Posted on 10/03/2008 2:52:03 PM PDT by BGHater
Republican presidential candidate John McCain said Friday that the financial rescue package is a "tourniquet," not a solution to the ongoing financial crisis, but he was "glad" he suspended his campaign last week and returned to Washington.
McCain said "we must stop the damage to our economy done by corrupt and incompetent practices on Wall Street and in Washington."
"I'm glad I suspended my campaign to go back to Washington to help bring the House Republicans to the table," McCain said. "I believe that the taxpayer protections that have been added have improved the bill."
Democrats decried McCain's return to Washington last week, calling it a counterproductive political stunt. The House passed the bailout legislation Friday and President Bush signed it that afternoon.
McCain warned that despite the passage of the bill, there is still work to be done to put the country back on sound economic footing.
"The action Congress took today is a tourniquet, not a permanent solution," McCain said in a statement. "Our economy is still hurting and further action is needed, and it should not take a crisis to get this Congress to act."
Thanks for the laugh, then why did you sign the bill then?
Btw, Sen. McCain, it's a 'tourniquet' around the taxpayers neck.
Palin 2012.
Thanks for playing John.
Hey, he added ‘and Washington’, so we’re getting somewhere at least. Yesterday it was all Wall Street’s fault.
This needs repeating, thank you.
Well, at least you said it once.
Juan's solution is probably going to involve bailout after bailout after bailout.
Juan promised publicly last month to protect taxpayers from additional bailouts. Then, he flip-flopped.
It’s a noose and Nancy Pelousy has an impatient hand on the drop lever.
I hope I’m not wrong, but I predict he will join Obama with suggesting a second stimulus package.
He’ll apply the same pressure to House Reps to get an amnesty.
Pray tell, Sen McCain. What practices? By whom?
Yeah, this bailout vote was the practice vote for Amnesty.
DANGER: A tourniquet is only used on an arm or leg where there is a danger of the casualty losing his life (bleeding to death).
On occasion, tourniquets have injured blood vessels and nerves. If left in place too long, a tourniquet can cause loss of an arm or leg.
http://www.armystudyguide.com/content/army_board_study_guide_topics/First_Aid/tourniquets.shtml
actually the auto bailout was practice for this bailout and then california and then...
Palin is NOT enough to save the stupid bastard now.
The market's reponse today, by FALLING on the news of the swindle — indicates that more time to prepare a more rational approach should have been taken.
Barney Frank should publicly acknowledge his PERSONAL responsibility and RESIGN from his chairmanship of the House Financial Services.
He FAILED in his fiduciary responsibilities and public trust...
ANY Republican who signed this monstrosity without a commitment that Barney Frank and his allies would admit PERSONAL responsibility and resign their positions -— simply played “the game” with the thieves..
A POX on ALL their asses.
I believe with the help of the Congressional Black Caucus — they found a way to pay reparations......
***McCain: Bailout a ‘tourniquet’***
Around our necks.
Haha, I just read your post. We were thinking the same thing.
Ive got one thing to say to McLame...
STFU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Will still vote for Palin just in case McLame keels over.
No you phony bastard - it's a stinking dead Albatross around YOUR neck....
McCain's vote without a mention or fight against the added earmarks to buy the needed votes --- was very revealing...
I think McCain just handed the White House to a racist and corrupt Black Marxist.
That will lead to a crisis which will make this swindle look like child's play.
But he only flip flopped to protect us!
These rats are scum. Ron Paul is looking better and better.
It’s looking more an more like Palin was just a ploy to get conservative votes. She’ll either be “neutered” so to speak by Washington, or she’ll have to get out. I feel bad for her. McCain threw us a bone and expected to be good lap dogs.
Tourniquet, eh? More like a garrote.
LOL! Ya think?
When I saw the joint couric interview of mccain & palin, mccain commented on the overwhelming reaction to the ticket. Interestingly, he stated he would like to think it was because of him but acknowledged the palin factor.
It struck me that perhaps he is jealous of palin and he still doesn't get it - conservatism wins elections.
McCain handled this entire issue so badly, he should just shut the hell up about it, get it behind him, and hope that voters forget about it. He could have won the election on this issue had he handled it differently. Instead, he did the exact opposite of what needed to be done to make this issue work to our favor.
The moment Fannie & Freddie got taken over by the government, McCain should have called it the Democrat’s ‘Enron’ and hammered them on it. McCain could have hung this entire thing around 0bama’s neck during the first debate and would have won the election that night. Instead McCain continues to aimlessly bash “Wall Street”, and still has yet to call out the democrats and 0bama on this.
It’s a dammed shame!!
The cause is plain and simple, the Democrats, with Republicans acquiescence, forced social engineering decisions on the home finance industry's business decisions.
And now the Democrats are going to try and line the Republicans up against the wall for the blame on this $700 Billion travesty.
Guess what? I have no desire to step up and help the Republicans in any way, they played "go along & get along" with their Democrat friends, now they can look to their Democrat friends for help.
'Bout time too.....
Now the next step is to start naming names.
Will the next debate have Obama and Mccain patting themselves on the back?
Thanks for the laugh, then why did you sign the bill then?
Btw, Sen. McCain, it's a 'tourniquet' around the taxpayers neck.
McCain was handed a great gift last week - he was given an opportunity in which he could easily have turned this around.
He discard that gift like so much garbage.
McCain could have said that he was stepping into a position of leadership in his party, and he could have led the GOP away from this pork-laden monstrosity of a bill. Instead, in the middle of this crisis,he attended Clinton's event with rock stars last Thursday, then blew into Washington DC, where he said he wouldn't debate unless there was a working bill.
The bill he shouldn't have supported in the first place failed to pass, but he still went to Mississippi to debate.
Mr. McCain squandered his chance last week, jumping on the bandwagon of porkers this week, all the while giving interviews about how when he's president, things will somehow be different.
I supported John McCain in the 2000 election. I believed that the time that he was the best candidate for the job, but do not think so now. McCain isn't the same crusader for low taxes and a free-market economy he once was.
John McCain joins the rest of the entrenched Democrats and Republicans in Congress who show a disdain for their fellow Americans when he supports a bill like this.
There are untold numbers of hard-working Americans who sway under the burden of ever higher taxes. Thanks to this bill, they'll have even more. This "bail out" and the audacious, reckless addition of pork barrel projects is a direct slap in the face of the people John McCain needs to become president.
There was a time that he would not have supported this bill.
Why fight any of this.... just let the country go down without pretending that we have any chance at all?
It sometimes puzzles me as to why so many members on FR, recently, put so many words in their posts when it would suffice it to say...”VOTE FOR OBAMA”
The libs must be very pleased when they read so many damn defeatist posts on here. Let us all work hard to keep the libs happy and scream together....”VOTE FOR OBAMA...VOTE FOR THE ONE....SAVE US FROM McCAIN/PALIN AND DO THE RIGHT THING...VOTE FOR OBAMA!!! “
***conservatism wins elections***
Which is why I think McCain will lose.
Can you tell? Some of you folks, even when I may agree with your logic... are driving me crazy!! ;>)
I would have preferred this:
McCain said "we must arrest, then frogmarch the bastards who did the damage to our economy, all the corrupt and incompetent practitioners on Wall Street and in Washington, then imprison them for a very long time -- as a lesson to the next generation."
That’s how I see it as well. It’s also why I never got very excited and jumped on the bandwagon.
I thought a tourniquet was essentially a permanent solution (a proper amputation is still required, but whatever infection was below the tourniquet will get killed off along with everything else.
Unfortunately, what was needed was a tourniquet and this bailout wasn't it. A tourniquet would have involved forced disclosure of pending bets in the CDS market (no bet is payable until e.g. a week or two after it is disclosed) which would have resulted in a revaluation of credit default swaps and a restoration of market sanity. Instead, what we got was a transfusion which does nothing to fix the completely shredded limb which is unsalvageable but is hemorrhaging like crazy.
A GOP Congress is the only hope. McAzzhat is a senile dupe.
This is a scam and we have been taken once again by the very people who caused the problem and by an administration too inept to fight them. I'm glad he was able to beat Algore and Kerry, but I take back my opinion that one day Bush 43 would be remembered well as a great president.
I think Rush put it best today when he talked about the cabinet under McCain...
Al Gore in charge of ‘Climate Change Initiatives’
Excuse me while I hurl....
Obama wins this year... aligns himself to the left of the 8% favorability Democratic Congress... Republicans who voted add a trillion in national debt get primary challengers or are too embarrassed to come back after getting beat this year.
Carter gave us Reagan... and Clinton gave conservatives a majority in both houses of Congress.
America will be just fine starting in 2010.
cHECK out my post REVOLUTION BEFORE MORNING
this entire affair really sucks, it has a very good chance of throwing the election to Obama, who is, regardless of McCain’s rather dismal record, a far more frightening prospect.
“It’s looking more an more like Palin was just a ploy to get conservative votes.”
Well, it should, because this was part of her appeal. The other was, I assume, democrat and independent voters (mainly female) who might be swayed by here, particularly Hillary supporters. The financial sector events have greatly damaged what appeared to be a potentially winning strategy.
McCain is who he has always been, and his legislative and voting record are pretty clear on this. To think a choice of running mate is anything other than electoral calculus would be to assume he magically changes his views.
Barney Frank should publicly acknowledge his PERSONAL responsibility and RESIGN from his chairmanship of the House Financial Services.
/////////////////
I was hoping that Palin would turn Maverick and “Look America in the Eye” and tell ‘em that the Bailout was wrong, that we are a much stronger Country than Wallstreet claims, that Barney Frank was a major culprit along with dems. She could have won the election for McCain.
I was hoping.
“...what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance?.....
....If the American people ever allow private banks to control the issue of their currency, the banks and the corporations that will grow around them will deprive the people of all their property, first by inflation and then by deflation, until their children wake up homeless on the continent their fathers conquered.” Thomas Jefferson
Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves..I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a ************* revolution before morning.*************”
—Andrew Jackson
WE NEED A REVOLUTION BEFORE MORNING
A RUN ON THE BANKS AND WALLSTREET
BEFORE THEY RUN OVER ........ U.S.
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.