The Bush administration already has all of the tools it needs to correct the crisis on its own. The Treasury has a trillion dollars available already to buy up bad mortgages, and the SEC has the power to fix the market regulations freezing liquidity.
This is McCain’s opportunity.
He called for Cox to be fired and was criticized for it.
But I think he was right, actually.
And he can take it further.
He needs to come out and accuse the Bush administration of fear mongering, declare the bailout a scam and the crisis as manufactured.
It would instantly make him a hero to both conservatives and liberals alike, and end this election.
The trouble with your scenario is that McCain has been openly saying he believes the situation is so bad that something does have to pass the Congress and he will do anything he can to help get a bipartisan bill.
I heard him for myself on Fox and Friends this morning.
I know he has spoken his views on other occasions that I didn’t personally hear.
McCain can’t say the opposite of what he apparently believes (and has already said).