Kathryn, I wouldn’t say so. The consensus yesterday (well expressed here) seemed to be that a bailout couldn’t pass if McCain wasn’t on board. The Democrats would fear a trap, and Republicans would lack cover. Yesterday’s signal from McCain was loud and clear: it drove the Democrats to move quickly (so something could be hatched by the time of the White House meeting and McCain would not get credit too explicitly) and it will probably get most (surely not all) Republicans to agree. Obama, though, has been essentially irrelevant. That’s not entirely his fault, the dynamics of the week just meant that McCain’s view was more important, but he hasn’t helped himself by saying he would play a part only if the congressional leaders asked him to.

About the Author
Yuval Levin is the director of social, cultural, and constitutional studies at the American Enterprise Institute and the editor of National Affairs. His most recent book is American Covenant: How the Constitution Unified Our Nation -- and Could Again.
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