In Which We Recall Douglas Holtz-Eakin to Headquarters...
We sent Brother Douglas Holtz-Eakin out on a mission to teach John McCain about the financial crisis. He has failed. Brother Felix Salmon has the after-action report:
Market Movers: The number of undecided voters who understand the difference between financial and fiscal is minuscule, and the number of those who think that the difference actually matters is probably zero. But from a technocratic standpoint, the fact that McCain twice referred to the financial crisis as a "fiscal crisis" is telling. It means (a) that he doesn't really understand it, and (b) that insofar as he does, he thinks that government is at least as much part of the problem as it is part of the solution...
This is your recall to Trantor, Brother Holtz-Eakin.
