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And Obama was taking credit for bringing Republicans and Democrats together to form a compromiseThey both suck, so how does that make you both look?Before the vote- McCain was taking credit for brokering the deal with House Republicans!
I live in Fort Worth.
And Obama was taking credit for bringing Republicans and Democrats together to form a compromiseThey both suck, so how does that make you both look?Before the vote- McCain was taking credit for brokering the deal with House Republicans!
After reading all the entries in this thread, I can only come to one conclusion. Nancy Pelosi is most definitely boutons's mother. The correlation is just too much to ignore. Carry on with all the other insults and political jabs. You're doing a wonderful job!
You realize the 50-50 compromise deal was upheld by the Democrats and not the Republicans- right?And Obama was taking credit for bringing Republicans and Democrats together to form a compromise
I'm disappointed in McCain for supporting this . They both had an opportunity last week to speak out and both gave political nonanswers.
I was just pointing out to the clown on the left who was laughing at McCain for his comments before the vote this morning that Obama was throwing out even more hyperbole.
Dems are socialists. The Republicans that believe in fiscal conservatism stepped up and voted against. I have zero problem with that, Paulson's plan sucked donkey balls.
It was like the idea of signing Rasho to the max - pure stupidity.
Boehner called a presser and basically said "I preside over a caucus of little children. They agree with the policy, but let personality get in the way of doing what's right for the country."
I still can't believe he said that out loud.
In any event, congratulations President-Elect Obama. The calculus is pretty simple: Getting re-elected in my swing district > helping McCain get the Presidency. They know how this is going to play locally and nationally, and they're abandoning McCain to stem the amount of GOP hemorhaging in Congress.
Congratulations President-Elect Obama.
Had they had a pair and been doing that for the past 4 years, things would be alot freaking different right now.
By: Mike Allen
September 29, 2008 04:11 PM EST
PoliticoSen. John McCain (R-Ariz.) and his top aides took credit for building a winning bailout coalition – hours before the vote failed and stocks tanked.
The rush to claim he had engineered a victory now looks like a strategic blunder that will prolong the McCain’s campaign’s difficulty in finding a winning message on the economy.
Shortly before the vote, McCain had bragged about his involvement and mocked Sen. Barack Obama for staying on the sidelines.
“I've never been afraid of stepping in to solve problems for the American people, and I'm not going to stop now,” McCain told a rally in Columbus, Ohio. “Sen. Obama took a very different approach to the crisis our country faced. At first he didn't want to get involved. Then he was monitoring the situation.”
McCain, grinning, flashed a sarcastic thumbs up.
“That's not leadership. That's watching from the sidelines,” he added to cheers and applause.
Wisely, in retrospect, McCain initially had been more modest. On Sunday, he said on ABC’s “This Week” that congressional negotiators deserve “great credit” for the bipartisan deal. “"It wasn’t because of me,” McCain said. “They did it themselves.”
But at almost the same time, McCain senior adviser Steve Schmidt was saying on NBC’s “Meet the Press”: “What Sen. McCain was able to do … was to help get all of the parties to the table. There had been announcements by Senate leaders saying that a deal had been reached earlier in the week. There were no votes for that deal.
“Sen. McCain knew time was short and he came back, he listened and he helped put together the framework of getting everybody to the table, which was necessary to produce a package to avoid a financial catastrophe for this country.”
On Monday morning, McCain campaign communications director Jill Hazelbaker said on Fox News that the deal would not have happened “without Sen. McCain.”
“Sen. McCain interrupted his campaign, suspended his campaign activity to come back to Washington to get Republicans around a table,” Hazelbaker said. “Without Sen. McCain, House Republicans would not have appointed a negotiator, which would not have moved this bill forward.
“It’s really Sen. McCain who got all parties around a table to hammer out a deal that hopefully is in the best interests of the American taxpayer.”
After the vote, commentators were harsh. MSNBC’s Chris Matthews said: “He’s like a cavalry commander who said ‘Charge!’ and the Republicans went into retreat.”
As am I.
This would've been the perfect time to preach his fiscal conservatism and explain how under his presidency, reversing spending under Bush would fix alot of problems.
Bumbled and played politician, very very dissapointed.
Yeah, if McCain would have made a statement like Representative Hensarling that could have ended it Friday:
“My top responsibility as an elected official is to protect the families and people who trusted me to represent their interests in Washington. I do not take lightly the critical nature of the credit crisis that our capital markets face today and the grave situation that every American will face should our credit markets freeze and remain frozen. Inaction has never been an option, but the Paulson plan should have never been the only option.
“In my heart and in my mind, I believe that this plan is fraught with unintended consequences, would force generations of taxpayers to pick up the tab for Wall Street losses, and could permanently and fundamentally change the role of government in the American free enterprise system. Once the government socializes losses, it will soon socialize profits. If we lose our ability to fail, we will soon lose our ability to succeed. If we bail out risky behavior, we will soon see even riskier behavior.
“I also believe that this Congress, in a rushed effort to provide stability to a troubled credit market, did not adequately discuss or investigate potential alternatives that would have cons uted a work out and not a bail out. Even at this moment, it still remains more important for Congress to do it right than to do it fast. I stand ready, as do many of my colleagues, to stay here for as many days as it takes to do this right.
“For the last week, House conservatives have fought to protect innocent taxpayers from an unprecedented government raid on their wallets to bail out Wall Street from their bad decisions and financial losses. Principled Republicans like Paul Ryan and Eric Cantor helped improve the legislation before us by adding increased taxpayer protections and additional Wall Street accountability. But mere improvement is not the test for support. The test is whether, after weighing both the good and the bad, you believe that the plan ultimately leads America in the right direction. Using that test, I cannot in good conscience support this legislation.”
Ron Paul calling it before the vote. Speech of the year.
Its not that I'm in favor of the bailout in oder to save wallstreet. Its that I'm in favor of not having a load of Americans lose their job and having this thing spiral out of control. The bailout wasn't going to save us from this , it was just going to make it a little less painful. Regardless of everthing you've heard, the government stood to keep most of this money in the end. People here are talkinga bout how great of an investment these properites in favor of not doing the bailout and not thinking about how that lowers the risk of the bailout.
I'm not sure which path is best, but I know if there is no bailout that we're in for a world of hurt. There seems to be an idea here that the money isn't going to dry up or that the credit markets will keep lending when this is the opposite of everything that is happening and has happend during this crisis.
We'll see the way things play out, but all in all I think this is the more painful route to take. If we actually see a dramatic shift in the way government and business ineteract after this then maybe it will be worth it but I don't see taht as some sort of given. I think we could have reached that ending through the bailout as well.
In either case, nothing is a given and we'll just have to see how it plays out. I'm far more pesamistic on this issue than most of you here, so I hope you're all right.
Oh and for the love of god please spare me the posts saying the GOP was not playing politics. Both they and the Dems were playing obvious poltics here. So just stop. McCain played his stunt last week and is probably the 2nd biggest loser in all of this to Nancy Pelosi. The difference being Pelosi isn't running for President.
McCain's pretty ed as of right now.
That's all well and good but the people that share your POV aren't enough to get McCain elected....
Not doing the bailout is the rational decision. Unfortunately, the pool of humanity isn't a rational set. Markets are easily stampeded, and people panic. It'[s easy to say "let the bad banks go under", but it won't stop there.
If this starts snowballing, no one will control it.
Manny, it's going to suck either way. The question is do you want us all to go through a recession or go through a recession and be on the hook for covering a $700 billion up by Wall Street on top of it.I'm not sure which path is best, but I know if there is no bailout that we're in for a world of hurt. There seems to be an idea here that the money isn't going to dry up or that the credit markets will keep lending when this is the opposite of everything that is happening and has happend during this crisis.
We'll see the way things play out, but all in all I think this is the more painful route to take. If we actually see a dramatic shift in the way government and business ineteract after this then maybe it will be worth it but I don't see taht as some sort of given. I think we could have reached that ending through the bailout as well.
In either case, nothing is a given and we'll just have to see how it plays out. I'm far more pesamistic on this issue than most of you here, so I hope you're all right.
The Republican Reps weren't playing politics at all...they were carrying out the will of their cons uents...who were giving them an ass chewing.
And their butts entirely on the line to do it. No safety net.
That's what they're elected to do...just because you never see the guys from either party actually doing it doesn't mean it's supposed to be that way.
Obama came out yesterday and talked about how he helped broker this bipartisan deal. I'd say he looks pretty ing stupid today too (and there's also a story out that he released a statement kissing ass before the vote today, then had to retract it after the fact).
O Rly? So then telling the Dems they had the votes wasn't playing politics?
Yeah, OK.
True enough. The banks that failed this past week were finished off by good old fashioned bank runs. News of no bailout is caused some markets to lose almost 10% of their value this afternoon. It's a shame it's all connected, but it is.
If this goes south, it'll make the 1930s look like a ing tea party. We're already on the hook for several trillions. What's another $700B when it could be the difference between a recession and Ragnarok?
McCain looks worse. There's no ing way to spin it as though Obama looks worse than McCain. They ALL look bad, and thats obvious, but there's no ing way you can spin McCain looking better than Obama coming out of this mess considering McCain's stunt.
Thats a guess. Trying to figure out how this is going to pay out years from now is simply a guess. All I know is that for sure this is going to suck in the near term. I'm not counting out 10-15% unemployment.
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