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Thursday, September 25, 2008

Of Strategy And The Financial "Bail-Out"

John McCain has got to find a way to make it appear as if he is mindful of the economy and has at least even a rudimentary plan for the future of the country.

Considering the first debate will likely have a few questions regarding the current financial crisis within Wall Street, it would appear that this was close to the front of McCain's mind.

Is McCain going to vote for the "bail-out" and then claim credit if it works?

When you take a look at the fact that it was, in point of fact, other members of Congress that did all the proverbial "heavy-lifting", I wouldn't put it past McCain or any of his staff to boast that his involvement played a key roll. He's also likely to claim that he "forced" the meeting between Bush, Obama, and him.

However, all this will only work if the "bail-out" goes through before tomorrow night's debate.

Something else of note, John McCain has not introduced a single banking or housing bill in this, the 110th, congress.

Obama has introduced 5

Obama has introduced 130 measures during this Congress. Five of Obama’s standalone bills fall within the Banking Committee's jurisdiction.

Obama’s legislation calls for bolstering housing assistance for veterans, amending the Securities and Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation, halting mortgage transactions that promote fraud, authorizing local and state governments to crack down on companies that invest in Iran's energy sector and authorizing a pilot program to prevent at-risk veterans from becoming homeless.

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