Skip to comments.McCain's Brilliant Play: Bets Presidency on Blocking Bailout Deal
Posted on 09/26/2008 9:42:51 AM PDT by Candor7
John McCain roared into Washington yesterday and reportedly broke up an agreement on the bailout deal. In doing so, he went against not only Democrats but the Republican president, the panicked Republican Treasury Secretary and Fed Chairman, and Republican Congressional leaders. Instead, he sided with a small band of outraged Republicans grousing about violation of free-market principles.
So was this idiotic McCain self-destruction, as most people are suggesting? Or was it a brilliant populist move?
We think the latter.
Americans hate the Hanke-Panke plan, which they accurately view as a bailout of the financial-services companies and executives that helped get us into this mess. Some Americans are so angry, in fact, that for now they'd rather see "this sucker go down" -- as Bush put yesterday, referring to the U.S. economy -- than support a financial-services bailout. By aligning himself with a small band of Republicans who are refusing to go along with the Hanke-Panke plan, McCain not only appears to be standing up for this outrage but is reinforcing his desired image as a maverick.
Given the ongoing crisis in the credit markets, a bailout plan will likely be struck today or Monday -- whether McCain plays ball or not. Assuming this happens, McCain will:
Take credit for brokering a compromise (assuming the final deal is palatable to Americans) Crow that he was the candidate who tried to stand up against the bailout of Wall Street fat-cats Note every five minutes in the next six weeks that the enormous sop to Wall Street hasn't saved anything (if the bailout works, it won't work until long after the election is over) Blast President Bush, who everyone hates anyway, thus reinforcing his "change" message Say he's the only guy with the balls and experience necessary to deal with this crisis. And on the off chance that a deal doesn't go through in the next couple of days, McCain can just rail about the outrage of the Democrats' desire to bail out Wall Street at the expense of Main Street and say he's the only one standing up for the little guy.
In our opinion, this was a brilliant political play (and we're voting for Obama). If only it were likely to lead to a better bailout plan.
(What's a better bailout plan? One that injected equity into the banks -- or, better yet, converted debt to equity -- thus penalizing banks for their stupidity, not taxpayers, and actually accomplishing the desired recapitalization).
Read Jonah Goldbergs new book: " Liberal Fascism: The Secret History of America's Left, from Mussolini to the Politics of Meaning."
Then you will know what this bail out represents. Its a nationalist socialist takeover of out economy. BTW, there is no Democrat Party anymore. It died at the Denver convention. What you have is a Nationalist Socialist Party led by Obama and his thugs, aided and abetted by the MSM.
Raines, Obama, Frank, Soros, Howard Dean, all wanted this, and now they want to hammer nails into the coffin to put our economic freedom to rest!
Scream blue bloody murder to your reps in Congress!
There goes your retirement income baby boomers. Wave goodbye to it, and your ability to invest in stock to provide for your own retirement. All baby boomers will get now is whatever the government wants to hand out, IF you are a socialist you might do quite well when ACORN or LAZAR-US knocks on your door to "help" in times to come?.
Thats 200 to 300 billion to Acorn etc, in the current bail out package. WHO the F'k wants that? Nobody I know. John McCain is right in what he is doing. We need to help him succeed.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
We need to let McCain know we’re standing behind him every step of the way.
Is the hold up on this deal, Reid attempting to attach a drilling ban to it, as I saw reported somewhere today?
What you have is a Nationalist Socialist Party led by Obama and his thugs, aided and abetted by the MSM.
Without any doubt...and the socialist pigs are using this crisis for presidential politics — they are NOT interested in a solution. All they are doing is trying to screw it up, as best they can, to make it look like McCain is somehow (total insanity) at fault as opposed to criminals like Cox and Frank and the rest of the criminal liberal mob of the Congress.
Biden just tacked on a $51.5 Million earmark for some pet project.
This is right on. I just hope the Republicans stand their ground. If they do they will save this country as well as win this election.
“McCain’s Brilliant Play: Bets Presidency on Blocking Bailout Deal”
When the news came out about this, THAT is exactly the way I read it!!
If anyone's listening to Rush, we know this is an outright lie. There was no deal in place to be broken. The Dems handed the meeting over to Obama and it was a complete disaster.
Good article, I am reading the msm about McCain’s decision to debate. It would be real hard to make the coverage any more biased. According to the msm, McCain is a no good lying disruptor who accomplishes nothing. Meanwhile Obama hovers above it all as the American dream.
ACORN is a CRIMINAL ENTERPRISE that specializes in VOTE FRAUD! ACORN should be RICO'ed!!
WHO put ACORN in this bill?? Obama who was their lawyer??? DODD....BARNEY FRANK??? WHO??
You forgot the “BALD-FACE PACK OF LIES -ALERT” warning.
Henry Blodget? Isn’t he serving 14 to 99? Oh that’s right, he should be. Next. I trust Henry Blodget about as far as I can legally blodgeon him.
I got this in my email today!
Good day American taxpayer, complments of the season to YOu. Please allow me to introduce myself I am Mr. Henry PAULSON very high official of United States Treasury of United States, Washington, USA. I please to be writing you this day because someone of our mutual acquaintance Mr. BERNANKE vouch for you as trustworthy and gullible individual of high moral standards.
Through no fault of my own I am come to hard straits and although I am a proud man and father, I must beseech your partnership in resolution, an urgent and vexing matter. Through malfeasance and rascality, certain individuals of my close acquaintance have sabotage national banking system, hence an imminent disaster will befall if I am unable to secure the amount of $700,000,000,000 DOLLARS U.S with all utmost haste. This amount is currently being held by millions of fellow Americans but thus far these scoundrels refuse to release the money to me on grounds of that it is not mine infact.
Therefore I must, find a partner who can assist in the collection of this funds with, advance fee of $179.99 DOLLARS U.S a nominal amount I am sure you will agree. In return for you cooperation I am authorized to release as a token of my good faith to you one iRobot Scooba Floor Washing Robot, can thoroughly clean a floor with FOUR (4) cleaning stages, prep,wash,scrub,dry, and include one bottle of 8 OZ. (8 ounce) Scooba Juice cleaning fluid. This robots can follow walls and crisscroos rooms without need of human agency. Not to be use on carpet, laminate, stone of course I am sure you understand. for such price you would not expect to buy such Scooba but I, can assure you.
After funds of $700,000,000,000 DOLLARS U.S I will forward informations regarding fully protection of all funds, liabilities, equities and other such financial aspects. For now I must ask you to simply place your trust in me as you would a brother, for, are we, all not brothers?
I pray, that this message find it in your heart, to enter in partnership with me in interest of forestalling disastrous circumstance. Should you prefer not to assist me, with funds, I shall direct my I.R.S agents to procure the funds anyway from you, this voluntarily way is more amenable and you will atleast get a SCOOBA mop robot out of the deal, as fate wills it.
Your friend everlasting,
Mr. Herny PAULSON
United STATES Treasure
THIS IS ONE BILL THAT SHOULD BE EARMARK FREE! Man O Man!
Because McCain so often aligns himself with the DeMint and Shelby branch of the party. Yeah right. Nice reach.
How I love those words. How I felt hearing them the first time, realizing that he was giving us the speech Bob Craner gave him... I hope to never forget their impact.
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