McCain/Palin's Day of Media Infamy - Page 6 - Mercedes-Benz Forum

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post #51 of 57 (permalink) Old 09-27-2008, 11:31 PM
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I think the implication is that by coming in with a political agenda and "grandstanding" as the term was used that he put that deal in jeopardy. And frankly, if that deal were to have fallen apart completely by that action, it would have put the country in danger.

This is a VERY VERY serious week for this country. We have not really stood this close to an edge like this since October 1962. Every move has got to be done right otherwise the costs are enormous on a global scale.
I understand the charge. I just don't see the danger. McCain was not a contributor to the process, and had he made any demands they would have been ignored. All the participants knew he was a lightweight with no capital to offer the players in any meaningful currency, political or governmental.

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post #52 of 57 (permalink) Old 09-27-2008, 11:38 PM
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I understand the charge. I just don't see the danger. McCain was not a contributor to the process, and had he made any demands they would have been ignored. All the participants knew he was a lightweight with no capital to offer the players in any meaningful currency, political or governmental.
The danger came when the little coalition that formed to give him credibility for the election stalled things. If that had not reined in, the capital THEY had, with their ability to stall could have been enough to create the tipping point.

It was not just McCain. It was the effort to establish credibility for him and distance him from Bush that was the catalyst for the danger. It did not happen because the right people put their face in front of the camera and did not blink.

The White House was one of that group.

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post #53 of 57 (permalink) Old 09-27-2008, 11:49 PM
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The danger came when the little coalition that formed to give him credibility for the election stalled things. If that had not reined in, the capital THEY had, with their ability to stall could have been enough to create the tipping point.

It was not just McCain. It was the effort to establish credibility for him and distance him from Bush that was the catalyst for the danger. It did not happen because the right people put their face in front of the camera and did not blink.

The White House was one of that group.
The impression I got, and I may be all wrong, is that the coalition was up and running and not so very much concerned with McCain's big adventure as with their own political hides and maybe even the country to some degree. McCain happened to find them there when he arrived and promptly did what he was told. It would have been MUCH better for old tinderbox if he had been able to preside over a resolution before going back on his pledge to 'see the crisis through' before heading to Mississippi. 'Time may tell'.

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"...pour out of one vessel into another; and as those old Romans robbed all the cities in the world, we skim the cream of other men's wits, pick the choice flowers of their tilled gardens to set our own sterile plots."
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post #54 of 57 (permalink) Old 09-28-2008, 02:16 AM
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The impression I got, and I may be all wrong, is that the coalition was up and running and not so very much concerned with McCain's big adventure as with their own political hides and maybe even the country to some degree. ...
My impressions ... the concern was very much about the country. The consensus was that we will end up in a depression unless something is done. I suspect Bernanke had a major role in providing the common ground being a neutral academic expert in the 30's era. This effort was above politics for the most part.

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http://www.nytimes.com/2008/09/28/bu...nted=2&_r=1&hp
Representative Barney Frank of Massachusetts, the lead negotiator for the House Democrats, said that there was no expectation of making anyone smile.

“This was never going to be a bill that was going to make people happy,” he said. “No solution to a problem can be more elegant than the problem itself. We are dealing with a very difficult problem.”

Officials, including Mr. Bush, stepped up efforts to sell the plan to the American public, which, according to opinion polls, is deeply skeptical.

“The rescue effort we’re negotiating is not aimed at Wall Street; it is aimed at your street,” Mr. Bush said in his weekly radio address. “There is now widespread agreement on the major principles. We must free up the flow of credit to consumers and businesses by reducing the risk posed by troubled assets.”

In a brief speech on the Senate floor, Senator Kent Conrad, Democrat of North Dakota, said: “It’s not just going to be Wall Street. The chairman of the Federal Reserve has told us if the credit lockup continues, three million to four million Americans will lose their jobs in the next six months.”

Last edited by mlfun; 09-28-2008 at 02:21 AM.
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post #55 of 57 (permalink) Old 09-28-2008, 09:48 AM
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My impressions ... the concern was very much about the country. The consensus was that we will end up in a depression unless something is done. I suspect Bernanke had a major role in providing the common ground being a neutral academic expert in the 30's era. This effort was above politics for the most part.
I am one who believes that these rare crisis can create enough fear of god in the governors, that they might be able to huddle together just long enough to care about each others worlds, and foster in them the slightest wish to do something real for the common benefit. But the wish in itself is no guarantee of profitable work.

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"...pour out of one vessel into another; and as those old Romans robbed all the cities in the world, we skim the cream of other men's wits, pick the choice flowers of their tilled gardens to set our own sterile plots."
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post #56 of 57 (permalink) Old 09-28-2008, 09:57 AM
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The impression I got, and I may be all wrong, is that the coalition was up and running and not so very much concerned with McCain's big adventure as with their own political hides and maybe even the country to some degree. McCain happened to find them there when he arrived and promptly did what he was told. It would have been MUCH better for old tinderbox if he had been able to preside over a resolution before going back on his pledge to 'see the crisis through' before heading to Mississippi. 'Time may tell'.
That is a very possible scenario. From what I read the Republicans worked with the real plan but had this little secret plan going in the background. Apparently it was to be a surprise for the meeting where everyone was involved at the White House.

While McCain might not have known [which I still doubt] I have no doubt his campaign certainly did. They were disparately trying to attach his name to something that did not smell like Bush.

McBear,
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post #57 of 57 (permalink) Old 09-28-2008, 09:59 AM
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My impressions ... the concern was very much about the country. The consensus was that we will end up in a depression unless something is done. I suspect Bernanke had a major role in providing the common ground being a neutral academic expert in the 30's era. This effort was above politics for the most part.
I agree that it finally got to that point. And it appears to be final again.

I think that Thursday it was on very shaky ground, however after that plan coup attempt.

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