A Blatant Political Ploy.

It wasn't even a year ago today that john mccain said he wasn't an "expert on wall street". On the day Lehman Brothers fell and the DOW dropped 500, mccain claimed "the fundamentals of our economy are strong". Now... He, senator john mccain, Has to be in Washington to fix the economic crisis, an investment banking crisis his votes for deregulation helped to bring to fruition. Maybe he wanted his first vote in the Senate since April to be surrounded by hoopla. He had to be there so fast, so immediately, that he cancelled a Letterman taping to be done a few hours after his announcement. He was in New York City being interviewed by Katie Couric at the time of the taping. Here's a great clip of Dave crushing john's sudden cancellation. Thank heavens he could make time in the morning to meet with the notorious turn coat clinton backer who now supports the man who'll take away her right to choose and doesn't support equal work for equal pay.

Yes john mccain was whisked away. I can picture him now illuminating all the people who have been working on this crisis. Experts on all things Economic and financial hanging on his every word. Finally their oracle has arrived.

The republican candidate's Top Economic Advisor, who recently claimed that We were a "Nation of Whiners" in a "Mental Recession", phil graham, co-sponsored the legislation that, coupled with greed on wall street, has lead to this crisis, and he is going to go in there and fix it? We could talk about the touchy subject (no, not the investigation into sarah palin's abuse of power as governor) of john's Campaign Manager lobbying for the deregulation of freddie mac and fannie mae, and getting millions of dollars for it.

On the question of should there be a Presidential Debate on Friday, The President of the United States has to be able to handle multiple, not to mention HUGE, tasks and crises. Given the current state of affairs, both foreign and domestic, it is guaranteed the next president will have to, and with modern day airborne transportation, a flight from Washington, D.C. to Mississippi isn't all that long. I'm pretty sure both campaigns have access to a plane. If it was necessary for them to be in Washington (they are both there today) they could be there and hop on a plane to Mississippi for the debates. Why not tell the American people what you want to do for the economy? The topic for Friday's debate "is" foreign policy, but that could be changed to the economy, at least partially. I'd like to hear the candidates' proposals for reversing the downward spiral Our economy has been in over the past year or so.

Maybe the no pull president wanted a quiet cheerleader in there in return for giving so many of his political staff to the mccain campaign? Or is there another reason john has to be in DC? Could the campaign not be going so well? Did, to quote Maureen Dowd, palin's "speed-dated diplomacy" photo op at the UN not work as well as hoped? Is it just a "time out" so that the campaign can try and grab some footing on the sliding polls? Does mccain need time for his team to finally come up with a coherent and consistent stance on US economic policy? Personally, I think it's just a blatant political ploy for him to attach a tag line to. But wait, the mccain campaign wants to postpone the first presidential debate to the day of the vice presidential debate next week, which would be rescheduled for a yet to be determined date. And by the sound of her appearance with Katie Couric, sarah palin may still need more "learning on the job".

It's important that We remember what caused this crisis as the failure in chief prepares to lay blame on Congress for not immediately rubber stamping his no oversight, no questions asked blank check of $700 BILLION dollar buy, I mean, bailout. It was the deregulation and unbridled greed of investment banks who's unrealistic schemes and deals put unrealistic value on unrealistic loans and mortgages. I keep asking myself if the government spent ONE TRILLION DOLLARS of tax payer money to help out those taxpayers who were about to default on their home loans and mortgages or even made it possible for the banks to lower the payments, would we be in the mess we're in. I know, that would be for low income, which means we'd hear the word "socialism" a lot more than we do for the bailout of billion dollar corporations, but "I'm not an expert on some of this stuff" either, john. He sure does have a way with words.

More on what the hell is going on with Our economy and the complete and utter policy failure, domestic, foreign, and economic of the 43rd president of the united states later.

Oh wait, they may agree on the bailout today or early tomorrow. I guess it's a good thing they have cancelled the debate yet.

UPDATE: The tentative agreement forged by Congressional leaders and the administration was all but blown up at the White House meeting, that johnny and george called for, by House republicans. It's actually being reported that Secretary Paulson took a knee and pleaded "please don't blow this up." Oh and Washington Mutual became the largest US bank to collapse.

From Yahoo: "At one point, several minutes into the session, Obama said it was time to hear from McCain. According to a Republican who was there, "all he said was, 'I support the principles that House Republicans are fighting for.'"

From Politico: "And the whole sequence of events confirmed Treasury’s fears about the decision by Bush, at the urging of McCain, to allow presidential politics into what were already difficult negotiations"