Comments on: Obama, McCain Weigh In On Wall Street Woes

Obama Blames Crisis On GOP Policies, McCain Calls For Overhaul Of Regulatory Oversight

[misha128-2009]

After John "Herbert Hoover" McCain is informed we the people are not economic fundamentals. The voters clearly viewing the prospect of John "Liar" McCain as Bush 44 / Hoover 44 indicted even by Fox News and Sarah "Stonewall" Palin as Cheney 44 / Nixon 44 voters will be flocking away from Worse than Worse Than Watergate ticket very soon.

[caldwellptr]

"if institutions need to be rescued like banks, they should be regulated like banks" - Paul Krugman - New York Times

[caldwellptr]

What does the Savings and Loan meltdown in the 80''s in Texas and the U.S. Financial Crisis of 2008 have in common?

[caldwellptr]

%u201CWhen life hands you Lehman, make Lehman aid.%u201D Paul Krugman - New York Times

[ragnar30066]

Both Obama and McCain are wrong on this one.

The financial crisis was made in Washington, D.C. The democrats wanted to extend loans to people who traditionally could not qualify. Nothing wrong with that sentiment. Accordingly, the republicans supported it. The government pressured the banks to make loans that they would have not normally made. And guess what, the people with inadequate income, inadequate security, and inadequate experience in financial responsibility (paying bills) defaulted.
Here''s the bad news. Everyone went along with this well intentioned but poorly thought out idea because the government would guarantee it - nobody was at risk. Except the taxpayer.

Palin is the only one who had that figured out. She needs to teach economics to Obama, Biden and McCain.

So what to do now that the Government''s own mortgage banking operations, Fannie Mae and Freddie Mac are going belly up? Raid the taxpayers for even more money to pay for someone else''s stupid mistakes and lack of responsibility?

Are we going to increase regulations? If so, we need to increase the amount of regulation on government, because that is where this problem came from. It is time for Obama and McCain both to begin explaining how we are going to end taxpayer "guarantees" of stupid policy decisions that originate in Congress and imposed on business in contradiction to basic economic principles and common sense.

[homespunlady]

McCain''s KEATING 5 Savings and Loan Financial Collapse was a DRESS REHEARSAL for NOW.

Opening Night to the NEO-DEPRESSION has ARRIVED!!!

[misha128-2009]

Why do LIBS always think Washington needs MORE of our tax dollars. Geez.

Posted by pmsnbc1 at 02:20 PM : Sep 15, 2008

..................

Maybe it''''s to pay off the enormous dept run up by conservatives.

Posted by dinkydog1 at 02:28 PM

At best those alleged conservatives are PSEUDO-CONSERVATIVES.

[misha128-2009]

McCain claims a change of heart and will increase regulation and government oversight of Wall Street. Why then does his party''s policy still call for less regulation and less government. Because McCain lies about Palin accepting earmarks. McCain lies about Palin selling a plane on E-bay at a profit. McCain will continuing lying in order to become president. Clearly the Richard Nixon Liar Gene has yet to be bred out of the Republican Party.

[jjreding-2009]

luvusa - so, if corporate tax cuts equal more jobs, then why have so many jobs gone away since Bush gave out his lavish gifts to corporations in the previous set of tax cuts? Did the tax cuts to the oil companies create new jobs at the new refineries that the record tens of billions of dollars in profits have yet be invested in? Month after month we continue to hear about how hundreds of jobs at this company or that company are being eliminated. What do you think is gonna happen with the buyout of Merrill Lynch? Hundreds, perhaps thousands, of jobs will be gone due to duplication. George Bush has presided over the slowest job creation period in modern history - and don''t forget that when he came into office he presided over the largest job LOSS in modern history.

[walt1944-2009]

John McBush McCain has promised that under his rule as Great Emperor, he and "Moose-Hunter" Palin will enforce "accountability" on Wall Street and bring stability to the financial world.

This from an old fossil who is ABSOLUTELY CLUELESS on anything economic and is proud to say so!

McCain is much more interested in re-telling for the umpteenth time, his POW experiences at the Hanoi Hilton 35 years ago, amending the story with each retelling.

Palin, however, is more concerned about the moose population and making it legal for citizns to own automatic weapons like M-16''s and AK-47''s!

Once again: Are we stupid or are we STUUPPIIDD?????

SIG HEIL, BUSH!!!!!
sig heil, THE ECONOMIC "GENIUS", McCain!!!!
sig heil, PISTOL-PACKIN'' MAMA, Palin!!!!!