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The financial meltdown will change many things in America, and we can start with campaign promises. You can say goodbye to universal health care, a cornerstone of Barack Obama's campaign strategy. Massive medical benefits are now impossible because the bailout will take all the money. Also, sayonara to John McCain's across-the-board tax cuts. The Democrats will likely control Congress again and, in the face of a $750 billion expenditure, there is little chance taxes will decline in any significant way. So, both candidates find themselves losing a major core issue because of the greedy, stupid mortgage scandal. Polls show that the folks are angry, as they should be. A Fox News survey puts President Bush's approval rating at 26%. Shortly after 9/11, the President had an approval rating of 88%, so you can clearly see how the once-mighty have fallen. Continue reading the full column...
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