More crack for the junkie.
I guess he’s been watching the financial shows this week. His plan...... LOL
Did he “call in” this plan?
It appears Obama and McCain have exactly the same bailout position. What a missed opportunity for McCain ... you don’t get many gamechanger opportunities in an uphill campaign like this. If McCain had come out in favor of taxpayers Obama probably wouldn’t be leading in the polls at all right now.
Obama the MONDAY MORNING QUARTERBACK....
sits back watches and reads all financial advisors....
THEN CALLS IT HIS PLAN....
i just need to puke after this....i cant take anymore Obama
Forget it Barry, your cronies started this mess.
* No Job, No Problem
* No Credit, No Problem
* No Downpayments, It's only fair
* Ajustable Rate Mortgages, starting at 0.0 APR
* Interest Only Mortgages for your deam-home in Los Angeles
* Can't pay? No Problem
* Bankrupt, No Problem - Keep you home.
* It's Only Fair!
There, fixed it.
DONT FALL FOR THE REPHRASING OF THE DEBATE - IT IS A BAILOUT!
Wow.
What a bold plan.
This falls into the “Me too!” and “so what” category.
More empty words from a vacuous, empty suit.
LARRY KUDLOW'S PLAN
Why is the McCain campaign not laying it out in clear terms, with web addresses where people can read the history of this debacle, and make the link for themselves?
Obama believes the limit should be raised to $250,000, saying this would be “a step that would boost small businesses, make our banking system more secure and help restore public confidence in our financial system."
Uhhh...this is not original. I heard this two days ago and I wish I had paid more attention to who said it, but I DO know it was not anyone from the Obama camp.
Why doesn’t McCain seize the free market option? Wouldn’t the public go for that? Give Newt a call, put pride aside, make the deal.
Bogus and useless. FDIC ONLY covers cash deposits and currently covers any individual account up to 100k, joint accounts up to 100k (for each name on account, trust accounts also for 100k and so forth. A married can have t her accounts covered individually and jointly for up to $400,000. If they have children and want to set up trust accounts, fbo etc then the sky is almost the limit. This suggestion by Obama benefits who? How many people in this country have $100,000 in cash laying around in the bank. My guess is about 2%. Keep in mind securities are NOT covered.
I have not even mentioned that an individual can go to as many banks as they want to open MORE accounts, all of which will be covered by the current FDIC as long as they are 100k or less (200k joint).
Since banks pay the premiums for the FDIC Ins it will simply cost them money which will then be recouped by the banks from the customers in the form of the banks paying less interest on thei8r deposits or charging more interest on their loans.
As bad as it is, this is something McCain should have done already. Get his name on a good alternative.
This punk, this empty suit, continues to cast the impression he’s alrady President.
It’s wearing thin.
Oh brother...this guy fainally strolls in stating the obvious. A little bluster and an inflection just right but it’s still the obvious.
And he benefits this nightmare???
Why are people so stupid. Why? Why? Why??
McCain also should get on top of Gingrich’s proposal about the mark to market accounting change which would bring in billions immediately. This would relate directly to his debate comment about “if you don’t care who gets credit.”
Oh brother...this guy finally strolls in stating the obvious. A little bluster here and there, an inflection just right,... but it’s still the obvious.
And he benefits ???
Why are people so stupid. Why? Why? Why??