There is no such thing as an honest Repiglican.
There is no such thing as an honest Repiglican.
I honestly wonder how McBush can look himself in the mirror or the voters in the eyes. The amount of lies from McBush and McBarbie are astounding. What is truly amazing is they how they aren't even fazed by the lies they tell.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/23/AR2008092300439.html
Close Contests in Four Key States
Economy Jumps as Top Voter Concern
washingtonpost.com Staff Writer
Tuesday, September 23, 2008; 7:17 AM
The presidential race between John McCain and Barack Obama in four key battleground states remains remarkably stable despite a month of politically significant developments, with the Illinois senator running ahead of or even with his Republican rival according to polling conducted by Quinnipiac University for washingtonpost.com and the Wall Street Journal.
In Colorado, Obama takes 49 percent to 45 percent for McCain while in Michigan Obama stands at 48 percent as compared to 44 percent for McCain. The contest in Minnesota, once considered a lock for Obama, is also quite close with Obama at 47 percent and McCain 45 percent. Only in Wisconsin does Obama have an edge -- 49 percent to 42 percent -- outside the statistical margin of error for the poll.
Those results are remarkably similar to data from July Quinnipiac polls in each of the four states and suggest that despite the massive media coverage surrounding the two parties' national nominating conventions as well as the vice presidential selections -- especially that of Alaska Gov. Sarah Palin, which many presumed would alter the campaign's dynamic -- little has changed in the race for the White House.
The upheaval in financial markets has crystallized the importance of the economy in each of the four states where it is, by far, the most important issue for voters. The results are most pronounced in Michigan, whose economy has been badly crippled with the collapse of its manufacturing and auto industries. Nearly six in ten voters in the Wolverine State cited the economy as the most important issue in their vote; the war in Iraq trailed far behind (12 percent) as did energy policy (10 percent). In each of the other three states more than half of voters named the economy as the most critical issue in the election.
Kara, with all due respect you are missing the point and I don't mean your talking points. I have been watching this election very closely and I have to admit that we have hypocrites on both sides; however, the right is the clear winner. It is quite obvious that your comment reflects your lack of understanding of issues, then again this election is not about issues.
What's with the weasel words in the last paragraph? McCain has questioned Obama's ties to Raines, and it has been reported extensively that there are none. So why go for the false equivalency?
As a public high school teacher, the current state of our public institutions reflect our values as a society, from my point of view. We are bailing out these failing institutions with taxpayer dollars while the state of our public school system continues to decline. Good teachers are being laid off and class sizes are growing.
Voters: Compare the SUPPORT (money) we're being asked to give private organizations to bail out these failures versus the kind of support our public schools need to effectively help all of our children. Where should our tax dollars go?
No child left behind is a law that requires improvements without funding to implement these improvements. Schools are listed as "failing schools" and lose funding (no bailout here) because of unrealistic goals that are not funded by this mandate in the first place. What is left in our public schools is often a stressed out skeleton staff that does not have the ability to properly educate our students, who we hope will lead us and support us when we are old?
Meanwhile, these corporate lobbyists have effectively secured deregulation, loopholes, and what they consider "optimal" conditions for their financial success. And a few well-connected people have lined their pockets with enormous amounts of money.
This sort of short-term gain at the expense of long-term growth has infected our entire way of running our society.
Unfortunately young people (the MAJORITY) of our future do not have the money or the resources to hire lobbyists. Their teachers and their schools have limited resources. And there are few organized efforts to effectively reform our schools to prepare our future. In every other developed and developing country we compare our students' progress with, there are serious efforts to improve, fund, and prioritize education.
THIS IS INVESTMENT IN OUR MOST IMPORTANT RESOURCE: HUMAN CAPITAL!
In America, we are starving our schools while bailing out reckless fat cats who've thrived on greed. Is this the American Way? Or have we lost our way?
Hopefully (as we say in school) we will learn from all of this and use it to improve, grow, and succeed
You are correct that students don't have lobbyists. But teachers do, and it's one of the most powerful lobbying groups in Washington DC. Maybe if those unions worked on behalf of students, we'd be in much better shape.
EDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005
The United States Senate
May 25, 2006
Sen. John McCain [R-AZ]: Mr. President, this week Fannie Mae???s regulator reported that the company???s quarterly reports of profit growth over the past few years were ???illusions deliberately and systematically created??? by the company???s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight???s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae???s former chief executive officer, OFHEO???s report shows that over half of Mr. Raines??? compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator???s examination of the company???s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac???known as Government-sponsored entities or GSEs???and the sheer magnitude of these companies and the role they play in the housing market. OFHEO???s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO???s report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
McCain is Mr. Deregulator. He has said this much himself until this crisis hit. More oversight over Freddie and Fannie in 2006 wouldn't have stopped this fiasco. Get a clue. This crap was in full swing earlier than that. Freddie and Fannie were just two of many, many other financial institutions involved. They took advantage of all that deregulation Phill Graam and John McCain were pushing in the late ninties and at the beginning of this decade. This crap you have posted here just shows that McCain hated Freddie and Fannie because they are tied to the government. Well guess what, now all of Wall Street ALL OF IT is tied to the federal government and we can thank McCain and all his pals for this.
Entire subprime market = $1.26 trillion. Subprime loans owned or guaranteed by Fannie/Freddie...$726 billion.
McCain's bill was designed to reign in Fannie/Freddie, and to stop their abuse of an implicit taxpayer guarantee to fund these bad lending practices. Dems stopped it. Why?
I wish McCain was Mr Deregulator. He has a fairly good track record, but sometimes he has a Teddy Roosevelt streak in him.
This crisis was not caused by deregulation. It was caused by massive government involvement in the mortgage and housing market. Fannie and Freddie used their GSE status to borrow money cheaply, moved into the subprime market, and then sent the subprime paper all over Wall Street with their guarantees. That, combined with a federal reserve that flooded the banking system with cheap money, eventually caused the speculative bubble.
I think you should get a clue.
"ABOVE ALL things I hope that the education of the common people will be attended to, ocnvinced that on their good sense we may rely with the most security for the preservation of a due degree of liberty." -Thomas Jefferson
Those in Washington should remember that $700,000,000,000 of debt will come out of real people's pockets. Hold those responsible at the top of these failed institutions RESPONSIBLE. Isn't it Ralph Nader that's been warning us of Corporate Greed and Corporate Welfare? Maybe it is time for Ralph Nader in the White House. At least he's had some clue as to problems that others seem quite unaware of. I'd like to see the two major candidates allow him to debate this week. Maybe they'd get some ideas. If they don't allow him in the debates, maybe he'll win by default, from voters who don't see a clear choice in either candidate.
Looks like we need Ralph Nader in the Whitehouse. He has been warning us about Corporate Greed and Corporate Welfare for a long time. Maybe it's time to listen. Allow him to debate this week, it will be a real debate. I'd like to hear what he has to say. He will be on 45 ballots come November, if the other two candidates aren't real forthcoming about holding those responsible for this "financial crisis" responsible, he may win by default votes against both parties. Allow him to share his views, it would make for a higher viewing audience.
The so-called author should look at something he can substantiate... namely that Fannie Mae and Freddie Mac have always been big Democrat party contributors.
Obama was actually #2 in receiving campaign contributions from these guys in only 3 years in the Senate, John McCain was so far down the list that its not worth citing.
Bill Clinton formed Freddie & Fannie to help low income people purchase homes. The system was designed to ease credit requirements, allowing people with poor credit to buy homes.
Here's your list of Fannie/Freddie recipients.
http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
Clinton did not form Fannie and Freddie. But their authority to purchase loans beyond the traditional Fannie/Freddie conforming loan expanded considerably under the Clinton Administration to promote "affordable housing".
"Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that. "
7 % over republicans... I would not call a big difference.. This quote is directly from the link you have provided..
Correct... the author, however, would have us believe the dems recieved six dollars and change....
Receiving campaign contributions and being personally paid as a lobbyist who was supposed to prevent Fannie Mae & Freddie Mac from getting the right kind of government regulation that might have saved the US economy...now there's a difference. And why do you think F&F stated that Davis' closeness to McCain was the deciding factor in awarding him the contract? Yes, you got it, because McCain was on the Senate Commerce Committe as a self-professed DEREGULATOR.
In March 2007, Obama called upon Federal Reserve Chairman Bernanke and Treasury Secretary Paulson to bring together lenders, consumer advocates, federal regulators and housing agencies for a ssummit on foreclosures, stating he believed "the government oversight agencies were too slow to respond to an overheating housing market" and that "REGULATORS are partly responsible for creating the environment that is leading to rising foreclosures in the subprime market."
That was 18 months ago. If the Bush administration had listened to Obama and McCain and his Campaign Managers hadn't enabled Fannie and Freddie's ongoing DEREGULATION, perhaps the US would be planning how to spend $70 Billion on its citizens, instead of on the cascading collapse of the US banking system caused by Fannie Mae & Freddie Mac.
Obama has an understanding of what drives the economy and 18 months ago he predicted trouble ahead and tried to get the Republican DEREGULATORS to listen. Obama is the only qualified candidate for the presidency.
BTW John McCain received the second highest $ contributions from lobbyists after only Hillary Clinton. Obama was down in the 20's.
Who blocked this bill and why? That actually may be a worthwhile story to cover.
S.190
Title: A bill to address the regulation of secondary mortgage market enterprises, and for other purposes.
Sponsor: Sen Hagel, Chuck [NE] (introduced 1/26/2005) Cosponsors (3)
Latest Major Action: 7/28/2005 Senate committee/subcommittee actions. Status: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
COSPONSORS(3), ALPHABETICAL [followed by Cosponsors withdrawn]: (Sort: by date)
Sen Dole, Elizabeth [NC] - 1/26/2005
Sen McCain, John [AZ] - 5/25/2006
Sen Sununu, John E. [NH] - 1/26/2005
At the rate McCain has been lying, I'm surprise whenever he tells the truth!
Great work, Mr. Isikoff. McCain continues to lie, not caring whether the public knows or not. Following in the steps of the Bushies, lying to our faces thinking we are too dumb to care.
People are paying attention. The lies catch up to you. Dishonored and untrustworthy. Bitter and cranky. Lie upon lie upon lie.
"These two entities ??? Fannie Mae and Freddie Mac ??? are not facing any kind of financial crisis,??? said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ???The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.???
-- Quote is from Barney Frank
EDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005
The United States Senate
May 25, 2006
Sen. John McCain [R-AZ]: Mr. President, this week Fannie Mae???s regulator reported that the company???s quarterly reports of profit growth over the past few years were ???illusions deliberately and systematically created??? by the company???s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight???s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae???s former chief executive officer, OFHEO???s report shows that over half of Mr. Raines??? compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator???s examination of the company???s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac???known as Government-sponsored entities or GSEs???and the sheer magnitude of these companies and the role they play in the housing market. OFHEO???s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO???s report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
And the lies and corruption keep on coming for McBush!!
You can't blame McCain his truthiness. The fact that he knows his aides don't take bribes from politically corupt corporations comes from his gut. And isn't that where all great Presidents get their truth? His transformation into the next Republican President is almost finished. He just needs buy a Ranch.
Who ALL else have been getting checks from Freddy Mac? Or is this tabloid journalism Newsweek is resorting to more and more?
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