Posted on 10/11/2008 5:46:48 AM PDT by markomalley
If McCain wins, it will be in spite of himself. He has plenty of hard, documented evidence of who caused this financial crisis and who tried to sound the warning. He needs to use it over and over again. I have to laugh when OBAMA, of all people, tries to claim that HE was the one to warn against sub-prime loans! That would be so easy to refute, if McCain cared to try.
because John McCain has never had to point a finger at a Democrat in order to get where he is. He has never done it before.
The first time I can ever recall him actually saying the name of a democrat was this week when he mentioned Dodd and Frank in a campaign event (after being egged on by the crowd).
McCain points fingers at the GOP and names names all the damn time. But he doesn’t do it on the other side because it would hurt his chances of getting their support on his legislative priorities (amnesty, election protection, carbon taxes, etc).
I sometimes wonder if McCain has a secret deal with Obama and the Democrats:
“I’ll give you a pass on your mortgage fraud — in turn, you leave me alone about my role in the savings and loan scams of the ‘80s. Deal?”
One guess: He doesn’t understand the economy.
[What’s frustrating about the timidity of McCain and the congressional Republican leadership is that they have moral high ground on this mortgage-bailout issue, and Obama and the Democrats have huge political liabilities if Republicans have the good sense to exploit them.]
Indeed. Yet the repuclican party is useless and does not fight for the conservative principles anymore. They are liberal now and following the left, they bow down and shrink away from fighting for the conservatives of America.
They are as worthless as the left and have become the left.
I am completely stumped by McCain’s inability to tie all of the people and scandals to Obama. This acorn thing and the financial crisis alone should have been enough.
I really lost alot of faith yesterday when he told the crowd not to fear Obama. I think the crowd was stunned. Has he given up??
We could refer to this economic DEMbacle as the DEMron Scandal.
Or something better.
Please, someone, come up with something memorable.
” Has he given up?? “
I believe so . He has seen the internal numbers and knows it is over .
Bingo!!
McCain will be going back to the Senate if he loses.
He doesn't want to burn any bridges.
Perhaps it's because the GOP is just as to blame as the Jackass party. Note the years the purchasing ballooned. Who was in control of Congress and the White House?
When HUD released the next set of goals in 2004, it reported that after Cuomo's previous edict, there had been a sudden spurt of GSE subprime investment, "partly in response to higher affordable-housing goals set by HUD in 2000." Fannie had gone from $1.2 billion in subprime-mortgage and securities purchases in 2000 to $9.2 billion in 2001 and $15 billion in 2002. Freddie's numbers were murkier, but clearly also on the rise. In 2003 alone, the two bought $81 billion in subprime securities—which also count against the goals.
Fannie also developed a "flexible" product line, providing up to 100 percent financing and requiring borrowers to make as little as a $500 contribution, and bought $13.7 billion of those loans in 2003. In addition to subprime loans and securities, both banks burst into the "alt-a" market, making alternative products easily available to borrowers who had slightly better credit histories than subprime borrowers, but were unwilling to provide full documentation of their financial histories. (It was the "alt-a" investments that recently brought down the private bank IndyMac.) These risky adventures, according to the 2004 HUD report, prompted Freddie to claim that "the increased goals created tension in its business practices between meeting the goals and conducting responsible lending practices," a self-serving attempt to plant the blame back on HUD.
After this initial uptick, the two banks purchased $434 billion in securities backed by subprime loans between 2004 and 2006. The Washington Post noted this June that the GSEs' aggressive acquisitions "created a market for more such lending" by others, feeding the fire. No one knows just how big a bite the subprime mess is now taking out of the GSEs, or how much of that portfolio will ultimately go bad, but it has become axiomatic that, whatever the total, it is too much, since it will have seriously shaken confidence in these two linchpin institutions.
From here.
Like most of the Republicans in DC, he's afraid of being labeled a racist... so he embraces “political correctness”. He's afraid of calling the ignorant, ignorant.... and he's afraid of calling Marxists, Marxists. He will stand up to our enemies abroad... but will turn a blind eye to the ones within.
I agree. I think part of the problem with the stock market these past couple of weeks has been that noone (Paulson/Bush/McCain etc) has said OUT LOUD what the real problem is, perhaps thinking that it is too esoteric/inflammatory. I dunno.
But I also am beginning to think that McCain’s campaign can’t win for losing. There are still undecided voters out there and if they haven’t seen the stark differences by now then they never will, and McCain is at the mercy of the Dow these next 3 1/2 weeks.
I like it. I have to admit I was thinking of blaming Democrats in general. But your idea is better.
We know he was directly involved in fostering some of the bad loans that got the housing bubble going..
BP,
What has me flummoxed both with McCain and GWB is the power of the Presidency The Podium and It's Microphone has not been used properly since Ronald Reagan and even Clinton.
Case in Point...
The Anti-War Wackos. Murtha, Durbin. Why wasn't their rallies with the CIC even at the smallest Guard Facility and then go on local talk shows in that area and stick it to them. Call them out, put them on the defensive for their actions.
Have we become that B@!!!e$$ as a society to try to sway them into what is right? The pressure to bear could be made unbearable, but it would take a 24/7 Clintonian Campaign Strategy. Obviously GWB and McCain are and have been unwilling to do this. I hate to say it it equivivates to surrender if you don't.
Im beginning to see How regular people in Germany must have felt When Adolf was Rising to Power . Seeing all these Brown Shirts runnung through the streets ,hearing these Bombastic Speeches on the radio .
What can you do, cast a vote? I guess ,but pulling a lever leaves you feeling like is that it ? Talk about Frustration ,the Left it seems does an awful lot more than that. Whitaker Chambers sure had it right when he said he was Leaving the Communist side, The Winning side ,to join, The Losing side , thats us because the Communists are ruthless and Obsessesd .
Well what they needed is a populace that is ignorant and Moronic as this one has become ,Talk about Idiots ,the stupidity of the American People Knows no Bounds
Perhaps part of that plan is to let the anger of fellow voters like me rise several levels before he hits the hornet's nest again like he did naming Frank and Dodd. That was very satisfying, but...he named them only after feeling the frontal assault of an angry voter and that was the last of it. Yesterday, he was telling a voter what a good guy 0bama is.
I keep bouncing between being frustrated at him for not doing anything and momentarily being happy when he finally says or does something. When it's all on the line, what good is a good soldier who won't fight?
My co-worker believes that John McCain is intentionally throwing the election.
One thing that’s interesting, though, is that he believes the assertive stance is making Sen. McCain look like an angry old man, and that choosing Sarah Palin was a stunt forced upon him by the RNC when he wanted Joe Lieberman.
This is a bright guy and generally conservative, but what I found was that the MSM has given him these impressions.
McCain is doing nothing to put the blame where it belongs, and I have no idea why. Governor Palin is going to have to drag him to victory and that is a sorry state of affairs.
She has already brought him back twice and he is fumbling the ball again.
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