John McCain: "Time out!"
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Posted to Politics on Thu Sep 25, 2008 at 03:03:16 AM EST (promoted from Diaries by 1fastdog). RSS.
John McCain stated today that starting Thursday he will suspend his Presidential campaign so he can return to Washington and work on the current financial crisis. By an amazing coincidence the first Presidential debate is scheduled for the next day.
McCain, who by his own admission isn't an expert on economics, served as Chairman of the Senate Commerce Committee twice, from 1997 to 2001 and from 2003 to 2005. In the latter case he was succeeded by Ted "Bridge to Nowhere made out of a Series of Tubes" Stevens (currently under indictment). Considering that the "current financial crisis" is the biggest news story going right now and will doubtless be the number one issue in the debate I can see where McCain wouldn't want to have to actually give an opinion on the subject. After all, his philosophy since Day One has been prevent and repeal any regulation of the financial service industry and oppose any federal intervention in the marketplace, except for that one time when 747 Savings and Loan companies went bankrupt because they'd overextended themselves making real estate loans and started cooking the books to cover it up and had to be bailed out by the taxpayers to the tune of $120 billion. Meh, that's ancient history and everyone learned their lesson. It could never happen again.
By contrast, Obama is ready to go and wants to continue with the debate as scheduled.
McCain went on the attack Tuesday, accusing Obama of showing a lack of leadership by staying "mum" on the financial crisis. Obama hit back by traveling back in time to September 16th and laying out his economic plan at a rally in Golden, Colorado. McCain responded quickly by not quoting the official 2008 Republican Party Platform, adopted unanimously September 1st:
"We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself."
On the other hand, it's a great relief having McCain return to Washington. He hasn't spent much time there lately. As a matter of fact, he's missed 64% of the votes this Congressional session. Even the two Senators who had to have brain surgery (Ted Kennedy and Tim Johnson) managed to show up to work more often than The Maverick.
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