On the heels of the economic crisis, Sen. John McCain suspended all actions of his campagin today citing a return to Washington to aid in the bailout plan for the American economy. In this landmark decision, a politician hasn't put a campaign on hold since the Reagan administration. There is much concern still, today, that the economic shortfall will lead to an overhaul of the economy. Pres. Bush said in this address to the Nation Wednesday night that the entire "country may feel the effects" of this disaster looming. He also hinted of a "long and painful recession." Bush and select task force members will meet today to discuss wheter or not a bailout is the right answer. Congressional leaders made note Wednesday they could not "trust" the federal reserve by handing them a free 700 billion dollars worth of tax payer money. Even though Bernake believes that is the best way to go, Congress has their doubts.
On the political front, the debate scheduled for tomorrow night may be cancelled after all. McCain is opting out of the disscussion, which will focus on foreign policy (something he is great at), and leaving a 90 table open for Obama. Obama says he thinks America should "move on." Strong words from a young Senator who has just regained a 3 point gallup poll lead vs. McCain.
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