Hoisted from Comments: The best comment on John McCain's campaign suspension that I have seen:
Neal: It's a tough job being a windsock in a tornado.
Secretary Paulson, the leaders of both houses, the chairs and ranking members of the relevant committess--all were on the same page and working toward a financial deal that Paulson and Bernanke, solid Republicans, say is needed now.
John McCain announces he is suspending his campaign, cancels on David Letterman, gets made-up for and does an interview with Katie Couric, goes and talks to the Clinton Global Initiatiive the following day, persuades Bush to call a meeting at the White House, gets to Washington DC in the afternoon, goes and talks to the House Republicans, goes to the meeting, sits in the back of the meeting and is evasive, and when the meeting breaks up, three things are clear:
- John McCain won't say what financial rescue packages he supports or opposes.
- George W. Bush won't say that support for Paulson is a test of Republican loyalty.
- The House Republican caucus doesn't support their leaders.
- The House Republican caucus doesn't have an alternative plan.
That's quite an accomplishment. It is hard to read it any other way than as John McCain rallying the House Republicans to blow up the bipartisan agreement that was being negotiated. The House Republicans don't want to do anything to hold CEOs accountable, to protect taxpayers, protect homeowners, or provide oversight. The Treasury rejected the not-quite-ideas they put forward at the White House meeting last week.
moreUpdate:
September 26, 2008
MCCAIN'S 'SURREAL' CONFUSION.... Yesterday, John McCain swung by Capitol Hill, not to advance the negotiations on the bailout proposal, but to coordinate strategy with House Republicans.
Faiz highlights
this gem from the
Washington Post's coverage:
Boehner and McCain discussed the bailout plan, but Republican leadership aides described the conversation as somewhat surreal. Neither man was familiar with the details of the proposal being pressed by House conservatives, and up to the moment they departed for the White House yesterday afternoon, neither had seen any description beyond news reports.
At 1:25 p.m., McCain left Boehner's office through a back door, walking across the Capitol's rotunda to the applause of tourists. Graham conceded the group knew little about the plan the nominee had come to Washington to try to shape.
So, this week, McCain talked about a bailout proposal
he hadn't read, and a few days later, had a meeting with lawmakers about a competing proposal he knew nothing about.
No wonder McCain
sat silently while the grown-ups talked about fiscal policy at the White House yesterday; he couldn't think of anything substantive to contribute.
I sometimes get the sense that McCain is a con man, perpetrating an enormous fraud, hoping desperately that he can get through the next 38 days without anyone noticing he doesn't know what he's doing.