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 ...
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?
/sarc
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!
Let’s see how Main St. feels after they have last a few more trillion dollars in asset value. When they cannot get loans, when their banks keep failing and they lose their jobs.
People don’t want a bail out. They would be willing to accept a work out though and that’s where the politicians screwed up.
“If only there was a way to fire both political parties.”
There is, of course. But there’s no guarantee that letting other parties in on the fun will improve anything.
Those who know me, know I never have voted for a Dem and NEVER wil... I HATE OBAMA (FBO)...but..
McCain is painful to cheer for. He looked lost in the debate where he could have scored 1 major victory after another and then he comes out and is critical of the SMART folks who voted against this idiotic bail out?
The only chance he has of winning in NOV is to jump on this and being 100% against fat cat bailouts!
Friggin’ idiot. Can’t believe we’re saddled with this liberal stooge — same goes for Bush & his socialist bailout plan that started this fiasco. I just keep telling myself Obama’s far worse, and voting for him puts Palin into play for the future.
mccain buys us more time to try to “right” this country.
i believe that a vote for a third party now, gives this to obama, and there may be nothing left to “right”. IMHO
I’ve been saying all along McCain is an idiot. When will people figure that out.
McCain this is just utter idiotic. McCain “the good cop, bad cop” scenario is not going to work in this election. You need your base when you got them at “Sara” now you are going to lose them at hanging out the Republican congress who have stood up on principle.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.