 

I didn’t, really. 

Well, sort of.  My name ("Ken Ashford") appears in this NSFW erotic story that somebody wrote. 

I first appear in Chapter 6, with this unflattering character description:

Karen also advised me about Ken Ashford.  I’d better explain about Ken. Ken was one of the boys in my class. He was small, thin and wore glasses. The other boys used to make fun of him and bully him, and I felt really sorry for him. They called him "The Weed" and "Nerd", and they’d bump him accidentally on purpose, and make him drop his books, then knock him over when he tried to pick them up. You know what kids are like. Nothing serious, just enough to make his life an utter misery. I used to look at Ken and think about how my step-father used to treat me. I felt sorry for him, and I just wanted to protect him.

Ken retreated into his books. He used to get really good grades, which made things worse for him, of course. He didn’t suck up to the teachers, but because he knew all the answers, all the boys thought he was a creep. The girls did too, so when I asked Karen about him, she thought I was insane. "He’s just a weed, Sandi. You could get Tod if you wanted to."

And here’s an excerpt from Chapter 7 entitled "Ken Gets Rescued":

Then I bent over Ken, took him in my arms, and gently helped him stand up. I kept my arms round him protectively as he stood, holding him while he cried hysterically into my shoulder. I stroked his hair, and said "There, there", and cuddled him till he stopped crying. Then I led him into the cafeteria, and bought him a glass of milk, and kept my arm round him while he drank it. He leaned into my shoulder, still weeping slightly. I felt like I’d just won a lottery – I knew that after this, getting off with Ken would be a doddle.

He told me that he couldn’t take the bullying any more, he was planning to leave school and get some kind of menial job. I told him he was much too bright for that, and he should stay in school and go on to college. But, he said, the way the boys picked on him was too much for him, he simply couldn’t go on.

I put both my arms round him and held him close, feeling his soft body trembling against my breasts. We were sitting down, so he didn’t feel as short as he usually did. I dried his eyes with a tissue serviette, and gave him a little kiss on the lips. He didn’t respond, but neither did he shrink away, so I kissed him again. I called him "Little Kenny", I told him not to worry so much about those dumb boys, that I’d take care of him, and I stroked his hair and made reassuring noises. Gradually, he stopped sobbing.

"It’s all right for you, Sandi. You’re so big and strong, everyone’s scared of you. They wouldn’t bully me if I were strong like you, but I’m just a little weed, so they push me around." Ken was just over five feet tall, wearing shoes, and he weighed well under a hundred pounds. As I held him, I felt his arms, and they were like pipe cleaners. There was no muscle at all, and hardly any flab. Just bones, covered with skin. I just wanted to protect him from the cruel world. "Oh, Sandi, you’re so powerful. I’ve seen your muscles; if I had half your strength I’d be happy."

I moved my big strong hands over his small, helpless body, gently massaging his chest with my hands. He winced a bit when I rubbed his body, and I tried to be even more gentle with him. I pulled his head down to my breasts, and let him feel how soft I was there. He turned his head sideways and closed his eyes. I held his head to my bosom, and stroked his hair, and I felt him gradually relax as the terror of the fight drained out of him.

We must have sat there for an hour. I was missing my regular work-out, but I didn’t care. Little Kenny needed me to cuddle and soothe him, and that was what I wanted to do. Eventually it was time to go home.

It gets worse from there.  By Chapter 16 — well, I don’t want to talk about it.

Scary: McCain Turns To Palin For Advice

Ken AshfordElection 2008Leave a Comment

NPR interview with McCain:

NPR: Given what you’ve said Senator, is there an occasion where you could imagine turning to Governor Palin for advice in a foreign policy crisis.

MCCAIN: I’ve turned to her advice many times in the past, I can’t imagine turning to Senator Obama or Senator Biden cuz they’ve been wrong, they were wrong about Iraq, wrong about Russia…

NPR: But would you turn to Governor Palin?

MCCAIN: I certainly wouldn’t turn to them, and I’ve already turned to Governor Palin particularly on energy issues and I’ve appreciated her background and knowledge on that and many other issues.

NPR: Does her energy qualification extend to the international energy market?

MCCAIN: Of course. Of course. That’s what it’s all about. It extends to a broad variety of issues from her worldview to threats that we face, to radical Islamic extremism, to specific areas of the world. I’m very proud of her, and proud of the knowledge and background that she has.

I’m sure he’s lying about turning to Palin for advice in order to prop up her credentials.

Right?  Right?

What’s Up With McCain’s Eye?

Ken AshfordElection 2008Leave a Comment

I’ve mentioned it before.

And now…. from today.  In the video, at about 5 seconds in, and then about 11 seconds in, McCain’s left eye and mouth twitches.

Then he gets bewildered and doesn’t know how to leave the stage.

It should be noted that McCain has had 4 bouts of melanoma, and did have a benign growth removed from under his left eye.  But that was in 2002.

It could be this, or maybe this.

Shouldn’t we be asking more questions about his health?

Sarah Palin: Why You Should Vote For Her

Ken AshfordElection 2008Leave a Comment

Sarah’s radio interview with Hugh Hewitt:

Hugh Hewitt: Governor, your candidacy has ignited extreme hostility, even some hatred on the left and in some parts of the media. Are you surprised? And what do you attribute this reaction to?

Sarah Palin: I think they’re just not used to someone coming in from the outside saying, “You know what? It’s time that normal Joe six-pack American is finally represented in the position of vice presidency.” I think that that’s kind of taken some people off guard, and they’re out of sorts, and they’re ticked off about it, but it’s motivation for John McCain and I to work that much harder to make sure that our ticket is victorious, and we put government back on the side of the people of Joe six-pack like me, and we start doing those things that are expected of our government, and we get rid of corruption, and we commit to the reform that is not only desired, but is deserved by Americans.

World O’Crap has the appropriate rebuttal:

Say, maybe it IS time for regular, ol’ Joe Six-Pack American to be the Vice President.  Heck, my Budwieser swilling, NASCAR-watching, shotgun toting neighbors don’t know much about the economy, foreign policy, Supreme Court decisions, etc. so why should Sarah have to?  Maybe it is elitist to expect the second highest position in the land to go to somebody with a little more experience, education, and aptitude than the rest of us.  In fact, here’s my suggestion for a new campaign slogan: “Vote for Sarah Six-Pack, Because You’re No Rocket Scientist Either.”

Then there was this question and answer:

Hewitt: Now governor, the Gibson and the Couric interview struck many as sort of pop quizzes designed to embarrass you as opposed to interviews. Do you share that opinion?

Palin: Well, I have a degree in journalism also, so it surprises me that so much has changed since I received my education in journalistic ethics all those years ago. But I’m not going to pick a fight with those who buy ink by the barrelful. I’m going to take those shots and those pop quizzes and just say, “That’s okay.” 

Out of curiosity, I wanted to know more about Palin’s journalism degree.  After all, I wanted to know what kind of institution would teach that Couric’s questions were outside the boundaries of ethical journalism.

Turns out the Palin got her journalism degree from Columbia University.  Oh, no.  Wait.  My mistake.  From the University of Idaho (it was one of the five colleges that Palin attended), in 1987.

Below is a picture (I’m not making this up) from the University of Idaho School of Journalism and Mass Media webpage where they describe the curriculum:

Game_show_2

Fine institution.

What To Look For In The Palin-Biden Debate

Ken AshfordElection 2008Leave a Comment

Palin will give non-answers.  So says someone who debated Palin two dozen times when he ran for Alaska governor in 2006:

Palin is a master of the nonanswer. She can turn a 60-second response to a query about her specific solutions to healthcare challenges into a folksy story about how she’s met people on the campaign trail who face healthcare challenges. All without uttering a word about her public-policy solutions to healthcare challenges.

In one debate, a moderator asked the candidates to name a bill the legislature had recently passed that we didn’t like. I named one. Democratic candidate Tony Knowles named one. But Sarah Palin instead used her allotted time to criticize the incumbent governor, Frank Murkowski. Asked to name a bill we did like, the same pattern emerged: Palin didn’t name a bill.

And when she does answer the actual question asked, she has a canny ability to connect with the audience on a personal level. For example, asked to name a major issue that had been ignored during the campaign, I discussed the health of local communities, Mr. Knowles talked about affordable healthcare, and Palin talked about … the need to protect hunting and fishing rights.

So what does that mean for Biden? With shorter question-and-answer times and limited interaction between the two, he should simply ignore Palin in a respectful manner on the stage and answer the questions as though he were alone. Any attempt to flex his public-policy knowledge and show Palin is not ready for prime time will inevitably cast him in the role of the bully.

On the other side of the stage, if Palin is to be successful, she needs to do what she does best: fill the room with her presence and stick to the scripted sound bites.

I’m not so sure Palin’s folksy non-answer tactic will win the day with voters still on the fence.  We’ll find out though.

P.S.  I heard a great nickname for Sarah Palin: "Bible Spice"

UPDATE:  Palin debating… excerpts:

She’s good.  Doesn’t answer the questions, but she’s good.

Here It Is: My Long-Awaited And Tremendously Under-Informed Opinion (At Least Of Late) About The Financial Crisis

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

Important people are telling us to be afraid… very afraid… of what will happen if we don’t "fix" this "thing".

I’m not talking about politicians.  I have the general impression that they are, at best, only slightly less clueless than me about the crisis, as well as the bailout rescue plan bailout supposedly designed to stem the crisis.

I’m talking about economists.  They ALL predict gloom and doom for ALL of us.  Thomas Friedman (not an economist) translates the severity in simple terms, about how it affects us all:

This is a credit crisis. It’s all about confidence. What you can’t see is how bank A will no longer lend to good company B or mortgage company C. Because no one is sure the other guy’s assets and collateral are worth anything, which is why the government needs to come in and put a floor under them. Otherwise, the system will be choked of credit, like a body being choked of oxygen and turning blue.

Well, you say, “I don’t own any stocks — let those greedy monsters on Wall Street suffer.” You may not own any stocks, but your pension fund owned some Lehman Brothers commercial paper and your regional bank held subprime mortgage bonds, which is why you were able refinance your house two years ago. And your local airport was insured by A.I.G., and your local municipality sold municipal bonds on Wall Street to finance your street’s new sewer system, and your local car company depended on the credit markets to finance your auto loan — and now that the credit market has dried up, Wachovia bank went bust and your neighbor lost her secretarial job there.

We’re all connected. As others have pointed out, you can’t save Main Street and punish Wall Street anymore than you can be in a rowboat with someone you hate and think that the leak in the bottom of the boat at his end is not going to sink you, too. The world really is flat. We’re all connected. “Decoupling” is pure fantasy.

So I do "get it".  The crisis is real.  The failure to do anything will have enormous implications.

But I’m slowly coming to the opinion that we should…. do nothing.

That’s right.  Let the motherf’er crash.

You know why?

Because it’s a ridiculous system.

No, I’m not talking about capitalism.  I’m a capitalist like everybody else.  I like wealth to the extent that it allows me to live comfortably.

I’m talking about the financial system which depends on debt in order to prosper.  I’m talking about what is known as the "credit market".  The term "credit market" refers to the market where financial instruments that embrace credit risk (the risk that the creditworthiness of a borrower may change) are traded.

First of all, it’s not really a credit market.  It’s a debt market.  It’s an actual market, just like the stock market; the only difference is that the "financial instrument" being traded in a "credit market" isn’t a share of stock, it’s an IOU, a debt.  Unlike stocks, which have (ostensibly) a value which fluctuates with the value of the company, debts don’t really have a fluctuating value.  Their worth is the worth of the debt paid in full (with interest).  We just pretend that their value is the value of the "creditworthiness of the underlying borrower".

This pretense works great in a rising economy.  Borrowers pay back their debt, and so the financial instruments that "embrace credit risk" are solid.

But what happens to the "credit market" in a downturning economy?  Well, as we have seen, the "creditworthiness of underlying borrowers" takes a tumble.  And because the credit market is so pervasive in the world of finance, the economy plummets, making the creditworthiness of underlying borrowers even worse.  And suddenly, it’s an avalanche.

The recent downturn in the stock market is merely a by-product of the CRASH in the credit market.  There’s no equivalent of the "Dow Industrial Average" for the credit market, but if there were, it would be at, or close to, zero.  In the eyes of the financial community, ALL debt right now is considered worthless, or at risk, including your home mortgage, car payments, etc.  As well it should be, because if things really continue to crash, you may not be able to make those payments.

So there’s a scramble right now to prop up the credit market artificially with a $700 billion bailout, so that we will all be spared the pain.  And I can understand why.

But from a long-term economic standpoint, does this makes sense?  Why are we propping up a credit market which is (I’m convinced) structurally flawed in the first place?

Debt, people, is bad.  It’s never something that we should want as individuals.  It is, of course, necessary — most of us would not be able to have homes or cars without it.  Most businesses, which employ people, would not be able to get off the ground, or expand. 

So it is a necessary evil, but it IS evil.

It therefore makes no sense to have in place a market which encourages — indeed, thrives on — debt.  And it makes even less sense to allow such a market to become so pervasive that its collapse threatens our entire economic system.  It’s institutionalized insanity.

So the systemic solution, in my opinion, is to end the credit debt market.  We are going to have to do that someday, or we’ll be in this situation again decades down the road.  I’m not talking about ending debt — we should still be able to get loans from financial institutions for ourselves and to keep American business thriving. 

And I’m okay with allowing companies to use debt as collateral for further loans.  But only once.  For example, Bank A wants to borrow from Bank B and puts up a slew of home mortgages as collateral.  That’s fine.   But Bank B can’t use those mortgage based assets as collateral for its loan from bank C. 

But must importantly, those mortgage based assets, and other assets based on debt, should not be traded in some sort of "market".  We’ve got the stock market, the commodities market, etc. — those are good enough.  Those are markets rooted in tangible things, and things which are good for the economy and basic sustanance (companies, food, etc).

Soooooo… since the "credit market" is on its knees already, I say we let it die a natural death.  Will it come at a cost?  Well, stupid things usually do.  But for the long-term prosperity of the nation, it’s for the best.

That’s my two cents (which is what I’ll probably have left if my advice is followed).