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OPINION: McCain, Obama Muddled Bailout Message

 

The Bush administration and Congress this week continue to negotiate details of the proposed $700 billion bailout of bad debt from Wall Street banks. The bailout would be the largest ever of its kind and hamper any future administration with billions in debt.

The deficit could soar over $1 trillion, while the national debt could easily surpass the $10 trillion mark. Also, a bailout will likely take years to unwind.

Given the large implications of such a bailout on the future administration, why has neither presidential nominee tried harder to influence the debate in Congress? ...

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