Douglas Holtz-Eakin, a senior policy adviser to McCain's failed
campaign, said Nov. 19 that McCain's support for the $700
billion bailout of the financial sector was the "key strategic
policy error of the entire campaign."
"We also make mistakes," Holtz-Eakin told a group of
conservatives at The Heritage Foundation in Washington, D.C.
"There's no doubt about it--20/20 hindsight. I think the key
strategic policy error of the entire campaign, that is mine, is
believing that the bailout bill would help."
Both McCain and President-elect Barack Obama voted for the
bill, which has taken on a different role since being promoted
as a measure that would have given the Secretary of the
Treasury the authority to purchase the troubled assets thought
to be behind the current financial crisis.
Holtz-Eakin said it was a move of desperation because the
campaign was taking a lot of criticism for not being more
proactive at the time. . . .
"That was the key strategic error that we really made,"
Holtz-Eakin added. "Had we stayed away from Washington, stayed
away from being identified with that bill - which was
ultimately against the John McCain brand-- that's not a bill he
normally would support-- we would have been better served in
the long run, I believe. But, that financial market meltdown
combined with bad strategic decisions, I think, was a real
crippling combination of events."
Told you so. Where do Republicans find these "senior policy
advisers" who give such disastrous advice? Is there some
Institute for Expert Ineptitude where GOP candidates hire people
to tell them to do the wrong things for the wrong reasons?
On the other hand, Bill McInturf recently blamed the House
Republicans for their opposition to the bailout, saying it made
McCain look bad--which is probably true, as if that was their
first priority.
The GOP's Washington establishment, including its mouthpieces in
the press, still largely believes that supporting the bailout was
the right call. For example, the allegedly brilliant Krauthammer,
only last week, attempting to build a rhetorical firewall between
the Paulson bailout, which he still supports, and the big 3 auto
bailout, which he opposes, haughtily dismissed the House
opponents of Paulson's folly as "Know Nothings."
If I were Krauthammer, for the sake of my reputation, I'd say
nothing at all about the bailout for the next few months.
Agent Orange Peel| 11.20.08 @ 3:10PM
Is there some Institute for Expert Ineptitude where GOP
candidates hire people to tell them to do the wrong things for
the wrong reasons?
Yes there is:
GOP Institute for Expert Ineptitude
It was founded in 1958, one year after the last balanced budget
produced by a Republican president, 1957 and Dwight D.
Eisenhower.
Emporer Palpatine| 11.20.08 @ 6:35PM
hey, add in the self induced flat tire of announcing via
conference call that you were pulling out of Michigan, you know
like right after the convention when you were starting to gain
some momentum.
McLame threw the fight.
Emporer Palpatine| 11.20.08 @ 6:35PM
hey, add in the self induced flat tire of announcing via
conference call that you were pulling out of Michigan, you know
like right after the convention when you were starting to gain
some momentum.
It wasn't just the decision to vote for the bailout that hurt
McCain, it was how he handled the situation. His economic
ignorance was on display for all to see.
ruth| 11.21.08 @ 2:12AM
Sometimes I thought he seemed erratic, and it made me feel
uncomfortable. Strange campaign.
Monica Wolf| 11.21.08 @ 3:22AM
McCain ran against his own brand pretty much from the get-go, not
just on this issue but just about anything you can think of.
On another point, it's not entirely surprising that a political
party that has had a very good run over the last 30 years by
running against government would have some problems fielding
"senior policy advisors" who have any advice worth listening to.
Bob| 11.21.08 @ 5:01AM
Most Republican campaigns are about tactics and not strategy --
that's what coalitions require since, by their very nature, they
require a balancing act. It certainly points out why no one
should have voted for McCain. He was the one responsible for the
campaign and obviously didn't understand the difference. Neither
did Sarah "Barbie" Palin.
WendyG| 11.21.08 @ 9:04AM
Bob, "the Republican" stops by to hurl more insults.
I'd rather Sarah than the plagiarist Biden. But theft never
bothers liberals, just look at the scam Al Franken and his band
of thieves are trying to pull.
Obama hid in the tall grass during the bailout fiasco, aided by a
press that gave him cover. As usual, when the going got tough, he
voted "Present." That's not leadership. No wonder he's gathering
around him all the Clinton hacks. I have a feeling that we are
all going to find out eventually, that with Obama, there is no
there, there. He is an appealing idea to liberals, he feeds their
desire for a messiah to save all the "po people" and he's not
Bush.
At least McCain didn't hide during the bailout.
McCain is a thousand times a better man. Does anyone here think
Obama would fight for his country, let alone endure what McCain
did in Vietnam?
J David| 11.21.08 @ 9:36AM
Emporer Palpatine: "McLame threw the fight"
Right! He has been owned by George Soros since about 2001. He was
chosen to do what he(throw the fight)did long ago, and it was
done with the explicit and implicit complicity of RINOs at the
top.
james23| 11.20.08 @ 1:21PM
On the other hand, Bill McInturf recently blamed the House Republicans for their opposition to the bailout, saying it made McCain look bad--which is probably true, as if that was their first priority.
The GOP's Washington establishment, including its mouthpieces in the press, still largely believes that supporting the bailout was the right call. For example, the allegedly brilliant Krauthammer, only last week, attempting to build a rhetorical firewall between the Paulson bailout, which he still supports, and the big 3 auto bailout, which he opposes, haughtily dismissed the House opponents of Paulson's folly as "Know Nothings."
If I were Krauthammer, for the sake of my reputation, I'd say nothing at all about the bailout for the next few months.
Agent Orange Peel| 11.20.08 @ 3:10PM
Is there some Institute for Expert Ineptitude where GOP candidates hire people to tell them to do the wrong things for the wrong reasons?
Yes there is:
GOP Institute for Expert Ineptitude
It was founded in 1958, one year after the last balanced budget produced by a Republican president, 1957 and Dwight D. Eisenhower.
Emporer Palpatine| 11.20.08 @ 6:35PM
hey, add in the self induced flat tire of announcing via conference call that you were pulling out of Michigan, you know like right after the convention when you were starting to gain some momentum.
McLame threw the fight.
Emporer Palpatine| 11.20.08 @ 6:35PM
hey, add in the self induced flat tire of announcing via conference call that you were pulling out of Michigan, you know like right after the convention when you were starting to gain some momentum.
McLame threw the fight.
Jason| 11.21.08 @ 1:34AM
It wasn't just the decision to vote for the bailout that hurt McCain, it was how he handled the situation. His economic ignorance was on display for all to see.
ruth| 11.21.08 @ 2:12AM
Sometimes I thought he seemed erratic, and it made me feel uncomfortable. Strange campaign.
Monica Wolf| 11.21.08 @ 3:22AM
McCain ran against his own brand pretty much from the get-go, not just on this issue but just about anything you can think of.
On another point, it's not entirely surprising that a political party that has had a very good run over the last 30 years by running against government would have some problems fielding "senior policy advisors" who have any advice worth listening to.
Bob| 11.21.08 @ 5:01AM
Most Republican campaigns are about tactics and not strategy -- that's what coalitions require since, by their very nature, they require a balancing act. It certainly points out why no one should have voted for McCain. He was the one responsible for the campaign and obviously didn't understand the difference. Neither did Sarah "Barbie" Palin.
WendyG| 11.21.08 @ 9:04AM
Bob, "the Republican" stops by to hurl more insults.
I'd rather Sarah than the plagiarist Biden. But theft never bothers liberals, just look at the scam Al Franken and his band of thieves are trying to pull.
Obama hid in the tall grass during the bailout fiasco, aided by a press that gave him cover. As usual, when the going got tough, he voted "Present." That's not leadership. No wonder he's gathering around him all the Clinton hacks. I have a feeling that we are all going to find out eventually, that with Obama, there is no there, there. He is an appealing idea to liberals, he feeds their desire for a messiah to save all the "po people" and he's not Bush.
At least McCain didn't hide during the bailout.
McCain is a thousand times a better man. Does anyone here think Obama would fight for his country, let alone endure what McCain did in Vietnam?
J David| 11.21.08 @ 9:36AM
Emporer Palpatine: "McLame threw the fight"
Right! He has been owned by George Soros since about 2001. He was chosen to do what he(throw the fight)did long ago, and it was done with the explicit and implicit complicity of RINOs at the top.