Friday, September 26, 2008

Showing integrity: Oh McCain, you've done it again!

So John McCain is to suspend campaign to help stitch a deal to save Wall Street and the US Economy.
The Republicans have tried many times to sort out Wall Street, but the Democrat-controlled Congress has kept thwarting them.
Having read the Libertarian arguments against such a trillion dollar bail-out, I am in two minds about the deal , but it is the intent that interests me.
It is good to see a presidential candidate putting the country before politics, while Obama seems more interested in campaigning and point scoring.
Once more, like when a hurricane threatened and disrupted the Republican Congress, McCain shows is the the president for all Americans, rather than a selfish self-proclaimed and arrogant Messiah.
McCain wants to work with all, including Democrats, to do the best for his country, a true patriot, while Obama just shows what a jumped up community organiser from the Chicago political machine that he is, one who took money from Fannie and Freddie.


Ackers said...

I'd like to be on the drugs you're on FFM. Are you so completely off the planet you believe this?

First John McCain picks one of the least qualified people in American political history as his VP running mate, now this.

He wants to cancel the debate? And maybe also Palin's debate. Are you kidding? Why not cancel the election too?

And because he has to go back to DC to solve the financial crisis? Really? The topic he knows nothing about and after he's shown up less in the senate in the last two years than anyone but Tim Johnson, the guy who had the stroke?

It’s not looking like solid decision making by a supposedly serious Presidential candidate and what’s worse is that he now wants to postpone the debates of the VP candidates into the hazy future.

Why? Because it’s becoming increasingly obvious that his handpicked running mate just isn’t up to handling the pressures and rigors of a campaign.

Today’s events call into question his decision making capabilities. John McCain is looking like a befuddled old man, unable to start a task and finish it; attempting to short circuit the hard work required of an issue or event with a stunt that garners nothing but short term political mileage.

Ackers said...

I take it you watched Palin's interview with Katie Couric. Nasty people these journalists. You can see why McCain is desparate to shield Palin from facing the press.

It's not hard to work out why this woman should NOT be a heartbeat away from the Presidency.

I know there are some on this blog who think 'hell yeh, what's not to like' but I for one hope people like that aren't ever making decisions that affect me.

Obsidian Wings nails the problem.

""COURIC: Would you support a moratorium on foreclosures to help average Americans keep their homes?

PALIN: That's something that John McCain and I have both been discussing whether that is part of the solution or not ... you know, it's going to be a multifaceted solution that has to be found here.

COURIC: So you haven't decided whether you'll support it or not?

PALIN: I have not.

COURIC: What are the pros and cons of it, do you think?

[Translation: OK, you don't want to commit. But do you have the slightest idea what the salient considerations are?]

"PALIN: Well, some decisions that have been made poorly should not be rewarded, of course.
COURIC: By consumers, you're saying?

PALIN: Consumers and those who were predator lenders also. That's, you know, that has to be considered also. But again, it's got to be a comprehensive long-term solution found for this problem that America is facing today. As I say, we are getting into crisis mode here."

[Translation: Not a clue. But whatever the solution is, it ought to be comprehensive and long-term. Such a relief to know she doesn't actually favor temporary solutions that do not address the entire problem. Had she had more time, no doubt she would have come out for solutions that are judicious, well-designed, effective and (of course) bipartisan. And I'll bet she doesn't think people should play politics with this issue either. Call me psychic.]

Sarah Palin has been described as a quick study. But she has been surrounded by briefers for nearly three weeks, and she's still completely unable to string together an intelligent thought on the mortgage crisis. Would a moratorium on foreclosures keep people in their homes, or would it make banks even less likely to make mortgage loans, while driving them closer to insolvency? Is this sort of heavy-handed government interference in the market a desperate measure called for by desperate times, or is it more like Robert Mugabe's efforts to stop inflation by banning price increases? (I probably shouldn't wonder whether Sarah Palin knows who Mugabe is...) It would be nice if the running mate of one of the oldest candidates for President ever had some ideas about these issues. Since she's been prepping constantly, it's pretty alarming that she doesn't."

Ackers said...

James Fallows also has some salient points to make.

- The senator with (understandably) one of the lowest actual-attendance rates at the Capitol in the last two years, and who has played little role in crafting legislation recently, suddenly needs to be nowhere but Washington -- exactly now?

- The candidate whose strongest claim to office is his experience, mastery, and understanding of foreign policy, cannot handle a debate on that topic, against a rookie, when he has other things on his mind?

- The candidate who wants to quash any suspicion that he is not quick enough, not vigorous enough, or not multi-tasking enough to handle a job that poses a new challenge every minute, is essentially asking for everyone to take things a little slower so he can concentrate?

- The candidate whose first response to the financial crisis was to propose firing the head of the Securities and Exchange Commission, and whose second response was to run ads linking his opponent (hazily) to former Fannie Mae officials (before news came out that his own campaign manager was still on the Freddie Mac payroll), now wants us to believe that statesmanship and love of country govern his every move on this issue?

- The most famously stoic candidate of recent times is willing to have it look as if he's running away from a confrontation while he's behind.

JC said...

Well Ackers,

The one thing we can say with absolute surety is that McCain and Palin have got inside your Ooda Loop. Barack's too.


DenMT said...

Egregious from McCain. It doesn't take particularly sensitive nostrils to smell the raw panic emanating from the McCain camp when it comes to letting him anywhere near commentary or debate on the financial crisis. So rather than let him dig his own (vaguly premature) grave, they are attempting to shield him from any more foot-in-mouth episodes, and doing so in such a way that attempts to paint Obama as a poor sport if he continues to campaign (read: continues to demonstrate his superior handle on issues financial).

Regardless of how mean-spirited you righties think I'm being, can a single one of you claim with a straight face that McCain is close to even with Obama when it comes to understanding of the current financial crisis? And formulating effective policy to navigate through it? And that 'ceasing campaigning' is an appropriate response? Honestly?


Anonymous said...

can a single one of you claim with a straight face that McCain is close to even with Obama when it comes to understanding of the current financial crisis?

But of course. McCain has lost far more than Osama in the current mess (a mess caused by laws passed by Clinton, and then exacerbated by corrupt democrats in Fannie Mae and Freddie Mac, mostly). John & Cindy are far more involved in the economy than a Marxist ex-Weatherman like Obama could ever be.

McCain knows many of the leaders of the companies involved, personally, and has for several years. Finally, McCain is responding to democratic calls for him, in particular, to come to Washington to fix this crisis.

KG said...

Obama's total financial experience seems to be recycling millions of taxpayer dollars through his Weatherman terrorist friend in a project to bring Marxist "education" to Chicago area schools.
Yup, he's qualified all right.

Good to see a reference to the OODA loop, JC among all the messiah-worship here. :-)

Anonymous said...

Tom Hunter says
The topic he knows nothing about
can a single one of you claim with a straight face that McCain is close to even with Obama when it comes to understanding of the current financial crisis

Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, the Securities and Exchange Commission's chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie's position on the relevant accounting issue was not even "on the page" of allowable interpretations.

Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie
"continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road," he said. "We are placing the total financial system of the future at a substantial risk."

Then legislative momentum emerged for an attempt to create a "world-class regulator" that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.

What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.

But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter. We now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.

What should not thrown down the memory hole is that one of the three cosponsors of S.190, the bill that would have averted this mess, was one Senator John McCain. Sounds like he knew enough then, unlike your hero

Anonymous said...

Tom Hunter says
First John McCain picks one of the least qualified people in American political history as his VP running mate

Unlike the deep thinking, high-IQ, 3-decades-of-experience guy Obama picked as his VP.

Here he is expounding his wisdom on the topic at hand - courtesy of Couric interview no less:

When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed,..."


So now the Dems have two Dan Quayle's on the hustings. Fabulous! I can really see the rationale that Palin is afraid to debate this guy.

Ackers said...

I rest my case Tom Hunter.

Beyond parody. I doubt Biden's gaffes are having an impact at all.

Clunking Fist said...

"PALIN: Well, some decisions that have been made poorly should not be rewarded, of course."

Doya think she might be refering to, you know, "moral hazard" without using that jargon? Doya?
You do know what that means, eh?

It's like rich prick parents who keep bailing out their offpring: if there's no consequence, they'll do it again.

And before you forget, most of the default mortgages won't hurt the borrower: once you foreclose, the debt is wiped. So if you had no income, no job and no assets prior (ninja), then you won't be too bothered by foreclosure.

Anonymous said...

Tom Hunter
Beyond parody. I doubt Biden's gaffes are having an impact at all

Irony is not something you really "get" is it Ackers?

The point of that quote was not to get into a discussion about whether Biden's gaffes (and that one is less a gaffe than a monumental demonstration of bone deep ignorance) are having an impact. Given the microscopic crowds he's drawing, as he crosses America in his GHG special, I doubt he's having an effect either way.

The point was to show that your side is in no position whatsoever to claim or imply stupidity, ignorance and inexperience about Palin, because her opponent is even worse.

The fact that the quote also showed up your typical, standard leftist crowing about such matters as simple-minded, bigoted, stupidity at exactly the same time you tried to sound knowledgeable and sophisticated, was merely a bonus.