Monday, September 29, 2008

The Timeline of the McCain economic campaign meltdown

After thinking about the last 2 weeks, I decided to make a timeline of John McCain, Man of Action, regarding the financial crisis.

September 15, 2008

John McCain: The fundamentals of the economy are strong

Stock market drops 500 points

Sept 16, 2008

McCain: We're hurting, and the fundamentals of the economy are - our workers. So if you criticize my comments about the fundamentals of the economy being strong, your insulting the American workers.

Mccain: We shouldn't bail out AIG

September 17, 2008

McCain: Bailing out AIG was a good idea.

September 18, 2008

McCain: I'd fire SEC chief Cox. Turns out the President doesn't have that authority.

September 20, 2008

Secretary of the Treasury Paulson submits his plan. It is 3 pages long, and asks for no oversight into the Treasury for the bailout.

September 22, 2008

Senate Banking hearing with Paulson about the bailout bill.

September 23, 2008

Mccain: I haven't read the Paulson plan.

McCain: We need a better regulatory system.

September 24, 2008

McCain suspends campaign - 8 days after "the fundamentals of the economy are strong" statement, 4 days after Paulson submits his plan.

McCain says he won't campaign until the issue is "resolved".

McCain cancels David Letterman show to "go to Washington and work on the bailout"

But he's meeting with Katie Couric instead. Letterman catches him doing it.

September 25, 2008

Mccain speaks at the Clinton global initiative.

Evening: McCain finally makes it to the white house for the meetings. According to some, he didn't say much.

This is what McCain and the House Republicans submitted - cut capital gains, less regulation of Wall Street market transactions.

September 26, 2008

McCain agrees to go to debate after all. Bailout bill negotiations still going on, unresolved.

September 27, 2008

McCain monitors bailout hearings from his office.

September 28, 2008

While senators and congressmen worked, McCain was at a 4 star restaurant.

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