McCain Rebuked for Comparing Mortgage Plan to Clinton

ARRRRRRRRRRRRRRGH!!!
Every thing I try DOESN’T WORK!!!!!
My Fellow Prisoners,
Start pouring the dirt on me. I’m a POLITICAL DEAD MAN DROOOLING!
John McChicken McCain
POTUS OBAMA – IT’S A LOCK!!

Ahhh….Hillary…she’s brialliant and she would be able to get us out of this mess. That other one, he’ll give us a long and boring speech.

I’m with you Nat, McCain has become “dead man politicking”. Do you think the campaign has been too much for the old man or was he always this shallow? No wonder that Palin refers to the campaign as Palin/McCain, she must be wondering what she got herself into, then again, I’m assuming she can think.

McCain is questioning other people’s candor and he is a flat out lair.
What a jerk.
Hillary Clinton wouldn’t come up with a half-baked idea to bail out banks.
Hillary 2012.
Never McCain-Palin!!!!!

The game isn’t over until the forth quarter, but seriously, this has gotten rediculous.
We are now seeing the “I’ll say anything, regardless of the truth, to get someone to listen to me”
I really hope McCain and Parrot keep talking about Ayres.
Obama and Biden are telling people how they will help this nation. They are presenting a plan for the future. They are leading.
McCain/Parrot are just smearing. They offer nothing. They have no plan.
Last week Obama had 36% negative ads. McCain had 100%. That says it all. They can’t win on policy, they can only try to tear Obama down.
Judging by the polls, it’s not working.
Americans need a leader. They need a vision. They NEED a change.
Obama/Biden are the ONLY team offering hope for Americans!
(And can someone please explain how $300 Bilion in tax dollars fits into McCain’s “spending freeze”? )

It seems that no one is paying any attention at all to the overly aggressive McCain, Palin, and their surrogate hacks. The media and the voters seem tired of hearing their nonsensical negative crap. Hillary tried the kitchen-sink negative strategy against Obama and it clearly did not work. What did work well for Hillary, late in her campaign, was when she became newly likable and appealing to average people, more friendly and optimistic, some say the real Hillary. She stopped the angry and bitter attacks that no one liked to hear. McCain’s stepped-up angry, snarky behavior will not win him the White House. He desperately needs to attempt to do what Hillary did toward the end of the democratic primary- morph into the most attractive and friendly candidate that one can be. If he can’t make himself more appealing to voters as a person, he will lose in a major electoral landslide. McCain’s using loser’s tactics right now, and will end up switching to the Hillary model, but too late to make a difference in the election outcome.

McCain doesn’t seem to get it. He did not learn anything from Hillary’s model of positive imagery towards the end of her democratic primary, that almost turned it around for her. Angry, bitter, frustrated people don’t win elections- ever!

If John McCain isnt lying he just wanders around drooling.
At the debate he said he sang “bomb bomb Iran” in a private setting with a friend when I knew at the time that was a lie. He did it in front of a crowd.
Every word he says is a lie.

I will cook you breakfast for a week, I will wash your cars. Just vote for me damn it!
I’m a POW for Christ’s sake!
I know how to fix the economy.
I know how to fix health care
I know how to reach across the table
I know how to win the wars
I know how to solve every problem
I’m just not telling you how. Because that’s just what THEY’RE expecting me to do. And I’m a Maverick.
What if I give you a back rub?

You jokers over at ABCnews are so pathetically obvious in your attempts to slant this issue toward Obama. And you are bungling those attempts so badly.
When McCain first made the proposal at the debate, in yout spin coverage right afterwards, you and Donna Brazil said there was nothing even new about the proposal because it was already in the bail out package.
Obviously, you and Brazil were foolishly wrong on that assertion. You were so foolishly wrong on it that you never mentioned that criticism of it again. Of course, neither did you ever point out that your criticism of it was wrong and thast it wasn’t already in the bailout bill as you and Brazil so proudly proclaimed.
And now you are once again trying to throw out incorrect criticism of it. This proposal of McCain is basically what Hillary Clinton proposed. There is no getting around it that basic sameness. Of course, as with any complex policy there are some minor differences in the details of the plans proposed by the two senators. But the essence of what Clinton proposed is the same as what McCain has proposed.
No amount of silly spinning by you and Donna Brazil will change the truth of that.

Isn’t it lovely. Liar McCain is at it again.

“That one” is the best for America, “me” has no brains, no vision, no nothing except wealth,me,me,me

pardon my spelling

Does anyone really think that this crazy guilt by association game that McCain is playing is a ticket to the White House? Seriously? It’s such a failed strategy, to woo the voters that he needs- INDEPENDENTS. All it does is appease his Republican base, but alo irritate and turn off independent voters. This strategy failed miserably with Hilary Clinton. She would have won though- easily- if she had used the ‘nice’ Hillary model that was so successful at the end of the democratic primary. We loved that Hillary. McCain needs to learn from Hillary. Nice beats angry, bitter, and attacking every time. Guilt by association is a silly desperate move destined to fail, and I for one, really hope that the ‘angry’ lynch mob of republicans keep it up for another month.

Even with half of Hillary’s smarts he would still came up short. I watched the debate Tuesday night and was very disappointed in both candidates but more so for Mc bush, he was very rude, when Mc bush was speaking(I won’t say answering questions because he didn’t) Obama sat on his chair, but when Obama was speaking and answering questions Mc bush was prancing all over just like he wanted the people to look at him and not listen to Obama he didn’t fool me. His plan for buying up mortgages where is this money going to come from i wonder did he think very far on this.

This is a reprise of Mccain’s “Gas Tax Holiday”, only much more expensive. Once again “Panderin’ John” and “Cement-Head Sarah” are panderin’ to the lily-white Republican base. No ideas, no plans, a government out of control. In fairness, it must be difficult for a 72 year old man who has carefully constructed an heroic mythology about himself for 45 years to face the prospect of being routed by a black man.

I just hope if elected he doesn’t go after Vietnam as payback. Surprised he doesn’t show up at these debates with a gun and a gernade

MR. McCAIN plans to give tax credit to people who bought their own health plan.
PEOPLE ARE UNEMPLOYED!
If they had the money to buy their own health plan & pay their mortgage & and put the kids to school -
THEY DON’T NEED TAX CREDIT.
WHAT WE NEED IS A UNIVERSAL HEALTH PLAN FOR THE UNEMPLOYED.
MORE SO – WHAT WE NEED ARE JOBS-
PUT A MORATORIUM ON JOB-OUTSOURCING
GIVE OUR JOBS BACK – THAT WILL SOLVE THE FINANCIAL CRISIS

pissed-I agree with you-McCains economic plan is no plan at all-thats what scares me about him-its almost like he is on drugs or bipolar-the only person that thinks he makes sense and has a plan is sarah palin-you bettcha-gottcha-I guess cha is the new-you, another butcherer of the english language

MR. KENNY – DREAM ON.
AND LET MCCAIN PAY FOR THE WAR IN IRAQ FROM HIS OWN POCKET.
NOW THAT WILL IMPRESS ME. RATHER THAN HIM SAYING “WE WILL CONTINUE THE WAR IN IRAQ – AS LONG AS U.S. SOLDIERS DON’T GET HURT.”
THAT’S WHY IT’S CALLED A WAR. DAGGONIT
HISTORY HAD LONG PROVEN THAT WAGIN A PROTRACTED WAR IS A VERY EXPENSIVE PROJECT NOT ONLY IN TERMS OF MONEY -
MORE SO, IN TERMS OF LIVES.
THAT’S WHY THERE WAS CIVIL UNREST & RADICALISM IN THE 70′s BECAUSE OF THE VIETNAM WAR.
MCCAIN/PALIN – BEWARE- IF YOU CONTINUE THIS IRAQ WAR – I BET YA – YOUR GRANDCHILDREN WILL BE RADICALS

I just heard the republicans expanded medicare. If this is so then why am i paying more in premiums and getting less paid for medical services. If this is expanding I prefer it shrunk with less paid in by me and more paid by the medicare. And they really screwed up the rx coverage with creating a donut hole. this campaign better start talking about issues and not personalities, we all know Mcbush has dementia and takes pills to help his memory what happens when he forgets to take the pill, we all know Palin was in 6 colleges in 4 years because she flunked out after being more interested in beauty contests, and when it comes to tax returns the Obama’s file 1 return so do the Biden’s but how many do the Mc bushes???

POOR Johnie he just cant get out of that corner!

How Would a Global Depression Affect Your Investments?
I have no idea where the economy is headed. I do not want to trivialize the problems which caused the current crises. It could get better or worse–much worse.
I am struck by the sensationalism of the financial media and suspicious of its motives. Stirring the pot with breathless speculation about a “financial meltdown” and the coming “depression” boosts ratings and sells magazines and newspapers.
Here are some objective facts to consider:
We are not in a recession, much less a depression.
A “recession” is defined as a period of two quarters of negative growth in the Gross Domestic Product (GDP).
According to the Bureau of Economic Analysis, real GDP increased 0.9% in the first quarter of this year. In the second quarter, it increased at an annual rate of 2.8%.
A “depression” is defined as an economic downturn where real GDP declines by more than 10%.
In the Great Depression, real GDP declined by 33%.
During the period 1973-1975, real GDP declined by 4.9%. That was the worst decline in the past sixty years.
Readers of this column know that I advise investors to determine their asset allocation and invest in a globally diversified portfolio of low cost index funds.
What exactly does “globally diversified” mean, and how has this kind of portfolio held up in the current economic climate?
Let’s take a look at a hypothetical, diversified portfolio. It is invested solely in index funds, Exchange Traded Funds or passively managed funds, with 60% exposed to the stock markets and the balance in bonds. This asset allocation is typical of the ones used by most pensions and trusts, managing trillions of dollars in assets.
This portfolio would have over 17, 000 total holdings The bond portion of the portfolio would be invested in short and intermediate term bond index funds.
The total market value of the stocks in this portfolio would be in excess of $36 trillion. Total sales would be more than $34 trillion. Net profits would be around $2 trillion. The companies in this portfolio would sell their products and services in more than 192 countries.
This portfolio would still lose money in this market, but it would lose significantly less than the S&P 500.
Recent recessions have lasted 1-2 years.
The Great Depression lasted 10 years.
In order for a depression to dramatically affect the value of a globally diversified portfolio, it would have to be global, not one limited to the United States alone.
The Great Depression was triggered by the failure of the Federal Reserve to increase the money supply, which fell dramatically.
In response to the current crises, central banks around the world are engaged in a coordinated effort to pump money into their various economies. Whether it will be sufficient to stave off another Great Depression is unknown.
What is known is that investors whose asset allocation is appropriate for them and who invest in a globally diversified portfolio of low cost index funds will be in the best position to limit their losses. History also tells us that investors who held on during hard economic times were rewarded with the long term annualized returns consistent with the underlying risk of their portfolios. For this portfolio, those returns would range from 8%-10%.
Dan Solin is the author of The Smartest Investment Book You’ll Ever Read (Perigee Books 2006) and The Smartest 401(k) Book You’ll Ever Read (Perigee Books 2008).
Credit Default Swaps
Credit default swaps, which were invented by Wall Street in the late 1990′s, are financial instruments that are intended to cover losses to banks and bondholders when a particular bond or security goes into default — that is, when the stream of revenue behind the loan becomes insufficient to meet the payments that were promised.
In essence, it is a form of insurance. Its purpose is to make it easier for banks to issue complex debt securities by reducing the risk to purchasers, just like the way the insurance a movie producer takes out on a wayward star makes it easier to raise money for the star’s next picture.
Here is a more detailed, but still simplified explanation of how they work, given by Michael Lewitt, a Florida money manager, in a New York Times Op-Ed piece on Sept. 16, 2008:
“Credit default swaps are a type of credit insurance contract in which one party pays another party to protect it from the risk of default on a particular debt instrument. If that debt instrument (a bond, a bank loan, a mortgage) defaults, the insurer compensates the insured for his loss.
“The insurer (which could be a bank, an investment bank or a hedge fund) is required to post collateral to support its payment obligation, but in the insane credit environment that preceded the credit crisis, this collateral deposit was generally too small.
“As a result, the credit default market is best described as an insurance market where many of the individual trades are undercapitalized.”
The market for the credit default swaps has been enormous. Since 2000, it has ballooned from $900 billion to more than $45.5 trillion — roughly twice the size of the entire United States stock market. Also in sharp contrast to traditional insurance, the swaps are totally unregulated.
When the mortgage-backed securities that many swaps were supporting began to lose value in 2007, investors began to fear that the swaps, originally meant as a hedge against risk, could suddenly become huge liabilities.
The swaps’ complexity and the lack of information in an unregulated market added to the market’s anxiety. Bond insurers like MBNA and Ambac that had written large amounts of the swaps saw their shares plunge in late 2007.
Credit default swaps also played an integral role in the federal government’s decision to bail out the American International Group, one of the world’s largest insurers, in September 2008. The Federal Reserve concluded that if A.I.G. failed and defaulted on its swaps, throwing the liability for the insured securities onto the swaps’ counterparties, the result could be a daisy chain of failures across the international financial system.
NYTimes.com
Saturday, October 11, 2008
I hope you read the article above it does not say is that anyone could buy a Credit Default Swap, even if they do not own the debt securities, bonds, or bank loans, mortgage assets.
So for example if you have a $10,000 in debt securities, or bonds, bank loans, mortgages and 20 people bought a Credit Default Swap that is $200,000 for a 10,000 asset. Of course they want it unregulated because some are betting that it would do well and actually own the debt securities, and bonds a bank loans a mortgages but the other $190,000, or 19 other purchasers are hoping it fails.
Well this has nothing to do with the stock market at all, and is like betting on the Crabs line on dice.
I truly believe it should be made illegal except for the owners of the debt securities, or bonds, bank loans.
Sure if Ford or G.E. , or any company wanted to be noble and protect their employee’s pension, or I.R.A., 401K
then they should be allowed to buy insurance or a Credit Default Swaps .
But, to give the other 19 other purchasers (speculators) money from the A.I.G. bail out is insane.
There is no way the U.S. could absorb a 45 Trillion unregulated market failure that is not even traded
in open view of the general public and regulated by the S.E.C. The only players in this market are
people with a minimum buy in of 10 million or more.
Now the speculators on the unregulated Credit Default Swap market are trying
to extort money from the U.S. tax payers and threaten that the market will crash.
The only people that should receive help are the true owners of the debt securities, bonds,
or bank loans, and mortgages.
Now the banks are not trading money because no one bank is sure what the
other bank’s assets are, and if they have a value that is partly based on Credit Default Swaps,
then it is not real, but just speculation. Make it illegal, and cover the true owners.
The credit market would then have an idea of what the true value of a bank’s or company’s worth,
and can start loaning money again.
By Michael Arcata Ca, Democrat
October 11, 2008

Rachel
Golfgirlusa
Emma
Bad Buoy
Jim
Jerk
Obama/Biden – the positive choice
Carrie
Jennifer
John McCain’s conscience
Memyself
Just a thought
Last Gasps
Jake Long
Redneck
Rodney
Pana
Rodney
Truth Matters
Jan
Jillian
Rose Szymanskir
Davie
FJ
If all of you ignorant, uneducated, hate mongers would listen to what you are saying, if you were in any other country but this, you would be put in jail, shot and tortured.
I thank God for John McCain and all veterans. He fought for our freedom, to keep us safe, so that you moral less, no integrity at all, can bash some one and not get in trouble.
We no nothing about Obama and I am not willing to leave my safety or the safety of MY Country, in his hands.
If you want the facts, you need to watch another channel, network. NBC, ABC, CNN, MSNBC, CBS, have no integrity, they are not fair to both sides, the elite Media as they are called, are in the pocket of radical, liberals.
You need to watch Fox News station, not just a few minuets, to get bits and pieces. They are fair to both sides, have MCCain and Obama reps. on the show. That way you get fair and equal reporting, then you can make an intelligent choice. Instead you just sound like a bunch of beer drinking street thugs that you prob. are.
Listen to the retired FBI agents that were on Fox today. This is about Obama and Ayers association
Get the Facts!! If you don’t you will not be able to blog like this