Bail Out Agreement Reached, McCain's Stunt Crashes

Remember those negotiations over the proposed financial bailout that caused McCain to suspend his campaign? So he could help? Well, most everything got hammered out in a stunning bit of bipartisanship in Congress this afternoon. All that's left to do now is dot some I's and cross some T's in the legislative language, enter final negotiations with the Treasury Department, and get the President to sign it. No one expects any major drama to happen in these stages (edit: uh, unless House Republicans balk. Even still, it's not like McCain can claim a major leadership victory).

Both Obama and McCain will meet with President Bush this afternoon, but at this point there won't be much for them to actually decide.

With the legislative crisis adverted, McCain has no reason to keep his campaign in suspension, and unless he feels like making a giant fool of himself, there's little reason for the debate this Friday to be postponed (where John McCain will most likely make a giant fool of himself, oops, screwed if you do, screwed if you don't). Should have spent the time preparing, instead of pulling hasty stunts.

--Kyle Munzenrieder