flailing

From the Washington Post:

McCain found himself in a particularly awkward position after bragging about his role in building a coalition behind the rescue package yesterday morning -- hours before it was defeated.

In a curt statement after the measure was rejected and stocks plummeted,McCain...declared that "now is not the time to fix the blame."

Hours later, a further statement:

"Senator Obama and his allies in Congress infused unnecessary partisanship into the process"

From the same report, a fellow Republican criticizes McCain:

"The herky-jerky insertion and the comments on the side and then taking credit this morning for passage underscores that when it comes to the economy, he just does not have the right rhythm," said the former government official, who spoke on the condition of anonymity to talk freely. "John seems almost tone-deaf on this stuff."

I quote this mainly to introduce the wonderful term "herky-jerky" to readers.

Comments

[Neo]

This morning we hear that Obama wants to raise the FDIC level from $100,000 to $250,000 to "restore confidence". One easy question ..

exactly how many of those "middle class Americans" that have been living from paycheck to paycheck have $100,000 in their bank accounts, let along $250,000 ?

I know I don't. All it does is create a safe alternate to the mattress for those who bail out of the market. Some confidence building measure.