Obama/McCain on AIG bailout

In our local paper on Friday, September 19 I read some interesting information on the candidates partial response to the turbulent financial week.

John McCain was reported to have made these four observations. (These are not exact quotes.)

1.  He believes in the strength of the American economy.

2.  He would not bail out AIG

3.  A day later, he would bail out AIG

4.  He would fire the chairman of the Securities and Exchange Commission.

The paper that I read said that Obama would not second guess the government’s decision to bail out AIG.

This is what these responses say to me about the candidates. 

McCain believes in the American economy and that generally government involvement is not the first, or best option. 

He is not afraid to speak his mind.

Nor is he afraid to change his mind if a convincing case is made.

He will hold people accountable.

I think that these are good leadership traits.

 

Regarding the response of Obama as reported in the article that I read, since when is Obama afraid to second guess the government?  What his statement said to me is that he doesn’t know what the best answer is, and he is unwilling to commit to what may ultimately be a wrong response.   It seems that in this case, he is content to follow, rather than lead.

Is that what we are looking for in a president?

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6 Responses to “Obama/McCain on AIG bailout”

  1. Gloria Says:

    Maybe Obama didn’t want to be quoted as committing to something that would turn out to be the wrong something??

  2. cgirod Says:

    That is pretty much what I was thinking.

  3. christianliberal Says:

    Well, for 30 years, McCain called himself “a deregulater” and now SUDDENLY, when the chickens come home to roost, he changes his mind. I don’t buy it.
    McCain’s chief financial adviser is Phil Gramm, the architect of the bill that deregulated the financial industry.

    Look up the Gramm-Leach-Bliley Act.
    http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

  4. Cherie Bell Says:

    It’s always interesting to me to see how people interpret the reported actions of policitians. My mom and I (who don’t usually agree on much political) can have access to exactly the same information in the news and come to polar opposite opinions on what that “news” means.

    She says she’s writing in Hillary.

    Some might read the article you mention and conclude that that McCain is wishy washy…

    And others might not decide that Obama is saying that he never second guesses the government based on his statement that he’s not second guessing on the AIG issue.

    For myself? I gotta admit that I don’t have a lot of confidence in either one of our candidates having the qualifications or resources to lead the country out of the economic mess we’re in right now. I mean, just what is it exactly that McCain has confidence in?

    That’s a question I’d like to hear him answer…since he admitted early on to not really understanding American economics very well. Rather than who he would “fire” as SEC, I’d like to hear who he would be looking to “hire.”

    I’m digressing…

    Back to my original point…

    I think so many times w/politics, we form our opinions, maybe even choose our candidate, and then interpret the “facts” to support what we’ve already decided…

    That’s why voting is such a huge responsibility…sometimes it almost seems like a burden as well as an enormous privilege…because, if we do it right, it forces us to think and re-think not only our own values, but our personal fact-filtering systems by which we judge what is true (or at least fair).

    ps You probably already know this, but even the president can’t fire the SEC. But if we’re holding people responsible? You know where the buck stops…

    Where’s Harry Truman when we need him?

  5. cgirod Says:

    Cherie,

    Thank you so much for your comments. My initial decision on who I would vote for was determined by a listing of the canidates positions on a variety of issues facing our country, that was published in the local paper months ago. I agreed more with McCain than Obama, for me it was that simple.

  6. cgirod Says:

    christianliberal, thank you for your thoughts, actually, I am not sure that I don’t agree more with McCains initial response which was to not bail them out. Let the market correct itself. When a business fails, doesn’t another business, that is better run, usually snatch up the marketshare?

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