I can't help but to keep thinking about this $700 billion bailout that was supposed to help save our economy. The way Bush and company kept shouting
how urgent it was for Congress to draft and pass this bill to address our failing economy. The bill was drafted, passed and gave Bush everything he
wanted. However, once the bill passed, Bush and company started telling America that the bill wouldn't help the economy at the current moment.
In brief comments to reporters, he said the government needs a little time to get last week’s rescue plan working. “It’s going to take a
while,” he said. “We don’t want to rush into this situation and not have the program be effective.”
By introducing the bailout, I think Bush invited more gloom and doom news to an economy that was already struggling. This caused the markets to react
and the markets responded by going even lower. This bailout basically created a domino effect and we are still feeling it post election.
So, what was the reason for Bush and company wanting this bailout to be urgently passed? Why couldn't he have waited till after the election to get
this bailout through Congress? Why would Bush recommend this bailout, socialist might I add, fully knowing that it would hurt McCain and other
Republicans chances of winning? I am sure Bush is aware that the party in the White House gets all the blame.
I personally think Bush did a number on McCain on purpose? Prior to this proposed bailout, McCain was virtually tied with Obama. Once news of the
bailout came out, McCain numbers began to sag big time. McCain never recovered.
In the last week of September, the race was essentially tied. Then Wall Street collapsed -- and it collapsed right on top of John McCain.
Why did Bush do this?
Was it because of something that happened in the 2000 election when McCain ran against him?
Was it because the Republican party ignored and distance themselves from him during this election?
Was it part of a bigger plan to get Obama elected?
Why didn't Bush let McCain, a fellow Republican, know ahead of time about the proposed bailout? The way McCain acted, I feel he had no idea that this
bailout was coming into play. If Bush had given him notice, he could have at least had a planned strategy rather than an erratic one.