Posted on 09/16/2008 6:08:53 AM PDT by markomalley
Republican presidential candidate John McCain told a Jacksonville crowd that he will overhaul financial regulations so that the current market turmoil doesn’t happen again.
McCain said his administration will fix the broken “patchwork quilt of regulatory oversight in Washington” that has forced taxpayers to bail out banking giants Fannie Mae and Freddie Mac.
“We will clean up Wall Street,” he said. “The old boy network is going to come to a halt.”
As president, McCain said he would end pork barrel spending by vetoing any such legislation and drawing attention to the bill’s sponsors. He said his opponent, Democratic candidate Barack Obama, secured about $932 million in pork barrel projects as a U.S. senator.
He said he never requested or received any pork barrel earmarks for his home state, Arizona, and his running mate, Alaska Gov. Sarah Palin, vetoed a half billion dollars of wasteful spending.
McCain also repeated his support for nuclear power, saying that the energy source had safely powered U.S. naval ships without accident. Increasing the country’s energy supply through nuclear, wind and tide power would free it from spending $700 billion a year on foreign energy.
Following some attendees’ chant to drill, McCain reiterated his support for offshore drilling.
McCain, who was stationed in Jacksonville while in the U.S. Navy, told the crowd of hundreds that he had “warm and wonderful feelings” about the area, especially after an Orange Park resident took care of his family while he was a prisoner of war.
Mayor John Peyton, former Florida governors Jeb Bush and Bob Martinez, Sen. Mel Martinez and former vice presidential candidate and NFL quarterback Jack Kemp attended the rally at Jacksonville Veterans Memorial Arena.
“The state of Florida will be key battleground, and I need your help,” he said.
“The old boy network is going to come to a halt.”
...according to Nobama, McCain IS the old boy network. His “old guy” rhetoric is going to backfire!
Enter NewBoy network.
McCain is pandering on this issue. Government is what caused this current situation. Fannie Mae/Freddie Mac, like social security, was just a house of cards ready to come down and some of the old boys that McCain speaks of were his cronies in congress that he so eagerly crosses the isle to work with.
Until he starts replacing the rhetoric of “oversight” and “regulation’ with ACCOUNTABILITY he will slide on this issue.
Time to start punishing these crooks!!!
I agree with that message, the fact that Fannie and Freddie got to keep gain while having loses insured by the American Taxpayer is a scandal.
Add in the fact that Fannie was rife with Democrat Cronies, and donated money to the most radical of the American Left the scandal only grows.
I’d beat the Dems and Obamao with them for the next 21 days.
Espeically the 133,000 in donations Fannie gave Obamao.
It would take a republican Congress as well to do all that.. and at that AFTER the republican house has been swept clean..
Oversight is what was needed, but what happened?
Nobody wanted to call into question what was going on at FM & FM.
What that town needs is an enema.
Oversight is meaningless without aggressive accountability.
Watching a rape and not stopping it is what we get with oversight!
McCain keeps saying he has faith in the American worker which is great, but he needs to also say He has no faith in the oppressive government that drowns the American worker.
Hold the bastards accountable!
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