Crisis diverged; back to politics

With the Senate strongly backing the $700 billion economic bail out plan on Wednesday people are very hopeful for the House accepting the bill by Friday, that would "end the legislative uncertainty that has rocked the markets." Both candidates, with a little push from the two senate leaders, strongly supported the bill even though it was not popular with Americans.

Senator Harry Reid, Democrat of Nevada said, "supporting this legislation is the only way to make the best of a crisis and return out country to a path of economic stability, prosperity and growth. Although both candidates, Senator John McCain and Senator Obama did vote for the bill their was a clear sense of apprehension between both parties. Senator McCain did not comment on the legislation but Senator Obama did remark on the issue saying, "While that decline was devastating, the consequences of the credit crisis that caused it will be even worse if we do not act now."

In addition to the corrections that were made to the bill one of the more admirable and popular was a temporary increase in the amount of bank deposits covered by the Federal Deposit Insurance Corporation. It required insurers to treat mental health conditions as those of general health problems, this change was very supported throughout both parties.

As the senators gathered to vote on the economic bailout plan the two presidential candidates had a brief and uncomfortable encounter sparking rumors that there are ill feelings among the two candidates. As Senator Obama made his way to shake Senator McCain's hand, it was obvious that the tensions between the candidates were high, especially on the Republican side. Senator Obama made the effort to be courteous towards McCain but was greeted very nonchalantly by Senator McCain.

During this time both parties need to address one another in a respectful way to show no arrogance or ill feelings towards one another. The country is in turmoil and although the bail out plan seems to be a step forward there are still tough times ahead and the American people need to trust in these two presidential candidates to make smart and good decisions for the American people, showing ill feelings will only drive the country farther apart.

http://www.nytimes.com/2008/10/02/business/02bailout.html?hp
http://thecaucus.blogs.nytimes.com/2008/10/01/not-so-secret-handshake/
http://www.nytimes.com/2008/10/02/business/02crisis.html?hp