It's time for action (John McCain Fights Back!)

My Friends,

We are in the greatest financial crisis of our lifetimes. Congressional inaction has put every American and the entire economy at the gravest risk. Yesterday the country and the world looked to Washington for leadership, and Congress once again came up empty-handed.

I am disappointed at the lack of resolve and bipartisan good will among members of both parties to fix this problem. Bipartisanship is a tough thing; never more so when you're trying to take necessary but publicly unpopular action. But inaction is not an option.

If we do nothing, many businesses may fail. Sonic Corporation, a drive-in restaurant chain based in Oklahoma, learned on Thursday that one of its lenders, GE Capital, had stopped extending new loans to the chain's franchisees. That will block plans to rebuild restaurants, add equipment and open new locations.

When financing dries up, students can't get loans. In Wisconsin, more than 100 Milwaukee Area Technical College students couldn't access private loans to fund their education. Fortunately the school was able to come up with emergency loans, but this temporary arrangement cannot continue. Markets need to work so that people can get financial help and students can be educated.

Again, inaction is not an option. In light of the House's failure to act, this morning, I spoke to the President about two things that the administration has not done, but should do following the inaction of Congress. First, the Treasury has already used its Exchange Stabilization Fund to back money market accounts. I encourage it to use it this fund as creatively as possible to provide backstop for accounts across our financial system to maintain confidence on the part of savers and investors. And second, the recent housing bill gave the government nearly $1 trillion in authority to purchase mortgages. Housing and mortgages are at the root of this crisis.

The Administration can take these actions with the stroke of the pen to help alleviate the crisis gripping our economy. I urge them to do so.

The FDIC should quickly be granted the authority to increase the deposit insurance cap from $100,000 to $250,000 so that families do not have to worry about their money. We cannot allow a crisis in our financial system to become a crisis in confidence.

I call on everyone in Washington to come together in a bipartisan way to address this crisis. I know that many of the solutions to this problem may be unpopular, but the dire consequences of inaction will be far more damaging to the economic security of American families and the fault will be all ours.

And to my supporters, I assure you I will continue to do whatever I can to aid in a constructive answer to the challenge before us.

Sincerely,

John McCain

P.S. I'm asking you to pass this email along to your friends, family, neighbors and colleagues. We must spread the word that inaction is not an option.

Please visit this page if you want to remove yourself from the email list.

Paid for by McCain-Palin 2008

But inaction is not an option

Actually it's the best option.

If we do nothing, many businesses may fail.

Oh well. Business fail all the time. Where does the Constitution authorize the Federal Government to prop up failing businesses?

In Wisconsin, more than 100 Milwaukee Area Technical College students couldn't access private loans to fund their education.

I hate to sound like a broken record, but I can't find the word 'education' in the Constitution a single time.

Sonic Corporation, a drive-in restaurant chain based in Oklahoma, learned on Thursday that one of its lenders, GE Capital, had stopped extending new loans to the chain's franchisees. That will block plans to rebuild restaurants, add equipment and open new locations.

And the fact that a burger joint can't get a loan is now a Federal issue?

I know that many of the solutions to this problem may be unpopular,

Your damn right they are. They're not only unpopular, they're un-Constitutional on their face.

If it weren't for the fact that Obama is orders of magnitude worse than McCain an email like this would cement my decision to sit this election out.

Why didn’t the Administration, Bush and Paulson, act when they had the authority? Why the chicken little?

Is this the so-called October surprise to elect Obama and keep the House/Senate in Dem Control?

Why did Bush pick Paulson from Goldman Sachs who was endorsed by Schumer for Treasurer? Why didn’t he say someting when Paulson hired two Obama supporters as he two top assistants?

Why did Bush back Paulson/Obama/Dems at the meeting which he agreed to ONLY have Sen McCain called him. Why did Paulson give the House GOP plan they gave him to Obama and then Obama took over the meeting like the President and started saying it was his plan and that is when Minority Leader Boehner became unglued?

Why has Bush ONLY listened to Paulson and the Dems? <>WHY? WHY? WHY?

IMO this was the ‘October’ surprise to get Obama elected and the Dems to keep the House and Senate. Spoke volumes that there was no whipping by the House Dem Whip to get people to vote for this. I believe it was a set-up pure and simple and I also am not sure that Bush wants McCain to win. In fact, if I was betting on that right now I would bet against it. Bush’s actions with the Dems speak volumes.

PKM, I hesitated on repeating the entire text of your post, but I decided it was necessary in order to re-emphasize the fundamental blindness, shallow partisan myopia and deep-seated denial pervading this board in the discussions of these this issues and how they relate to this election.

Your comments and your questions are dead-on, but because the honest and truthful answers to them are so frightening and so threatening to the comfortable, conventional views of reality being desperately clung to by most respondents here, they simply cannot face those truths and must retreat to their comfort zones of viewing these events through the deceptive paradigms of conventional party politics.

The reality is that this election isn't really about whether the Democrats "win" or the Republicans "win". It's about whether the moment has arrived where our self-annointed elites, including both parties, can successfully manipulate this electoral process and the American voters to ram home and finally consolidate their absolute control over the wealth and power of this country and its people.

As I have written elsewhere, these elites obviously prefer an Obama victory because he'll enact their agendas more quickly, but they would also have been perfectly happy with a Hillary or a McCain presidency, because they'd have both followed the same course, just a little more slowly.

The problem which has developed with McCain, however, is his maverick choice of Palin as his VP candidate. Has he chosen Lieberman, Romney, Huckabee or any of the others that would have been just fine, but Palin represents a real threat to their agenda should she succeed McCain. They perceive, correctly, that she has the potential to disrupt their agendas in exactly the same manner as a Reagan or Thatcher. Thus, the elites have determined that McCain/Palin must now be defeated, not because of McCain, since he's one of them, but because of Palin and the future threat she represents.

Finally, I noted with sadness the anguish in your post concerning what you believe to be the mysterious behavior of President Bush throughout all these matters. I don't believe you and I have ever corresponded, but I have been here over ten years and am fully aware of the great personal effort and tremendous sacrifices you have made for the Republican party in Oklahoma, and President Bush in particular.

I understand the profound feelings of betrayal you are experiencing, and wish I could offer some comfort. Unfortunately, the hard truth is that it's not really a question of Bush not wanting McCain to win because of their admittedly very real personal animosities. The brutal reality is that they're both wholly-owned assets of the real "powers that be", as are Obama and Biden. Palin is the only wild card that worries them.

They're all interchangeable and expendable pieces on an elaborate chessboard of political theater, and are simply playing out their roles. The 2008 election itself is merely another component of this political kabuki dance, and is essentially being used as a distraction to keep the people preoccupied while our elites consolidate their agendas.

Whether President Bush is a willing, enthusiastic partner in this treasonous betrayal of his country, or whether he's acting under duress and some horrible compulsion is an open question, but it's been obvious for quite some time that he's no longer in control of his administration or his Presidency.

I prefer to believe that he's acting unwillingly, and when I see him speak publicly these days I believe I see in his eyes the same anguish I hear in your posts. Either way, it is beyond obvious that the fix is in, the powers that be are making their move for the final dismemberment and dissolution of our Constitutional Republic, and President Bush is powerless to oppose it, even if he wanted to.

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