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Forums - General - McCain suspending his campaign

Jackson50 on 25 September 2008
akuma587 said:
madskillz said:

In the wake of last week’s financial meltdown, Sen. John McCain (R-AZ) has been calling for more regulation and criticizing lax oversight of Wall Street, despite the fact that he and former senator Phil Gramm passed much of the deregulatory reforms that led to the current crisis. Interviewed on CBS today, however, McCain said he does not “regret” championing the deregulation of Wall Street:

Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?

McCAIN: No. I think the deregulation was probably helpful to the growth of our economy.

http://thinkprogress.org/2008/09/21/mccain-deregulation/

 

Take your facts and get the hell out of here mister!  Shame on you for not rushing to defend McCain when he wanted to get rid of the legislation he passed in the first place!  I mean obviously you can just take things back once you have passed them, right?

 

If McCain truly believes repealing Glass-Steagall is what caused this crisis, he does need to educate himself about the economy. To be honest, repealing that bill has probably helped mitigate the financial crisis. The banks that have failed are Fannie/Freddie and pure investment banks. The banks that are diversified are on a more solid financial standing. Also, plenty of foreign banks that are not prohibited from combining commercial and investment banking do not suffer from this phenomena...why only in America? Greed and the odd structure of Fannie/Freddie may have been factors, but I have said it once and I will say it again: all of those contributors are secondary to the Fed’s handling of the money supply (interest rates). Had the Fed not created artificial demand through artificially low interest rates, there would have been no impetus for people to borrow beyond their means and for banks to provide the loans. 

 



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halogamer1989 on 25 September 2008
Aiemond said:
How's he gonna help though? He said the economy is his weak point, he said the fundamentals are strong not that long ago, he has not been in the middle of the discussion (its like joining a conversation not knowing exactly whats going on). Plus, he is going to turn this into presidential politics. I can't see how he is going to help any more by going there than by doing the debate. Also shifty since the new polls came out and obama made major gains. Less than one point in VA too according to real clear politics :)

In 2005 he made a lengthy Senate speech on the potential problems of no oversight of bloated Freddie and Fannie.  He knows what matters just not down to an economic degree status.

 



akuma587 on 25 September 2008
Jackson50 said:

If McCain truly believes repealing Glass-Steagall is what caused this crisis, he does need to educate himself about the economy. To be honest, repealing that bill has probably helped mitigate the financial crisis. The banks that have failed are Fannie/Freddie and pure investment banks. The banks that are diversified are on a more solid financial standing. Also, plenty of foreign banks that are not prohibited from combining commercial and investment banking do not suffer from this phenomena...why only in America? Greed and the odd structure of Fannie/Freddie may have been factors, but I have said it once and I will say it again: all of those contributors are secondary to the Fed’s handling of the money supply (interest rates). Had the Fed not created artificial demand through artificially low interest rates, there would have been no impetus for people to borrow beyond their means and for banks to provide the loans. 

 

Definitely.  I mean there was a reason for them to drop rates, but they kept them too low for too long.  When combined with the deficit spending of the Bush adminstration, it was a recipe for disaster.  And then oil prices skyrocketed too because of invading Iraq and other instability in the Middle East.  We didn't have a chance...

 



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson

steven787 on 25 September 2008
madskillz said:

What really showed me McCain was doomed was when George Wills, conservative columnist for the Wash Post, said McCain is not ready to be president. He did hit Obama but said he could learn the tasks quickly. But he expressed real doubts about McCain.

And mind you, this is a conservative guy, not a lib.

http://www.jewishworldreview.com/cols/will092308.php3

Again, check out factcheck.org and type whatever you wanna know before spewing rumors. Thanks.

 

 

George Wills is conservative, but has been endorsing Dems for a while (since 2006?) because the Dems ARE the conservative party. 

In the past 20 years, they have voted for less spending, more freedom, and mix of traditional foreign policy as opposed to crazy neocon fp that has taken over the republican party.

Despite all the democratic talk of social programs and republican talk of free markets, neither acts on their promises (minus a handful of examples).

He also likes Obama, in all honestly, how can you not love him; he's smart, knowledgable, has good judgement, world leaders kiss his ass, and he is smooth as the skin of pedobears dreamboys. He makes, Teflon Bubs, Bill Clinton look like a stuttering mess.



I would cite regulation, but I know you will simply ignore it.

Aiemond on 25 September 2008

So he knows that bloated firms are bad. Most everyone understands that now. But, how is he going to make the proposal actually help the economy and have the right issues? And what is he going to say that every other republican could not?

 

Your right about Palin. It was that McCain went to far that rovewas talking about.



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halogamer1989 on 25 September 2008

The sad truth to libs is that Bush was calling for more action on the loan biz back in 2001.

http://www.liveleak.com/view?i=ae3_1222100943



Aiemond on 25 September 2008

Here are the McCain financial advisors, good thing we have them to give McCain ideas on how to fix this.

http://online.wsj.com/article/SB122221440058969313.html

And if Bush was calling for this in 2001, when he had the most power in his tenure of President, why did the republican congress not do a damn thing? They had 5 more years to do it!



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Retrasado on 25 September 2008

*facepalm* why McCain? Why must you do everything possible to make me hate you? God. I hate this. I don't like Obama at all, and McCain seems to be doing his best to make me hate him too. Maybe I'll write-in Michael Jordan and vote for him....



Not trying to be a fanboy. Of course, it's hard when you own the best console eve... dang it

akuma587 on 25 September 2008
Aiemond said:
Here are the McCain financial advisors, good thing we have them to give McCain ideas on how to fix this.

http://online.wsj.com/article/SB122221440058969313.html

And if Bush was calling for this in 2001, when he had the most power in his tenure of President, why did the republican congress not do a damn thing? They had 5 more years to do it!

What he said.  If Bush had the opportunity, he sure as hell botched it, even during a time when he had a sky high approval rating (80's and 90's!).

 



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson

akuma587 on 25 September 2008
steven787 said:
madskillz said:

What really showed me McCain was doomed was when George Wills, conservative columnist for the Wash Post, said McCain is not ready to be president. He did hit Obama but said he could learn the tasks quickly. But he expressed real doubts about McCain.

And mind you, this is a conservative guy, not a lib.

http://www.jewishworldreview.com/cols/will092308.php3

Again, check out factcheck.org and type whatever you wanna know before spewing rumors. Thanks.

 

 

George Wills is conservative, but has been endorsing Dems for a while (since 2006?) because the Dems ARE the conservative party. 

In the past 20 years, they have voted for less spending, more freedom, and mix of traditional foreign policy as opposed to crazy neocon fp that has taken over the republican party.

Despite all the democratic talk of social programs and republican talk of free markets, neither acts on their promises (minus a handful of examples).

He also likes Obama, in all honestly, how can you not love him; he's smart, knowledgable, has good judgement, world leaders kiss his ass, and he is smooth as the skin of pedobears dreamboys. He makes, Teflon Bubs, Bill Clinton look like a stuttering mess.

LMAO!

 



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson