Breaking: MCCAIN SUSPENDS CAMPAIGN TO FOCUS ON ECONOMY; WANTS DEBATE DELAY

Has asked Obama to come back to Washington and go to work as well. Obama to speak at 4PM.

http://drudgereport.com/flash1.htm

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I’m tempted to write in Senator Demint for President….he is not afraid to stand up and make the difficult decisions!

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I keep thinking that McCain should be able to make serious “hay” about the earlier reform blockage from Congress. He should be hammering away at Obama and Pelosi. If Obama is conspicuously absent, McCain should be visible and vocal.

I want McCain to show more leadership. He needs to be working with both parties to look at alternatives and oversight. Instead, he seems to be in a peeing match with the NYT.

Also, where is Palin?

Yesterday, I sent emails to my Congress critters and did not hear back from them—yet. Regretably, my reps, Feinstein, Boxer and Farr don’t often follow my postions.

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of that 700 BILLION the government is proposing to bail out Wall Street, why not give every American over 18 1 million dollars. This would make the US a country of millionaires and allow more people to buy homes, cars, pay off credit card bills , and it would cost the government a lot less than the 700 BILLION they are proposing….

Cathy

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What if all these mortgages were not bundled and put on Wall Street? They would still be owned by individual banks who would fail in the same manner. And it could be a whole lot worse in some ways and more widespread because every mortgage bank would be failing.

Actually, that’s the 70s era banking… pre banks being able to sell their assets to each other and interstate in packages. And no, we wouldn’t have the same problem, BarbaraS. Because the banks wouldn’t have enough cash assets to float as many loans as they do. Once their cash ran out, their lending would be done… tapped out for their local area.

Also, they wouldn’t have been mandated to show numbers of loans to prove they weren’t redlining, and they’d only make loans they know wouldn’t “break the bank”, so to speak.

Congress needs to act by “unfixing” what they fixed, so to speak. But this socialization of bad debt is a bad move. It has as good, if not better, chance to make a recession (not depression) worse by devaluing the US dollar. We need to watch very carefully what they do. And I’m pretty darned convinced this $700bil buyout ain’t the ticket.

But, ya know, we’re just people, and Congress does what they want. Whatever they do, we’ll have to live with it, and boot their sorry butts out at the nearest opportunity.

I’d like to do a recall of both chambers, myself…

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Congress is responsible for this mess and it is up to congress to fix it. They need to repeal Jimmy Carter’s and Bill Clinton’s social engineering forcing banks to lend 100% loans to people who can’t afford to pay. What if all these mortgages were not bundled and put on Wall Street? They would still be owned by individual banks who would fail in the same manner. And it could be a whole lot worse in some ways and more widespread because every mortgage bank would be failing.

These CEOs and CFOs of these companies Fannie Mae, Freddie Mac, AIG, Lehmann Brothers etc) should be brought to trial just like the Enron executives were and made to return their ill gotten bonuses. If the FEC can go after Martha Stewart for that piddling matter they can surely go after guys who made millions by falseifing the accounting of their companies. But just watch the democrats in congress try to protect these scumbags. They are all in this together. The dem congresscritters are the crooked people in Washington and probably every democrat in congress got a piece of this pie.

This is not a case of the moral high ground. Or of should we do nothing. If we do nothing we will be in a financial mess. In fact the whole world will be in a mess. I was a child in the Great Depression and believe me it was no fun. No one had any money and no jobs either. My father had to go to NYC to work as a bus boy leaving my mother and two kids with her parents. My grandfather was a locomotive engineer and only worked two days a week. They fed all their realative and friends who otherwise would have starved. The repercussions of that depression lasted way past WWII. We only really began recovering in 1950s. Up to that time money was tight for just about everyone. The government caused this mess and they should clean it up. I have no faith that the democrats will do anything. They are great ones to stick their heads in the sand and hope for the best. Every time they try their hopey feelie crap it blows up in their faces because they are incapable of looking ahead to the what ifs

And as far as teaching anyone a lesson I believe the American people will be the ones to suffernot just these companies. And teaching someone a less worked so well in 2006 didn’t it?

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I do so appreciate what is very logical advice, Sara. But that “less informed position” doesn’t make me feel much better… LOL

Fact is the majority of Senators who will also be possibly voting won’t be much more informed than either McCain or Obama because they also aren’t in the hearings or private meetings. And as the next POTUS, both should be receiving briefings and be in serious consultations with economic advisors in order to form an opinion to state to us, the voters. Not “monitoring”.

At least McCain first came out with a no, and then a very “uncomfortable with it all. That’s slightly better than Obama’s “no blank check” statement. Especially since the check isn’t blank. It’s capped at $700 bil. Nothing blank about that.

Is is too much to ask that before either of these guys asks me to put them in a new and more powerful job, that I ask they do the job they have now??

Is it also too much to ask for them to assess the situation, and come out with an opinion as leadership? Bush did… even tho I disagree with him to the mat. But at least he made a decision.”

AdrianS? Kudos to your guy! Not only took a stand, but as far as I’m concerned, took the correct stand.

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AdrianS: I can’t believe you actually got a communication from Issa. I’ve been trying for 3 years to get something from him and nada. Rudest office people I’ve encountered as well.

MataHarley: Take a few deep breaths. Neither candidate is POTUS, so has no say on what the Administration does, and neither candidate is on the banking committee or has any “jurisdiction” on the matter. They should stay out of it. Anything they say or do is going to be from a less than informed position, since they aren’t in Washington sitting in the hearings or in on any of the private meetings being held by Administration gurus.

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missvoting… so is Obama.

Now, it may be they both decide to show up. I doubt only one will. They will both stay away, or both go. If nothing else, for appearances sake.

But what I want from a leader is a defined decision maker. Both of these guys are sticking their finger in the wind, and I’m not one bit happy….

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John McCain should have retired from the senate to run full time for the presidency. Now he is in the position of being a no show for a vote that may affect deciscions he would have to make as president.

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