Skip to comments.McCain blasts Congress for blocking bailout plan
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 ...
When things went down in Congress, McCain was talking earmarks.
oh dear, he’s not listening
He is blasting Congress for not passing something that 77% of the people do not want?
I know we will end up getting “something” passed (I think) but jeez mac, show a little finesse here, will ya?
Palin brought the base back, now he’s losing it again. Oh geez.
so wall street lost some money, big deal. Its not an indicator of whether the rest of the ecomomy is doing well or not
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.
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.
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, ?
Hey John, the ones that are having their homes foreclosed upon probably aren’t voting for you anyway.
they’ll be voting for obama twice, once from their precinct from their foreclosed home and they other from wherever they are living now.
I guess this means that IF elected, it won’t matter if it is a Dem or Pub Congress..he will have no support.
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
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.
Iowa? I’m surprised to learn he was campaigning there - I assumed that the McCain campaign had written off the state.
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.
"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
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...
call in romney?
I think he just lost the election.
KARE 11 doesn't do it for me, true media substance is a minimal requirement to say the least.
>> “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.
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.
forget dick morris, i want to know what chuck norris thinks. :)
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.
Quick, get him a band-aid for his foot. He just shot himself...again!
Is it too late to replace him?
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.
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.
He’s certainly trying to. Fortunately for him, he is running against a radical POS marxist, so he still has a chance, despite himself.
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.
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.
***You blew it McCain.***
Yes he did.
Tone deaf on immigration. Tone deaf on the bailout.
Yes, I was going to say the same thing.
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.
he’s is right in a sense that some repubs stood by and helped the mess get bigger........
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!
Gee, this guy is making it difficult for me to support him.
Given that he is running against BHO, I will but still!!
Now I’m sure to vote third party this year. There is no substantial difference between McCain and Obama on the homefront.
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.
He is blasting Congress for not passing something that 77% of the people do not want?
That’s “leadership”. Can’t you see?
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.
If only there was a way to fire both political parties.
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.
Once a Maverick always a Maverick!
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