BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
shit ! its more like breaking news^ the leaders of the US are putting their 700 billion scam into play! and getting it from you the TAXPAYER and your children who haven't even been born yet will have too pay for this SCAM ! don't let them do this its a SCAM! a 700 billion dollar one! OMG shame on you . :wtf:
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
yeah right
days ago when McCain was ahead in polls our fundamentals of economy were "strong"
a day after he falls behind in polls despite all the photo op goin on with palin, he suddenly decides that we are in such a bad situation that campaigns of both candidates must be suspended and the commission on presidential debates should also listen to him as he is the grand daddy of the nation to postpone the debate
even if he is so needed on the capitol hill, I think Obama kinda got him: we both got our planes and its a 1.5 hour debate... total of 5-6 hours round trip from Washington to Missouri and back.
like that 6 hours which happen to fall in late afternoon/night time is going to be utilized any better if even both of these 2 men were going to do this and go to congress for this bailout plan
conclusion: Either there is something really gravely wrong that we are not being told about
OR
this is a pure populist political stunt, diverting attention from bad performance or possibility of doing so in the debate.
does any1 know if anything like this has ever happened in previous elections?!
From this point on, things are really gonna get exciting... I'm waiting to see the upcoming moves or stunts by either candidates, its worth a show:rastasmoke:
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
the grasping at straws and desperate explanations are pouring out on these pages and the television screen from the SoCalled Republicans as THEIR SHIP SINKS...A nice long run-on sentence to help take your minds off the gurgling sounds:thumbsup:
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
Quote:
Originally Posted by daihashi
Though you didn't necessarily say anything bad about McCain you refuse to acknowledge the obvious which cannot be denied. BOTH of these candidates need to put the campaign on hold so that they can do THEIR JOB!
...
No they're not more important but their in the middle of an election. He proposes they put that on hold and get back to congress and DO THEIR JOB!
Do you not understand that they still have an obligation as senators and McCain is asking Obama, as a senator, to go back to washington to do their jobs.
I don't feel there is anything wrong in that, but if you want to paint McCain as a badguy then by all means go for it. It seems that instead of realizing the obvious you would rather misinterpret the intentions of his statement.
Political move or not, he is more or less saying let's go back and do our jobs over this CRITICAL issue.
If you can't see that then I can't explain it any further because you will just want to view it as pointless when it is anything but the sort.
Wrong.
It is not critical that these two men be in Washington or suspend the debates or suspend their campaigns in order for them to DO THEIR JOB on this issue.
How do you think this stuff works? Do you think all 100 senators sit together in a room working things through together? Do you think nothing gets done if one of them is not in the building? No. Party leadership from both sides canvass their membership on what is acceptable to each and what they want, and then it gets hashed out in committee. If a compromise is necessary, they contact everyone to see how they will vote. NEITHER ONE OF THESE MEN HEADS OR SITS ON A RELEVANT COMMITTEE. As long as they are in contact with their party leadership, they don't need to be there, except to vote. They certainly do not need to supend their campaigns.
That's why I asked what Super Maverick thinks he is going to do. Is he going to barge into the committee meetings where he does not belong? Perhaps he will entertain with a song and dance? Maybe he will hold press conferences and look "presidential." I'd say he should spend the time boning up on his debate topics.
Most likely what he will do is disrupt the whole process. If the candidates go to Washington and start staking out sides, this whole thing is going to degenerate into a situation in which every representative and senator is acting as a proxy for his candidate. And that is how this whole thing is going to get screwed up. This is a very imoportant and very delicate situation, and it should not be infected with partisan presidential politics. This is probably the WORST possible time for a crisis like this to happen, right in the middle of an election. Both of these candidates should keep their distance, let their leadership know what they want, just like all the other Senators, and let it get negotiated outside of the context of the presidential campaign by the people whose proper role it is to handle this thing.
I don't criticise McCain for wanting to "do his job." I criticise him for pulling a stunt in the middle of something serious. He knows what his role is as senator, and he is overstepping it and making the situation worse. And he is doing it so that he can appear to be doing more than he really is. It's purely political, and he should not have done it.
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
Haha I wouldnt even want McCain having anything to do with our economic crisis... hey he put it best himself,
"The issue of economics is something that I've really never understood as well as I should. I understand the basics, the fundamentals, the vision, all that kind of stuff,'' - John McCain:thumbsup:
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
I have one very defining term for this move by senator McCain: "Gamesmanship"
I quote
Quote:
The term "gamesmanship" is also used for similar techniques used in non-game situations, such as negotiations and elections.
Each form is frequently used as a means of describing dubious methods of winning and/or psychological tricks used to intimidate or confuse one's opponent. Technically speaking, these tactics are One-upmanship, defined in a later book by Potter as the art of being one-up on somebody else.
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
Quote:
Originally Posted by dragonrider
Wrong.
It is not critical that these two men be in Washington or suspend the debates or suspend their campaigns in order for them to DO THEIR JOB on this issue.
Obama says that a president should be able to do two things at once... Remember the flak Bush caught for not dropping what he was doing to see the katrina landfall site?
As callous as it sounds that situation was not nearly as Critical as the one we're in right now as this 700 billion effects the nation on a whole. While a president should be able to do two things at once it's also important that he realizes when something detrimental is on his plate and he needs to stop what he's doing to place focus on it. This is one of those times. They are SITTING SENATORS. Nothing changes that, not their campaign, not the dump I just took.. not anything. They have a job they are still obligated to.
Quote:
How do you think this stuff works? Do you think all 100 senators sit together in a room working things through together? Do you think nothing gets done if one of them is not in the building? No. Party leadership from both sides canvass their membership on what is acceptable to each and what they want, and then it gets hashed out in committee. If a compromise is necessary, they contact everyone to see how they will vote. NEITHER ONE OF THESE MEN HEADS OR SITS ON A RELEVANT COMMITTEE. As long as they are in contact with their party leadership, they don't need to be there, except to vote. They certainly do not need to supend their campaigns.
I actually found the beginning of this paragraph condescending. I'm not stupid. Fact is we pay them with our tax dollars, this is a critical situation not a vote for getting some money to throw the White Sox a party for winning the world series.
If congress goes into an extended session then yes, I think they will have to suspend their campaigns. I'm sorry but to pull an argument from the left, they are running for president and this is something a president will have to addres correct? So why is it ok for Obama not to show up or stay in Washington if an extended session is called for?
Don't talk to me as if I'm ignorant again.
Quote:
That's why I asked what Super Maverick thinks he is going to do. Is he going to barge into the committee meetings where he does not belong? Perhaps he will entertain with a song and dance? Maybe he will hold press conferences and look "presidential." I'd say he should spend the time boning up on his debate topics.
No, he intends to participate to do his job. And to be fair president bush actually called both McCain and Obama and urged them to come to washington. I don't believe the idea actually originated from either of these two even though Obama says it was his idea and McCain is portraying it (not directly saying it) as if it were his idea.
You are so eager to trash the other side you don't even see what's important. Let's use your argument that neither one of these people NEED to be there. Well let's use another one of your arguments from the past, both of these Men are running for President. If there is a time of Crisis things need to be stopped to place focus on it. If even lame duck President Bush can do this I would expect Obama to do the same.
I am using your arguments here because my arguments seem to have no effect on you.
Quote:
Most likely what he will do is disrupt the whole process. If the candidates go to Washington and start staking out sides, this whole thing is going to degenerate into a situation in which every representative and senator is acting as a proxy for his candidate. And that is how this whole thing is going to get screwed up. This is a very imoportant and very delicate situation, and it should not be infected with partisan presidential politics. This is probably the WORST possible time for a crisis like this to happen, right in the middle of an election. Both of these candidates should keep their distance, let their leadership know what they want, just like all the other Senators, and let it get negotiated outside of the context of the presidential campaign by the people whose proper role it is to handle this thing.
Like you said, what's he going to do? He's just 1 man currently who's not President. Same as Obama. Make up your mind... is McCain important enough to sway and delay the process in which a couple of hundred people are involved or is he just another one of the group?
You can't have it both ways. Pick a stance.
Quote:
I don't criticise McCain for wanting to "do his job." I criticise him for pulling a stunt in the middle of something serious. He knows what his role is as senator, and he is overstepping it and making the situation worse. And he is doing it so that he can appear to be doing more than he really is. It's purely political, and he should not have done it.
Uhh, the debates are coming up on friday. I don't think it's so ludicrous to try to go through the proper channels to delay the debate, coordinate with the Obama campaign to address this issue and then get back on track with the elections.
I criticize you for being overly biased and obtuse to a situation that is critical to all Americans and a situation that every elected politician should currently being in Washington trying to address.
Neither of these candidate need to draft the plan.. to be honest I would prefer they didn't. What they need to do is go to washington, listen to the discussions there.. and VOTE. THAT IS THERE JOB!
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
I've yet to see an explanation of Substance from anyone here on Obama's side.
All I've seen are people defending Obama but not explaining.
I've gone through the trouble of explaining why it is Important for BOTH of these men to go to Washington and stay there until it is done.
Also it should be noted that McCain has stated that if the deal is done before the debates on Friday he will attend.. but if they are not he will not be there. He realizes what's important and is putting his electability on the line. The first debates have been historically very important in the election process in determining who will win.
Unless people have an explanation with substance in it.. I will not be participating in this thread any longer. The biased and honestly blind hatred toward the republican candidate is really disgusting. More so this time because whether the move was political or not; McCain saying that they should go and stay in Washington does bare alot of truth in what is ACTUALLY IMPORTANT.
He never wanted to cancel the debates, just delay the first debates which topics cover foreign policy; something McCain is strong on and Obama is not so strong on.
But whatever; continue your blind hatred of the opposition who wants to do his CURRENT job. After all you Obama supporters are used to your candidate not voting or showing up for work 2/3rds of the time
:hippy:
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
fyi, if people are going to negatively rep me at least have the integrity to come out and join in the conversation and voice your opinion.. or voice what you ahve to say about me.
Don't hide behind the rep system. If you are not participating then I hardly see you having a right to criticize me on a PERSONAL level.
BREAKING NEWS! McCain is suspending his campaign and is asking Obama to do the same!
Quote:
Originally Posted by daihashi
fyi, if people are going to negatively rep me at least have the integrity to come out and join in the conversation and voice your opinion.. or voice what you ahve to say about me.
Don't hide behind the rep system. If you are not participating then I hardly see you having a right to criticize me on a PERSONAL level.
I take what I said back.. they participated in 1 post in this thread where they laid blame at the foot of the current administration.
Bush tried to reform Fannie/freddy in 2003.. and 17 times in 2008 alone.
For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
2001
April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity."
2002
May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)
2003
January: Freddie Mac announces it has to restate financial results for the previous three years.
February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that "although investors perceive an implicit Federal guarantee of [GSE] obligations," "the government has provided no explicit legal backing for them." As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. ("Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO," OFHEO Report, 2/4/03)
September: Fannie Mae discloses SEC investigation and acknowledges OFHEO's review found earnings manipulations.
September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.
October: Fannie Mae discloses $1.2 billion accounting error.
November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)
2004
February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and thereforeâ?¦should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)
February: CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)
June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)
2005
April: Treasury Secretary John Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in Americaâ?¦ Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)
2007
July: Two Bear Stearns hedge funds invested in mortgage securities collapse.
August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, The White House, 8/9/07)
September: RealtyTrac announces foreclosure filings up 243,000 in August â?? up 115 percent from the year before.
September: Single-family existing home sales decreases 7.5 percent from the previous month â?? the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.
December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs â?? and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, The White House, 12/6/07)
2008
January: Bank of America announces it will buy Countrywide.
January: Citigroup announces mortgage portfolio lost $18.1 billion in value.
February: Assistant Secretary David Nason reiterates the urgency of reforms, says "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
March: Bear Stearns announces it will sell itself to JPMorgan Chase.
March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by â?¦ helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
*
"Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
*
"[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that â?? and Congress is making progress on this â?? is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
*
"Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
July: Congress heeds the President's call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
Just the Facts: The Administration's Unheeded Warnings About the Systemic Risk Posed by the GSEs
So for the person who told left that personal remark against me.. I ask you who is being biased. I don't care what anyone's opinion on her eis.. I simply want people to recognize fact.
And fact is that you are also part of the people I was talking about. If you took time to even look up you would see Bush has tried for some time now to reform this.
I'll be waiting for everyone's rebuttal Slamming the current President.. Slamming McCain who has also been warning of this since, at least that I know of, 2003 as well.
Hillary Clinton I believe in 2001 even sided with President Bush on reforming this. I have to find a source to prove that though so don't quote me on it.
Look at the situation for what it is, not for what you want it to be.
This post is also for the person who left me a negative rep on a personal level. I see the fact and research fact. Your post was your own opinion that you convinced yourself to be true; yet here we see it's false.
You accused me of treating people as if they were ignorant. Ignorance is simply a lack of knowledge or information on a subject and you've shown here you lacked information/knowledge when you made your statements in your initial post in this thread. Being ignorant is not bad... it's neutral. There is nothing wrong with informing people of the truth to bring them out of ignorance.
In that regard you could accuse me what you did. I simply want to bring everyone out of ignorance and share the information that *I* am aware of.
I see no fault in that.