Important observation from http://electoral-vote.com/

The NY Times has an analytic article on this politics of the proposed Wall Street bailout. The view is that Republican members of Congress know very well that throwing $700 billion at Wall St. in a big hurry with no oversight is not popular with the voters. On the other hand, they don't want to buck their own President who still has a modicum of popularity with the the Republican rank and file. They are hoping McCain can bail them out. Democrats don't want to be seen as obstructionists, but they also see the bailout for what it really is: a ploy to spend so much money that a future President Obama's hands would be tied for lack of money. In effect this move is Bush's attempt to "rule from the grave" by severely constraining what the next President can do. Oddly, it might constrain McCain more than Bush since he has spending plans, too. Obama could propose a massive tax increase for the rich claiming Bush's folly forced him to do it. When you read that this "crisis" is about economics, don't believe a word of it. It is 100% politics, pure and simple. Yes, something needs to be done, but if the markets know that Congress is working on it, they will wait a few weeks before dissolving in a puddle.