"Bailout Bill: Obama Needs to Lead, Not Be One of the Bailout Bipartisan Musketeers"
Last night, he announced that he'd urged Democratic leaders in Congress not to pursue efforts to include an economic stimulus package in the bailout, or to push for a provision giving bankruptcy judges the power to rework mortgage rates because it might derail a deal.
There has been a flood of irate calls and emails pouring into Congressional offices from people who are not buying George Bush's efforts last night to paint the bailout not as a helping hand to Wall Street but essential to avoid wiped-out retirement savings, rising home foreclosures, lost jobs, and "a long and painful recession."
http://www.huffingtonpost.com/arianna-huffington/bailout-bill-obama-needs_b_129374.htmlAll of the people saying that what McCain is doing is foolish and intrusive, well that's looking at it strictly from the reality based point of view. You have to consider the point of view of manipulating the public. I believe this is what McCain will do: He has never stated whether or not he supports the President's bailout package, indeed if you can believe it, he says he hasn't even had a chance to read the 3 pages. He will side with the defecting Republicans, who currently have the populist sympathy, and be seen as distancing himself from Bush while Obama, if he supports the bailout, will be seen as the one who swindled the taxpayers out of a trillion dollars and siding with Bush.
If the bailout goes through and the markets don't tank, these people will say the market was fine all along. If the bailout goes through and the market tanks, they will say he just wasted even more of taxpayer money. Obama needs to step carefully here. These next few days can make or break the election. My suggestion, no bailout. Say much more time is needed to hold proper hearings before a decision can be reached. Put this off till AFTER the election. Remember, they had this plan drawn up two months ago!