McCain and His Campaign Blame Obama and Democrats for Bailout Bill’s Death, McCain Says Now Is Not the Time to Affix Blame

McCain says his “suspension” was meant to help the country.
Critics say it was meant to help his campaign.
It now seems that he’s failed by either standard.

McCain and his campaign believe he ought to have gotten credit for its passage.
McCain, today:
I put my campaign on hold for a couple days last week to fight for a rescue plan that put you and your economic security first. I fought for a plan that protected taxpayers, homeowners, consumers and small business owners.
I went to Washington last week to make sure that the taxpayers of Ohio and across this great country were not left footing the bill for mistakes made on Wall Street and in Washington.
Some people have criticized my decision, but I will never, ever be a president who sits on the sidelines when this country faces a crisis. Some of you may have noticed, but it’s not my style to simply “phone it in.”
And Steve Schmidt, McCain’s chief strategist, on Meet the Press:
“What Senator McCain was able to do was to help bring all of the parties to the table, including the House Republicans, whose votes were needed to pass this”
So if McCain wanted credit for passage, should he share the blame for its defeat? Or is a coward who only will take responsability for succes?
Two thirds of Republicans voted for its defeat…after a weekend of telephone call diplomacy from McCain.
Nancy Pelosi may have given a partisan speech, but she was able to get most of her Democrats on board.

they voted down the bill because the democrats partisan rhetoric and trying to stuff 29% of the profits going to ACORN into the bill. Pelosi, Frank, and Reed were Politics first!!!! Buying votes with our money!!!

The democratic congress put there butts on the line to save the American economy.. The economy that has been put in this messy shape by the Republican party!
Why should the democrats take reasponabilty for doing all the lifting when your party made the mess!
GIVE ME A BREAk! You position is stupid!
The Republican position is :
WELL WE WERE GOING TO PASS THIS BILL TO SAVE THE AMERICAN ECONOMY
BUT THEN PALOSI BLAMED US BECAUSE WE WHERE IN CHARGE FOR THE LAST 7.5 YEARS
SO SCREW SAVING AMERICA’S ECONOMY!
What a joke!

McCain is a shameless liar.

is it me or is mccain all over the place on this?

Cultural Amnesia – Uh. I used to work in the music industry and was involved in copyright law a lot. I’ve worked with all the major labels including Warner. They have been pulling down content for almost a decade off of services and the process today is entirely automated.
There is no way this is political motivated.

McCain cannot accept the fact that he failed and failed miserably.
He has never been and will never be a leader.. he is only a corrupt politician that steals ideas and points the finger at everyone but himself… he cannot think on his own.
When a crises arises.. his response is a knee-jerk… never thinks, and acts always out of desperation.
Great example is his choice of VP.
And now the bailout …. he tried to make it seem, that all this was his doing and he was the only one to save the day… but he never bothered to read Paulson’s 3 page plan.
If he is elected by the people, then they get exactly what they deserve.. a corrupt, inept, old man who cannot make decisions based on common sense.
The sad thing is, they will make us suffer through 4 more years of agony.

I think it’s ridiculous that both parties are playing the blame game! I believe Pelosi’s speech alienated some Republicans who then used the opportunity to attack the Dems. WAKE UP CONGRESS AND SAVE OUR COUNTRY BEFORE ITS TOO LATE. Time for term limits on ALL congressman so we can sweep out partisan politics!!

Dosn’t anybody here get it??
How the Democrats Created this Financial Crisis
A Look Back~
The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.
Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.
But really, it isn’t. Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street’s efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.
In the times that Fannie and Freddie couldn’t make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home.
The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them.
Turning Point~
Take away Fannie and Freddie, or regulate them more wisely, and it’s hard to imagine how these highly liquid markets would ever have emerged. This whole mess would never have happened.
It is easy to identify the historical turning point that marked the beginning of the end.
Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleague Peter Wallison, the Securities and Exchange Comiission’s chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie’s position on the relevant accounting issue was not even ….on the page” of allowable interpretations.
Then legislative momentum emerged for an attempt to create a ….world-class regulator” that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.
Greenspan’s Warning~
The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn’t be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ….continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,” he said. ….We are placing the total financial system of the future at a substantial risk.”
What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.
Different World~
If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.
But the bill didn’t become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn’t even get the Senate to vote on the matter.
That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ….It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.”
Mounds of Materials~
Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.
But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.
Clinton, the 12th-ranked recipient of Fannie and Freddie PAC and employee contributions, has received more than $75,000 from the two enterprises and their employees. The private profit found its way back to the senators who killed the fix.
There has been a lot of talk about who is to blame for this crisis. A look back at the story of 2005 makes the answer pretty clear.
Oh, and there is one little footnote to the story that’s worth keeping in mind while Democrats point fingers between now and Nov. 4: Senator John McCain was one of the three cosponsors of S.190, the bill that would have averted this mess!! He’s our man!

facts are facts! Everyone, please read Stanley Kurtz’s article in the New York Post today, highlighting Obama’s deep involvement with ACORN, a corrupt organization, which literally forced banks and lenders to issue high risk loans….tons of them….leading to our current predicament! This plus Freddie and Fannie’s significant gifts to the Obama campaign…
Obama IS deeply involved in this, from the start. He deserves ALL the blame. How can you possibly support him, when he has now sacrified your families safety and security? How can you put your trust in this man? He is a filthy liar!
Does the media report on this? Nope. Do they report on Obama’s thug tactics sacrificing free speech in Missouri? No.
What has our country come to?

No need to spin. 95 Democrats voted against this bill. They need 12 more votes to pass – you do the math. If the Democrats had all their ducks in a row thay can pass this without Republican su.
The Democrats are a laughing stock and the media supports the joke. The Barney and Dodd circus and the democrat support of ill fated mortgage policies preesure on banks was/is the problem. Guys like Dodd and Franks will do anything to get this passed to get their butts out of the fire. They are a disgrace. Hats off to Mccain who tried to help instead of that arrogant narciccistic (“I’m here if you need ME” -ugh!)poser you call a presidential candidate.

Obama, ACORN, and Fannie Mae: What exactly does a “community organizer” do? Barack Obama’s rise has left many Americans asking themselves that question. Here’s a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit (Source: Stanley Kurtz, The National Review).
What if Barack Obama’s most important radical connection has been hiding in plain sight all along? Obama has had an intimate and long-term association with the Association of Community Organizations for Reform Now (ACORN), the largest radical group in America. If I told you Obama had close ties with MoveOn.org or Code Pink, you’d know what I was talking about. ACORN is at least as radical as these better-known groups, arguably more so. Yet because ACORN works locally, in carefully selected urban areas, its national profile is lower. ACORN likes it that way. And so, I’d wager, does Barack Obama.
In the name of fairness to minorities, community organizers occupy private offices, chant inside bank lobbies, and confront executives at their homes – and thereby force financial institutions to direct hundreds of millions of dollars in mortgages to low-credit customers.
In other words, community organizers help to undermine the US economy by pushing the banking system into a sinkhole of bad loans. And Obama has spent years training and funding the organizers who do it. Read the shocking details…

Wow posting a McCain advisor’s summary of events without noting so.
I guess even right wingers realize that no one believes the McCain campaign anymore.

JohnTx that was written Kevin Hassett for Bloomberg news.
You’ll notice there is no mention of Rick Davis or Charlie Black getting millions to lobby for Fannie Mae & Freddie Mac
Kevin just happens to be a McCain advisor.

Barack Obama is truly a phenomenon of our time— a presidential candidate who cannot cite a single serious accomplishment in his entire career, besides advancing his own career with rhetoric.
Thomas S.

I blame the GOP for being so hyper-sensitive that they allowed their precious feelings get in the way of middle America. GOP, bring your crybaby selves down here to help many of these small business try to make pay-roll. They can’t get the credit they need to continue with their business. McCain, next time you are enjoying a 4 star dinner while your party is PUNTING on a bill they sponsored and you swooped in to save – there are plenty of us who can not afford groceries. Thanks for nothing GOP. Grow some thicker skin.

I am appalled and angry at the Republican Minority Leader who has the gall to blame Ms.Pelosi- who actually told the truth about the deficit.
“It’s the economy stupid” to quote a former president- 1 republican today actually said “It’s my job that’s important- I might not get relected if I vote yes”
It’s the Country not you thats important!!
Stupidity seems to reign in the Republican camp-The rest of the world is now laughing at the USA .

Let me see if I have this right the vote was lost because some Republican lawmakers got butt hurt over some words, then to show their anger they thought that screwing the COUNTRY FIRST was the right thing to do! I thought McCain had unified everyone.

TC
The democratic congress put there butts on the line to save the American economy.. The economy that has been put in this messy shape by the Republican party!
Why should the democrats take reasponabilty for doing all the lifting when your party made the mess!
GIVE ME A BREAK! Your position is stupid!
The Republican position is :
WELL WE WERE GOING TO PASS THIS BILL TO SAVE THE AMERICAN ECONOMY
BUT THEN PALOSI BLAMED US BECAUSE WE WHERE IN CHARGE FOR THE LAST 7.5 YEARS
SO SCREW SAVING AMERICA’S ECONOMY!
What a joke!

McCain should go fly a kite!! Two thirds of Democrats voted for bill. Only one third of Republicans voted for bill. These are the real facts. Republicans sold country out today!! Republicans put pettiness and politics ahead of what is truly good for America during this crisis!! Blaming Nancy Pelosi’s speech is just absurd. The congressmen are adults. They are not children. But maybe they are children???? I want to see names of those published who voted against this bill. No one liked this bill. But many did vote for because country is in danger of deep recession.

OK. Look.
If I say “Push the button when I say ‘now’”, when do you push the button? Right. The moment I say “now”. Not before.
So when McCain says “Senator Obama and his allies in Congress infused unnecessary partisanship into the process,” it’s a complete sentence. It’s a moment in time.
Next, he says, “Now is not the time to affix the blame.” Another moment in time.
Get it? When he says “Now,” he means “Now!” Not “then”. Not “before”. The first sentence? That came before! That’s in the past! We’re putting that behind us, because we are focused on the present. (And the future. Naturally.)
It’s only the liberal elite media like you that are stuck in the past. (Wait. “that are stuck in the past?” Hmm. “that is stuck in the past”? Nevermind. That’s plurality, and we’re talking about tense.)
Where was I? Oh, yes. I was wearing an onion on my belt – which was the fashion at the time – …

Politico’s Ben Smith doesn’t buy McCain’s charge that this is all Obama’s fault
Ben writes:
McCain blames Obama, not House GOP, for House vote… It’s going to be a hard case to make though. About two-thirds of House Democrats supported the bill. About two thirds of House Republicans — whom McCain had explicitly returned to Washington to work — voted against it. And isn’t it about time to retire that “phoned it in” line?

Again from Ben Smith / Politico:
Voting nay in McCain’s home state
A reader notes that all eight members of McCain’s Arizona delegation — four Democrats and four Republicans — voted “no.”
From the AP:
ARIZONA
Democrats — Giffords, N; Grijalva, N; Mitchell, N; Pastor, N.
Republicans — Flake, N; Franks, N; Renzi, N; Shadegg, N.
UPDATE: In Illinois — though Obama had staked less on his personal ability to win over doubters — the bill split the delegation 9-9, with one abstention. Democrats favored it narrowly, though former Obama antagonist Bobby Rush and his supporter Jesse Jackson Jr., like may in the Congressional Black Caucus, voted no.
UPDATE: Ryan Grim notes that Rush “went to the desk after the vote was over and changed from yes to no. So he was with Obama and the leadership if they needed him.”

This proves Mclame is senile. First the Palin pick now he can’t even talk his own party into supporting a bill with him, then he just turns around and balmes it on Obama. THis man is now a joke!

he’ll want to put off the VP debate while they work this out.

Why did 2/3 of republicans vote against this bill. Dont they realize they will plunge America into another Great Depression.
It seems House republicans will rather win an election than save America.

Lets not try and spin the numbers:
The democrats stepped up:
Democrats voted for 141 voted against 94
Republicam vote for 66 voted against 132

One has to agree that the democrat starting with Pelosi and going through Obama played politics with this rather than doing their job. They should have encouraged everyone to work on the bill from day one. Of course the idea of pushing the bill through with no reivew was nuts. The American people would never buy that.

While the House Repubs are trying to save their bacon and now denounce all of Bushs policies, Americans are paying a huge price to their retirements, jobs, credit etc…
its a little too late to separate yourselves from GWB.
Dont make Americans pay even more for his Policies.
Amazing.
obama 08

The Banks of the United States have reported 7 Trillion Dollars in bad mortgage debt. Let me ask all you geniuses out there what good is it going to do to have the tax payers buy 700 Billion Dollars of this 7 Trillion Dollar debt. Who knows how much more debt the banks and financial institutions have not been reported. Spending this 700 Billion Dollars on this debt is like throwing kerosene, dynamite and gasoline on a wild fire storm. It only makes the fire hotter and more dangerous and destroys those who fueled the fire just like giving the extremely rich this 700 billion dollars. The tax payers debt, the nation debt will just go up and prolong the tax payers suffering, starving, and wreak havoc on their physical, mental and financial health.

John MCcain just digs himself deeper and deeper. What are the chances Palin drops out by thursday?
Wow, just wait until the rebuttle time on the debate, when she will repeat herself over and over and over

Here that John
It is the sound of your campaign dropping in the polls

Umm. If McCain says now is NOT the time to affix blame, it’s time to fix the problem, then why did he say Obama and his allies infused partisanship into the process? Isn’t that affixing blame? Is that Gaslighting or what? Did anyone else notice that? Does McCain listen to himself when he talks?

Let me get this straight. The Republicans decided to punish America and change votes because someone gave a speech that was less then bi-partisan. Give me a break. If the country falls into a depression we will know who to blame. The democrats didn’t need to include Republicans they could of got by with + 1 and included all they wanted in the bill, but we had to be bipartisan and let the Republicans baby around. While the Republicans through that tantrum the stock fell over 700 points. The Democrats arn’t to blame, the Republicans deregulated the bank and refuse to pay the POLITICAL PRICE of passing a bailout.
The democrats should just rewrite the bill for democrats and just pass it through.

Phil Singer (and others) compare Republicans blaming Pelosi’s speech to Newt shutting down the government over because of seating arrangements on Air Force 1.

I keep flashing back to the final scene in Dr. Strangelove, when Slim Pickens rides the bomb into the target.
The Republicans are determined to ride the free market system into its complete collapse.

carolyn
First thing you learn in research is to make sure your sources are not bias and the info is credit.

Isn’t it funny how the sound of the stock market crashing sounds just like a McCain campaign stunt backfiring?

carolyn
The problem started with the foreclosures and the deregulation of banks. Your just picking a small portion. This crisis has been caused by deregulation like the Enron loophole over the republican controlled congress.

I believe I heard that McCain was more or less responsible for 60+ “Ay” votes that the House Republicans made today.
So let me see, I believe that comes out to, oh yes, 60+ more votes than Obama was able to provide.

So Republicans trash the American economy and when they’re asked to help repair it they’re TOO COWARDLY AND SELFISH TO LEND A HAND.
WHAT A SURPRISE.
REPUBLICANS ARE BLOODSUCKERS ON MIDDLE-CLASS AMERICA.

SandyB
You can’t he even justify your argument when the Democrats voted in a majority for the bill. The minute McCain step in to help everything blew up, he called victory right before the bill failed. Now he wants to pass the buck. Guess what the buck stops at the president and he can’t pass the buck.

Lawmakers actually want a financial crisis, yes I said it! They are trying to ruin the dollar therefore creating a NEED for the Amero a North American union of Maexico, Canada, and U.S. just like the Euro. Problem is they will trample our Constitution and rights taken away. Why don’t we change our leaders now before they continue to lie and do harm to us? My two ideas are: eliminate the one man President position and Congress entirely (even just temporarily) and create a National Council just like we have a City Council of 10-12 people a Chairman and all. City Councils are swift, concise, take in different views, and is a democratic ideology. The National Council would vote on immediate laws and reforms to FIX things and this cuts the fueding and bills that never get through. -OR- we fire all of the current Congress and President not by vote, by a 2008/09 Declaration of Independence (the old DOI pertains to today if read carefully) and install only Libertarians/Greens/Independents the Democrats and Repubs are corrupt. All elections should be individuals and their views only anyways, not my team your team, the party system is disgusting even to old people like my Grandmother, Parents. So we could install some Libertarians and/or Green Party people to have their crack at FIXING things. Seriously we eventually will have more independents move into higher positions, let’s speed up the transition and fire all these REP/DEM people and give the Ralph Nader, Ron Paul people their time NOW. They aren’t idiots or hippies, they have an ideology that if implemented would make a free country free and not suffering and forced into a new world order. Please present these ideas on your t.v. broadcast.

I’m amazed by what’s missing in the political analysis so far.
As everyone should know, the House Republicans do not like or favor John McCain, to put it mildly. They have not welcomed his returning to Washington for the stunt to them on board at all.
They don’t want the GOP to become McCain’s party.
They may have been ready to support the rescue plan by a small majority, but then – before the voting had started -
they heard John McCain declare that HE was to be given credit for the passing of the bill.
That was a reckless and very silly thing to do. A crucial McCain blunder.
The House Republicans took their chance to put McCain out there in the cold. They voted against. Against the plan, and against McCain.

So McCain blames Obama and the Dems for turning the bailout vote into a “political issue” after McCain himself runs with the campaign ploy of suspending activities and trying to hone in on some bailout credit in Washington last week. That’s absurd…

Info Seeeking
you are wrong. The Dems didn`t introduce the bill, its Bush that introduced the bill.
So in conclusion the Repubs failed to support Bush and the Dems to save the country.
Remember 140 Dems suppoted it.
Only 65 Repubs supported it.

The US doesn’t remotely have 7 trillion in bad mortgage debt.
Total mortgage debt in the US is 10 trillion, about half of which is made up of Fannie Mae and Freddie Mac paper. The rest is sub-prime, Alt A and private money.
Despite all the news about rising foreclosures, they still make up a small fraction of overall mortgage debt.

Sharonevolving
stop misinforming people on the blog. Its Bush that introduced the bill but Repubs have refused to support him. Dems have tried their best to support it by 2/3.
Only 1/3 repubs supported it. So your argument that Dems had enough members to pass this bill doesn`t make sense especially when it is the past 8 years of republican failed policies that has caused the recession.

Keith, you’re being silly. Bush introduced the bill with Paulson, the Dems wrote v2, which had uber handouts, and the Repubs wrote v3, which has heavier regulation. That v3 version got voted on, and failed today.
Again, the Dems have the majority in the house. Had Obama rallied them, and they all voted for it, it would have passed. McCain, ever the ‘work across the aisle’ guy, sometimes to his party’s chagrin, tried to get the Repubs on board because support was far from universal in either camp. You can blame the man for trying, but I can’t.

“the Repubs wrote v3, which has heavier regulation. That v3 version got voted on, and failed today. ”
So Republicans voted against the bill they wrote?

McCain also said Sarah Palin is ready to be President if need be.
He’s starting to talk as much gibberish as she is.

sharonevolving
Wrong again. Federal lobbyist don’t donate to Obama. Check online. Hypocritical coming from the 7 fed lobbyist running McCain’s campaign. Who is really playing politics with the bailout crisis. Hint: Its not the Democrats.

MM – drinking that cool-aid pretty heavily, are we? You’re conflating two things: federal lobbyist with Fannie Mae / Freddy Mac contributions.
Here are the top recipients of campaign contributions from Fannie Mae and Freddie Mac, 1989-2008:
Name
Office
Party/State
Total
1. Dodd, Christopher J
S
D-CT
$133,900
2. Kerry, John
S
D-MA
$111,000
3. Obama, Barack
S
D-IL
$105,849
Try again, peeps. Do some research.

“It never made it out of committee. ”
S.190 was dead when McCain made his speech a year and a half after it was intro’d.
“Meanwhile, Barack Obama took hundreds of thousands of dollars from the lobbyists McCain mentions in this speech, making him the #2 recipient of Fannie/Freddie money.
Tell me again who you think is behind what here?”
Obama got about $120K in campaign donations from Fannie Mae & Freddie Mac employees.
Rick Davis and Charlie Black made several million a piece lobbying for Fannie Mae & Freddie Mac.
Who is behind what indeed….

sharonevolving
Wrong again. Let’s say I am a bank teller at Bank of America. I donate to Barack Obama. The site automatically list me as Bank of America. Am I a lobbyist. You need to read the law before you spew cool -aid. What is up that phrase any-way? When did Hawaiian punch become a political term.

The Republicans were in control of Congress for 12 years. How is it that it is the Democrats fault?

sharonevolving
Baracks raised million from the armed forces so is he in bed with the Airforce ? The army ? The navy ? Is he doing them favours ?
Or do people who serve our country just want him to be our President ?
Same goes for the staff at fannie and freddie! They donated to Obama because they like him.

McCain and Palin refer to the question by a voter on Pakistan in a cheesesteak place as gotcha journalism.
Hear that voters?
Asking the candidates a question is now considered gotcha journalism.

During a September 21 interview on CBS’s “60 Minutes,” McCain was asked if he regretted a 1999 vote for deregulating Wall Street.
“No — I think the deregulation was probably helpful to the growth of our economy,” McCain said.

From the smoke & mirrors department: It’s amazing how often republicans mention that Obama was the “2nd largest beneficiary of contributions from Fannie and Freddie”….For those who are reasonble, let’s put this in perspective. Obama received about $138K from Fannie Mae and Freddie Mac EMPLOYEES..McCain received @ $30K for employees of these 2 companies….This ranks him #2 because the contributions were supporting his Presidential campaign…But let’s assume the “worse” and assume these $$$ were targeted for “influence”…How much would this “buy” from Obama?…Consider that the Obama campaign has raised @ 1/2 BILLION $$ in contributions…Do the math: 138,000 < 500,000,000 = less than 100th of 1 percent of his campaign's take…Nobody "owns" Obama…His grassroots contributors have made sure of that fact…This is a fact that won't make it's way onto a GOP attack commercial but it's a fact nonetheless.

JOHN McCAIN = DISASTER FOR AMERICA
SARAH PALIN = DISASTER FOR AMERICA
REPUBLICAN PARTY = DISASTER FOR AMERICA

777 worse point drop in history. Thank You Republicans.

Sharonevolving
I see lots of posts to this person, but not the original post.
What happened to it?

Matt S
See:
sharonevolving | Sep 29, 2008 7:54:05 PM
sharonevolving | Sep 29, 2008 7:27:02 PM

MM put it in perspective. The 777 point drop as a percentage didn’t even make the top ten worst days of the market.
Bad? Yes, but not anywhere near the worst.

re: Post by: Miss W | Sep 29, 2008 8:30:42 PM
What is Obama’s favorite word?
Uh……..

Concerned in OH
How can anyone believe a word you right when you dont know 60% is a majority ?
Silly person!

Cultural Amnesia
We saw the debate. We know Obama agreed that there are problems. Unlike Republicans, who obviously don’t understand. Apparently they just want to disagree regardless of the consequences.
GOP before county! McCain before integrity! Ignorance before foresight.

Dave in lv
Regulate the industry. Pass another stimulus package. Cut taxes to the middle class (the people that move are economy forward). Already pass a bill on Nuclear Proliferation.
You don’t know the issues. It is funny that now you guys want to compare Obama to Bush when factually speaking McCain voted with Bush 90% of the time.
Obama/Biden 08

Concerned in OH
You are arguing semantics now. 60% is most to some people because it is a majority. Your just trying to hide the fact that Republicans failed. The Republicans didn’t even need to support in a majority and they still didn’t get it pass.

ONE of the two VP’s on the rescue plan:
“That’s why I say I, like every American I’m speaking with, we’re ill about this position that we have been put in where it is the taxpayers looking to bail out. But ultimately, what the bailout does is help those who are concerned about the healthcare reform that is needed to help shore up our economy. Um, helping, oh — it’s got to be all about job creation too. Shoring up our economy, and putting it back on the right track. So healthcare reform and reducing taxes and reining in spending has got to accompany tax reductions, and tax relief for Americans, and trade, we’ve got to see trade as opportunity, not as a competitive, um, scary thing, but 1 in 5 jobs being created in the trade sector today. We’ve got to look at that as more opportunity. All of those things under the umbrella of job creation. This bailout is a part of that.”

re Post by: Hahahahahahaha | Sep 29, 2008 9:00:40 PM
Read any Biden quotes lately?
Ever hear the one about FDR when he was President in 1929….
Have a great laugh!

Yes, Republicans, do read this Palin comment on the rescue plan over twice. Be honest to yourself. Even Mitt Romney is starting to question Palin. Read it again, and think what the possibility of a Palin Presidency would mean to the United States Of America and to its standing in the world. Here we go, take care:
“That’s why I say I, like every American I’m speaking with, we’re ill about this position that we have been put in where it is the taxpayers looking to bail out. But ultimately, what the bailout does is help those who are concerned about the healthcare reform that is needed to help shore up our economy. Um, helping, oh — it’s got to be all about job creation too. Shoring up our economy, and putting it back on the right track. So healthcare reform and reducing taxes and reining in spending has got to accompany tax reductions, and tax relief for Americans, and trade, we’ve got to see trade as opportunity, not as a competitive, um, scary thing, but 1 in 5 jobs being created in the trade sector today. We’ve got to look at that as more opportunity. All of those things under the umbrella of job creation. This bailout is a part of that.”

re Post by: Alex Independent. | Sep 29, 2008 9:03:15 PM
Fact 1: Dems CONTROL Congress, both house and Senate.
Fact 2: Congress didn’t pass the bill.
Fact 3: Worst do nothing Congress ever!!
Fact 4: With Dems in control of Congress, nothing gets done. They can’t even vote appropriations on time. They’re too busy attacking Bush
Just like the scorpion trying to cross the river.

Sharon? Look up Davis, McCain’s cmpign manager – he gets a monthly check – STILL for his work as a lobbyist from the lenders and he is also paid by the McCain campaign.
If you have any time after that, look up Phil Gramm, who was John McCain’s chief economic advisor, has a been a banking lobbyist, was McCain’s co-chair, wrote the 1999 deregulation bill and wrote the bill that got us all into this mess – the 2000 Commodities Future Act – whch allowed credit default swaps. The jackal Bill Clinton signed off on both – so I’m not saying only one party is to blame – but Phil Gramm – with his asinine statements this year that economics problems were “mental” takes the cake.

Concerned in OH
More Fox propaganda they dont tell you the republicans were in control do they ?
If it was so bad they could have voted to fix it all by them selves!
Sean Hanity isnt news his fake entertainment!

Cultural Amnesia
I guess you want victory in Iraq and another 9/11 since we haven’t caught Osama.

Concerned in OH
For every 1 legislation they tried to pass regulations on, they pass 10 deregulation or loophole laws.

Cultural Amnesia |
I guess you don’t even follow McCain’s lead. “This is not a time for Blame”

Concerned in OH
Democrats vote Majority for the bill. Republicans vote in a minority for the bill. It is the democrats fault the bill didn’t pass. Someone was bad at connect the dots.
Who’s fault is it that the bill didn’t pass?

Dave in lv
Okay so Republicans are okay because they didn’t listen to McCain and voted 2/3 against the bill. The dems are to blame for providing the majority to pass the bill and they complied. So Dems are responsible for not doing enough despite Republican inaction. Woww. So Republicans refused to pay the POLITICAL PRICE in greater numbers.

Well if Obama stopped phoning it in maybe he wouldn’t have gotten faulty information that the bill would pass. It was all over the news all morning that there were still serious concerns with the bill. Loser (I mean Speaker) Pelosi helped nothing by calling people unpatriotic and blaming Bush, etc. Hey guess what 95 Dems voted AGAINST it. Bottom line is, taxpayers do not want this (dem or repub!) and many world class economic brains are saying there is a another way instead of all of us bailing out wall street and the banks who shouldn’t have given so many loans they knew people couldn’t pay back.

kathy
The democrats stepped up: FACTS ARE FACTS..
Democrats voted for 141 voted against 94
Republicam vote for 66 voted against 132
The Republican position is :
WELL WE WERE GOING TO PASS THIS BILL TO SAVE THE AMERICAN ECONOMY
BUT THEN PALOSI BLAMED US BECAUSE WE WHERE IN CHARGE FOR THE LAST 7.5 YEARS
SO SCREW SAVING AMERICA’S ECONOMY!
What a joke!

when he mentioned blame – he was talking about who is to blame for getting us into this mess in the first place, not who is to blame for the defeat of the bill!!!!! Which, BTW, even 40% of Democrats voted NAY!!!!!

So, the stock market today lost nearly twice what the bailout would have cost. Hmmm???? This could be what was meant by “it will be more costly to do nothing.” Some people need to pull their heads out of their “sandwiches”.

This is not a one procedure fix. But now WE HAVE NO CHOICE.
IF NOTHING PASSES YOUR 401K GONE
YOUR ABILITY TO GET CREDIT – GONE
YOUR JOB – POTENTIALLY GONE
Wow ….. this is sooooo stupid.
Barack Obama THE ONLY ONE WITH COMMON sense says WE NEED THIS DONE NOW and lets reassess later if need be.
THE HOUSE ON FIRE AND THE CONGRESS IS FIGHTING ABOUT WHETHER TO POUR WATER ON THE FIRE.
For the first time in my entire life I AM SCARED OF MY COUNTRY.

Concerned in OH
Employees and lobbyist are two different types of people. distinguish the two

“Distressed” mortgages aren’t necessarily bad assets, or ones that won’t be paid back. It simply means these are debts that are selling way way below their longterm value. No one wants to pick up anyone’s mortgages because housing prices are going down, foreclosures are going up, and shareholders of banks don’t want them on the books.
So a package of mortgages that might be worth a million bucks in the long term if they’re all paid back is only getting, say, $200,000 on the market. That’s what’s shrinking the credit markets.
This is a purely speculative problem. The main problem is that the underlying economy truly sucks. Unless we are investing our time, energy, and remaining money in productive industries, education, and renewable resources, we will not have helped the real economy at all.
h/t Rushkoff

This old canard! The only time MLK spoke on partisan matters was to criticize Goldwater. Also, all his friends say he voted for Kennedy.

Unless a rescue plan is passed soon, many of you who have doubted “trickle down economics” may soon witness it first hand–in reverse. The irony is wealth “trickles” down, while the loss of wealth will likely “gush” down.

Newsweek confirms the story:
Freddie Mac had previously paid an advocacy group run by Davis, called the Homeownership Alliance, $30,000 a month until the end 2005, when that group was dissolved. That relationship was the subject of a New York Times story Monday, which drew angry denunciations from the McCain campaign. McCain and his aides have vehemently objected to suggestions that Davis has ties to Freddie Mac-an especially sensitive issue given that the Republican presidential candidate has blamed “the lobbyists, politicians and bureaucrats” for the mortgage crisis that recently prompted the Bush administration to take over both Freddie Mac and its companion, Fannie Mae, and put it under federal conservatorship.
But neither the Times story — nor the McCain campaign — revealed that Davis’s firm, the Washington, D.C. based lobbying firm Davis Manafort, continued to receive $15,000 a month from Freddie Mac until last month-long after the Homeownership Alliance had been terminated. The two sources, who requested anonymity discussing sensitive information, told Newsweek that Davis himself approached Freddie Mac in 2006 and asked for a new consulting arrangement that would allow his firm to continue to be paid. The arrangement was approved by Hollis McLoughlin, Freddie Mac’s vice president for external relations, because “he [Davis] was John McCain’s campaign manager and it was felt you couldn’t say no,” said one of the sources. [McLoughlin did not return phone calls].

We could put together a plan that will get the remaining Democratic votes that are needed to pass, if the Republicans remain hell bent on forcing the Democratic Party to take ownership of this. You Republicans aren’t going to like it though.
The best model for resolving this crisis is the one that was followed in Sweden following the financial crisis in the Scandanavian countries.
We have to nationalize these companies. There is no better alternative.

Cult, get a clue. King was a target of Hoover before Kennedy was ever in office.
Someone failed US History 101.

Cultural Amnesia
He was accused by Hoover the director of the FBI and McCarthy the Republican congressman (or senator I can’t remember). Kennedy was the one that helped the civil rights legislation the most.

everym,
That just isn’t true. Wall Street may lose 1.2 trillion, but you forget that most Americans don’t have ANY retirement fund to lose there anyway!

Cultural Amnesia
Just because Kennedy died before the legislation got past didn’t mean he didn’t push it. Don’t insult me. Republicans started the Red Scare not the other way around.

It’s just like when McCain blamed Obama for high gas prices. He must think we are really stupid.

Brenda – Facts don’t seem to matter to you much at all. This mess – centered on credit default swaps – is Phil Gramm’s baby. He wrote the Bill – with the help of lobbyists in the financial industry. Look it up. December 2000. It passed on the 15th, to be exact. Obama did not have a lot to do with that bill. He also doesn’t have anyone on his payroll who is still receiving money from the lenders – unlike Rick Davis, a major lobbyist and a manager of the McCain campaign.

Most of all, what this episode teaches us is that House Republicans don’t like John McCain, and they don’t trust him.

Concerned – Are you nuts? Do you honestly think that John McCain did not receive any money from Wall Street? He has 150 lobbyists on payroll. His manager still receives a monthly check from one of the biggest lenders in this entire mess.
Jozy – John McCain has never been a champion of market deregulation – in fact just the opposite. His closest financial advisor, Phil Gramm, wrote the 1999 deregulation act, and John McCain voted for it.

Sorry Dave, as part of his severance with the lenders – Rick Davis was given a monthly check for his services which continued until last month. I guess that’s how it works with the very, very rich.

mara….He voted against it in 2006 do your homework.

Lol, they are getting sillier by the minute aren’t they? I’d laugh if it weren’t such a tragedy to see McCain keep sinking and sinking.
And the excuses from the conservative talking heads on Plain is just mind boggling. Could they possibly make Palin look even weaker. “She’s losing her self-confidence.” “She’s over prepared.” “She needs someone around her who knows her.” SHE’S A WOMAN, NOT A LITTLE GIRL ON THE PLAYGROUND!
This is embarrassing. We don’t need the first woman to rise to this level to be carried and ultimately be a catostrophic failure; it hurts ALL women.
What the heck are these Palin apologists thinking? They’re just multiplying people’s doubt. How WEAK is she? Cripes!
As if McCain wasn’t making a fool of himself all by himself, he’s got this ridiculous, pathatic woman needing so much deference, group therapy, and pity.
This is the stupidest reality show I’ve eever seen, because the entire premise oof the show is laughable, that McCain/Palin expect to lead the free world. No one would buy that story line.

I’ve never seen a bigger liar and more ethically corrupt man than John “the punk” McCain. He brings new lows to his dishonesty and snarkiness every day. I pray that he loses big. Some may not agree with his personal ideology, but Obama is truly a class act. What does it say about our country, that McCain is still close enough to steal it if he can continue to lie and attack enough to convince gullible voters to vote for him. Disgusting, sexist, sarcastic, boorish, condescending, and arrogant behavior from McCain is typical now. He will say and do anything to steal the White House. He must be stopped by voters- for the good of the country.

Liberal democrats are playing political partisanship for their hunger for power, blaming Republicans for Democrats incompetence in leadership. When McCain proposed regulation of Freddie Mac and Fannie Mae 3 years ago Democrats vehemently opposed it now Liberal Nancy Pelosi blames Republicans?! Democrats are spinning this and hoping on the naiveté of the American people.

Obama may not have the experience I wish he had, but he’s got more wisdom, judgment, education, and common sense in his little finger than McCain does apparently.
I used to respect McCain, about 8 yrs. ago, before he became Bush’s lap dog, and before he started making a complete fool of himself on a daily basis in this campaign, and before he insulted competent women by picking Preposterous Palin. She was an adequate Runner up to Miss Alaska, but NOT to the President of the United States of America.
Give me a freakin’ break.

Here is the irony of this hole deal. The Democrats needed ZERO republican votes. Obama and Pelosi could not even lead their own party to pass this thing. Then they point the finger. Obama can’t lead the Democrats when they have the majority. The leading House democrats all have their hands in this one from way back.

It’s not the perfect bill and maybe we are spending to much and bailing out corporate greed. However doing nothing is like waiting out the storm and hoping for the best.
I don’t want to gamble with our economy and I’m really appalled what the congress did today.
Both candidates did a lousy job. Obama did not take enough initiative and McCain was playing desperate stunts.
If this BS keeps going on, I’m really considering of transferring my savings to a save destination, maybe the Bank of China. Then take a vacation for the next 5 years since our economy will be in ruins and our dollar will not be worth anything.

The last 8 years of lunatic policies by Bush, Cheney et al. that has brought America to it’s knees via Iraq and financial collapse….
I remember when they said, ‘the adults were here in D.C. now’… MBA Bush would bring a CEO’s business guidance to the government… a uniter ..’compassionate conservatism’…..
poor, poor, Repubs were so offended by a speech and shot down the ‘bi-partisan’ bailout bill…. Rep. Cantor was so afraid of Palosi’s speech he was trembling while he held it in his hand….. McCain to the rescue … NOT!
it’s all unraveling, the crimes, the schemes, the lies, the corruption…….
“Special Prosecutor Named To Investigate Firings Of US Attorneys”
“Despite that lack of cooperation, investigators concluded the White House was more deeply involved in the firings of U.S. attorneys than administration officials had admitted. ”
“Republican IT consultant subpoenaed in
case alleging tampering with 2004 election”
yes sir…. the sound you hear are the doors to jail cells opening with great anticipation..
Mission Accomplished

is that dead moose I smell or is it the rank stank of republican fear ?
Mission Accomplished

Give me break about free speech…
Palin tried to ban a book from the library.

lately
Your point makes no since your attacking a free press and conparring it to germany ????
What ???

CLabs
Yeah I saw them it was like dumb and dumber palin kept looking at mccain to see if she answered right.. She looked like she was waiting for a treat!
mccain has no idea what he is doing he is just hoping americans a stupid!

If the Obamabots think Palin is so dumb do you keep bringing her up? You guys are obsessed with her and her family.
————————–
Perhaps because she is running for VICE PRESIDENT OF THE UNITED STATES?
And no one cares about her family except the republicans. We just care about her DANGEROUS lack of knowledge and her rediculously radical right wing views.

but a serious note for a sec:
It would be a good thing if someone, representing the American government actually took some time to explain to the citizens what is really happening in ‘plain-speak’… the best remedy for blind fear is knowledge and understanding….
I don’t think there are that many folks in Congress at the moment who really have a grasp on what’s happening… which is sad.
While I do believe the repubs reneged on an agreement with the Dems to pass the bill with some sort of bi-partisan support…. if the Dems believe the bill is necessary, change it, re-write it, whatever, ….
but have the courage to vote your convictions..
OK… back to my normal snarky self
Mission Accomplished

McCain is not attempting to blame the crisis on the Democrats, or anyone else. He is asking them to STOP the blame game and start solving the problem. There is really no way he could do that without pointing out their obvious partisanship and finger pointing. I have heard so much from the Dems today about blaming the republicans for EVERYTHING. It’s their fault for EVERYTHING. And as someone already pointed out, I have yet to see anyone ask Obama to explain why he voted AGAINST the regulation for Fannie and Freddie that McCain tried to get passed, and what is the connection between the money he got from Freddie and Fannie and the vote against regulating them. And yet, you go round and round about McCain’s campaign manager getting paid — not contributed to, paid — for doing what he does. he is NOT a politician, he is a lobbyist, campaign manager, public relations. It really doesn’t matter if he worked for public relations for Fannie and Freddie. That’s NOT the same as what Obama seems to have done but no one has the guts or the decency to MAKE HIM EXPLAIN. I never knew so many people in this country were so willing to lie, twist, and convolve every single truth, the way I have seen done repeatedly regarding McCain and Obama.

Bob4USA
there’s also all the ‘credit swaps’ and other arcane financial machinations that are not even being mentioned by the congress….. that from what I’ve read is even a greater amount then the mortgage and credit mess

Obama has no clue. Didn’t last week’s meeting fall apart because of him? What’s YOUR answer Barack? Let’s all come together? Is that the best you can do? His friend Bill Ayes had some thoughts on capitalism at the SDS reunion last November. It’s interesting because when he speaks, you can actually “hear” the connection between them. Maybe someone should interview Ayers. Until then Obama can just keep blaming everyone else which begs the question-if he doesn’t know the real reason all this happened, how can he possibly know how to “fix” it?

Rex,
Very true there are trillions more dollars in those investments that the 700 billion will just add to the national debt.

RL in Illinois. Seriously? Bill Ayers? He went to his house once? Doesn’t ring a bell? Has nothing to do with the economy whatsoever? Nothin’?
How about McCain’s connection with Charles Keating, jr.? Charles Keating, jr. who’s actions are actually germane to the economy? That one? Those connections? Nothin’?
Hm. I’m glad you’ll be outvoted in November, if you’re actually from Illinois.

To the people going nuts over a $700 billion buyout.(Which is starting at $250 billion initially)
I suppose you didn’t notice that 1 TRILLION was lost TODAY because the buy out wasn’t passed.
As for seniors, who’s retirement income is based on the stock market – I hope they realize who prevented the bill from pasing. This should play well in Florida.
The same people don’t care about the 1 trillion we are spending in Iraq for a war that has accomplished nothing. $500 BILLION in debt to China because of that same war.
Why don’t you get off your flag waving psuedo patriotic BS and realize if lending dries up, our economy is in recession. If nothing is done, it may be a depression.

prominent GOP strategist said on Monday that John McCain handled his role in the bailout process poorly and would ultimately be hurt politically by the failure of the House of Representatives to pass the measure.
“To a certain extent, I think John gets hurt by this,” said Ed Rollins, a CNN contributor who worked on former Gov. Mike Huckabee’s primary campaign earlier this cycle. “He obviously, at the end of the day, said he was for it. But more important than that, he said he was the one who would bring them to the table and to a certain extent he will be viewed now as not being able to do that.”

Bob4USA: I guess you didn’t notice how nasty Nancy Pelosi got today trying to get the bill passed-or her friend Barney when it didn’t pass. Maybe she has a get away house in a foreign country too? God love em. You don’t think this all has SOMETHING to do with the fact that people bought houses that they in no way could afford?

the irony of the story, if anyone remembers this, is that McCain claimed to swoop in and save the day, to show of fhis leadership. Then he took credit. Then it failed. Regardless of what side you’re on, he looks foolish. Barack stayed out of any grandstanding and gave McCain just enough rope to hang himself.

I’m a Democrat, and I applaud the Republicans who led the opposition to Bush’s bailout bill, and the Democrats who joined them. Bush simply has no credibility, and unless some smart person sits down and explains exactly what’ll happen if we don’t pass the bailout now, and why, I think Congress should take the time to properly consider the matter. This seemed like another of Bush’s attempts to use fear to grab more power and money with no oversight. I’m relived someone finally stood up to this fearmongering, though I never thought it would be the GOP. And as for McCain, how pathetic is it to ‘suspend’ his campaign and try to postpone the debate in order to go back to DC to get the baoilout passed, then have it rebuffed by his own party? McCain seems all over the place.

RL in Illinois
the mortgage part of the crisis is the least of the problem,and it’s not as simple as folks ‘living beyond their means’… those are assets whose value will have be sorted, determined and then they may be disposed of in a similar way the Resolution Trust Co. did with the Savings & Loans properties and banks during the late 1980′s…
the credit problem and all the various strange financial instruments are the real problem and are the most serious….
the credit problem if not addressed soon, could bring the economy into a severe recession…… the strange financial stuff, like ‘credit swaps’ has a greater financial liability than the mortgage and bailouts combined.
There is probably a lot more that we don’t know about.

Tom,
If we don’t pass the bailout the whole world be in a deep recession, that’s for sure!
At this moment the European governments are bailing out their banks.
We are in a gigantic mess and some though measures must be taken. It’s not a popular bill, but there are no alternatives at the moment. Doing nothing is a real scary scenario.
The whole economy will be collapsing, the recession of 1992 and 2002 is child’s play compared to this crisis.

Tom,
If we don’t pass the bailout the whole world be in a deep recession, that’s for sure!
At this moment the European governments are bailing out their banks.
We are in a gigantic mess and some though measures must be taken. It’s not a popular bill, but there are no alternatives at the moment. Doing nothing is a real scary scenario.
The whole economy will be collapsing, the recession of 1992 and 2002 is child’s play compared to this crisis.

You know it is really sad. I have never seen so much pure HATE in my life.
You know what is really funny though? You have all the loud mouth, egotistical, hot headed, in bed with Obama people everywhere being what they truly are… Loud and pure Evil.
You know what is Great about being Conservative? I have better things to do with my life… like spend time with family… enjoy life to it’s fullest… not hate every single Obama loving freak there is. Sure… I shreak every time I see a little bumper sticker saying Obama on it with his very weird VP Biden… but then I just shake it off and think to myself that maybe that person just didn’t have a good childhood… and I just feel bad for them.
You know what else is great? And this is the point. You guys might think you are winning… but guess what? Us conservative people are doing just that. Being Conservative. We are sitting back laughing at all you goons with nothing better to do but be LOUD and blame everything else on other people. It’s ridiculous. The fact of the matter is… in November when it is time to vote… all us hard working… relaxed… conservatives will finally get loud and you won’t have a chance.
Sorry Hippies!
PEACE and LOVE
Go Hug a Tree ;o)
Oh and by the way… Don’t you love killing babies… promoting gays… ruining our country with your cracked out views?
Oh also… did ANY of you fight for this country or are you just like your fearless half white/40% arab/10% black leader Obama and held little community deals in Chicago? Great work Obama!
Can you imagine that?
PRESIDENT OBAMA! What?!?! Are we in freakin Kenya or Pakistan now?
OPEN YOUR EYES PEOPLE
McCain/Palin 08′

CLabs
We are already in a recession. The bailout is to stop us from going into a depression.

The real american bob
That website is racist, and your disgusting.

The Real American Bob
Your a disgrace to humanity !
SICKO!

When Gov Palin was asked about a potential depression, she suggested Prosac.

It’s amazing seeing all the Obama support on this blog. People are really lost sticking to their clueless partisan beliefs and backing a candidate that is more clueless than George Bush himself. The DNC is making the same mistake the Republicans made in 2000. Just like Bush, Obama is not to be trusted at all. Putting Obama in office would be the same as electing Chicago’s Mayor Daley as Pres., or if you don’t relate to that, stick an Al Capone in there.. Obama and his misguided wife are out for #1, not the American People. At least McCain has proven over and over he serves this country and loves this country. He is the best choice.

“By grotesque mischance, $700bn – the cost of George Bush’s Wall Street rescue cash – is about the same figure as the same President has squandered on his preposterous war in Iraq,..”
the ultimate

CLAbs – “It’s not a popular bill, but there are no alternatives at the moment.”
There are alternatives, but no fruitful discussion about them — have you looked at any of the economist reports about why Paulson’s plan isn’t sustainable? Have you considered the number of Reps/Dems who didn’t want to pass the bill but were being railroaded toward a vote so the House could adjourn before the Jewish holidays? This vote was driven too fast, with too much unanswered, and too little support among the voters and the Congress.

dump
McCain wants to double down on George Bush’s failed idea’s….
Obama is no george bush get a clue!
Obama will be the next POTUS!
get real Republicans messed the economy up and Dems will fix it under Obama!

MM, McCain has proven that he serves his country by his years of public service which is a lot more than the 141 days that Obama served in office. The respect that McCain is given around the world is not because of a teleprompter speech designed to appeal to American critics abroad but because of decades of clearly demonstrated character and statesmanship.

MM, McCain has proven that he serves his country by his years of public service which is a lot more than the 141 days that Obama served in office. The respect that McCain is given around the world is not because of a teleprompter speech designed to appeal to American critics abroad but because of decades of clearly demonstrated character and statesmanship.
What respect? He sat on his but in congress for 26 years. Doing absolutely positively nothing.

Jenny
Nuclear Proliferation, Obama-Lugar, Ethics Reform, Death Penalty Reform, Education Reform, Health Care, Project Vote, Creating the largest political campaign in history of the U.S.

RL in Illinois
Everybody at the meeting confirm the story. Obama participated in the meeting, McCain didn’t till the end and when he did the House Republicans blew up. Every credible news organization has reported this.

From Dreams of My Father: ‘I never emulate white men and brown men whose fates didn’t speak to my own. It was into my father’s image, the black man, son of Africa , that I’d packed all the attributes I sought in myself , the attributes of Martin and Malcolm, DuBois and Mandela.’
God forbid someone emulates Mandela.

Those of you who are voting for Obama will be the same ones voting against him in 2012. Just like the idiots who voted for Bush. Yep some of you are Obama supporters. I thought so.
Obama – The DNC version of George Bush.

So in other words, because a little woman said a few harsh words about them, they screwed the bill and their leader, Dubya, to spite her?
If they can’t get along with woman, why’d they hook up with Palin?

Jenny: I’m really tired and I have to work tomorrow, but right now I’m laughing my rear end off. I hope your posts get left on. Please don’t delete her posts.

“Anyways, Pelosi attacked Bush’s failed economic policies. She could have blamed the Republican controlled 107th, 108th and 109th Congresses …”
Right, and she could have blamed “everyone should have a home” policies. She could have blamed approval of the mixing of banking/investment companies. She could have blamed congressmembers who protected Fannie/Freddie. She could have blamed all congressmembers for not listening to analysts who – in the past 2 yrs – were warning of imminent problems in financial markets.
And yet she didn’t. She cherry-picked the partisan points.
Show me where Republicans are pointing to any of the above en masse as contributing factors?

I am writing this message to inform people of the injustice being perpretrated by Fox News against Barack Obama. For the past two weeks there has been nothing but negative reporting against senator Obama by the Fox News network, which is unfair to listeners and the candidate. This networks seemingly biased opinions are not of interest to us viewers. My concern is that negative reporting like this will influence voters that are undecided of which candidate best express their wishes. I depend on these news stations for fair, accurate and just reporting regardless of the outcome whether it be a debate or any other current event and if that cant be accomplished I feel that it is grounds for that station (Fox News network) to be boycotted until they learn and understand that those types of injustices will not be tolerated. If anyone else can relate to the unfair reporting of Fox News I suggest that you join us in a boycott of this news station. PASS THIS MESSAGE ALONG.

Lets start a race war against FOX NEWS since they are the only MAJOR news service to cast a critical eye on Obama to expose him for the fraud he really is

Obama is a elitist

McBush truly is a loser in every sense of the word. Unreal!
Jiff

..this is a small part of the grand stunt of the republicans. make things work for mcbush when everybody is confused.
remember he wont do any campaign nor attend the debate, until the bailout is passed at the congress.
and this is a bush + GOP + republican appointees proposal. So when the deal fell apart on the House floor yesterday, in no small measure because most of the chamber’s Republicans balked at voting for it, the McCain campaign worked to contain the potential for damage. The first defense was to go on offense.
lies! lies! lies!
blame it to democrats and obama

Come on…don’t try so hard to make it into what it is not
The Dems (Pelosi) tried to fix the blame right before the vote
He was talking about not fixing the blame for the original crisis
If half of you are half as smart as you think you are then you already know that
Of course you may be the people Thomas Sowell was talking about here
“that is enough for those who think in terms of talking points, without wanting to be confused by the facts.”

I blame the republicans.
I blame the republicans for having the ##### to stand up to bush and his cronies and tell em to eat it.
Who’s fault is it? It is the house republican’s fault that Liberty was allowed to live another day.
It’s the republican’s fault we may actually get out of this mess.
Democrats… Why don’t you stand up for what you believe in? This bailout is a joke and you stand behind it as if it were your own. Why would anyone want to pass this?
McCain is doing nothing more than political meandering. He and Obama have had no influence on this debate in the House and yet he wants to take credit for the great strides of progress? At least Obama is trying to do the right thing and stay the hell out of it. Time to move over and let the real experts have their say.
SAVE THE AMERICAN PEOPLE!

McCain and the Republican’s to blame.
They got all of us into this mess and now want to throw $700 BILLION to their buddies on Wall Street again.
McCain is lame. He has not power even with his own Republican’s. He is a crazy, old bully who wants to fight even when he has to pick a fight. Doesn’t that sound like what Bush did with Iraq?
Republican’s should be voted out of office. No more chances to screw up our economy and blame others!

Mark, you’re buying what the Democrats and the media are selling. Research how the Democrats – going all the way back to Carter and confirmed as late as 2006 when the Dems shouted down any efforts to reform Fannie/Freddie – forced banks to make loans to bad risk consumers. Bad loans are at the heart of this mess. Lack of Congressional oversight through committees such as Barney Frank’s and Chris Dodd’s added fuel to the fire. Follow the money and see which politicians reaped the most from Fannie/Freddie and Lehman Brothers. Then come back and tell us how the Republicans caused this mess. Truth is, both parties had a hand in it and there’s plenty of blame to go around. And if you think Obama’s going to come charging in on a white horse and clean up the mess – note his position on the F/F and Lehman lists and remember – he’s only been in Washington for three years!

How about voting only at the local level, having some of the highest voter turn outs, and not voting at the national level because we now know it does not matter how the”average” American feels about issues…neither party listens. Hit them both were it hurts in their political numbers…don’t you think some of the ways the $700 billion will be spent will hurt the people. VOTE LOCAL ONLY…THE ONLY PLACE YOUR VOTE COUNTS AND YOU CAN MAKE A DIFFERENCE.