Posted on 09/30/2008 9:33:12 AM PDT by Obamalujah
Here's the video:
(Excerpt) Read more at blog1.thejtandbearshow.com ...
The statement at NRO’s Corner doesn’t say he is for either side really, just that something needs done.
I guess I’d just like to see a politician take a stand on principles. It’s frustrating that we have a Republican candidate that doesn’t understand economics at all.
Can you summarize the video for those of us at work who can’t view it?
I really wish he would propose a dramatic solution of reforms here.
Otherwise, Obama will jump 15 points in the polls, and McCain simply won’t be able to recover.
Here’s the transcript:
John McCain: “I have talked to the President this morning and recommended an increase from $100,000 to $250,000 FDIC insurance on deposits. I also strongly recommended that we use the exchange stability fund that the Treasury has available — $250 billion — to shore up these institutions. Also, the Treasury has at its disposal about $1 trillion that they could begin without Congressional authority buying up some of these terrible mortgages and help stabilize the situation. So I’ve talked to the President. I know that we have to act. Even though we failed yesterday, even though I went back and was able to get more Republicans on board or help get more Republicans on board, we will go back to this, and I will be engaged always where I think America needs engagement.”
“We’re going to have to change enough Republican and Democrats’ minds. It was 95 Democrats that voted against it. People’s credit is at risk here — the ability to buy a car, to make your home loan payments, for small businesses to get credit. Look, this is affecting Main Street America. And we’re going to have to resolve it, and we’re going to have to act. One point two trillion dollars of American savings, pensions, IRAs, mutual funds, investments, et cetera was wiped out, and that hurts Main Street. I’ve got a plan for cutting spending, for keeping taxes low, for making sure that people can stay in their homes, and a long-term plan. In the short-term, we’ve got to take these measures I just outlined to you, and let’s go back, and let’s make Americans understand who are opposed. I was watching your program earlier. How this affects not Wall Street, but Main Street and working families of America.”
Here’s the transcript:
John McCain: “I have talked to the President this morning and recommended an increase from $100,000 to $250,000 FDIC insurance on deposits. I also strongly recommended that we use the exchange stability fund that the Treasury has available — $250 billion — to shore up these institutions. Also, the Treasury has at its disposal about $1 trillion that they could begin without Congressional authority buying up some of these terrible mortgages and help stabilize the situation. So I’ve talked to the President. I know that we have to act. Even though we failed yesterday, even though I went back and was able to get more Republicans on board or help get more Republicans on board, we will go back to this, and I will be engaged always where I think America needs engagement.”
“We’re going to have to change enough Republican and Democrats’ minds. It was 95 Democrats that voted against it. People’s credit is at risk here — the ability to buy a car, to make your home loan payments, for small businesses to get credit. Look, this is affecting Main Street America. And we’re going to have to resolve it, and we’re going to have to act. One point two trillion dollars of American savings, pensions, IRAs, mutual funds, investments, et cetera was wiped out, and that hurts Main Street. I’ve got a plan for cutting spending, for keeping taxes low, for making sure that people can stay in their homes, and a long-term plan. In the short-term, we’ve got to take these measures I just outlined to you, and let’s go back, and let’s make Americans understand who are opposed. I was watching your program earlier. How this affects not Wall Street, but Main Street and working families of America.”
Mr McCain, would you please SHUT THE *^&*% UP, if you have nothing better to say!??!! The more you’re going on and on with your ‘Bi-partisan’ talk, the more you’re moving Obama to the White House.
Just heard Rush ripping McCain on the radio.
McCain:”Bi-partisanship is tough!”
Rush:”What a bunch of BS! Bi-partisanship is the easiest thing to do. Just compromise your principles and agreeing with your enemies- now that’s Bi-partisan!!!!”
Mr McCain, would you please SHUT THE *^&*% UP, if you have nothing better to say!??!! The more you’re going on and on with your ‘Bi-partisan’ talk, the more you’re moving Obama to the White House.
Just heard Rush ripping McCain on the radio.
McCain:”Bi-partisanship is tough!”
Rush:”What a bunch of BS! Bi-partisanship is the easiest thing to do. Just compromise your principles and agreeing with your enemies- now that’s Bi-partisan!!!!”
We should write in Thaddeus McCotter. McCain is obviously trying real hard to lose this.
We should write in Thaddeus McCotter. McCain is obviously trying real hard to lose this.
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