'Lose/Lose' Vs. 'Extremely Positive'
Greg Valliere chief political strategist at Stanford Washington Research Group, called Bush's strategy a "pretty modest proposal."
"Diana [Olick] got it right" in her critique, Valliere said. "It's lose/lose for the president."
He said "right-wing ideologues" are angry that Bush "even hinted" at a bailout. Yet, the strategist believes, Bush also failed "to get ahead" of Democratic presidential candidates like Sen. Christopher Dodd and Sen. Hilary Clinton, who offered their own solutions to the mortgage loan mess.
Andrew Busch of BMO Capital Markets disagreed, pointing to the "extremely positive reaction" from the stock market: the Dow closed up 119.01 Friday.
"How long has it been since we've seen a president go on the air and the stock market go up after he was done?", Busch asked rhetorically.