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Friday, September 26, 2008

Was this McCain's finest hour?

When I first heard the whiffs of detail about the bailout deal among the Administration, the Democrats, and the Senate Republicans, I was seriously considering doing a health-care-in-reverse, and try to move all my investments north of the 49th (where, at least, not every financial firm is a Crown corporation).

Within hours, it was clear the House Republicans weren't willing to play ball, and had a much better (i.e., less government invasive) plan.  Morevoer, they wouldn't back down even in the face of Bush, Pelosi, Obama, and Reid at an afternoon meeting at the White House.

Notice a name missing?  There's a reason for that.

John McCain was at the meeting, too.  Like everyone else, I expected we would see the "bipartisan" John McCain, the "sensible" John McCain, the John McCain who has a strange glee stabbing limited-government supporters in the back.  That John McCain.

Well, after House Republican leader John Boehner stuck to his guns, someone asked McCain for his view.  They got this: "I support the principles that House Republicans are fighting for."

It hasn't been the best couple of weeks for McCain, but he's pulled himself out of the Paulson Panic, that's for certain.  If we're fortunate, McCain can get the plan moved closer to the House Republican version.  If we're luckier than the casion house playing Black Jack, we could get the House GOP plan passed.  Either way, a lot of people should be grateful to McCain for stopping a terrible plan from getting rammed through Congress.

Posted by D.J. McGuire on September 26, 2008 in International Politics | Permalink


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I think McCain could make his opposition to this bailout madness a defining issue that would distance himself from the Bush Administration and the Dems and gain support in the campaign. The way this thing is playing out though, Washington will be perceived as a white knight rather than the intervening monstrosity that has brought about this predicted "crisis".

Posted by: John Chittick | 2008-09-26 10:21:38 AM

I had a drink with John McCain once a long time ago.
He seemed a very decent man at the time. I think this event shows that his heart and mind may just be in the right place. Now if we could just get him to acknowledge more fiscal responsibility to the American people by advocating the unbuilding of the overseas American military empire...he'd definately be going the right direction. Back towards the US Constitution. :)

Posted by: JC | 2008-09-26 4:12:42 PM

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