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Old 09-22-2008, 06:11 PM   #11
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Default Re: Big White Elephant in the room...

Obama 2008
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Old 09-22-2008, 06:28 PM   #12
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Default Re: Big White Elephant in the room...

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Originally Posted by BIGBENFASTWILLIE View Post
Obama 2008
I was expecting a rant from you on this...

This post caught be by pleasant surprise... had to chuckle.
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Old 09-22-2008, 08:12 PM   #13
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Default Re: Big White Elephant in the room...

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Originally Posted by Dino 5 Rings View Post
Didn't McCain in 2005 try to get legislation passed to regulate Fannie Mae and Mac better because he saw the writing on the wall for the financial crisis 3 years ago?
Yeah...I think he did.

]
lol. no.

that would assume he had the financial background and foresight to see this coming. mccain has been about as anti-regulation as it gets in such matters. (as are most republican multimillionaires protecting their own money and interests.)

his 2005 legislation is a simple case of a blind squirrel finding a nut.

i dont think the simple blame game and the politicing of BOTH sides is a big white elephant. it has been discussed, as has campaign/party strategies to get elected, gaffes, etc.

on this board, when it is discussed, it usually draws heavy fire of "mccain bashing" and funny obama pics, if the point/opinion being stated isnt leaning towards the right.

for me the REAL white elephant (especially on this board) is what has been thrown together by the right as a solution... i.e. mccain/palin, to pull us out of our financial crisis.

granted, democrats have their hands in this recession pie, but the pie was definitely cooked by republicans in their kitchen. deregulation of financial matters has always been one of their platforms, as has been squashing big brother as an overseer.

after all, big brother, is like having a bunch of cops chaparone a graduation party. you simply get away with less. and now their solution is like asking a bunch of prisoners to fortify the prison wall.

and mccains possible solutions are now bringing up questions of his age and lucicity-

continued below...
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Old 09-22-2008, 08:15 PM   #14
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Default Re: Big White Elephant in the room...

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I was expecting a rant from you on this...

This post caught be by pleasant surprise... had to chuckle.
Im glad you enjoyed
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Old 09-22-2008, 08:21 PM   #15
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Default Re: Big White Elephant in the room...

http://www.huffingtonpost.com/2008/0..._n_128055.html

Quote:
For John McCain, the panel discussion on This Week with George Stephanopoulos could not have been more brutal.

Minutes after conservative columnist George Will declared that the Senator was decidedly un-presidential is his unexpected call for the firing of SEC Chairman Chris Cox, Sam Donaldson, the long-time ABC hand, said that McCain's erratic message on the economy again raised questions about his age.

"I suppose the McCain campaign's hope is that when there's a big crisis, people will go for age and experience," said Will. "The question is, who in this crisis looked more presidential, calm and un-flustered? It wasn't John McCain who, as usual, substituting vehemence for coherence, said 'let's fire somebody.' And picked one of the most experienced and conservative people in the administration, Chris Cox, and for no apparent reason... It was un-presidential behavior by a presidential candidate."

Donaldson then jumped in: "It was two days after the he said the fundamentals of the economy were strong. His talking points have gotten all mixed up. And I think the question of age is back on the table."

It should be noted that McCain's call for the firing of Cox was dismissed right off the bat, as the president does not have the authority to axe an SEC chairman. The criticisms that Donaldson raised concerned the fact that McCain started the week by touting the fundamentals of the economy, before pivoting into fits of populist mantra and calling for increased regulation of the markets - position at odds with McCain's traditional economic philosophies.
"When I say age," he explained, "I don't know the difference between finding your talking points and not delivering the right ones, we have seen him do this frequently but this last week was the worst. Between two stops in Florida, as you say, he had to revise his thinking about what he wanted to say about the economy, wanted to feel the pain suddenly than say everything is great."

The whole, painful, episode crested with Will leveling an even harsher blow.

"John McCain showed his personality this week," said the writer and pundit, "and made some of us fearful."
you would think mccain would know the position he covets has no authority to fire the SEC chairman.

but this isnt even the real big white elephant. for that just take a look into mccain and phil gramms bedroom and see them snuggled so closely.

continued below-
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Old 09-22-2008, 08:26 PM   #16
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Default Re: Big White Elephant in the room...

http://jtaplin.wordpress.com/2008/09...ie-mae-crisis/

Quote:
John McCain, Phil Gramm and the Republican establishment are acting as if they had nothing to do with the Housing Crisis that led to today’s takeover of Fannie Mae and Freddie Mac. The down payment by taxpayers to clean up this mess is the $100 Billion the government committed to cover future losses. The media is framing this as a politically neutral event and McCain made the following statement this morning.

“It’s hard, it’s tough, but it’s also the classic example of why we need change in Washington. It’s an example of cronyism, special interest, lobbyists. A quasi-governmental organization, where the executives were making hundreds of — hundred some billion dollars a year, while things were going downhill, going to hell in a handbasket,” Mr. McCain said, adding that the two companies need “more regulation, more oversight, more transparency, more of everything, and frankly, a dramatic reduction in what they do.”

One has to admire the balls of a politician like McCain to make such a statement as if he and his inner circle weren’t the “cronies, special interests and lobbyists” who fought “financial regulation and oversight” tooth and nail for the past ten years. One more Big Lie.

Consider the evidence

1994-At the behest of the banking industry Phil Gramm, with McCain’s support, killed the Fair Credit Reporting Act
In 1994, Mr. Gramm single-handedly killed a bill that would have required credit bureaus to quickly fix errors on a person’s credit report. Mr. Gramm called it a “bad bill” that imposed costs on the credit bureaus.”He was very focused on cost to financial institutions and not very focused on costs suffered by consumers,” said Travis Plunkett, legislative director for the Consumer Federation of America
1999-The Gramm-Leach-Bliley Act, authored by McCain’s principle economic advisor, Phil Gramm is the law that deregulated banking and allowed the explosion of inancial derivatives that led to the current credit crisis. John McCain voted for the bill.
2000-Phil Gramm created the Commodities Future Modernization Act. John McCain voted for the bill
Gramm slipped an Enron-backed provision into the Commodities Futures Modernization Act that exempted from regulation energy trading on electronic platforms.Then, over the next year, Enron – with Gramm’s wife Wendy serving on its board of directors – worked to create false electricity shortages in California, bilking consumers out of an estimated $40 billion.
2004-The SEC voted to require Hedge Funds to simply register with the agency. Gramm and McCain both argued that since hedge fund investors were high net worth individuals, there was no need for such regulation. The SEC order was overturned on a technicality.
In 2002 Gramm left the senate and became Vice Chairman of UBS the Swiss Bank that was a major player in the sub-prime market. Even as the Housing crisis became apparent this year, McCain maintained his anti-regulatory bias. In March at the height of the crisis he made a speech with this rather bizarre assertion.

“In financial institutions, there is no substitute for adequate capital to serve as a buffer against losses. Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting and tax impediments to raising capital.“

McCain now says we need more regulation, but the truth is that he has fought it for 10 years and it’s time for Obama and Biden to call him on that.
the ties with phil gramm are my big white elephant. theres tons of dirt on this guy, just not 6 feet worth.

sorry, i just dont see how the likes of bush, mccain, cheney, gramm, etc. can be trusted to fix this mess.

one party recognizes this. the other denys it.
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Old 09-22-2008, 08:41 PM   #17
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Default Re: Big White Elephant in the room...

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Originally Posted by tony hipchest View Post
http://jtaplin.wordpress.com/2008/09...ie-mae-crisis/

the ties with phil gramm are my big white elephant. theres tons of dirt on this guy, just not 6 feet worth.

sorry, i just dont see how the likes of bush, mccain, cheney, gramm, etc. can be trusted to fix this mess.

one party recognizes this. the other denys it.

You mean the Libertarians, right???
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Old 09-22-2008, 09:13 PM   #18
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Default Re: Big White Elephant in the room...

Tony...

If you think one party has the answer and the other doesn't... your dreaming.

Fact is, both parties take a blind ideological eye to the situation and just make it worse.

My hope isn't that McCain can take care of it because he is a Rep.

My hope is that as someone who has crossed his own party enough times, he will be able to take serious BOTH sides and their models...even some models outside of politics.

Obama speaks the party line, period.

That is why I don't want him in office at this time. It is the wrong time for OJT.

I guess that may make too much sense... I can throw in some non-sequiters and pictures for you to rail against if you want.
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Old 09-22-2008, 09:38 PM   #19
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Default Re: Big White Elephant in the room...

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Originally Posted by Preacher View Post
Tony...

If you think one party has the answer and the other doesn't... your dreaming.

.

pssst....

post #13
Quote:
granted, democrats have their hands in this recession pie,
im looking for the closest answer.


one party's answer is to give the biggest tax cuts to the rich (reverse robbin hood and little john ideology) in hopes that it eventually trickles down to the poor.

the other's is to give the tax breaks to those who need it to pay their own mortgage as big oil, inflating food prices, and a culture of debt are strangling them.

mccain chose a veep who requires OJT. i CANT overlook that when you make such a statement in regards to obama.
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Old 09-22-2008, 10:04 PM   #20
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Default Re: Big White Elephant in the room...

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Originally Posted by tony hipchest View Post
pssst....

post #13

im looking for the closest answer.


one party's answer is to give the biggest tax cuts to the rich (reverse robbin hood and little john ideology) in hopes that it eventually trickles down to the poor.

the other's is to give the tax breaks to those who need it to pay their own mortgage as big oil, inflating food prices, and a culture of debt are strangling them.

mccain chose a veep who requires OJT. i CANT overlook that when you make such a statement in regards to obama.
Psssst. Post 16.

Quote:
one party recognizes this. the other denys it.
So let me get this straight.

You are more worried about a VP's OJT then a PRESIDENTS OJT... when they BOTH have just as much experience... except that the PRESIDENTIAL candidate has no exec. govt. experience??


Tony... I gotta get some of what you're smoking.
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