Posted on 09/24/2008 11:52:13 AM PDT by Qwackertoo
Edited on 09/24/2008 12:11:21 PM PDT by Admin Moderator. [history]
John McCain announced that he will suspend his presidential campaign on Thursday to return to Washington to help with bailout negotiations. He urged his opponent Barack Obama to do the same.
The Arizona senator also asked the Presidential Debate Commission to postpone Friday’s scheduled debate with Obama so that he can work on the financial crisis bailout plan now on Capitol Hill.
“America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees. If we do not act, ever corner of our country will be impacted. We cannot allow this to happen,” McCain said.
A Clintonite toe-sucker who is more often wrong than right. Lovely source.
Just like he went to the hurricane zones.
Thank you, dear. ;) I think I understand.
Sorry about that. My bad. I read the top of the post instead of the bottom where the REAL poster resides. It was meant for cookcounty who is the poster at 1493.
The people that run this country all use banks. Those that employ any real number of people all use banks. People who make any real contribution to the economy of this country all use banks at some point. Everyone that really counts as far as the economy is concerned uses a bank.
Do I believe my money in the bank is insured by FDIC, well of course- do I believe I can rely on them to pay out the full amount or possibly any amount in the case of major bank failures? NO. My grandfather thought he was secure during the Great Depression because he was holding a lot of government war bonds from WWI and other governement bonds. He was wrong. When he went to cash them in as times got tough for him he was paid pennies on the dollar and told if he didn’t like it he needed to hold them longer.
This is why I think it is vital to our economy for congress to work out some plan to head all this off, and keep working on the problems night and day until they have the issues dealt with and faith in our economy is restored.
We (the people in this thread and on FR) tend to have a broader view of the world than many Americans. There are many voters who think everything is just fine as long as they got a Big Mac and a Coke sitting on the table, and American Idol on the TV. As far as those people are concerned, Freddie Mac and Fannie Mae are the nice couple that lives down the street.
I know all that and it doesn't detract from what I said.
Senator McCain going to Washington on this is a good thing. When a politician does the correct thing, that politician has a better chance of having a political success.
Oh, by all means, let's make it a bipartisan charlie foxtrot.
Certainly m’lady. Happy to help.
The country is in a crisis. This time it is financial attack but with reprocussions that seriously affect our security almost as dire as 9/11. The terror on Wall Street must be averted. Whatever way the politicans can do this, they must be in agreement and do it now.
McCain, by stating that he wants to postpone the debate Friday, get back to Washington, and meet with Obama and Bush is doing his job. He is taking care of the important business at hand, just as surely as if it were a terrorist crisis in America again. That is what he is paid to do.
Campaigning should be secondary when we are faced with such a huge problem. No matter who becomes president after the elections, this problem should be averted before that time. McCain wants to do this before either newcomer steps into the Oval Office.
Obama is avoiding taking care of the country's business. He wants to jet around the country now - when there is a desperate need for our leaders to sit down in all night sessions and put their heads together. Face- to-face, not by phone, or text messages, faxes or emails! But, instead he is prefering to rely on second-hand information fed to him by his staffers! Obviously Obama feels he would rather try and win the public over with words, than actions and actually doing something productive (as has been his typical histroy). What does that also say? It says he feels that exposure on TV in a debate is more important for his own future and that our future can take a back seat until he is finished talking!
Perhaps, Obama thinks that joining in on the work, and rolling up his sleeves to get this done ...is above his "pay grade."
With this media being the most vicious it has ever been and Obama who would sell his soul to win this election.... I dont like this move McCain made. This election may be over.
Obama is going to continue to campaign while McCain is screwing around with this Senate gains over this bailout.
McCain goes to DC to help with the bail-out. Harry Reid obstructs him at all turns to prevent him from making any progress, thus making him seem inept and unable to affect change.
Meanwhile, BO goes to the "debate", gets softball questions, puts words into McCain's (absent) mouth with no one present to contradict him.
When McCain is through in DC, he approaches the Obama camp for a re-scheduling of the debate, to which OB says that he was at the debate --- and, McCain did not show up.
There will be no debate between the two of them, and BO is the big winner.
How's that?
Sorry, FReepers, I forgot to spell check my above post. I was in a hurry to post and, well jeeze...look at how I did it. Apologies to the spell police here. Maybe you’ll just overlook and deal with the content. LOL
Warren Buffet is not only making out on the crisis he is a charter member of the "tax the rich for the betterment of society because we can afford it" so I will take his opinion with a grain of salt.
Obama's original statement:
"I'll go anywhere if it will be helpful."
[emphasis added]
Wow! Now that's what I call real leadership!
No but a bad bill would assuredly pump the markets in the short term but cost us all in the long run.
“The people that run this country all use banks.”
This debate that needs to end started with my statement that the typical voter is probably more interested in the presidential debate this week than in the financial crisis. Now it’s strayed far afield.
I’m sticking with my statement, and my #1557 shows the large audiences (60 - 80 million) who have watched the debates in the past, with this one expected to be one of the most watched ever. But since McCain has made this grandstanding move, it looks like we won’t have the Friday night debate. So, we won’t really get our comparison of relative interest since the interest starts more after the first debate.
We’ll see if this move dampens interest in the debates, whenever the first one might be held. And those debates are the largest audiences the nominees will have, and the best opportunity to improve their support among the voters. As I said earlier, several candidates have been made or broken in past debates. The most important few hours of the nominees campaigns.
Now they’re saying that most of the deal has been ironed out, and is expected to pass, and I don’t think McCain has even made it back to DC yet. - I think the opposition was mostly just posturing so the pols could say they made their objections known, but the stakes were too high to not go along with the deal.
atypical? you might say that. i live in the northern VA suburbs of DC, kind of a highly politicized environment... LOL! you are intent on believing that the world is sitting in rapt attention, waiting for this debate. i just don’t think it’s so. maybe YOU are the one hanging with the atypical group of people : )
Well, I don’t care who Warren Buffet supports politically. He put 5 billion up to prop up Goldman Sachs. He’s putting his money where his mouth is, and is probably a little more financially astute than most. I’m 48 and single with two kids still at home, two that graduated college on student loans, and I own a home. I’m able to pay my mortgage, sorry that you never were able to do that. It’s not really a bailout. It’s an investment. Good grief, the money used to buy the mortgage back securities is actually buying real property. When values of homes come back up the government can sell these properties.
“so. maybe YOU are the one hanging with the atypical group of people : )”
I guess the people YOU know are not among the 60 - 80 million Americans who watch presidential debates, and discuss them. Okay.
On the other hand if McCain is instrumental in ensuring the bill rips people off LESS, this says something.
After all it’s bambi’s party that not only puts the taxpayers on the hook but is busily adding pork like failed student loans...failed car loans...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.