McCain – Assesses the Wall Street Bailout with Prudence

According to a recent Reuters article, nothing has changed in Washington - the President, George W. Bush, wants to give Wall Street a virtual blank check (being from the Baystate; The Big Dig comes to mind), the Democrats, led in the press by Rep. Barney Frank (D. MA) are screaming foul at every turn, because they have come up with a plan and allegedly had Bush ready to sign it. The Democrat plan has few restrictions: salary caps for ceo’s, and capital gains tax increase, along with oversights and transparency (something McCain has been pushing for all along). Bush will normally bow to media and democrat pressure, one of his major pitfalls with conservative. Frank and the press are blaming the administration for the collapse, when every single deal going on has Obama’s, Kerry’s, Dodd’s and Frank’s fingerprints all over the place (Those who benefited from kickbacks by Freddie and Fannie, and Frank particularly for pushing for no background checks on lower income individuals applying for mortgages.) Bush to his credit was concerned about potential problems with Freddie and Fannie, and it was Frank’s who poo-pooed his fears as ridiculous. The chickens have come home to roost, and so, Democrats do what they are bound to do – point the finger at the other party.

Here’s the kicker – the House Republican’s have developed their own version, one which is sensible, contains oversights, yet does not cripple small business. John McCain wants to investigate all avenues, which, considering the magnitude of what our government is asking of John and Jane Taxpayer, is a good idea. Obama wants to get it over with and debate (which may or may not be in his best interest considering that the debate would be on Foreign Policy) – it’s me, me, and more me – Obama 24/7.

McCain is acting like a man – a man who would look at all the proposals from both sides of the aisle in order to come to a sane and reasonable solution to this mess. He is also in the position to and more importantly willing to negotiate across party lines. In other words, he is not rushing to judgment, or putting himself first, rather he is governing in a style more presidential, one that proves he knows who he’s working for – the American people. Obama on the other hand offers little, citing politics as McCain’s motivation and demanding the debate take place like a spoiled child - the press, otherwise known as "journalist for Obama", are doing everything in their power to make McCain look unreasonable.