Unfortunately, Nancy Pelosi, Harry Reid and the Democrat leadership are not willing to take the lead on this important issue. They know the plan is a fallacy designed to scare the American public into passing the largest socialist expansion of the federal government in history in much the same way 9/11 allowed them to pass the Patriot Act. The know the bailout is ultimately doomed to failure. So instead of coming up with a real solution, they choose to blame house Republicans for their failure of leadership.
This cowardice is only accentuated by the actions of Pelosi and Harry Reid in yesterday's meeting with Bush and Senators McCain and Obama. On Wednesday Harry Reid issued the following statement about McCain's decision to go to Washington to help breach the deadlock:
[I]t would not be helpful at this time to have [McCain and Obama] come back during these negotiations and risk injecting presidential politics into this process or distract important talks about the future of our nation's economy. If that changes, we will call upon them. We need leadership; not a campaign photo op.
Yet, when it became time for Nancy Pelosi and Harry Reid to explain the Democrat position on the bailout and display that leadership they instead deferred to their presidential candidate Barry Obama.
We think a total lack of leadership and the inability to take a position on key issues are exactly the kind of 'change' the American public is clammering for.
On a related note, the game of chess McCain has been playing with Obama, the one that forced the would-be democrat president to follow McCain's lead to Washington, has made yet another bold move. The debates are back on.
We won't call this a brilliant decision by any means. Reversing the decision to delay the debates may come off looking as though McCain blinked first. However, if the McCain campaign's plan was to distract Obama and keep him from spending the last 48 to 72 hours prepping for their big foreign policy debate, it may just pay dividends yet.