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John McCain's email Today...
Internet mail | 09/30/08 | John McCain

Posted on 09/30/2008 4:33:30 PM PDT by CitizenM

My Friends,

We are in the greatest financial crisis of our lifetimes. Congressional inaction has put every American and the entire economy at the gravest risk. Yesterday the country and the world looked to Washington for leadership, and Congress once again came up empty-handed.

I am disappointed at the lack of resolve and bipartisan good will among members of both parties to fix this problem. Bipartisanship is a tough thing; never more so when you're trying to take necessary but publicly unpopular action. But inaction is not an option.

If we do nothing, many businesses may fail. Sonic Corporation, a drive-in restaurant chain based in Oklahoma, learned on Thursday that one of its lenders, GE Capital, had stopped extending new loans to the chain's franchisees. That will block plans to rebuild restaurants, add equipment and open new locations.

When financing dries up, students can't get loans. In Wisconsin, more than 100 Milwaukee Area Technical College students couldn't access private loans to fund their education. Fortunately the school was able to come up with emergency loans, but this temporary arrangement cannot continue. Markets need to work so that people can get financial help and students can be educated.

Again, inaction is not an option. In light of the House's failure to act, this morning, I spoke to the President about two things that the administration has not done, but should do following the inaction of Congress. First, the Treasury has already used its Exchange Stabilization Fund to back money market accounts. I encourage it to use it this fund as creatively as possible to provide backstop for accounts across our financial system to maintain confidence on the part of savers and investors. And second, the recent housing bill gave the government nearly $1 trillion in authority to purchase mortgages. Housing and mortgages are at the root of this crisis.

The Administration can take these actions with the stroke of the pen to help alleviate the crisis gripping our economy. I urge them to do so.

The FDIC should quickly be granted the authority to increase the deposit insurance cap from $100,000 to $250,000 so that families do not have to worry about their money. We cannot allow a crisis in our financial system to become a crisis in confidence.

I call on everyone in Washington to come together in a bipartisan way to address this crisis. I know that many of the solutions to this problem may be unpopular, but the dire consequences of inaction will be far more damaging to the economic security of American families and the fault will be all ours.

And to my supporters, I assure you I will continue to do whatever I can to aid in a constructive answer to the challenge before us.

Sincerely,

John McCain

P.S. I'm asking you to pass this email along to your friends, family, neighbors and colleagues. We must spread the word that inaction is not an option.


TOPICS: Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: bipartisanfolly; bipartisanscrewing; buyout; economiccrisis; mccain; mccaintruthfile; mcsocialist; rino; rinoalert; traitor; wallstreet
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To: CitizenM
Can't help you on the authenticity of the email as John and I aren't exactly on speaking terms these days. /;-)

And with messages like this we won't be on "speaking terms" for quite sometime.

He, like so many and in both political parties, just don't seem to "get it".

Being "responsible", either at the personal, business, and/or government level means one must manage their own "debt" and not let debt manage them. Unfortunately for far too long now Washington politicians have had no problem passing on their irresponsibility to future generations. It must quit sometime, so why not the present?

I mean if Sonic can't grow without loans - that is their problem.

If school age kids can't go to college or vo-tech without borrowing the money - get a job, save up and then go - guarantee their education will mean much more to them.

If people who couldn't afford to buy homes did so for what ever reason and are now losing them - well tough dooty. That's life.

Why should those of us who have played by the rules, accepted personal responsibility, especially for our financial situations, continually be asked to "bail out" folks that haven't?

Eh, Johnny boy?

Excuse me while I go barf up the meal I just paid for!

21 posted on 09/30/2008 4:50:37 PM PDT by ImpBill ("America ... where are you now?")
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To: CitizenM
What in the hell is he talking about? I was taught that I saved my money then bought the item. I had to save enough money for a deposit on big ticket items. Why are businesses and families living day to day on CREDIT and subject to the whims of the government. Until I see liberal socialist Chris Dodd, Barney (gender bender) Franks, Chucky Schumer, and Kent Conrad in jail, I will never trust another thing the US Congress will ever do. These crooks stole our tax dollars in order to give it to minorities, and the poor, people they knew would never be able to pay a loan or mortgage back. Now we are suppose to let them write another legislative bill that will bail out and cover up the theft, fraud and racketeering with $700 billion dollars to take control over more of our tax dollars and our private property.

On top of all these crimes being perpetrated by these crooks, no one will go to jail and they then play politics with the bail out, cover up in order to score points for their election! Enough is enough. If these Senators and Congressmen can't take a stand against these crooks now, then when?

22 posted on 09/30/2008 4:50:51 PM PDT by paratrooper82 (82 Airborne 1/508th BN "fury from the sky")
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To: yldstrk

Guys here in Illinois we’re starting to see a lot of community banks that loan to small and mid size businesses and provide HELOC and other consumer loans being pulled off the table, even to people with decent credit. This is not some scare bs - this is really happening and if the economy slows then companies can tap into LOCs to make payroll in some instances which causes layoffs. So while I am all in favor of doing this right, there has to be some intervention here. Unemployment increases will only hurt McCain further. Please re-review what’s on the table and add suggestions to your Congressman instead of “oh let the market correct itself” - the only correction you’ll see is further pain on this - so if you’re cool with tightening your belt further or losing your job in some areas, then I guess fine, but I’m not going that route. Heck even my office (as an MD) is susceptible. So it hits all areas.


23 posted on 09/30/2008 4:50:54 PM PDT by GerardKempf (Let's Get Over This)
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To: CitizenM

i got it, i was disappointed in it.


24 posted on 09/30/2008 4:51:16 PM PDT by machogirl (i)
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To: CitizenM

This e-mail totally shows a disconnect between perception and reality. If this were a real immediate crisis, there would be no congressional holiday. As ugly as it is, the Democrats don’t it fixed before the election. Economic damage is a bonus. There is no sign that the Democrats who created this mess are willing to accept responsibility for the carnage they are creating. It is proving to be a wonderful club with which to beat the Republicans. Bipartisan is just another word for defeat. The only fix is to call the bullies at every turn. Like meeting with any petty dictator, set define the ground and set reasonable preconditions. Ambush them with one liners.(Mr. Gorbachev, tear down that wall).


25 posted on 09/30/2008 4:51:16 PM PDT by Steamburg (Your wallet speaks the only language most politicians understand.)
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To: rabscuttle385
McCain supporters are simply trading one Socialist (Obama) for another. Mark my words: this is an election between two Socialists,

C'mon Rab! You don't understand! There is a difference because McCain has an R after his name!
26 posted on 09/30/2008 4:52:21 PM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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To: Man50D

Socialism with a capital R.


27 posted on 09/30/2008 4:54:10 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: cripplecreek
Socialism with a capital R.

Bingo!
28 posted on 09/30/2008 4:54:55 PM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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To: CitizenM

***The FDIC should quickly be granted the authority to increase the deposit insurance cap from $100,000 to $250,000 so that families do not have to worry about their money.***

Oh right that’ll solve it. And what if the FDIC runs out of money? Are we going to have it printed? Besides most people don’t have accounts with more than $100,000 so i doubt this would ease most people’s minds.


29 posted on 09/30/2008 4:57:17 PM PDT by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: Man50D

Oh I totally missed that! I rescind all of my previous arguments against McCain! Sorry Republican Party! Here’s a huge donation! /s

Although there are some who would say exactly what you said... without the sarcasm.


30 posted on 09/30/2008 4:59:08 PM PDT by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: CitizenM
If we do nothing, many businesses may fail. Sonic Corporation, a drive-in restaurant chain based in Oklahoma, learned on Thursday that one of its lenders, GE Capital, had stopped extending new loans to the chain's franchisees. That will block plans to rebuild restaurants, add equipment and open new locations.

And the problem is ???? In times of financial straights, companies as well as individuals have to adjust and stop spending.

31 posted on 09/30/2008 4:59:10 PM PDT by WesternPacific (I am tired of voting for the lesser of two evils!)
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To: pissant

I heard him on Fox this morning, he stated some of the same crap.

He also said that congress needed to pass the bill inspite of the voters wishes, that voters don’t really understand the issues.

McCain will NOT receive my vote I don’t care if Jesus is his running mate.

SCREW McStupid.


32 posted on 09/30/2008 4:59:28 PM PDT by stockpirate (If Obama wins, our right to free speech will only be perserved by our right to keep and bear arms.)
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To: GerardKempf
This is exactly why we are in the mess we are in. Can't make a payroll, go borrow the money! Great, now you owe twice as much, now you demand that Congress forgive your loan because you only got the loan because of predatory lending and you are a victim!

Maybe some of these businesses that are on the edge of going out of business should get a business tax break. What about eliminating their expensive environmental regulations they have to pay for. How about the large State taxes they are under! Making more money available to these business in order to keep them afloat is like taking water out of the other end of the bucket.

This all started with giving our tax dollars to the minorities and the poor that never had any intent on paying the money back. Until this practice stops and those who stole this money are in jail, US Congress should let the free market work. Only when they stuck their greedy fingers into the money market and the banks did the whole thing blow up in their face.

Get the government our of our lives and step back and watch how many more businesses and jobs will be created without living on the edge of bankruptcy each and every day.

33 posted on 09/30/2008 5:01:35 PM PDT by paratrooper82 (82 Airborne 1/508th BN "fury from the sky")
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To: Man50D

BUT THE ALTERNATIVE IS SO MUCH WORSE!!! Take it up the butt this election... and the next... and the next ad infinitum.


34 posted on 09/30/2008 5:01:46 PM PDT by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: CitizenM

McCain needs to hear the people. WE DON’T WANT THIS.

I’m voting for Sarah.


35 posted on 09/30/2008 5:02:13 PM PDT by snippy_about_it (The FReeper Foxhole. America's history, America's soul.)
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To: CitizenM
We are in the greatest financial crisis of our lifetimes. Congressional inaction has put every American and the entire economy at the gravest risk. Yesterday the country and the world looked to Washington for leadership, and Congress once again came up empty-handed.

I find this email disappointing. Regardless, I plan to vote for McCain/Palin.

Whenever I read something, I pause at the first unsupported assertion. If the statement fails my test, I read no further. In this case we have three in a row.

I am not convinced that we are in the greatest financial crisis of our lifetimes. Why would he say that? The stock market rebounded today.

Congressional ACTIONs by Democrats led by Senator Obama are what put us in this situation.

Congress did not come up empty-handed in my opinion. They did the right thing to give us more time to develop options less risky to main street.

The Democrats forced socialistic policies on us behind our backs with their twisted and warped need for social equality. Every and anybody should be able to buy a house, even those who cannot afford one. According to their demented minds, especially Barney Frank, more socialism will fix the problem.

Main street is sick and tired of being treated like we are ATM machines for the Democrats to take more of our hard earned cash so they can push more failed policies on us!

Please Mr. President, take a time out to consider other viable options that actually help lighten the burden on the beleaguered middle class.

36 posted on 09/30/2008 5:02:38 PM PDT by olezip
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To: CitizenM

“And to my supporters, I assure you I will continue to do whatever I can to aid in a constructive answer to the challenge before us.”

You just don’t understand McC that the above statement rings hollow when compared to your current action.
Hey stupid, you just ignored the will of the people. Screw you, I will now not be voting for you in November.

We can still tell the house to vote NO.


37 posted on 09/30/2008 5:05:27 PM PDT by stockpirate (If Obama wins, our right to free speech will only be perserved by our right to keep and bear arms.)
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To: E=MC2

Woah, way out of line. You can’t expect to ask those kind of questions and be taken seriously. /s


38 posted on 09/30/2008 5:05:35 PM PDT by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: GerardKempf

I see the market came back up today. What does that mean? Does it mean it is correcting itself without the bailout?


39 posted on 09/30/2008 5:10:50 PM PDT by beckysueb (Drill here! Drill now!)
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To: WesternPacific

I don’t trust the Sonic Corp. owner J. Clifford Hudson. He’s given thousands & thousands of dollars to the Democrats over the years. He also sits on the board of the Ford Foundation. I don’t trust the timing of his “bank problems”.


40 posted on 09/30/2008 5:12:05 PM PDT by BookmanTheJanitor
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