Friday, September 26, 2008

HAS HE DONE HIS HOMEWORK? 4 QUESTIONS FOR JOHN MCCAIN


Finished with his political theater, John McCain is now ready to resume his campaign. He will travel to Oxford, Mississippi to debate Barack Obama tonight at 9 p.m. EST.

McCain's decision earlier this week to "suspend" his campaign to address the financial crisis may prove to the largest misstep of his campaign thus far. I understand his intentions--and perhaps he was actually acting in good faith--but the notion that he had to be present to contribute to the talks in Washington is absurd, and only seemed to complicate matters.

In trying to seem above politics, McCain ended up looking desperate and unprepared. If he suffers in tonight's debate, look for his campaign to justify his performance by claiming that he was "focused on what matters--the economy," or other such nonsense.

If McCain was so integral to these talks, I'd like to see him answer these four questions tonight:

  1. What is the number one risk of the proposed bailout plan?
  2. What is the number one risk of not passing the proposed bailout plan?
  3. What specific types of assets should the treasury purchase and why?
  4. What is your plan for protecting the long term strength of the U.S. dollar?
If John McCain can speak specifically to these sorts of questions, then we will know that he was actually doing his homework this week. If not, then we know that the "suspension" of his campaign was a total sham.

Barack Obama will be ready with the answers, guaranteed.