Thursday, October 02, 2008
If Obama goes on to win this thing, the key issue in most campaign post-mortems will be why a GOP administration declared an economic crisis whose solution was deemed to be a massive bailout of Wall Street six weeks prior to a general election. This was about the worse sort of development the McCain could have imagined, and it was for the most part, a crisis declared from above, not from the media, or talk radio, or from the public. I think there will be many a pundit and strategist who will look back from February to September and wonder why the administration didn't try to weasel out of taking any kind of responsibility for the economic state of affairs. Nobody in this crowd has been especially known as truth-telling straight-shooters after all.