Wall Street's Panic

BY HUGH HEWITT

With new shudders striking Wall Street on a weekly basis, the case for calm, experienced leadership in the White House grows. As the fall out from the mortgage crisis rolls through big name institution after big name institution, the conviction grows that Bush Treasury Secretary Henry Paulson has been exactly the seasoned hand needed at this time. The orderly shut down of struggling banks means a lot of economic pain, but no panic, and the value of experience here is enormous.

Voters have to wonder what a panicky, inexperienced Barack Obama would have meant these past six months. John McCain has responded with a steady, calm demeanor which previews exactly how he will lead in the White House.

September headlines don't usually mean votes in November, but the economic uncertainty is clearly underscoring John McCain's advantages in the race for the Oval Office.