Posts Tagged ‘Wall Street crisis’

Spiraling McCain Wants a Time-Out

September 25, 2008

We’ve known how bad the Palin pick was, but we had idea that it was so bad that John McCain would try to keep her from the press. But now that she has been exposed repeatedly by rather tame interviewers, the McCain campaign is now trying to keep her out of the vice presidential debates by postponing them.

Is it any wonder? She might just make Stockdale look prepared.

By “suspending” his campaign for an issue that two weeks ago he didn’t think was “about to crater,” McCain seems close to just giving up on the election. I’m trying to figure out what exactly he’s going to contribute to this economic issue. Consider his infamous statement a few days ago: After saying the economy was fundamentally strong, he proceeds to list his usual economic plan . . . “robust energy plan . . . low taxes and reduced burden of government.” Folks, government burden, energy, and taxes have zero to do with the current problems. If anything, the lack of government oversight is responsible for this crisis. We don’t need the failure that is his vice presidential candidate (who is not ready to be president today) to know that McCain has no idea what’s going on or what to do. We can listen to him on the topics themselves to know that he’s lost . . . in more ways than one. The current economic issue is so difficult for him that apparently, he can’t focus on anything else. After he’s still trying to figure out if he supports the bailout or not.

Barack Obama, on the other, has shown calm leadership, doing what should always be done–lay out, first, criteria for a good solution for the Wall Street crisis.

With all the controversies surrounding McCain and Palin, it’s no wonder he wants a time-out.

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It Could Be Worse

September 19, 2008

As we watch the current economic crisis and failing financial institutions, and as some near retirement see portfolio losses, remember which presidential candidate voted for Bush’s 2006 plan to privatize Social Security and who, in his 2000 presidential campaign, proposed diverting Social Security to private accounts. Imagine how much worse it would be for those depending on Social Security if Bush and McCain had had their way.

When McCain said, “The issue of economics is not something I’ve understood as well as I should,” believe him.

Update: McCain had the audacity to say the following yesterday:

“While Fannie and Freddie were working to keep Congress away from their house of cards, Senator Obama was taking their money,” the Republican nominee for president says. “He got more, in fact, than any other member of Congress, except for the Democratic chairmen of the committee that oversees them. And while Fannie Mae was betraying the public trust, somehow its former CEO had managed to gain my opponent’s trust to the point that Senator Obama actually put him in charge of his vice presidential search….”

Really, McCain should take a look at his own staff: AIG, Merrill Lynch, and Lehman Brothers lobbyists. And in 2008, Freddie and Fannie directors, lobbyists, and officers have contributed nearly 10 times more to McCain’s campaign than to Obama’s.

The McCain lies and flipflops continue.