One day we may know if he was spot on with his position -- that being the day we might all be standing in a soup line, talking about Great Depression II.
Question: Was Secretary of the Treasury Paulson too arrogant in his approach to the legislation?
Bluntly put, yes.
Question: Did most members of Congress understand the nature of the alleged crisis?
Bluntly put, no. Most of them have either never run a business, or haven't in way too long, so that their understanding of economics is sophomoric. Even a less high-handed messenger than Henry Paulson would have had trouble penetrating these hard noggins.
Question: Why did House Speaker Nancy Pelosi start attacking President Bush in her speech on the floor of the House prior to the vote?
Possibly to kill it. Pelosi had already told some powerful Democrats who wanted to vote for bill that that might be OK because enough Republicans were defecting from "yes" votes that the legislation wasn't going to survive.
Question: Should John McCain have become so involved in the legislation and so closely identified with advocating its passage?
For a man who seems to do what he believes is right, the answer is yes. But as a candidate for president, absolutely not. We have since polled the presidential race in many states, and McCain has lost ground. That near-inevitability likely was not lost on Speaker Pelosi when she made her pre-vote speech blasting President Bush.
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