Morris changes his mind almost daily. From his Friday column:
http://www.dickmorris.com/blog/2008/09/26/the-brilliance-of-mccains-move/
By Monday, at the latest, the Democrats have to cave in and pass the Republican version. They don’t dare pass their own without GOP support, so they will have to cave in to the Republican version.
Then McCain comes out of the process as the hero who made it happen when the president couldn’t and Obama wouldn’t. He becomes the bailout expert.
And, of course, the bailout will work. With the feds standing behind the bad debt, whether by purchase or loans and insurance, Wall Street will breathe a sigh of relief. Bears won’t dare bet against the economy with the entire weight of the federal government on the other side. They may be bears but they are not rabid.
Finally, McCain, as the reigning expert on bailouts, then can take the tax issue to Obama, saying that a tax increase, such as the Democrat is pushing, would destroy the bailout, ruin the economy, and trigger a collapse.
This bold move by McCain is about to work. Big time.
Fine, even assuming your premises, you don’t allow a hole to be dug so deep that you can’t regain public perception on this issue.
If McCain wants the RATS to capitulate and pass the GOP version, he needs to turn up the heat on them!
This passivity is a losing strategy.