I think the media, and most voters, are truly missing the point here. The candidates are both correct when they try to stress the urgency of the situation, and the need for some feasible agreement to be reached as soon as possible. For each day that the issue remains unresolved, the money crunch worsens and the effects are being felt in businesses and households all over the nation. But the problem comes when we expect the candidates to come up with the answer. Reality check - neither McCain nor Obama has been sworn in as president yet. In case you forgot, there is still a guy named George W. Bush residing at 1600 Pennsylvania Avenue, and he's got a lease there until January of next year. This is HIS problem right now, and it is HIS job to rally the administration and Congress to work out a deal. His failure to do so is the problem here, so laying the blame for the bailout's defeat on either candidate is a bogus move.
What, exactly, do people expect McCain and Obama to do right now? They are senators - no more and no less, and both have been removed from the day-to-day business of Capitol Hill for months now as they campaign for the presidency. How, exactly, are they responsible for leading Congress to the answer for all our nation's economic woes? After a crash that was years in the making, it is unrealistic to look to either one of them to solve it all in a week or two. They have both voiced their belief that an agreement on a plan is urgently needed, and they have tried to encourage their colleagues to find some common ground. But for either of them to interject themselves into the process in a greater way would be inappropriate right now, and probably none too helpful, if the events of the past several days are any indication.
The McCain campaign has alleged that Obama has been "watching from the sidelines" during this crisis, and has not done enough to rally support for the president's bailout proposal. Reality check - during yesterday's vote on the bailout plan, 60% of House Democrats voted in favor of the bill, while only 37% of Republicans did so - despite the McCain camp's insistence that "It's really Senator McCain who got all parties around a table to hammer out a deal". The truth is that Congress is not focusing on the needs of the presidential candidates right now - many of them have their own election bids to worry about, and pissing off their constituents is not on their agenda. They do not answer to McCain, or Obama, and to add the presidential race into the mix is a distraction from the task at hand.
It's time for the media and the public to recognize that the leadership on this particular issue needs to come from the White House. Admittedly, this is easier said than done. Bush and his cohorts, after years of alienating and disappointing everyone around them, have fallen into the lame duck zone, where their powers of influence are virtually nil. Still, we cannot lay the responsibility for a solution to the bailout issue on the presidential candidates. Not yet, anyway. When one of them is elected, he will need to get his shit together pretty fast and take action to clean up this mess on a long-term basis. But for now, the immediate concern is the short-term needs of the market and of Americans who are scared and strapped for resources. Reality check -the president and the leaders in Congress must be the ones to step up and make something happen. It's time for everyone to get off the partisan blame train and admit that, even if it's tough to do, a plan is needed and the time to pass one is now.
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