Countdown And The Economy

On Tuesday’s Countdown, Keith looks at the market meltdown and how the failed policies of President Bush and the Republicans made it possible by deregulating the institutions that led us to where the economy is today, and by borrowing money from other countries to pay for massive tax cuts here at home.

Rachel Maddow joined Keith and talked about John Edwards, who was the first presidential candidate who talked about the impending crisis and suggested an economic stimulus package to head it off — and as long as the topic is the economy, he has the upper hand.

Not only was Edwards the first one talking about the stimulus package, as you mentioned, but he’s also been the populist guy on economics. He’s the guy whose been most willing from the very beginning to actually identify bad guys in the economy. To say, let’s be patriotic about something other than war, let’s be moralistic about something other than sex, let’s talk about corporate irresponsibility and corporations that don’t serve the people who work for them, or the consumers. Let’s actually identify un-American bad behavior in the economy and that kind of, I think, real forceful approach to the issue, is going to place him in good stead right now.