We were in a tough position. The market was falling -200 points every other day. McCain needed to show the people he was doing something. Mac had his economic advisers (Romney included). President Bush and Romney urged Mac to go along with the first bailout. Mac’s campaign decided to gamble on portraying himself as a person committed to solving problems and rising above partisan politics. Hence his suspended campaign and cancelling the 1st debate. That blunder showed him to be desperate and clueless. The political consultants during the Bush era were really bad. Steele was right in cleaning house at the RNC.
Yes, Steele did a very good thing. So did Romney recommend this to McCain to tank McCain? or did he really think McCain should vote for it? This is important to know, when taken in context of the stories it was Romney people who worked for McCain behind tanking Palin; either way it shows we were just as well off not to nominate Romney.