Howard, "era of cowboy capitalism" cannot...and will not...die if McCain is elected. What part of Bush-Cheney III do you not understand? You either believe as strongly in an Obama victory as you do in the death of "cowboy capitalism" or you don't. Period. The "Era of Obama" will only exist if Obama is at the helm...not McBush.
Bailout ushers in the era of Obama
OK, maybe he won’t win, but the country is moving to his economic view
http://www.msnbc.msn.com/id/26933982/OPINION
By Howard Fineman
MSNBC contributor
updated 1 hour, 11 minutes ago
WASHINGTON - The Obama Administration began at midnight Sunday.
Okay, I exaggerate.
But I am trying to make a point.
Which is this: Even if Sen. Barack Obama loses the presidential election — and of course he may — the playing field of our politics now has shifted seismically in his philosophical direction.
The era of cowboy capitalism has died, largely of self-inflicted wounds. Who knows what’s coming now? I do: A new era of tight business regulation and government intervention in the markets.
For now, and perhaps for many years, there will be no going back.
The Rubicon was crossed this weekend, when the deal was struck for a $700 billion federal takeover of the carcass of Wall Street.
At that moment, the conservative era in America, which began with Ronald Reagan’s election in 1980, ended. It did so not with a bang, but with a whimper — a cry of help from erstwhile Masters of the Universe who suddenly feared for their platinum-level lives.
Treasury Secretary Hank Paulson could hear those cries because, until two years ago, he was a Master himself.