I'm not going to get into economics tonight.
My simple analysis is this: the failure of this bailout to pass just might sink John McCain for good.
Strike 1: McCain "suspended" his campaign to go to Washington and help build bipartisan support for the bailout bill. He did not do much helping (by all accounts, he made a couple phone calls). The bailout failed, mostly due to republicans. This leads me to believe that McCain's own party does not respect him, particularly the Ron Paul Republicans who voted against it.
Strike 2: McCain said he was only participating in the debate because passage of the bailout bill was imminent. Passage was not imminent.
Strike 3: Monday morning McCain claimed credit for the bill... It didn't pass.
Obama didn't come up looking much better since he has backed the bailout bill (with strong reservations about its current form). However, he did not pull stunts such as "suspending" his campaign or swinging wildly as McCain is doing today.
Add to that a tie, at best, during the debate that was supposed to be John McCain's strength and you may very well be witnessing a major meltdown.
2 comments:
I do agree that this could hurt McCain. As to the part of the bailout, it wasn't just the Republicans. The Democrats had just as much or maybe even more a part of the problem too.
agree w/carl, though overall, i think it really has to do with people spending more than they can afford.
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