On Economic Bailout, Biden Brags on Obama & Blasts McCain

“We cannot and we will not simply bail out Wall Street without helping the millions of innocent homeowners who are struggling just to stay in their homes,” said the Delaware lawmaker
Senator Biden (D-MNBA) is the last guy who should be talking about homeowners. How much did his son get from the bank again?

What a joke Biden is. Obama’s leadership on possibly the worst financial crisis in 100 years and maybe ever and Obama says “call me if you need me”. My word he is a U.S. Senator and listening to his campaign has this insight into everything. Consistent with his past history he is awol-he voted present in the Illinois legislature; he votes present in the U.S. Senate; he chairs a committee in the U.S. Senate that has never met. No wander he never joined the military as he would be locked up for being awol. He is no hero; he is no leader; he is simply that editor in chief of the law review that never once authored an article.

Obama made the first move, he shows good judgement and he shows that we the people come first. Thanks Jake for some truth.

Facts: Bush/Republicans tried to reign in Fannie Mae and Freddie Mac five years ago. They proposed regulatory and administrative oversight of both. Who opposed this and defeated it-the DEMOCRATS led by Nancy Peloski; Charlie Rangel; Joe Biden; Christopher Dodds. Why-because they wanted to continue a mortgage program for people who could not afford a mortgage. And who is on Obama’s economic staff but two of the executives of both of these companies. My God how stupid do these people think Americans are?

McCain = hand fed….. Can’t whip his way out of a wet paper sack… A first class Lier…. A first class EMPTY SUITE….

this is for Geevil
Do you know how much he got???..if you can tell us we would like to know…know your facts before you spew them out…

It is about time someone called McCain out. He is playing politics with a MAJOR issue.
He’s such a load of BS… who would have thought?

samhiguchi, so by yoru reasoning, since the wall street gurus signed off on those bad loans shouldn’t they just wallow in the pain?

From:
Head of State
http://headofstate.blogspot.com/2008/09/mccain-and-bushs-kabuki-theatre-mccain.html
Thursday, September 25, 2008
Credit Where Credit Isn’t Due: McCain and Bush’s Kabuki Theatre
Now we know why McCain hired the Bush contingent.
It emerged in the White House briefing today that McCain called Bush and asked him to initiate a meeting today at 4 pm at the White House, putatively for him to “deal with” the crisis.
That is, McCain asked Bush to help him create an trifecta: To try to lend some credence to McCain’s desperate assertion that a suspension of his campaign is necessary, in effect either avoiding a debate in which he would face critical questions about his stance on the economy or marching in claiming “victory”; attempting to co opt the financial crisis thereby trying to put an end to his plummeting in the polls created by his flailing positions on the economy–perhaps best reflected by his statement days ago that the “fundamentals of the economy are strong”; and perhaps buying more time for Sarah Palin after her embarrassing photo op at the UN yesterday, by moving her debate forward as well.
Here’s how it happened, according to Q and A at the WHB:
McCain emailed Bush asking for the 4 P.M. meeting. Now, one reasonably might ask, why is today such a necessity for McCain, if his interest is solely the national good?
Because it is before the debate. McCain hopes to stage a meeting at the White House, thereby, with Bush’s cooperation, lending plausibility to his claim to need to suspend his campaign. Then, if Republicans, in their own electoral interest, can be persuaded to come to agreement, before the debate, he would claim–in an act of utter stage management–to have “resolved” the crisis. Thereby hoping to take the heat off on his past careening stances and sliding polls and staunch the bleeding on the polls–before the debate.
This is Kabuki Theatre masquerading as substance–no different than what we saw at the U.N. yesterday.
It is utterly stage managed, utterly cynical, and utterly unrelated to the substantive deliberation necessary to actually resolve these matters on the merits and for our nation’s future, rather than for short-term and desperate political advantage.
These occurrences are equally important for what they indicate about McCain’s governing style as they are for their impact upon democratic process: impulsive acts that rely on drama and theatrical posture rather than substantive reasoning and long-term deliberation; a strong willingness to sacrifice substantive reasoning, deliberative process, and even prior structures and agreements to immediate political need; an attempt to reach outcomes through last minute stage management rather than substantive argument.
These should create deep concern for anyone who wishes for a change in governmental process from the past eight years.
We have an economy, rather than a campaign, to rescue. Putting nation before politics means putting all attempts to resolve it before political attempts to co opt it–and to move towards one’s commitments, rather than towards a more immediate and short-term salvation.
Cite:
Head of State
http://headofstate.blogspot.com/2008/09/mccain-and-bushs-kabuki-theatre-mccain.html

What a great guy! I love Joe Biden.

Poor Biden. Does he realize how ridiculous he makes himself sound? I have read that he is likely to step aside and use health reasons as an excuse so they can allow Hillary to step in and take over as VP. That shows their desperation.
What a travesty.

Obama acted Presidential. McCain acted like someone trying to move up in the polls. You don’t have to be a veteran to understand how the economy works. He was editor of one of the most influential legal publications in the world and a professor at one of the most prestigious universities in the world. You don’t get either position without having the ability to handle multiple crisis or work effectively across a wide swath of ethnic, social and economic levels. John obviously doesn’t have a clue what an editor does, or else he wouldn’t have rediculed Obama for “never once authoring and article.” Having been both an editor and an author, I can tell you that authoring is the easy part.
McCain suspended his campaign because he doesn’t have someone he can rely on in times of crisis. Palin is a bubblehead (the Couric interview shows that). Obama called him first about a joint statement. His reply was a “Hail Mary” to try to restart his faltering campaign.
McCain, the veteran, voted against every bill to support veterans, including the Veteran Bill of Rights. Only after he was thoroughly embarassed by fellow veterans (and wanted their vote) did he jump on the VBR bandwagon. McCain is a flip-flopper and we need a President.

“McCain acted like someone trying to move up in the polls.”
No need.
Gallup
McCain 46%
Political hack 46%

“He reached out. He picked up the phone and he called John McCain.
Wow!! Joey Obama phone…and that’s all he did!! but he refused go back to D.C. until the president summoned him. Did he forget he is still a senator? What happened to I work for you the american people. Typical Obama a day too late.
Vote present..

What is a travesty is McCain politicizing a national crisis. McCain is been deplete of honor or integrity.

Fran: “I have read that he is likely to step aside and use health reasons as an excuse so they can allow Hillary to step in and take over as VP.”
From where did you read that?
It sounds ludicrous on its face, because if there was a shred of truth to it, wouldn’t this be a pretty closely held secret… and thus not available to read about?

We should let Wall Street fail – period.

Sloppy Joe Biden… What a TOOL!
Barack Hussin Obama… What a FOOL!
Put them both together… What a STOOL!
Vote Obama/Biden and you have no one to blame but yourself!

Yea I just love the way Bush and Mcbush
are doing our Ecomony … they dont
Need Obama…they are doing just Great!
“Our Economy is strong” …statement
form GW.Bush and McBush…
2 Weeks Later “My Friends we are on
the Brink of the 2nd Great Depression”
NO THEY DONT NEED OBAMA …
Them two Bush and McBush are doing
Just fine as hairs on a Frog…..

t

This incompetent McCaine, lurching from one extreme to another and trying to one-upmanship Obama after Obama called on him to act together to deal with the economic package in the congress.
McCaine has demonstrated time and time again that he does not have the temperment or judgement to be president and further more he does not understand how to make executive decisions. He makes impulsive kneejerk decisions that are not becoming of a leader of any ilk much less the most powerful country in the world.
His election to be president will be a dangerous time for the world.
Obama has demonstrated the demeanor, good judgement and calm thoughtful intelligent capacity to be President and commander in chief and if it weren’t for the closet racists this election would be a landslide.

Uh, oh, looks like the bill may have been completed. What lie is McShame going to give us now to get out of the debate? He lied about suspending his campaign, so what story is he going to give us now? There’s 2 wars going on, and he needs to work on that now?
Why did the republicans pick a guy who is so bad at lying? They were so good at it for so long.

mccain couldnt even come back to the senate this year when the GI bill was up
he didnt even support the bill, he said it gave the GIs too much, and proposed his own bill… too bad everyone agreed with webb and denied mccain crappy GI bill
then whats mccain do
he takes credit for hte passing of hte bill
as if he didnt oppose it and not vote for it
and now, suddenly after months of NOT showing up for his day job
he shows up to sit in his office while the real people handle the business and hammer things out
mccain just wants to attach his name to stuff, he has done NOTHING

McCain’s Travelling Circus:
My Friends, for my next clown trick, I plan to lose this election by a massive landslide. My poll numbers are in the tank and are in a nosedive the closer we get to this election. My VP selection is a joke. She can’t even speak in complete sentences! My campaign manager didn’t tell me he was still being paid by Fannie Mae and I JUST CAN’T TAKE IT ANYMORE!
I’m taking my ball and not playing anymore, said Little John Sydney.
By this time next year, my future plans include shooing imaginary trolls off of my wife’s lawn while sipping on a tall, warm glass of buttermilk.
I also now realize that turkey buzzards could attempt to, but could never fly with Perigrine Falcons.
That Obama just drank my milkshake!
POTUS OBAMA – EVEN MCCAIN KNOWS IT’S A LOCK!

With all that crap that the republicans have caused for this country, I think they are trying throw the election. Why else would you pick a bumbling old man who can’t remember his own lies?

He has McShame

besides, if he is a republican, he is a lier. It is a requirement.

One of the things we need to do to straighten out the financial woes is to get rid of Barney Franks and Dodd…their leadership over the committees they oversee has caused this problem, their head in the sand attitude toward Frannie & Freddie can only be called obstinate, arrogant and abysmal. If they stay at the helm, they will bury us so deep in debt that we will never see the sun. Get rid of them…that is step one to recovery.

McCain as CINC? YES!!! (Chicken in Charge)
Cynics, how does it feel to see your John Wayne, Great White Hope, donkey in a thoroughbred horse race candidate reduced to a dysfunctional Bozo the Clown?
Did the Bi-Racial man drink all of your milkshake???? Come here. Moma’s gonna take you moosehunting with a bb gun. (Said Palin)
THIS IS GOING TO BE A MASSIVE LANDSLIDE
POTUS OBAMA – So Easy

You are a liar.
The Republicans are the ones that killed any regulation and oversight of Fannie and Freddie.
McCain himself brags about it. He calls himself a deregulator.
Stop lieing Sir. Have you no shame?
Posted by: Steve_NJ | Sep 25, 2008 3:54:50 PM
—————————
Nay nay stevie it is you who lie!
“In light of the collapse of Fannie and Freddie, both John McCain and Barack Obama now criticize the risk-tolerant regulatory regime that produced the current crisis. But Sen. McCain’s criticisms are at least credible, since he has been pointing to systemic risks in the mortgage market and trying to do something about them for years.
In contrast, Sen. Obama’s conversion as a financial reformer marks a reversal from his actions in previous years, when he did nothing to disturb the status quo….All the Republicans on the Committee supported the bill, and all the Democrats voted against it. Mr. McCain endorsed the legislation in a speech on the Senate floor. Mr. Obama, like all other Democrats, remained silent….If the Democrats had let the 2005 legislation come to a vote, the huge growth in the sub prime and Alt-A loan portfolios of Fannie and Freddie could not have occurred, and the scale of the financial meltdown would have been substantially less. The same politicians who today decry the lack of intervention to stop excess risk taking in 2005-2006 were the ones who blocked the only legislative effort that could have stopped it.

hp boston
john mccain is a deregulator
sorry….
please also get your facts right, mccain hasnt been back to work in months months man
your candidate is pulling an about face and trying to stall
mccain is a liar, just as your statements are lies
and your lack of knowledge is outstanding
but then again that is probably why you support mccain

realist,
can you comment without insulting?

If only all politician’s can be as sharp with the facts..like, um, Biden?

Not when I am talking to republicans. They have been belligerent to our common sense for so long it is just turn about, and that is fair play.
As a matter of fact, I have had to spend 8 years having my intelligence insulted, and now that the republicans house of cards has fallen, it is time to kick them while they are down. They are the one’s who pick this circus to represent them, so if they don’t like the insults, it’s just too bad. BEsides, why lie if you don’t like being called a lier?

Come on ABC – for crying out loud. The polls are 52 to 43 percent in favour of Obama. Do you think anyone believes this? YOUR MEDIA BIAS IS STICKING OUT AGAIN !!!

McChicken.

NO, JOHN – YOU CAN’T CANCEL SARAH PALIN’S DEBATE.
Posted by: Ed from MA | Sep 25, 2008 3:01:23 PM
————————————
Not to worry EDDIE. Governor Palin will be there, she will bring tissues for Joey, he tends to get very emotional these days. She will be kind to him as he has been very, very ill in the past but his hair is growing well(new plugs) so the scars are covered now.
Governor Palin as a past Mayor and now Governor of the largest state in the union will have a great debate! She and Joey will have many things to discuss and I bet the Governor will let Joey hold the baby……..

Joe “Plugs” Biden is the smartest guy in the senate. Ask him and he will tell you that.

This bail out isn’t going to solve the basic problems with the economy. People just don’t have the money after paying for continuing increases in necessities like gasoline, food and health insurance…living paycheck to paycheck just to pay their bills… People that were making good salaries before the Bush administration took over.
If they want to spend that kind of money, then set up a fund like FEMA
1. Businesses could apply for low interest loans from the fund instead of a financial fat cat. That clears up Bush’s argument about ‘credit freeze’. I saw a lot of banking commercials after the speech; credit doesn’t seem to be a problem.
2. Allow retirement funds to buy Treasury bonds at the same interest rate they were getting in the stock market. Retirement funds should not be in the stock market at all! That clears up Bush’s argument about retirement funds.
3. And for the homeowners who are defaulting…for those who had unforeseen occurrences like cancer or lost their job due to ‘downsizing’, grant them another loan on a different house they can afford, not keep their current homes.
The rest–I think the number of reported foreclosures is bogus. People are taking bankruptcy not due to their home mortgage, but the economy. The change in the bankruptcy laws came down on ordinary people, not the fat cats who risk their money (which is really someone else’s money) and expect to still make their outrageous bonuses and salaries. I don’t know of anyone who is foreclosing. I think this is just another excuse (like gas prices) to blame it on ‘the people’ instead of those making millions.
Let the ‘market’ take care of the financial institutions. There is a reason they call it, ‘playing’ the stock market. Investors, foreign or not, knew they were taking a risk.
Nothing is guaranteed except death and taxes. AND those taxes shouldn’t be going to a fat cat.

hp boston
palins going to need some flash cards so she can write all her answers down before hand
palin is the most pathetic candidate ever picked for vp
her interviews are horrible… i mean no wonder they keep her away from the press she has no idea whats going on

actually redddog he proposed this commission day 4 into the economy is strong week
err ri mean crisis
oh, and his oversight about freddie and fannie, yea he warned of them, but he never did anything to stop them, and he helped gramm deregulate the banks and the morgages
he is after all by his OWN WORDS a deregulator
adn THAT is the reason we are in this mess
because wall street was deregulated
mccain has flipped his campaign soo many times this election, i wonder if he knows where he actually stands now on any position?
wait… am i still against that or did is ay i was for it… crap cant remember
i need to cancel these debates

I swear all you people are ignorant fools out there. Did anybody else notice the complete bias on the side of Obama/Biden by ABC? Two days ago, McCain said he was suspending his campaign to go back to Washington to work on this bill. What did Obama do? He mocked McCain and said the debate was more important. It was McCain who called Obama to ask if he would head back to Washington with him. But all you retards out there only want to hear your own side of the story. There was no reference to anything out of the McCain camp about what Biden said. Read any reputable paper and there will be facts and sources from both sides of the issue. Get a clue and quit drinking the Kool-Aid every time its handed to you

In 2005– Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending.
Democrats blocked this reform, too.
More… Not only did democrats not act on these warnings but Barack Obama put one of the major Sub-Prime Slime players on his campaign as finance chairperson.
UPDATE: The media is not reporting that the failed financial institutions are big Obama donors.

I see a trend here…..
McCain backers typing little back stabs that have no substance whatsoever / repeating the lines McCain’s desperate attempts to be little Obama.
Then I see Obama backers, carefully writing with integrity and truth.
I challange all of you to ask yourselves why smart people all over the world support the Obama/Biden ticket.
Example: http://www.economist.com/vote2008/
If you have any common sense don’t put the Flipflop Hero and Alaskan Cupcake in the White House!

wall sreet is a result of fannie and freddie and easier credit standards tha the democrats wanted Look up cra

26 years in congress
constantly touting he is a deregulator and suddenly 4 days ago hes a regulator
BS
he didnt say anything about this crisis this year? or last year?
no only in 2005…. and then… whatever he ignored it no big problem
but not obama
hes been talking about this for 2 years
currently talking about it
mccain blames obama for bs ties to freddie and fannie, and yet mccains camp is tethered to teh hearts fo the companies
you cant attakc soemoen for doing something and then do it yourself
THAT IS A HYPOCRITE
your presidential nominee is a hypocrite
worst presidential ticket ever
mccain palin

I too see a pattern. Obama people excel in name calling. It’s better than an elementary school playground. Smart people? Integrity & truth? Read the dem blogs and their childlike “Mcnames” (ha ha so clever)

David Linsay:
Obama said that a president needs to be able to handle 2 things a once.
He did NOT say that the debate was more important. GET YOUR FACTS STRAIGHT!
Also Obama called McCain first to work out a bipartisan agreement, then McCain called him back.
McCain wants to delay his debate so that Palin won’t have a chance to show off her mad debate skills.
*******************
David Letterman’s Top Ten
The Top Ten Questions People are Asking The John McCain Campaign
10. “I just contributed to your campaign – how do I get a refund?
9. “It’s Sarah Palin – does this mean I’m pars’dent?”
8. “Can’t you solve this by selling some of your houses?”
7. “This is Clay Aiken. Is McCain single?”
6. “Do you still think the fundamentals of our economy are strong, Genius?”
5. “Are you doing all of this just to get out of going on Letterman?”
4. “What would Matlock do?”
3. “Hillary here – my schedule is free Friday night.”
2. “Is this just an excuse to catch up on napping?”
1. “This is President Bush – what’s all this trouble with the economy?”

pollingreport.com
Gives all polling numbers including gallop

/gets off swing

mccains now calling for writers to write letters to the editors as whomever they want to be, could be rich or poor, coudl be old or young
write about whatever you want, just make sure it adds to the campaign
lol pathetic
mccain needs to write fake letters to the editor

reddog
so you dont think mccain was at the heart of the keating five?
LOL
i have a bridge i want to sell you
LOL

What did Obama do?

Who lowered standards for the mortgages Bhrandon ??? who Lets talk about today lets talk about stuff that happened this decade when Your Man could of made change or proposed change in this crisis

Senator Joe Biden has years of foreign policy experience in comparison to Sarah Biden who “can see Russia from Alaska” and is desperately trying to catch up on learning her lines as a prop for the corporate leeches that run our government. No way does the GOP want her in a debate against a pro like Joe Biden.

Obama and Biden are killing McCain.
Now McCain is trying to weasel out of the debate like he did when he was running against Bush in 2000?
What a coward.

Your govt. is stealing from you to bail out billionaires… When are you gonna say ENOUGH! Oh, right NEVER. I’ll meet you in IRAN after the draft. Obama’s pastor may have been right after all!!!

reddog
ok lets talk about today
lets see, this year obama talked about the impending doom on wallstreet (not 3yars ago)
he has issued several bills through the banking committee…
mccain has issued zero
obama has shown up to congress to cast votes for important bills in teh last 6 months, mccain has not
well… until today.. but then again nothing was voted on, and he wasnt a part of any of the talks, only the photo op with the president where he takes credit for doign something he had nothing to do with
then theres the phone call yesterday from obama saying we need to figure out a way to come together help members of congress, and coming out separate wouldnt be any good, we should issue a joint statement since the basic 5 principals we have outlined we agree on 4 of them
(the only one mccain doesnt have is to help tax payers keep their homes if the economy totally tanks)
he figured that since their proposals were fairly similar they could really help push the bill along
mccain calls back says ok lets do it
then he goes on tv and suspends his campaign and acts like he came up with it
then says hes flying back to DC to save the day
and spends the night in new york… and most of the day..
when did he get to DC today? oh… somewhere around 11
how many times has he called senator Dodd the man who is the lead on this bailout?
zero times
he hasnt even contacted senator dodd
obama sure has
who had a strong steady hand all last week?
oh… it surely wasnt mccain, he spent every day last week fumbling from one message to another, from one misstatement to the next… his proposals were bogus, out of touch
the only thing he could think to do was ratchet up the negative ads and try to change from the economy to anything else

yea she said that, and she was proven wrong
can she get through ONE interview without looking like a fool?

Ok then why didnt obama want to do something about freddie or fannie before it got to this point??? He was to busy doing what he was there was he not???Was barney frank there.You are going on stuff that obama said happened you nor I was on the phone or in the rooms stop assuming

Hey when would you want to know about a leak in a pipe when its dripping or do you wait itll it burst.I guess the democrats basments are flodding right now.

Dana: Getting major problems that could negatively effect Americans for years is more important than a debate. If you want to know the true information on the candidates look at their voting records. Here is website for you:
http://www.votesmart.org
You find out more about a candidate, their policies, and what they truly think from their voting record than any debate.
Also McCain asked for several debates and Obama asked for the minimum and for the debates to happen the last month before the election. Obama got his wish. Well I would rather the candidates work to fix the financial mess than to accede to Obama’s demands again.

McCain wanting to postpone the debates is a clear political stunt. Nothing more nothing less. If you think otherwise your wrong.
He does not want to debate obama on the economy because he simply doesnt have the expertise.
Look at the polls. Most americans think Obama is better suited to handle the economy.
Out of desperation McCain suggests cancelling them.
You republican trolls need to face reality.

Stan: Obama is in a bit of a jam right now. Most of his goals can only be reached by further taxation. Obama himself said if the economy got worse he would have to hold off on his tax plan. Well, the economy got worse. It’s pretty sad when the very foundation of your plan is unachievable.
Here is another fact for you. Voters say that while they are more likely to vote Democrat for Congress, they rate Obama as more of a talker than a doer by 20 points and rate McCain the opposite by 15 and, by nine points, they think the Republican ticket has the better judgment than the Democratic nominees.

mccain had to suspend his campaign because he didnt want to talk about hsi campaign manager being on the freddie and fannie payroll
after repeatedly trying to tie obama to the two establishments… it was mccain all along stuck in the cookie jar
he also ahd ot do a katie couric interview to pull some of the punch away from palins terrible interview
no wonder he doesnt want her talking
him and his campaign….
failures

If you truly cared about the payroll of Fannie and Freddie then this fact would have you running from Obama faster than anything. hat would be over $250,000. Obama was #2 in getting contributions from Fannie and Freddie. #1 was Obama’s economic adviser. McCain got about $60,000 from Fanny and Freddy, not even half what Obama got.

Wasn’t Biden in the senate during Carter’s administration? This is when inflation went to 20% and many farmers went broke right after Reagan became the president? And now he wants us to believe that he can handle the situation today better than McCain?

Can anyone please tell me about Obama’s actual political accomplishments. I don’t care what committees he sat on or who he knows. I want to know what bills he has written and passed which turned out for the good of the American people. He spent millions of dollars in his section of Chicago, yet poverty and crime rates are as high as they ever were. Please tell me something that will make me feel better about Obama.

mccain lies again…his campaign was NOT suspended like he said to the American people.
http://www.huffingtonpost.com/2008/09/25/mccain-campaign-still-act_n_129327.html

If two new polls are any indication, all the lying and adver-sleazements coming out of the McCain campaign could be starting to take a toll on his maverick straight-talker image.
Some advance numbers from a new New York Times poll tell the story.
Fifty-three percent say McCain is attacking the other candidate, versus only 35% who say that Obama is the attacker. Meanwhile. only 38% say McCain is explaining what he would do as president, while 56% say that about Obama.
Obama is also winning among independents on these questions: Forty-four percent of them say McCain is attacking Obama, while only 36% of them say Obama’s attacking.
Separately, Steve Benen has a nice catch from the new Washington Post poll. Obama has a double digit lead on the question of which candidate is seen as “more honest and trustworthy,” 47%-36%. Interestingly, this is quite a shift: The two candidates were roughly tied on this question in July and August.
The McCain campaign gambled that it could take the campaign to unprecedented heights of dishonesty, no matter what the press said about them, without it dragging him off the pedestal he’s been placed on by a decade or more of glowing media coverage. Maybe not so much. We’ll see.

Meet Barney Frank, One of the Architects of Fannie Mae’s Collapse
“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
- Barney Frank, September 2003
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=2

NYT Revealed True Cause of Fannie Mae Crisis — In 1999!
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
“Fannie Mae has expanded home ownership for millions of families in the 1990′s by reducing down payment requirements,” said Franklin D. Raines, Fannie Mae’s chairman and chief executive officer. “Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.”
- New York Times, September 30, 1999
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1

I’m with Beck:
The statistics that I have seen indicate that 96% of the homeowners that are “struggling” overbought. I have a huge problem with the bail-out (keep these people in homes that I knew I couldn’t afford). I bought a house that was within my budget (what a novel idea)! Now, I’ve got to pay for my $100,000 home and the other fellow’s $450,000 home. Something is terriby wrong with this policy!
For Americans who need help because of work loss, health loss, personal catastrophes – that’s where I want my tax dollar to go!

McCain Runs And Hides From His Past:
John McCain running from the debate with Barack Obama is unacceptable, and COWARDICE! There are over 350 members of congress to deal with the US economic collapse. And even more capital hill aids, advisers, and experts to deal with the economic catastrophe created by the corrupt Bush McCain presidency and the past republican controlled congress.
Every American, and TRUE! patriot needs to demand that John McCain debate Barack Obama and tell the American people how he is going to fix this economic catastrophe that he (John McCain), Bush, and the past Republican controlled congress created.
Contact the news media. Your local papers. And demand that they hold John McCain accountable to debate Barack Obama. Contact all your friends and ask them to do the same. Call your senators, and congressmen and tell them that you expect “Let Them Eat Cake” John McCain to debate Barack Obama on this economic catastrophe that John McCain and “Let Them Eat Cake” BUSH! created.
It’s time to get ANGRY! America. Tell John McCain you want answers, and you want those answers NOW!
He can run. But he cant hide anymore.
What ever congress does to try and fix our stunning economic catastrophe needs to be done very carefully. Congress needs to take their time, and be sure of what they are doing. Whatever is done needs to be sharply focused at helping, and protecting the best interest of the ordinary Americans. In particular the vast American middle class. 700 billion dollars is a lot of the peoples money to spend to bail out a bunch of corrupt Bush loan sharks.
My fellow human beings, just as I warned you ahead of this catastrophic economic meltdown, I must now warn you that what is a head has the potential to be even more catastrophic than what we are going through now. The worlds geopolitical landscape has been booby trapped by the Bush McCain administration and their republican allies in congress. These booby traps are poised to spring at any time.
Fortunately the Worlds Nations have been blest with many excellent leaders (except the US) who have been careful, wise, strong, and self-restrained in dealing with the provocations, and antagonism’s of the Bush, McCain administration.
Barack Obama and the democrats are your best hope now. Tell your family, friends, and everyone you know to support them as best you can, and vote for them like your life, and the lives of your loved ones depends on it. Because it does. You will not survive 4 more years of Bush McCain.
JACK SMITH – WORKING CLASS…

I almost wonder if McCain is planning on voting ‘no’ against the bill. That way he can stand up and say he voted no. If he pulled all of this just to set up a political trap, it would really show he is deceptive to the extreme.
The american people are smarter than this. Plain and simple.
I don’t know what kind of game McCain thinks he’s playing, but I truly hope that both the press and the American people call him out on it.
You don’t delay a debate unless you put yourself first.
You don’t pretend to stop your campaign, but still continue to campaign unless you put yourself first.
And you especially don’t show up in delicate negotiations just to grandstand unless you really put yourself first.
It’s so obvious that it’s a ploy — and he’s done it before. He wanted to skip the debates with George Bush in 2000.
Lies, deception, and playing games. McCain should just throw in the towel.

Financial Bailout – A Taxpayer Sellout and Obama Wants To Raise Taxes
Persons in state and federal House of Representatives and the Senate that want an increase in wage earner taxes must be impeached from office. Government has too much money if it can support war-like conflicts around the world and give away money for bailouts of banks and other business. The give-a-ways must stop.
Obama, your tax programs will place Americans deeper in debt and cause a depression. Who does arrogant Obama think he knows better how to spend taxpayers’ money? What money give-a-way programs does he want to benefit the American taxpayer? All I see in Obama is complete crap about more taxes to give away more money. Reduce taxes and stop the war like conflicts around the world. Obama does not have the financial experience to realize that a free market will seek equilibrium, the badly run business and banks will be picked apart, and the stronger companies and banks will take over the best assets. There is no need for higher taxes unless it is the desire of Obama to feed more corruption. Obama’s tax increases will cause a taxpayers’ debt bubble.

Mccain born in Panama canama,mevrick, does not know “sheet” about “Economy” and his VP Palin another “Funny &Risky one” Is this woman fit for VP. Give us a breaK ?? While America is watching
.People are not stupid. Poll is saying that.Maccain need to stop “GAMBLING” Of course Drama is over.

JOHN MCCAIN IS NOW IN HIS LAST ROUND OF HIS “GAMBLE” .FIRST ONE HIS VP PICK SARAH PALIN AND NOW “BAILOUT”.HE IS SCARED TO FACE FIRST DEBATE WITH BARAK OBAMA.HE SAYS HE IS “MEVRIC” OR CHICKEN.WHOLE AMERICA IS WATCHING. POLL IS SINKING 52% to 42%. HE IS SCARED OF HIS DOLL PALINS DEBABATE WITH BIDEN. MCCAIN IS SAYING “I AM FALLING AND I CAN”T GET UP”. BARAK/BIDEN “08

Thanks for fighting for what was right!!
Been a Democrat all my life and will remain one.I am nearing my 80th.B-day and have seen many changes during my life time. Let Wall Street learn by its’ greed and fall flat on its’ face!!
I can’t wait for the Republicans to get out of office—eight years was more than enough for anyone. Our country is in shambles both abroad and domestically. We need Barack Obama now!!

I’m hoping to feel more optimistic tomorrow about the whole bailout thing. As for now, it looks like…
Everything is Fallin’ Apart Today (The Humpty Dumpty Song)
Dr BLT
words and music by Dr BLT © 2008
http://www.drblt.net/music/EveryThingIsDemo2.mp3