McCain for President

Too late for that now.

…but in hindsight, if one considers our economic woes the current regime’s “9/11”, clearly America chose poorly.

While Obama is caving in…

Stopping just short of a take-it-or-leave-it stand, Obama has mocked the notion that a stimulus bill shouldn’t include huge spending. He’s also defended earmarks as inevitable in such a package. And he’s pointedly reminded Republicans about who won the November election.

…John McCain is on point:

“The whole point, Mr. President, is to enact tax cuts and spending measures that truly stimulate the economy,” McCain said. “There are billions and tens of billions of dollars in this bill which will have no effect within three, four, five or more years, or ever. Or ever.”

While Obama is turning up the rhetorical amplitude, favoring expedition over the more contemplative approach that came and then went on the hill, and preying on American fears with his “National Catastrophe” rhetoric, cooler heads like John McCain are leading a growing opposition to the liberal crooks and liars that have dominated Congress for a handful of years now. Falling poll numbers for their Pork Pie stimuless package initiative (once Americans had a gander under the hood) are favoring restraint.

Congress and the Bush Administration got it wrong with the TARP monies and the Big Three bailouts. History will show neither were necessary nor effective. Both were costly and damaging to our reputation and currency. Both scenarios would have played out very differently given a more iterative approach to their design, and even moreso under the auspices of a Republican majority; but they squandered their chances for a fiscal overhaul under the Gingrich regime.

But hindsight as it were, doesn’t appear to be 20/20 for “That One.”

“They did not choose more of the same in November,” Obama said Friday. “They did not send us to Washington to get stuck in partisan posturing, to try to score political points. They did not send us here to turn back to the same tried and failed approaches that were rejected because we saw the results. They sent us here to make change with the expectation that we would act.”

How ironic is that statement? Three weeks in, and Obammy is calling earmarks “inevitable”, unprecedented government spending “stimulus,” lamenting political posturing while repeatedly reminding “who won in November,” and at the same time decrying the “tried and failed approaches that were rejected because we saw the results?”

How did the Bush stimulus work for us? TARP is a failure. GM and Chrysler will ultimately file Chapter 11.

Where’s our Change© Mr. Jimmy? A few weeks in office and you’ve already succumbed to politics as usual when what we need is a man with a spine.

Someone like John McCain.

51 thoughts on “McCain for President

  1. Had an unplanned chat with a liberal last night and I gave him my “take” on the whole mess we’re in. I pulled no punches. We’re at the point in time where nice debates solve nothing. What I told him about Fannie/Freddie was news to him. He was completely unaware they started the snowball. His retort was “well, Bush was just paying off his friends in big business.” Finally had to tell him he needs to get his facts straight before he starts opening his mouth and spouting nonsense. It’s not the kind of civil discourse one ought to have with casual acquaintances but we’ve moved beyond civility. I give him my UL endorsement – uninformed liberal.

  2. I’m on the Zogby polling list, and got an intresting one last night. Most of the questions, that weren’t demographic, were on the porking bill. Lot’s of questions like did you know and do you approve lots of money to acorn, and “green” projects that will not make money. Also, money to those who pay no taxes, and it even included a question on the bill giving illegal’s $500!?!

  3. “”What I told him about Fannie/Freddie was news to him. He was completely unaware they started the snowball. “”

    So you fed him the deceptive and inaccurate Right Wing talking points and he bought it.

    “”inally had to tell him he needs to get his facts straight before he starts opening his mouth and spouting nonsense. “”

    Maybe you need to take your own advice!

    “”uninformed liberal. “”

    Where uniformed is those who don;t believe what you want them to believe.

    No wonder you guys lost!

    Flashj

  4. ght Wing talking points

    If everything you disagree with is “Right wing talking points”, then nothing is right wing talking points.

    Really, Flash – find a new rhetorical crutch or (here’s a thought) substantiate the whole “talking point” slur.

  5. … rhetoric, cooler heads like John McCain are leading a growing opposition to the liberal crooks and liars that have dominated Congress for a handful of years now.

    You know, if McCain had been a bit cooler during the original panic he might have looked more electable: campaign on, campaign off is not a training exercise Mr. Myagi would approve of, nor did it go over well with most of the the public. During that time Obama looked like the cooler head.

    Of course now we have Obama doing exactly what he SHOULDN’T be doing if he really wanted to lead the American people. He’s being alarmist and negative and pushing the economy deeper down. It’s almost as if he values his partisan ideology more than the welfare of the country…

  6. Flush, you provide nothing but liberal talking point smegma. Try again but without the empty rhetoric.

    How can you say we would be in the same situation if Fannie/Freddie hadn’t been riddled with bad loans?

    How can you support Frank & Dodd to continue to run the show after they caused the collapse?

    Any opinion on Obama’s plan to repeat the failed policy of Smoot-Hawley?

    At this rate Obama will make Carter look like a great President.

  7. Flash is not the resident Rhodes Scholar is he? I’m kind of new to this blog and learning the players. He’s a caricature of himself, isn’t he? Don’t engage in facts, attack the character. I remember these sort of fights in the sandbox.

  8. SO, when a Rightie simply makes stuff up, that’s ok, when he is called on it, then attack the messenger, whereby no one has even attempt to defend the nonsense with actual facts.

    “”If everything you disagree with is “Right wing talking points”, “”

    Nope, only when they are already debunked statements that keep reappearing as attempts at factual evidence.

    Here, lets be really simple, for the most part, Freddie and Fanny bought up loans banks made already. If the banks were making awful loans, why aren’t the bank the one being held responsible instead of and entity only in place to create liquidity to fuel the money market.

    So rather than defend the use of nonsense, disguised as copy past boilerplate talking points, why not actually use the facts you hold on to yet refuse to present. Answer, cause the facts to support your claims.

    Next thing you know you’ll be blaming Jimmy Carter . . oh wait, you’ve tried to do that already until that was totally debunked but continue to repeat that fallacy.

    Glad to see K-Rod found a new home. You’ll enjoy his company HAhahahahaha

  9. “already debunked statements”
    Claiming that it is debunked does not make it so. Put up or shut up.

    Who pushed Freddie/Fannie to buy up those loans?
    How can the liberals ignore Frank and Dodd? Please, flush, pull your head out.

    New home? Nope, been living in the same house since the ’90s.
    BTW, I’ve been following the Anti-Strib for years.

    Flush, remember the last time I virtually kicked your ass and there was nothing you could do about it. 8)

  10. Rodby, all you did was embarrass yourself. But you believe what you want, Righties never let facts get in the way of what they want to believe.

  11. I will try and resist commenting further on this after, as usual, posting a clear and convincing debunking, because there aren’t many here who really care about what happened and how to fix it, they just want to make sure that the Left takes all the blame for everything, and the Right claims all the credit for the good.

    Fight amongst yourselves . . . .

    On Freddie and Fannie being the culprits . . .
    ==
    Federal housing data reveal that the charges aren’t true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.

    Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.

    Federal Reserve Board data show that:

    * More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.

    * Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.

    * Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.

    The “turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007,” the President’s Working Group on Financial Markets reported Friday.
    ==

  12. flash said:

    “already debunked statements”

    What K-Rod said. Show us the ‘debunk’. Is this it?

    “Freddie and Fanny bought up loans banks made already. If the banks were making awful loans, why aren’t the bank the one being held responsible”

    1) Who told banks to make these “awful loans”?
    2) If banks know these loans have a willing guarantor, why should they not make these loans after being instructed to do so by [Answer To #1]?

    I get the feeling, flash, that you know the word “debunk” like penigma knows “neocon”. :-/

  13. Flash: The obtuseness of your statements amplifies my observations that liberals see all arguments as a snapshot in time. They see the cause. They see the effect, but their underutilized brains won’t allow them to connect the two.

    Fact: The federal government guaranteed the bad loans. These loan officers at the private banks were told the they A) had to make the loans or they would be prosecuted for “redlining,” and B) they would collect their commissions regardless, because the government would bundle them up and take them off their hands – toxic or not.

    The incentive was to write bad loans. When you reward someone for bad behavior, guess what you get, Flush? Barney Frank and Chris Dodd didn’t care that they were opening the floodgates of recession. It served their greater purpose of appearing as class warriors in the battle against evil capitalism. A recession suits their larger goals. A recession forces more and more Americans onto the teat of government dependency – and it allows stupid, counterproductive ideas like the Porkulus Bill to gain traction with the sycophants in the press and the robots who still subscribe to them.

  14. President Clinton even admitted the actions of some Democrats in Congress caused this crisis. Yet the Democrats and libs like Flush want Frank and Dodd to continue running the show. Change? Nope, same old Washington D.C. politics as usual. Bend over, its gonna be a bumpy ride.

    Any opinion on Obama’s plan to repeat the failed policy of Smoot-Hawley?

  15. Eat your hearts out, wingnuts. We have a decent president in office now your only role is to carp and whine.

    Why do you hate America?

  16. So, Angry Clown, do you have a cron job that just pastes the same comment on SITD threads or do you take the time to actually type out the same comment over and over?

  17. We have a decent president in office now….

    HAHAHAHAHAHAHAHAHA!!!! Stop, you’re killin’ me!

    A petulant little whiner (not to mention an empty suit) is your definition of a decent president??!! Of course, you were the same guy who was singing the praises of Caroline Kennedy being the next Senator of New York. You really set the bar low for your politicians.

  18. Shoulda, coulda, woulda…

    If Captain Maverick is so damned economically brilliant all the sudden, why did he give us TARP, name an Obama supporter as a great economic advisor, & make that stupid statement about Greenspan’s book?

    The election was lost back in February.

  19. Why do you hate America?

    Because, according to The One, we’re unpatriotic. Y’know – that thing that nobody ever called you snivelling liberals.

    Flash,

    What, did you learn debating from Grace Kelly? Simply repeating “I’m right” over and over doesn’t make it so. And responding to this with “like you always do” doesn’t make that so, either.

    Bring facts, or keep it over on the leftyblogs. We learned debate on Firing Line, not PeeWee’s Playhouse

  20. Typical lefties accusing the right wingers of doing just what the left is actually guilty of.
    Another thing I find useful, is if a leftie says “X” is NOT the solution, you can bet that it IS. (Like building more prisons)

    Repeating the same old lie over and over again only works with lefties. Gee, maybe we should actually do what we are being accused of, but does it HAVE to be a lie? Can’t we repeat the verifiable truth and eventually get through a few thick skulls?

    The Porkulus bill seems to be a bunch of the things the lefties have wanted for 30 years. So, I figure they think they have a chance to sneak this past because of the first 100 days and the fact that they have an unprecedented amount of power right now.
    that reminds me of the double standard when it comes to this. Gee, what would they say with a McCain presidency with as much support from congress and the media. Oh yeah, the (propaganda mongering) media. Not a chance!

    BradC: AC is TRYING to kill us, so don’t laugh. Monty Python proved humour can be LETHAL!

    I for one are not surprised at all by the new president. He is acting just like any other DIMN-O-CRAT would in his place.
    At least the lefties are consistently uninformed (only their propaganda is “true”), non-thinking (feel only) and “right” (because
    they want sooooo much. For what I cannot say.)

    I have my camping equipment, my bible and my guns. I think once the defecation hits the rotational air-moving device, I’ll head for the hills, clutching my bible and being afraid, very afraid. (Only kidding about that part…;)

  21. “Bring facts,”

    So did you actually read the comments, ‘mitch’, or did you, as I suspect, go to your handy dandy ScaifeNet rebuttal crib sheet and randomly do a copy past. Cause your comment, doesn’t match what I posted.

    The only facts that exist in this thread are the ones I posted, everything else from your side has been put downs, name calling and slight of hand.

    I’m not a fan of this bill, I’ve made that pretty clear for those that are paying attention. But on one had you have the Right still pointing fingers and playing the blame game, and the left actually rolling up their sleeves and trying to do something. Fault them for what they are doing, which you all are very good at, but maybe look in the mirror and determine whether your efforts are better served by being part of the solution, not part of the problem.

    Flash

  22. Reading material for Flash:

    http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&scp=1&sq=september%201999%20fannie%20mae&st=cse

    “Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.”

    Other possible explanation: the notoriously right wing NYT traveled forward in time to get the GOP’s post collapse “talking points” to publish in a story about the very roots of the crisis in 1999.

  23. Reposing for Foot since his limited short term memory may not have allowed him to fully acknowledge this by the time he got to the end of the comment thread:

    ==
    On Freddie and Fannie being the culprits . . .
    ==
    Federal housing data reveal that the charges aren’t true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.

    Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.

    Federal Reserve Board data show that:

    * More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.

    * Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.

    * Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.

    The “turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007,” the President’s Working Group on Financial Markets reported Friday.
    ==
    ==

    I say there is plenty of blame to go around on all sides, the Right is too busy defended every breach in their way rather then using that same energy to be part of the solution.

  24. Any used car lot in the country could have phenomenal growth if they simply filed credit apps in a drawer without actually vaidating troublesome things like employment, claims of income, references or credit history. The short-term rise in sales would, indeed, be “phenomenal.” The problem would be the collection percentages.

    Used car salesmen have more sense than the feds when it come to credit practices.

  25. Flash-

    The problem was not limited to loan origination. Who do you think was buying up those loans in the secondary market? Once the private firms realized that the guv was willing to take on the risk for them they were more than happy to shovel crappy loans out.

    I don’t think you can blame any one group for this mess. The mortgage lenders, the banks who repackaged loans to disguise risk, the financial firms who thought they could minimize risk by credit default swaps, the Fed for being too loose for too long with money, consumers who bought houses they couldn’t afford, and Fannie and Freddie and the Congressional leaders who pushed them all were part of the problem. But when you really drill down into the root causes it’s hard to mimimize the damage done by government lending & monetary actions.

  26. Even President Clinton said it was the fault of the Democrats in Congress, yet the looney left, aka flush, still think Frank and Dodd should run the show. Yikes, some people just don’t learn.

    I assume flush, the assclown, and the other moonbats support Obama’s plan to repeat the failed policy of Smoot-Hawley.

    What we’ve got here is… failure… due to government… Some people you just can’t reach. So you get what we have here… another bubble burst… which is the way he wants it… well, he gets it. I don’t like it any more than you.

  27. Terry queried: “So, Angry Clown, do you have a cron job that just pastes the same comment on SITD threads or do you take the time to actually type out the same comment over and over?”

    It’s called “staying on message,” Terry. The most important thing to realize about you extreme wingnut types, from wire to wire during the Obama presidency, is this: if the president is in favor, you’re opposed. It’s called sour grapes. And you’d much rather see the country fail than be confronted with the possibility you’re wrong.

  28. Sure, Clown… you’re always on message. It’s usually unrelated to the topic at hand, but I’ll grant you that you’re on message.
    😉

  29. “It’s called “staying on message,” Terry.”

    It’s also called being ludicrous. All your guy has done since he’s been in office is spend great big gobs of money and attempt to hire tax cheats. You are reduced to saying, over and over, “he won”.
    I think you need to get over it.

  30. Only history can judge whether Bush’s administration was a success. Meanwhile, 20 days in office proves that Obama’s a failure. You wingnuts don’t expect any normal people to take you seriously about anything at this point, do you?

    Now that you’re back on the margins where you belong, all that’s left for the rest of us to do is point and laugh at you.

  31. Ya’ know, as I happen to actually work with most of the banks you might know, and work with their leadership, let me be unequivocal for you..

    FANNIE MAE AND FREDDIE MAC DID NOT CAUSE THIS PROBLEM.

    Ok?

    Sure, they bought up bad assets, and sure, they resisted oversight with Barnie Frank’s and many Republicans assistance, but the genesis of this problem is/was and will be corporate myopia. When good investments were too few and hard to find in the early 2000’s to absorb the influx of cash from Bush’s cuts, that money needed a home. Bankers who get paid for making deals, pushed bad credit customers forward, and places like Lehman and Bear Stearns pushed derivatives and credit default swaps – and voila’ – recipe for destruction as soon as housing prices stopped escalating.

    The culprit was our own greed. It appears that you all have a ridiculous need to blame government, but the only way government was to blame was that it DID what corporate america wanted, and turned a blind-eye to derivatives. Alan Greenspan has subsequently described them as weapons of mass financial destruction, and has accepted his advice on oversight of them (meaning lax) was wrong – Phil Grams was more about getting such lax standards than anyone else. Fannie and Freddie were downstream recipients of the problem, not the cause. NO ONE wortha piss is a poke says anything else – not conservatives i know in the industry, not anyone I know of – if you know someone who does – great, but they’re dead wrong.

  32. IF FANNIE MAE AND FREDDIE MAC DID NOT BUY UP BAD ASSETS THEY WOULD NOT BE THE PROBLEM.

    Your support for Frank and Dodd is appaling.

    Your support for Obama’s plans to repeat the failed policy of Smoot-Hawley, is appaling.

  33. AC, Obama’s administration isn’t a failure, yet.
    You can’t think of anything positive that he’s done, even for your side, so instead of showing up here and crowing that he’s closed Guantanamo — he hasn’t — or gotten us out of Iraq — he hasn’t — or ended extraordinary rendition — he hasn’t — or has a plan for fixing the economy — the DJIA says he hasn’t — you just say over an over again that he won the election last November.
    You’ve become tiresome.

  34. Miss Peev:
    “as I happen to actually work with most of the banks you might know, and work with their leadership, let me be unequivocal for you..

    FANNIE MAE AND FREDDIE MAC DID NOT CAUSE THIS PROBLEM.”

    So, Peev finally comes out to cover for her masters like a good girl.

  35. Peev, you triffling jackass… you might as well say that human nature is the problem.

    What won’t you do or say to spin for the left’s players in this case?

    Now, if you wish to turn my “fingers” back at me, I’d appreciate you to quote me where I’ve done any scapegoating for folks on my side of the aisle.

    Until that time, swivel on it.

  36. Peev, if Fannie and Freddie hadn’t bought the assets, who would have? The government made an implicit guarantee of Freddie and Fannie so they had to rescue them. If those bad assets weren’t backed by the government do you think they would have done so well? Maybe, but I doubt it, and the entities that did the use them would have gone under as in the normal course of business rather than taking the whole financial system with them.

  37. Terry, you great, deranged, volcano-dwelling jackass. One needs a frame of more than three weeks to judge a president (you hate that, dontcha – President Barack Hussein Obama. Salaam alaykum, my brother). The first 20 days have been spent trying to engineer and pass the biggest set of government stimulus legislation in history. Let’s allow that to play out just a little (say five, six weeks into the presidency?) before you continue conversing out your buttocks.

    In the meantime, Angryclown will take every opportunity to crow about the historic inauguration of a black president. And mock you silly sour-grape wingnuts.

  38. angryclown, you may be my favorite “Projector Of Racism”, but that doesn’t make you any less a scumbag for being a “Projector Of Racism”. Good people regard racism as a real problem, not a tool to be used against political opponents. :-/

  39. AC,
    Just because you’ve been foaming, barking, loop-dee-loo mad for the past eight years, does not translate to those of us in the Loyal Opposition being enraged over President B. Hussein Obama.

    (Sorry, you might need to look up “Loyal Opposition”.)

  40. You got the ‘great’ part right anyhow, AC.
    It is no crime to criticize the fool in the White House, at least not yet. Obama is following the arc I thought he would. He’s turning over his domestic policy to Pelosi & Reid. Next he’ll start focusing on foreign policy because he can move there without as much congressional oversight.
    Jimmy Carter part two.

  41. Obama can trip over his dick every day from now until Inauguration Day 2013 and he’ll be less of an embarrassment to this country than his predecessor. Nice to have a president who can say, you know, words and stuff, dontcha think?

    No, of course you don’t. You’re all bone-ignorant grapenuts.

  42. “Well I ahh have to take…. ummm long pauses errraaahh from time to time. Especially when ahhhh the staff …….. errrah turns off the ahhh teleprompter. Ahhhhh, But I ahhhh do thank Mr. errrr AC for his ahhhhhh suprrt ah SUPPORT!”

    -BHObama

  43. You all are missing the real culprit. McCain was right – fire Chris Cox.

    The crisis was precipitated by a change in enforcement of accounting rules called mark-to-market (it had long been the rule but hadn’t been enforced in the sub-prime pools until last Spring).

    .

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