And the games continue… McCain’s campaign has cryptically declined to commit to attending tonight’s debate in Oxford, MS while House Republicans decided to be the sticking point with respect to Bush’s last parting shot in his ongoing effort to destroy this country financial bailout package and said House Republicans refuse to go along with the agreement between the Administration and the (forever caving) Democratic caucus… it seems McCain, who refused to endorse the agreement, even as he “off-the-record” insists he generally agrees with it, insists he must remain in Washington as “Mr. Consensus Builder,” quite a dubious proposition seeing as his performance has been kind of the opposite.
Meanwhile, outside of the palace gardens, the government was seizing Washington Mutual in the (by far) largest bank failure and government seizure in history, followed by selling the pieces to J.P. Morgan Chase for $1.9 billion (though up to $31 billion in potentially bad debt will be absorbed). Look for Wall Street to “not be pleased” at either the collapse of the bailout deal or the WaMu situation.
Congratulations, Sen. McCain. You have focused attention away from the debate and the collapsing momentum your campaign has suffered because of roiling economic news– an area where polls show voters trust you less. So now everyone, largely thanks to you, will be talking about… the economy, stupid. Or is it, the economy, mentally ill? Either way, Senator, all I can say is… good one.
tdog
Good – whatever stops this bailout from happening is okay with me. If the Dems are too stupid to figure out how to wear the white hats in this one, then so be it. As they say in sports, you’re as good as your record.
Naturally, no Dem (in power, that is… and right now that does not include Barack Obama has signed on to Bernie Sanders’ very sensible ideas, which include re-regulating big finance, paying for the first $300B of any bailout with a 10% sur-tax on any individual/couple earnings over $500K/$1M, and others.
I don’t blame Barack for this. I DO blame Harry Reid, Nancy Pelosi, Chris Dodd and Barney Frank. They should have our backs… ALL of our backs. Instead what they’re thinking about is who contributes to their campaigns… you know: WALL STREET.
Bid’ness as usual.
The House Republicans were just doing a solid for Honest John McCave… but McCave has McCaved anyway and is off to Mississip, where he has just raised expectations for himself to the moon, and changed the subject to exactly what he doesn’t want to talk about. I expect he’ll just make s*** up; that seems to have served him so far.
We’ll see. I have little optimism that “popular revolt” (the public is wildly against this) will do any good in this current environment. The Republicans may end up out-smarting themselves, but that’s an even thinner reed than Harry Reed on which to hold our hopes.
I love that W! I tell him that, like school children, “We should leave no billionaire behind” and he goes for it. He even cried.
I love that W! I tell him that, like school children, “We should leave no billionaire behind” and he goes for it. He even cried.