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Friday, September 26, 2008

McCain's Economic Histrionics

Matt Cooper sums up McCain's unhinged histrionics since the start of the financial crisis last week and his gumming up of the Congressional works:

McCain certainly hasn't helped and now we're at a point where a deal seems unlikely tomorrow in time for the debate which means McCain will have to make another decision--whether to swallow his pride and show up for the Meeting in Mississippi or be the biggest no-show in the history of American politics. Since he doesn't seem to have added anything to the negotiations in Washington, it's hard to see why on earth he should show up for the debate with Barack Obama.

Incredibly, McCain has said that he hasn't read the Treasury plan--all three pages of it. Since this crisis began ten days ago, nothing McCain has done, from declaring the economy strong to calling for the illegal firing of Chris Cox to flailing about the bailout to shrilly trying to blame the crisis on Obama and finally to the debate-canceling gambit has been reassuring about the prospect of a McCain presidency. This is the 3 AM phone call and McCain is blowing it.


Jamo said...

As CNBC's John Harwood points out, if there is a major market sell-off today John McCain will own it.


An agreement in principle was announced as McCain was landing in Washington. McCain goes to a photo op and the deal falls apart. Was the decision made to scuttle the deal so he could broker a new one? Is that decision blowing up in our collective faces?

Nick said...

Contrary to what the main stream media says, wall street as a whole (capitalism) should not be blamed for the actions and policies set forth by OUR congress. There are, in fact, corrupt men in wall street who partnered with corrupt men in government to engineer a win-win situation at the expense of the taxpayer. Capitalism (and our nation or any nation) will only survive when the good and virtuous people are running it. Which means, come this November, you must vote for good men and women who stand by principle and uphold our constitution and not just give lip service to causes that seem noble and just.