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 ...
Gotcha. Seems clear that McCain cannot tire now, he is going to have to double and redouble his effort to pull this sucker out of the trench. That much is hard to argue.
Yet I do not rule out the possibility of McCain quarterbacking, or appearing to quarterback a plan roughly similar to bailout v 2.0, which is a towering POS but miles better than bailout v 1.0. In fact, I could see his frontrunning such a plan being more effective if it rises out of the ruins of bailout v 2.0. Likely? Doesn’t seem so, but the man has surprised us a time or so far, so I’ll withhold judgement.
But I guess we just have to wait over the current gap to see the Dems regroup and power v 1.0 over the Reps in a near-unanimous party vote.
I would sure like to see some kind of pixie dust sprinkled over the electorate that would enable them to assemble synapses into coherent thoughts and logical conclusions, but I am undoubtedly hoping against hope on that one, I guess. To wit: Putting the parties obviously responsible for this fiasco back in charge of the repair team is so far beyond asinine that even a Democrat should be able to see it.
He supported passage of the boondoggle, and castigated Congress for not passing it? Please explain, einstein, what we all are missing here.
You think this welfare bill is the “way to recovery”? That is your first problem.
Mitt Romney is in favor of this bailout plan. So, no.
Putting the parties obviously responsible for this fiasco back in charge of the repair team is so far beyond asinine that even a Democrat should be able to see it.
***But that would require McCain to run against this current congress and 9% Nancy. He doesn’t want to. He’s one of them — senators are, after all, congressmen. He made a great political calculation when he knew he needed to move right to win conservatives and chose Palin. So if we could get him into that space where he starts making political calculations, he might just hit another ball out of the park. It’s almost like when Thomas Jefferson was president. It’s been said of TJ that he was at his best when he violated his own principles.
I didn’t know that. Simple, elegant response. Thanks.
“Where’s the ‘Maverick’ when the country really needs one?”
The people have “gone maverick” on the government and wall street, instead of obediently opening their wallets
There’s nothing more whiny than a self-proclaimed maverick getting out-mavericked
My pleasure. :) Here’s a link, for reference:
http://www.freep.com/apps/pbcs.dll/article?AID=/20080926/NEWS15/809260379
“Mitt Romney is in favor of this bailout plan. So, no.”
Damned shame.
Jackson voted against it because not enough coin going to his homeys. Put ACORN back in and he’s on board.
Tru dat.
He castigated Congress for not doing something. Not for "not passing it."
I don't trust McCain either, but a man deserves to be quoted precisely, and not in paraphrase which is how liberals do it.
It would have been a good time for McCain to come out against Bush and on the side of the American people for a change. I will still vote for the McCain/Palin ticket as should all Americans who love this country in order to keep it out of communist Obamas hands. I have my children and grandchildren to think about. Besides it will most likely lead to a Palin presidency in 4 years. I don’t see McCain running again. This will pass. An Obama presidency won’t. It will be the death of America as we know it.
Now now, you should know better than to interrupt a McCain trashing thread with facts. LOL
You are absolutely right! Welcome to FR.
McCain is spring loaded to the bi-partisan position. He is as predictable as the sunrise in that respect. McCain will never turn down and opportunity to rally around his liberal buddies on Capitol Hill.
I am taking a walk, and it will be in the direction of Bob Barr or Chuck Baldwin.
This is the future of our country we are talking about. Introducing socialism to avoid Obama is devoid of all logic. The whole damned thing is corrupt. At least there were some principled REPUBLICANS in the PEOPLES' HOUSE.
Abortion, Supreme Court appointees, War on Terror, tax cuts, off shore drilling. No difference, huh.
Do like most folks do. Cheer for Palin and remember the horror of a President Obama. It makes it much easier to cheer for McCain.
He has been through hell with the media and libs the past 8 years. I don’t know how he has had the strength to hold up under such a burden.
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