Blog Riotus: Presidential Debate 2008 / Economy

Probably the most telling fact I witnessed from the last debate was both candidate's inability to discuss specifics concerning the financial collapse. Most Americans are looking for leadership to explain what has happened and what we can do to buoy the capsized economy. Instead we get verbal clumsiness, more uncertainty and ultimately, confusion. Neither candidate has created a job, run a budget, or more importantly, has any idea as to what market forces are at work besides using keywords such as "mortgages" or "credit." I don't pretend to know what can slow the avalanche and I venture to say that neither do many of those people educated in finance and business. There is such a complexity at play, that in order to find the string's end, we'll have to unroll the ball of string.