McCain Suspends Campaign to Ruin Everything
So Barney Frank and Chris Dodd—and some senior Republicans!—hashed out a compromise bailout plan that looked much better than the Paulson plan, and it should pass the House and Senate before the markets open on Monday. Hooray! Except John McCain needs to look like he solved this crisis, so he told Spencer Bachus, the ranking Republican on the House Financial Services Committee, to announce that no one agreed to anything and then Bachus added that McCain has his own brand-new plan no one has seen before. So by "solving the crisis" McCain basically torpedoed the bipartisan consensus just as it formed. Barney Frank is all "why didn't Bachus bring this up during our meeting, the fact that John McCain would immediately force him to denounce the plan he just agreed to?" Meanwhile John Boehner has appointed nine ultra-conservative House Republicans to draft a third plan. Ha ha ha...?? The Dodd/Frank plan still might pass. But who knows what Bush will do! We won't debate any of the plans on their merits because what the fuck do we know (except that the Boehner plan will be terrible). Oh and how about those debates? "I'm hopeful that we can. I believe it's very possible if we can get an agreement in time to for me to get to Mississippi but I also asked Senator Obama to go to 10 town halls with me...he refused." That's a rough quote from McCain to the press at 5:30 or so today. He probably thinks he sounds very leader-y and not just petulant. Obama wouldn't debate me then, on my terms, 100 times, so I won't debate him now! Why can't this 100-year-old man GROW UP.