The perils of premature credit-taking.
Sen. John McCain (R-Ariz.) and his top aides took credit for building a winning bailout coalition - hours before the vote failed and stocks tanked.The rush to claim he had engineered a victory now looks like a strategic blunder that will prolong the McCain's campaign's difficulty in finding a winning message on the economy.
Shortly before the vote, McCain had bragged about his involvement and mocked Sen. Barack Obama for staying on the sidelines.
"I've never been afraid of stepping in to solve problems for the American people, and I'm not going to stop now," McCain told a rally in Columbus, Ohio. "Senator Obama took a very different approach to the crisis our country faced. At first he didn't want to get involved. Then he was monitoring the situation."
McCain, grinning, flashed a sarcastic thumbs-up.
"That's not leadership. That's watching from the sidelines," he added to cheers and applause.
[...]
After the vote, commentators were harsh. MSNBC's Chris Matthews said: "He's like a cavalry commander who said 'Charge!' and the Republicans went into retreat."
For those keeping score at home, this is how the vote went. Here's the Texas delegation:
FOR:Brady - R
Edwards - D
Gonzalez - D
Granger - R
Hinojosa - D
Johnson, E. B. - D
Reyes - D
Sessions - R
Smith - RAGAINST:
Barton - R
Burgess - R
Carter - R
Conaway - R
Cuellar - D
Culberson - R
Doggett - D
Gohmert - R
Green, Al - D
Green, Gene - D
Hall - R
Hensarling - R
Jackson Lee - D
Johnson, Sam - R
Lampson - D
Marchant - R
McCaul - R
Neugebauer - R
Ortiz - D
Paul - R
Poe - R
Rodriguez - D
Thornberry - R
UPDATE: Rick Noriega, who did win the Blue America Senate contest last week, is talking about the bailout and other matters at C&L.
Posted by Charles Kuffner on September 29, 2008 to National newsNeither of these candidates seem to have a solution but if Obama is going to revert to Clintonesque Economic policies then he has my vote, I just hope and pray that we will delegate foreign affairs to the joint chiefs and let them take care of business. The economy should rebound by next summer, but the housing market will likely be poor til after the summer. If you have money, buy property in Los Angeles proper and Vegas...also some great steals on the West Bank/Algiers/Gretna side of New Orleans. Thanks Uncles Sam and President Bush....the best tag team we could ever ask for.
Posted by: Joshua W. Delano on September 30, 2008 11:30 AM