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McCain blasts Congress for blocking bailout plan
KARE 11 ^ | 9/29/08 | staff

Posted on 09/29/2008 8:18:14 PM PDT by pissant

Republican presidential candidate John McCain had sharp words for Congress, it the wake of the defeat of the financial system rescue plan.

"They wiped out $1.2 trillion today," the Arizona Senator told KARE 11, "Congress's failure to act today is not acceptable."

Despite pleas from President Bush and Treasury Secretary Henry Paulson, lawmakers rejected the bailout bill by a vote of 228-205. By the time the New York Stock Exchange closed, the Dow Industrial average had plummeted 777 points.

Answering questions via satellite from Des Moines, Iowa McCain chided those from both sides of the aisle who opposed the plan.

"This is a time of severe crisis, maybe the greatest crisis of our life time," McCain told KARE, "Our failure to act is going to cause problems not only in America, but globally."

Some opposed the package because it didn't do enough to directly address the hardships faced by those stuck in with mortgage foreclosure troubles and, in some cases, predatory loan rates.

Other resistance came from those who are fundamentally opposed to such a massive influx of government aid, at a time when the United States treasury is already straddled with record debt.

Still others remain unconvinced that buying up lenders' bad debt bring trangible results to average people when it comes to easing the credit crisis.

(Excerpt) Read more at kare11.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: 110th; 2008; bailout; election; electionpresident; elections; mcamnesty; mcbailout; mccain; mccaintruthfile; mcrino; mcsocialism; republicrat; rino; rinos
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You blew it McCain.
1 posted on 09/29/2008 8:18:16 PM PDT by pissant
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To: pissant

When things went down in Congress, McCain was talking earmarks.


2 posted on 09/29/2008 8:19:31 PM PDT by Warlord
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To: pissant

oh dear, he’s not listening


3 posted on 09/29/2008 8:20:10 PM PDT by machogirl (i)
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To: pissant

He is blasting Congress for not passing something that 77% of the people do not want?

-Sigh-

I know we will end up getting “something” passed (I think) but jeez mac, show a little finesse here, will ya?


4 posted on 09/29/2008 8:20:30 PM PDT by Canedawg (If the law supposes that, said Mr. Bumble, the law is a ass, a idiot.)
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To: pissant

Palin brought the base back, now he’s losing it again. Oh geez.


5 posted on 09/29/2008 8:20:38 PM PDT by Rennes Templar (If the election were today, Obama would win.........in Europe.)
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To: pissant

so wall street lost some money, big deal. Its not an indicator of whether the rest of the ecomomy is doing well or not


6 posted on 09/29/2008 8:20:50 PM PDT by 4rcane
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To: pissant

Yep. Here was an excellent chance for him to come out AGAINST an unpopular bailout. Isn’t he always going on about how he’s a fiscal hawk? Riiiigggghhhhht.

Nevertheless, he’s all we got, and he’s a far cry better than the Obamarxist.


7 posted on 09/29/2008 8:21:04 PM PDT by CitizenUSA (Voting proudly for GOVERNOR Palin for VP!)
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To: pissant

WTH?

OK, I get it if he thinks this will help him with those spooked by the potential for a meltdown. Perhaps the wager here is that they need to shore up his support among older voters.


8 posted on 09/29/2008 8:21:37 PM PDT by Harry Wurzbach (Rep. Thaddeus McCotter is my hero.)
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To: pissant

there are times i’ve seen brilliance from the campaign and then other times when it requires to nail the “bi-partisans” that have slammed him, ?


9 posted on 09/29/2008 8:21:48 PM PDT by machogirl (i)
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To: pissant

Hey John, the ones that are having their homes foreclosed upon probably aren’t voting for you anyway.


10 posted on 09/29/2008 8:22:27 PM PDT by Mr. Binnacle (Keep on talking, Joe Biden, keep on talking!)
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To: Mr. Binnacle

they’ll be voting for obama twice, once from their precinct from their foreclosed home and they other from wherever they are living now.


11 posted on 09/29/2008 8:23:54 PM PDT by machogirl (i)
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To: pissant

I guess this means that IF elected, it won’t matter if it is a Dem or Pub Congress..he will have no support.


12 posted on 09/29/2008 8:23:58 PM PDT by berdie
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To: 4rcane

before i also jump on mccain, need his full quotes. If you look at the little snippets so far, he’s not saying he support or not support the bailout, only that no action is being taken by congress


13 posted on 09/29/2008 8:24:07 PM PDT by 4rcane
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To: machogirl

No, he’s just not getting it. This is his opportunity to harness the energy of taxpayers contempt for Washington politics and corruption, and he’s not picking up on it. I read somewhere earlier that he was in favor of the bail-out plan being administered by someone other than Paulson. He needs to get back on that reform wagon.


14 posted on 09/29/2008 8:24:14 PM PDT by Think free or die
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To: pissant

Iowa? I’m surprised to learn he was campaigning there - I assumed that the McCain campaign had written off the state.


15 posted on 09/29/2008 8:24:22 PM PDT by TonyInOhio (This is no time to go wobbly.)
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Dick Morris may have been right for once. Mccain should have been opposing this bailout from the get-go. He could have found himself going again an unpopular President and Congress, and being on the of 77% of the people. He's stuck now.
16 posted on 09/29/2008 8:24:21 PM PDT by Hones
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To: pissant

Some people here that were hoping he’d go against the bailout are going to be disappointed. Those of us that know who McCain is at his core, aren’t surprised.


17 posted on 09/29/2008 8:24:26 PM PDT by Soul Seeker
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To: pissant
Oh shaddup, John! Stopping a tax increase on the back of Main Street to benefit a handful of rich bankers was the responsible, conservative and populist thing to do!

"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

18 posted on 09/29/2008 8:24:45 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: pissant
...the Arizona Senator told KARE 11, "Congress's failure to act today is not acceptable."

As some wag noted on another thread, this election will probably be lost by the candidate who makes a big screw-up last. McCain is just demonstrating he's up to the challenge...

19 posted on 09/29/2008 8:25:27 PM PDT by tarheelswamprat
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To: Think free or die

call in romney?


20 posted on 09/29/2008 8:25:33 PM PDT by machogirl (i)
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Dick Morris may have been right for once. Mccain should have been opposing this bailout from the get-go. He could have found himself going against an unpopular President and Congress, and being on the side of 77% of the people. He's stuck now.
21 posted on 09/29/2008 8:25:52 PM PDT by Hones
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To: pissant

I think he just lost the election.


22 posted on 09/29/2008 8:25:53 PM PDT by Kevmo (McCain's learning from Palin how to win a national election. Palin's learning from him how to lose 1)
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To: pissant
You blew it McCain.

KARE 11 doesn't do it for me, true media substance is a minimal requirement to say the least.

23 posted on 09/29/2008 8:26:24 PM PDT by EGPWS (Trust in God, question everyone else)
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To: pissant

>> “They wiped out $1.2 trillion today,” the Arizona Senator told KARE 11, “Congress’s failure to act today is not acceptable.”

That’s a darned ignorant thing to say. In his own words McCain doesn’t understand the economy. He’s proving himself correct.


24 posted on 09/29/2008 8:26:27 PM PDT by Nervous Tick (I've left Cynical City... bound for Jaded.)
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To: pissant
McCain was right when he once said something about not understanding economics as much as he'd like.

Right now, --any-- bill that has Barney Frank, Nancy Pelosi, Harry Reid and Hank Paulson's support, with smiles on their faces, must be defeated.

If that means this financial ship goes down, and we throw out all the bums in Washington, then good. At least maybe these rats will drown.

McCain is flipping clueless on this subject. So is Obama for that matter, but he has the good fortune to be running for the Party of the Crass, Clueless and Corrupt, so this is a resume enhancement for Obama.

25 posted on 09/29/2008 8:26:31 PM PDT by ThePythonicCow (By their false faith in Man as God, the left would destroy us. They call this faith change.)
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To: Hones

forget dick morris, i want to know what chuck norris thinks. :)


26 posted on 09/29/2008 8:26:52 PM PDT by machogirl (i)
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To: Kevmo

sigh


27 posted on 09/29/2008 8:27:10 PM PDT by wolf24 ("It's always easy to rally the stupid.")
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To: Canedawg; Sunnyflorida; 6323cd; roamer_1; AmericanInTokyo; 383rr; djsherin; GunsareOK; ...
He is blasting Congress for not passing something that 77% of the people do not want?

Juan has a rather nasty habit of being against what We The People want. One only need look at his track record of supporting amnesty for illegals, bailouts for Wall Street, and carbon cap-and-trade to see what I'm talking about. The only difference this time is that he was so busy campaigning that he didn't have time to jump in and help author this mess.

28 posted on 09/29/2008 8:27:11 PM PDT by rabscuttle385 (No to bailouts, no to amnesty, no to carbon credits, no to Big Government!)
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To: pissant

Quick, get him a band-aid for his foot. He just shot himself...again!


29 posted on 09/29/2008 8:27:13 PM PDT by mr_hammer (Checking the breeze and barking at things that go bump in the night.)
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To: pissant

Is it too late to replace him?


30 posted on 09/29/2008 8:27:19 PM PDT by clintonh8r (Fire mission!)
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To: Rennes Templar

Governor Palin gave Senator McCain a much better
chance to be POTUS.
Senator McCain will lower his chance if he blesses
this loot America bill.


31 posted on 09/29/2008 8:27:21 PM PDT by HuntsvilleTxVeteran (Obama and ITS thugs are made paranoid by Sarahnoia. (stole from molly_jack2007))
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To: pissant

I watched the interview.

I’ll vote for him. You can go vote for BHO. I think the country will be better off with McCain.


32 posted on 09/29/2008 8:27:37 PM PDT by Doug TX
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To: Kevmo

He’s certainly trying to. Fortunately for him, he is running against a radical POS marxist, so he still has a chance, despite himself.


33 posted on 09/29/2008 8:28:06 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: pissant

Reading the whole article he was going after both Rats and republicans. It’s a tight spot to be in, especially with the MSM yapping everywhere about this. At the bottom of the note, an 0bama spokesman made also called for a fix. The McCain camp did blame Pelosi for this, which is being called a partisan attack.

We have to wait and see what happens now. What Pelosi will bring in. The next move will determine this.


34 posted on 09/29/2008 8:28:12 PM PDT by ABQHispConservative (Socialism has ruined Latin America, let's not let it ruin the USA!)
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To: pissant

The European banks are melting down and the world stock indices are down as well. Why? Because our financial house is out of order and we are sparking a global recession. There is no confidence in our banking system and don’t think it isn’t going to hurt us. There has to be action.

Bush screwed up by letting Paulson run with this plan. It was terrible. The Republicans got it closer to reasonable but they had too far to go at the outset. They sold the problem badly and now no one believes that there is a serious problem coming our way.

McCain blew it by not playing a more active role and standing up for a better solution.


35 posted on 09/29/2008 8:28:22 PM PDT by misterrob (Obama-Keep the Change!)
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To: pissant

***You blew it McCain.***

Yes he did.


36 posted on 09/29/2008 8:28:24 PM PDT by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: pissant

Tone deaf on immigration. Tone deaf on the bailout.


37 posted on 09/29/2008 8:28:47 PM PDT by clintonh8r (Fire mission!)
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To: 4rcane
before i also jump on mccain, need his full quotes. If you look at the little snippets so far, he’s not saying he support or not support the bailout, only that no action is being taken by congress...

Yes, I was going to say the same thing.

38 posted on 09/29/2008 8:29:20 PM PDT by FreeReign
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To: Doug TX

Yeah, well the country would be better off with a dead rodent in the oval office instead of Obama. That does not mean the dead rodent will get more votes. McCain has to show that ‘fiscal conservatism’ he was bragging about in the primary if he wants to win.


39 posted on 09/29/2008 8:30:11 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: ABQHispConservative

he’s is right in a sense that some repubs stood by and helped the mess get bigger........


40 posted on 09/29/2008 8:30:33 PM PDT by machogirl (i)
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To: pissant

Piglosi is incompetent. She should have been able to get those other 95 DemocRATS on board without having to rely on Republicans. What else can you expect from a 9 percenter. She’s a loser!


41 posted on 09/29/2008 8:30:44 PM PDT by FlingWingFlyer (Hey America! Here's your "crap" sandwich! Eat up!)
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To: pissant

Gee, this guy is making it difficult for me to support him.
Given that he is running against BHO, I will but still!!


42 posted on 09/29/2008 8:31:15 PM PDT by Maine Mariner
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To: pissant

Now I’m sure to vote third party this year. There is no substantial difference between McCain and Obama on the homefront.


43 posted on 09/29/2008 8:31:50 PM PDT by Tublecane
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To: Kevmo
"I think he just lost the election."

If McCain holds this position-yes, he just blew it BIG TIME. There is a ways to go and we do not KNOW what else will unfold but, YES- this will do him in--
44 posted on 09/29/2008 8:31:54 PM PDT by scott says
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To: misterrob

I’ll accept the meltdown over turning our country into a socialist one. We’ll recover quickly from a collapse of poorly managed investment houses and banks. We’ll never recover from socialism.


45 posted on 09/29/2008 8:32:08 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: Canedawg

He is blasting Congress for not passing something that 77% of the people do not want?

****************************************

That’s “leadership”. Can’t you see?

/sarc


46 posted on 09/29/2008 8:32:13 PM PDT by ROTB (Our Constitution [is] for a [Christian] people. It is wholly inadequate [for] any other. -John Adams)
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To: misterrob

i agree with you about bush. he has been somewhat of an engima lately. i don’t understand where he’s been the last 3 years.


47 posted on 09/29/2008 8:32:21 PM PDT by machogirl (i)
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To: Tublecane

If only there was a way to fire both political parties.


48 posted on 09/29/2008 8:32:31 PM PDT by dfwgator
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To: ABQHispConservative

It’s a tight spot if you can’t figure out what is right and what is monumentally stupid and try to straddle the fence.


49 posted on 09/29/2008 8:33:22 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: pissant

Once a Maverick always a Maverick!


50 posted on 09/29/2008 8:33:23 PM PDT by Aquamarine
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