Reply With Quote
It's pretty obvious we need to increase rich whitey's taxes, increase investment taxes, strengthen unions, and force companies to send checks to everyone in USA. Only then, will our economy make nice sounds again.
So says John McSame. Know who else said that?
"The fundamental business of the country, that is the production and distribution of commodities, is on a sound and prosperous basis."
A McCain campaign speech? No, it was said almost exactly 69 years ago by President Herbert Hoover on October 25, 1929. Which, for those of you keeping track of such things, was the day after Black Tuesday, which is known now to be the beginning of the Great Depression.
http://www.presidency.ucsb.edu/ws/index.php?pid=21979
Those who do not learn from history are condemned to repeat it. We're seeing that in foreign policy (Vietnam was an un-winnable, unsupported, costly war) and now in economics.
It's pretty obvious we need to increase rich whitey's taxes, increase investment taxes, strengthen unions, and force companies to send checks to everyone in USA. Only then, will our economy make nice sounds again.
No, it's pretty obvious we need to stop funneling money to an un-winnable war in a country that has a billion dollar surplus right now.
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
A bill to address the regulation of secondary mortgage market enterprises, and for other purposes.
Track S. 190 [109th]
Because this bill was introduced in a previous session of Congress, no more action can occur on this bill. To see if related legislation is introduced in the current Congress, you will have to monitor the relevant subject areas, such as the ones listed in the Other Info tab.
Primary Source
See S. 190 [109th] on THOMAS for the official source of information on this bill.
What is a Senate Bill (S.)?
A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.
See also: How a bill becomes a law from Project Vote Smart.
Overview
Sponsor: Sen. Charles Hagel [R-NE]hide cosponsors
Cosponsors [as of 2007-01-08]
Sen. Elizabeth Dole [R-NC]
Sen. John McCain [R-AZ]
Sen. John Sununu [R-NH]
Cosponsorship information sometimes is out of date. Why?
Bill Text: Summary | Full Text
Status: Introduced Jan 26, 2005
Scheduled for Debate -
Voted on in Senate -
Voted on in House -
Signed by President -
This bill never became law. This bill was proposed in a previous session of Congress. Sessions of Congress last two years, and at the end of each session all proposed bills and resolutions that haven't passed are cleared from the books.
Last Action: Jul 28, 2005: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a subs ute favorably.
FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005
The United States Senate
May 25, 2006
Section 16
John McCain:
Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator's examination of the company's accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are en ies that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored en ies or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
Contributors to the Obama Campaign:
Freddie Mac/Fannie May $123,000
Is it possible for McCain to own everyone on this subject more than he already does?
If so I'd like to know how.
One more time just for you Supergirl:
If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.]
That's not Herbert Hoover in 1929, that's John McCain in 2005. Quote that.
Has his camp pressed this issue with actual stuff like above or are they still focusing on Sexist SNL and Sexist Lipstick on a pig? Real question.
If not, his campaign manager needs to be fired.
Obama gives McCain so much ammo he could use, yet I don't really hear anything.
Obama gets the luxury of being a nobody with barely any political past performance, and he gets to sit back and throw "4 more years", "same old washington" with ease. McCain should call him out on this. Start fear-mongering the type of change Obama will really bring. How much is McCain paying these clowns?
Oh I imagine we'll probably hear something about it today...if not that means they're saving that stuff for the debates.
It is kind of weird though..the Democrats usually don't do and peddle nothing but , but they make it sound good so the stupid people start parroting it.
The Republicans OTOH usually do have some good stuff but they suck at showing it....so the speculation runs wild.
my economy is sound...that's really the issue isn't?
You can't use rational thought to go after a candidate in a national election. The majority of the population are the reactionary idiots on both sides. The intelligence of the american voting public is represented very accurately by the members of this forum.
I know you say this tongue in cheek, Eva, but the question is a good one; and one which ALL of us need to think about.
The chickens are running around our TV's all the ing time, screaming "the sky is falling"; and these bis ass companies certainly are, and several of them are getting bailed out by......all of us.
They played fast and loose, ed up, and because they are "So Important to the World economy" according to Jim Kramer this morning, that they HAD to be bailed out.
Important to WHAT World Economy? Does my checkbook give a flying what happens to these copanies? Or do just VERY fat checkbooks (like Kramer's) give a ? He sure seemed calm and happy this morning; after the bailout was announced.
Also, WHO writes the actual check for the bailout? I didn't see a bill go to Congress; nor do I see any Congresspeople screaming about it this morning. BUT almost NINETY BILLION of OUR dollars were GIVEN to a company that just ran itself into the ing ground last night - not a peep about it!!! The "bridge to nowhere" pails in comparison; but a huge deal has been made about that! That's, what, 10 more months of the Iraq war? Isn't THAT a big deal?
Nothing from Dems. Nothing from Republicans.
THIS, I feel, is the powerful and wealthy, worldwide; driving one up our collective asses. Why don't we hear from either side of the aisle? 'Cause they're in on it. As long as they have us distracted about MEANINGLESS, ridiculous, 3% here, 2% there; tax credits, abortion....etc...the list is endless; they can take their other hand, and drive the prosthetic in FARTHER!!!!
Yesterday BOTH McCain and Biden stated there OUGHT not be a bailout.
This morning their surrogates on TODAY (Pawlenta and Richardson) were ridiculed for "not understanding" what needed to happen....let's see if EITHER campaign condemns this today; or will they let it go by without a word; distract us with some other bull ; and go about their campaigning, secure in the fact that, at the end of the day, whether they become president or not, they will have a whole of a lot of money and power when it is over.
End time candidates with a warring God? Yikes! I'd say we're about to have a history lesson.
oh the irony
cut taxes and they will create jobs. bull , not anymore.
they don't give a rats ass about americans...they want incredible wealth....now they just have to build the illusion of high stock value and get everyone to play along.
mccain? he's ing clueless about the economy. i'd love to be his economic consultant.
Cut taxes and they will create jobs...In China.
no . this would be hilarious if it wasn't so pathetic.
there are 2 candidates, and when america looks at john mccain they'll see the face of corporate greed.
he's running around the country telling his sheep that he'll form a committee to oversee the corruption, which is bull for the simple fact that he will have absolutely zero, zilch, nada imput on that claim.
his cronies will be pulling him around on a leash like a dog.
This distortion of Obama being a "nobody" is just repulsive. How a man who knows more about cons utional law and how our government should work, who was a two term state senator before his terms as US senator, can be considered a "nobody" ....well, that just comes back to the points of the article I posed on white privilege.
He is certainly more experienced about domestic and foreign issues than Palin. And while both Biden and McCain can cite more "experience" they've both been around for all the disasters and mistakes, particularly of the Bush and Reagan years, and at some points can be held equally culpable. Really, Obama is the ONLY one of the four candidates who is experienced, knowledgeable, and has fresh ideas to offer the system which is in many ways broken.
State SenatorThat can be good if the person has a record of getting things done. Otherwise, I personally know a few state senators who I want no where near the oval office.
Now the US congress is another subject. That is quality experience, but his time is limited and he has done nothing while he's been in office.
you might be right on the foreign, but they could both possibly be clueless.He is certainly more experienced about domestic and foreign issues than Palin.
Can't wait for the debates.
So Reagan would lose this election? IMO Reagan would win all 57 states.And while both Biden and McCain can cite more "experience" they've both been around for all the disasters and mistakes, particularly of the Bush and Reagan years, and at some points can be held equally culpable. Really, Obama is the ONLY one of the four candidates who is experienced, knowledgeable, and has fresh ideas to offer the system which is in many ways broken.
I can think of a uva lot better-suited candidates than the ing wasteland we are force-fed by this two party system than McCain/Soccermom and Obamessiah/Biden.
Now thats a ing post.
101A, we don't want capital to dry up. How would Americans buy houses, cars, appliances, etc...? You could say cash, but the vast majority of Americans have negative savings rates and live paycheck to paycheck. We could trigger a great depression right now or we can prolong things and hope we straigthen things out later. I've been harping about this unsustainable path we're on as a country since I first registered on this site. In fact, I've made it clear that McCain only buys us more time and maybe a 1% chance of turning things around. By the end of Obama's term we will be in that great depression.
There is a reason behind my signature.
101A writes a killer post. Congrats.
The capitalist Old Boys in govt bailing out the private-sector Old Boy capitalists in private sector using taxpayer (From The People) obligations is just more proof that the USA is run by a kleptocratic plutocracy to their exclusive advantage and enrichment, and not run By The People, For The People.
thats a childish prediction.
you're not qualified to see the future, period.
last year, you wanted to turn social security over to wall street
Can't wait to see the bonuses the execs at these companies get at the end of the year...
I'm more than qualified to make an educated prediction, period. You on the other hand... I don't know.thats a childish prediction.
you're not qualified to see the future, period.
last year, you wanted to turn social security over to wall street
You know nothing about what I wanted. My position on social security has been and continues to be choice for those under the age of 40. Let me be free from a system that is built around printing money.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
