Before the election of 2000 was even decided, Bush was already moving in to the White House. Nerve? Yes. Gall? Yes.

That’s the same nerve and gall we’re seeing in mavericky John McCain here:

McCain urges Treasury Department to take action

DES MOINES, Iowa - Republican presidential nominee John McCain is urging the Treasury Department to intervene aggressively to limit damage from the financial meltdown, action that McCain says President Bush can take with the stroke of a pen.

Opening a business round-table Tuesday in Des Moines, Iowa, McCain said he has urged the Treasury to use its exchange stabilization fund “as creatively as possible” to backstop the market crisis. He says officials also should use the authority granted in a housing bill to purchase up to a trillion dollars in mortgages.

McCain decried the defeat of the financial bailout measure in the House, and he warned that the nation’s political leaders will have to take risks even though solutions to the crisis may be unpopular.

The man does not know what he’s doing.

(HT: Bat)

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Sums it up real nicely.

From the FORTUNE article, “Main Street turns against Wall Street”:

“The next President will have to temper expectations a lot,” says Middlebury College economist David Colander, “far beyond what either of the candidates has been willing to talk about.”

If that means Republican John McCain gives up on letting the upper middle class keep the Bush tax cuts, it also means that Democrats will have to stop promising ambitious spending programs.

Even though Obama says his push for universal health care isn’t in any jeopardy, I think we can all agree it just ain’t going to happen. Even in good times there are too many low-income poor folk who continue voting against insuring that their own children have health care, in favor of handing over more wealth to the wealthy. They’re holding out hope that “trickle down” will eventually kick in. Rush Limbaugh tells them it will happen, so they believe. Besides, who wants to be called a “commie pinko bastard”?

Capitol Hill brimmed with calls for limits on pay for any executive who wanted taxpayer help.

If the final measure mentions anything about “effective” pay limits to these bastards, I’ll eat my hat!

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Bush Urges Quick Passage of Bailout Package

President Bush this morning warned lawmakers against trying to make too many changes to the proposed financial bailout legislation, saying the plan needs to be passed quickly and relatively intact to stem damage to global financial markets.

Weekend negotiations “made good headway” in crafting a bill to bolster a system weighed down by problem home mortgages, Bush said. But with proposals circulating to include provisions for homeowners in the bill or to use it to limit executive compensation, Bush cautioned that too many added provisions could impede approval of critically needed legislation. [...]

“Failure to act would have broad consequences far beyond Wall Street. It would threaten small business owners and homeowners on Main Street.” (emphasis mine)

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That’s what you would have to have to make the following statement:

Counters JOHN A. BOEHNER spokesman MICHAEL STEEL: “Liberals’ sad obsession with scape-goating President Bush, and their conspiracy theories regarding the wars in Iraq and Afghanistan, will not bring us any closer to our goal: bringing our troops home with success.”

Read what he’s referring to HERE.

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