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McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 16, 2008 06:38PM

McCain says US economy is so strong that he promises to never let this happen again?

What??????

Hear it for yourself


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Re: McCain Says US Economy is going great!
Posted by: Registered Voter ()
Date: September 16, 2008 06:50PM

How many threads do you need to start? This has already been covered in a different thread - what, you couldn't use this to respond there, instead you are making a different point?

Obama has done what? Nada. He feels your pain? Maybe that will help.

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Re: McCain Says US Economy is going great!
Posted by: Vince(1) ()
Date: September 16, 2008 07:09PM

Obama is at least awake...he didnt get wrapped up in the Savings & Loan scandal..he oesnt have a laizze-faire philosphy..he doesnt want to institute a tax reduction for the rich (which Greenspan says we cant afford). Any thing else?

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Re: McCain Says US Economy is going great!
Posted by: Registered Voter ()
Date: September 16, 2008 08:25PM

He (Obama) hasn't passed or sponsored any bill to deal with anything of substance, and certainly nothing to do with the economy. McCain at least put forth meaningful legislation on the issue - unfortunately Fannie has been under direction of Democrats for many years, all of whom have taken many millions of dollars in salary while there. Fannie provided 85K to Obama's campaign - any idea who they might be rooting for (or were) especially with the Barney Frank's of the world running the committee that is responsible for keeping an eye on stuff like this?

I believe when the Keating issue came up, the people investigating it were Democrats, and yet the 4 Democrats were the ones that got into trouble. McCain was the only one of them that was exonerated.

Your point? That we should raise taxes when the economy is in such problematic times? Oh right, Obama has now said he might delay his tax increases. How many folks do you think live in NY City that make more than $250K per year? The number is much higher than you think. And how do you provide tax reduction to 95% of Americans when 40% of Americans pay no taxes? Provide a rebate so they actually get money? Interesting.



Edited 1 time(s). Last edit at 09/16/2008 08:26PM by Registered Voter.

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Re: McCain Says US Economy is going great!
Posted by: Lefty ()
Date: September 17, 2008 10:24AM

Apparently you missed the news that McCain has been in bed with Fannie and Freddie Mace for years.

He has taken more money from them both over the last 10 years. He has also supported many many bills in favor of Fannie and Freddie.
Attachments:
secsur.gif

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Re: McCain Says US Economy is going great!
Posted by: Lefty ()
Date: September 17, 2008 10:38AM

Registered Voter,

What a suprise -

Wall Street Journal digs out the truth -

http://www.motherjones.com/mojoblog/archives/2008/09/9663_mccain_fannie_freddie.html

McCain should look first to his campaign staffers as the cause of that debacle. One of them was Fannie Mae's head of lobbying, and spread tens of millions of dollars around Washington in the form of lobbying contracts. A number of McCain staffers were on the receiving end of those contracts, collecting hundreds of thousands of dollars each from the lenders to rep their interests. And McCain's campaign manager served as president of a lobbying association that fought to protect Freddie Mac and Fannie Mae from the sort of regulation that McCain is now proposing.

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Re: McCain Says US Economy is going great!
Posted by: Joe Bite'n ()
Date: September 17, 2008 11:38AM

Prominent Clinton Backer to Endorse McCain!

(hows come McCain is getting all the real "babes" to back him?)

http://politicalticker.blogs.cnn.com/tag/cnn-political-editor-mark-preston/

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Re: McCain Says US Economy is going great!
Posted by: Registered Voter ()
Date: September 17, 2008 12:04PM

Lefty Wrote:
-------------------------------------------------------
> Registered Voter,
>
> What a suprise -
>
> Wall Street Journal digs out the truth -
>
> http://www.motherjones.com/mojoblog/archives/2008/
> 09/9663_mccain_fannie_freddie.html
>
> McCain should look first to his campaign staffers
> as the cause of that debacle. One of them was
> Fannie Mae's head of lobbying, and spread tens of
> millions of dollars around Washington in the form
> of lobbying contracts. A number of McCain staffers
> were on the receiving end of those contracts,
> collecting hundreds of thousands of dollars each
> from the lenders to rep their interests. And
> McCain's campaign manager served as president of a
> lobbying association that fought to protect
> Freddie Mac and Fannie Mae from the sort of
> regulation that McCain is now proposing.

Do you ever read what it is you link to? The link you provided was to MOJOBLOG - MotherJones... There was an oped referenced there from the WSJ where McCain pointed out the steps he was going to take on this. The Mojoblog put forth a lot of tidbits pointing at what they were stating, but the WSJ did not "dig out the truth" - but some blogger put forth a few threads trying to make it look like something bigger.

McCain is the one that put forth legislation in the past to deal with this issue that the Democrats pooh poohed and decided not to pursue. Bush put forth a plan to do this also that was blocked by the Democrats also. The Democrats had people running those two organizations - so is it any wonder? McCain is putting forth a plan - where is Obama's? He keeps saying one is coming, and he is going to talk about issues. So far all I see is misdirection.

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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 17, 2008 01:36PM

OL
Attachments:
lobbyist.gif

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Re: McCain Says US Economy is going great!
Posted by: Lurker. ()
Date: September 17, 2008 11:01PM

It looks like Register Voter has been very busy in these McCain\Palin threads

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Re: McCain Says US Economy is going great!
Posted by: Registered Voter ()
Date: September 17, 2008 11:04PM

Yeah, feeling the need to express myself :) Also entertaining - my wife is absolutely horrified by some of the crap you all post here.

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Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: September 18, 2008 09:39AM

So you are posting here because of your wife?

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Re: McCain Says US Economy is going great!
Posted by: TheMeeper ()
Date: September 18, 2008 10:12AM

Jester Wrote:
>>>> So you are posting here because of your wife?


No, he's posting here because it's a task from God.

Thank you Registered Voter for doing the Lord's work!!

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Re: McCain Says US Economy is going great!
Posted by: Registered Voter ()
Date: September 18, 2008 10:21AM

Amen :)

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Re: McCain Says US Economy is going great!
Posted by: TheMeeper ()
Date: September 18, 2008 10:26AM

lol

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Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: September 18, 2008 10:33AM

Cramer goes crazy about Bush administration and US economy a year ago -

http://www.liveleak.com/view?i=de8_1186355765

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Re: McCain Says US Economy is going great!
Posted by: ECON 101 ()
Date: September 18, 2008 01:30PM

Republicans need to take a class in economics, Guns don't work any more, it all about butter these today! Hello??? We are in a global economy?

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Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: September 19, 2008 10:56AM

Bush will announce plans for the federal government to organize a department to buy and control mortgages.

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Re: McCain Says US Economy is going great!
Posted by: angelus42774 ()
Date: September 19, 2008 01:13PM

Hey douchebag "Registered Voters". When you're out whoring yourself and your kids in 4 years, if McShame and Tramp Pallin get in office then remember what you said, because if the MCCain/Whore ticket get in office this country will have stopped circling the drain and officially gone down it, you dumb conservative c**ksmoker!

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Re: McCain Says US Economy is going great!
Posted by: Deep Throat ()
Date: September 19, 2008 02:51PM

Follow the McCain money trial. It all lobbyist of big oil and banking. What do we have problems with right now? Banking and Oil, go figure!

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Re: McCain Says US Economy is going great!
Posted by: McChicken, McCan't, McSame et al. ()
Date: September 19, 2008 05:53PM

Registered Voter Wrote:
-------------------------------------------------------
> Lefty Wrote:
> --------------------------------------------------
> -----
> > Registered Voter,
> >
> > What a suprise -
> >
> > Wall Street Journal digs out the truth -
> >
> >
> http://www.motherjones.com/mojoblog/archives/2008/
>
> > 09/9663_mccain_fannie_freddie.html
> >
> > McCain should look first to his campaign
> staffers
> > as the cause of that debacle. One of them was
> > Fannie Mae's head of lobbying, and spread tens
> of
> > millions of dollars around Washington in the
> form
> > of lobbying contracts. A number of McCain
> staffers
> > were on the receiving end of those contracts,
> > collecting hundreds of thousands of dollars
> each
> > from the lenders to rep their interests. And
> > McCain's campaign manager served as president of
> a
> > lobbying association that fought to protect
> > Freddie Mac and Fannie Mae from the sort of
> > regulation that McCain is now proposing.
>
> Do you ever read what it is you link to? The link
> you provided was to MOJOBLOG - MotherJones...
> There was an oped referenced there from the WSJ
> where McCain pointed out the steps he was going to
> take on this. The Mojoblog put forth a lot of
> tidbits pointing at what they were stating, but
> the WSJ did not "dig out the truth" - but some
> blogger put forth a few threads trying to make it
> look like something bigger.
>
> McCain is the one that put forth legislation in
> the past to deal with this issue that the
> Democrats pooh poohed and decided not to pursue.
> Bush put forth a plan to do this also that was
> blocked by the Democrats also. The Democrats had
> people running those two organizations - so is it
> any wonder? McCain is putting forth a plan - where
> is Obama's? He keeps saying one is coming, and he
> is going to talk about issues. So far all I see is
> misdirection.

McCan't is putting forth a plan -- before the dust has even settled? The authoring of any plan today will need amendment in the next trading day. Even with the facility gets finalized, it's up to the banks to WANT to participate in exchange for gov't equity shares.

I think McCan't is shortsighted with his views on the economy. The smart approach, or we'll call it "the Harvard-educated" approach of Obama, would be to fully assess before making any rational policy decisions.

This is yet another reason why old traditional people have no business doing anything but playing shuffleboard and eating at Old Country Buffet on their seniors discount. They are well past their peak and, when age happens, there's nowhere to go but DOWN.

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Re: McCain Says US Economy is going great!
Posted by: Jenny L ()
Date: September 22, 2008 09:31AM

Oops,

WASHINGTON - Republican presidential nominee John McCain, who only a week ago said the economy was fundamentally sound, now says the U.S. financial system is facing a major crisis.

Speaking Monday on NBC's "Today" show McCain said, "We are in the most serious crisis since World War II."

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Re: McCain Says US Economy is going great!
Date: September 22, 2008 10:23AM

Jenny L Wrote:
-------------------------------------------------------
> Oops,
>
> WASHINGTON - Republican presidential nominee John
> McCain, who only a week ago said the economy was
> fundamentally sound, now says the U.S. financial
> system is facing a major crisis.
>
> Speaking Monday on NBC's "Today" show McCain said,
> "We are in the most serious crisis since World War
> II."

So he basically has to wait for the world to tell him that he is wrong before he musters up "leadership?" No wonder this guy was never put in charge of people while in the Navy.

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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 23, 2008 09:48AM

They didn't allow him to lead because he in his own words "I'm not a good leader."

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Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: September 24, 2008 10:59AM

Apparently McCains aide Davis, who does consulting for Freddie Mac unitl last month, forgot to inform McCain that Freddie was in bad shape.

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Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 10:24AM

Barney Frank in 2003:

I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. We have recently had an accounting problem with Freddie Mac that has led to people being dismissed, as appears to be appropriate. I do not think at this point there is a problem with a threat to the Treasury.

Now, we have got a system that I think has worked very well to help housing. The high cost of housing is one of the great social bombs of this country. I would rank it second to the inadequacy of our health delivery system as a problem that afflicts many, many Americans. We have gotten recent reports about the difficulty here. Fannie Mae and Freddie Mac have played a very useful role in helping make housing more affordable. I believe that we, as the Federal Government, have probably done too little rather than too much to push them to meet the goals of affordable housing and to set reasonable goals. I worry frankly that there is a tension here.

I think we see entities that are fundamentally sound financially and withstand some of the disastrous scenarios.

------

Yes, this is the man that should be in charge of the Financial Services Committee in the House. He made this statement at the same time President Bush and Senator McCain were raising concerns and arguing for tighter control. Sen. McCain specifically stated: “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.”

Rep. Frank didn't want tighter controls because he felt it might further restrict loans on the market - loans that were fundamentally bad. Or did he not want tighter controls because he was number 16 on the list of Freddie and Fannie campaign donation recipients?

While Obama and Frank were reaping the Fannie and Freddie dough, McCain was actually working to change these broken entities.

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Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: September 25, 2008 11:02AM

Is this why McCain's aides are in bed with Freddie Mac and lobbying for them? Why McCain suddenly had to rush back to Washington after 26 years to fix Washington.

McCain and Bush can try to spin the blame any way they want, but the fact of the matter is that Bush thought a free unregulated US economy was the best way and he was wrong.

Bush and McCain have both admitted they were wrong.

Face the facts and stop making up excuses that try to blame others.

(To Bush's credit I do think it took balls to say that he is taking responsibility and that he wrong about the free market place.)

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Re: McCain Says US Economy is going great!
Posted by: YKB = NKOTB ()
Date: September 25, 2008 11:03AM

Barney Frank was not in charge of regulating these entities. The regulators were Treasury, SEC and FHLA, which are made up of appointees of the BUSH ADMINSTRATION. Therefore, Bush and the Republicans failed us once again.

Besides, if there were tighter underwriting criteria and adequate loan loss reserves employed by the so-called "free-markets lenders", we wouldn't be in this mess.

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Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 11:11AM

Jester Wrote:
-------------------------------------------------------
> Is this why McCain's aides are in bed with Freddie
> Mac and lobbying for them? Why McCain suddenly
> had to rush back to Washington after 26 years to
> fix Washington.
>
> McCain and Bush can try to spin the blame any way
> they want, but the fact of the matter is that Bush
> thought a free unregulated US economy was the best
> way and he was wrong.
>
> Bush and McCain have both admitted they were
> wrong.
>
> Face the facts and stop making up excuses that try
> to blame others.
>
> (To Bush's credit I do think it took balls to say
> that he is taking responsibility and that he wrong
> about the free market place.)

It is interesting you want to talk about facts considering your tendancy to ignore them. In 2003, as reported by the NY Times (hardly a Bush supporter), "the Bush administration recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago."


Here is the full article:
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63

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Re: McCain Says US Economy is going great!
Posted by: Vince(1) ()
Date: September 25, 2008 01:10PM

It would be interesting to find out why they failed to implement any of the changes! After all..I believe the republikans controlled both houses of Congress and the presidency at the time. Its one thing to propose legislation it's another to produce it!

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Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 01:28PM

Vince(1) Wrote:
-------------------------------------------------------
> It would be interesting to find out why they
> failed to implement any of the changes! After
> all..I believe the republikans controlled both
> houses of Congress and the presidency at the time.
> Its one thing to propose legislation it's another
> to produce it!


It is not a very difficult concept. Put simply, Chris Dodd and the Democrats killed the bill in the Senate. In 2005, the Senate Banking Committee, then under Republican control, adopted a strong reform bill, introduced by Republican Sens. Elizabeth Dole, John Sununu and Chuck Hagel, and supported by then chairman Richard Shelby. The bill prohibited the GSEs from holding portfolios, and gave their regulator prudential authority (such as setting capital requirements) roughly equivalent to a bank regulator. In light of the current financial crisis, this bill was probably the most important piece of financial regulation before Congress in 2005 and 2006. All the Republicans on the Committee supported the bill, and all the Democrats voted against it. Mr. McCain endorsed the legislation in a speech on the Senate floor. Mr. Obama, like all other Democrats, remained silent. Unable to muster enough Democratic votes for a filibuster-proof majority, the Republicans failed in their effort to get the bill out of the Senate.

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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 01:53PM

YKB Wrote:
-------------------------------------------------------
> It is not a very difficult concept. Put simply,
> Chris Dodd and the Democrats killed the bill in
> the Senate.

Complete Bullshit!

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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 01:57PM

Don't forget to post what was really in that piece of shit bill that republicans tacted in everything but the kitchen sink to give to their lobbyist groups.

Don't even start to call that a reform bill! It was a spending spree you are blind.

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Re: McCain Says US Economy is going great!
Posted by: Egg on your face McMuffin ()
Date: September 25, 2008 02:09PM

YKB Wrote:
-------------------------------------------------------
> Vince(1) Wrote:
> --------------------------------------------------
> -----
> > It would be interesting to find out why they
> > failed to implement any of the changes! After
> > all..I believe the republikans controlled both
> > houses of Congress and the presidency at the
> time.
> > Its one thing to propose legislation it's
> another
> > to produce it!
>
>
> It is not a very difficult concept. Put simply,
> Chris Dodd and the Democrats killed the bill in
> the Senate. In 2005, the Senate Banking Committee,
> then under Republican control, adopted a strong
> reform bill, introduced by Republican Sens.
> Elizabeth Dole, John Sununu and Chuck Hagel, and
> supported by then chairman Richard Shelby. The
> bill prohibited the GSEs from holding portfolios,
> and gave their regulator prudential authority
> (such as setting capital requirements) roughly
> equivalent to a bank regulator. In light of the
> current financial crisis, this bill was probably
> the most important piece of financial regulation
> before Congress in 2005 and 2006. All the
> Republicans on the Committee supported the bill,
> and all the Democrats voted against it. Mr. McCain
> endorsed the legislation in a speech on the Senate
> floor. Mr. Obama, like all other Democrats,
> remained silent. Unable to muster enough
> Democratic votes for a filibuster-proof majority,
> the Republicans failed in their effort to get the
> bill out of the Senate.

He omitted several key details of why the Democrats killed the bill. Read the transcripts. This is just posturing, similar to how McMuffin will claim he flew into Washington like a super hero to save the economy.

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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 02:39PM

Can we agree that McCain doesn't want to debate Obama Friday night?

Or will there be all sorts of spins that McCain is ready to debate and Obama is stopping him some how?

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Re: McCain Says US Economy is going great!
Posted by: Vince(1) ()
Date: September 25, 2008 02:42PM

excuse my ignorance...where does one find the transcripts?

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Re: McCain Says US Economy is going great!
Posted by: Vince(1) ()
Date: September 25, 2008 02:45PM

Lopter Wrote:
-------------------------------------------------------
> Can we agree that McCain doesn't want to debate
> Obama Friday night?
>
> Or will there be all sorts of spins that McCain is
> ready to debate and Obama is stopping him some
> how?


Rumor has it that this is all aploy to get the debates rescheduled...and then due to time constraints..drop the Palin-Biden debate.

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Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 03:04PM

Vince(1) Wrote:
-------------------------------------------------------
> excuse my ignorance...where does one find the
> transcripts?


There are no transcripts of the markup. They are not on the committee site and there is no record of them in the Library of Congress. There are only news reports outlining the markup. Lopter, once again is lying. He is lying that he has read the transcripts and that the bill was a spending spree. In fact, the Congressional Budget Office (nonpartisan) rated the House companion bill which was virtually identical and estimated that the bill would would result in net savings of about $17 million in discretionary spending between 2005 - 2010. Not a significant amount of savings by any stretch, but hardly the "spending spree" he describes. You can look at S. 190 from the 109th Conress on Thomas and see for yourself that there is no spending spree. I don't mind an honest debate about policy and politics, but lying about document facts are just foolish and demonstrate frustration and desperation.

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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 03:10PM

Nothing like McCain saying he's not ready to talk about Presidental issues.

If McCain isn't ready to deal with policital issues then what is he doing in Washington right now?

Either way McCain is screwed. If does debate he's going to look like a moron being associated with republicans\Bush and the failing economy. If he doesn't debate then he looks like he is afraid of Obama, can't handle pressure and can't multitask.

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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 03:14PM

YKB Wrote:
-------------------------------------------------------
> Vince(1) Wrote:
> --------------------------------------------------
I don't mind an honest
> debate about policy and politics, but lying about
> document facts are just foolish and demonstrate
> frustration and desperation.

I call your bluff-

OK, first let's clarify exactly which bill you are talking about. Then I will be more than happy to post all the information.

SO WHICH BILL? HR 3221 or something like that? The exact number please? Cat got your tongue? That's what I thought!

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Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 03:16PM

Lopter Wrote:
-------------------------------------------------------
> YKB Wrote:
> --------------------------------------------------
> -----
> > Vince(1) Wrote:
> >
> --------------------------------------------------
>
> I don't mind an honest
> > debate about policy and politics, but lying
> about
> > document facts are just foolish and demonstrate
> > frustration and desperation.
>
> I call your bluff-
>
> OK, first let's clarify exactly which bill you are
> talking about. Then I will be more than happy to
> post all the information.
>
> SO WHICH BILL? HR 3221 or something like that?
> The exact number please? Cat got your tongue?
> That's what I thought!

CAN YOU READ? My post clearly states S. 190 from the 109th Conress.

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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 03:26PM


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Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 03:28PM

Summary:

H.R. 1461: A GSE "Reform" That Is Worse than Current Law

HR 1461--a bill that was supposed to create a “world class regulator”--is in fact a world class failure. Not only does it fail to improve significantly upon the regulatory authority of the Office of Federal Housing Enterprise Oversight (OFHEO), but it actually increases the opportunities for Fannie and Freddie to exploit their subsidies in order to expand into other areas of residential finance. While the bill makes some modest improvements to the weak regulatory structure of OFHEO today, these improvements do not bring the authority of the new regulator of Fannie Mae and Freddie Mac to the level currently exercised by federal bank regulators. Moreover, the deficiencies of the bill so far outweigh its modest regulatory improvements that the taxpayers and the economy generally would be better off with current law. Under these circumstances, unless there is a reasonable chance that the bill can be strengthened on the House floor, in the Senate, or in conference, it does not deserve to proceed further in the legislative process.

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Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 03:48PM

Lopter Wrote:
-------------------------------------------------------
> Summary:
>
> H.R. 1461: A GSE "Reform" That Is Worse than
> Current Law
>
> HR 1461--a bill that was supposed to create a
> “world class regulator”--is in fact a world class
> failure. Not only does it fail to improve
> significantly upon the regulatory authority of the
> Office of Federal Housing Enterprise Oversight
> (OFHEO), but it actually increases the
> opportunities for Fannie and Freddie to exploit
> their subsidies in order to expand into other
> areas of residential finance. While the bill makes
> some modest improvements to the weak regulatory
> structure of OFHEO today, these improvements do
> not bring the authority of the new regulator of
> Fannie Mae and Freddie Mac to the level currently
> exercised by federal bank regulators. Moreover,
> the deficiencies of the bill so far outweigh its
> modest regulatory improvements that the taxpayers
> and the economy generally would be better off with
> current law. Under these circumstances, unless
> there is a reasonable chance that the bill can be
> strengthened on the House floor, in the Senate, or
> in conference, it does not deserve to proceed
> further in the legislative process.

Wow, you really ARE that dense. First, HR 1461 was the house version. While similar, the Senate version was different and not regarded in the same way. Second, where is the transcript. You apparently must be the only person to have seen them? Or, which is more likely the case, you are being untruthful. Finally, where is the "spending spree" you speak of? Mr. Wallison does not mention it,

Because you are such a fan of Peter Wallison, the author of your AEI report, why don't we see what he had to say in Tuesday's WSJ:

"In light of the collapse of Fannie and Freddie, both John McCain and Barack Obama now criticize the risk-tolerant regulatory regime that produced the current crisis. But Sen. McCain's criticisms are at least credible, since he has been pointing to systemic risks in the mortgage market and trying to do something about them for years. In contrast, Sen. Obama's conversion as a financial reformer marks a reversal from his actions in previous years, when he did nothing to disturb the status quo. The first head of Mr. Obama's vice-presidential search committee, Jim Johnson, a former chairman of Fannie Mae, was the one who announced Fannie's original affordable-housing program in 1991 -- just as Congress was taking up the first GSE regulatory legislation.

In 2005, the Senate Banking Committee, then under Republican control, adopted a strong reform bill, introduced by Republican Sens. Elizabeth Dole, John Sununu and Chuck Hagel, and supported by then chairman Richard Shelby. The bill prohibited the GSEs from holding portfolios, and gave their regulator prudential authority (such as setting capital requirements) roughly equivalent to a bank regulator. In light of the current financial crisis, this bill was probably the most important piece of financial regulation before Congress in 2005 and 2006. All the Republicans on the Committee supported the bill, and all the Democrats voted against it. Mr. McCain endorsed the legislation in a speech on the Senate floor. Mr. Obama, like all other Democrats, remained silent."

Mr. Wallison later states:

"If the Democrats had let the 2005 legislation come to a vote, the huge growth in the subprime and Alt-A loan portfolios of Fannie and Freddie could not have occurred, and the scale of the financial meltdown would have been substantially less. The same politicians who today decry the lack of intervention to stop excess risk taking in 2005-2006 were the ones who blocked the only legislative effort that could have stopped it."

For the whole piece: http://online.wsj.com/article/SB122212948811465427.html

Also, Mr. Wallison stated in this article - http://www.aei.org/publications/filter.all,pubID.23187/pub_detail.asp - that the Senate bill was tougher than the House bill. Again, no mention of "spending spree" anywhere. Imagine that.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB = NKOTB ()
Date: September 25, 2008 03:51PM

YKB Wrote:
-------------------------------------------------------
> Vince(1) Wrote:
> --------------------------------------------------
> -----
> > excuse my ignorance...where does one find the
> > transcripts?
>
>
> There are no transcripts of the markup. They are
> not on the committee site and there is no record
> of them in the Library of Congress. There are
> only news reports outlining the markup. Lopter,
> once again is lying. He is lying that he has read
> the transcripts and that the bill was a spending
> spree. In fact, the Congressional Budget Office
> (nonpartisan) rated the House companion bill which
> was virtually identical and estimated that the
> bill would would result in net savings of about
> $17 million in discretionary spending between 2005
> - 2010. Not a significant amount of savings by
> any stretch, but hardly the "spending spree" he
> describes. You can look at S. 190 from the 109th
> Conress on Thomas and see for yourself that there
> is no spending spree. I don't mind an honest
> debate about policy and politics, but lying about
> document facts are just foolish and demonstrate
> frustration and desperation.


I'm not Lopter and the transcripts can be found on Lexis.

Subscribe, log-in, do a simple search and you'll see.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 04:42PM

YKB = NKOTB Wrote:
-------------------------------------------------------
> I'm not Lopter and the transcripts can be found on
> Lexis.
>
> Subscribe, log-in, do a simple search and you'll
> see.

No they can't. Besides, the only issue was GSE mortgage portfolio limits. Any other claim you make is false. News reports at the time indicated that was the ONLY hangup. The Ds felt that limiting the portfolios would harm affordable housing opportunities. We see where those opportunities got us.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 04:53PM

What hell is YKB mumbling about?

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 04:59PM

Lopter Wrote:
-------------------------------------------------------
> What hell is YKB mumbling about?


Facts, you might want to try using them some time. The truth and facts are so much more informative than your ranting and raving with lies. It is interesting though that after you were completely dismantled on this thread that this is the best you can come up with. Anyone with a modicum of intelligence would understand the above posts.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 05:01PM

Do you have a Lexis account?

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 05:03PM

Lopter Wrote:
-------------------------------------------------------
> Do you have a Lexis account?

I do. Believe it or not, they are not that selective about who they give them out to.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 25, 2008 05:10PM

Ok, what is the login and password of the Lexis account?

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: September 25, 2008 05:25PM

-
Attachments:
sarah-tmdho080917.jpg

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Why Kay Bee? ()
Date: September 25, 2008 06:05PM

YKB Wrote:
-------------------------------------------------------
> Lopter Wrote:
> --------------------------------------------------
> -----
> > What hell is YKB mumbling about?
>
>
> Facts, you might want to try using them some time.
> The truth and facts are so much more informative
> than your ranting and raving with lies. It is
> interesting though that after you were completely
> dismantled on this thread that this is the best
> you can come up with. Anyone with a modicum of
> intelligence would understand the above posts.

...and anyone who uses modicum in a sentence is a ton of fun at parties. Particularly Dungeons and Dragon's for adults and Friday night book clubs on useless subject matter.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 06:51PM

Lopter Wrote:
-------------------------------------------------------
> Ok, what is the login and password of the Lexis
> account?

Yeah, super genius, I am in the habit of handing out that information. Why would I do that? Give me your credit card id and login and you can have my lexis/nexis account information.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 25, 2008 06:52PM

Why Kay Bee? Wrote:
-------------------------------------------------------
> YKB Wrote:
> --------------------------------------------------
> -----
> > Lopter Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > What hell is YKB mumbling about?
> >
> >
> > Facts, you might want to try using them some
> time.
> > The truth and facts are so much more
> informative
> > than your ranting and raving with lies. It is
> > interesting though that after you were
> completely
> > dismantled on this thread that this is the best
> > you can come up with. Anyone with a modicum of
> > intelligence would understand the above posts.
>
> ...and anyone who uses modicum in a sentence is a
> ton of fun at parties. Particularly Dungeons and
> Dragon's for adults and Friday night book clubs on
> useless subject matter.

Don't get your panties in a wad just because you had to look a word up. Generally, I am more fun than the asswipe know it all that tends to know very little and/or lies. Although, he is fun to talk about after he leaves.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Jenny L ()
Date: September 25, 2008 08:18PM

YKB Wrote:
-------------------------------------------------------
> > ...and anyone who uses modicum in a sentence is
> a
> > ton of fun at parties. Particularly Dungeons
> and
> > Dragon's for adults and Friday night book clubs
> on
> > useless subject matter.
>
> Don't get your panties in a wad just because you
> had to look a word up. Generally, I am more fun
> than the asswipe know it all that tends to know
> very little and/or lies. Although, he is fun to
> talk about after he leaves.

It was probably on his word of the day calendar and he needed to use it three times today in a conversation like Katie Couric.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: September 26, 2008 09:33AM

YKB,

It appears Lopter is making fun of you and you didn't get it.

LMAO KIY

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 26, 2008 09:52AM

Jester Wrote:
-------------------------------------------------------
> YKB,
>
> It appears Lopter is making fun of you and you
> didn't get it.
>
> LMAO KIY


Probably because it wasn't funny. There isn't anything to get. The moron has been proven a liar or stupid. Either option isn't pretty for him. He used an article on a completely different piece of legislation from a conservative think tank to prove his point. All he did was disprove his point. I don't think a person that stupid is capable of humor. Honestly, Jester, I don't think you get much of anything either.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: pwned ()
Date: September 26, 2008 11:01AM

Why Kay Bee? Wrote:
-------------------------------------------------------
> YKB Wrote:
> --------------------------------------------------
> -----
> > Lopter Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > What hell is YKB mumbling about?
> >
> >
> > Facts, you might want to try using them some
> time.
> > The truth and facts are so much more
> informative
> > than your ranting and raving with lies. It is
> > interesting though that after you were
> completely
> > dismantled on this thread that this is the best
> > you can come up with. Anyone with a modicum of
> > intelligence would understand the above posts.
>
> ...and anyone who uses modicum in a sentence is a
> ton of fun at parties. Particularly Dungeons and
> Dragon's for adults and Friday night book clubs on
> useless subject matter.


Now that's some funny stuff~!

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Jenny L ()
Date: September 26, 2008 01:57PM

YKB sure is making an ass out himself. What a great model for McCain Palin supporters.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 26, 2008 02:38PM

Jenny L, Lopter, pwned whatever other name you choose to post under,

Did you notice when you started spouting your bullshit, you lost all credibility? Did you notice how NOBODY, not even the usual libby cohorts, came to your rescue? You are floundering alone without a life raft. So badly, in fact, that you have to fabricate alternate identities to support your tenuous positions.

You're all worked up now. You HATE being made the fool. Despite that, you keep coming back for more of a bitch slapping. Do you know how many times I and others have disproven your bullshit on this forum? Too many to count. Now that lopter and these new names have been completely discredited and dismembered, you will have to disown them and move onto equally gay names. In short..........
Attachments:
fail.bmp

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Shipment Returned - Insufficient Postage ()
Date: September 26, 2008 04:04PM

Your post of overly burdensome dribble looks more like a shipment of FLAIL.

You seem stressed out. Is something bothering you today? Are your usual Friday night D&D mates not returning your calls?

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB ()
Date: September 26, 2008 04:12PM

Shipment Returned - Insufficient Postage Wrote:
-------------------------------------------------------
> Your post of overly burdensome dribble looks more
> like a shipment of FLAIL.
>
> You seem stressed out. Is something bothering you
> today? Are your usual Friday night D&D mates not
> returning your calls?

As I expected, you have to get the last word (even after you have clearly taken the title of grand loser). You did drop lopter though as predicted. I see you have moved onto "Toilet Humor" as your handle. Wow, you are a clever one, aren't you? I'm out for the weekend, so you can have a couple of days to come up with a witty comeback. Now, after you are done sobbing, I want you to think real hard about what kind of grand comeback you can have. It has to be good, I'll be anticipating it all weekend. Don't dissappoint all your imaginary fans. I am sure Jenny L is dying to see what kind of pure genius humor you can think up.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: YKB = Young Kurdish Boys ()
Date: September 26, 2008 04:52PM

Let me take you through a simple 3 step program.

Step One: I'm not Lopter nor Jenny L. You flail yet again. Unlike these posters, I only comment 5-6 times per week on average. C'mon, we know what YKB stands for.

Step Two: You're not out for the weekend. Unless by the word, "out", you mean "out-of-the-closet". Again, I will not judge.

Step Three: You may resist the urge to post before Monday, but as usual, I've pissed you off. As your pal Bush said, "MISSION ACCOMPLISHED!"

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: September 29, 2008 12:45PM

YKB,

I'm didn't post as "Shipment Returned" or others. I find it funny that you don't believe others have the same opinions as I.

Your last post sounds like you are about to go postal. It's not our fault McCain and Palin are making asses out of themselves. We are just pointing it out.

How come every McCain and Palin supporter is a dumb shit.

And who the hell answers a foreign policy experience question with "My State borders Canada and you can see Russia from Alaska?" Even Katie Couric had to hold back laughter.

+1 for Shipment Returned

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: September 30, 2008 12:13PM

I think McCain was wrong, go figure. So the bill hasn't passed, why did McCain leave Washington?

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Jenny L ()
Date: October 03, 2008 03:30PM

Apparently Palin agrees with McCain.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Oops ()
Date: October 07, 2008 04:30PM

Economy is certainly going great, but down another 500 points today.

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Jester ()
Date: October 12, 2008 04:39PM

That was his biggest mistake yet

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: Lopter ()
Date: October 30, 2008 01:24PM

Looks like McCain was wrong

Options: ReplyQuote
Re: McCain Says US Economy is going great!
Posted by: fundy ()
Date: October 30, 2008 01:33PM

Lopter Wrote:
-------------------------------------------------------
> Looks like McCain was wrong

Do you even know what the fundamentals of an economy are? I doubt you do.

Options: ReplyQuote


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