McCain lost this election for several reasons, but signing on to the bailout was his biggest mistake, IMO. Many Americans were against bailing out Wall Street, bad home investors, whathaveyou. McCain failed to see the obvious. More people were instinctively conservative vs. socialistic in addressing the financial crisis.
Paulson coming up with a fix that had to be passed in a few days, should have sent blaring warning signals to any and all. It reminded me of typical retail sales pressure tactics...think used car salesman. If the story was true about Paulson getting on his knees and “begging” Pelosi....well that should have been another loud warning.
I blame President Bush in not picking a better person for this job. I blame President Bush’s “new tone” for the democrats and media almost unapposed bashing of conservative ideology. McCain’s tone was about the same.
If there was any conspiracy, I don’t think Pres. Bush was in on it. This was incompetance, which will only get worse with Obama, this was greed, fear.....but mainly this is total incompetance.
I’m still waiting on President Bush to spend some time with the American people via TV to explain how this meltdown has happened, how it will improve with the bailouts, or how Paulson is adjusting plans based on market response. I think I’ll be waiting forever.
Girlene, don't hold your breath. They are making it up as they go along.
FRegards,
LH
Got a little video for ya, girl, while you’re waiting.
May not be economy related, but it does relate to The Big O and his plan for our safety.
http://www.youtube.com/watch?v=3AYG4y5et5g