Ed Rollins says last week wasn't good for the candidates, the president or Congress.

NEW YORK (CNN) -- Wow what a week!

"John McCain is a big gambler according to a lengthy story in Sunday's New York Times. And certainly a roll of the dice is the best way to describe the last week. Congress is betting billions of our tax dollars that Wall Street -- which lost much of its own and its investors' money in bad bets -- will do better with the government's money.

"Our "Swaggerer in Chief," President Bush, who has strutted from crisis to crisis with utmost arrogance for two long terms, sheepishly arrived on primetime television to scare the daylights out of the very people he should be reassuring. I have never heard a president give a less reassuring speech.

"It was definitely a "Chicken Little," the-sky-is-falling performance with no explanation of why taxpayers must mortgage their kids' futures to pay for this latest crisis to occur on his watch.

"It's amazing there wasn't a run on the banks in every little town in America the next day. I guess the president felt if "fear tactics" worked to get and keep us in Iraq, maybe they could help this raid on the Treasury to go forward without a single public hearing on the substance of the bill."