McCain campaign manager Rick Davis: There is little a president can do to fix the markets, all we can do is "hope that they correct themselves"

Hope that they correct themselves? You mean, like they have over the past ten years when McCain campaign manager Rick Davis was being paid $2m by Fannie and Freddie to stop the government from stepping in and correcting this mess before it all came to this?

Very little a president can do? How about coming off more confident than a deer in the headlights? Are these guys kidding? CNBC just said that traders are waiting to hear the results of the G-7 meeting, a meeting comprised of finance ministers and central bankers from around the world. How is it that McCain's campaign thinks the US government isn't involved with that? The Wall Street seems to think so.

Imagine what the markets will do if our future potential president says "you're on your own, my friends!" What an incredibly stupid, dangerous thing for McCain's top aide to say:

McCain didn't talk about the stock market yesterday, and didn't put out a statement on it, while Obama did both, and McCain campaign manager Rick Davis was asked about that on a conference call (about Acorn!) this afternoon.

"There’s very little a candidate for president can say and very little the president can say about what’s happening in the stock markets except hope that they correct themselves," Davis said, adding that McCain's mortgage plan could be an "elixir" for the financial crisis.