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John Cronin

Report: McCain Suspends Campaign, Turns Attention to Financial Crisis

September 24th, 2008 | 13 Comments | Posted in Business, John McCain, wall street

Drudge reports that McCain has suspended his campaign in order to devote more time to the bailout plan. One headline I just saw ( haven’t read the article ) said only 4 Republicans have signed on to support the bill that Congress is working on.

I hope for the countries’ sake that this is not a publicity stunt and a ruse to look “Presidential.” If any politician plays fast and loose with the public in a time of unprecedented financial danger, he will be swept away in November.

I don’t envy the nominees of either party at this critical juncture. To try to get your arms around a plan as massive as the one proposed by Sec’y Paulson and Fed chief Bernanke has got to be a daunting challenge, even if you had adequate time to consider all the details and make the decision to either rally behind the plan as proposed or do your best to change it.

Keep these men in your prayers, that they may be guided by Divine Providence as they attempt to restore confidence in the nation’s banking system.

~~John Cronin~~

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