John McCain seems to have the chops for it. His melodramatic suspension of his campaign leads one to believe that he considers the current credit crunch to be worse than the Civil War (Lincoln actively ran for reelection) or WWII (FDR ran in 1940 and 1944, although, given his health, he probably shouldn't of run in the latter).
First, although this a serious matter, it isn't 1929 redux. A piece on CNN.com pointed out that, unlike the Great Depression, the Fed has been smart enough to not restrict credit or start a trade war.
Second, it's not as if a deal can't be done without him. Neither McCain nor Obama sit on the Banking, Housing and Urban Affairs committee, which is doing the work on this. The key negotiators on this would be the majority and minority leaders of that committee and of the Senate. McCain is none of these.
Third, trying to cancel the debate is just silly. Oxford, MS isn't the far side of the moon. It is only 47 miles from the nearest airport at Tupelo which is, itself, only about 770 miles from DC. They could leave DC mid-afternoon, do the debate and be back by midday Saturday. I think DC will still be there when they get back.
Thursday, September 25, 2008
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