TK, that's not all of the story, and to say that the problems are due to a lack of government oversight is being misleading.
The "root cause" *IS* government interference, not the lack thereof.
Look into the Community Reinvestment Act signed by jimmah cattah. This in itself wasn't so evil (just a "mild evil" - like the so-called patriot act or voting for mccain), as jimmah cattah operated it under request only - not obligation (it was voluntary participation, not something a company could be fined for if they chose not to participate).
That changed under little billy clintooooon. Under clintooooon in 1995, the act was amended so that participation by "any banking institution that accepted deposits" became mandatory. In other words, if banks DIDN'T take high-risk mortage loans, they would be fined. Nobody cared though, 'cause the high risk mortgages were covered by the government.
So there's a TREMENDOUS "up-side" to taking high-risk mortgages, but no real "down-side". Which creates a bubble. Except all bubbles burst.
Here's a good video that has complete - albeit quickly presented - information:
So in the end-game, when everything is boiled down, GOVERNMENT made the housing crisis - which is responsible for the beginning of the end (concerning our fiat currency - which GOVERNMENT is ALSO responsble for) of our economy.
Quiz time: in Article I section 8 of the Constitution of these united States, the authorities (government can't have "rights" - only people have "rights") of congress are clearly spelled out. When combined with Amendments 9 and 10 of the Bill of Rights, these define the entire scope of authorities delegated to congress. Where in Article I section 8 does congress get the authority to support mortage loans and set up a fiat currency?
Trick question - it doesn't. These acts were unconstitutional.
But the original question was:
So my questions is what do you think McCain needs to do in order to get back on track?
And the only person to hit on the correct answer so far is Lex. As such, after watching this for a while, I've decided to participate.
The answer to the original question, as I would reply "allow the American public to come together as a nation, to mourn the loss of a leader. Specifically, at a funeral. Preferably mccains."
That's the best thing I can see for the nation right now.
The only argument enticing one to vote for mcstain is that he's slightly less intolerable than ospama. That fact isn't in contention. Iosef Stalin was a bit less intolerable than Hitler, but that fact wouldn't sway me to vote for Stalin if the two were running for POTUS.
As Christians we're to turn away from evil. Shun it. The Bible doesn't say "commit adultry in moderation" or "provide false testimony if it's the lesser of the evils". Turn away from it completely. As such, I turn away from "the lesser of the evils", because doing otherwise would be compromising ideals that shouldn't be compromised.
Statistically, 17% of the registered voters (illegal aliens, dead people, etc, or not) elect the POTUS. Anyone that says they can't garner 17% of the registered voters in these united States is a defeatist. Of course, defeatists LOVE the big lie of "don't waste your vote, they CAN'T win!". So do both halves of the evil party.