Monday, September 29, 2008

McCain's Blame Game

Remember it was McCain who said he was going to lead the Republican charge for the bailout of Wall Street, he was going to make sure that this was a bipartisan success...he called for the charge, well what happen?

I am sure that the folks that have gotten rich stealing from us can raise enough in a fund raiser to help with their own bailout. It seems those billions in option ARMs were just too much, now their equity is about to be gone. So do a fund raser and get yourself back on your own feet, as we all do.

With the bailout that would ensure money for the already rich, we the Main Street would be giving away everything for nothing.

I do not know about you, but I am tired of being on the lowest scale in this country. Any time Americas are asked to sacrifice, it's always the poor and middle class doing just that.

Now that this bill did not pass McCain is blaming anyone he can and you know that starts with Obama.

If we elect this man as our next President, we will have only ourselves to blame. Anyone still feels that need to follow McCain because Hillary did not win, what say you?


Anonymous said...

They only need to swing about thirty voters, but I think the nearer we get to the election the harder it's going to be get anything passed.

Here's what I expect will happen: a baby bailout will be passed now to keep the financial markets afloat for the next six weeks, and a huge bailout will pass shortly after the the election.

LET'S TALK said...
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LET'S TALK said...

Hi Thomaslb, right now I really don't know what will happen.

I only know it wasn't as urgent as first stated by Bush and Paulson.

Parson said...

It's funny how Congress actually listened to the people that called their offices and told them if they voted "yes" for the bailout they wouldn't get re-elected in November.

I read someplace that only 7% of Americans support the bailout.

Mauigirl said...

I know, McCain has been worse than useless in this mess and certainly not living up to what he professes to believe in.

I had lunch with two friends that I work with and was astonished to hear that they actually think Sarah Palin is qualified to be VP. I am always amazed to meet otherwise intelligent people who are Republicans.

LET'S TALK said...

Hi Parson, it's really funny how our Representatives responded this time, but there is an election for some coming up.

LET'S TALK said...

Mauigirl, I live in a small city in a county called Rockdale. I'm sure 1138 could tell you about this better than I could.

Things are changing, to some degree too much, but what I'm trying to say is there's a lot of intelligent people supporting McCain/Palin. so I'm not shocked at all.

S.W. Anderson said...

McCain trying to grab credit for the bailout bill passing before it was voted on, then trying to dump on Obama was pathetic. People who can't see through his nonsense are probably hopeless cases who don't want to be bothered with facts.

"With the bailout that would ensure money for the already rich, we the Main Street would be giving away everything for nothing."

LT, the plan is imperfect, but it's not that kind of complete giveaway. The plan voted down yesterday included provisions for taxpayers to get most of their money back, maybe even make a profit. It also had provisions to keep CEO's and top executives of participating companies from making a killing while taxpayers are keeping them from going belly up.

As it stands now, it's fair to say the plan is more of a longterm public investment than a bailout in the sense of just handing over money and kissing it goodbye.

LET'S TALK said...

You are mostly right SW, but before this plan was defeated in Congress, Bush got what he wanted in the tune of a trillion dollars, when they passed Wednesday, the defense and Homeland Security bill. see Trillion-Dollar Defense Bill

To top that SW, The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. see Blooberg

Before the money is made or stacked it's gone and I think the Congress should think this out and come up with something better for Main Street and a better regulation system for this money and the financial institutions.

Kvatch said...

Nothing sucks harder than getting played for a chump.

Tonight's vote in the Senate is no more than an 'end run' around a recalcitrant House--make them the last road-block standing in the way of the bailout, and they'll have to cave. Or so goes the logic at Bu$hCo.

Chumps, just like us.

Tom Harper said...

You're right about these billionaires holding a fundraiser to bail themselves out. Warren Buffet has contributed some huge ungodly amount to one of these companies. Other billionaires should follow his example. Imagine -- people getting themselves in financial trouble and then bailing themselves out.

We could call it -- Capitalism!

LET'S TALK said...

Kvatch, it would be a miracle if our House and Senate actually went against Bush and his wishes...isn't he supposes to be a lame duck?

LET'S TALK said...

Tom Harper, I almost fort what Capitalism was in the Bush era.

There is nothing wrong with private enterprise just as long as our taxes are not put in to play.