I don’t know that I see it as a conspiracy. Could it be? I don’t know if it’s possible or not. The amount of money involved here is unfathomable to me.
But I do wonder if George W. Bush had wanted to if he could have buried this for a few more weeks until after the election. Wouldn’t Bill Clinton have done everything he could to hide the truth until after November? But President Bush trusted his advisers that this was indeed a huge crisis and acted in the most responsible way possible, given what he was told by Henry Paulson and others.
Same question - what would the current situation be had President Bush forcefully refused to entertain any such bailout package? Imagine if he had not only refused, but use the bully pulpit to make absolutely clear to the American people that he would not use taxpayer money for this socialist bailout of big money Wall Street firms?
My guess is that had McCain stayed on the sidelines with his mouth shut, refused to sign the the bailout package, while Obama sided with his his cronies, that:
1) The financial markets would have suddenly “found” another path to liquidity, with the President refusing the misuse TAXPAYER money.
2). The underlying manipulation would have had a higher probability of surfacing.
2) The stock market indices would have been no worse than they are today.
3) McCain would have gained much more support from “middle America” for not siding with big banks, Wall Street, and the Democrats (who wrecked Freddie Mac and Fannie Mae) on this bailout package.
4). McCain would be ahead in the polls.
The only downside would be that Obomber would have tried to link McCain as “once again” siding with the President, however, McCain could easily have deflected this by associating Obomber with big money and his Goldman Sachs connection.
At present, McCain has little standing to stick Obomber to Goldman Sachs since the both of them signed off on this thing.