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McCain: Bailout a 'tourniquet'
The Hill ^ | 03 Oct 2008 | Sam Youngman

Posted on 10/03/2008 2:52:03 PM PDT by BGHater

Republican presidential candidate John McCain said Friday that the financial rescue package is a "tourniquet," not a solution to the ongoing financial crisis, but he was "glad" he suspended his campaign last week and returned to Washington.

McCain said "we must stop the damage to our economy done by corrupt and incompetent practices on Wall Street and in Washington."

"I'm glad I suspended my campaign to go back to Washington to help bring the House Republicans to the table," McCain said. "I believe that the taxpayer protections that have been added have improved the bill."

Democrats decried McCain's return to Washington last week, calling it a counterproductive political stunt. The House passed the bailout legislation Friday and President Bush signed it that afternoon.

McCain warned that despite the passage of the bill, there is still work to be done to put the country back on sound economic footing.

"The action Congress took today is a tourniquet, not a permanent solution," McCain said in a statement. "Our economy is still hurting and further action is needed, and it should not take a crisis to get this Congress to act."


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: 110th; bailout; economy; mccain
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'McCain said "we must stop the damage to our economy done by corrupt and incompetent practices on Wall Street and in Washington."'

Thanks for the laugh, then why did you sign the bill then?

Btw, Sen. McCain, it's a 'tourniquet' around the taxpayers neck.

1 posted on 10/03/2008 2:52:03 PM PDT by BGHater
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To: BGHater

Palin 2012.

Thanks for playing John.


2 posted on 10/03/2008 2:52:48 PM PDT by rwilson99 (New McCain Ad: Barrack Obama's Half Billion Dollar Campaign is Financed by Freddie Mae & Freddie Mac)
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To: BGHater

Hey, he added ‘and Washington’, so we’re getting somewhere at least. Yesterday it was all Wall Street’s fault.


3 posted on 10/03/2008 2:53:38 PM PDT by perfect_rovian_storm (Palin 2008 (oh yeah, and McCain too))
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To: BGHater
“Btw, Sen. McCain, it's a ‘tourniquet’ around the taxpayers neck. “

This needs repeating, thank you.

4 posted on 10/03/2008 2:55:13 PM PDT by HuntsvilleTxVeteran (Obama and ITS thugs are made paranoid by Sarahnoia. (stole from molly_jack2007))
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To: BGHater
"...and in Washington"

Well, at least you said it once.

5 posted on 10/03/2008 2:55:24 PM PDT by skeeter
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To: BGHater; Sunnyflorida; 6323cd; roamer_1; AmericanInTokyo; 383rr; djsherin; GunsareOK; calcowgirl; ..
"The action Congress took today is a tourniquet, not a permanent solution," McCain said in a statement. "Our economy is still hurting and further action is needed..."

Juan's solution is probably going to involve bailout after bailout after bailout.

Juan promised publicly last month to protect taxpayers from additional bailouts. Then, he flip-flopped.

6 posted on 10/03/2008 2:55:26 PM PDT by rabscuttle385 (May God save the Republic and her citizens.)
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To: BGHater

It’s a noose and Nancy Pelousy has an impatient hand on the drop lever.


7 posted on 10/03/2008 2:56:07 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: rabscuttle385

I hope I’m not wrong, but I predict he will join Obama with suggesting a second stimulus package.


8 posted on 10/03/2008 2:57:03 PM PDT by BGHater (Democracy is the road to socialism.)
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To: BGHater

He’ll apply the same pressure to House Reps to get an amnesty.


9 posted on 10/03/2008 2:58:25 PM PDT by kabar (.)
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To: BGHater
McCain said "we must stop the damage to our economy done by corrupt and incompetent practices...in Washington."

Pray tell, Sen McCain. What practices? By whom?

10 posted on 10/03/2008 2:58:51 PM PDT by Plutarch
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To: kabar

Yeah, this bailout vote was the practice vote for Amnesty.


11 posted on 10/03/2008 3:00:05 PM PDT by BGHater (Democracy is the road to socialism.)
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To: BGHater

DANGER: A tourniquet is only used on an arm or leg where there is a danger of the casualty losing his life (bleeding to death).
On occasion, tourniquets have injured blood vessels and nerves. If left in place too long, a tourniquet can cause loss of an arm or leg.
http://www.armystudyguide.com/content/army_board_study_guide_topics/First_Aid/tourniquets.shtml


12 posted on 10/03/2008 3:01:05 PM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
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To: BGHater

actually the auto bailout was practice for this bailout and then california and then...


13 posted on 10/03/2008 3:02:00 PM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
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To: BGHater
McCain SHOULD have led the fight to reject this bloated Christmas tree and massive swindle...
He didn't - and he probably lost his last chance to get elected.....

Palin is NOT enough to save the stupid bastard now.

The market's reponse today, by FALLING on the news of the swindle — indicates that more time to prepare a more rational approach should have been taken.

Barney Frank should publicly acknowledge his PERSONAL responsibility and RESIGN from his chairmanship of the House Financial Services.

He FAILED in his fiduciary responsibilities and public trust...

ANY Republican who signed this monstrosity without a commitment that Barney Frank and his allies would admit PERSONAL responsibility and resign their positions -— simply played “the game” with the thieves..

A POX on ALL their asses.

I believe with the help of the Congressional Black Caucus — they found a way to pay reparations......

14 posted on 10/03/2008 3:03:38 PM PDT by river rat (Semper Fi - You may turn the other cheek, but I prefer to look into my enemy's vacant dead eyes.)
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To: BGHater
McCain: Bailout a 'tourniquet'

Finally.
The truth.
Even from an elected official.

Too bad it doesn't mean Dodd, Frank, Pelosi, Franklin Raines,
and all the rest aren't in jail where they belong!!!!!!!
15 posted on 10/03/2008 3:06:13 PM PDT by VOA
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To: BGHater

***McCain: Bailout a ‘tourniquet’***

Around our necks.


16 posted on 10/03/2008 3:06:13 PM PDT by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: BGHater

Haha, I just read your post. We were thinking the same thing.


17 posted on 10/03/2008 3:06:47 PM PDT by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: BGHater

Ive got one thing to say to McLame...

STFU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Will still vote for Palin just in case McLame keels over.


18 posted on 10/03/2008 3:06:52 PM PDT by sasafras (Bush Legacy = 20+years of leftist Presidents and a Democrat Congress - way to go Bushbots!!)
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To: BGHater
"McCain: Bailout a 'tourniquet'

No you phony bastard - it's a stinking dead Albatross around YOUR neck....

McCain's vote without a mention or fight against the added earmarks to buy the needed votes --- was very revealing...

I think McCain just handed the White House to a racist and corrupt Black Marxist.

That will lead to a crisis which will make this swindle look like child's play.

19 posted on 10/03/2008 3:08:49 PM PDT by river rat (Semper Fi - You may turn the other cheek, but I prefer to look into my enemy's vacant dead eyes.)
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To: rabscuttle385

But he only flip flopped to protect us!

These rats are scum. Ron Paul is looking better and better.


20 posted on 10/03/2008 3:09:06 PM PDT by djsherin (The federal government: Because your life isn't screwed up enough!)
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