First Presidential Debate or Not?

The last 2 months of a Presidential Campaign usually are very fluid with activity providing daily change and stories, but today has been like diarrhea.

How serious is the current financial situation in the US? Serious enough that something needs to be done in the next few days to prevent a confidence problem that could have some serious impact on financial markets, liquidity, foreign investment, currency rates, etc. (Having an Economics degree helps figure out at least what fields we are playing in).

What would happen if nothing is done? I really don't want to think too much about that. Nasty.

Will something get done? Yes.

Will it be correct?
Will it be enough?
What will the long term effects be?
How will it effect the average US citizen? Now we are asking the right questions.

How will John McCain and Barack Obama suspending their campaigns and being part of the negotiations in Congress help them reach an agreement? Unlikely to help, could possibly hurt, will definitely make it an even bigger media circus.

Reality - John McCain and Barack Obama are 2 of 100 US Senators and have no higher level authority than that. Neither would be playing a major role in this situation based on their Financial and Economics background if they were not running for President. The only thing they can contribute to the negotiation is politics. I would prefer if neither one has anything to do with the negotiation. There are 98 other senators and upwards of 435 Representatives who along with their staffs are more than enough people to be working on this. They all realize how important it is and having the 2 Presidential Campaigns injected into the fray won't improve the chances of coming to a workable solution.

I have no idea why John McCain is suspending campaigning and saying he won't debate Friday if there is no resolution yet. I know how it looks. I have no idea if he really believes it will help.

Listen to these press conferences from today yourself: