McCain Continued to Be an Idiot

Blind Finger Pointing

The financial bailout bill failed in the House. Sure enough, McCain blames Obama:

McCain blames Democrats for bailout failure; Obama says look at the record.

McCain: "Sen. Obama and his allies in Congress infused unnecessary partisanship into the process."

His senior policy adviser, Doug Holtz-Eakin: "This bill failed because Barack Obama and the Democrats put politics ahead of country."

What are they talking about? What did Obama have to do with it? Republicans are the ones who voted in majority against this bill. Obama has been pretty neutral at worst, and otherwise urging that action be taken along with McCain.

Republicans tried to blame Pelosi too for a "partisan speech" (the truth) putting the blame squarely on the Bush Administration's careless stewardship. So, the country is in crisis, our economy is about to fail, and the biggest thing on these Republicans' minds is that Pelosi was mean to Bush? Give me a break and grow up.

Obama didn't even want to go to Washington, preferring not to overreact or get in the way and infuse presidential politics, the exact opposite of McCain's claim. McCain dragged him there and with that whole charade is more obviously the one infusing presidential politics. McCain didn't even speak at the meeting while Obama did, but somehow this whole thing is Obama's fault? Again, get real and give us some credit for intelligence higher than a doorknob.

The Consequences of Fear-Mongering

The Bush Administration's handling of the whole bailout plan was reckless. Henry Paulson and Ben Bernanke and Bush himself come on saying we need this (power-grabbing blank check) plan now, no debate, or our economy will utterly collapse. And then, the second the bill doesn't pass, Wall Street dives almost 800 points. It's a self-fulfilling prophecy. Tell someone that the economy ought to collapse if the bill doesn't pass and like lemmings they will go and make it so. Drama queening begets drama queening.

Had they been a little less dramatic and apocalyptic about the need for this plan, I have a feeling the market wouldn't have reacted so drastically. Banks might continue to fail, and that's the problem, but it would be the steady decline we've been seeing previous to this bill.

People need to calm down and work diligently towards a reasonable solution and refrain from Hollywood, chicken-little-esque reactionary drama.