John Fund made the most sense explaining the bailout. Fund said it’s a done deal because no pol on either side of the aisle wants to go home and campaign for reelection with a tanking economy. So they are going to do what grandma and grandpa do when taking the grandkids to Disneyland – throw money at the problem.
The more you read about unfriendly foreign banks, illegal immigrants and terrorists all turning a quick buck on the housing industry, the more this deal stinks. If, as the president told us last night, there’s a good chance the government will make money on the bailout, why not give that opportunity to the private sector with tax incentives? Either the picture isn’t quite as rosy as the president paints it or it’s an unnecessary power grab by the government.
There is no way the government is going to make money on this deal unless they hire Mitt Romney to manage it. You cannot have the same people who ran and looted the program to begin with now running the bailout. An idiot is one who keeps doing the exact same thing and expecting a different result. Washington is loaded with idiots - sleazy, greedy, greasy, unpatriotic idiots – also know as politicians and in the main Dem Pols.
So, John McCain has suspended his presidential campaign to head back to Washington to work on the crisis that Washington created. I believe McCain is sincere. I don’t think he’s the right guy to be heading up negotiations. No doubt he’ll “cross the aisle” and give away the farm.
But McCain’s sincerity places B-HO in the position of appearing to be a total partisan – good bye independent vote – or, at a minimum, very slow on the draw. President Bush compounded B-HO’s problem by inviting him to the White House to work on the problem. What’s B-HO gonna say, “I’d love to, but Indiana is in play and I have a rally scheduled for Thur noon in Ft. Wayne.”
Also postponing the debate is slick move. McCain has challenged B-HO to 10 townhall debates. B-HO the dope who said he’d debate McCain “anytime anywhere” refused McCain’s invitation. So what’s the B-HO to do if he’s the only one standing on stage Fri while McCain is away wrestling with the nation’s most serious and immediate problem?
They could cancel all of the debates and both suspend their campaigns until 6pm on the 3rd of Nov. Only an idiot couldn’t make up his mind on this one.
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