McCain Calls For Changes To Bailout Plan

(CBS)
(SCRANTON, PA.) – Saying he is “greatly concerned” about the proposed $700 billion bailout plan put together by Treasury Secretary Henry Paulson, John McCain will be asking for more oversight over who receives funds from the federal government.
McCain will propose a bipartisan committee made up of economic experts such as Warren Buffet (who supports Barack Obama), Mitt Romney (a McCain supporter), and New York City mayor Michael Bloomberg (an independent). Since Paulson may not be the Treasury Secretary after the election, McCain argues, he is asking for a “high level oversight board” to impose a rigorous standard of who gets help and who does not.
McCain will outline his plan at town hall meeting here today. He will also call for a provision in Paulson’s plan that would end the “golden parachutes” of Wall Street CEOs, who have pocketed tens of millions of dollars after their companies have imploded. Any senior executive of a firm that is bailed out by the Treasury, McCain will say, should make no more than the highest paid government official, which is often a great deal less than the typical salary from a private company.
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Typical McCain.
Do as I say. However, if you''re a supporter of McCain, you can do anything and it''s justified by him.
Thank goodness ABC exposed Palin as a blatant liar in her Troopergate scandal. I can''t wait for the recordings to be released to the media. Rumor has it they are as damaging as Nixon''s recordings.
McCain is more of the same.
No More Years!
By: John Amato
Scott Pelley of 60 Minutes asked John McCain if he regretted helping the deregulation of Wall Street back in 1999 and McCain said no because it helped grow our economy to where it is today. Yes, that%u2019s his story and he''s sticking to it. It helped out economy so much that President Paulson is asking for 700 billion dollars with no strings attached to save McCain''s economy that is a step away from turning into another great Depression. Is he kidding me? We have another Enron type scandal on our hands in the financial markets only this scandal is on Super steroids.
Now, tell us what the heck you were doing all those years as head of the Commerce Committee!
Seems to me, that everybody is pointing the finger for this mess to de-regulation of the banking industry, which you are clearly still in support of!
Can''t wait to see how you would de-regulate the health insurance industry too!
good post...Fiorina''s golden parachute was $42 million though - not $20 million. Wonder if McCain can convince her to chip some of it for the cause?
I suppose we should be voting in corruption and liberalism, right? It seems to be McCain''s proposed board is bipartisan. No matter who or what is proposed, someone will find fault. At least McCain has a workable idea on the table while the inexperienced Obama scrambles to find someone who can tell him what his opinion should be.
All of the TOP PEOPLE in the McCain campaign are lobbyists for large corporations, including Big Oil, and FOREIGN COUNTRIES.
Campaign CEO - Rick Davis, Partner at lobbying firm Davis Manafort
National Campaign Director- Christian Ferry, Associate at lobbying firm Davis Manafort
National Political Director- Mike Dennehy, Founder, The Dennehy Group, a New Hampshire lobbying firm
National Finance Director- Susan Nelson - lobbyist working for Loeffler Group LLC. Continued taking monthly lobbying payments after starting with McCain''s campaign.
Senior Policy Advisor- David Crane. Senior Executive at The Washington Group, a corporate lobbying firm with 2006 billings of $10.4 million.
Senior Foreign Policy Adviser - Randy Scheunemann. McCain''s PRIMARY Foreign Policy Adviser. A lobbyist for FOREIGN COUNTRIES, including Georgia (that was just in a war with Russia). OOPS.
National Finance Co-Chair - Tom Loeffler Owns one of the most lucrative and influential lobbying firms in Washington.
Regional Campaign Manager- Doug Davenport ran DCI''s lobbying practice. Was forced to leave when it was exposed that he LOBBIED FOR the REPRESSIVE REGIME IN BURMA.
Campaign Spokesman- Charlie Black - chairman of BKSH & Associates, with lobbying billings of $7.6 million in 2006
Phil "Americans are whiners" Gram - created this economic crisis.
Barack Obama has no lobbyists on the payroll or serving as key advisers.
Vote out Corruption and Conservatism.
DEBATE THAT.
http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?_r=1&adxnnl=1&oref=slogin&ref=politics&pagewanted=print&adxnnlx=1222093579-saZV+X94OP5iMF73waAaBQ
http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?_r=1&oref=slogin&ref=politics&pagewanted=print
- by DCropp September 22, 2008 12:44 PM EDT
- Typical of Washington, McCain calls for an oversight board.
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See all 16 CommentsOne good thing, McCain finally pointed the finger at his economic adviser Carly Fiorina for her $20+ million golden parachute.