Creative Destruction

John McCain and Richard Shelby come to their senses:

John McCain and Richard Shelby, two high-profile Republican senators, said Sunday that the government should allow a number of the biggest U.S. banks to fail.

"Close them down, get them out of business," Shelby, the senior Republican on the Senate Banking Committee, said on the ABC television program "This Week With George Stephanopoulos." "If they're dead, they ought to be buried."

While the Alabama senator did not say which banks should shut down, he suggested that Citigroup might be on that list, saying the bank has "always been a problem child."

McCain, appearing on "Fox News Sunday," echoed that sentiment without identifying banks. McCain, who lost the U.S. presidential election in November, accused the Treasury Department of avoiding the "hard decision" to let "these banks fail."

All I have to say is, what in sand hill took you people sooooooo long?  Senator McCain, had you said this last September you'd currently be President and Barack Obama would still be some random Senator.

And yes, before the peddlers of haterade chime in, it's called CREATIVE DESTRUCTION.