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Democrats Giddy About Financial Crisis

And you wonder why they put no pressure on their Members to get the bailout done in time

By: Dan McLaughlin (Diary)  |  October 9th, 2008 at 08:45 AM  | 

RESIZE: AAA

So the Politico tells us:

Three weeks of historic economic upheaval has done more than just tilt a handful of once-reliably Republican states in Barack Obama’s direction. Democratic strategists are now optimistic that the ongoing crisis could lead to a landslide Obama victory.

Well, maybe they are right and maybe they are wrong about how they can profit from the misery of the average American, but their glee is nonetheless telling. The bailout may not be that popular, and it may indeed end up arriving too late to help given the additional financial institutions that went under while it was pending, but John McCain at least tried to get the deal done when he suspended his campaign to rush back to Washington. Obama never made a single phone call and his leadership put no pressure on its members to support the package the first time around…now we know why.

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  • LandMan

    “John McCain at least tried to get the deal done when he suspended his campaign to rush back to Washington”

    Where the initial deal immediately fell apart and McCain failed to produce the number of House Republicans needed to pass the bailout.

  • asleep06

    For both economic and political reasons, he should have opposed the bailout and let Bush, Congress, and Obama take the responsibility for the abyssmal economy the month before November.

    He could have rode that all the way to the White House, but missed this platinum opportunity completely.

    Now, he’s stuck holding the bag with all the suburban moms looking at their retirement accounts.

    McCain’s only chance now is to focus on Obama’s massive spending plans that will put the US further in debt and communicate that he will cut spending and allow the economy to recover from the debt the government has spent the country into.

    That’s pretty much the only way for McCain to cut his losses on the economy and pull this out.

  • IndependentfrMI

    With the support for Congress at it’s lowest the only way for them to win, on the Dem side is to create a crisis and they are good at the economic one.

    They have done it before and they are doing it now!

    It used to be the Health Care Crisis.

  • Randman66

    John McCain lost my confidence entirely when he voted for the bail-out package. He had the opportunity to make a stand, to show steadiness in unsure times. The earth is moving beneath people’s feet and he has a chance to a beacon sanity and strength and consistency. Either you are against pork or you are not. Either you believe that government is the solution or you don’t. The mixed message alienates conservatives and pushes independents towards Obama. It is frustrating. Bush was popular because he stuck by his beliefs. McCain is always trying to finesse. This crisis was an opportunity to shine and he has turned into a liability regardless of Democrat glee.

  • bobojake

    do we need a president that ain’t accountable I think not thank a democrat(chuckie scummer, nacy reid, chris dope, barney frank, terrdy kennedy, john kerry,obama, harry peloski) in NOV for the Fannie-Freddie crash that destroyed our economy VOTE NO NO obama

    • PaRep

      Koncerned Khristian Konsevative Koncerned about Astroturfing

  • jimmuy8

    Some of us knew in advance that they were going to play politics with this–a scorpion never changes. But no, we shouldn’t have played politics with this, it was tooooo important. Nevermind that we could have scored political points and done the right thing–that would be to smart for the brain trust we call GOP leadership.

    If we would have been out front from day one saying, “We don’t want to do this–it goes against everything we stand for–but, because of corruption, Enron-style accounting and campaign contributions to Democrats, we have been forced to this crisis.” Let American know that we wouldn’t have to do anything if it weren’t for corrupt Democrats. Would that have been too hard? Jeez. So what if it is crass politics–it was and is true.

    • Badill_T

      I bet 25% of the country thinks the crisis is the sole responsibility of either Dems or Repubs depending on whether they’re the Olbermann type or the O’Reilly type, but the remainder aren’t buying this “sole responsibility” crap, especially when both parties have had control of congress at some point in the last eight years.

      I would guess that’s why there hasn’t been more focus on this than there’s been – O’Reilly did chew Frank a new one, you can’t say there aren’t serious efforts underfoot, but I bet the polls show that to be a losing strategy.

      I think the GOP brain trust has some idea of what they’re doing, but they can’t find a counter to Obama’s main strategy, which is McCain = Bush. Bush’s approval is an albatross around McCain’s neck. I don’t see people buying the line of attack you’re pushing, and I can’t see a clear path to McCain victory. It’s not over yet, but the spending numbers don’t look good and Obama refuses to make a rookie mistake.

  • Marcus_Traianus

    I have yet to see facts articulated that support this fantasy Obama “led” in the crisis; save he “led” in taking lobbying money from Fannie/Freddie. He also has an economic plan that raises taxes by almost a trillion dollars. Sure, that shows true economic awareness in these times. Obama can push his class warfare nonsense that rich guys will pay for this. Do you think there are enough rich guys to pay a trillion dollars? If you do, I have a bridge for sale.

    Have we ever heard from Paulson about this constant contact and the “advise” Obama was giving? Thought not; plus the very idea Obama was giving Paulson advice is absolutely hilarious.

    McCain stood out front on this issue; that’s what leaders do, for better or worse. McCain played that role because he believed it was the right thing for our country; a role McCain has played his entire career.

    Honest minds can and do disagree on the need for this package. I am very close to this entire business and have vacillated on its ultimate wisdom. That said, McCain earned my respect since he was willing to do what was right- not what the polls told him. Imagine that, a politician who lets his intuition, experience and leadership skills provide guidance. That is not only honestly refreshing in this race, but also for the entire current COngressional crowd.

    • pwest

      PA, you’re not giving up the ship. Good for you; I like your spunk. I’m voting no matter what.

      How do you stay in such a good mood? Please tell me how you can be so positive that McCain will pull it out! I just want to know. I’ve paid attention to politics along time, but only recently got involved.

      • PaRep

        Hotline sucks I was quietly predicting that that is why they closed it up so they could expand it & make it look like Obama won the debate

        Zogby has it at 3.6% lead for Obama, Battleground is down 1 point to 3 piont lead for Obama, Ras is down 1 to 5 point lead

        HOW the Heck could the Hotline go up 5 points ?????????????????/

        • pwest

          thanks!

  • MrsPankhurst

    Republicans never tried to make hay out of 9/11

    • Moe_Lane

      It’s not our fault that the American people’s first reaction (after ducking) to hearing a large explosion is to go look around for the Republican.

      • speciallist

        n/p

  • ILLINOIS_CONSERV

    in Wisconsin. In a townhall setting a question was asked when McCain is President will there be indictments and will he name names regarding the sub-prime meltdown. He mentioned Frank and Dodd and how the Dems created this mess in the first place and are now trying to take credit for fixing it! Of course this is on Foxnews…not the MSM.

  • birdmojo

    All that “yay, hurray, job creation and job security!” and all that stuff?

    Well, when it comes to recessions/depressions, Democrats read it the same way. Job creation. Job security.

  • hunter

    around the necks of every deomcrat who voted for blocking FNMA and FMAC reform.
    And around every lawyer who has ever worked on behalf of ACORN to force banks to lend to un-qualified borrowers.
    And especially around the democrats who were lawyers for ACORN and who took huge amounts of FNMA money and then appointed former FNMA execs to work in their campaigns.

    There is nothing else to really do in this election except to tell the truth about democrats, FNMA, Obama and our economic problems.

    • IndependentfrMI

      You get my vote.

      • Vuk

        How do you feel when the Democrats accuse us of hoping for a terrorist attack to improve our political chances? It’s offensive and so is pretending that anyone is happy that people are suffering.

        I live in a pretty Blue city, and there are a few Dem operatives on my block. They don’t seem all that thrilled with the economic situation.

        This isn’t the first time in US history that a serious economic downturn has followed a few terms of big-government Republicans. The fear is that McCain is even more thrilled with the idea of huge government than the current lame duck.

        I’ve got a feeling that a lot of people are thinking, after today’s news about US nationalization of banks, that if there’s going to be Socialism, those of us who work for a living might as well get something out of it. You blame them?

        • birdmojo

          If the crazy cosmotarian libertine members of the Libertarian Party have any overlap, at all, with the Republican Party it’s on issues of Fiscal Conservativism.

          Republicans seem to know (or used to know) that there is a difference between someone employed by a corporation and someone employed by The State.

          In times of downturns, Republicans seem to (or used to) take the attitude that corporations need to create more jobs.

          Democrats seem to take the attitude that creating more government jobs is the same thing. It’s putting people to work. It’s putting money in their pockets. Rent is paid, products are bought.

          Indeed, if you see the economy as nothing more than two rich guys handing a $100 bill back and forth really fast, both parties are doing more or less the same thing.

          If, of course, that’s how you see the economy.

          • PaRep

            Picks their “UNDECIDEDS”

            http://tinyurl.com/4z3av3

          • pwest

            LOLOLOLOLOLOLOLOL!

            Do you think McCain can win PA? I’d like your totally honest assessment!