News Today

Needless to say, when I read the headlines today that an agreement on the bailout had been reached (supposedly thanks to Nancy Pelosi) my mood turned a little bit sour. Both John McCain and Barack Obama seem to be reluctantly supportive of the bailout.

“This is something that all of us will swallow hard and go forward with,” said John McCain, “The option of doing nothing is simply not an acceptable option.”

Tucker Bounds, McCain’s top economic advisor, told Politico that it was “impossible to know until the vote has been announced” when asked whether or not McCain will be at the vote.

Hrmmm… and what does Obama think about the plan?

“It is an outrage — an outrage — that we are now being forced to clean up their mess,” said Obama at a rally in Detroit, “But we have to act. We have to act now. We have to act responsibly because now that we’re in this situation, your jobs, your life savings, your home, entire sectors of the economy, the stability of this nation, are at risk.”

French President Nicolas Sarkozy, normally a U.S. supporter, was speaking at a banquet with Wall Street financiers and had this to say:

“You cannot demand to lead and then say that you are not responsible when things do not work out. You cannot accept only the rewards and duck the bad consequences of your actions,” said Sarkozy.

Something tells me he wasn’t just directing those words at Wall Street.

The House is expected to vote on the bailout Monday, and the Senate would follow later in the week.