Bailout Second Thoughts

Here’s the latest from me on the financial crisis. An interesting aside: both Gallegly and Murphy were angry at the role politics, particularly presidential politics, played in process so far. When asked if they meant John McCain’s involvement, both were quick to praise McCain for standing up for House Republicans. But nor were either willing to blame Barack Obama solely for the injection of politics into the process. Obama and McCain are returning to Washington this afternoon for the Senate vote but neither is sticking around for the House’s second attempt expected later this week. Seems the feeling is mutual – presidential politics doesn’t like this process either.