It's the market.
Bush's bail-out plan gets shot down today; Pelosi delivers the most partisan speech she can, right before the vote, intentionally killing the bill.
Bush comes out immediately after, "very disappointed".
Less than 20 minutes later, Obama comes out saying he doesn't believe that the bail-out is dead yet.
The Dems roll-out their own bill tonight, and start debate on it tomorrow.
Obama will headline the drive to get it passed. It will pass on a party-line vote late tomorrow evening or more likely Wednesday morning.
The markets tanked today; nearly 10% down just today. They will not recover by the end of tomorrow. IRA, 401k, and investment account quarterly statements close at 4 p.m. tomorrow. They will be down, and greatly. Those statements ("the last statements under the Bush/Republican economic plan") will arrive between October 10 and October 15; less than one month, likely less than 3 weeks prior to the election, and just about exactly coinciding with the next POTUS debate (on the economy, btw).
The market will rally Wednesday after the Obama bill passes.
The attitude will be that the Republicans/Bush/McCain caused this, and couldn't do anything about it; Obama can and did.
McCain can't recover from this one, I fear.
Costing the American people millions, creating fear, and intentionally tanking the market, all to win the election. Helluva portence for an Obama presidency.
