Off subject, just more McCain, being McCain...
In Case You Missed It (McCain Edition)
Josh Marshall | March 1, 2010, 2:07PM
In case you missed it, Sen. McCain went on Meet the Press yesterday and doubled down on his laughable claim that he was lied to about TARP. He says he thought it was to bail out homeowners rather than Wall Street. See the video here.
Now, it is true that Henry Paulson used the TARP money differently than he initially said he would. He originally said he would use the money to buy the toxic assets from the troubled banks. Later he just invested money directly in the banks, never mind the “toxic assets”. For what it’s worth, even though Paulson, said one thing and later did another, it’s hard for me to see how option two wasn’t greatly preferable to option one. But however you see that, no one ever thought the money was going to go to homeowners or to help people not get their houses foreclosed on. It was always 100% clear that the money was going to shore up the big Wall Street banks. I’m surprised McCain hasn’t caught more flack for this obvious fib.
This is actually the second time McCain has peddled this howler. This time McCain tries to muddle it a bit more. But he’s still saying the same basic thing which is that he was told the money was going to be used to shore up the housing market and prevent people’s mortgages from being underwater, which is complete nonsense. It was always a 100% clear this money was going to prop up the big financial institutions to prevent a cascading collapse of the financial system. He can’t change his story now just because he didn’t know he’d be running against J.D. Hayworth.
http://www.talkingpointsmemo.com/archives/2010/03/in_case_you_missed_it_mccain_edition.php
http://www.communicationagents.com/sepp/2004/10/06/chiron_vaccine_license_suspended_doubts_over_flu_and_meningococcal_vaccines.htm This link will work—I don’t know what happened to the others. This one goes to a page about the flu vaccine but there’s a search box, I typed in mccain - health supplements & brought the right page up
What a farce, trying to make excuses for himself on TARP—like he was brand new in the Senate.