In a somewhat surprising move, the House voted against the bailout bill. This has had severe consequences. First, it caused an additional fall on the stock market. Second, it harmed John McCain’s campaign. McCain had tried to use the economic situation as a boost, but this attempt backfired on him when his fellow Republicans lead the way to defeat the bill.
Now that the bill has stalled, the politicians and pundits are working to place the blame. Naturally, the Democrats and Republicans are accusing each other of playing politics and chastising each other for not being truly bipartisan. Of course, for one party to accuse the other of playing politics is like the pitcher accusing the batter of playing baseball. The accusation is true, but hardly an effective criticism.
Both parties are right to chastise each other for playing politics and not working together to solve the problem. Of course, that is the nature of politics. In fact, the righteous criticisms about the failure to be bipartisan are themselves calculated political moves designed to score political points. After all, they are delivered to the press and played to the public. That is simply politics as usual.
I suspect the bailout will eventually come through, but both parties are not done trying to milk it for political advantages.