Oh my, the goings on in our government continue to get “curiouser and curiouser.” Here are more random thoughts from my overtaxed mind:
-- I do not like the term “bailout” and conceptually I am not in favor of it. But I am also the first to admit that much of this goes way over my head. I am a lawyer who happens to work for a bank, so I have a basic understanding of regulation, but as for all the other economic stuff, I am next to clueless. I’m with those who believe that, with regard to how we got here, there is plenty of blame to go around.
-- I thought Bush did a relatively good job of conveying the gravity of the situation in his speech Wednesday night. It is ironic that he, who has espoused smaller government, is spearheading what is perhaps the biggest government intervention in history. I don’t think it’s what he wants to do, but I believe he thinks it is what he has to do. Again, I don’t understand enough to even venture a guess as to whether he is right or wrong. I hope he is right about the part that, once the government buys all these bad loans, they will eventually get their money back. Especially since it’s our money.
-- There was no way this thing was not going to get political. And I think this has essentially sealed the deal for Obama. No matter the reality of the situation, he's been able to use it to his advantage (with plenty of help from his media admirers). Unless something unpredictable happens between now and Nov. 4 (which is, of course, quite possible), I believe he is going to be our next president. The election is going to be decided by the undecided voters. I believe the majority of them will probably look at this situation and decide that we have had a Republican administration for eight years and things are not looking too good. Maybe it’s time to give the other side a try. I really hope I am wrong but that's my prediction.
-- Not sure what I think about McCain’s latest moves – “suspending” his campaign, going to Washington and trying to put off the debate. Did he really do this in the best interest of the country? I like to think he did but that’s really between him and God. The part of me that wants to think the best of him, though, believes that he had to have known that the mainstream media -- who are, let’s face it, in the midst of a love affair with Obama -- would blast him for it, which they have, and that it could/would ultimately cost him the election (which I think it will). He’s not stupid, so maybe he decided it really is more important to participate in this process and let the chips fall where they may as far as the election is concerned. Who knows, history might treat him kindly for it. But for now, the sky is falling and a Republican is in the White House (see previous bullet point).
-- I thought the account we got of Obama trying to call McCain on Wednesday was rather comical. Of course each tried to put his own spin on it but it appears that Obama called McCain at 8:30 a.m. and McCain called him back around 2:30 p.m.. Just how are those calls placed? Does each carry his own private cell phone? Something makes me think they are not in each other’s “five.” I would guess there are a few layers you have to go through to reach either of them, no matter who you are. They do each have a few irons in the fire right now (although Obama has assured us he is quite able to multi-task). If they were able to make connections within a six-hour time frame, that seems pretty good to me.
-- I am ready for it to be over. I have, since I was a very young person, always enjoyed the process. The first presidential election I remember is Lyndon Johnson and Barry Goldwater. Needless to say, things have changed drastically since then, especially the way we get information. And I am somewhat addicted to getting that information. I don't get near as upset about it as I used to, but I can get pretty worked up. I need to get over it.
-- Well it looks like the debate is going to happen. It wouldn't look too good for McCain not to show up. Word is that Obama's going to go at him fully loaded and, in his most sanctimonious way, question why in the world McCain would want the two of them to high-tail it to Washington and do their respective jobs as senators when they needed to be telling the American people what they'll each do as president. As I said -- and I really hope I'm wrong -- I think we're headed for an Obama presidency.