In summary, while blame for this economic fiasco is deservedly widespread, multiculturalism bears a much larger share of the shame than it’s gotten so far.
The public knows what this is about and McCain is saying what they are thinking.
I like what McCain is saying here. Color me impressed.
John should let former headlines do his speaking in future ads. Show where the blame lies and how he recognized and tried to deal with the issue before it became a crisis. Barry is clueless about the economy. Grabbing all the wealth and redistributing it has been a socialist/communist goal for a long time. He can not be allowed to win, and the U.S. has no business using our money to bail out all the businesses that are in trouble now.
Amen McCain, the Fed needs to mind the Monetary Policy!! Could Palin be rubbing off?
straight talk....not sure it’s politically possible
Damned right! GO McCain-Palin!!
Gotta admin - I’m confused. It seems to me they should fail - but these are supporting financial instruments throughout our economy. Have any economists written a what if scenario if AIG did fail anyway??
In summary, while blame for this economic fiasco is deservedly widespread, multiculturalism bears a much larger share of the shame than it’s gotten so far.
I’m not convinced that his policy is correct under the unusual circumstances we find ourselves; especially if the whole financial system collapsed. However, it is probably a good political ploy to campaign on this because the general public doesn’t think much of these large banking concerns anyway. Most people believe they are living high off the hog what with their ridiculous compensation, golden parachutes and cronies on the boards of directors. And they are right. The CEOs and their buddies are really incompetent crooks. But whether it would have been wise to have let the whole financial system collapse is something else again. We don’t know at this point whether this will work. And if it doesn’t work and it just starts again McCain will have been proven right both in theory and politically. It will just have been throwing good money at bad. We will have to wait to see what happens. I’m agnostic. We could yet be selling apples on the street corner.
Regardless, something has to be done about the way these large banking concerns have been run. Even the Keystone Cops could have done a better job. Did even one of these clowns actually look to see what kind of crap they were buying? Evidently not.
The bailout does not make me happy, and liberals are mad because they are bailing out the big guys who go off with their golden parachutes and leave the little guy out in the cold so to speak. I'm not defending people who borrowed more than they could afford, but I was young once, and reading through all those papers is confusing even if you have some college background. But shouldn't lenders have to be accountable, too?
You know how Hillary liked to tout "it takes a Clinton to clean up after a Bush". Then it came to me that maybe what has happened has turned that on its head. It takes a Bush to clean up after a bunch of Democrats, with Republican enabling, these huge monsters who weren't even real companies. Didn't McCain support some of this himself way back in Congress?
Where would we be now if the Feds hadn't been frantically putting together this package to bail out these institutions?
Then the other side of it, we've been plunged more billions or trillions into debt, and what if these institutions don't start showing in the black and paying some of this back?
I tend to take a gloomy view on things, but either way we lose. It's like a runaway train. Are our leaders really acting for our better good or are they making a desperate gamble to shore up the economy, save face, and prevent a worldwide collapse?
Anybody got ONE fair and balanced link that isn't too complicated to explain what really went down?
REVOLT...
I wonder if McCain is supporting the big giant bail out plan that is being negotiated now.
You don't have much time to act regarding Paulson's Bailout Plan.
This plan, as it is written, will give Hank Paulson UNLIMITED & UNCHECKED FINANCIAL POWER OVER THE UNITED STATES OF AMERICA!
That's right. President Bush won't be able to stop him; Nor Pelosi or Reid. He will be able to do as he pleases with NO OVERSIGHT! Do you really think this 700 BILLION number is all? That is a sanitized number so it won't scare the masses.
The true number is over a TRILLION and that's probably a floor - the ceiling could be upwards of double that...two TRILLION, or more? Let me write out just one billion (like a check) so you guys can truly appreciate this number.
$1,000,000,000,000
Why is there no outcry on FreeRepublic over this??! This is going to choke the next generations with impossible debt burden.
I see that many here are disturbed and you are complaining about it on these threads - but you must contact the people that can possibly save us from this nightmare bailout scheme RIGHT NOW!
You know, we FReepers fought hard on the immigration debacle and we WON. People here were hopping mad and weren't about to let The Gov't jam that stupid legislation down our throats!
Folks, this bailout scheme will harm our country immeasurably worse.
YOU MUST ACT NOW TO SAVE OUR COUNTRY! Get on the phones, and let your congresspeople and senators know that 'We The People' vehemently object to this financial coup that is about to take place.
CONTACT YOUR REPRESENTATIVES NOW! It might be too late by Monday morning - you should be calling them NOW - and tomorrow - yes Sunday! They are going to try and ram this through before the market opens on Monday. Call all of their offices. Leave messages. Talk to your family and friends and tell them to do the same.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus