Stephanopoulos: McCain Holds Key to Administration’s Bailout Passage on Capitol Hill

I think Congress needs to stay longer instead of recess and take a good long look at this bill. Better to take a few days or a week longer and get it right.

If McCain backs out of this than I there will be no deal.
Thank you Democrats!

McCain all for McCain first. this just shows how entrenched in politics and power hungry he is

Only count Ron Paul’s vote!

It’s funny that the Dems will only follow the Repulican nominee.

dont vote yes mccain. its a free mkt. let the deadwood die.

Sandra…don’t blame the Dems it took more than 4 years to make this mess and the Reps had all the power in 2004…now it looks like a Reps is making the choice again…GOD HELP US…he doesn’t even know how many cars he owns, let alone how to vote on this…

What does McCain care about average Americans, he’s worth over 100 million dollars. So what if Wall Street and the financial institutions fail, he won’t be one of the millions out of work, he’s not worried about losing his house (any of the 8), he’s not worried about being able to retire (ever), no Ole John cares about himself first, like all REPUBLICANS.

McCain…byte me.

John McCain in his deep dark thought—”If I vote no, it could cost me the election. Yet, if I vote yes, it could cost me the election. Man,even standing on both sides of the aisle doesn’t leave me room for error. God I wish I had a good VP to back me up on this one. Some one I could put in fornt of a camera,…..on their own”

Palin…go home to your own country.

Tod Palin is not a patriot.

No bailout… soup lines are the new dinner date.

Oh, and another thing, why should he vote for this? He doesn’t care about YOU unless you make over $5 million. Just a thought.

Meanwhile, Obama fiddles as Rome burns!

billy bob? huh? u hungry?

Yes, blame the Democrats,… or rather one demoncrat,… Slick Willy,… he’s the one that pressured the banks to expand their home loans to include low income family’s that didn’t qualify under sane mortgage lending rules,… he’s the reason they opened up to 40x and higher risk ratios,… that happened back in 1999,… not under Bush. Get a clue. The only politics that were even remotely involved in this matter until the recent “crisis” were the politics of greed on Wall Street and in corporate board rooms aorund the country. You want somebody to blame, look up the hill to the rich banker’s manicured lawn. Look at the people who stand to loose their homes,… who shouldn’t have been given a loan in the first place, but greedily signed on paperwork they couldn’t possibly have understood, heedless of any possible consequences. The blame need go no further than that.

Just think soon all you cry babies will have more to cry about. When John McCain is voted president you guys can go crazy with your blogs. I feel sorry for Obama that he has been misled to believe that he even has a chance come November.

Let the deadwood die….
that “deadwood” is the lifesavings of hardworking Seniors who lived throgh decades of financial disasters only to face this one with no help, no hope, and no accountability from your free-market golden parachute jumping buds.
the “deadwood” is single moms trying to take a bit of the tax refund money they may not have to spend to catch up on their bills, and they tried to invest it and maybe, jsut maybe save enough to put the kids in college.
the “deadwood” is EVERY SINGLE MAN WOMAN AND CHILD WHO HAS INSURANCE IN JUST ABOUT EVERY MAJOR COMPANY IN AMERICA AND EVERY RETIREE OR SOON TO BE RETIREE WHO TRIED TO INVEST .
GO PUT SOME LIPSTICK ON THAT PIG.

How typically Republican!! Make a mess, blame it on Democrats, and then dump it on American citizens to fix it.
And there you have it — Bush’s gift to McCain.

So they wan’t McCain to vote with Bush now so they can use it against him later??

McCain is a true elder in American politics, worthy of respect.

REALLY: you need to do your homework. This started with Clinton and kept on going through the Bush admin. Nobody wanted to tell poor people that they could not afford a home because it was not PC. So now, ALL of us are stuck with it regardless of party. I hope politicians have learned a lesson. If you can’t afford a home yet, you should not get a loan to buy one. I still say we are screwed regardless of who wins. All of them should be voted out.

I don’t owe any politician squat!

Remember: Get the History correct. It was a president more interested in power, adding to his bank account and sex that started all this way back at the end of the ’90s: Clinton.

How about everyone vote NO for this- we cannot afford this and we should not do this- it will help NO ONE ECEPT THE FAT CATS ON WALL STREET!!!!

Let’s not forget Mr. McCain was a member of the infamous Keating Five”" who was censured by the Senate for influence peddling in conjunction with the Savings & Loan scandal of the l970/80′s. A maverick trying to clean up a corrupt system? I don’t think so!

Suddenly this bailout depends on McCain? Where is Obama? I thought he was a Senator too? Where is he hiding in all of this? Behind Pelosi and Reid’s skirts? Suddenly freinds, the democrats have discovered that the presidentila elecrion is 42 days away, and they are willing to tank everyone’s 401K and mutual funds, hoping that that if their is a new great depression , they will win the election. I see you Chriss Dodd and You too Barney Frank! Don’ tell me you didn’t see this comeing!

And I guess Senator Obama will vote PRESENT!

I just read on the Huffington post that McCain all the way up until last thursday was a deregulator. It was even posted on the screen at the gop convention.
They even have a video on you tube with MCLie contridicting himself. I had enough, I voting for obama.

This article is nothing more than an opinion by Stephanoupolus. There are no incontrovertible facts. This is nothing more than an editorial piece. Question: Since when do editorial pieces make headline news? Answer: When ABC needs to create a hit piece to somehow make McCain look bad.

I like the fact that everyone is watching McCain for guidance and leadership; meanwhile, nobody gives a hoot what Obama thinks. Seems to make it clear whose experience commands more respect in a crisis.

hmn –> You mean like ALL politicians!

McCain was CLEARED of all charges. At least make an argument based on facts.

This is a bad bill. It should not be passed at all, let alone in a hurry. Ruching for passage is a classic sales tactic to get you to do what you know is wrong. $150 Billion will more than cover the next few months, we can see if this plan will work at all and it doesn’t kill us for the next 20 years financially. Then the time can be taken to see what really needs to be done and the next President can make a decision they know they will have to deal with instead of this lame duck.

And where is Mr Obama in all this? I guess he’s not that important after all.

trust me… this is not on hanging on what McCain does. It’s posturing.

Get ready for a depressioneveryone!!!!!!!!

LOL…you have to be kidding Mr. Stephanopolous. Mr.”deregulation” McInsane does not hold that kind of power, sir…get real. This is more Rethuglican propaganda and you fall for it every time.

Anna…Anna…Anna…cmon now. Google is free. Get the facts. Employee donations do not represent the Company. Right?

Paulson is a life long dem. He was head of Goldman. Of course his plan is going to be for the CEO’s at the expense of the worker that’s what dems do. sure they say they are for the worker but thier bank accounts prove otherwise. McCain is right to think this plan is not the right plan. He does not say no to a bailout he says no to this plan. Big difference. there are other ways than just Paluson’s plan.
And what about the $500 billion the dems in congress are trying to pass in the dark of night because they have not done their JOB for the last year.
As of oct 1 the gov comes to a stop unless new spending is passed. the dems did not want to work with the White House because they thought Obama would be up by 20pts by now. Now the entire gov is going to shut down unless a bill is passed and the dems are earmarking it to death with pet projects that have had no public input.
Vote the bums out all the bums. It is time for new leadership. McCain/Palin are that new leadership.

Susan,
Just to let you know, Obama had a presser today and uveiled his “plan”. One of his ideas was to have an independent committee to oversee these developents….sure sounds familiar…

Hey, democrats, this is what happens when you change the regulations and try to help people that cannot manage money. Bill Clinton started this back in the 1990′s. it is call an UNCONVENTIONAL loan which means the applicant cannot qualify for a conventional loan at a regular bank or mortage company so they send them to a mortage company that will accomodate them (fog the mirror). This mortage company then sells the paper to another mortage company that in turn sells it to another. It is eventually bundled into a security pacage and ends up being traded on the financial markets. The securitied had a good rating but should not have, they were high risk. This has been going on for ten years and Bush has tried to stop it in 2006 but was shot down bu the democrats.

JIMMA: When you master the basics of the English language, maybe people will be interested in your opinions. Where do you come from that there are no plurals in our language? To attack someone else’s choice of words in rich – considering you cannot even construct a simple sentence in the language. Scary.

I think everyone needs to pitch in and heave sandbags now that the leveee has broken, rather than arguing about whose fault it is. If the stock market collapses , eveyone’s savings will be wiped out. They are being wiped out as you read this. So I think we should do what is necesarry, and do it soon, however unsavory it appears now, and then sort out the blame later.

Vote the bums out all the bums. It is time for new leadership. McCain/Palin are that new leadership.
Posted by: unseen | Sep 23, 2008 4:07:20 PM
____________________
Only thing new about McComa is that larger bald spot on the top of his head.

To AllergicToSpinAndLies/ Obama has spent 339 millions dollars on his career campaign to run for President. So don’t forget Obama is a politician tooand make no mistake he has money too. It’s just that everyone is taking pot shots at McCain because they view him as an easy target since he’s older. You need to ask yourself how Obama is not going to further the economic crisis with all these promises of tax cuts? Promises are great but come January let’s see the reality? I bet he’ll change his tune too, because when company’s get tired of being taxed so heavily, they may choose to go to cheaper countries to run their businesses, leaving US more unemployed and further in debt??? Just think what you are wishing for an Historical first black President with no experience in running a country on a micro thin resume. Go McCain/Palin

Why isn’t anyone asking why Obama is offering his yes or no on this or is Obama still just voting “present” and waiting to see the results before he makes his mind up.

Stupid is as stupid does. You’d think the old man would have learned his lesson with Keating Five. But he just keeps thinking about himself and his corporate cronies. As usual, McCain first.

NOOKLY23 has got it right folks! We’ve ALL been screwed by our own friends and neighbors. Instead of listening to the old adage “If it sounds to good to be true, it IS”, they listened to the “snake oil” salesman. We tell each other how smart we are and the good deals we get through the hard bargins we drive. SURE! Ain’t we swells? YOU built your boat, YOU bail it out. I can’t pay for my house and yours too!!

Email your Congress Person and Tell Them “NO MORE BAILOUTS” ——– http://www.visi.com/juan/congress/ ———- Go here and find your senator by zipcode. ——- Send a message to your Congressmen. ——it works great ——– Tell them NO MORE BAILOUTS NO MATTER HOW LOUD BUSH AND PAULSEN SCREAM NO BAILOUTS PERIOD OR WE WILL VOTE EVERYONE THAT SIGNS ON THE BAILOUT OUT OF OFFICE IN NOVEMBER ————————————————————————————————————————————————————————————————————————————————————————————————————————– send to these as well —————-Go to http://www.congress.org/congressorg/home/ —- or here —- http://www.house.gov/ — or here — http://speaker.house.gov/contact/ —– or email here —– comments@whitehouse.gov ————————————————————————————————————————————————————————————————– I would like to throw a shout out to Senator Jim Bunning of Kentucky as he is leading this fight against the bailout for the people. If we could send him an email with a word of Thanks I am sure he would appreciate it.

Why can’t they ask Baby Obama if it’s alright? Cause he’s not a true candidate obviously!

Dear ABC,
Your online news stories are ruined by including these reader “opinions”. Whether left or right, they are usually just plain stupid. Most of us realize that America is full of morons, but why must this fact be imposed upon us at every opportunity?
Please re-think your online strategy.
Thanks,
John

This is why Obama has been so quiet. Not only is Obama directly involved with the failures, he has no decision making skills, at all. This was evident in the debates with Hillary when he let Hillary field all the hard questions first so he could get his bearings. I trust McCain/Palin to govern with integrity and wish Pelosi and Reid (with Barney Frank and Chris Dodd) would be removed from office.

McCain = Conservative = deregulation =
economic crisis = WRONG!
Reagan was wrong then, McCain is wrong now!
No Bailout, No McCain!!!

Here’s a little news flash for the press, the Democrats are the majority in both the House and Senate.It is up to them whether this measure passes. When you gain power, you lose the chance to always blame someone else.

Doug – the BEST countries to live in have some socialist policies. I guess I don’t understand why that word scares people to death. The Scandinavian countries are the healthiest and happiest, have virtually no unemployment, have a free society, and they have socialized health care and education, free child care, maternity AND paternity leave, all paid for. Sure, the taxes are high but at least the people get something worth something in return. It’s our really stupid cowboy mentality way of thinking that capitalism is God’s gift to mankind. Not in this country.

Um…COUNTRY..that money was donated to him. It’s not his money. It’s the people’s money. CMON now. Of course, some things will need to be adjusted because of this crisis. He’s not stupid and neither are his supporters. It doesn’t mean they can’t be accomplished. He has sttaed many times that it will not be easy. I like that. Too many folks want everything easy.

bb: “It is up to them whether this measure passes. ”
Cute. I suppose you missed the whole veto threat from president Bush if they change anything?

McCain must be more important than Obama – why is his vote more important in the senate than Obama’s?

McCain will do anything to get elected. He stole the Change mantra from Obama and is now stealing the NO BAIL OUT mantra from Ron Paul and 95% of the tax payers (American public). It will be the right thing to do to NOT BAIL OUT at least leave the economic mess of the Bush administration like the rest of the mess to the next administration and not make such an urgent issue at this time. Mr. Paulson and Mr. Berneke are trying to scare us with a recession as though a significant number are not already living it. So Mr. Paulson and Mr. Berneke bring it on, let us see whether it is any worse than it already is but you are not getting a single penny of tax payer money to burn on irresponsible and mismanaged banks and lenders. LET THE BLUE CHIPS FALL WHERE THEY MAY. We the people are ready to pick up the pieces and help America rise like a phoenix from the ashes of these wall street excesses and plundering of the American tax payers and the US treasury.

Billy boob, This started with Reagan. The people who can’t manage money are the ones walking away with 25 million dollar severance packages, like the CEO’s of oh, Lehman Brothers, AIG, Goldman Saks, not the college graduate who can’t find a job unless he/she moves to China.
Get your facts straight.

lol…What other kind of picture does he take? ok…that was mean. I’m going to check into rehab with the other GOP officials. That was mean too…but it was STRAIGHT TALK.

Good article but what does Obama say? Isn’t his vote worth the same as McCain? Shouldn’t we be scutinizing his choice too or is his vote really that of a FRESHMAN Senator?

$700 billion without sufficient oversight sounds like another Iraq war.

Good way to corner McCain. He shouldn’t get away with his new found populist rhetoric against Govt., Washington, greedy CEOs, Congress, bail-out, etc., when the bipartisan congress is trying to clear out the mess created by the very deregulation policies he has been championing all along. If he votes for bail-out now, he can no more take a populist position against bail-out. If he votes against, he will be going against the once in a long time good move by his party. This dilemma is an acid test for his weak character and unprincipled stances all along. You can’t claim yourself to be a maverick that champions unpopular moves, and go diametrically opposite to the policies (e.g. deregulation, offshore drilling) you had been championing for many years, just before elections. The argument that he sincerely believes now that regulation is the right move only proves that his 26 years of experience (devoid of sound judgment) is futile. The experience in doing the things the wrong way is more of a liability than an asset.

“…Paulson went so far as to assure Democratic leaders that McCain “won’t be a problem” — in other words that McCain will vote for the proposal.”
If that’s true, its a pretty strong indicator that McCain is being controlled by the same Republicans running the current administration.
In other words, when McCain has differed with Bush, its been an artificial difference for political purposes. And when they need to pull McCain back onto the reservation, they can.

How about dividing this money up and give it the US citzens? They could put it to good use, such as paying off their own debt, buying a house or a car, etc. Then it would go back into the economy.

Just learned that Obama will not go back to the capitol to vote….he will continue to campaign. Is this important or not?!!! Where does Obama stand…it appears from what he says he is on both sides or whatever is decided without his vote he can say he was right. Cool Dude

I’ll take collapse PAT for $350.

1) Has anyone calculated the costs of directly helping the homeowner instead of giving a trillion or two to Wall Street? Not a single Wall Street executive has stepped forward pledging to accept a pay decrease and returning his/her Golden Parachute to help our troubled economy. Not one.
2) Help troubled home owners to bridge their mortgage payments so that they are able to remain in their homes.
3) A house that goes into for-closure is a large loss to the homeowner, the banks and now the taxpayers of America.
4) A for-closed home depresses surrounding neighborhood real estate values which adversely affects all American homeowners.
5) Do not allow real estate speculators to walk away from their speculative losses if they are financially able to maintain the mortgage. No one bails out an investor who loses money in the stock market. I believe that a good percentage of the people who are walking away from their mortgages are financially viable and more than able to maintain the mortgage. Why should the taxpayer have to pay for rich people to avoid losses?

Go McCain….let the chips fall where they may. The crooks are the Democrats. They are now in bed with Obama and no one cares. The top guys at Freddie and Fannie are advisors to Obama but ABC won’t talk about that. Check out FOX. They tell the truth.
Its time we are all on a level playing field again.

“Uh, Civics 101 – There must be a 60 count majority in order for a bill to be passed. There are only 51 Democrats. They need some Republicans to sign the dotted line.”
Here is a little Civics lesson for you, you f***ing moron. They need 51 to pass it. They need 60 to override a veto in the Senate.

Do you think Obama will vote this time? May try to get out of it so he “stays clean”. McCain/Palin 08

The porn industry supports Obama.

So it all hinges on the what the next President decides? or else why doesn’t it hinge on Obama?

Here’s how the game plays out……..
Demons and Repubs wrangle for a few days over the details(to make it look like they are earnestly looking out for John/Jane Q citizen)and watch the stock market keep declining like a boulder rolling down the hill.The ball is rolling down over the company stocks and then the credit markets and then John/Jane Q citizen are out of a job because small XYZ company can’t get a loan to help their negative cash flow.
………………………………..
Finally the Demons and Repubs come to their senses and realize that Paulson and Bernake know what their talking about i.e. it doesn’t taste good, but eat it anyway or the next bite will be even more distasteful!……………
The bill is passed and the market takes off upward even before a dime is spent on purchasing any of these “toxic” mortgage securites. As Paulson and overseers buy the securities at discount prices and hold them for future appreciation, the market returns to normalcy and everyone is happy. Give it 2-4 years and the values are up again for the feds to sell and return the money to the Treasury….with minimal negative and possible minimal profit………………………..
Just remember you heard it first here!

What, so a Congress under COMPLETE (D)(D)(D) control cannot DO ANYTHING on this issue, unless John McCain signs on. It seems THEY are the ones playing Russian roulette with the country’s economy. Why can they not just put for a package, or work with the president to solve the issue – THEY ARE THE CONGRESSIONAL LEADERS. They got there by lies and fabrications, and now that some tough decisions are required, they “punt”.

bb – Even though the democrats have the majority in House and Senate, it is not completely up to them what happens. They could want what is best, and all vote for it, but it still may not pass. The majority in Senate is currently very small. If the Republicans fillibuster and won’t let the bill come to a vote, or if the president vetoes the bill, there needs to be a supermajority (2/3 vote) to overcome either. The Democrats only get their way IF 1) they all vote together on something 2) the Republicans do not fillibuster 3) the president does not veto.

why are we bailing out Wall Street, do you know what will happen if this fails.
Newt Gingrich said worse possible thing Bush has proposed, a horrible ideal. He also said McCain should go against this trillion dollar bailout and that Obama would then be supporting President Bush.

The pro-Obama media machine is running on all cylinders as we get closer to the election. Since when does the passage of a bill depend on the vote of a member of the minority party? This type of propaganda may work well for some, but not for those informed on the workings of congress.

Let’s play follow the LEADER.

Only 7 percent of ALL Americans approve the bailout. That should be told to every Senator and Congressmen on Capitol Hill. NO SOCIALISM for big business. Help out the taxpayers FIRST before you cave in to special interests. Regulate them, let the go bankrupt and buy up their assets, PENNIES on the dollar. Giving them more money is like giving a drug addict his next fix. They have to fail in order to learn to be RESPONSIBLE and not greedy. If you are for the bail out that means you are for our GRAND CHILDREN to pay for this mess! No way no how!

No !
It is NOT true!
Democrats and Obama are idiots and do not go with the plan either!
At least John McCain clearly said that if they add judges to order banks new morgages to write and keep people in their homes, plus no mnoney for bounuces, he will go along with!
I look at it and see a true good leader
McCain

Egads, could you imagine forcing Obama to actually take a stand on an issue with everyone watching—-personally, I don’t think Obama could handle it. He would claim he forgot how to press buttons correctly again.

traci: “the fact that Obama can’t be bothered to return to vote on this crucial issue ”
Citation please? And if you know the future, could you let me know a few good stock picks while you’re at it?
Obama has been talking the economy since he was battling Senator Clinton. His policies are well known and defined, unlike McCain (which is why Obama gets attacked for raising taxes on people earning over $250k, while McCain simply has never said how he’d pay for his tax cuts to avoid any criticism). He’s also on the record regarding the key points he wants to see be made part of this bailout.

mak…i hear ya. I grew up poor and though I have progressed nicely since then, I’m still the same old poor man. I never planned to retire (even though I saved and saved) unless it was medically necessary. Hang in there.

You know what the simpleist and most logical solution to the subprime bubble bursting is freeze the damn rates……this way the greedy CEO’s aren’t making as much in profits and all those supposedly poor people could afford their mortgages (that they should have never made.)

Obama’s campaign team has indicated he will be voting ‘present’ on the Bailout plan.

I can’t belive any of you are naive enough to believe a single senator is going to miss this vote. Now I understand why Alexander Hamilton feared ‘majority rule’ or rule by the ignorant masses. Wow – this is an American issue – not red/blue.

AMERICAN VOTER!!!!! You are the only one that got this right. Im too a registered Dem, and voting on the McCain ticket. He is a true Mqaverick. It a holes like this allergic to spin fool, that make Dems look so so so so BAD!!!! Get a life, La-who-ser!!!!!!!!

Once again McCain is playing politics just for votes. I’m sorry John but you’ve been in office how long? Why didn’t you go after wall street then? I’m so F’ ing tired of politicians doing one thing and saying another just to get votes.
I’m sorry John but your fiscally responsble Republican party has more to blame on this issue then do the Democrats. But since your such a maverick don’t vote on it. Lets face the next great depression together. Ohh wait thats right he’s rich it won’t matter to him. F U McCain
I thought your solution last week was to fire someone.

Jhw, blowing hot air from Obama is not actually talking economy atleast not in the aspect as being either helpful or informative…..Obama has a bad habit of talking and saying nothing.

And BTW, a vote of “present” does not mean that a person had no opinion or didn’t want to vote. It is used to acknowledge that someone believes in much of a bill, but that the bill has something in it that the senator cannot tolerate. This is frequently a “poison pill” amendment that has been added by someone in the opposing party to get it on record that someone voted against something they say they support. For instance, if someone wanted to vote in favor of a bill that allowed funding to faith-based organizations, but someone else added an amendment that set up stricter limitations (which they opposed) for the death penalty, they might vote “present” because they can’t tolerate the amendment, but don’t want to be on the record as voting against something that they are clearly in favor of. This is not unusual, and pretty much all politicians do this.

McCain?- show up to vote for something important?
McCain? The “most absent member” of Congress who has missed almost 70% of the votes?
McCain? – Who couldn’t be bothered to even show up to vote for the GI Bill, Energy Bill or Medicare Bill?
Yea – don’t hold your breath.

I agree—-the ignorant masses should not be voting—you know the same masses that Obama community organized that were either to dumb or to lazy to go register themselves to vote.

Hold everything! The country must wait! The geezer’s snooze hasn’t ended. When he wakes up, he’ll change his mind…again. Given his response on AIG, market regulation, and so on, his mind runs kind of like a casino, you think? Perhaps, he’ll pass it on to Sarah to decide. Wooo-hooo! That’ll start some knees shaking, you think? (Perhaps that’s not exactly a joke!)

Obama won’t vote if he can get out of it! McCain/Palin 08

OJ was cleared too, but he did it.

What about Obamas support? Me too, me too, me too!!!!

There is no choice, but to vote for the corporate welfare bailout. If you don’t then the stock market will collapse. I don’t believe in corporate welfare, however, Congress (including Democrats & Republicans) have allowed this to happen. Congress should apoloigizee to its constituents for such a pathetic job they have done. They let the greedy, corrupt CEOS of Countrywide, Fannie Mae and Freddie Mac run our country’s stock market into the verge of collapse. Instead of all Congress taking money from these corrupt CEOS, they should have been cracking down on them with heavy regulation. We need severe regulation not deregulation. Due to Congress’s failure to criminally prosecute (federal indictments) and hands off policy, the American people will suffer. These CEOS should be left with nothing. They should pay for their inept poor business decisions. These CEOS were suppose to be the best and the brightest. Obviously they were all idiots. They should accept responsibility for their actions and return every dime they cheated from the American public. The Federal Governemnt is cleaning up their mess, of course at this point, there is no other choice. When all these CEOS are in federal prison, then and only then will the American public get the justice they deserve.

I’m celebrating (quietly). This is the best wake up call for ALL Americans one way or another. It’s refreshing to see so many people involved whther I agree with them or not.

Forget Paulson. Overnight, the most powerful man became John McCain.
If McCain feels that the bailout is a bad deal I think he should vote against it. I like McCain’s instincts and I will go with it. If he thinks that the bailout has its merits and it can work, I will trust him as well. This is a man whose instincts are second to none.

I wish McCain would have ben our preisdent 8 years ago!
Why should we accept Bush’s bailout plan and pay the Wall Street people!
The did not do a good job and they deserve NOT to get anything at all!
Also I agree with McCain to force banks to offer borrowers new morgages!
banks really reject almost everyone for fixed rate morgage and forc e people for forclosure!

Of course he will vote yes. Fannie & Freddie have lobbied at least 20 of McCains fundraisers, netting in at least $12.3 million in fees over the past 9 years. They stacked their payrolls with top Washington power broker Rick Davis, who is John McCains presidential campaign manager.

Ann Marie – That is exactly right. Good summary.

How low will the Democrats go? The lead story is an opinion piece by Stephanopoulos? They’re putting McCain, the next president, by the way, in a no-win situation. Either he votes for the bailout, which will make him look like he’s cozying up to Wall Street, or he votes against it and the Democrats can point to him as the man who caused the recession. You can smell the fear in the air as the Democrats’ chances are receding fast. I think Obama would make a fine President, but his party is using tactics that everyday Americans won’t stand for. Disgusting that some in the media are no better.

We have heard that we were on the edge of an “abyss”, that we were near a “depression” and that we were toying with economic “armegeddon.” But no one has stated what exactly will happen if we don’t bail out these wall street fools and let the chips fall where they may. Does NYC lose its status as a world finance leader? So what.
Would the average American lose electric power the next day? Probably not. Would there be outbreaks of civil unrest? I don’t think so. Would we not be able to buy food or would water stop flowing from our taps? Of course not. Would it be financially painful? Yes. But we need to bite the bullet on this today. Otherwise, we will enter into years (a decade maybe) of sever recession/depression because this bailout is merely a band-aide that puts off the inevitable and only makes Paulson and Bernanke (and Bush and Cox) feel better about doing something, anything, today without regard for the future of this country.

A 700 billion dollar bailout is nothing more than government sanctioned theft from tax payers – if we have to pay this bill, some corporate executives needed to do some jail time.

OJ was not guilty according to the law; you may have a different OPINION. Senators John Glenn and John McCain were cleared [by the Senate Ethics Committee] of having acted improperly but were criticized for having exercised “poor judgment”.” Public opinion is an interesting thing as it is quite often manipulated by emotion.

I must admit, I admire his honest appraisal of the USA, selfishness, greed, superiority complex, lack of compassion for cultures, aggressors, immorality, and failing to administer justice is the American I’ve known my whole life. As bad as i think he is, he looks pretty good compared to bush and mccain. as a black woman in america, i can definitely say, justice has never been given to slave descendents,and other small countries that would not submit to the western culture (especially in africa) i’m glad some other countries have noticed. I ‘m also glad he pointed out that america was behind half of the civil wars destroying africa (TRUE). America has handpicked people to be in charge and destroy their own people, then they pretend to be shocked. They’ve placed sanctions against them, so they can’t trade and make a living…then seem appalled when they starve…while America seems like the big devil.

The president of Iran… read up

Obviously, this CEO perk obstacle is being driven by the companies, right? They should be issued a choice. Fail or be purchased under the following conditions that are non negotiable. CEOS get $1 for each day of work. And that is before taxes.

Say it with me now…RON PAUL is Right, AGAIN!!

From Dr. Sanity: “There are two important posts today on the relationships Barack Obama has with terrorists.
Yes, I said terrorists.
The first post briefly summarizes the thorough Stanley Kurtz article (which should be read in total) on Barack Obama’s radical ties to unrepentant terrorist, William Ayers and the Chicago Annenberg Challenge (CAC):
Three takeaways:
* Obama had a long-term working relationship with William Ayers.
* The Chicago Annenberg Challenge (“CAC”), the only executive experience on Obama’s resume, was an objective failure despite the expenditure of millions of dollars.
* Through the CAC, Ayers and Obama financed radical organizations, including one with a history of engaging in voter fraud.
Stanley’s work is a challenge to mainstream journalists. A candidate for the presidency has a demonstrated working relationship with — indeed funded — an unrepentant terrorist, yet the media have spent more time reporting about Sarah Palin’s hair styles.
The second post at The Belmont Club, continues Wretchard’s investigation of Obama’s relationship with Tony Redzko and Nadhmi Auchi, the latter “an Iraqi billionaire who has played a role in the Iraqi-European arms trade for over two decades, and who, behind the facade of legitimate business, served as Saddam Hussein’s principal international financial manipulator and bag man.” (see also the first post on the subject: Obama’s Shifting Positions in Iraq: a Rezko Connection? )
The London Times reported that Auchi gave a $3.5 million loan to Mr. Rezko in May 2005 through a Panamanian company linked to the Iraqi expatriate called Fintrade Services SA. Several weeks after the loan, Mr. Obama purchased a house on Chicago’s South Side and Mr. Rezko’s wife bought an expensive plot of land next to the house from the same seller on the same day. Mr. Rezko’s wife later sold a 10-foot section of the property to Mr. Obama, to add to the Illinois Democrat’s garden. Mr. Obama has called the land purchase a mistake”
The Inspector General’s report makes the fairly persuasive case that Auchi was bad company. The person who constituted the single degree of separation between Auchi and the man who is possibly the next President of the United States was Tony Rezko. After the Chicago businessman’s conviction on corruption charges, Obama expressed shock at his former friend’s secret life.
Rezko’s guilty verdict on 16 of 24 corruption counts could have broad repercussions for Blagojevich, who made Rezko a central player in his kitchen cabinet. It could also prove a political liability for U.S. Sen. Barack Obama, who once counted Rezko as a friend and fundraiser, as the likely Democratic presidential nominee heads into the general election campaign against Republican John McCain.
“I’m saddened by today’s verdict,” Obama said Wednesday. “This isn’t the Tony Rezko I knew, but now he has been convicted by a jury on multiple charges that once again shine a spotlight on the need for reform. I encourage the General Assembly to take whatever steps are necessary to prevent these kinds of abuses in the future.”
Wretchard goes on in quite a bit more detail; then asks the extremely pertinent question: “What brought Auchi to Chicago? And what brought Rezko to Iraq? There are still lots and lots of places besides Sarah Palin’s tanning bed where the spotlight needs to shine.”
But pertinent questions are actually considered impertinent by today’s absymally uninquisitive and remarkably partisan mainstream journalists, who appear to be willing to overlook anything the Holy Obama has done, preferring to focus on the hairstyles, tanning beds and other inconsequential ‘scandals’ of Alaska’s extremely popular Republican governor and vice presidential nominee.”
http://drsanity.blogspot.com/2008/09/hairstyles-and-tanning-beds.html

Dear Allergic: Of Course, it’s the people’s money, and also from big business money etc. etc. You would think Obama might have a little common sense with honor to not false lead the HARD Working people to use their own money. That is it takes a very arrogant person to be willing to have people bet on you, when you know damn well you haven’t the skills. Your game is to point the finger at the other guy and make no excuses for why you are only voting present on public financial support? Talk is cheap but can he walk the walk?? I don’t think so smells like a politician. You think he would have turned some of that money back to help the Main Street American,but remember there is country & city and only one America!

bb: “Someone stated that a vote of “present” does not mean that a person had no opinion or didn’t want to vote. It is used to acknowledge that someone believes in much of a bill, but that the bill has something in it that the senator cannot tolerate.
I think we know what a vote of “present” really means.It means that the issues that Obama believes in are not as important to him as the risk of losing votes. ”
Wow, you’re a mind reader too? And I guess it really says something that he only used that vote 130 or so times out of over 4000 votes. Of course, John McCain chooses to simply not show up to vote.

REMEMBER WHEN GEORGE BUSH, Sr. WAS PRESIDENT? The same damn thing happened: UNEMPLOYEMENT, HOUSING CRISIS, NATIONAL DEBT, INFLATION… Just like that saying goes, “Like father, like son!”
Now, JOHN MCCAIN has been in AGREEMENT with BUSH the whole time. Just like that saying goes, “birds with the same feathers flock together!”
Let’s hope, for the sake of this great nation’s future, that the American voters wise up (after making the same mistake TWICE!), and don’t let these bums and clowns “play dice” with our future (for the 3rd time!).

Country… here’s the deal. Really. By most estimates this decision is down to choosing the lesser of two eveils. Obama is in favor of passage,but also wants ceratin conditions met. SO does McCain. Neither I assure is a choice any leader who like to make. I’m not going to address the “present thingy”. Enough people have explained that option in the Illinois Senate. Hey dude – don’t call me DUDE. I am a dude! lol

So what this is saying is that if McCain uses the Democrats’ own argument that the bill needs to add oversight, salary caps & protection for the average americans to refuse to sign BUSH’S bill, then it’s the Democrat’s fault that they have to argue to sign the Republican’s bill to save the country? Odd.

Nik2U……………………………..
Exactly, the decision is done…..it’s just a matter of how soon! The stakes are too high…you could see it in the eyes of the Senators as they questioned Paulson today! The downward market will finally squeeze the Congress to vote yes as soon as they can get some concessions that they feel will passify their constituents back home.

It all falls on McCain???? Are you kidding????? I guess all of the Democrats will follow Obama’s lead and vote ‘present’ since they obviously can’t or WON’T make a decision. What a bunch of idiots!!!! All of you Obama fanatics need to learn the facts – BILL CLINTON SIGNED THE BILL IN 1999 that caused this mess (and yes Republicans presented it but they wouldn’t have had enough votes to overide a veto) – AND you had RANEY AND JOHNSON (also part of Obama’s team) MISMANAGE FANNIE AND FREDDIE WHILE TAKING HUGE BONUSES. THAT is where the blame lies folks! …and where is Obama during all of this??? UNABLE to make a decision, ripping off and repackaging John McCain’s ideas (appoint a bipartisan oversight commission)and STILL UNABLE AND NOT READY TO LEAD.

Congress is not liking have to work under deadllines. That is funny to me!

you tellem Bubba!

barack will vote “present” for the 101st time

Where does Obama stand besides “present” on the economic crisis right now? Well he says YES for the bailout but not the way it has been written, so you would think that means he is NOT for the bailout as proposed. John McCain says NO, to the bail-out then Obama will say the bail-out would have saved us….and if John McCain says YES, then he will say that the bail-out was not written up correctly as he told everyone to begin with if the bail-out doesn’t work……..completely his entire history on the fence….”present”.

What is THIS all about?! As seniors, my wife and I are facing financial disaster with our declining investments, and we COULD lose our house next year.
What is McCain trying to prove? That he has enough money stashed away in a safe place that he doesn’t care if we have a major market crash?
Those who say “Let it crash” are short-sighted, because it WILL affect EVERYONE, whether or not you have personal funds in the stock market.
Is McCain simply trying to prove he has political power?

Obama has not said anything at this point because he really can’t do anything tell the bill is written. Unlike McCain, he keeps his mouth shut tell the facts are all together and he has a chance to examine them. Then, I am sure, he will let us know. This my friends is called good judgement.

Can’t this bill be passed in phases? So you take 50 billion at a time and once that is exhausted, come back for more. That way, the exposure would be controllable and the result can be vetted before approving the rest of the amount.

Michael, you are just like the person you are voting for – a lier. In no way are you a registered democrat.

Everyone, just stop for a moment to think about McCain’s position. If he votes YES, he will be tied (really tied) to unpopular Bush and most probably lose the election. If he votes NO, he will be blacklisted by CEOs and Big Banks and they will dry him out of funds & backing.
That poor old man is now torn between the devil and the deep blue sea.

The Democrats caused this mess by not passing the regulations the Republicans wanted. Even Alan Greenspan agrees it is their fault — http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0
I don’t see how anyone can vote for Democrat this year!

cardinal, if you are the nominee and negative ads are being run against you which makes no sense at all, it’s not funny at all!!!

jhw – I don’t see it that way. A study was just done and it showed that Obama was running 77% negative while McCain is around 50%. I’ve been following Obama since the primaries and he is, in my opinion, running a much nastier campaign all the while pretending that he isn’t. Obama has changed his position so many times, people are confused as to what he originally said. He won’t be able to do anything he wants to do without increasing taxes and I don’t think our economy can stand any more tax increases, even if they are only on the rich (ha!). I still haven’t figured out why the media loves him so, except that he is a liberal. He can’t even get a complete sentence out without a teleprompter as he is always parsing his words and he really associates with some questionable characters. Abortion rights are not the only thing that woman care about.

I hope you people realize that with a “no’ vote or a “yes” vote, that we are screwed, we will never in our lifetime have a life like we did 10 years ago. We are in for a very tough times and so are our children, and right now we can honestly thank Bush, McCain and the Republicans for it.

And Senator Obama votes present…..great leadership that obama has….lol

Depends on which news agency you look at, Fox has Chris Dodd causing a problem.

McCain has some worthy points, and I hope he succeeds in his attempts to insert some regulation and balance into the bail-out. Which is not to say that he should be our next President, but one need not assume that everything he does is done with ill intent. Meanwhile, I suggest that all Americans read the proposed law…it’s quite the give-a-way the way it is written now.

I took no personal responsiblity – bail me out. I just don’t get it!!

Are all Fauxbama supporters mindless idiots? If he supports the bailout it’s McBush. If he doesn’t then he’s not America First. You can’t make up your little leftist minds because you’re like your fearfull leader who can’t make up his. He has to ask his astrologer and 500 advisors first and then contradict his VP pick. Lack of leadership in stormy waters = Fauxbama.

“he only voted with Bush 91% of the time.”
You do realize that Bush doesn’t have a vote in the Senate, right? Right?
Obama supporters sound so smart when they quote their talking points! Can you give me that Obama = Jesus line? Please?

Don’t forget there is property behind these mortgages.

beck – you are completely right. And a thought to share–I wasn’t for Sarah Palin at first, but after examining her credential and her maverick disposition she might be the very best thing for America. We need good people that will fight for America again. What we do not need in harsh times is someone like Obama telling us that America is not great anymore. We need cheerleaders now and people that will go that extra mile no matter what is decided on this bail-out bill.

Susan: “I don’t see it that way. A study was just done and it showed that Obama was running 77% negative while McCain is around 50%.”
That study was for one single week of the campaign and is usually cited to show “Wow, Palin has really forced Obama to change his style to negative.”
And I am not basing my assessment so much on negative ads, but rather the documented repetition of proven lies: Palin was against the “Bridge to Nowhere” and doesn’t take earmarks (documented lie). Obama’s plan is to raise everyone’s taxes (documented lie). He wants to teach comprehensive sex education to kindergartners (documented lie).
Even Karl Rove has called McCain out for lying – it’s even worse than when Bush .

“Obama has not said anything at this point because he really can’t do anything tell the bill is written. Unlike McCain, he keeps his mouth shut tell the facts are all together and he has a chance to examine them. Then, I am sure, he will let us know.
This my friends is called good judgement.”
Posted by: beck | Sep 23, 2008 5:07:22 PM
———————
GOOD JUDGEMENT?! Good judgement as in continually and stubbornly remained in denial about the economy going into recession, even until last week when John McCain came out while campaigning in Florida and announed that “THE ECONOMY IS SOUND” and “THE FUNDAMENTALS OF OUR ECONOMY ARE STRONG”?
The national debt, under Bush’s administration, is now $9.66 TRILLION, and John McCain says that the Economy is sound?!?
JOHN MCCAIN is CLUELESS when it comes to the economy! He made himself looked like a clown!

PALIN, DO YOU SEE MCCAIN SIGNING THIS BILL FROM YOUR BACKYARD>?
OH DOES SHE EVEN KNOW WHAT THIS BILL IS ABOUT? OR IS PALIN TO BUSY RALLYING UP SUPPORTERS FOR WW3?

“McCain all for McCain first. this just shows how entrenched in politics and power hungry he is”
Wow McPalin…did you read the article at all? I don’t know about you but I’m nervous about footing a 700 billion dollar tax bill…the money has to come from somewhere. Don’t get me wrong. the government should do something, but jumping headfirst into something that hasn’t really been fully thought out and without proper boundaries could spell more trouble later on. “McCain has expressed concerns about Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke’s plan, which would amount to costing the American taxpayer two Iraq wars.”
“The Republican presidential candidate has suggested the original proposal lacks sufficient oversight, and he has said whatever plan emerges should protect family savings, homes, and student loans, and should eliminate obscene CEO compensation packages.”
This all sounds to me like McCain just wants a little more thought put into all of this before signing us up for failure. I agree Congress should take a bit mroe time to review what this bill will cover, what it wont, and how much it will cost us as taxpayers. I see nothing here that shows he is power hungry. It says that some are speculating that he could try to use this as a chance to go against the bush administration and show he is skeptical of wall street, but that is a guess at best. We will have to wait and see if that actually plays out. Lets all just focus on the facts and not the conjecture.

It is so funny to read all the rhetoric the compaints abot the bail out yet McCain put some terms on it GOOD FOR HIM GOOD FOR US IT NEEDS TERMS NO BLANK CHECK

WOW….. As you can all see how some of you are so stonewalled into thinkin that all repubs are the same and the dems are the best choice!!!!!
Mccain is not sure of the bill because of HOW MUCH IT WILL COST YOU THE TAX PAYER. 2 times more than the Iraq war!!!
So he is pondering if letting and thousands losing jobs would be worse than millions losing jobs because of the taxes WE ALL WOULD HAVE TO PAY!!!
McCain is A TRUE MAVERICK!!!!!
And at the same time MR OBAMA has been MULL and QUIET, and NOT offering ANY SOLUTIONS!!!!!
John Mccains leadership is outshowing Obama BY FAR NOW!!!

ORGANIZED CRIME IS VERY ORGANIZED

Where did ole George abd ABC dream this one up. i guess they are going to try and pinn this mess on McCain if he votes aginst it???

I’m an Obama girl, but if McCain gets this $700 billion robbery thrown out, I just might have to vote for him!
I’ve never heard of such an incredible scam, but Chris Dodd sure looked like there was no way he was falling for it.
NO BAILOUT OF WALLSTREET!

This is all manufactured. Wall Street has not even come close to Black Monday 1987(-22%)! No Bailout !

No Rodney freaking goverment is more like it you cant blame just republicans they all did this

DID ANYONE EVER REALIZE –THAT THE BEST DEFINITION FOR MAVERICK IS TOTAL IDIOT.
THE GUY HAS NO FORSIGHT BUT DOES HAVE 20 20 HINDSIGHT—–WHAT A LOSER

HEy Mary?! BOO HOO

Obama was asked on NBC’s “Today Show” about why he criticized McCain for initially opposing a federal bailout of AIG when Biden was also speaking out against it.
Now why would Obama criticize McCain when his own running mate is saying the same thing as McCain.

rodney If you want the truth, read
http://en.wikipedia.org/wiki/Community_Reinvestment_Act

REDDOG====ON THAT I MUST AGREE—-OUR GOVERNMENT LEAVES A LITTLE TO BE DESIRED.

SUSAN–YOU HAVE TO REALIZE BY NOW THAT MCCAIN HAS NO PLANS OF HIS OWN—-THE GUY IS A SUPER PARROT—–

Mary,
Obama wanted to surrender to Al Qaeda in Iraq. Who needs more “evidence” that he’s bad for America and the world?
The Dems have wanted Iraq to be “the next Vietnam” since the beginning, Obama’s prescription would have made it so. If Obama wins with a majority Democrat Congress, they can still pull it off, they’ll just abrogate our defense treaties with newly free but embattled Iraq, and pooooof! it’s the Next Vietnam and the Killing Fields of Cambodia.

It funny he want vote for the bill being that he and Phil Gram cause the mess. “The Deregulator” see where it got us.

Yeah, Come On Ole John, put your mouth where your, well, mouth is. You say this is bad, but not out loud, SPEAK UP, take a stand. Don’t keep hiding in the dark claiming that Obama’s doing what YOU, YOURSELF are doing.
Ole McCain, those old guys always crap about everything, don’t they?

Don’t do it McCain. It’s not capitalism at fault, it’s the government. No to socialism!

Go, Maverick McCain!

Mary,
“How can a man who openly associates with Marxists, racists, terrorists and criminals be considered by many to be an agent of hope and change? Change into what? Zimbabwe? In my thinking, too many Americans think this country is indestructible. That we can take a wild Friday evening drunken stroll next to the abyss without fear.”
My own thinking exactly. Obama is a dangerous demagogue.

Doesn’t it say that McCain is the presidential voice that matters if the bill lives or dies on his opinion?
For the prior people that said the Reps got us here, its a fact that McCain proposed legislation that Dems shot down, that would regulate this, because they were taking money from Fannie/Freddie. So no one buys that BS. Dodd is to blame for shutting down the reform.
And then on Obama he has had no leadership on this bill. It was a chance to take the lead and he followed. McCain is still taking the lead and its making a positive difference.
McCain is the one looking more like the leader, more like a President, and everyone agrees, because it won’t pass without his vote.

JR, Have you seen or heard from Obama on this matter? I am beginning to wonder if he is still in the country? If you hear from him tell him the rest of the country would like to know what his position is on this crisis.

If he votes “no” and precipitates a depression, then it is all over for the Republicans for a long, long time.

True democrat colors. They are more worried about trying to blame a Republican than they are about being an American. What a lack of leadership on the democrats part. With the press the way it is this election, no matter what way McCain would vote, they would try to destroy him.

the redlining process is totally a risk.

I see how people were duped into buying into bad mortgages… you will buy into anything.

Susan: “Wasn’t it Obama who was opposed to the Iraq war and won the democratic primary because Hillary had voted in favor of the resolution. Then Obama chooses Biden as his running mate and Biden voted for the same resolution as Hillary.”
Hillary was also in the running for the VP position. And Obama won the primary on far more than just Senator Clinton’s vote for the Iraq war. The flaws in her technical strategy have been well hashed out, and her high negatives going in were well known.
If you are so easily confused by Obama’s ability to work with and find value in people who he has narrow issue disagreements with, then hopefully you’re not too shocked to find out that Lieberman, who caucuses with the Democrats, is a trusted member of McCain’s inner circle. And McCain’s talk of bipartisanship – how does that make sense?

Paulson said this morning that “McCain will not be a problem”. Johnny Mac had already told his Wall Street contributors that he was on board for this plan, but needed to get a little political posturing in for the cameras. Bear in mind who John McCain’s top twenty campaign contributors are: “top 20 contributors include this dozen: Merrill Lynch, Citigroup, Goldman Sachs, JPMorgan Chase, Credit Suisse, Lehman Brothers, Bank of New York Mellon, Morgan Stanley, Wachovia Group, Bridgewater Associates, Blackstone Group and Bear Stearns.” Thank you George Will for letting us all know whose buttering John McCain’s bread!http://www.newsweek.com/id/136308/page/2

If it is true that Senator McCain holds the key vote to show approval of the 700B bailout plan, then this in fact, could make or break Sen. McCain’s presidential campaign or come to haunt him later.
The U.S. GDP is close to a 13.84 Trillion dollar economy, if the GDP drops a 5% percentage points as a result of lack of liquidity or credit, we would lose around $700B or more out the U.S. economy (if the math is correct), not to mention losses in pension and retirement plans.
At least we have some control on how the $700B bailout monies is invested and what oversight is required to steer the economy with a payback of greater growth. If we do nothing we go with the winds of the currency, commodities and securities markets with no control for certain pain and disbelief.
But the smart money is who would want to inherit a recession economy crippled by lack of liquidity and credit as a newly elected President? Secondly, if the bailout fails to pass because of Sen. McCain and the economy tanks, does it mean the Bush administration leaves Sen. McCain holding the bag? A tough set of cards to play in the GOP.

DO NOT, I repeat, DO NOT bail out the companies, they deserve to die for their unbridled greed. Let the survivors rip them apart and dish them out to the surviving companies. It is already in progress with the Lehman Brother who have sold peices to 3 outher companies already.
Change the bailout to pay the individual taxpayers and retirement funds that lost their investments. Far cheaper and far more fair.

i can see Russia from my porch!
Boys like me a lot, polar bears not so much!
How did my daughter and i get prego?
I was a POW — prisoner of Wasilla
The road to nowhere is a dead end… lets race our snow ma shines

McCain has proved once and again that he will sacrifice the country’s interest to get a win. Even though he has been a champion for market deregulation in the past 30 years, it is amazing he is now putting up the populist rhetoric for middle class. The damage has been done folks by the Bush/McCain policy! If we don’t act quickly, the whole entire financial market will melt down. That is your and my 401K’s & college saving accounts. The housing pricing will plummet. Oil price will be even higher with a weaker dollar. I couldn’t image politicians could be so irresponsible in order to score political points. The problem is that the general public and press is too dumb wit to grasp what is coming. This is much worse than 911 or Katrina. You are squandering the an opportunity to turn things around.

John McCain should make a vow to eliminate the FED entirely and make Ron Paul his Secretary of the Treasury.

I think it is fascinating that I have heard so many times about the “Socialist” democrats for trying to provide healthcare for those who cannot afford it. YET – if this is not the most obvious case of FINANCIAL SOCIALISM brought on by the same group that wants small government!
Hell NO I am not paying to bail out a bunch of rich guys who got greedy!

The maverick should put his money where his mouth is and vote NO on this total waste.

George “The village idiot” Bush and the 6-year Republican controlled Congress led our nation down this dead end road. It’s time to kick these REPUBS OUT and put in the DEMS!
If these DEMS can’t fix it when they have their turn this nov., then kick them out as well!

Here is a thought…Alan Greenspan must have seen this all going down as he certainly found a good time to retire. For those who ask what Obama is doing, I believe the Democrats are planning on voting for it but they do not have enough for a majority, so for those of you who like to blame the Dems for any messes cuz they hold the majority in the house and senate, their hands are basically tied .

John Mcain has said today he will support a bill with an oversight board, a reimbursemnet to taxpayers down the road, and no CEO running off with taxpayer millions as severence. He also says we should move quickly. Obama has quickly said the same thing. So who is holding up anything? Who is fiddling while Wall Street burns? ( i know they were playing with fire, but lets be adults and put out the fire , then investigate who is responsible)

don’t think all you people see the big picture. this is the start of the big melt down. globalization-new world order is here faster than we realize. other countries are going to begain buying us out faster than anyone can figure.the north american union, the one north american coin, the illumanatti is now eating up to world economies. ron paul would be a better president. but the illuminatti would probly get rid of him, if he did. god bless all of you, jesus is coming back soon. (last words)

Let me get this straight, first we are to bail out all of those people who borried more than they could afford. Then Obama wants to give them all health care insurance at our expense. Then Obama wants to send all of their kids to college at our expense and at the same time he wants to give all middle income Americans a tax break. Now who is going to pay for all of this??? You and I, until we loose our job and get on the Obama welfare plan.

WHY DONT PALIN GET HER WITCH HUNTER MINISTER TO SAVE US ALL– FROM THE WICKED REPUBS—–WHAT ELSE WILL FAIL BEFORE THE REPUBS GET OUT .LETS SEE BIG OIL ROBBING US BLIND—MASSIVE TRADE IMBALANCE WITH CHINA. NOW WALL STREET FLOP—WHAT THE HELL IS NEXT—-OH I FORGOT WE ARE ALL GEORGIANS TODAY—AND WE ARE LIVING IN AN ERA OF PROSPERITY DUE TO NAFTA–(WORDS RIGHT FROM MCDUMMYS MOUTH)

billy bob…wrong.

SUSAN
WHY DO YOU THINK OBAMA IS RESPONSIBLE FOR THE LAST 8 YEARS (WHICH HAS NOT ENDED YET)

highwayman – sounds like a plan. This is an unfortunate mess, and at least McCain is putting forth some sound requirements if it has to be done. I like having a panel instead of just Paulson overseeing this. Of course, Obama followed.

I dont think SOME of the people that are posting in these blogs really are aware of how serious this is. Mr. McCain has a great deal of pressure on him – damed if you do and damed if you dont. I am not a financial wizard as some of you appear to be but I do know you can not borrow your way out. McCain is hesitant because he wants the citizens protected, protect family savings, homes, and student loans, and no CEO compensation packages.” It is an extreme risk – maybe 50/50 it will work. If it does’nt we will be worse off. Oh yeh – thanks Billy Clinton, you are the one that got the ball rolling, it did not happen overnight. Also this democrat congress has got the lowest rating – worse than Bush. We pray that McCain makes the right decision. Funny how even us Dems are looking at McCain for the leadership we need. God Be With Us All.

Why does Susan keep repeating hollow, discredited talking points? Where are her critical thinking skills and brain? Are they at all present?

It was Obama who had the gutts to vote “Present” when bills were lopsided or full of loopholes. A practice in which the McDuh campaign threw in his campaign’s face again, and again, and again. Again, McDuh is learning why this tactic gets put to practice by Obama. “Keep taking Obama’s lead, McDuh, you and Pali-Anna may learn something. . .

A little history on what triggered this.
2004 the SEC under pressure from the Bush Administration removed the allowed the debt-earnings ratio (12-1) for the big 5. That’s 1200% folks!
(for comparison, for us to buy a house from a bank we have to have a 1-3 debt to earnings ratio, i.e. 33%)
Of the big five 3 have failed and the other 2 are hurting becuase their greed pushed their debt ration to well over 30-1 (3000%)
Let the idiots sink and force them all to pay back all their commissions, bonuses and platinum parachutes.
Oh one more thing. Not bailing them out will NOT trigger or worsen the ressession.
Currently for Obama, but if McCain pushes for letting them sink and be picked apart by surviving competators. I will change my vote in spite of Palin.

Of course he will vote yes. Fannie & Freddie have lobbied at least 20 of McCains fundraisers, netting in at least $12.3 million in fees over the past 9 years. They stacked their payrolls with top Washington power broker Rick Davis, who is John McCains presidential campaign manager.

McCain should vote NO!! Not as long as the Dems have added more unncessary pork to the bill! To add “golden parachutes” to this bill is a travesty! This bill should also include these fat cats paying off what they stole from their jobs! You do not pay an employee for ruining your company..you pay them when they keep your company solvent! They should only back mortgages for those in need! This Congress can’t get anything right! Barney Frank and Chris Dodd should be handcuffed and thrown in jail with the rest of the fat cats who pilfered from Fannie and Freddie! Bush, McCain and Greenspan all warned Congress and Frank and Dodd said not to worry….The one thing that bothers me the most is ..HOW DID ALL OF THESE FINANCIAL INSTITUTIONS FAIL IN ONE WEEK?
WHERE WERE THE PEOPLE OVERSEEING THIS?
WHY DIDN’T SOMEONE WARN THE AMERICAN PUBLIC ABOUT THIS MONTHS AND MONTHS AGO! A business NEVER fails in ONE WEEK!

YOU HAVE TO ADMIT GANG THE WORLD ECONOMY IS WORKING—-THIRD WORLD COUNTRIES ARE LIVING BETTER—–BUT WE ARE PAYING THE PRICE AND OUR STANDARDS OF LIVING ARE HEADING TO THIRD WORLD STANDARDS—-I THINK OUR GOVERNMENT HAS GONE NUTS OR TOTALY CORRUPT.
ROSS PEROT PREDICTED THIS YEARS AGO–BUT I FORGET HE WAS THE FUNNY LITTLE GUY WHO KNEW NOTHING.

WHEN A DUMMY LIKE ME SAW THIS COMING YEARS AGO,MY ONLY THOUGHT IS —-WHO THE HELL OR WHAT THE HELL IS RUNNING OUR COUNTRY
IF YOU CANNOT SEE THE OBVIOUS WHAT CAN I SAY
GOODNIGHT

One word: Gravitas.
Notice that even the Democrats won’t vote for it unless McCain does. Nobody cares about Obama’s vote, they only care about what McCain’s is going to do. They instinctively follow the leader, that’s why it’s called leadership. Obama who?

Mc Cain should sign on the bailout if the democrats (congress) will immediately start a investigation of fraud and criminal acts by fanny mae and freddy mac bureaucrats. And that the bailout process is open to public at all times. Caio! WW Terry

mfmros: “Not as long as the Dems have added more unncessary pork to the bill! To add “golden parachutes” to this bill is a travesty! This bill should also include these fat cats paying off what they stole from their jobs! ”
The Democrats have been fighting to include strict limits on executive pay in the bill and have resisted the Republican Administration’s hard push to just sign over a blank check. Quit lying.

Bryan T
Goofy. Really goofy!

Excuse me. The Democrats will take their cue from John McCain. This serial liar, former Keating 5 member, who was touting Republican deregulation of the finance industry before it blew up in his face, who just last week said that the fundamentals are strong, that John McCain rules their world. Incredible!

The facts:
The Democratic presidential candidates are eager to please. One offers a bandage: Hillary Clinton wants to impose a moratorium on foreclosures for 90 days and to freeze mortgage interest rates for five years. The other offers a bailout: Barack Obama proposes a $10 billion home foreclosure prevention fund “to bridge lender and borrower” so that people can stay in their homes.
When asked about the issue during last week’s CNN Republican presidential debate in Los Angeles, John McCain took a somewhat saner approach. He said that lenders must “return to the principle that you don’t lend money (to people) who can’t pay it back.” McCain said there are “some greedy people on Wall Street who perhaps need to be punished” and urged that there be more transparency. Lastly, McCain implied that any bailout should be limited to “people who were eligible for better terms but were somehow convinced to accept the mortgages which were more onerous on them.“
McCain is on the right track — especially about this part: The only people who deserve assistance are those who should have qualified for a better deal than they got. And, even then, the most government should do is freeze or readjust mortgage rates. It shouldn’t pay out a dime. Those who had bad credit and had to turn to the subprime market in order to purchase a home should never have been buying in the first place.
But make no mistake. We can’t afford a wholesale bailout — not just because of the cost to government, but because of the cost to our society and the principles that hold it together.

Good to see McCain’s bluff get called. Talk about flip flop. Here’s a guy (Mc Cain) that’s been a very willing follower of deregulation in the financial sector suddenly talking about helping the middle class and main street. PLEASE, what does Mc Cain know about the middle class? He’s spent the last 2 plus decades ensuring the rich get richer and the middle class get crumbs. Don’t know about you but I’ve been lied to enough. I used to be a republican I’m ashamed to say. But all they do is repay the wealthy that get them elected. I’ve had enough. It’s time for CHANGE, spelled Obama!

Vote no, I mean yes, or think a bit before no more yeses to consider voting no. NO MORE MONEY FROM THE CHINESE…
Ha Ha Ha….
Maybe we can borrow from the Russians so we can attack them now…

steve, I have not heard what Obama’s latest plan is. I think he is going to vote present on this one.

I can’t believe someone does not know what Kibosh/Kybosh means….

McCain is really desperate about this election, exploring every possible way to win. The stress of the campaign is getting to him, and he is growing older by the minute.

“which would amount to costing the American taxpayer two Iraq wars. ” McCain better vote against this! Not even the president yet and squandering twice as much wealth as Bush in one week? Are you kidding me!?

I am sure that John MCain will vote based on whatever decision he thinks will get him elected whether he believe it to be the correct course of action or not.

Eric said “Excuse me. The Democrats will take their cue from John McCain. This serial liar, former Keating 5 member, who was touting Republican deregulation of the finance industry before it blew up in his face, who just last week said that the fundamentals are strong, that John McCain rules their world. Incredible!” ****** This is a campaign ploy by McCain — he was going to wait until after it had the votes to pass in the Senate, and then he was going to vote NO so that he could say that he stood up to the Bush Administration and that he is a maverick. It has nothing to do with respect for John McCain. In fact, it’s the exact opposite. THE DEMOCRATS ARE CALLING HIS BLUFF so that he can’t use this “bipartisan” issue as a campaign issue. THEY DON’T TRUST HIM — THAT’S WHY THEY ARE CALLING HIS BLUFF. Obama has already come out and said that he will support a bipartisan bill. It’s McCain who is politicizing this bail out!

How are you going to pay for this:
‘I consistently believe that when it comes to . . . reparations,” Obama recently told a gathering of minority journalists, “the most important thing for the U.S. government to do is not just offer words, but offer deeds.”
A few days later, he clarified his remarks, saying he’s not calling for direct cash payments to descendents of slaves, but rather indirect aid in the form of government programs that will “close the gap” between what he sees as white America and black America.
He says government should offer “universal” programs — such as universal health care, universal mortgage credits, college tuition, job training and even universal 401(k)s — that “disproportionately affect people of color.”
In other words, reparations by another name.
Obama knows that if he pushes too hard on reparations, he might scare off white voters. So he couches race-specific welfare as “universal” social programs that appeal to broad-based political coalitions — “even if they disproportionately help minorities,” he confides in his book, “Audacity of Hope.”
Obama has a name for his scheme: “universal strategies.”
“An emphasis on universal, as opposed to race-specific, programs isn’t just good policy,” he wrote. “It’s also good politics.”
Maybe so. But not all his plans for reparations are roundabout. His book and Web site outline a separate plan calling for essentially a government bailout of the inner cities. Among other things, he proposes:
• Doling out faith-based grants “targeting ex-offenders.”
• Subsidizing supermarket chains that relocate to the inner city to deliver “fresh produce” to blacks, helping wean them off unhealthy fast food.
• Imposing “goals and timetables for minority hiring” on large corporations whose work forces are deemed too white.
• Continuing to fund the Community Development Block Grant program, Head Start and HUD public housing subsidies.
• Funding Small Business Administration loans for minority businesses who train ex-felons, including gangbangers, for the “green jobs” of the future, such as installing extra insulation in homes.
• Doubling the funding for federal after-school programs such as midnight basketball.
• Subsidizing job training, day care, transportation for inner-city poor, as well as doubling the funding of the federal Jobs Access and Reverse Commute program.
• Expanding the eligibility of the earned income tax credit to include more poor, and indexing it to inflation.
• Adopting entire inner-city neighborhoods as wards of the federal government.
• Spending billions on new inner-city employment programs, including prison-to-work programs.
This is just a down payment on the “economic justice” Obama has promised the NAACP — financed by “tax laws that restore some balance to the distribution of the nation’s wealth,” he says in his book.
And the indirect aid he’s proposing now could quickly turn into cash transfers once Obama is safely ensconced in the White House.
Claiming “blacks were forced into ghettos,” Obama is certainly sympathetic to the idea of reparations. His church has actively petitioned for them for decades. And he’s strongly suggested there’s a legal case to be made for them.
“So many of the disparities that exist in the African-American community today can be directly traced to inequalities passed on from an earlier generation that suffered under the brutal legacy of slavery and Jim Crow,” he said. “We still haven’t fixed them.”
He assumes the economic gap is a legacy of discrimination and largely unrelated to personal responsibility. He also makes it seem things haven’t gotten better for blacks.
In this, Obama is intellectually dishonest. In his book, he cites statistics showing a 70% rise over the past two decades in the number of “Latino families considered middle class,” but never cites one stat showing the even more impressive gains of the black middle class. He complains about low black wages, but never mentions the quantum leap in black home-ownership rates.
Why? Such stats would undermine his case for roundabout reparations. Even if it were true, he says, “better isn’t good enough.”
“The problems of inner-city poverty arise from our failure to face up to an often tragic past,” Obama said.
Now it’s payback time.

From Dr. Sanity: “There are two important posts today on the relationships Barack Obama has with terrorists.
Yes, I said terrorists.
The first post briefly summarizes the thorough Stanley Kurtz article (which should be read in total) on Barack Obama’s radical ties to unrepentant terrorist, William Ayers and the Chicago Annenberg Challenge (CAC):
Three takeaways:
* Obama had a long-term working relationship with William Ayers.
* The Chicago Annenberg Challenge (“CAC”), the only executive experience on Obama’s resume, was an objective failure despite the expenditure of millions of dollars.
* Through the CAC, Ayers and Obama financed radical organizations, including one with a history of engaging in voter fraud.
Stanley’s work is a challenge to mainstream journalists. A candidate for the presidency has a demonstrated working relationship with — indeed funded — an unrepentant terrorist, yet the media have spent more time reporting about Sarah Palin’s hair styles.
The second post at The Belmont Club, continues Wretchard’s investigation of Obama’s relationship with Tony Redzko and Nadhmi Auchi, the latter “an Iraqi billionaire who has played a role in the Iraqi-European arms trade for over two decades, and who, behind the facade of legitimate business, served as Saddam Hussein’s principal international financial manipulator and bag man.” (see also the first post on the subject: Obama’s Shifting Positions in Iraq: a Rezko Connection? )
The London Times reported that Auchi gave a $3.5 million loan to Mr. Rezko in May 2005 through a Panamanian company linked to the Iraqi expatriate called Fintrade Services SA. Several weeks after the loan, Mr. Obama purchased a house on Chicago’s South Side and Mr. Rezko’s wife bought an expensive plot of land next to the house from the same seller on the same day. Mr. Rezko’s wife later sold a 10-foot section of the property to Mr. Obama, to add to the Illinois Democrat’s garden. Mr. Obama has called the land purchase a mistake”
The Inspector General’s report makes the fairly persuasive case that Auchi was bad company. The person who constituted the single degree of separation between Auchi and the man who is possibly the next President of the United States was Tony Rezko. After the Chicago businessman’s conviction on corruption charges, Obama expressed shock at his former friend’s secret life.
Rezko’s guilty verdict on 16 of 24 corruption counts could have broad repercussions for Blagojevich, who made Rezko a central player in his kitchen cabinet. It could also prove a political liability for U.S. Sen. Barack Obama, who once counted Rezko as a friend and fundraiser, as the likely Democratic presidential nominee heads into the general election campaign against Republican John McCain.
“I’m saddened by today’s verdict,” Obama said Wednesday. “This isn’t the Tony Rezko I knew, but now he has been convicted by a jury on multiple charges that once again shine a spotlight on the need for reform. I encourage the General Assembly to take whatever steps are necessary to prevent these kinds of abuses in the future.”
Wretchard goes on in quite a bit more detail; then asks the extremely pertinent question: “What brought Auchi to Chicago? And what brought Rezko to Iraq? There are still lots and lots of places besides Sarah Palin’s tanning bed where the spotlight needs to shine.”
But pertinent questions are actually considered impertinent by today’s absymally uninquisitive and remarkably partisan mainstream journalists, who appear to be willing to overlook anything the Holy Obama has done, preferring to focus on the hairstyles, tanning beds and other inconsequential ‘scandals’ of Alaska’s extremely popular Republican governor and vice presidential nominee.”
http://drsanity.blogspot.com/2008/09/hairstyles-and-tanning-beds.html

It is absolutely amazing that the McCain campaign has blocked media access to Sarah Palin, whom few people. The people so enamored with Palin do not love her as a candidate, they love her as a construct, and a diversion to a weak McCain and stronger Demcratic national voice.

Mary,
You are exactly correct. The Republicans have stymied every attempt by Democrats to enact any change. I am sick and tired of the current obstructionism that is pervasive in Washington.

JHW: you are as full of it as Mary is! Barney Frank and Chris Dodd are the two most responsible for overseeing of Fannie and Freddie…McCain should vote no and then let the cards fall where they may…Americans are sick and tired of the Dems blaming everyone but themselves…and Pelosi should have her butt yanked out with them…The Repubs are trying to make sure that the Dems do not add more tax and spend than what is called for….you both probably are the ones looking for a handout too! try working and saving…maybe you won’t need a handout! I do not want the government to control everything in my life….and responsible people don’t want that either. If you want to live in a socialist country…move to China!
And take that idiot Obama with you!!

Democrats won’t be happy until Big Brother controls everything and there’s an intern under every desk. Let’s just give the titles of our houses to those who are “less fortunate.” That way we can eliminate the middle man (the fed. gov.).

Those of you who keep on talking about McCain not going along with this bailout. I have a question for you, if someone in your family ask you for $700,000 to go invest in the market. What would you do? Please grow up and be smart, it is foolish to hand over $7 BILLION DOLLARS to someone and have no control over it… Think people, think???

One should look at what a person does, not especially what one says. Self-serving statements , lies, whatever won’t make much difference when looking at track records and so forth.
Not an economist, I am thinking of getting chickens and turning the yard into a veggie garden. And wearing my out of style, ragged clothes. I don’t remember the Depression too well, since I was young and all the people my family knew were in the same boat. But they survived, and thankfully , never had to relive those days, but it looks like their kids will.

If you are wondering how we got where we are in this crisis then read this. I will say there are Republicans that are just as guilty but the Dems share the lion share
Buying Friends In High Places
Over the span of his career, Obama ranks No. 2 in campaign donations from Fannie and Freddie, taking over $125,000. Dodd, head of the Senate Banking panel, is tops at $165,000. Clinton, ranked 12th, has collected $75,000.
Meanwhile, Freddie and Fannie opened what were euphemistically called “Partnership Offices” in the districts of key members of Congress to channel millions of dollars in funding and patronage to their supporters.
In the space of a little more than a decade, Fannie and Freddie spent close to $150 million on lobbying efforts. So pervasive were their efforts, they seemed unassailable, even during a Republican administration.
Yet, by 2004, the crony capitalism had gone too far. Even OFHEO issued a report essentially criticizing Fannie and Freddie for Enron-style accounting that let them boost profits in order to pay their politically well-connected executives hefty bonuses.
It emerged that Clinton aide Raines, who took Fannie Mae’s helm as CEO in 1999, took in nearly $100 million by the time he left in 2005. Others, including former Clinton Justice Department official Gorelick, took $75 million from the Fannie-Freddie piggy bank.
Even so, Fannie and Freddie were forced to restate their earnings by some $3.5 billion, due to the accounting shenanigans.
As we noted, those who tried to halt this frenzy of activity found themselves hit by a political buzz saw.
President Bush, reviled and criticized by Democrats, tried no fewer than 17 times, by White House count, to raise the issue of Fannie-Freddie reform. A bill cleared the Senate Banking panel in 2005, but stalled due to implacable opposition from Democrats and a critical core of GOP abettors. Rep. Barney Frank, who now runs the powerful House Financial Services Committee, helped spearhead that fight.
Now, with the taxpayer tab approaching $1 trillion or more, we’re learning the costs of crony capitalism.
In the coming days, an IBD series will look into this phenomenon in greater detail — how we got here, who’s responsible, and why nothing was done.
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rfb8216: Yes, as far back as January, 2007, Senate Minority Leader Mitch McConnell from Kentucky made it clear that he would assume the role of Senate Obstruction Leader by insisting on a 60-vote supermajority, rather than a simple 50-vote majority, for getting bills through the senate. His abuse of power to block the majority will on legislation is unprecidented. The bad thing is the people of Kentucky love him no matter how much he’s screwed their state and their people!

— Because this is a TRAP, idiot! The Republicans are going to force the Democrats to rush through the largest bailout in US history and then they are going to vote NO and claim to the taxpayers that it was done because of the “tax and spend” Democrats. McCain’s plan was to vote NO and then to argue with the American taxpayer that he was the only true maverick, that he stood up to Bush, and that Obama is the one who already raised taxes. IT’S A CAMPAIGN PLOY, brilliantly devised by Karl Rove! Only this time, the Democrats wised up and said, nope, you’re not leaving us to hold the bag! Finally, the Democrats get tough!
Posted by: Jerry, Plano, TX | Sep 23, 2008 6:35:33 PM
————————–
That’s a very good observation and insightful post, Jerry. Thank you!
I have a question: What do you think the DEMS will do next, and what will be Obama’s stance (assuming the DEMS are aware of the trap)? Bryan” ******************Well, first of all, they are demanding that McCain take a stand before the vote so that the Democrats aren’t left hanging out to dry. But I think what the Dems should do is say, Wait a minute, let’s put the brakes on. Not a good idea to pass this kind of legislation so close to an election. Let’s give you $50 billion to start with, and you come back in 2 months and tell us how it’s going and what you need and we’ll talk then.” That’s what I would do. I sure as heck wouldn’t give a lame duck PResident $700 billion just so his party’s nominee for President could hit me over the head with it and win the election on this issue alone!

McCain = DISHONORABLE; Palin = SCARY!!!

let the cards fall where they may. No one should support this crazy bailout.

Howard, Sarah can scare me any day of the week.

mfmros: “Americans are sick and tired of the Dems blaming everyone but themselves”
So says the guy who is blaming the Democrats for everything – even though it’s been a Republican administration for almost 8 years and a rubber-stamp Republican Congress for 6 of the last 7. Well, before you followed John McCain into irrational juvenile insults and easily disproven lies that is.

Joey said: “One word: Gravitas.
Notice that even the Democrats won’t vote for it unless McCain does. Nobody cares about Obama’s vote, they only care about what McCain’s is going to do. They instinctively follow the leader, that’s why it’s called leadership. Obama who?” **************************** NOT EXACTLY, EINSTEIN. The Democrats are calling John McCain’s bluff because they don’t trust him. They know that he was planning to vote NO on the bill at the last minute so that he could argue to taxpayers that he was the maverick and that he stood up to the Bush Administration. While the Democrats and Obama were working under the assumption that this was a NATIONAL issue and BIPARTISAN, they learned that the Republicans — specifically McCain and Karl Rove — were planning to use the issue to try to win over angry voters — and, if you’re like me, you know there are a lot of angry voters out there. Bush was asking for a bipartisan vote, but McCain was going to make his distinctly partisan.
THIS WAS THE OCTOBER SURPRISE! This one issue could have won the election for McCain — Obama and the Democrats voting YES (in good faith) and McCain and the Republicans voting NO and then turning around and using the Yes votes against the Democrats and pinning all of the blame on the Democrats.
We’ve wised up to Karl Rove and his tactics. I think it’s time for Karl Rove to leave Washington.
And, for the record, this is not a sign of RESPECT for McCain, IT IS CALLING HIS BLUFF BECAUSE HE’S NOT RESPECTED!

Usally a poor economy results in the democrats winning but this election is going to be different. The Dems have their hand in the Freddie and fannie cookie jar and this is starting to come out. Obama is tne second biggest hand in that jar and his hand is stuck. This is going to open a lot of peoples eyes.

Why would the Democrats be following McCain’s lead on this? Senator Obama, who tells us he has the ability to lead the country, is nowhere to be found. Even Democrats aren’t looking to him! What a farce this article is. It’s obviously intended to place whatever political fallout there may be with John McCain. Clearly Stephanopoulos, Bill Clinton’s former press secretary, is trying to “set up” John McCain – so McCain gets the blame for whatever happens. What a biased and wicked MSM there is in the U.S.!

Blackmail by the Democrats, what else is new. So what is Obama’s vote? Guess his doesn’t matter since he’s just a Jr. Senator. What about Biden’s vote? He doesn’t matter either since he’s too busy making gaffs on his own ad campaign. I’m confident that John McCain will have the guts to do the right thing. Let Obama and Biden sit it out as usual. We’ll see who is ready to lead.

Jerry, you cannot cover up Obama’s past with freddi and fannie. What are you going to do about that?

The old man instead of
getting better with age
and doing what’s good for
the country has become an
obstructionist.

What a joke the Democratic party is. They have again
positioned themselves to hope America drowns. This time its Wall St. NY, instead of Haifa St. Baghdad. I’d rather kill myself then hope ill of my nation for political gain. John McCain 6 years in torture prison for his country. Barack Obama 6 years conspiring with William Ayers and his communist, black militant think tank. Obama is stupid because he actually thinks he has a chance of winning in October.

PLEASE, PLEASE, PLEASE Democrats, now tell me that Senator McCain is out of touch with the avergae Joe. Your leadership wants “McCain’s” okay before approving the Bailout. WOW!!!! and now you have to live up to Obama’s biggest mistake, taking on Biden whom EVERYONE knew had a big mouth and has a history overstepping his bounds. I will laugh all of the way to the voting booth.

RedAl said “Here is a little Civics lesson for you, you f***ing moron. They need 51 to pass it. They need 60 to override a veto in the Senate.”
Sorry, but this is wrong too. In the Senate it takes 2/3 to pass a bill or override a veto. There are 100 senators, 47 Dems, 47 Repubs, 2 Ind.
It takes a simple majority to pass a bill in the house. It takes 2/3 to override a veto. There are 435 members of the house.
Also, they can not override a pocket veto. Class is out.

The first red flag is the emergency angle (the whitehouse admitted today they’ve had this plan readied for months) throwing it at Congress just before they adjourn is exactly how we ended up w/ the Patriot act & that legislation has been the single most destructive piece of legislation to our freedom.
The authorization for Iraq was done in similar deceptive fashion. I don’t think we the people are convinced after haveing a couple days to think about it that this is appropriate. But making sure Mccain is on board with any “plan” would at least insure it can’t be used to steal the election…

The Dems got us into this mess. Do your research. Bush lobbied to change the way FM and FA were managed in 2003. McCain in 2006. No one listened. Look at the political contributions they made to the DEMS…Especially Barack.

McCain has already come out FOR the bail out.

For someone who is relatively inexperienced, Obama at times, comes across as someone who talks and acts big. Perhaps, he is trying to fit a shoe a size too big for him!

I hope he votes no! A depression would be good for our country. Many of our parents went through the Great Depression and WWII and look how great most of them turned out. It builds character!

The market needs and adjustment and included in that market adjustment a neck adjustment for all the CEO’s and their cronies who have miked the American people along with the help from all our politicians, Dems and Repubs, alike. Many of them deserve to be tried and hanged for treason for weakening this country for profit but no one will bring the charges because they are all accomplices and we deserve to struggle in a recession or even a depression for having stood by with our hands out and our heads turned away as they did it to us.

Part of the problem is that the supply of housing finally caught up to the demand. The cycle of buying houses on spec with the intent to sell before the higher payments kick in works well, but only so long as the property value continues to increase. For years we were able to keep the demand higher than available housing supply by increasing the population. We increase the popluation by encouraging immigration, people who come to America with little income who, with little more than a pay stub, qualified for a Sub-Prime loan.
I know it sounds like a conspiracy, but it does explain why both Bush and McCain initially opposed immigration reform a couple of years ago. They knew the financial consequences of cutting the demand for housing, and the subsequent loss of housing values, would result in the situation we face today.

Correction – 49 Dems, 49 Repubs, 2 Ind.

It appears from poll data that the people blame congress — both parties equally.

The Dems should say, “Hey, don’t be BS’ing the nation that if we don’t sign then we are to blame for what you neocon thieves have done for the last eight years.” The Dems should create a completely different alternate plan that approaches the problem more the way FDR did, invest the money into Americans and not into that corrupt bastion of crooks running Wall Street– Paulson and Bernanke and all the rest of them are part of that, to hell with Wall Street, let them finish gouging their potholes in it. Dems, why aren’t you standing up and fighting, say Bipartisan yes, but OUR bipartisan plan and not yours since you are about to get your asses kicked out onto the potholed street. Americans would actually appreciate this, and you will gain strength by arguing it and pushing them back. If a few weeks or months is somehow going to make a GIANT difference, we’re screwed anyway, so spend that 700 billion on Americans, not on those greedy bastards. There are many ways to create the plan that fulfills a democratic vision for rebuilding the economy– or are you guys all bought out and in bed so that there’s no damn difference between the parties anymore?

Cut and paste —————>>> http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=290261427780&_trksid=p3907.m32&_trkparms=tab%3DSelling

McCain needs to oppose this bill in order to distance himself from Bush which Obama has thoroughly tied him to. It’s all political for McCain with his 8 homes and 13 cars. He doesn’t give a d@mn about the common people.

McCain is acting hasty again, just like when he rushed to war with Iraq and selecting Palin in a hurry without thinking and getting needed knowledge. Obama is doing the right thing. You can’t make a decision on the economy until you know what is going to happen and have all of your facts.

We don’t have a choice! The government will be able hold the real estate they are being forced to deal with and sell it in the future and recoup some of this money. I do agree they should limit the amount of money any of these CEO’s receive. Both Obama and McCain should get together with Bush and come out and get behind this -let’s see if they actually care about the country more than their political careers. This isn’t to help the fat cats on Wall Street this is to keep the economy going for us–so there is money there to buy a house,send your kids to college, get a car etc.

I think we have to bail them out. As you can see, Fannie and Freddie are closely tied to our government. Fortunately, there is property behind most of these mortgages, so there should be some recovery and the taxpayers won’t have to eat it all. Don’t let the democrats add anything to the bailout bill however.

Dear John McCain and every CONGRESSMAN/WOMAN & SENATOR
This letter is to express my extreme displeasure as a law-abiding, hard working, tax-paying citizen of the State of Massachusetts and the United States of America that the Congress is considering – no, has nearly given their approval to – a measure which will in essence provide a bailout for the irresponsible companies on Wall Street which gambled big and lost. No individual in this proud nation is given the type of assistance that these huge banks and corporations are now set to receive. We, the Middle Class of the United States of America, your constituents, will be watching with great interest to see who among you votes for this irresponsible, immoral, and frankly despicable package which burdens our children and our children’s children with the debt created when greedy lenders bent the rules too far. I will personally vote AGAINST any member of Congress, regardless of Party Affiliation, in this election and upcoming elections, who gives their approval to this heinous and disgraceful use of our hard-earned tax dollars, and will work with absolute determination to ensure that my friends, family, and neighbors do the same. Stop lying to us about the lack of Federal funds for things such as universal health care and better education – both of which would be improved a hundred times over by such a massive infusion of funds – when such a staggering amount of taxpayer money appears to be available to give these irresponsible institutions a free ride. Most Sincerely,

I can’t believe there are so many ignorant people out there who will apparently vote.
We will truly get what we deserve (once again) if 4 or 5 percent of them fail to see thru the political machinations of John McCain & Co.
I am not heartened by what I read here.

This is just a media report. I haven’t heard anything from the leaders of the House or the Senate saying they are waiting on John McCain’s decision. Don’t believe everything you read in a press report. Remember they are trying to get as many people riled up over anything to keep readers and bloggers active. I don’t give this story much if any credibility.

I can’t believe there are so many ignorant people out there who will apparently vote.
We will truly get what we deserve (once again) if 4 or 5 percent of them fail to see thru the political machinations of John McCain & Co.
I am not heartened by what I read here.

Make up your mind dems! You criticize McCain for voting with Bush, but when he speaks his mind and won’t vote you condemm him. The man is right, we all should be concerned with this bailout as we are the ones paying for it. The dems won’t vote yes unless McCain does. What kind of idiotic remark is that. Once again where is Mr. Obama. Present I guess.

Email your Congress Person and Tell Them “NO MORE BAILOUTS” ——– http://www.visi.com/juan/congress/ ———- Go here and find your senator by zipcode. ——- Send a message to your Congressmen. ——it works great ——– Tell them NO MORE BAILOUTS NO MATTER HOW LOUD BUSH AND PAULSEN SCREAM NO BAILOUTS PERIOD OR WE WILL VOTE EVERYONE THAT SIGNS ON THE BAILOUT OUT OF OFFICE IN NOVEMBER ————————————————————————————————————————————————————————————————————————————————————————————————————————– send to these as well —————-Go to http://www.congress.org/congressorg/home/ —- or here —- http://www.house.gov/ — or here — http://speaker.house.gov/contact/ —– or email here —– comments@whitehouse.gov ————————————————————————————————————————————————————————————————– I would like to throw a shout out to Senator Jim Bunning of Kentucky as he is leading this fight against the bailout for the people. If we could send him an email with a word of Thanks I am sure he would appreciate it.

NO BAILOUT PERIOD. McCain needs to do the right thing and flush this monstrosity down the toilet where it belongs.
They’ve been shoveling this easy credit down our throats like consumer geese making foi gras for their enjoyment at our expense. And suddenly we’re a welfare nation for the elite? I’m past wanting to puke.
Now it’s just hard dry heaves and a dark feeling that the “crazies” with all their conspiracy nonsense might not be so off the mark.
Do the right thing Senator McCain, and bury this thing in the shallow grave it deserves.

ROFL ! This article along with the Dem’s in Congress… omg could you try and use a paint gun to go after McCain?
Obama is not getting the job done…. Here comes the rest of the left wing to the rescue.
What’s really amusing, I’m a Democrat! lol

Even Obama is watching and waiting until he hears McCain. He always waited to hear what Hillary’s position was in the primaries before making his position know.==Susan
No, Susan, Obama has been out front about this since last Friday. In good faith and with the good of the country at heart, Obama said he would work with Congress for a bipartisan plan that would address the crisis as long as there were sufficient safeguards. McCain? Not a word. Why? Because he’s waiting until there’s enough Democratic votes to pass the darn thing, then he’s going to vote NO so that he can argue to Americans that he is the maverick, that he bucked the Bush Administration, and that he won’t raise your taxes while Obama will get all of the blame!
Nope, not gonna work this time, Karl Rove. No, this time, EVERYONE shares the pain — Democrat and Republican — or no bail out plan. It’s that simple. The Democrats aren’t going to commit political suicide by voting for a bailout urged by Bush just so the Republicans can hit them over the head with their votes. Either Republicans — including McCain — agree to this “bipartisan” proposal, or there is no proposal.
McCain’s hand has been forced. He has to take a stand. He cannot use this for political gain, although that’s exactly what he was planning to do. So sorry…..

How about give the $2300 to each american. That will stimulate the economy. Not the ones that got us here in the first place. Now give them more money to squander?

Why is it they are all waiting for McCain’s vote? Wait Obama will know what to say if someone puts a teleprompter in front of him!!

What a chuckle for you republican homers, read this poll, America knows who got us into this mess!!
Which party is more to blame for the U.S. financial crisis?
Democrats 28% 91679
Republicans 72% 236870
Total Votes: 328549

Bearsr154- those are the results of the Clinton New Network (CNN for the idiots). lol. There is no chance that the American people will not see those the liberal ruse.
Obama is not the great hope of the liberal party. Just a sham of the media.

Efeosa Idemudia – Let the banks fail, let Wall Street fail. Two things for sure… the economy in the toilet, and millions of Americans will lose their 401K’s, their retirements, pension funds for the Teachers will all go in the toilet. NOW EXPLAIN TO ME WHY THIS MAKES SENSE???????????????

Bush RETREAD…

For all you “diapered” Obama supporters: The truth is in 2005 Alan Greenspan warned of the lax loan “regulations” in place at Fannie Mae and Freddie and that it places our economy in peril….2005!!!
The same year a bill was introduced to tighten the mortgage standards which was defeated along party lines.
The Democrats stopped real reform of these institutions when it could have made a difference.
Then the Democrats forced Fannie and Freddie to loosen their standards to allow loans to poor credit and unqualified borrowere.
Where was Obama then…..
Oh I forgot Pelosi et al VOTED FOR HIM!
END RESULT: DISASTER!

Colorado – you are listening to Pelosi too much. That’s why her approval rating is bekow that of BUSH. They sit in their offices and now are waiting on McCain to save their collective backsides; all the while voters like you do not read the facts.

Efeosa Idemudia – Let the banks fail, let Wall Street fail. Two things for sure… the economy in the toilet, and millions of Americans will lose their 401K’s, their retirements, pension funds for the Teachers will all go in the toilet. NOW EXPLAIN TO ME WHY THIS MAKES SENSE???????????????
“In the case of employer bankruptcy, all 401(a) (pension and defined contribution plans) and 401(k) plans are protected, because of the rule that contributions must accrue to the exclusive benefit of employees in general.”
It’s probably better in the long run for some middle-class Americans to take some losses than continue on a merrygoround of inflation and depreciation of the currency. In the long run, the rich will take the biggest hit from not bailing out banks and lending institutions, plus we could take the money and compensate middle-class Americans for their losses and save billions on bailing out the billions that the rich would lose. It makes sense not to bail out big business, they aren’t our masters, but they soon will be, and it will never be the same in America after the bailout.

McCain true maverick…..but not country first….he would rather win an election than avoid a recession…Go ahead, John….drag your feet…then you can retire to one of your 9 houses and drive one of your 13 cars around in retirement…

McCains anti-bailout, is OIL TYCOONS GOLDEN PARACHUTE.
Anti-1st admendment
anti-2nd admendment
anti-bailout
anti-AMERICAN
PRO-OIL
Do NOT vote McDictator

Democrats!!!!Republicans. Which has the lower opinion. Alas it is congress.The Democratically controlled congress.It is greeeeeeedy politicians that established these institutions and this same greeeeedy body had no intentions of helping “We the People”. Only trying to keep their prcious little seats in congress and using it to make megabucks. This goes on in both parties. Put them in a bag. Shake them up. Pour them out. They all look the same. They are now trying to help “We the People” again. I think not. If we go into a recession; Me thinks we are already there according to what most people are feeling in their wallets. They are afraid of a depression and that could put most incumbents out of office. This bailout is a congressional CYA and will do little to help the economy but put us at a bigger debt for out children to face. Who is going to bail out the Federal(NON)Government? Money is only paper. This will truely put us on the road to hyperinflation. Our dollar not worth using for TP. This coutry need a good dose of reality when it comes to “Paying the Piper” The day will come. We reap what we sow. Usually more than we sow but always later than we sow. Thus we curse or nation for generations that follow. Why should I care? I,me,mine will be dead and gone.
This is definately a I,me,mine congress. Thinking any other way than this does not even enter their greeeeeeeedy little thoughts.

Loans will still be available, but they’ll be a little harder to get, meaning not every entrepreneur with a bungleheaded idea can get a loan, but someone with a solid business plan and perhaps some collateral can get a loan. It won’t stop lending and credit if we don’t bail these morons out, and anyway, I think we have been conditioned to live too much on credit. Want to buy a home? Scrimp and save for several years to build up a downpayment, stop using credit cards and start thinking about what you need vs. what you want. We shouldn’t bail out these greedy criminals, no we should not I assure you, it is a mistake for many reasons. The average American already lives for check to check, it won’t hurt us, but it’ll teach those irresponsible bastardsd a lesson if they take the fall they deserve. The higher you rise, the harder you fall, but the average American already has his feet on the ground– or it’s a height that might sprain an ankle.

Boy you Republican fools will just not own up to your mess. The Democrats in congress didn’t have enough time to create this mess. All these corporations have been fudgiing the books under Bush’s watch for the last eight years. This didn’t happen over the last two years.
And for those of you who keep saying Obama has said or done nothing, you need to do research and stop repeating stuff that you hear, then trying to ast like you’re an authority. If you go to fox news, you will find a very detailed response from a man that takes time to assess the situation, and find viable solutions that will help most if not all of the hard working people rather than a select few, unlike McCain that shooots from the hip before he even knows what he’s shooting at. Sorry abc, but I try to get my news from as many sources as possible, and I couldn’t be quiet on this one.

You guys are a bunch of tools. A bunch of hacks. I am a democrat, and am frankly embarrassed by the (our) congressional leadership. Again. Pelosi, Reed, et al are once again exercising WEAK leadership. See, if McCain votes against the bailout, and other republicans follow suit, then the dems say they won’t vote for it either. WHAT??? Basically, they are afraid to vote their CONSCIENCE on the bailout. They are afraid of being out there alone, gasp!, disagreeing with the republicans.
I for one am impressed with McCain’s reservations. I mean, how many times with our (low IQ?) populace be panicked by this administration into following the Pied Piper that it GWB. Everything this administration has said (EVERYTHING) has been flat wrong or a total snow job. And yet, when they are exclaiming about some new fear, everyone is supposed to jump. Again. AGAIN. Has this country not heard of the little boy who cried wolf??
Now, it is possible, by the law os averages, that ‘W’ group MIGHT be right this time. So we should think about it. Like McCain is doing.
Last thought- this crisis has been a long time coming. So why in the hell, after 10+ years of the impending fall, have we waited so long to do ANYTHING about it that we only have a WEEK left to fix it. WTF?
Good Damn Grief.

I thought McCain said he knew how to fix this mess that the republicans created. Now he`s saying he doesnt know how he`ll vote. Geez!!!!!!!!!

newvoter: Yes, blame the Dems. Don’t just repeat what Obama says. Be a responsible voter and do your homework. There is plenty on the internet (neutral sites) that explains the current situation and how certain Democrats created it. You will also find that the Bush administration wanted do something about Fannie and Freddie back in 2003 but were stopped by a few Democrats.
There are a lot of people to blame for this crisis, but Bush and McCain should not be on the list. Both proposed fixing Fannie andFreddie years ago.
For the Dems that do not understand how Fannie and Freddie are at the heart of this, just consider they are holding about $1.4 trillion in mortgages. They have been, at the direction of Dems, writing and buying billions in sub-prime loans for low income families to comply with a Democratic agenda of providing affordable housing to as many people as possible. Now we, the people, will have to pay the awful price for this foolishness.
The failed policy in this case is yet another liberal idea gone bad.
When politicians talk about give-aways, like national healthcare, think about Fannie and Freddie and remember that whatever they promise you will be paid for with YOUR money.
This is a complicated issue so don’t just fall in line with your party. If we do that, we repeat the same mistake again someday.
Reward the people who got this right even if you have to hold your nose when you do it. Punish the people who screwed this up no matter what happens to your party.
McCain and Bush got it right. Its a matter of public record. Barney Frank and Chris Dodd got it wrong and pretect Fannie and Freddie from regulation.

The GOP can put Geesus and The Pope on the ticket and I would take a pass. I’m done with the divisiveness. If you want to be in denial, then you are entitled. This topic alone is a testament of the broad difference in philosophy between the two parties. One party wants to take care of a few and the other party wants to take care of the many. When they adjust their platform to include tolerance of the other half of America then they can approach me. This election boils down to political ideology not ndividual votes or positions. If you believe that you can rise to a point where you are above the Constitution, that it is ok for soldiers to die in Iraq until you come up with a “winning” definition of “win” and if you think you know what is best for everyone else then vote for the GOP.

McCain’s in the right again, and wasn’t it McCain in 2005 that tried to pass legislation to rein in Fannie Mae. Wasn’t it Chris Dodd (Democrat) the chairman of the Bank Finance Committee that shot it down? Wasn’t Chris Dodd like the #1, or #2, recipient of campaign money from Fannie Mae? There needs to be a major investigation, and assets need to be frozen. Hmmmmm…….McCain ya got my vote!!!

To Monica, Present,BJ and the rest of you who are posting without reading/watching ALL the news re: this issue……….the ONLY reasonMcCain’s vote is necessary is because the Republicans (as usual) don’t want to vote yes if McCain votes no and vice versa. The reason? If they don’t vote the same way he does, they’re afraid he’ll be on the campaign trail talking against the plan. And since so many of them (Repubs)are also up for re-election they don’t want that to happen. They actually want him to vote no so that in November they can all blame Bush and Obama and run as reformers in Washington. Typical if the right wing Republicans who think only of their own survival! Voters-do your homework before you help sink this country.

Ruh-roh. Time for the John McCain Theme Song:
“Crack that whip
Give the past the slip
Step on a crack
Break your mommas back
When a problem comes along
You must whip it
Before the cream sits out too long
You must whip it
When somethings going wrong
You must whip it
Now whip it
Into shape
Shape it up
Get straight
Go forward
Move ahead
Try to detect it
Its not too late
To whip it
Whip it good
When a good time turns around
You must whip it
You will never live it down
Unless you whip it
No one gets away
Until they whip it
I say whip it
Whip it good
I say whip it
Whip it good
Crack that whip
Give the past the slip
Step on a crack
Break your mommas back
When a problem comes along
You must whip it
Before the cream sits out too long
You must whip it
When somethings going wrong
You must whip it
Now whip it
Into shape
Shape it up
Get straight
Go forward
Move ahead
Try to detect it
Its not too late
To whip it
Into shape
Shape it up
Get straight
Go forward
Move ahead
Try to detect it
Its not too late
To whip it
Whip it good”
- G. Casale, M. Mothersbaugh

Thanks Republicans! Another Bush mess that we all get to pay for to clean up.
So much for McSame and his deregulation claims. Check his voting record online. Check out this video clip of his interviews. http://www.huffingtonpost.com/2008/09/23/john-mccain-the-fundament_n_128496.html

Well, I don’t believe this. Gingrich calls McCain up today to tell him to politicize this issue. Make it look like McCain’s the populist maverick who rails against the bailout. Isn’t this just nice. Here the country is facing a horrific collapse of its financial standing if a wrong move is made, and McCainites want to just make hay politically. Kind of gives you goosebumps all over, you think?

This shows Senator McCain is the right leader. He tried to properly regulate Fannie and Freddie in 2005, the democrats stopped this and look what happened! Now, Senator McCain is very very wise regarding this 700 billion bailout. McCain is a wise leader.
Country First with McCain.

This sounds like a good McCain strategy. Screw your own party leaders because you think that it may help get elected. With leaders like this, who needs enemies.

john, you must be forgetting the way politics and Washington works. Why should the Democrats in congress take the lead for a mess that was created by the Republican controlled congress of the last two terms, as well as a Republican president for the last eight years. If they take the lead, they may as well slit their wrists and bleed out, because when this bailout doesn’t work, they would get the blame. Let the maverick and his friends and colleagues that created this mess own it and try to fix it. They know it won’t work, and that’s why they were so quick to come up with it, just like McCain had his quick solution, then America will blame the leaders in congress and put the foolish Repubs back in control. It is political theater at it’s best. Who in their right minds would really wait for McCain’s decision, the man doesn’t even know the difference between Spain and Mexico. What an old fool!

“If McCain doesn’t come out for this, it’s over,” a Top House Republican tells ABC News.
WHOA – !
First Clay Aiken, now McCain?!?

The democrats should let senator McCain decide this bailout and the right amount of money and content in this bill, as McCain will be the next president!
The democrats have been paid off by Fannie and Freddie.
examples:
Obama – $126,000
Dodd – $166,000
The democrats caused this mortgage/banking problem.
McCain/Palin in ’08 & ’12

Who is really putting campaign ahead of country, here? Exxon-Gramps McSame has been consistent with his lies, pointing the finger at Obama- all the while HE is the one who has the mood swings and has trouble controlling his temper. There’s something very wrong with this man.

Is it just me? They just interviewed Iran’s president on Larry King. That man sounds like he has a clearer picture and understanding about our country and economy than the idiot sitting in the white house. Just an observation. When he talked about Bush, the American people, and the economy he was dead on 99 percent of the time. He doesnt sound like a threat and brings good points up. Maybe we are looking the wrong direction as far as a threat goes.

i mert you at the rally in miami at the intercontinental hotel with charlie christ and bride to be . please do not bail out these ruthless people because i believe you are a true great white hope for america. as a business leader and friend of charlie christ the pie man of labelle let the americans reun ite and get off their ass and go back to work. i know you ran for office to help america and we do not need a bailout. we need a good kick in the ass for waistful government that goes not have a clue. thiw is worse than the bridge to knowhere and sen stevens should be punished. i have worked hard on your campaighn and hope you7 say no to the bail out god bless america. the land i love like you do.

LOL…McCain’s campaign mgr taking $$$ from Freddie Mac up until last month.
http://www.huffingtonpost.com/2008/09/23/freddie-mac-paid-mccain-c_n_128770.html…maverick indeed….

You idiot gas and oil party people…the dems have been in power for 2 freaking years….YOUR GUY…the village idiot from Crawford and Keating 5 McCain as well as Phil Enron Gramm can take responsibility for this one…

When Senator McCain speaks, everyone listens. Nobody is waiting on Obama’s opinion regarding the democrats mortgage mess!
President McCain – get use to it !!!!!

I say no bail out. Let the chips fall as they may and build a stronger, mor honest America. Why, one again, should the tax payers bail out the wrong doings of big Gov and corps. If we bail them out is may not even work. Dont let Bush scr&w us again. This whole bail out is a bad idea.

The freshman, part-time, senator Obama, is waiting on McCain’s viewpoint on the bailout, as it should be. McCain has the knowledge and wisdon in government matters. Senator McCain has proven, he is man for the job.
Our future leaders:
President McCain
Vice-President Palin

Funny how ABC is questioning McCain regarding his choice on the issue of “bailout” and blaming “him – one man” for the fall out. Where are the questions to the management of these firms that have made millions of dollars on “our retirement money?!” Corporate jets, many vacation homes, cars, vacations, etc, etc, etc. Please, ABC, get off the partisan bandwagon and start reporting something that is somewhere in the neighborhood of our universe as far as truth!

Country First!
That is unless you need to play politics and waffle and flip-flop. Anything to get elected Senator McChange. Poor, grumpy, angry, old man doesn’t know what to do. What would your savior Sarah Palin do?
Uh, did he mention he was a POW? Yeah, for five and a half years.
Go retire already old man.

Another idea would be to bring our troops home and quit dumping billions in to Iraq. Oh yea, thats an old idea and it must not be the right thing to do because Bush said so. Does anyone else feel like ,we the public have been lied to over and over by Bush? I just listened to the President of Iran on Larry King. He doesnt sound like a bad guy and to be honest, if we took his advise and quit policing the world and throwing our money at other countries we wouldnt be in this situation. I say dont give Bush one more red cent nor listen to one more of his lies.

When you have a big problem, you send in your best man, soon-to-be President McCain.
I would sooner trust Gov. Palin than the tax-and-spend democrats. She has real experience in finance matters, as the governor of Alaska. Unlike the comminity organizer, he will spend your money and your childrens money and grandchildrens money..

McSenile/Palyin what a ticket!
You fools ponder this. McCain graduated 894th in his class of 899 at the Naval Academy. He was only smarter than 5 other people in the entire class…hmm. Talk about barely squeaking by. Then Palin, flunked out of college after changing schools five times, then went to community college to try to pass the courses she couldn’t at the 4 year college, and what was her area of study! Journalism! Now I am not knocking the Naval academy or people in Jounalism, but this pair, was less than average in either discipline, and we think they have the brilliance to lead us. What does that say about you who want them to lead? I would be wondering about your exploits in school myself. This is so ridiculous that they even made it this far. I sure wouldn’t want my kids looking to those two for inspiration or as role models, would you?

$700 billion?… Mmmmm sure… This from the same people who said Iraq would cost us $50 billion.

The way everyone is looking to McCain they must have come to the realization that he is the next president.
Posted by: Bob | Sep 23, 2008 10:18:12 PM
———————————
I have to agree. Senator McCain is looking more presidential everyday.
Obama who?

This is not the time for a affirmative action educated person like Obama. He failed to pass his entrance test for college and the only way to get into college was “affirmative action”. Yes, the tax payer footed the bill for Obama, feel better?

S.190 A bill to address the regulation of secondary mortgage market enterprises. The bill that could have helped divert the Fannie/Freddie mess was opposed by Democrats in 2005…Follow the money from the likes of Freddie and Fannie and it leads to Obama, Clinton, and Dodd…Co-sponser of the bill John McCain.

I am certain that the 3 AM call will be answered by President McCain.

The democrats are refusing to vote for the bill if McCain won’t because then they can blame McCain if things don’t go well. Also, if McCain votes yes and the democrats vote yes, then the democrats also have someone to blame for the problems that arise from a politicized bill. Now who do you think is playing the political game? McCain or Obama? Do you really want politics involved when it comes to our future?

Email your Congress Person and Tell Them “NO MORE BAILOUTS” ——– http://www.visi.com/juan/congress/ ———- Go here and find your senator by zipcode. ——- Send a message to your Congressmen. ——it works great ——– Tell them NO MORE BAILOUTS NO MATTER HOW LOUD BUSH AND PAULSEN SCREAM NO BAILOUTS PERIOD OR WE WILL VOTE EVERYONE THAT SIGNS ON THE BAILOUT OUT OF OFFICE IN NOVEMBER ————————————————————————————————————————————————————————————————————————————————————————————————————————– send to these as well —————-Go to http://www.congress.org/congressorg/home/ —- or here —- http://www.house.gov/ — or here — http://speaker.house.gov/contact/ —– or email here —– comments@whitehouse.gov ——————————————————————– I would like to throw a shout out to Senator Jim Bunning of Kentucky as he is leading this fight against the bailout for the people. If we could send him an email with a word of Thanks I am sure he would appreciate it.

I thought McCain was a “leader” and a “maverick?” Wouldn’t a leader WANT everything to hinge on his vote? He claims he knows what is best, so go for it Johnny.
Must be hard to know what to do, though, when you and your entire campaign staff are the ones who helped push the bus over the cliff in the first place, though.

Senator Biden stated during the debates: McCain is qualified to be president and I would run on his ticket.
Also stated by Biden: Obama lacks the experience to be president.
There is hope for Biden, as he was correct on these two statemants!

Tell the Democrats to take their strong arm tactics and shove it…. Let the Country go to hell in a hat basket…. Once we hit bottom ther’s only way to go…. I guess Obama hasn’t hit BOTTOM yet… So let him sink his ship…. This is BULL$HIT!…. They want him to back it so they can say oh McCain voted for it…. McCain warned everyone this was going to happen they refused to acknowledge him them and this is the time to ignore themk…. OBAMA has recieved the feedbak many times that he is lacking in voting and hides behind the “PRESENT”… Well buck up OBAMA why don’t you decide, you realyy should show alittle courage if your trying to glean votes…. I appears like your trying to hide behind someone eles and are affraid of making the wrong choice….
I think McCain should vopte “PRESENT” Obama get’s a free pass with that one…

Sounds like someone is trying to build up McCain’s credibility; something like Palin going to the UN to build up her foreign policy credential. McCain or no deal, give it a break!

Will Obama vote “present”?

McCain’s campaign manager, Rick Davis, has been on Freddie Mac’s payroll until LAST MONTH!! McCain lied through his yellow teeth on 60 minutes when he claimed Davis had not had any involvement since 2005. Davis was getting $180,000.00 per year to do nothing except provide “access” to McCain. And this went on until Paulson and Bernanke took over Freddie last month. Unbelievable!!!!!!!!!!!!!!

The DNC should pay for the bailout! The losercrats killed the bill to reform Fannie and Freddie. Obama has the money in his campaign coffers, give it to the people!

REgistered Republican: First, Obama can not vote “present”. That doesn’t exist as a possibility in the US Senate.However, a Senator can deliberately not vote.
Including being absent regularly from the Senate. Such as Senator McCain, who has been there since April 4.
So, you’re out to lunch here on both counts. Sorry.

If the democrats had listened to McCain in 2005, the mortgage and banking companies wouldn’t be in this mess.
McCain/Palin – for sure !!!!!

Of course, McCain ‘won’t be a problem.’ He’s been whoring for these clowns his entire career. McCain is on their ‘bought and paid for’ list and will do what he is told by Paulson and his Wall Street cronies. His populist huffing and puffing is for show.
Welcome to the Bush/McCain corporate fascist state…

McCain is creating his own myth. He wasn’t a leader in speaking out. The revelations were the result of a 27 month study by a congressional auditing agency. There was a general outcry when it was published. Furthermore, McCain’s name doesn’t appear on the Bill that came about because of the report. More mythmaking from McCain.

Norman: read your post again, then you might realize how ridiculous that sounds. If affirmative action got him in, what helped him pass, and be tops in the class. Think before you repeat stuff that makes no sense.
Obama graduated Magna Cum Laude in his class at Harvard Law. When you figure out what that means, then come back and tell me how dumb you think Obama is. I guess I’ll see you next year some time, if that soon.

Maybe old man McSame can commission a study to find out how he should vote? LOL Out of touch, do-nothing old fool!

McCain’s role in being the “leader of the pack” warning against Freddie and Fannie is not exactly what he’d like you to think (shades of “I was first to oppose Rumsfeld”):

sorry: link for my last post:
http://www.huffingtonpost.com/2008/09/23/freddie-mac-paid-mccain-c_n_128770.html

McCain is dishonest.

In an interview Tuesday with conservative talk-radio host Neal Boortz, Mr. McCain said, “I remember warning at that time that Fannie and Freddie were out of control and that they needed to be reined in. And, frankly, I warned that this kind of thing could lead to serious problems. Now, in full disclosure, I didn’t foresee something this huge, but certainly I saw the fundamentals there for serious problems when you have a quasi government agency acting the way they did.”
When Mr. Boortz noted approvingly that Mr. McCain had co-sponsored a Senate bill to mandate new regulations, Mr. McCain said, “I remember it very well.”
But a Freddie Mac official said Mr. McCain “never took on the role that some other Republicans did” to try to limit the companies. He named instead Senators Chuck Hagel of Nebraska, John Sununu of New Hampshire and Elizabeth Dole of North Carolina, all of whom were on the banking committee during recent years. “I remember working against a number of amendments and they were always introduced by Hagel and Sununu. John McCain was never anywhere to be found.”
A check of the records for the legislation that Mr. Boortz mentioned shows that Senator Hagel was the original sponsor on Jan. 26, 2005, and Senators Sununu and Dole were co-sponsors then. Mr. McCain did not sign on as a

This sub-prime mess has little to do with the CRA or Bill Clinton. It only goes back, legislatively, to Phil Gramm’s role in repealing the 1933 legislation that prohibited banks from also be in the financial services sector. In short, most of the regulatory procedures that had kept the industry solid (and avoided what had happened to the S&L), were removed. Second, the calamity deals mainly with the use of Adjustable Rate Mortgages (ARM), which balooned – not coincidentally – following Gramm’s Bill being signed, yes, by Clinton. The proof? In 1998 only 2% of mortgages were ARM. By 2004, it had swelled to 27%, and then the collapse. Another catastrophe you can chalk up to Reaganomics….

“Country First”….the biggest sham slogan I’ve ever heard. From the day McCain’s struggling campaign took on Steve Schmidt and his crew of Karl Rove disciples, it became “Campaign First”….The only experience McCain has is in inventing his own political mythology and doing the bidding of telecommications lobbyists. And, of course, kissing Bush’s butt.

Wow, the Democrats really have a lot of leadership don’t they? That’s why they are all waiting to see what John McCain does.
Send those cards and letters folks, McCain is our only hope to stop this boondoggle.

Abe in FL – another lie – 30,00 was more like it as attested to by police force.
McCain’s vote is already decided – that is why his a$$ is squirming all over the place -
“We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.”
- Republican Party Platform, 2008
http://politicalwire.com/archives/2008/09/23/extra_bonu…

McCain:
“Me First”

If McCain wants to remain relevant he will have to vote against the bail out. If does go along his chances will be closer to zero of getting elected the next president. This is the mother of all issues.

Once again, John McCain is displaying the attributes of what it takes to be a great leader by not falling in behind those that would sign-off on poor legislation. It seems he believes supporting the bailout is wrong, therefore he should follow his instincts and listen to his economic advisors on this one and he should not support the bailout. I for one do not want to pay for other peoples stupidity or corporate corruption, depending upon which end of the spectrum that they fall upon. If AGI cannot stand upon its own merits then it should fall. If people purchased houses they knew they could not aford then they should either sale or be foreclosed upon and not expect my tax dollars to pay their mortgage.
Used2bdemocrat

We all need to set aside our political differences and look to what is best for the country. Our country is now facing a crisis. The biggest economic crisis since the stock market crash of 1929 thatled to the great depression. As far as I can tell, McCain is on the right track with his economic ideas. I may disagree with him on some issued, but on this one he is correct.

Anna
Take a look at the NY Times for 23 Sept online. There you will find the hard figures. Over 4 yrs 2004-08employees of Freddie/Fannie gave $120K to Obama as personal contributions. Note that over the last 2 yrs Obama has raised over $400M for his campaign.
Now, over the last three yrs McCain’s campaign chairman Rick Davis’s PR firm has had $15K per month retainer from Freddie, in exchange for which Davis gave 1 speech. Furthermore, Timmons, just announced chair of McCain’s transition team, has earned $3M since 2000 as the REGISTERED LOBBYIST for Fannie.
So let ‘s see. Employees—perhaps as many as 50-60 if they all gave the max of $2300 in one yr, maybe 10-15 if the same ones gave over 4 yrs– contribute from their income—as is the right of all of us. Total about $120K, and that is “corruption”
Meanwhile, Freddie the institution pays $3.5M of corporate money—not private salaries– to highly placed McCain advisers for lobbying, and that means nothing, just taking care of bidness.
As in everything else that is coming out about McCain’s sleaze—you can’t put lipstick on this pig.
But there is hope. New ABC poll shows obama ahead 52-43. May be an outlier, may be the beginning of the end for McSame and Caribou Barbie.
Woot.

INTERESTING……………
DID JOHN MCCAIN KNOW OR DID HE LIE AGAIN.
.Two reports tonight, one from the New York Times, and the other from Newsweek, contradict John McCain’s statement this week that his campaign manager Rick Davis had no involvement with mortgage giant Freddie Mac for the last several years. The Times reports:
One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain’s campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement.

billy bob wrote basically: how come the dems are looking to McCain. Let me see if I can explain this to you. It’s a mess largely created by Republicans such as the arch-deregulator Phill Gramm. Why should the Dems take the heat if McCain won’t even vote for a bailout proposed by his party?

Freddie Mac Paid McCain Campaign Manager’s Firm Through last Month:
$15,000/Month!!!!
Folks, please re-post this at will. Lets rip this one to the top!
http://www.nytimes.com/2008/09/24/us/politics/24davis.html?ref=politics
http://www.newsweek.com/id/160561/output/print
http://www.newsweek.com/id/160561/output/print
–
Kevin B
I’m saying it now: President Barack H. Obama, Jr., 2009 – 2017
http://www.VoteForChange.com

McCain has a wide knowledge of the banking industy it’s Called KEATING 5

@Grammy Barb: too bad for your theory — Obama’s already come out AGAINST the bailout.
BTW, I had to keep checking that this article came from ABC, a ‘legitimate’ new source, since it’s so strangely written.

They are ALL crooks. We are suppose to give a trillion dollars to those people who got us into this mess in the first place to manage?? with no questions asked?? and no accountability?? and hurry up and do it NOW. How STUPID do they think the American public is? let’s take it into our own hands and EVERYBODY go on strike. EVERYONE stop paying taxes for a year in protest. Let’s take our power back.

I find it ironic that OBAMA is waiting for McCains lead to make his own decision…. One more reason to vote for McCain…. If the opponent refuses or votes present, is that what OBAMA is going to do as well??? I woun’t vote for someone who is lacking volume in his resume and can not votehis own concious…

Mccain is a great leader is aa idea that exist in your mind,what has he done to prove it,he got one of the best treatment in vietnam cos of his background,his deregualtion stand is what got us into this.lets call a spade a spade.the shuold take off their pride n ownup to their shame.anyway thats not the issue now,how do we solve this crisis.see what happens when you go off message.i dont feel sorry for the republ.infact they dont get it.

“Attention Congress”, This $700 billion bailout should be voted down! Let the next Admin. handle it.Something sounds fishy to me.

Both candidates should be required to vote on this package. The American taxpayer is owed at least this. A simple yes or no answer shows us the path that the potential candidate is willing to take to lead this country.
If one of them doesn’t vote, he always gets to fall back on, “Hey, don’t look at me for these problems. I DIDN’T vote for it.” Baloney. Let’s see where they stand.

Where is McCain’s leadership here? He says he will “wait” ? .. Huh? .. Where is this deregulator “leader”? He is TOAST .. he will “review” .. how about some LEADERSHIp here? Well, maybe because his chief economic advisor has been Phil Gramm !!! … Vote NO and let ‘er crash & burn on “principle” and we will be a Third World Country while nations with CASH will buy us up. This is a big problem. Let’s have NATION BUILDING in the USA!

The bailout is an election year trap. The Democrats are playing this exactly right. If Angry John thinks a quick bailout is essential, he should vote for it, and only then should the Democrats join him.

Two points:
1) While it can be techmically said that the Dems control Congress, we all know that if in the Senate the Dems can not get enough Repubs to vote for cloture then there is no final vote for any bill. Simply said, i the Repubs don;t agree, then no bill becomes a law.
Paulosn says that McCain “won’t be a problem”. Now lets see, insn’t this the guys who is trying to position himself as the maverick (after voting with the administration 95% of the time) and who now also does not want to be seen in any way as being tied to the Bush Administration? What do you think he will try to do for strictly political reasons? I don’t trust the Bush Administration or McCain to do what is right for Main Street.

Just so we’re clear: Paulson presents his plan, Obama comes out with a position outlining four points he believes the plan needs to win his approval, and McCain is critical all the while that Obama is not showing leadership. McCain, on the other hand, is holding back his opinion and that is being called by his campaign reps as responsible?
In other news, McCain defends Carly Fiorina ($42million for driving HP into the ground) and denies that a close campaign advisor was a lobbyist to Fannie Mae (or was it Freddie Mac?) – which is true, technically, since the checks stopped coming last month after the fed bailout. And McCain’s position is what? It’s corporate greed and lobbyists that are to blame?
Well, he should know.

So much for resolve and leadership! Mccain is playing games and does not have the guts to take a stand. He has placed the ball in the Dems court so that he can play the blame game if the public disagrees. We look to these people for sound leadership and this week it is so apparent that Mccain is a manipulator and a weak leader. He makes bad decision, has poor judgement and gambles with peoples lives. Actions speak louder than words!!

heidi-What actions is Obama speaking I think they call it rope a dope Ali was the master of it maybe obama can get him on his politcal staff

And has anyone let Sara Palin in on this financial crisis? I know she isn’t much of a reader.

if mccain & obama both don’t sign off on it, pelosi and reid should say it’s not going to happen. one or the other will be president soon and have to live with it, and for mccain to (obviously) try to remove himself from this process to play politics with the result is both disgusting and typical.

Obama received more political contribution money from Fannie Mae and Freddie Mac than any other senators…except Chris Dodd (D, Connecticut)
http://www.americanthinker.com/2008/09/obama_dollars.html
1. $120,349. Other People’s Money.
Senator Obama received more political contribution money from now-collapsed mortgage banks Fannie Mae [Federal National Mortgage Association] and Freddie Mac [Federal Home Loan Mortgage Corp] than all but one of the 353 other senators and congressmen who received political contributions from these two entities which were recently taken over by the federal government.
Even more dramatic is the fact that 19 years (from 1989 – 2008) of Fannie Mae and Freddie Mac political contribution statistics show Senator Obama received his $120,349 despite having been in the U.S. Senate for just three years. Only Senator Chris Dodd, Democrat of Connecticut — who has been in Congress for 33 years (1975-81, House of Representatives; 1981-Present, Senate) — received more.[1]

I just read through ALL these comments (time on my hands) and have been struck by how many times people on the LEFT repeat that: a) the article doesn’t say Dems are looking to McCain for leadership, only to see if he holds to his own anti-regulation stand and votes against it or makes the political calculation to go along with Bush; b) Paulson isn’t and has never been a Democrat, being a Nixon/Bush man from way back; c) McCain has opposed and fought against regulation at every turn–until he suddenly became FOR it this week; d) McCain has missed 70% of recent votes, while Obama’s vote of “present” was a designation in the Illinois senate for legislators who feel they are in some way compromised and feel it is more honorable to hold back. People on the RIGHT have responded with: a) LOL people look to mccain because they don’t trust little nobama; b) Paulson is a lifelong Democrat and the Democrats got us into this mess i know because well i just know lol nobama hides under barney franks skirts; c) mccain is a maverick american hero and stands for change unlike nobama “present” lol; and d) yeah, obama will just show up and vote present. great leadership you pansy liberals lol mccain/palin ’08. So anyway: From an objective standpoint, it’s not hard to see where the problem in this country is right now.

Any working person who votes for McCain is not voting for what is best for the country. McCsin has surrounded himself with Bush folks.
If you liked Bush, you’ll love McCain.
And the Dems are right in saying no McCain vote, no deal. The Repubs would use the vote/passage against Obama.
We need change, we do not need the old geezer and his not ready for prime time vp pick, Palin.
hy do they hide Palin? As a woman I am embarrassed and disgusted by how they are treating her. She should be held to the same standards as Biden.
Wake up folks! McCain/Palin are an embarrassment to our once great country!

McCain will do what FreddieMcDavis tells him to. What is left of his mind has been taken over by the greedy, power hungry to win, by the way these same people do NOT want all the skeletens in the closet to be let out.

McCain wants to vote against the plan because he wants to be able to say, “I didn’t vote to bail out Washington with your money!”
He would love to be able to say that, but he wants it to pass because he knows it is the hard choice America needs to make to save our country.
What kind of leader is he if he can’t LEAD?? Take a stand McCain!! Save our country and lose an election or try to save your ass while forfeiting the country? Sounds like you already made up your mind to save your own ass. Hopefully people see through this sorry candidate.

There seems to be some confusion about why the Dems would take this position. It’s easy. If they take up the fight for the bailout and McCain opposes it, he and the pugs can claim to be the reformers going after Bush and the Congress in his pocket. There are enough unthinking voters that would fall for it, and it’s frankly very strategically sound, and thoroughly cynical and revealing about his character.
It’s an election ploy, and they should not fall for it. If he says no, they go along. If he says yes, the bailout happens, but he cannot position himself as the faux maverick.

Human nature being what it is, in order for deregulation to have any chance of working legitimately, you’d have to prevent unscrupulous/greedy private businesses and individuals from exploiting the lack of defined regulations. There has to be an unmistakable line drawn between what is and isn’t acceptable. When there is no clear-cut, enforced regulation AND no enforced consequences for abuse and or failure, ambition, competition and greed will without a doubt create exploitation and failure, which is precisely what has happened in our financial industries. Those Republican ideologues who advocate deregulation without oversight are advocating chaos and disaster. It’s like allowing professional football players to play the game without having any rules and making their job security and financial rewards dependent solely on winning or losing. Not only would they end up seriously injuring and or killing one another, they’d completely destroy the integrity of the game. Trusting human beings to do the right thing with no rules and no consequences is like trusting a pack of starving hyenas to peacefully and equally divide their prey. It’s contrary to their nature and their survival.

the willful stupidity of people is a wonder that renews itself every day (in re some of the above comments about the evil clintons and mortgages to low income people being the source of the current problem).
mccain is indeed trapped. if he doesn’t vote for whatever bill is ultimately cobbled together, after having done nothing to have any influence on its shape, will be proof positive that he is merely an obstructionist AND that he is NOT the head of his party.

The moment this crisis came to light McCain was doomed. This shows the emptiness of his economic strategy pushed for the last generation by him and his Republican team. It unifies the Democrats, splits the Republicans, and pushes the Independent voters away from the Republicans. This will likely result in even more Democratic pickups in Congress.

Obama has led a soup kitchen, great qualifications. Community organizer. Givng blankets to bums does not qualify you to be President. He will drag everyone down with the taxing of the Americans during a times of trouble financially. Please, dont put this guy in the white house. He is a farce.

So McCain is standing to the side, and not participating in solving this “greatest crisis since WWII.” So McCain is using the crisis to make political hay for himself. So McCain is not only hotheaded, (“Fire Chris Cox!”), McCain also uses Americans’ pain for his own benefit.

Oh please brother, bush as already put us done.
Weak dollar = high price on gaz
two wars not won
two castatrophic hurrican not recover yet.
no child left behind in the toilet.
fiscal calamity
recession
and so on
so please brother don’t be naive tax will go up anyway and as already since we are ready to give $700 billion from our tax payer dollar.

By the way, when McShame was involved in the S&L failure, that one cost us 500 billion. So far this means that McShame and his cronies have cost the american people 1.2 trillion dollars!
4 more years, 4 more years….

Maybe before McCain makes his decision he should consult Sarah Palin and see if her hairdresser has any thoughts on this.

Read here people.
How the Democrats created the financial crisis.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0

If democrats are sooo prepared and Obama is ready to be trusted with the economy. Why are they waiting on John McCain? Could it be that Obama NEEDS to see what move McCain makes first. Doesn’t that put all the power in McCain’s hands? I can’t think of a better more secure place for it to be!!! Obama’s judgement has proven wrong way more times than he has ever been right. I am not even sure he has ever been right on anything!!!

Sallie: Quit please. McCain is not against the bail out. He’s against this bailout. You should be thankful someone is showing some backbone and wanting to make sure this is the correct way to go about it. He wants some oversight. Not regulation, oversight. I’m glad he’s standing firm. I suppose you would want him to just sign off on this idea?

This “crisis” is not the fault of President Bush or John McCain. Congress forced lenders to “get low income households” into homes so they can “participate” in the American dream. No money down, interest only, 125% equity loans, and ARM’s. Aig, Fanny and Freddie were all to eager to loan money, bad money, to the millions who could not purchase homes the “old fashioned” way, 20% down, escrow for taxes and insurance! Now the time has come to pay the piper. There is no simple solution! one thing for sure, without an equitable “plan” your retirement funds, 401k’s etc will lose 50-75% of their value, because those fund holders are heavily invested in those lenders.Exhorbitant salaries, and bonuses, should be a thing of the past governing firms doing business with the government. Keep congress in session until a resolve has been hammered out and both sides quit blaming the other and for once work together as a team! The way congressional leaders behave and act is unsane and a shame! Vote them out! Have two term limits on all elected offices! No lobbying after leaving for one full term!

The democrats are for this bailout because Clinton made it easier for low income Americans to get loans they could not afford. Wallstreet and banks executives got greedy offering bad loans to make money and giving sweatheart deals to Dodd and the senator from North Dakota. President Bush lacked oversite therefore he is just at fault as the democrats. Therefore if you morons continue to elect a two party system we will continue to see these issues arise decade after decade. Maybe we need an independent in office (which Mccain is the closest thing to an independent). I hope he does not go along and bailout wallstreet. Maybe Warren Buffet will lose his 5-billion in G.S. and those how did insider trading the day before he anounced his buy-in at G.S. will lose there shirts. Wallstreet is curpt and for the rich. Maybe if they did away with short selling the average American would have a chance and banks would not be in as much trouble today. If anyone should pay for this bailout it should be those who got rich in the short interest market and the goldman sachs of the world. Not the American tax payer. Just an independent’s point of view from New Hampshire.

No one is looking to McCain for political LEADERSHIP, they’re looking to McCain for political manipulation. I figured McCain would vote against any bailout whatsoever so that he could pose as the maverick. He’s not. He’s a conservative deregulator free-market trumps all, and that’s what got us into this mess. While I agree that Congress and the Democrats are being stampeded into a bailout with the threat of global economic-mushroom cloud ala the Bush/Rice technique, McCain is simply trying to checkmate Obama on the political plane in a cynical manipulation. This has characterized his campaign and characterizes his character.

I wish Obama would go ahead and just get this passed for us. He can go over McCains head any day, any time, and I wish he would! I don’t want a depression to happen! The 700 billion is not just for rich people, its to keep the banks from going down. We don’t need any Republicans to help, they will just try to take the credit. There is enough Democrats to pass this. Theres only a few Democrats that would stand in the way like Lieberman and everybody knows he is a Republican under the skin! JUST PASS THE BILL!

This bailout is sure going to impact the senior citizens of this country who live on a fixed income and rely on their tax refund checks to help them barely make ends meet. What will happen to them? Do they go without food, heat and things essential to live? Do the politians care?????

how about a stimulus check of 100,000 dollars to all us tax payers ,then we can pay off our mortgages ,instead of bailing out the people that caused the
the problem making bad buisness decissions,and making the fat cat on walstreet fatter give it back to the tax payer thats the american thing to do
problem making bad business decisions

I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a “We Deserve It Dividend.”
To make the math simple, let’s assume there are 200,000,000 bona fide U.S. Citizens 18 and older. Our population is about 301,000,000 +/- counting every man, woman, and child. So 200, 000,000 might be a fair stab at the number of adults 18 and up.
Divide 200 million adults 18+ into $85 billion that equals $425,000.00/person.
My plan is to give $425,000 to every person 18+ as a “We Deserve It Dividend.” Of course it would NOT be tax free. So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it also means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage? Housing crisis solved.
Repay college loans? What a great boost to new grads!
Put away money for college? It’ll be there.
Save it in a bank? Create money to loan to entrepreneurs.
Buy a new car? It would create jobs.
Invest in the market? The capital drives growth.
Pay for your parent’s medical insurance? Health care improves.
Enable Deadbeat Dads to come clean – or else!
Remember this is for every adult U S Citizen 18 + including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And, of course, for those serving in our Armed Forces. If we’re going to re-distribute wealth let’s REALLY do it instead of trickling out a puny $1000.00 (“vote buy”) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s bail out every adult U.S. citizen 18 and over!
As for AIG – liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.
Here’s the rationale. WE deserve it and AIG doesn’t.
Sure it sounds like a crazy idea that can “never work. But can you imagine the Coast-To-Coast Block Party! Can you say “Economic Boom?”
I trust adult Americans to know how to use the $85 Billion “We Deserve It Dividend” more than the geniuses at AIG or in Washington DC. And remember, the plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Time to call your congressmen before they do something stupid like give Wall Street and the bureaucrats $85 Billion of our dollars.