Political Discussions

Could a candidate flip flop on the bailout?

Posted by csiunatc • 9/30/08 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: bailout

Moved from the general forum.

The Bailout is catching more and more flak from informed parties. And its less than popular among the public.

Could one of the Candidates change position at this point, and go against it. Or would that be a sign of "weakness."

I know that I for one changed my mind as i got more and more information about this debacle. So I would welcome the candidate that pulled his support for it.

But is it at all possible to do? Or would the political game stand in the way of good decision if that was decided to be the better way?

User Comments

9/30/08

rfburnhertz

I doubt it would be advisable for them to do so at this point. They have both supported it so unless the bill changed in a major way (which it won't) they are stuck.

Stinks like socialism to me, McCain should have perhaps tread more carefully then he did.

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9/30/08

clioandme

You've prejudged the issue by using "flip flop" in your title.

[reply]
1. 9/30/08
  
  mickismorsels
  
  Maybe so, but you know that's exactly the term the political parties would use if someone withdrew his support for the issue.
2. 9/30/08
  
  csiunatc
  
  Thats just it Micki,
  
  There is no issue that a candidate isn't allowed to change their mind on. As soon as they do, they "flip flop".
  
  that term is one of the most dangerous ones out there. The tendency to see any chance in position as weakness means that decisions made with not so good information has to be stuck to.
  
  In this particular instance, I'd like to see the candidate with the guts to call it off. More information is surfacing everyday as to why this is a bad idea.
9/30/08

satijournal

The market is up 400 points today with no bailout in sight. What are they not telling us?

[reply]
1. 9/30/08
  
  csiunatc
  
  Sati,
  
  what they aren't saying is that although this is a major crisis. Many of the stocks that dipped yesterday aren't directly affected by investment banks to the extent that their innate value is dropping. The panic sale yesterday of those stocks made them bargains today.
2. 9/30/08
  
  satijournal
  
  If there's no money for loans, as they're saying will happen if the bailout doesn't happen, all industries would be affected.
3. 9/30/08
  
  csiunatc
  
  Absolutely, but those that have an strong cash position and available liquidity will not be affected as much as those that are using credit as a buffer.
4. 9/30/08
  
  polybore
  
  Even people with cash in the bank stand to loose it if their bank goes bust.
5. 9/30/08
  
  satijournal
  
  Banks are insured by the government. (FDIC)
9/30/08

Wisco

Personally, I don't have a real problem with policy reversals. It's hard to criticize someone who's on the wrong track for wising up. If someone has good reasoning and explains it thoughtfully, then I don't really see the problem.

It's the ones who pretend that they haven't flipped that I have a problem with.

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