Bailout

I think most of us are still asking the same question about Wall Street - WTF??? Is the bailout a good idea? Who knows, but I have to question the timing. The historical analogy I see the current administration drawing is that this is the greatest crisis on Wall Street since the Great Depression. Okay, I'm willing to take them, Paulson and Bernake, at their word.

That being said, I have to wonder whether anyone in 1929 thought it was a good idea for Herbert Hoover's financial team to guide them out of that great morass. I believe history shows us that the public didn't think so. If memory serves me correctly FDR and the Dems not only got elected in a landslide but then were re-elected three more times.

This doesn't bode well for McCain. Being a member of the party in power is becoming the proverbial albatross around his neck. He admittedly doesn't know much about the economy. He hasn't shown much leadership on the issue and neither has Obama. Obama doesn't have to. He can follow Lincoln's example prior to the 1860 election. Lincoln was an unknown quantity with very little national level experience. He didn't really say much of anything of substance. He was just a better alternative than what the other party had to offer.

I'm not saying that Obama is the next Lincoln or the other extreme - the next Jimmy Carter. What I am saying is that at this point the Palin bounce is gone and I'm beginning to view McCain as the ancient mariner.