McCain on AIG

McCain states “We need strong and effective regulation” – This is coming from a man who fought for deregulation and has a campaign run by lobbyist who fight such legislation? This coming from a man who now has to lie about his crowd size? Thanks , but no thanks – McCain can keep his snake oil.

Exactly! He doesn’t know what he’s talking about! Pathetic!

As his poll numbers drop he will do and say anything.

we have a commission is’s called THE COMMERCE COMMITTEE which McCain has been the CHAIRMAN of for years. McGoo was blindsided.
the maverick has been asleep

McCain pushed through legislation sponsored by Sen. Phil Gramm, who is an economic adviser to his campaign. The Gramm-Leach-Bliley Act aimed to make the country’s financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies. hmmmm….. I wonder where the problem is? darn this financial crisis!

All you need to do is look at McCain’s record. He has NEVER supported regulation. He has ALWAYS clearly stated that he supports deregulation. Even now, he refers to existing regulation as “handicapping” our markets, as if less rules and a more “pure” market would lead to better results.
Imagine for a second your social security being bound up in McCain’s market. Then a “correction” hits…

This likely is a smokescreen as this reflects contributions of employees. Are you saying the fact that the receptionist at Lehman who contributed to Obama should be in the same category as the partner who contributed to McCain?
McCain received $117,500 from Lehman Bros.
Obama received $370,524(!!) from Lehman Bros.
John McCain got $36,875 from AIG
Barack Obama raked in $75,899
Top Recipients of Fannie Mae/Freddie Mac Campaign Contributions, 1989-2008
1. Dodd, Christopher $165,400 in 15 years
2. Obama, Barack $126,349 in 3 years!!

John McCain:
“One day he says one thing, and the next day he will say something else.”
Not quite as catchy as Country First.

McCain just said he’d find some other people who know what’s going on to fix the economy.

Rick…the money comes from the employees of those companies and do not represent the companies themselves. The total amount each person can give is $2300. All that says is that more of them think Obama would be a better President.

Funny I didn’t hear any outcry when stocks were soaring upwards and home prices were rising. In fact, when John McCain warned that Fannie and Freddie were headed for disaster, Congress blocked any interference that might have helped avert the financial meltdown America is now in. Everybody in America felt they were entitled to a home – and Washington was glad to sit back and let the economy roar.
Well, America’s chickens are coming home to roost. And there’s plenty of blame to go around from Wall Street to Washington to the Americans who knew they were in over their heads and now want to play the hapless victims.
America has been long overdue for a “correction”. We avoided it when the dot.com bubble burst; we avoided it after 9/11; we cannot avoid it forever. And as hurtful as this is, the longer we put if off the more painful it will be.

McCain campaign clamps down on questions in Alaska – From Yahoo
JUNEAU, Alaska – GOP vice presidential candidate Sarah Palin is effectively turning over questions about her record as Alaska’s governor to John McCain’s political campaign, part of an ambitious Republican strategy to limit any embarrassing disclosures and carefully shape her image for voters in the rest of the country.Republican efforts include dispatching a former top U.S. terrorism prosecutor from New York, Ed O’Callaghan, to assist Palin’s personal lawyer working to derail or delay a pending ethics investigation in Alaska. The probe, known as “Troopergate,” is examining whether the governor abused her power by trying to remove her former brother-in-law as a state trooper.
When a reporter for The Associated Press asked the state’s Department of Health and Social Services about lawsuits involving state health policies, he was directed to call Meg Stapleton, a former spokeswoman for Palin now working for McCain.
She’s no change agent, she’s just the same. She lies a lot too and she can’t be trusted.

Is it me or was it just completely awkward when says of the people he had dinner with that “they are the fundamentals of the economy and they are strong.” That’s not how you talk about people. Nice try McCain, trying to cover up your gaffe.

McCain has a pronounced
distaste for dealing with
domestic problems – whether
it is energy, economy,
health care or any other
issue.
Since the end of the Vietnam
war he has spent all his
waking hours promoting himself
as a war hero and a self-appointed
protector of homeland security.
He has been so successful at it
that even in this presidential
contest, his opponents both
Republican and Democratic, until
just recently, would not think
of speaking to him directly without
first acknowledging his military
service, whether they were in
his presence in a debate, or they
were discussing him and his
policies in a tv interview.

lets get a commision together so we can study this stuff for years and then after weve stalled and the economy is crap and the reports are finally filed, ill make a decision on what to do…
mccain has failed…..

Bhrandon – I’d rather see an objective commission really digging into the drivers of the financial markets struggles and the best way to correct them, then Pelosi/Reid marching more CEOs into Congress to “probe” why they and Republicans are the ones to blame.

Who knew there were so many economic experts out there. Someone pls tell the rest of us, specifically, which part of Gramm-Leach-Bliley lead firms to make bad business decisions and what regulation/oversight by the federal government would have stopped that? Let’s also discuss how Dems would have/will manage the financial firm failures differently?

It is so funny how McCain talks about economy when he previously admitted that he does not know much about Economy. HAHAHAHAHAHAHA. He should not be trusted at all……

McCain is going to “drain the swamp”.
by draining Wall Street now awash in losses and discharge those losses onto
Main Street.

Actually, McCain said he did not know as much as he should. Well, guess what? None of the politicians do, including Obama. That’s why every single one of them has advisors.
As for the Glass-Steagall Act, it was established in 1933, was extremelly outdated, did not represent the times, and had problems. That was why the Act was repealled and why Clinton agreed with having that Act repealled.

OBAMA has ZERO experience, yet he is at the top of the ticket. Sarah Palin has made more executive decisions as a Mayor and Governor than Barack Obama has made in his life. Yet she is at the bottom of the ticket.
MCCAIN-PALIN 2008, HERO NOT ZERO

McCain and Palin are ‘disappointed’ about the taxpayer bailout of AIG. McCain vows to keep American jobs and assets safe. Apparently, he won’t ‘tolerate’ a system that puts American families at risk. I wonder if this intolerance shares any commonalities with the way that he also doesn’t tolerate terrorists. And as with that problem, is there any hint of acknowledging a degree of shared responsibility? Doesn’t McCain perhaps participate in this system that he won’t tolerate? Or is it that he does tolerate it now, and has tolerated it in the past, but plans on stopping tolerating it if he gets elected?

hey CHG , is there any particular reason we couldnt do both?
sounds like you are somehow connected to investment banking upper management to me…most probably a republican in upper management somewhere trying to pass the buck.
this is a REPUBLICAN problem. THE REPUBLICANS have had the lions share of power in the senate and congress and white house for WAY TOO LONG AND THIS IS WHAT HAPPENS WHEN YOU LET ONE PARTY RUN THE SHOW WITH NO OVERSIGHT!!!
i dont want to hear any blame laid on any democrats for the last 4 sessions of the house and senate ,the democrats have been muted and unheard for the most part , so dont start blaming the democrats for overtly republican policies that were rammed down their throats because YOU the moronic voter allowed to to be that way…
THE MORAL OF THIS STORY/FIASCO? YOU CANT HAVE A SOLID REPUBLICAN GOVERNMENT WITHOUT BIG TIME (REPUBLICAN LEGALIZED) SWEETHEART DEALS,EARMARKS ,GRAFT AND CORRUPTION,BLAH BLAH BLAH…ITS DISGUSTING AND THEY ARE ALL ELITISTS AND DO NOT CARE ABOUT ANYTHING OTHER THAN THE PROFIT MARGIN ON THEIR GLUTTED PORTFOLIOS.
LOOK AT THE REVERSE SOCIALISM THAT THE REPUBLICANS ( THE FED AND TREASURY DEPT.) ARE GOING TO USE TO MAKE WHAT SHOULD BE A RUDE AWAKENING FOR THE CONNIVING BANKING CHEATERS INTO A SOFT GOLDEN PARACHUTE LANDING FOR THE RICH AND POWERFUL…
…sigh…

opps last comment was @ DBL

Palin’s fiscal skills:
As mayor put her town deep
in hock to the tune of
22 million dollars.
Her ethics or lack thereof:
Currently under investigation
for ethics violations and
abuse of power as governor.
Doing her level best to block
the probe after first promising
full cooperation.