Republican Opposition

(Community Matters) Blogosphere speculating House Republicans will vote no on the bailout and that McCain may do so in the Senate. They’d only be able to do this knowing that House and Senate leadership will see a bailout through, since we might see a catastrophic economic meltdown without it. Liquidity has been tightening for the last 14ish months, but dangerously more so last week. McCain as a populist may in fact garner points by voting against the bailout, which Congressional leaders have negotiated to include 1) oversight, 2) equity participation, 3) executive compensation caps (grrr, don’t see how these will work, alas I don’t disagree in concept) and 4) the right for court judges to apply opinion in deciding if a borrower merits relief. In fact, these have addressed the principles laid out by Obama. I’m not sure my usually optimistic perspective extends to believing Americans would see McCain opposition as anything other than politically opportunistic. Comfort in the fact that Obama’s numbers are rising consistently.