mccain and the economics of ignorance

The N Y Post had an Editorial praising Sen McCain 's restraint in the subprime mortgage mess:
this is my reply
Because of the sub-prime mess, the housing market goes into steep decline. Sen. McCain has no solution apart from asking for voluntary assistance. And the Post applauds! Sadly many borrowers are relatively unsophisticated and don’t understand the small print. They believe that “respected” lenders wouldn’t offer something the borrower couldn’t afford.
Silly irresponsible them! Yet the Post has no problem with billions of tax dollars bailing out irresponsible bankers.
McCain’s financial solution? Less government regulation, less oversight of the financial markets! Sounds like Hoover to me! The savings and loans deregulation led to a massive storm of frauds eventually paid for by government bailouts. McCain, as one of the Keating Five, enablers to that crook’s banking swindles, should have learned from that fiasco, unless he’s having convenient memory lapses! Sadly, his belief that businesses behave as well without the Feds watching is naively misplaced. But then McCain has repeatedly acknowledges his ignorance of economics. If you’re going to be leader of the world’s largest economy, doesn’t it behoove you to learn sufficient economics? Not preparing yourself seems….. IRRESPONSIBLE! After seven years of Bush’s “Voodoo Economics” mismanagement, we’re asked to accept McCain’s “Economics of Ignorance”. This nation cannot afford THIS irresponsibility!

I would add that Mr McCain's economic ignorance reminds me of the plaintive remarks of Warren Harding on a related matter "I don't know what to do or where to turn in this taxation matter. Somewhere there must be a book that tells all about it, where I could go to straighten it out in my mind. But I don't know where the book is, and maybe I couldn't read it if I found it.”