Did I get this right?

wiesen:

Step 1: Bad shit happens.
Step 2: Treasury, White House, Fed and Congress start working on (and get close to) a plan.
Step 3: John McCain “suspends his campaign” and descends on Washington.
Step 4: Plan falls apart.
Step 5: McCain claims credit for bringing a coalition together to support the plan.
Step 6: Plan is defeated in the house by McCain’s party.

LEADERSHIP

This looks about right but I think more than anything it was defeated by the media due to a lack of communication from Bernanke and Paulson’s part. They never really communicated WHY this is a bailout of Main Street through Wall Street. Then calls to representatives were coming in 99:1 against the plan…

Notes

  1. mattlehrer reblogged this from wiesen and added:
    This looks about right but I think more than anything it was defeated by the media due to
  2. ilikeyou reblogged this from noraleah
  3. walpaper reblogged this from noraleah and added:
    Step 1: Bad shit happens. Step 2: Treasury, White House, Fed and Congress start working on (and get close to) a plan....
  4. noraleah reblogged this from wiesen
  5. mikehudack reblogged this from wiesen
  6. wiesen posted this