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McCain: For the Geithner Plan
The Washington Independent / The Heritage Foundation ^ | 2009-03-26

Posted on 03/26/2009 11:21:00 AM PDT by rabscuttle385

Sen. John McCain (R-Ariz.) just gave an address on “generational theft” at the Heritage Foundation and semi-endorsed Treasury Secretary Tim Geithner’s plan for purchasing toxic assets from financial institutions. “It’s progress,” McCain said, generating a few sighs in the packed room. He opposes any more TARP money going out without more oversight, but wants to give Geithner’s plan a chance. His preference is that banks be “taken over, their managers suffer for their failure, and their assets sold off,” another comment that didn’t light up the room.

The speech rather quickly dovetailed into an attack on earmarks. “I’m aware that earmarks consume a very small proportion of the budget,” McCain said. The reason to focus on them is that they’re “deeply, deeply offensive” to Americans who are tightening their belts.

McCain also argued that the GOP wasn’t a “party of no,” (they had proposed smaller, tax-cut focused stimuli) and he ruled out any attempt to to use the budget reconciliation process to pass health care, education, or environmental reform. Doing that would debase “the normal 60 vote requirement that makes the Senate the unique environment that it is.”


TOPICS: Business/Economy; Government; News/Current Events; US: Arizona
KEYWORDS: 111th; bho2009; bho44; geithner; mccain; mccaintruthfile; obama; obamaslapdog; rino; rinoparty; senate; socialism; socialistagenda; ussenate
McCain's speech at The Heritage Foundation [03/26/2009] [The Heritage Foundation]
1 posted on 03/26/2009 11:21:00 AM PDT by rabscuttle385
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To: stockpirate; Eaker; ducdriver; ChrisInAR; AvOrdVet; MaggieCarta; indylindy; roamer_1; calcowgirl; ..

The Juan McCain Truth File.

"I have great respect for Al Gore."
—John McCain, October 2, 2008

FR Keywords: mccaintruthfile, mcqueeg, mcbama

Please tag all relevant threads with the aforementioned keywords.

This can be a very high-volume ping list at times.

To join the ping list:
FReepmail rabscuttle385 with the subject line add  mccaintruthfile.
(Stop getting pings by sending the subject line drop mccaintruthfile.)
 
Republican Commissar’s Warning: By joining this ping list, you may be subjected to the delusional rants and ramblings of McCainiacs, of "moderate" Republicans, of pragmatic conservatives resigned to voting for the lesser of two Democrats, and of countless GOP shills who simply want to meet a new overlord.


2 posted on 03/26/2009 11:22:41 AM PDT by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: rabscuttle385

John McCain...still clueless.


3 posted on 03/26/2009 11:23:13 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: rabscuttle385

McCain is poison.

He has poisoned the Republican Party with his presence, he screwed up his campaign - possibly deliberately. And now he CONTINUES to create mayhem and havoc.

He should be mounted backwards on a mule and sent over to the Democrats - where he belongs.


4 posted on 03/26/2009 11:23:48 AM PDT by ZULU (Obamanation of Desolation is President. Non nobis, non nobis Domine, sed nomini tuo da gloriam.)
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To: rabscuttle385

McCain’s betrayal increases by the day!

Republicans in Arizona: Please DO NOT re-elect this traitor in the primary!


5 posted on 03/26/2009 11:23:50 AM PDT by wk4bush2004 (SARAH PALIN, 2012!!!!!!!)
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To: Lurker

The only time I believed a politician is when John McCain said that he didn’t understand economics or something to that effect.


6 posted on 03/26/2009 11:26:19 AM PDT by rom (Obama '12 slogan: Let's keep on hopin'!)
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To: rabscuttle385

As I recall, Geithner’s plan is very similar to the plan McCain put forth during the election.


7 posted on 03/26/2009 11:42:38 AM PDT by Warriormom
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To: rabscuttle385
Cripes

FMCDH(BITS)

8 posted on 03/26/2009 11:46:27 AM PDT by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: rabscuttle385

We need to start by getting him and Steele out forever Then the rest of the RINOs one by one. We control them with money.


9 posted on 03/26/2009 12:16:54 PM PDT by Cheetahcat (Osamabama the Wright kind of Racist!)
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To: rabscuttle385

I’m beginning to think that McCain is just plain mentally challenged. Could he have picked a worse group to tell this to?

I suspect that his mind is getting foggy, and probably he needs someone to tell him where he left his wallet when he got undressed last night and put his pants in the laundry.

Oh, no, not in the washing machine again!


10 posted on 03/26/2009 12:18:48 PM PDT by Cicero (Marcus Tullius)
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To: rabscuttle385
The speech rather quickly dovetailed into an attack on earmarks. “I’m aware that earmarks consume a very small proportion of the budget,” McCain said. The reason to focus on them is that they’re “deeply, deeply offensive” to Americans who are tightening their belts.

Appearance over substance. That sums up McCain pretty well.

11 posted on 03/26/2009 2:13:29 PM PDT by TigersEye (Cloward-Piven Strategy)
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To: rabscuttle385

Benedict Arnold?


12 posted on 03/26/2009 8:40:40 PM PDT by dddanonymous
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