Posted on 09/17/2008 12:54:25 PM PDT by Rodm
McCain's avoiding it because so many of his colleagues in the Senate and the beltway were feeding from the trough.Well this is where the rubber meets the road on McCain's 'Washington reform' agenda. If he's serious about his rhetoric, then it is time for him to call his colleagues out, on both sides of the aisle.
We need posts like this like a hole in the head...
Please refrain from internal fighting and settling old scores and stick to the friggin topic
We are where we are and if you insist on this tack them just vote Democratic, you will have a steady supply of cheese for your Whine!
Umm, maybe not on it's own, but this was a two-pronged attack. Without removing those restrictions imposed on commercial banking, Graham-Leach would not have led to such wide-spread proliferation of the toxic mortagages and their derivatives.
The point is where McCain can and can't separate himself from Bush.
He can on management style and general competence.
Harsh perhaps, but it rings true for most voters.
McCain cannot separate himself by attacking Bush policies, though. He only punches himself in the nose when he does.
McCain needs to say of the Bush administration that it wasn't the principles that failed, it was the leadership.
Because right now, 0bama is saying this is all the ‘final verdict’ on conservatism itself, that conservatism is a discredited ideology.
So McCain needs to say that Bush wasn't able to get done what he needed to. McCain needs to emerge as more of a leader than both 0bama and Bush.
That is how McCain can run against Bush and win.
Gorelick, Raines, Clinton all in the same club. (CFR) These folks have a plan to bankrupt America.
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarn05-3
Talking to our accountant at work who is a staunch conservative today. He placed the blame foe Fanny and Freddy failing almost solely on the Government. They forced them to loan to people who shouldn’t have received loans, and the rest of the industry followed to try to get a piece. When they failed, it was because of forced government rules and regulations.
“Since the Council on Foreign Relations has been able to infiltrate our government, it is no wonder that our country has been traveling on the course that it has. The moral, educational and financial decline of this nation has been no accident. It has been due to a carefully contrived plot on behalf of these conspirators, who will be satisfied with nothing less than a one-world government. And it is coming to that. As each year goes by, the momentum is picking up, and it is becoming increasingly clear, what road our government is taking. The proponents of one-world government are becoming less secretive, as evidenced by George Bush's talk of a “New World Order.” The reason for that is that they feel it is too late for their plans to be stopped. They have become so entrenched in our government, our financial structure, and our commerce, that they probably do control this country, if not the world. In light of this, it seems that it will be only a matter of time before their plans are fully implemented.”
Raines (did I mention he is an Obama financial advisor?) should be in jail along with Ken Lay. Where is the public and media outrage over his activities.
In removing Glass-Steigel prohibitions, however, "somebody" slipped a requirement into Graham-Leach that the financial institution must receive suficiently high marks from regulators, before they may innovate their structure. These marks evaluate compliance with the Community Reinvestment Act (CRA), which requires serving lower and middle income minority communities. These marks in part are based upon input from "community groups" like ACORN. To satisfy these requirements, financial institutions seeking to innovate their structure started selling low money down and no income verification (subprime) loans, to get high marks.
So to quote Rev. Wright, "The chickens have come home to roost."
Bump
Counterpoint ..
Very good points, but I also think that McCain is doing a little “rope-a-dope” and after winning and putting Obama-bin-Biden on the ropes for the last two weeks, he’s letting O-B-B get a few jabs in. He might even — has actually — let O-B-B move up a couple of points.
We still have a fairly long time to go between now and the election, and remember the first of the debates are next week. I think McCain will land some major blows to the Elitist next week, as we know Barry’s Party, and his immediate advisers (Franklin Raines for one) have their bloody hands in the financial mess we’re seeing right now.
Calm down people.
There could be a consideration of timing going on here.
after all, getting the big bounce on election day is the goal.
Good info, thanks!
Yeah, right he could have changed the world -- thrown all the scumbags out of DC -- gotten rid of all the lifetime bureaucrats that are protected by civil service/unions -- he had the backing of the Congress, right? You know the guys who were feeding at the trough and didn't want anything to change? Yeah, they all supported him. Clinton fired virtually every US Attorney and no one batted an eyelash. Bush fired a few and it was a national media scandal rising to the level of impeachment.
And by the way, he was two years ahead of McCain in trying to clean up Fannie/Freddie -- where was McCain then? Bush tried to eliminate the presidential appointees on the board -- the ones who walked away with millions after creative accounting episodes -- but no love there, no action, no political will.
You can hang a lot of things on Bush -- Fannie/Freddie isn't one of them.
I didn’t try to hang Fannie and Freddie on Bush. But the Democrats are going to try to. And it looks like McCain’s current strategy is to help them.
It’s the wrong strategy for McCain, because that is playing defense, its not moving forward. He needs to instead go on offense against 0bama, the people 0bama surrounds himself with, the Clinton administration, and the do-nothing Congress of the past 2 years.
Yep. The McCain campaign did pretty much everything I was saying they ought to be doing... just 3 days too late.
Now McCain needs to hammer 0bama for not having any answers. Based on reports, it sounds like 0bama’s campaign is accusing McCain of stealing 0bama’s as of yet still unrevealed proposals. So that tells me that they’re now working on taking McCain’s proposals and tweaking them, and then will unveil them later as their own.
McCain needs to stay on top of them and not let them get away with it. He should call them on having no solutions and then repackaging his as their own.
And McCain should stick to making Franklin Raines and Jim Johnson ‘famous’.
He needs to turn these guys into the equivalent of Ken Lay in the public’s mind, and hang them around 0bama’s neck as tightly as he can.
For whatever reason, Democrats have an advantage over Republicans on economic issues, particularly with a Republican president.
The only way for McCain to overcome this is to completely destroy 0bama’s credibility on a personal level. This is the way to do it. So McCain should keep it up.
0bama stands to lose a lot more than McCain in an exchange on this topic, so there is really no downside for McCain for him to continue down this road as far as it will go.
I suspect we’re going to see 0bama topping off on his gains in the polls now, and a shift back towards McCain again, just like I saw the current reversal coming. I think we’ve seen the near peak of it. How far McCain pushes the recovery really depends on what he does next, not just in attacking 0bama’s economic credibility, but also in showing Leadership. McCain missed an opportunity to stand out in this way earlier this week, which is why he took a hit in the polls.
McCain’s first priority should be in framing exactly what is going on, demonstrating an understanding of it. He should be explaining how it is a finiancial crisis on Wall Street, not an economic crisis on Main Street, and that he is determined to make sure it doesn’t turn into one.
McCain should explain how we got here through congressional action and inaction, through the sub-prime policies of Fannie and Freddie pushed by Democrats in congress.
He should not directly blame Bush policies, because that only hurts himself, and instead should limit his criticism to one of personal management style, citing Bush’s inaction to get reforms done in time. McCain needs to really put himself out there as a lone town-crier whom no one listened to when it counted.
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