A blog written by Manchester College students studying the 2008 presidential campaign.

Monday, September 29, 2008

House defeats $700B financial industry bailout

I just got done reading a post about how McCain may miss a Senate vote on the $700 billion bailout plan, but it turns out that they bill fell apart in the House. The real question for this blog surrounds what this means for the candidates and the rest of the country.

Now that the economy is in the crapper, what is the plan of the candidates to fix what Bush messed up (both directly and indirectly...)? (look, its the challenger strategy) Both candidates will surely post/publish responses that criticize the House and the Bush administration for their failings. The problem of our failing economy goes beyond party lines, but that's where the lines will be drawn in the sand. But after all that mud/sand/poop slinging will come the optimism for the future where both candidates will talk about how their, and only their, plan will be enough to fix things.

I personally think that no matter what happens, or who wins, the president really does not have the power to fix a failing economy - it all comes down to Congress. The entire "candidate plan" crap will only be a facade by which voters will be swayed, and then dropped from the face of the Earth once a winner is announced. Don't buy into it, people. Stay true to what this election is about - the issues.

2 comments:

Jihan k said...

i agree matt, and now their going to start blaming and ATTACKING THE RECORD ( which is the current adminstration) , either way the only solution is for both parties and candidates to come together to help solve this issue.

KBrown said...

I agree with you on the issue that the President really doesn't have all the power to fix a failing economy. It is up to the Congress; they decide on the majority of things anyways. So, it's pretty much up to them what they want. The best solution is for everyone to come together to work out the bumps in the road.