McCain tries to repair bailout damage

[independent_uk]

A chastened John McCain tried to put his damaged bid for the White House back on track yesterday while ducking blame for the economic mayhem that has intensified an already bitter presidential race.

Falling in the polls, the Republican senator called for renewed efforts to patch together an economic rescue package, a week after stirring up fellow

Comments

[lurkitty]

I think Sen. McCain, who was supposed to ride in on his white charger and deliver the Republican vote, has egg on his face.

[docwoodstock]

At least he arrived.... and didn't "phone a friend"...

[renegade_blue]

Undoubtedly. If Obama can pin McCain down as a Republican, and the Republicans are the one who brought on the crisis, then they will suffer. I've read that Americans in general regard Wall Street as a Republican institution - it is definitely playing into Obama's hands.

Even if they pass something in Congress there will still be economic failure in other American banking and financial institutions, there will continue to be home foreclosures.

[lavenderfrost]

Bush isn't just a lame duck President - he's a dead duck. The death bell tolled back in the start of election season before the primaries when his own party began distancing themselves from him. These days, he's just hanging in there until he's allowed to crawl home with his tail between his legs.

[tyskkvinna]

It looks especially bad since Bush was pushing so hard for it, with McCain right there beside him pushing for it.

McCain has admitted in the past that economy is not his strength. It's showing. It's definitely hurting him and his party.

[jeffxandra]

In general, the Republicans' fate is more tied to the economy's behavior in this final 6 weeks than are the Democrats. In this election, the answer is yes.

That said, the bill is wildly unpopular and, in my assessment, doesn't solve the underlying problems facing the economy.

So those who vote to pass this bill, (if it does pass and the economy still falters) regardless of party affiliation, will suffer the fallout over the course of the next few elections.