Thursday, September 25, 2008

Fly in the ointment

I'm not thrilled by need for the proposed bailout, nor am I entirely convinced of the efficacy of the scant provisions that have been floated.

But I'm sure of one thing: the LAST thing the bailout negotiations needs right now is an injection of partisan campaign politicking into the mix.

John McCain, apparently disagrees:

But after the meeting broke up about an hour later, the top Republican on the Senate Banking Committee, Sen. Richard C. Shelby (Ala.), who strongly opposes the bailout, told reporters, "I don't believe we have an agreement." He said he voiced his concerns in the meeting, calling attention to a letter from leading economists that lays out objections to the plan. The bailout plan "will create more problems; we're rushing to judgment," he said in summarizing the economists' argument....

A visibly irritated Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking Committee, summarized the impasse in more pointed terms. He told CNN that the meeting was thrown off when Republicans brought up "some new core agreement" that supposedly had been floated by McCain and was being considered by the Treasury Department.

"What this looked like to me was a rescue plan for John McCain," Dodd fumed. "This is a sad day for the country." He said he still hopes that a deal can be struck but that the Republicans "need to get their act together and decide what they're for."

And so McCain's policy of government by gimmick continues.

Seriously, is this REALLY what you want for the next four years? To live in a state of constant anxiety about what the man with the red button (and I'm not talking about this clown's nose) will do?

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