Thursday, September 25, 2008

The Debate and Bailout Plan

The move of John McCain, suspending the presidential debate on Friday with Barack Obama is only a political maneuvering to avoid further erosion of support in his bungling campaign. He knew he cannot parry the issues that may be raised by Obama regarding the economic and more particularly the financial crisis being blamed with the republican administration. President George Bush is seeking a 700 Billion tax dollar bailout with congress and this is the reason McCain is using to evade political debate.


Bush further invited McCain and Obama for a joint meeting with congressional leaders to conform to McCain’s debate suspension move. With such arrangement, any suspicion that McCain is diverting the issues of campaign shortcomings will be covered by what they think a more pressing concerted actions which are needed to be implemented immediately. However, this costly bailout plan is not pleasing with the concerned American taxpayers. In the first place, why are they being made to suffer of the consequences of the mess created by these private financial giants after they have profited from the flawed operation favoring only the few? But Bush is duty-bound to act with dispatch which will cost the jobs of millions of the Americans if not treated with the right solutions. And this is the most applicable justification to save McCain’s candidacy from the harms that maybe inflicted by the republican’s faulty economic programs.


McCain and Obama, however, cannot do anything with the financial crisis congressional meeting. Any move or suggestions coming from them will be interpreted as political grandstanding. The financial crisis solution can be taken up in the debate involving both the presidential protagonists and whatever bright ideas that may be brought up can be included in the bailout plan that may be approved by congress. And the debate, if can be pushed through, will be both beneficial to the crisis solution and the candidates; and the voters, as well, will be provided an intelligent choice of the candidates’ economic and leadership perceptions.


Hence, McCain’s postponement of the debate will not be construed as evading or running out of the direct confrontation regarding their respective platform of governance. He can distance himself from Bush’s busted economic and performance images.

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