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Former McCain Adviser Admits Bailout Support a Strategic Blunder
businessandmedia.org ^ | November 20, 2008 | Jeff Poor

Posted on 11/20/2008 6:44:58 AM PST by Rufus2007

As it turns out, swaying from conservative principles doesn’t always pay off for a Republican presidential candidate. Sen. John McCain learned that lesson that hard way.

Douglas Holtz-Eakin, a senior policy adviser to McCain’s failed campaign, said Nov. 19 that McCain’s support for the $700 billion bailout of the financial sector was the “key strategic blunder of the entire campaign.”

“We also make mistakes,” Holtz-Eakin told a group of conservatives at The Heritage Foundation in Washington, D.C. “There’s no doubt about it--20/20 hindsight. I think the key strategic policy error of the entire campaign, that is mine, is believing that the bailout bill would help.”

...more (w/audio)...

(Excerpt) Read more at businessandmedia.org ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bailout; election; holtzeakin; marines; mccain; mccaintruthfile; moneylist
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Moral of the story - don't betray your conservative instincts.
1 posted on 11/20/2008 6:45:00 AM PST by Rufus2007
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To: Rufus2007

Ha... ‘Dance with the one that brung ya...’


2 posted on 11/20/2008 6:46:51 AM PST by SMARTY ("Stay together, pay the soldiers and forget everything else" Lucius Septimus Severus)
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To: Rufus2007

Other Moral of the story - McCain doesn’t have any conservative instincts.


3 posted on 11/20/2008 6:47:10 AM PST by Yo-Yo
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To: Rufus2007
I think had John McCain suspended his campaign and returned to Washington to announce his opposition to the bailout, we would be looking forward to his inauguration in January.
4 posted on 11/20/2008 6:47:13 AM PST by Eric in the Ozarks
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To: Rufus2007

McCain’s support for the $700 billion bailout of the financial sector was the “key strategic blunder of the entire campaign.”


DUH!


5 posted on 11/20/2008 6:47:40 AM PST by Canedawg (The media is a ass, a idiot.," said Mr. Bumble.)
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Comment #6 Removed by Moderator

To: Rufus2007
"Former McCain Adviser Admits Bailout Support a Strategic Blunder"


7 posted on 11/20/2008 6:48:13 AM PST by Enterprise (No Oil for Democrats!)
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To: Rufus2007

McCain simply looked foolish when he suspended the campaign, flew to Washington, and accomplished...nothing.


8 posted on 11/20/2008 6:48:23 AM PST by Sans-Culotte
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To: Rufus2007

I agree that it was.

But this story is a bit odd in making bailout support/non-support to be a *political* move rather than just operating out of conviction.

The thing should have been opposed on principle, and not as a political calculation.


9 posted on 11/20/2008 6:48:27 AM PST by Claud
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To: Rufus2007
But, but, but...I thought it was Palin's fault he lost...

/sarc

10 posted on 11/20/2008 6:48:32 AM PST by NativeNewYorker (Freepin' Jew Boy)
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To: Rufus2007

Was Sarah for the bailout herself??


11 posted on 11/20/2008 6:48:45 AM PST by Ann Archy (Abortion.....The Human Sacrifinish attitude.e to the god of Convenience.)
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To: Rufus2007

With advisors like this, who needs political enemies?


12 posted on 11/20/2008 6:48:52 AM PST by anniegetyourgun
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To: Rufus2007

Finally. This may be the single issue that ruined McAmnesty’s chances.

In some ways, this is good. It proved that all this “Bipartisanship” we were swallowing doesn’t work, as Reagan so eloquently proved.

Reaganism is alive and well my fellow Freepers.


13 posted on 11/20/2008 6:49:17 AM PST by prismsinc (AIP works for ME!!!!)
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To: Rufus2007

It was a missed opportunity to catch Obama as backing the wrong side of the crisis. The public was against the bailout and I am sure that many conservatives stayed home for this reason above all.


14 posted on 11/20/2008 6:50:13 AM PST by beagleone
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To: Eric in the Ozarks

“I think had John McCain suspended his campaign and returned to Washington to announce his opposition to the bailout, we would be looking forward to his inauguration in January.”

I wouldn’t go so far as to say “looking forward to” but it is safe to say there would be slightly less dread involved with the arrival of inauguration day.....


15 posted on 11/20/2008 6:50:46 AM PST by RFEngineer
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To: Rufus2007

The combination of voting for it, stopping the campaign to work on it, not having any coherent message AT ALLon the economic collapse, and during the bailout debate having no significant role, no major press conference, no ratting out of the recipients of pork in the bill, and no message during the first debate on the economic crisis is what led to the loss.

He simply let Obama run all over him on this issue and never did anything to regain his footing on the most important issue to voters. I thought the ‘spread the wealth’ gave him an opening, but they never extrapolated on that concept to explain to the American people how that idea is a failed idea is would affect the voters that pay taxes. They should have had commercials adding up all the new taxes: reversal of the Bush cuts, increased FICA, increased health costs, increased carbon credits, increased cost of energy, etc.


16 posted on 11/20/2008 6:51:06 AM PST by ilgipper
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To: Rufus2007; P-Marlowe
Douglas Holtz-Eakin, a senior policy adviser to McCain’s failed campaign, said Nov. 19 that McCain’s support for the $700 billion bailout of the financial sector was the “key strategic blunder of the entire campaign.”

How come so many of the "amateur" advisers here knew it at the time and said so and the "professional" advisers couldn't figure it out. What the heck is it that you folks in DC are drinking?

17 posted on 11/20/2008 6:51:06 AM PST by wmfights (Elections have Consequences!)
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To: Rufus2007

The first mistake he made was needing advisors to tell him what the “right” thing to do is.


18 posted on 11/20/2008 6:51:34 AM PST by cripplecreek (The poor bastards have us surrounded.)
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To: Rufus2007

YA THINK?!?!


19 posted on 11/20/2008 6:52:09 AM PST by Sloth (What's the difference between taxation and armed robbery, aside from who's doing it?)
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Photobucket

Second!

20 posted on 11/20/2008 6:52:21 AM PST by niteowl77 (America's chickens**ts have come home to roost... in Washington.)
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To: Ann Archy

I would say that Sarah was NOT for the bailout; in fact she said it early on as I recall. However, being the #2 on the ticket she had to tow the McCain line on things that didn’t totally sit well with her.


21 posted on 11/20/2008 6:52:29 AM PST by spacejunkie
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To: Rufus2007
Douglas Holtz-Eakin, a senior policy adviser to McCain’s failed campaign....

I think I see part of the problem here.

22 posted on 11/20/2008 6:53:46 AM PST by Lancey Howard
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To: Rufus2007

yeah it was a big blunder.... but there was so much
un-conservative about McQueeg as to make this one blunder just part of the larger blunder of having him as the republican nominee.

He got the 48% of the plurality, thanks to Sarah Palin and no thanks to him.


23 posted on 11/20/2008 6:54:19 AM PST by Vaquero ("an armed society is a polite society" Robert A. Heinlein)
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To: ilgipper

I am of the opinion that McCain would’ve gotten steamrolled either way. If he announced his opposition to the bailout, the press would’ve simply run with the standard “Republicans Starve Babies.”


24 posted on 11/20/2008 6:54:19 AM PST by 1rudeboy
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To: Rufus2007

“Vanna, I’d like to buy a clue for $100.00 . . . OK, the word is FAIL?” Juan McCain


25 posted on 11/20/2008 6:55:14 AM PST by tumblindice (In this school of war called life...)
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To: Eric in the Ozarks

Totally agree. Even Dick Morris said McCain would have been 10 points ahead of Obama if McCain had said not just “No” but “Hell No”!


26 posted on 11/20/2008 6:55:17 AM PST by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: Rufus2007

Sad that something this big is looked at as “strategic”. Gone are the days when leaders fought for what they believed in. McCain claimed to be a “fighter”, but I guess that was just the strategic thing to say.


27 posted on 11/20/2008 6:55:28 AM PST by mmichaels1970
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To: RFEngineer

If you have stared into the face of bankruptcy or losing a nasty lawsuit, only to step back from the precipice, you know the difference.


28 posted on 11/20/2008 6:55:46 AM PST by Eric in the Ozarks
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To: ilgipper

Let’s not forget, too, that when the meltdown was happening, McLame took a swipe at ONE person. Was it Barney Frank? no. Was it Chris Dodd? No...was it ANY of the “advisors” to Obummer that lined their pockets at FM/FM? no

It was a republican....Chris Cox, head of the SEC.

McLame sux. Thank God he didn’t win. Now we can REALLY get back to conservative principles and PICK conservatives to lead our party. And we all better scream like girls if we see one RINO being touted as the ‘best choice’. Ya hear??


29 posted on 11/20/2008 6:56:16 AM PST by spacejunkie
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To: Rufus2007

Mccain is not a conservative. The lesson is don’t be McCain the Senator when you can be McCain the candidate.


30 posted on 11/20/2008 6:57:15 AM PST by omega4179 (Obama recession ends 1-20-13)
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To: Sans-Culotte

Gee, the little fat guy who appears on FOX as a guest thought it was a stroke of genius.


31 posted on 11/20/2008 6:57:19 AM PST by boxer21
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To: Rufus2007

Either you are a conservative or you are not. Why did making a decision on whether to support the bailout require a “strategic decision?” If McCain was a true conservative he would have found the whole concept of the bailout repulsive and the decision would have required no strategic plannin. So much for “Country First,” eh Mac?


32 posted on 11/20/2008 6:57:46 AM PST by KansasGirl
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To: Rufus2007
Moral of the story - don't betray your conservative instincts.

You have to have conservative instincts before you can betray them.

33 posted on 11/20/2008 6:58:15 AM PST by TADSLOS (McCain Courted Socialism and Brought Us Marxism Instead)
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To: Ann Archy

Was Sarah for the bailout herself??

yes


34 posted on 11/20/2008 7:02:53 AM PST by ari-freedom (So this is how Liberty dies... with thunderous applause)
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To: Rufus2007

Yep, what chance McCain had was pissed away when he waved OK at the bailout bill. Those Republicans who trusted their conservative instincts did fine in the election.


35 posted on 11/20/2008 7:03:40 AM PST by AU72
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To: Incorrigible

Opposing the bailout would have also killed the McCain = Bush narrative since the media tagged it as the Bush/Paulson Bailout.


36 posted on 11/20/2008 7:04:12 AM PST by KansasGirl
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To: Eric in the Ozarks

Ain’t it the truth...

Instead:

“If anyone is ever in a comparable position before us, take the time or again in the future, take the time to step back and ask, ‘Is this a good policy move? Will it really help?’ he said...

The McCain camp allowed itself to be HAD in a big way. Literally aligning with the MSM and the DNC talking points on this issue - along with recklessly buying into a gargantuan dose of typical Liberal hysteria – This sucked McCain/Palin right into the Obama whirlwind and made McCain indistinguishable from the Bush to a lot of voters who were still trying very hard to MAKE that distinction for themselves.

Obama had bought into the ‘Buyout’ hysteria and so McCain- perceived as the underdog, anyway- started looking and sounding just like the opposition … NOT a good idea!!!

McCain gave up the moral high ground … and for absolutely NOTHING! I did not understand it at all... McCain spent his entire campaign trying to put as much distance as possible between himself and the Bush administration… then turned around and backed the bailout to his own immediate and permanent detriment.


37 posted on 11/20/2008 7:07:30 AM PST by SMARTY ("Stay together, pay the soldiers and forget everything else" Lucius Septimus Severus)
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To: Rufus2007
I could have told him that weeks ago

Wednesday, November 05, 2008 8:09:35 AM · 46 of 57
edzo4 to beebuster2000

McCain lost 6 weeks ago when at the start of the housing crisis he rushed back to Washington, refused to hammer the democrats for Fannie mae and subprime loans
told the people he was against pork barrels spending and concerned about giving $700 billion of the taxpayers money to paulson, then turned around and voted for the $850 billion dollar bailout, he had the chance to prove he was a maverick and he let it slip away

freerepublic should have run the mccain campaign we knew months before the election what they are figuring out a month after the election

http://www.freerepublic.com/focus/f-news/2099634/posts

38 posted on 11/20/2008 7:21:08 AM PST by edzo4 (NoBama 2012)
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To: Rufus2007

mcstupid finally figures it out.


39 posted on 11/20/2008 7:22:39 AM PST by ken21 (people die and you never hear from them again.)
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To: Rufus2007

Where is the “Captain Obvious” graphic when we need it!!?


40 posted on 11/20/2008 7:23:05 AM PST by AmericanInTokyo (Before taking on Obama, Job #1 is we MUST embark on a campaign to PURGE the GOP leadership of RINOS!)
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To: Rufus2007

No, it was the key tactical blunder.
The key strategic blunder was relying on the media to not twist every event into a pro-Obama narrative.
To a large extent McCain was a creation of the media.


41 posted on 11/20/2008 7:23:05 AM PST by mrsmith
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To: Rufus2007

“Former McCain Adviser Admits Bailout Support a Strategic Blunder”
**********************

NSDT!


42 posted on 11/20/2008 7:24:16 AM PST by gunnyg
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To: Rufus2007

He had too many lobbyists on his campaign...if he didn’t have any lobbyists and was truly looking to reform this decision would have been obvious.

He deserved to lose after that incredibly stupid move. I am suspending my campaign to go back to Wershington to fix this...

UNBELIEVABLE!!!


43 posted on 11/20/2008 7:25:15 AM PST by surfer
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To: Rufus2007
We elected to go do something about it. It didn’t pay off as a campaign largely because getting that bill through was not helpful.”

The jist of the article isn't that support for the bailout was a mistake because it was wrong for America ... but that support for the bailout was a mistake because it didn't help the campaign ...

Country First® ... what a crock.

44 posted on 11/20/2008 7:26:53 AM PST by tx_eggman ("The urge to save humanity is almost always a false front for the urge to rule" - Mencken)
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To: Eric in the Ozarks

Ain’t it the truth...

Instead:

“If anyone is ever in a comparable position before us, take the time or again in the future, take the time to step back and ask, ‘Is this a good policy move? Will it really help?’ he said...

The McCain camp allowed itself to be HAD in a big way. Literally aligning with the MSM and the DNC talking points on this issue - along with recklessly buying into a gargantuan dose of typical Liberal hysteria – This sucked McCain/Palin right into the Obama whirlwind and made McCain indistinguishable from the Bush to a lot of voters who were still trying very hard to MAKE that distinction for themselves.

Obama had bought into the ‘Buyout’ hysteria and so McCain- perceived as the underdog, anyway- started looking and sounding just like the opposition … NOT a good idea!!!

McCain gave up the moral high ground … and for absolutely NOTHING! I did not understand it at all... McCain spent his entire campaign trying to put as much distance as possible between himself and the Bush administration… then turned around and backed the bailout to his own immediate and permanent detriment.


45 posted on 11/20/2008 7:27:19 AM PST by SMARTY ("Stay together, pay the soldiers and forget everything else" Lucius Septimus Severus)
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To: edzo4; All

as days pass It seems McCain ran to loose..a fix was in
he crossed the aisle so many times that in the end he
was on the other side for his own campaign..waiting to see what gets thrown his way in the next 4 years..
Benedict Arnold and McCain could be the same person.


46 posted on 11/20/2008 7:29:02 AM PST by shadowgovernment (From the Ashes of a Republican rout will raise a Conservative Party)
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To: Rufus2007
There’s no doubt about it--20/20 hindsight.

Really? Polls showed that 85+% of the population were vehemently against the bailout (which means that liberals, moderates, and conservatives alike all agreed on this issue), and you rocket scientists somehow came to the conclusion you did?

McCain really did run a crappy campaign with crappy people. It was obvious during the campaign, but was confirmed first with the post-campaign Palin sniper attacks and now this.

47 posted on 11/20/2008 7:29:17 AM PST by randog (What the...?!)
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To: Eric in the Ozarks

McCain proved himself to be untrustworthy. Campaigning on stump, and as part of his convention speech, he repeated over and over that when he is President he would veto any bill coming to his desk with earmarks. He would make the porkers famous...we would know their names! Then he pranced in to Washington and voted for a bailout bill laden with $150 billion of pork!! AAAGHHH!!! I was completely disgusted and still voted for him. I can see why many voters, not knowing the truth about Obama thanks to the MSM, would not have.


48 posted on 11/20/2008 7:30:48 AM PST by KansasGirl
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To: beagleone

You are correct. People need someone to pull for, not against. It’s hard to pull for political candidates that are the same. Political candidates are products - like soda, dishwashing soap, etc. Some are good, some are not. People do want to choose between the two. If the product appears the same, they will go with the packaging - what looks good, looks cool.


49 posted on 11/20/2008 7:31:25 AM PST by 7thson (I've got a seat at the big conference table! I'm gonna paint my logo on it!)
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To: ari-freedom; Ann Archy
Was Sarah for the bailout herself?? yes

In all fairness, I heard Sarah Palin on the stump in Ohio and she slammed the bailout as "straying from our American principles." My husband and I were surprised she strayed from the McCain line, but she may have done it because she was alone.

50 posted on 11/20/2008 7:33:19 AM PST by AmericanGirlRising (The cow is in the ditch. We know how it got there. Now help me get it out!)
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