The assessments of last night’s doomed economic pow-wow have not been kind to John McCain. Setting the table is The New York Times with a damning (and dryly amusing) description of McCain’s performance at the economic summit that was called at his behest. An aide to House Minority Leader John Boehner all but acknowledges that what seemed like a done deal earlier in the day was scuttled because McCain hadn’t yet arrived to save the day. When House Republicans then surprised everyone by offering up an alternative proposal, McCain “declined to take a stand” on which package he supported. While Barack Obama “peppered” Treasury Secretary Henry Paulson with questions, his Republican counterpart “said little.”
Politico questions McCain’s temperament:
On Thursday afternoon, McCain swept into Washington, walked to his office with pal Joe Lieberman, said little at a contentious White House meeting, did a few TV interviews, sped off to his home and proclaimed, through a spokesperson, that he was “optimistic” about bringing House Republicans “on board.”
McCain’s high-wire intervention in the financial crisis is his latest showstopper move – and his riskiest. He might succeed, but the candidate’s penchant for the dramatic has also raised anew potentially damaging questions of his age, executive abilities and, most of all, his temperament.
Here’s Joe Klein’s analysis:
McCain’s erratic, and irresponsible, behavior this week isn’t happening in a vacuum. This isn’t just politics–even George W. Bush, who never failed to take a partisan advantage in his presidency, realizes that. It is a time for leadership, a time for John McCain to explain to his fellow Republicans that this is one moment where government activism is absolutely necessary, that they have to get behind the Paulson compromise–and also try to explain to the general public, as Bush did on Wednesday night, that their savings and mortgages may be at stake if federal action isn’t taken. We’ve seen nothing like that from McCain. Just histrionics.
John Judis is even more brutal:
It is simply unpatriotic–it’s an insult to flag, country, and all the things that McCain claims to hold dear–for McCain to hold this financial crisis hostage to his political ambitions. McCain doesn’t know a thing about finance and is [in] no position to help work out an agreement. If we do suffer a serious bank run, or a run on the dollar, it can be laid directly at his feet. As I said to friends last night, if McCain had been president at this point, I would have wanted to impeach him.
Then there’s this hilarious bit from First Read:
During a speech on the Senate floor this morning, Sen. Chuck Schumer (D) urged President Bush to “respectfully tell Sen. McCain to get out of town. He’s not helping.” …
He added, “When you inject presidential politics into some of the most difficult negotiations under normal circumstances, it is fraught with difficulty. Before McCain made his announcement, we were making great progress. Now after his announcement, we are behind the 8 ball. We have to put things back together again.” …
“So this is a plea to President Bush, for the sake of America, please get your party in line. Get the House Republicans to be more constructive; get Sen. McCain to leave town and not throw fire on these flames. And maybe we can get something done.”













2 Comments »
Comment posted September 26, 2008 @ 4:31 pm
Who gives a damn what color the proponents are? You’ll be hard-pressed to find any leaders, blue or red, that won’t throw gas on the fire. This bailout bill is the greatest crime of this century thus far and it’s being pushed on us like a used car. Buy in the next fifteen minutes or the deal’s off!
If Democrats who are thoroughly bribed like Chuck Schumer get their way, we will finance the exodus of our own banking industry and be forced to throw millions of homeowners out of homes to collect even 25% of the book value, but there won’t be any tax base left. If Republicans get their way, we’ll repeal some taxes and have yet another massive bubble to burst and yet more federal debt to pay skyrocketing interest on. Like Will Rogers once said, “This country has come to feel the same when Congress is in session as when the baby gets hold of a hammer.”
Regardless of what happens this week, we can anticipate that Congress will lay the loopholes and deregulation needed to set up the next big Wall Street scam. If the bailout passes, the banks will disinvest in America, choosing commodities and foreign currency instead.
Comment posted September 28, 2008 @ 9:08 pm
Don’t you worry, John McCain has a plan.
Sarah Palin will save the nation’s economy!
McCain said to the Wall Street Journal, in November 2005: “I’m going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.”
In December 2007, McCain similarly said: “The issue of economics is not something I’ve understood as well as I should.”
In December 2007 McCain again made a similar statement, while also saying that he’d like to appoint a vice presidential running mate who is “intimately familiar” with economics, and that’s Sarah Palin? Is this the financial genius he was talking about?
In The Chicago Tribune Interview 12/07: McCain said, “The issue of economics is something that I’ve really never understood as well as I should. I understand the basics, the fundamentals, the vision, all that kind of stuff,” he said. “But I would like to have someone I’m close to that really is a good strong economist. As long as Alan Greenspan is around I would certainly use him for advice and counsel…”I’ve never been involved in Wall Street, I’ve never been involved in the financial stuff, the financial workings of the country, so I’d like to have somebody intimately familiar with it,” he said of a potential vice presidential candidate, that’s why he chose Sarah Palin?
GOD HELP US ALL!!!!!
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