McCain's Convention Bounce Essentially Gone

[Kasz216]

akuma587 said:

Kasz216 said:

akuma587 said:

Shhhhh, don't tell that to the people (or McCain) who claim that Obama had something to do with bailing out Fannie Mae and Freddie Mac.  Take your facts and leave!

 

That bit he's talking about was during the 2008 cycle.

The actual point was that Obama got more money then everyone but Dodd when everything was going bad.  Which is the truth.

That and the fact that the were basically using lobbiests and stuff to make it look like McCain got more money... when Lobbyiests represent different companies.

McCain's stance on stopping Freddie and Fannie is well documeneted in the bills he proposed.  He tried in 2005 and had his plan tabled.

To me it isn't even that relevant how much either one of them received.  Its inconceivable that one senator, a relatively junior senator at that, could have a direct influence over championing the bailout of Fannie Mae and Freddie Mac.  Many independent financial analysts were predicting that was what the government would do because the results would be catastrophic otherwise and some economists wanted them to do it as well.

The government has a record of doing this too when a business that is "too big to fail" is about to go under, like Chrysler quite a few years back.

Its a very tenuous accusation that either one of them had a significant influence on the decision, which was probably as much of an executive branch decision as a congressional one in addition to the treasury's concerns.

So even if both received money, or if one received more, it is pretty ludicrous to think that either one of them could orchestrate something this big on their own.

Nah, it's more that a lot of senators were paid to let this happen.  People knew it was going to happen.  John McCain himself tried to pass laws to stop it.

People who did nothing to stop it are responsible for it.  Whether Obama did or not i'm not sure.  If he proposed a law to attempt to stop it i'd be interested in seeing it.