Give me a break!

iVillage Member
Registered: 09-16-2008
Give me a break!
45
Sun, 09-21-2008 - 9:38am

So now the McPain campaign is saying that the Obama campaign is 'using the economic crisis' to advance their campaign. Just curious - isn't this another way for the McPain campaign to use the economic crisis??? Kind of like the pot and the kettle thing going on here? Maybe it is just sour grapes since McPain sounded out of touch when he said last week that the fundamentals of the economy were sound? Then on the other hand McPain is criticizing the Obama campaign for not coming out with a plan right away - wouldn't that be using the crisis as well?

McCain: "We must not bailout the management and speculators who created this mess. They had months of warnings following the Bear Stearns debacle, and they failed to act.”

McCain also called for “strong and effective regulation” of the financial services industry, which he has done repeatedly over the past few days of the financial meltdown, but something he has not always supported. McCain called for deregulation of the banking industry in his support of the 1999 Gramm-Leach-Bliley Act, which knocked down the obstacles between banking, investment and insurance companies."

Palin: "“Disappointed that taxpayers are called upon to bailout another one,” she said. “Certainly AIG though with the construction bonds that they’re holding and with the insurance that they are holding very, very impactful to Americans so you know the shot that has been called by the Feds its understandable but very, very disappointing that taxpayers are called upon for another one.” "

I guess if you can't utter a coherent statement or feel you have to rush in to issue a statement before considering the implications you might need to deflect the negative attention you receive from your actions. Personally, I prefer a president who takes the time to check with financial advisors before issuing a statement that later has to be back peddled.

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iVillage Member
Registered: 07-03-2008
Sun, 09-21-2008 - 9:51am
This is the way the smarney Republicans operate. Bush also knew this would happen. I remember
iVillage Member
Registered: 08-27-2008
Sun, 09-21-2008 - 10:35am

Yes Republicans at their best.

iVillage Member
Registered: 07-03-2008
Sun, 09-21-2008 - 10:47am
My son has a good friend who is an auto Mechanic, his wife is an Elementary School teacher. they bought a big home a few years ago, their monthly payment is 1,600 a month! I realize these people should be able to make it and do ok, between them thay probably make 100,000 a year. So, they should be fine, inless one of them can't work, from illness or accident that incapacitates one of them. Rule of thumb, and i'm sure these preditory loaners didn't use this rule of thumb. When a couple buys a home, the monthy payment shouldn't be anymore than one of the earners monthly pay, preferably say one paycheck (two weeks pay)(gross). But I highly think they did that. These people who took these loans were led to believe it wouldn't go up that much, and unfortunately, they believed them!
iVillage Member
Registered: 01-18-2006
Sun, 09-21-2008 - 10:56am
And he was correct.

 

iVillage Member
Registered: 08-27-2008
Sun, 09-21-2008 - 12:25pm

My daughter has a good friend who made less than $25,000 a year

iVillage Member
Registered: 07-03-2008
Sun, 09-21-2008 - 1:30pm
Yep, McCain will see to it that the Ins companies, the Pharma companies, and all his wealthy croynies don't get affected. Remember always he was part of the Keating Five, and and don't forget Jeb Bush was involved in that Silverado S&L debacle.
iVillage Member
Registered: 09-12-2008
Sun, 09-21-2008 - 3:30pm

Interesting, Obama did receive roughly $126,000.00 in donations; $6,000 from the fannie and freddie the companies themselves but $120,000.00 came from individuals, like you and me, who happen to work at these companies. These people, donated to him because he is their candidate of choice and have no power to influence policy. McCain only received a little over $2600.00 from individuals and none under companies name. On the other hand, I found the following information on another blog which refers to Fannie Mae and Freddie Mac Directors,Officers and Lobbyists that made contributions to each candidate. By these numbers, I'm thinking if anybody is beholding.... well you can figure it out.

From the Federal Election Committee/NYT

Fannie Mae and Freddie Mac
Directors/Officers/Lobbyists
Contributions

Name .................McCain............Obama
----------------- ------ -------
Geoffrey Boisi..........$70,100............$0
Alfonse D'Amato ........$30,800............$0
William Lewis, Jr............$0 .......$4,600
Herbert Allison, Jr..........$0........$2,300
Brenda Gaines ...............$0........$2,300
Jerome P. Kenney ........$2,300............$0
Patrick Swygert .........$1,000........$1,000
Robert Glauber .............$0....... $1,000
Daniel Mudd ............$1,000............$0
John Sites ............$1,000............$0
Louis Freeh ...............$200............$0
Others(29 lobbyists)....$63,500........$4,800
-------------------- ---------- -------
Total..................$169,900 ......$16,000




Edited 9/21/2008 3:41 pm ET by patemuse
iVillage Member
Registered: 07-05-2006
Sun, 09-21-2008 - 3:33pm

Very interesting.

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iVillage Member
Registered: 09-16-2008
Sun, 09-21-2008 - 5:38pm
interesting - just how credible is McCain's call for 'over site'?
iVillage Member
Registered: 01-06-2001
Sun, 09-21-2008 - 5:56pm
Did you mean

 

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