Quote:
Originally Posted by Jon
I'm not sure that this is going to work at this point, because there is a perception that McCain is just grabbing at straws. Besides the fact that it's not really accurate, I think any traction he might gain would be ended by the anger people will have when they realize that McCain hasn't proposed anything that benefits the middle class and what he has proposed is really more corporate welfare (the part of buying the mortgages at face value) and in violation of the bailout that just passed.
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I think
anything that McCain does from now on will be seen as desperate. But this I think may have more legs than other desperate moves.
Obama's recent lead comes almost exclusively from the financial crisis. Add to that that the American people are angry and want to see the people who caused this crisis punished - certainly named and shamed. And when it comes to the political side of this (as distinct from the bankers, mortgage agents etc ) then it would seem the Democrats have as much responsibility for this as the Republicans.
The cause of the crisis is the toxic packages infecting the financial community. The cause of this is the sub-prime collapse. The cause of that collapse is the level of default on the sub-prime mortages. The cause of that is that too many people took out mortages they could never afford. The cause of that is (and I'm merely repeating Republican claims here not personal knowledge) is that Democrats pushed for mortages to be made available to the bottom end of town.
Therefore it should not be difficult to lay much of the responsibility (which is what many Americans want) on the Democrats - the genesis of the problem is their determination to make mortgages available to those who cannot afford to service them and every thing else, including the Wall St crash, stems from there.
I would think that would have as many legs as any other move McCain may make
