Originally posted by kmax87To say that America already has a President might be pushing it a bit -- but I agree with you other than that. 😛
From the thread I just started :- Pwoark! Pwoark! McCain Chicken!
Rather than expose his ineptitude at understanding the ramifications of this current financial crises, and have his dithering on whether he gets it or not on permanent record, John Chicken McCain is turning tail and running for cover, to hide behind "helping" the country via the Congr ...[text shortened]... to bluster and assume a role that your current President already should be doing.
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Originally posted by NemesioSo tell me this Nemesio, how can you have a "capitalistic" system with liberal government creations such as Freddie Mac and Fannie Mae? Thanks to FDR, these beasts were unleashed in the 30's via a socialistic vision. Combined these two owned or guaranteed about half of the US's $12 trillion of the mortgage market. Unfortunately, even though they were government creations they had no governmental oversight which is typical of liberal socialist policies. Then you get Jimmy Carter in the mix by creating the CRA legislation that forced banks to lend to high risk low income individuals against the banks better judgment. Then if this were not bad enough in comes Clinton with the Republican Congress with the Financial Services Modernization Act of 1999 which did away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933 and what you wound up with was a ticking time bomb. You create a mess like this and then you deregulate it and walk away wondering what went wrong?
So I would be correct in saying that you would rather become socialist than slip into a depression
driven by the particular capitalistic market forces at work, right?
Nemesio
For me, this recent bail out is simply government cleaning up its OWN mess if you ask me. Blame the corporate world all you want. In addition, I differ from many of my conservative friends in that I believe certain regulations and/or checks and balances are needed in the corporate world just like they are in government. However, for the government to step in and create businesses and then just walk away and for the government to step in and tell businesses how to do their business against their better judgment just crosses the line for me and we are paying for it today.
Originally posted by NemesioI think being the front running Republican candidate for President gives him sway among his Congressional peers.
So, you genuinely think that McCain's full-time presence manifestly contributes to the progress
made in the discussion about economic bailouts even though he's had no substantial involvement
with such economic discussions in the past and doesn't demonstrate a particularly insightful viewpoint
on economics in general (cf. his 'refund' for gasoline relief idea)?
Nemesio
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Originally posted by epiphinehasI wonder why Hillary was then quoted as saying that McCain would be a better leader in a time of crisis than Obama? In fact, he plays this on his commercials from time to time and you have to admit, it is pretty funny.
[b]McCain is no leader. He can't even keep a coherent message over the span of a few hours! Goodness gracious.
Originally posted by epiphinehasI recognize that there is a dimension to all this that can and is being politicized. However, I also believe McCain is concerned with the current crisis. Having said that, we can speculate all day as to which motive overrides the other.
Regardless, the Democrats already have enough votes to pass the bailout legislation without John McCain's input. Suspending his campaign was a pointless venture; yet another over-reaction to a crisis.
If the situation was so urgent that McCain felt he needed to suspend his campaign 40 days before the election, then why did he schedule an interview las ...[text shortened]... ace the music. John McCain's is no leader. A good leader is someone with principles.[/b]
Now as for his dealings with Couric and Letterman, do you not realize that both of these individuals are liberal zealots? Therefore, I reserve the right to judge McCain based upon their liberal biased blabberings.
Originally posted by whodeyIt's funny that the financial industry didn't collapse in the 1930's or in the 70's or in the 90's. You can keep spouting right wing talking points all you want, but the industry that is failing and looking for a $700 billion handout is completely privately owned. The government did not make them create mortgage backed securities in the last few years and then sell and buy massive amounts of them even when the foreclosure rates began to rise because of the weak economy. That was their own choice.
So tell me this Nemesio, how can you have a "capitalistic" system with liberal government creations such as Freddie Mac and Fannie Mae? Thanks to FDR, these beasts were unleashed in the 30's via a socialistic vision. Combined these two owned or guaranteed about half of the US's $12 trillion of the mortgage market. Unfortunately, even though they were gover ...[text shortened]... s against their better judgment just crosses the line for me and we are paying for it today.
I find it hilarious that in one thread you scream about taxation to benefit the poorest keep a roof over their heads or some food on the table as being some sort of theft, but in other threads you aggressively support taxes to bail out the super rich from their bad investment decisions! You are one of the most inconsistent, intellectually confused dunces I've ever come across (and that's saying something).
For those who have brought into the Bush Administration line that time is of the utter essence there was this little tidbit in yesterday's Wall Street Journal:
At the Senate hearing, Democrats and Republicans repeatedly sought details on how the $700 billion in mortgage assets would be purchased. Messrs. Paulson and Bernanke made pleas for flexibility so they could design a process in the coming weeks using outside experts.
http://wsj.com/article/SB122217048963566935.html
So whether a bill is passed or not it will take at least weeks and probably far longer before a mechanism is even set up to buy the mortgage backed securities. What then is the rush? Congress' response should be "Get your outside experts together and come up with a detailed proposal on how you intend to spend $700 billion of the taxpayers' money". Then, if the parties were really interested in taking partisan politics out of it, they'd wait until after the November elections and reconvene Congress to deal with a specific proposal rather than the vague blank check the administration wants to give Paulson, who was sleeping at the helm when the whole "crisis" occurred.
Originally posted by whodeyIt's hard to imagine how the debate, especially during an economic crisis, could help McCain. If he can duck the debate while scoring points with some voters, he should.
Even though he may loose in the polls for supporting a bail out of some kind and even though he may miss a debate with Obama as a result, which probably will cost him the election, he is doing what he perceives is what the country needs him to do, which is to promote a solution within his own party. Now that is leadership.
But, let's be clear on this point: McCain did not suspend his campaign for President. He put his personal campaigning on hold. His campaign is still going forth--commercials are running, sound-bites are circulating and new ones conjured, hopes are inspired that McCain will be sworn in at high noon on January 20.
McCain has given us another sound bite that does not mean what the words denote.
Originally posted by no1marauderAnd I find it sad that you do not heed the warnings that something needs to be done in order to prevent economic collapse. Either that or you should plan on giving Congressional testimony for us to defend the position that NOTHING should be done?
I find it hilarious that in one thread you scream about taxation to benefit the poorest keep a roof over their heads or some food on the table as being some sort of theft, but in other threads you aggressively support taxes to bail out the super rich from their bad investment decisions! You are one of the most inconsistent, intellectually confused dunces I've ever come across (and that's saying something).[/b]
Edit: See ya in the soup lines.
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Originally posted by no1marauderWell the answer is obvious. It's all "W"'s fault. In fact, we should look to the Democrats for their continued leadership concerning these matters. I'm just sleep better at night knowing that they are a heart beat away from capturing both the Congress and Presidency as well as to soon appoint their liberal cronies to the Supreme Court. I think that having complete control of all three branches of government for such saintly and intelligent people is our only hope. What we need is their absolute control over our lives and nothing short of this is acceptable!!
[b]It's funny that the financial industry didn't collapse in the 1930's or in the 70's or in the 90's. You can keep spouting right wing talking points all you want, but the industry that is failing and looking for a $700 billion handout is completely privately owned. The government did not make them create mortgage backed securities in the last few years an ...[text shortened]... hen the foreclosure rates began to rise because of the weak economy. That was their own choice.
Damn those evil and incompetent Republicans!!! 😠It's like my pappy used to tell me, "The only good Republican is a dead Republican." I know, how about outlawing the Republican party altogether.
Thanks for showing me the light my Obamic crony.
Originally posted by NemesioThat and the fact that he is somewhat of a powerful Senator in Washington much like Kennedy used to be.
I'm guessing that's a yes, huh? And I'm guessing that your justification for that is simply on
the basis of his title of 'Republican Nominee,' right?
Nemesio
Originally posted by whodeyWe can only hope that the campaign is suspended indefinitely and that this is, in fact, the end of the McCain-Palin Story.
Let me put in another way, if I were in his position and I believed what he says he believes then I would do the EXACT same thing which is ANYTHING I could to remedy the situation even if it got me no where. End of story.
What a relief.
Thursday the 18th - The upcoming Bailout plan is first floated by the press. The figure mentioned is “half a billion dollars.”
Saturday the 20th - The text of the proposed bill is posted on the Internet, 3 pages read by millions of ordinary people.
Tuesday the 23rd - 3 days later, McCain says he has no opinion on it and has not read it!”I have not had a chance to see it in writing. I have to examine it.”
http://www.wkyc.com/news/local/news_article.aspx?storyi d=97180&catid=45
Wednesday the 24th - One day after that, McCain feels he is so important to solving the problem that he must “suspend his campaign” and cancel the debate to go to DC. He doesn’t want politics to interfere with what’s important. He cancels his Letterman appearance and heads right to do an interview with Katie Couric.
Nice try.