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Regular thoughts on the human condition and corporate social responsibility by the CEO of a "for-benefit"company.

Hail McCain, the great uniter!

"The global economic crisis was barely averted today by the courageous efforts of US Presidential candidate, John McCain, who selflessly set aside his campaign -- putting country first, while rival Barack Obama practiced for a debate -- to work around the clock with a breakaway group of maverick House Republicans to get them to back the $700 billion troubled assets purchase plan first offerred over the weekend by the genius, Henry Paulson, Treaury Secretary.

Senator McCain, as he has done so often in his long and storied career of public service, used his experience to reach across the aisle and single-handedly negotiate the most important piece of legislation ever acted upon by the US government.

In early polling, results show that 75% of Americans now trust McCain on the economy, up from less than 45% just yesterday."

The above excerpt, from tomorrow's New York Times, is the outcome I see developing. I think the Republicans, just like all Americans, want the economy to get healthy. I think they want to take action and they want it to be the right action. They are, in my view, well-motivated public servants.

They also desperately want the White House.

Is it not possible they might choose to use this opportunity to position their man as the hero of the bailout negotiations? Despite the fact that he sat silently in the President's meeting for hours yesterday while Senator Obama peppered Secretary Paulson with questions, the spin could well develop that the group of conservative House Republicans rallied behind McCain and the day was saved. And Americans will buy it. And, as a result, a man who only a few months ago confessed to knowing little about the economy and who has built a career on the very deregulation that brought us to this place, could well be elected our next President.

Watch the spin in the next 24-36 hours. The cynic in me says this will be done in time for him to arrive in Mississippi at the debate tonight as the conquering hero, but the skeptic thinks even that might be impossible to engineer. I don't know if there will be a debate, but I expect there will be. By the way, the spin on that will be that Mr McCain will look bad because, instead of practicing this last few days, he's been trying to save the world...

 

Comments

 

Mike Robbins said:

The cynic in me can see the same scenario with respect to an engineered debate/discussion crisis to be overcome by the white knight - and does explain the quiet stance of Mr. McCain yesterday as he would be fully aware of the orchestrated walk out if developments did not go according to plan.  However, he will be truly pushed if those House Republicans are actually mavericks themselves; now that would be ironic!  I also suspect the NYT would put a different spin on the situation regardless.  My deeper sense of cynicism is that this type of grandstanding is par for the course for politicians today.  Everybody wants to be right (correct), avoid being wrong at all costs, not be associated with W or his polciies, and not offend even one voter or, more significantly, even one potential big donor.  

I believe the debate in Oxford, MS will proceed in some fashion.  I am also aware of the speculation that part of the McCain campaign plan to move this first debate to the time and place of the VP debate and to re-schedule that one would be an attempt to delay or eliminate the possibility (probability) of Ms. Palin revealing the actual depth of herignorance in a very public and unscripted format.  

I hope the American public demand truth and accountability and can discern it.

September 26, 2008 8:50 AM
 

matkins said:

I am just glad that in our times, the media's spotlight can put the McCain campaign's grandstanding tactics in public view.  This is playing politics in the worse way because it exploits the personal situations of folks who have retirement plans and mortgages caught up in this banking and investment firm debacle.  I am all for free market's working on their own, but when there are no regulatory agencies or mechanisms adequately overseeing them, human greed will get us to the exact place where we are today.  I remember as a high schoolerfirst becoming aware of economics and hearing  folks in the Reagan administration touting deregulation and have seen subsequent Republican administrations repeat the same mantra.  I hope that the American people will remember this in  spite of the McCain campaign's tactics.

September 26, 2008 9:36 AM
 

Steve said:

I may not agree with all his policies, but John McCain is the last politician I would suspect of putting his personal interests over those of his country's.

In 2005 McCain supported a bill to increase regulation of Fannie Mae and Freddie Mac.  At the time he gave a speech saying the US financial system was at risk without better oversight.  I have yet to hear McCain blame those who blocked that bill for the situation we are in now.  I did hear Bill Clinton acknowledge that fact yesterday.

September 26, 2008 10:25 AM
 

KFrance said:

I just hope Lincoln was right when he said…"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time."

...and not W who is quoted as saying: “You can fool some of the people all the time, and those are the ones you want to concentrate on.”

September 26, 2008 10:50 AM
 

gwen said:

"If money is not loosened, this sucker could go down", President George W. Bush.

Is this the language the American people want to hear for the president of the during this unprecedented financial crisis? Especially from a President, who only a month or so ago was continuing to  try and convince us our economy was in good shape and on the right track. Oh yeah, wasn't Senator John MaCain agreeing with him?

The White House and John McCain may believe they can once again come to the rescue, but I give the people of this great nation much more credit than to once again fall for these tactics. As a country, do we believe the Bush administration is in anyway responsible for our current state of affairs? If so, do you think we're going to trust the same group of policy makers to write a plan that's best for our country?

Oh, and there's that other thing, the trillions of dollars we are spending on a war which was started under false pretenses.

Fortunately, there is some true bipartisanship taking place in these negotiations. Alabama Republican Senator Shelby believes Treasury Secretary, Henry Paulson's plan is terribly flawed. He is backing his position with a five page letter from over 200 of the top economist in our country from Yale, MIT, Harvard, University of Chicago, Stanford and so forth.

The optimist in me wants to believe tomorrow's NY Times headline will read:

Debate Goes As Planned. Obama Addresses the American People and  Presents His Plan. Senator McCain Continues the Same Old Rhetoric.

September 26, 2008 11:01 AM
 

KTrapani said:

This is good dialogue folks. Steve, I didn't know about Senator McCain's 2005 call for greater regulation of the markets. That's very encouraging because, as you'd have to admit, it would have come in the midst of a 25-year process of intentional deregulation. I hope Steve's and Gwen'd hopefulness about motives turns out to be true. Remember that I acknowledged in my post that everyone wants to do the right thing for the economy. I have no doubt about that. I just think, in an environment that is so pervasively politicized, folks might decide to use an event as an opportunity to favorably position a particular agenda.

Feel free to chime back in or forward this link to others so that we might have a broader discourse.

September 26, 2008 11:30 AM
 

Yoav said:

Eeek!  I had actually not considered that: the Republicans "throw the game" for three quarters just so the missing quarterback can return in the fourth to win the game.  It is cynical to be sure, but I think it also gives McCain far too much credit as a political tactician.  

Another football story I see as more plausible is that he is just throwing another "Hail Mary pass."  Same with Palin.  It seems that, knowing he cannot win on the issues, he is against trying to distract from the issues.  If one takes him at face value - that he really did want to 'focus' on the economy - it is ironic that all anyone has been able to talk about is his 'suspension.'

Three links:

Business Week - Another Hail-Mary Pass For McCain - www.businessweek.com/.../another_hail-ma.html

TNR - A cynical idea that he is just upping the ante for the debate - blogs.tnr.com/.../could-mccain-be-doubling-down-on-the-debate.aspx

And, breaking news, he is going to the debate after all... so much for "America First" - thepage.time.com/mccain-camp-statement-on-resuming-campaign-attending-debate

September 26, 2008 12:11 PM
 

John Robbins said:

What Steve said about McCain calling for regulation of Freddie & Fannie is correct, but John Stewart just skewered him on the Daily Show.  This link will probably only be good a short time, until the next show is featured, but for now it's the one there in the middle of the screen.

http://www.thedailyshow.com/

September 26, 2008 12:43 PM

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"Of those to whom much is given, much also is expected." Growing up, there was probably not a day that I didn't hear those words from my mom or dad. As an adult in our me-first society, we don't hear often enough about our responsibility to share our many blessings with those who are less fortunate. All of us -- as individuals, as families and as companies -- can do more, much more to ensure that all God's children have safe and adequate access to shelter, nutrition, health care, education, economic opportunity and a sustainable environment. My hope is that this blog will offer a forum for robust and civil discourse on how we might work together to heal the world.
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