Friday, October 3, 2008

Bailout Fallout

This is a critique of a recent commentary pertaining to the Republican Party’s management of the current financial crisis. More specifically, John McCain’s response to the situation. (http://tinyurl.com/3hw6gf)

This commentary is directed at anyone who is either interested in current events, politics, or finance. The author claims that the Republican presidential nominee and his staff have mismanaged the situation, and cites recent polls and news articles to back up his argument.

He claims that the majority of the public seems to not only blame the Republicans for the crisis, but also believe them to be responsible for the defeat of the first proposition. This, he says, will not only make it difficult for the republicans to win the presidential race, but also win races for the house and senate; stating that the party’s chances hinge on the success or failure of the bill.

I agree with the authors commentary that the majority of the country is less than impressed with the Republican Party response to the financial crisis, whether warranted or not. The bill is going to need to prove some real visible results in a short amount of time to increase the Party’s chances of retaining the presidency.

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