Thursday, September 25, 2008

McCain runnning for cover on financial crisis

A couple of good commentaries to note:

Harold Meyerson writes in the Washington Post about "McCain's Ploy":

Slipping in the polls? Concerned that Americans may be paying more attention to the declining economy -- and even supporting economic regulation again -- than to your own stellar leadership abilities?

What's a Republican presidential nominee to do?

If you're named John McCain, the answer became apparent yesterday afternoon -- make the solution to the economic crisis all about you. Suspend your campaign. Pull out of tomorrow's debate -- a trivial exercise merely allowing Americans to judge the two candidates side by side. Change the terms of the nation's economic discussion from the course we should take, and the defects of the laissez-faire model that got us here, to the indispensability of John McCain, leader of leaders.

In the Wall Street Journal piece titled "It's Judgment Day for McCain," Thomas Frank suggests that McCain has "a special advantage to bring" to any investigation of Wall Street practices:

many of the relevant witnesses are friends or colleagues of his. In fact, he can probably get to the bottom of the whole mess just by cross-examining the people riding on his campaign bus.

A number of progressive groups are organizing rallies today around the country, calling it a national day of action on the theme "Congress must fix the mess created by Wall Street. But the right way. NOT by a no-strings-attached $700 billion handout." Check here to see the organizations involved and find an event in your area.

And Working America, the community affiliate of the AFL-CIO, has put up an action page where you can send a message to your member of Congress and congressional leaders and tell them "No blank checks for Wall Street."

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