Thursday, September 25, 2008

McCain demonstrates his incredible lack of understanding of economic realities by sabotaging bipartisan agreement on the financial bailout plan.

Inside an intense White House meeting over the financial crisis on Thursday, where nearly every key player came to an agreement on the outlines of the bailout package, Sen. John McCain stuck out. The Republican candidate, according to sources with direct knowledge, sat quiet through most of the meeting, never offered specifics, and spoke only at the end to raise doubts about the rough compromise that the White House and congressional leaders were nearing.

McCain's reluctance to jump on board the bailout agreement could throw the entire week-long negotiation into a tailspin. Sen. Chris Dodd, after leaving the White House, suggested on CNN that the tenuous process could be derailed by what he viewed as McCain's political motives.

"What happened here, basically, if you want an honest appraisal of the thing, we have been spending a lot of time and I am tired. I have spent almost seven straight days at this in trying to come out with a workout plan for our economy a rescue plan," said Dodd. "What this looked like to me was a rescue plan for John McCain for two hours and took us away from the work we are trying to do today. Serious people trying to do serious work to come up with an answer."

According to the source with knowledge of the White House gathering -- which featured both presidential candidates, congressional leaders and the President -- virtually ever key figure in the room, save McCain and GOP Sen. Richard Shelby, were in agreement over a revised version of Treasury Secretary Hank Paulson's plan.

Towards the end, McCain finally spoke up, mentioning a counter-proposal that had been offered by some conservative House Republicans, which would suspend the capital gains tax for two years and provide tax incentives to encourage firms that buy up bad debt. McCain did not discuss specifics of the plan, though, and was non-committal about supporting it.

Paulson, however, argued directly against the conservative proposal. "He said that he did not think it would work," according to the source. At another point in the meeting, President Bush chimed in, "If money isn't loosened, this sucker could go down" -- and by sucker he meant economy.

For THIS John McCain decided to suspend his campaign and postpone the Presidential debate?

Please could somebody tell McCain to STOP TRYING TO SOLVE THIS PROBLEM!

He does not understand anything about the economy and he seems to be going out of his way to prove it. But this is a serious problem and we simply do not have time to include Grandpa in the discussion.

And Barack Obama, bless his heart, simply will not point out that his opponent is trying to sabotage this deal to keep from having to meet Obama in a debate that he knows he is going to lose. I even heard McCain say that he would really like to have Obama join him in a townhall meeting instead, as if Obama will not eat his lunch for him in that venue as well!

Let's face it this election is over and Barack Obama is our new President. At this point the voting is just a formality.

3 comments:

  1. we are beyond fucked...you can read what he did...he did indeed come to DC to fuck it all up...

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  2. "Let's face it this election is over and Barack Obama is our new President. At this point the voting is just a formality."

    Not so fast.
    http://www.truthout.org/video/greg-palast-rove-has-already-fixed-2008-election

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  3. DEMS have 11 million NEW registered Voters...Rove did not count on that..and Rove never counts on ALL the Minorities that have been voting and voted in the 2006 Elections and voted in the Primaries....

    Greg Palast is smart....and sharp ...BUT he is also living in the UK...there is Something Happening here that is Bigger than anything this Country has Ever Experienced and we should not diminish that or pretend it is not real...

    and if Any kind of Repug Crap trys to steal ANOTHER election- we should be prepared to Fight this time....our lives depend on it.

    WE CAN NOT HAVE ANOTHER STOLEN ELECTION AND A PRESIDENT PALIN !!!!

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