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As Economic Crisis Peaked, Tide Turned Against McCain
Wall Street Journal ^ | 11/06/08 | MONICA LANGLEY

Posted on 11/06/2008 3:32:10 AM PST by DocT111

click here to read article


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When Mac suspended his campaign to head to DC could have worked in his favor, but he blew it big time...he should have come out against it...

He has nobody to blame but himself...don't blame Sarah Palin...

1 posted on 11/06/2008 3:32:11 AM PST by DocT111
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To: DocT111

The other failure was not blaming the Community Reinvestment Act.


2 posted on 11/06/2008 3:34:36 AM PST by CommieCutter (voted 6:45 am Johnson County, Indiana)
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To: DocT111

related....

http://gunnyg.wordpress.com/2008/11/06/comrade-barak-obama-is-not-americas-next-president-by-devvy/


3 posted on 11/06/2008 3:35:21 AM PST by gunnyg
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To: DocT111

MCClame at it again. The RINOS will never learn. He will be the MSM new hero again.


4 posted on 11/06/2008 3:35:37 AM PST by screaminsunshine
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To: DocT111

Obama was right. McCain showed he wasn’t presidential material.


5 posted on 11/06/2008 3:39:33 AM PST by Onerom99
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To: Onerom99

Did you vote for Obama? You sound like DUmmie.


6 posted on 11/06/2008 3:43:30 AM PST by WilliamReading
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To: DocT111

The economic crises was a “fire in reichstag” intended to change this election.


7 posted on 11/06/2008 3:44:03 AM PST by Perdogg (1459 Days until the 2012 Presidential Election - Dissent is Patriotic)
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To: CommieCutter
The other failure was not blaming the Community Reinvestment Act.

Plenty of Hispanics, legal and illegal, got welfare-stamp mortgages through the ramifications of this socialist decree... and he wasn't about to throw away their vote(which he didn't get anyway!).

8 posted on 11/06/2008 3:48:56 AM PST by johnny7 ("Duck I says... ")
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To: DocT111

Keep in mind that this is WSJ reportage, not editorial page, material. WSJ reporters are part of the MSM, period. This is hindsight McCain-bashing to paper over the fact that the MSM reporting of the financial crisis (which steadfastly refused to point to Barney Frank’s and Chris Dodd’s roles and to Raines and Johnson on Obama’s staff) contributed to the Republicans getting most of the blame. True, McCain refused to point to the Democrat role, but had he done so, the MSM would have then focused on “fingerpointing rather than solving the problem” so he was in a lose-lose situation given that the MSM was in the tank for Obama. But don’t lose sight of the fact that this article simply continues the MSM party line.


9 posted on 11/06/2008 3:49:17 AM PST by Houghton M.
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To: DocT111

This is old news, hurts to be reminded.

McCain’s a couple of great things - veteran, public servant - but a dickhead when it comes to politics. Next time he reaches across the aisle, he’ll lose his hands.


10 posted on 11/06/2008 3:52:45 AM PST by gotribe (obama just sucks - your wealth away)
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To: WilliamReading
Did you vote for Obama? You sound like DUmmie.

Does someone have to be a "DUmmie" to call Mccain out on being a weak candidate? His was a sorry excuse for a campaign, and he was a joke as a candidate with his endless "MY Friends" crap. He refused to go after Obama on the issues that would hurt the other side because he was STILL trying to suck up to the media.

Palin got him my vote, and those of many, many people that I know. The media and the crossover democrats gave us this sorry excuse for a candidate.

Mac did some heroic stuff 40 years ago, but I kept asking myself during the campaign... What's he done--LATELY?

11 posted on 11/06/2008 3:53:48 AM PST by PalmettoMason (OK,we tried it your way. Now don't you EVER ask me to vote for another RINO again!)
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To: Perdogg
In that CRA was established in the 90's, the crisis was inevitable. But as for the timing, can you explain how trillions in yen and dollars got pulled back to Japan and the U.S. as a timed for the election? Was there a trigger for that event that was timed?

Here's my theory, FWIW. Some Wall St firms figured on making some money last spring on commodities so they pumped a bubble. Goldman Sachs issued their $200 oil propaganda back in March while they were long in the market. The bubble peaked in July (there's a thread where I and several others called the top). Then the inevitable price reaction took place. Perhaps some people thought that low oil would look good going into the election.

The trouble is the final push to ridiculously high oil also took out a lot of small business and employment. Some people literally could not afford to drive to work. Business were starved for supplies and energy. More importantly for the timing, some hedge funds were caught long and the banks called in those loans. That started the process of deleveraging which dropped asset prices which caused more deleveraging. Then the carry trade unwound and the yen soared (and the dollar second and Swissy third). A decade+ of too low interest rates came back to bite Japan on the butt.

If you can fit a conspiracy into the timing, more power to you. But I think it was just a conspiracy of stupidity and greed.

12 posted on 11/06/2008 3:57:09 AM PST by palmer (Some third party malcontents don't like Palin because she is a true conservative)
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To: DocT111
Photobucket


13 posted on 11/06/2008 3:59:45 AM PST by Kozak (USA 7/4/1776 to 1/20/2009 Requiescat In Pace)
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To: WilliamReading

WilliamReading
Since May 27, 2008

Wow.. An ignorant post from someone who joined 5 months ago. You have no clue. If you can’t accept the fact that McCain was a joke, then this party will keep nominating jokes like him.

As much as I didn’t like Huckabee in the Primary, he could of won this election. Unlike McCain, he actually had the ability to communicate a rational thought.


14 posted on 11/06/2008 4:03:05 AM PST by Onerom99
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To: CommieCutter

The sole failure was not blaming the Community Reinvestment Act. V’s wife.


15 posted on 11/06/2008 4:04:00 AM PST by ventana
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To: PalmettoMason

Folks, it was the GWB economy that sunk the Republicans this time. And all that spending on an unnecessary war in Iraq. And the weak dollar and deficit spending.

Have you looked at your IRA account recently?

Now everyone go back to bed.


16 posted on 11/06/2008 4:11:11 AM PST by WilliamReading
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To: DocT111

He had about a 12 hour of opportunity to pin the Fannie/Freddie mess squarely on the shoulders of the Democrats and he blew it.

He had a second opportunity to not vote for the tragic bailout bill and he blew that one.

Those two things + the insurmountable media caused him to lose the election. (Why didn’t he go on FOX? I’m not a fan of theirs at all but they were the only game in town that would have at least given him a shot at fair reporting. But he goes and disses them. WTF???)


17 posted on 11/06/2008 4:15:39 AM PST by Reagan69
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To: DocT111
IOW, Charlie Schumer and his tribe manipulated the markets (don't worry - THEY didn't lose a single penny in the crash), knowing that the media would blame Republicans.

Anyone who thinks 2010 will be some kind of magic turnaround for Republicans, a la 1994, needs to look closely at who controls our markets (hence, 'economy') and media (hence, 'culture'). They aren't going to get blindsided like they did two years into the Klinton administration.

In summary, anything good that happens will be credited to President O'Bongo & the Rats; anything bad that happens will be "What do you expect after 8 years of Bush???".

The Rat-controlled Congress will naturally retain its low approval ratings - Congress as a whole is ALWAYS unpopular. That is why no story about Congress from 1995-2005 failed to be prefaced with "...the REPUBLICAN-CONTROLLED Congress...". The media had to make sure that we all knew who to hate. There has been no such "preface" since then, and there will not be.

18 posted on 11/06/2008 4:15:59 AM PST by PermaRag
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To: CommieCutter
The other failure was not blaming the Community Reinvestment Act.

You must be correct,I have not seen one word written about that. "Sac off"

19 posted on 11/06/2008 4:27:13 AM PST by org.whodat ( "the Whipped Dog Party" , what was formally the republicans.)
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To: palmer

You are wrong, but you made a good attempt.


20 posted on 11/06/2008 4:30:40 AM PST by org.whodat ( "the Whipped Dog Party" , what was formally the republicans.)
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