McCain Clueless, Didn't Read Rescue Plan, But Somehow His Presence is Crucial?

By: Lowell
Published On: 9/25/2008 1:49:22 PM

This is classic John McCain:

Though Sen. John McCain says the nation's current financial crisis requires "all hands on deck" because "the whole future of the American economy is in danger," he admitted in an interview in Cleveland on Tuesday that he hadn't even read the Bush administration's proposed rescue plan that was unveiled over the weekend.

So, John McCain himself admits he knows little about economics, didn't even read the $700 billion bailout plan, but now claims that his presence in Washington is crucial to a deal?  Sounds to me like McCain might be in what his pal Phil Gramm might call a "mental recession" here.

Comments



So far, the only person I've talked to who really seems to buy McCain's reasoning on this... (desfido - 9/25/2008 3:23:05 PM)
is from Arizona.

I find that interesting.



He hasn't read it? (Great Blue - 9/25/2008 4:51:34 PM)
How Cheneyish.

Here's the original bill.  It's 2.1 pages long.  Could somebody please read it aloud to McCain?  Ought to take 2 to 3 minutes at most.



Insurance vs a bailout (Quizzical - 9/25/2008 11:16:17 PM)
I'm listening to some House Republicans saying they want to set up an insurance program, in lieu of a bailout.

But insurance doesn't work financially when you buy it after a loss is already in progress.

As I recall, after Katrina, some legislators wanted to allow people who didn't have flood insurance, and whose homes were flooded or destroyed, to retroactively buy flood insurance, and they insisted at the time that it wouldn't be a handout. It was silly.

Same thing now.