So John McCain wants a commission on what to do about the financial markets. I'm of two minds on this. On the one hand, John McCain is not exactly an economic genius, and I'd rather he get the opinion of some people who are. On the other hand, in Washingtonian, "set up a commission" means "Let's ignore the problem and hope it goes away." This one isn't going away.
Here's my modest suggestion: John McCain could convene a commission right now. He could get a bunch of economists and bankers together, and they could hash out the problem and present him with a plan. Then he could tell us what it is. Then we could decide if we liked it. It would be almost like this election was about selecting someone who will make good policy.
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