Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

I don't think either of them have been around doing their jobs enough to help with the situation in the senate.

Both of them have been hard campaigning for at least a year.

I don't see how having them there now will help. They can be briefed, they can see the issues.

I do think this is a political move. I think McCain is not ready.

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Okay, just saying.

Geez

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

My honest, bipartisan thought on the whole thing? Good.

I think they both should be there. Not because they "know it all" but because they should both put the campaign aside and do their jobs for the benefit of the country. That doesn't mean that they alone will have the answers, but its called a Congress for a reason. I think they need to be there, on the ground level of whatever reforms will take place.

I don't care what the motives were behind it, I care about what change will occur.

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Message edited 9/24/2008 7:56:47 PM.

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

nobody seemed to be complaining when they put all political stuff on hold when the hurricanes were happening. How is this any different. The debate will happen.

2 or 3 days till it is rescheduled isn't going to make McCain or Palin more ready.

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Message edited 9/24/2008 8:58:58 PM.

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

He actually cancelled on Letterman for last night because of this... My dad was pizzed since he had four days of mtgs with secret service, top police in nyc etc for this appearance......

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Stalling tactic? Not Ready? I don't think so....(IMO)

McCain has been asking Obama to speak with him at town halls across the country for MONTHS and Obama never rose to the challenge...I don't think this has ANYTHING to do with McCain "not being ready"...if anything, he's been ready and waiting for Obama.

As for it being a political move...lots of you say you think it is, but at the same time, that it's the right thing to do - so what you're saying is "He's damned if he does, damned if he doesn't"?? I don't get it - either he did the right thing or not? I can't help think that if it were Obama, everyone would applaud his efforts and not think of it as a political ploy. (again, that's JMO)

Lastly, for those that think he was part of the problem (and I'm NOT saying he was blameless), but where were the Dems when McCain gave this speech about his grave concerns about the economy and the lending practices of Fannie and Freddie? Oh, that's right - they voted AGAINST the measure that McCain brought to the floor:

This speech was back in 2006 regarding his proposal of the FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005, which the democrats voted against...

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.

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"

Again, I respect everyone's opinion and just think the most important thing is, at the end of the day, we all make it to the voting booths no matter who we choose.

Message edited 9/25/2008 7:54:42 AM.

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

I certainly don't think his concern is "sudden" considering he brought his concerns to the senate with his proposal of the FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005.

He made the speech I posted above in '06...

He has been saying this for over 2 years now...It's just that no one (republicans or democrats) cared to listen.

JMO

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America

This is horrible for me personally. I sell commerical airtime and by McCain doing this (which is a tactic) the entire media world is in a world win spin. Now we have to put stuff back in that was bumped out, etc. GRRRR!! All stations are switching traffic, etc.

Re: Big News: McCain Suspending His Campaign to handle financial crisis in America