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McCain campaign ON HOLD! - Page 3

post #81 of 169
Quote:
Originally Posted by FloorJack View Post

Looks like McCain nailed it on this one. The deal is just about done. McCain gets his "Country First" moment and gets his photo in the paper long side Bush and The Big O.

It actually makes sense that McCain and Obama are in washington doing this deal. One of the two of them will have to live with this after January.

I've got a suggestion. If McCain doesn't want to do the debate on Friday and wants to postpone it until Oct. 2nd lets have the VP debate on Friday instead.

I heard from McCain's campaign advisor on the Today show this morning saying Palin was ready to go!
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post #82 of 169
Trumptman: do these shenanigans lower your opinion of McCain?
post #83 of 169
post #84 of 169
Quote:
Originally Posted by franksargent View Post

Great prediction. NOT!

My bad. NO DEAL!
post #85 of 169
Quote:
Originally Posted by FloorJack View Post

My bad. NO DEAL!

And why not? There was a bipartisan agreement going into the meeting, then suddenly all the Republicans start jumping ship because, well, why?

And who is the only person smiling in that meeting? Everyone came out exasperated, but one guy sat through it smiling.

Supposedly, everyone was in agreement, except for McCain and Shelby.

http://www.huffingtonpost.com/2008/0..._n_129438.html

 

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post #86 of 169
Thread Starter 
Perfect Shit-eating Grin.
post #87 of 169
REPUBLICANS: PLAYING POLITICS WITH A NATIONAL CRISIS!

This party no longer has any shame left in their soul. Utterly unbelievable.

They really shouldn't call themselves Republicans anymore. I used to have a lot of respect for Goldwater Republicans. This current lot and their followers, however, a dead determined to destroy this nation and burn it to the ground.

And then, maybe, they'll be happy as the lock arm and arm and survey the destruction.
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post #88 of 169
Quote:
Originally Posted by Bergermeister View Post

And why not? There was a bipartisan agreement going into the meeting, then suddenly all the Republicans start jumping ship because, well, why?

And who is the only person smiling in that meeting? Everyone came out exasperated, but one guy sat through it smiling.

Supposedly, everyone was in agreement, except for McCain and Shelby.

http://www.huffingtonpost.com/2008/0..._n_129438.html

What happened was that the media, in tank for The Big O, tried to embarrass McCain by announcing a deal before McCain arrived in DC. But The Deal was all a media fabrication.
post #89 of 169
Quote:
Originally Posted by Northgate View Post

REPUBLICANS: PLAYING POLITICS WITH A NATIONAL CRISIS!

This party no longer has any shame left in their soul. Utterly unbelievable.

They really shouldn't call themselves Republicans anymore. I used to have a lot of respect for Goldwater Republicans. This current lot and their followers, however, a dead determined to destroy this nation and burn it to the ground.

And then, maybe, they'll be happy as the lock arm and arm and survey the destruction.

You guys have no idea what's been happening for the last several days, do you?

We've been calling, e-mailing and faxing our representatives to kill this deal... thousands of us. This "national emergency" is a fraud.

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post #90 of 169
Quote:
Originally Posted by FloorJack View Post

What happened was that the media, in tank for The Big O, tried to embarrass McCain by announcing a deal before McCain arrived in DC. But The Deal was all a media fabrication.

McCain's in DC?

What's he doing there?

Oh, I see nothing.

Absolutely nothing.

Just like his campaign is doing.

Before it sinks like the Titanic.

Every eye fixed itself upon him; with parted lips and bated breath the audience hung upon his words, taking no note of time, rapt in the ghastly fascinations of the tale. NOT!
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Every eye fixed itself upon him; with parted lips and bated breath the audience hung upon his words, taking no note of time, rapt in the ghastly fascinations of the tale. NOT!
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post #91 of 169
http://www.nydailynews.com/blogs/dc/...eters-rea.html

McCain returned to DC but did not participate in the discussions until the WH meeting.

What a jerk.

 

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post #92 of 169
For what its worth:

Total cost of all corporate bailouts prior to 2008 (in 2008 dollars): $347.5 Billion

Total cost of 2008 corporate bailouts (assuming the $700B one gets passed): $1,015 Billion

Source.
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post #93 of 169
Quote:
Originally Posted by iPoster View Post

For what its worth:

Total cost of all corporate bailouts prior to 2008 (in 2008 dollars): $347.5 Billion

Total cost of 2008 corporate bailouts (assuming the $700B one gets passed): $1,015 Billion

Source.

That's not the actual cost. The US Treasury is going to buy these illiquid assets, hold on to them until the housing market turns around, then sell them back. If they buy low and sell high they could make a lot of money. The cost wont be anywhere near $700B.
post #94 of 169
Really, though, it's not like this administration and this party have made promises like this before, is it?

"The Iraq war will pay for itself!"
"The tax cuts will increase revenue!"

Do you trust them again? Seriously?
post #95 of 169
Quote:
Originally Posted by tonton View Post

Really, though, it's not like this administration and this party have made promises like this before, is it?

"The Iraq war will pay for itself!"
"The tax cuts will increase revenue!"

Do you trust them again? Seriously?

Who said anything about trusting the admin


Look at the the CBO said about it.

Quote:
A watchdog agency says Washington's plan to rescue Wall Street will eventually cost "substantially less" than the often-quoted amount of $700 billion US.

"The administration probably will spend that amount of money buying bad debt from ailing financial institutions," said Peter Orszag, director of the Congressional Budget Office, a federal agency that examines and criticizes various government proposals.

"[But] the government would sell the acquired assets and thus generate income that would offset at least much of the initial cost," he said in testimony Wednesday before the U.S. House of Representatives' budget committee.

So it wont cost nearly $700B and could (fingers crossed) make money.

So if the US makes "windfall profits" from this will it impose a punishing tax on the US Treasury?
post #96 of 169
The US made money on the loan to Chrysler as well as Mexico.
post #97 of 169
Quote:
Originally Posted by Bergermeister View Post

http://www.nydailynews.com/blogs/dc/...eters-rea.html

McCain returned to DC but did not participate in the discussions until the WH meeting.

What a jerk.

I believe he is in full-on panic mode and sees nothing but his "cratered" career ahead of him. What a shame.

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post #98 of 169
Letternman hits out again: "the economy held on long enough"...

http://www.huffingtonpost.com/2008/0..._n_129467.html

Letterman video linked on Huffington site

 

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post #99 of 169
Even Bob Schieffer, who is slotted to host the third debate, said on the Daily show that he thought the suspension was pretty odd. Jon showed several news anchors shaking their heads and then Bob said he could be added to the lis of sound bites.

Faux News, of course, had nothing but praise for Mc's move.


Mc brushed off Letterman, went on CBS news at the same slot, then had dinner, then stayed the night in NYC, then went to Washington at about the time a possible del had been reached and then... well, everything is now a mess.


There is a great collage of recent McCain quotes about the economy... enjoy.

http://www.thedailyshow.com/

(September 25th episode)

 

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post #100 of 169
Quote:
Originally Posted by FloorJack View Post

Who said anything about trusting the admin

Look at the the CBO said about it.

So it wont cost nearly $700B and could (fingers crossed) make money.

So if the US makes "windfall profits" from this will it impose a punishing tax on the US Treasury?

Good point, but that's not what Orszag says in this article.

Quote:
The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis.

During testimony before the House Budget Committee, Peter R. Orszag -- Congress's top bookkeeper -- said the bailout could expose the way companies are stowing toxic assets on their books, leading to greater problems.

"Ironically, the intervention could even trigger additional failures of large institutions, because some institutions may be carrying troubled assets on their books at inflated values," Orszag said in his testimony. "Establishing clearer prices might reveal those institutions to be insolvent."

Such companies "look solvent today only because it's kind of hidden," Orszag said. "They actually are insolvent" already, he said.

In yesterday's interview, Orszag said, "The key question is: What are we buying and what are we paying for it?"

My fingers are definitely crossed. Is it too early to start using the 'R-word'? (No, I don't mean Republican)
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post #101 of 169
Quote:
Originally Posted by FloorJack View Post

What happened was that the media, in tank for The Big O, tried to embarrass McCain by announcing a deal before McCain arrived in DC. But The Deal was all a media fabrication.

I so fucking sick of this meme "media in the tank for Obama", fuck this. Maybe the reason the media can accept the fact that he hasn't acted like and old befuddled moron or has a bimbo choice for vice president. But wait, we wouldn't have known this unless the media invited them onto their television shows and they continue to ACT that way. McCain and Palin are toxic when exposed to the media. They are shown as what they really are.

So shut up. Please.

On a side note, Obama did look like an ass at that "meeting". I don't think he really wanted to go because he knew two things, it would only cater to McCain's need for a photo op and that the meeting was bogus. Yeah, being "in the tank" does have it's disadvantages.

UPDATE: I was wrong...

CNN: Obama Tried to Rescue Meeting, McCain Was Silent

Quote:
Fourty years of republican misrule has brought us to this. Financial ruin at every level. But CNN reported on what happened inside the meeting at the White House today. Its failure seems to have caused the failure of this deal, and this meeting would not have occured if McCain hadn't demanded it. He took another huge gamble, and lost.

After the cameras left, Boehner started ranting about the right wing "plan" (deregulation, capital gains tax cuts, and an insurance plan that Paulson said won't work). Bush was silent, and McCain said nothing. It seems as though Obama was the only one who tried to lead the meeting to some productive conclusion. CNN said that Obama first tried to reason with Boehner, and ask him to detail what his plan was. After he did this, Obama calmly asked Paulson if it would work, and Paulson said that it definately would not work (which was why house republicans didn't ask him about this at the meeting yesterday). Obama continued with his attempts to salvage the mess that McCain created and refused to correct, but was unable. Again we see how much we need Obama and his leadership, and how disastrous McCain would be.

See? Never piss off the media while running for President.

New York Times Link if Kos makes you wretch.
post #102 of 169
Reid and Dodd were just live... God they are pissed.


---

THE DEBATE IS NOW ON.

Unless McCain decides to suspend it...

 

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post #103 of 169
The debate may be on. But Obama should think twice about showing up knowing that McCain already won it.



http://www.washingtonpost.com/wp-srv...Friday_WSJ.JPG
post #104 of 169
Slate predicts McCain's next 10 stunts:


Quote:
Originally Posted by A Certified Genius

1. Returns to Vietnam and jails himself.
2. Offers the post of "vice vice president" to Warren Buffett.
3. Challenges Obama to suspend campaign so they both can go and personally drill for oil offshore.
4. Learns to use computer.
5. Does bombing run over Taliban-controlled tribal areas of Pakistan.
6. Offers to forgo salary, sell one house.
7. Sex-change operation.
8. Suspends campaign until Nov. 4, offers to start being president right now.
9. Sells Alaska to Russia for $700 billion.
10. Pledges to serve only one term. OK, half a term.
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post #105 of 169
I'm having trouble imagining how this campaign year can get any more ridiculous... but I'm pretty sure it will.

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post #106 of 169
Quote:
Originally Posted by SpamSandwich View Post

I'm having trouble imagining how this campaign year can get any more ridiculous... but I'm pretty sure it will.

That's more a failure of imagination than a recognition of the actual limits of political ridiculousness.
post #107 of 169
Quote:
Originally Posted by Gilsch View Post

The debate may be on. But Obama should think twice about showing up knowing that McCain already won it.



http://www.washingtonpost.com/wp-srv...Friday_WSJ.JPG

And proof...
post #108 of 169
Quote:
Originally Posted by Bergermeister View Post

Reid and Dodd were just live... God they are pissed.

Pissed? Oh dear. Not that! We sure don't want Harry Reid and Chris Dodd to be pissed. That won't do. Who cares? Why are they pissed? Are they pissed because a politician (which they aren't of course) came in and politicized a political event? Are they pissed because someone came in disrupted the Great Plundering(TM)? I mean no one seriously thinks this about saving the nation do they? Really?
post #109 of 169
McCain blew it.

Everybody has to pick up the pieces.

 

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post #110 of 169
Quote:
Originally Posted by Bergermeister View Post

McCain blew it.

Everybody has to pick up the pieces.

Blew what? Pick up what pieces? Did he derail the bailout?
post #111 of 169
It is painfully obvious.

---

And my ignore list gains another.

 

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post #112 of 169
Quote:
Originally Posted by sslarson View Post

Blew what? Pick up what pieces? Did he derail the bailout?

No, he derailed his campaign, completely. But keep trying to prop it up. Good luck with that.

post #113 of 169
Quote:
Originally Posted by @_@ Artman View Post

No, he derailed his campaign, completely. But keep trying to prop it up. Good luck with that.

Yeah, I don't give a shit about his campaign. I have no desire to prop up his campaign at all.
post #114 of 169
Quote:
Originally Posted by Bergermeister View Post

It is painfully obvious.

No it's not. What pieces does everyone else have to pick up? Is this the bailout? Because if he really did derail it (nope) then I might actually vote for him for that alone. Someone needs to derail this freight train.
post #115 of 169
Quote:
Originally Posted by sslarson View Post

Yeah, I don't give a shit about his campaign. I have no desire to prop up his campaign at all.

Pointing at you and
post #116 of 169
The McCain Plan: "Fewer Regulations, More Corporate Tax Breaks"

Yeah, that's derailing alright. [not sarcasm]
post #117 of 169
Quote:
Originally Posted by @_@ Artman View Post

The McCain Plan: "Fewer Regulations, More Corporate Tax Breaks"

Yeah, that's derailing alright. [not sarcasm]

Ohhhh...you think this all happened because of deregulation?
post #118 of 169
Quote:
Originally Posted by sslarson View Post

Ohhhh...you think this all happened because of deregulation?

Pointing at you and
post #119 of 169
Quote:
Originally Posted by sslarson View Post

Ohhhh...you think this all happened because of deregulation?

Sigh...

Following the Great Depression, congress placed regulations on the banking industry specifically intended to prevent a repeat.

For 70 years, the financial markets worked pretty well. There were cyclic expansions and recessions, a period of hyperinflation in the 1970s, and some bank collapses, but nothing of the magnitude of the Great Depression.

In 1999, Phil Graham -- McCain's economic adviser -- authored a law that repealed those Depression-Era regulations. That act passed with a veto-proof majority.

Nine years after that repeal, in an administration that has done very little to enforce regulation, the banking industry collapsed.

If you want to insist that radical deregulation is the answer, provide an example of a successful national or regional economy that works that way.
post #120 of 169
Quote:
Originally Posted by @_@ Artman View Post

Sigh...

Back at ya.

The misunderstandings and misconceptions about the Great Depression, the New Deal and related circumstances surrounding these events and responses to them (including the present one) are so deep and pervasive I wouldn't even know where to begin.

Blaming this whole thing on deregulation is just as naive, short-sighted and foolish as saying the health care system is fucked up because it is a "free market".
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