Friday, September 26, 2008
McCain’s Power Right End Around
I’m still a little bit unsure about McCain’s decision about suspending his campaign to work on a bailout for Wall Street, but there was a huge development that happened yesterday that nobody has discussed yet. McCain distanced himself from President Bush, while at the same time marrying Obama to the Bush Administration’s financial policies.
I have to admit, it’s a brilliant move.
The Obama Campaign spent the entire summer and most of their convention making the argument that John McCain isn’t change; it’s just more of the same. I’m just amazed that Obama and the Democrats would associate themselves with the Bush Administration over the bailout of Wall Street. In yesterday’s meeting at the White House, President Bush and his advisors were desperate to do something, anything to help prevent an economic disaster, and the Democrats were quick to seize on Bush’s predicament and get what they want.
The only problem is John McCain and the Republicans in the House were not about to start writing blank checks to bail out crooked businesses. To make matters worse, Harry Reid and Nancy Pelosi let Obama run the meeting which apparently didn’t go well when Boehner and McCain were not simply going to rubber stamp the Democrat plan.
To John McCain’s credit, he has been saying for days that the current compromise plan was dead, so I don’t really know why in the heck Obama and the Democrats thought this was going to be a quick deal. These are complex and serious issues, and the thought that congress can write legislation to solve the problem in a matter of hours is ridiculous.
Do we need to take immediate action? Yes. But we better get this right.
Also the last time I checked in the majorities in the Senate and House agree on legislation, and pass it, and the President is willing to sign it, the legislation becomes law. So if Pelosi, Reid, Obama, and Bush think they have this thing figured out, get-r-done.
I understand why they don’t want to do it that way, but they are the ones in the big boy chairs.
So when it comes to the economy Obama and Bush are on the same page while John McCain stands in opposition. I doubt the Obama campaign could ever have seen themselves in this position, but McCain just pulled off a huge end around that provides him distance from Bush and Congress. Not a bad place to be if you ask me.
Posted by Krusty at Friday, September 26, 2008