Thread: McCain Should Get Credit For This

McCain addresses housing crisis options
SANTA ANA, Calif. (AP) — Republican John McCain said today that government isn't in the business of saving and rewarding banks or small borrowers who behave irresponsibly though he offered few immediate alternatives to fixing the growing housing crisis.


"I will consider any and all proposals based on their cost and benefits," the certain GOP presidential nominee, who has acknowledged in the past that the economy is not his strong suit, told local business leaders south of Los Angeles.


Democrats accused Sen. McCain of lacking the skills needed to lead a country on the brink of recession.


"Instead of offering a concrete plan to address the crisis at all levels, Mr. McCain promised to take the same hands-off approach that President Bush used to lead us into this crisis," Democratic Party Chairman Howard Dean said in a statement.

Letting the market solve it's own problems is the most concrete of possible plans.

The people that borrowed money responsibly shouldn't be taxed to bail out the wastrels.

The people that borrowed money responsibly shouldn't have their dollar devalued to bail out the banks.

What's so hard to understand about that?

Edit: Here's a real issue, too. By the time any of these clowns are sworn into office, and by the time any of their proposals are implemented into law, the whole sub-prime lending "crisis" will be over.

Originally Posted by Freedom for All

Letting the market solve it's own problems is the most concrete of possible plans.

The people that borrowed money responsibly shouldn't be taxed to bail out the wastrels.

The people that borrowed money responsibly shouldn't have their dollar devalued to bail out the banks.

What's so hard to understand about that?

Edit: Here's a real issue, too. By the time any of these clowns are sworn into office, and by the time any of their proposals are implemented into law, the whole sub-prime lending "crisis" will be over.

Where have you been? Last week alone the feds bailed out the lenders at the tune of 259 billion, McCain knows this. This is a smoke and mirror, sound like you know what your talking about lie perpetrated by McCain.

Originally Posted by Freedom for All

Letting the market solve it's own problems is the most concrete of possible plans.

The people that borrowed money responsibly shouldn't be taxed to bail out the wastrels.

The people that borrowed money responsibly shouldn't have their dollar devalued to bail out the banks.

What's so hard to understand about that?

Agreed! Meanwhile Clinton's plan is a big bailout program.

Where I've been is reading the article I posted.

It doesn't mention either the Fed's actions or whether McCain had any influence in the Fed's decision making, which he probably did not.

What I was pointing out is that:

a) McCain said something sensible. This is something so uncommon for presidential candidates it should be highlighted.

b) The Red Queen and Osama are all for making matters worse, something they call "getting the government to help".

c) It doesn't matter what they propose, by the time any of them got to do anything, it would be all over already, so the real issue is how foolish can those voters be?

Originally Posted by Freedom for All

Where I've been is reading the article I posted.

It doesn't mention either the Fed's actions or whether McCain had any influence in the Fed's decision making, which he probably did not.

What I was pointing out is that:

a) McCain said something sensible. This is something so uncommon for presidential candidates it should be highlighted.

b) The Red Queen and Osama are all for making matters worse, something they call "getting the government to help".

c) It doesn't matter what they propose, by the time any of them got to do anything, it would be all over already, so the real issue is how foolish can those voters be?

What he said is moot, they got their bail out and McCain knows it.

By the time McCain gets in there most of the big bail outs will have already occured, which will be perfect timing for the part of his speech where he said the homeowners shouldnt be bailed out.

Because thats how long it will take for anyone to do anything for the individual if that is even possible.

I still think personal responsibility for individuals and corporations should rule, if you fuck up then pay the price.

McCain is full of shit all the way his speech means nothing to me.
He obviously still wants endless war, so that means endless spending

The feds bailed out the lenders?


THE LENDERS???????


The Lenders??????????????


How mighty classy of them.

Originally Posted by mjdsr

Agreed! Meanwhile Clinton's plan is a big bailout program.

$30,000,000,000. I think that's billion, do I have enough zeroes there?

Originally Posted by Chad750

By the time McCain gets in there most of the big bail outs will have already occured, which will be perfect timing for the part of his speech where he said the homeowners shouldnt be bailed out.

Because thats how long it will take for anyone to do anything for the individual if that is even possible.

I still think personal responsibility for individuals and corporations should rule, if you fuck up then pay the price.

McCain is full of shit all the way his speech means nothing to me.
He obviously still wants endless war, so that means endless spending

Couldn't agree more.

Originally Posted by Dr.Knuckles

The feds bailed out the lenders?


THE LENDERS???????


The Lenders??????????????


How mighty classy of them.

They always take care of the banks. Big bucks there for campaigns.