What is Digg?150 Comments
- sharpfork, on 09/19/2008, -2/+69McCain has very relevant experience with regulating financial institutions. Too bad his experience is screwing the American people to help the financial institutions:
http://en.wikipedia.org/wiki/Savings_and_Loan_cris ...
http://en.wikipedia.org/wiki/Keating_Five
The Lincoln Savings led to the Keating Five political scandal, in which five U.S. senators were implicated in an influence-peddling scheme. It was named for Charles Keating, who headed Lincoln Savings and made $300,000 as political contributions to them in the 1980s. John McCain(R-AZ) - was rebuked by the Senate Ethics Committee for exercising "poor judgment" for intervening with the federal regulators on behalf of Keating. - muckemuck, on 09/19/2008, -2/+58Ah yes.. he's a master of economics: http://www.youtube.com/watch?v=_1KxgH9l3n4
- johnnr2, on 09/19/2008, -3/+42FTA: John McCain was telling the truth when he said that economics wasn't his strong suit. In response to what many economists have called the worst financial crisis since the Great Depression, the Republican nominee has sounded -- and let's be honest here -- totally, embarrassingly and dangerously clueless.
Mr Robinson had better be careful. Sen. McCain might fire him! - JackpotCity, on 09/19/2008, -6/+43McCain's economics knowledge? - now there's a scary headline... it implies that he has some to begin with.
- stonecircle, on 06/11/2009, -2/+32Hard-hit middle-income families have suffered from the Bush-McCain economic policies. Yet just this week, John McCain once again claimed that "the fundamentals of our economy are strong."
Actual income is down for median-income families and our purchasing power is down even further. We've now lost over 3.5 million manufacturing jobs in the country, unemployment has shot up, and everyone is aware of the houses being foreclosed upon and sky-high gas prices.
The truth is, we are in the midst of a very deep economic ditch. And this November, America will make a choice for President between someone who defends the Bush economic policies, and was part of it, and voted for them, and someone who is a critic of those policies and wants to change the direction of our economy.
That's why it's so important that everyone takes part in this election. Whether you vote in every election or you've never voted before in your life, this is one election that none of us can afford to miss. - future15tbd, on 09/19/2008, -2/+23"I can see Wall St. from one of my houses. That should qualify me for managing the economy."
- dinot, on 09/19/2008, -3/+23"He's shocked and outraged that Wall Street's preening Masters of the Universe threw a drunken toga party and smashed all the furniture -- but he helped buy the beer and told the cops to look the other way."
Referencing He-Man, frat parties, beer, and cops in the Washington Post.... all in one sentence. Eugene Robinson is a god. - ScienceDoc, on 09/19/2008, -3/+22894 out of 899. Do you want a dunce to run your country? W is a dunce and was the class clown and look what he has done. McSame is not qualified to manage a Taco Bell.
- JenniferInMO, on 09/19/2008, -2/+20Fire, fire, fire. I think Palin is having too much influence on him.
- amprather, on 09/19/2008, -1/+17That has already been debunked as another McCain lie -
http://voices.washingtonpost.com/fact-checker/2008 ...
TCSavant another "Swing and A Miss" - inactive, on 09/19/2008, -3/+19There has never been a free market economy in the US and there never will be.
- inactive, on 09/19/2008, -5/+19You mean like we just had for the mortgage industry?
Man, the "free market" idiots don't ever seem to be able to figure out that it's the deregulation and lack of oversight that causes these disasters.
Greed will ALWAYS win over doing the right thing. - stormkrow, on 09/19/2008, -1/+14I'll keep posting my comments for "Republicans" detached from reality.
I've said it before and I'll say it again there are NO republicans in the republican party and a vote or support for McCain/Palin is tantamount to accepting everything over the last 8 years. In my mind if you support this party that means you have to OWN everything that goes along with it you don't get to pick and choose if you whole heartedly support the GOP then you OWN all of it's failings too and that diggers is the cold hard reality of it all and I'm sorry to say it but it makes you a hypocrite of the highest magnitude.
Abu Ghraib, Guantanamo, Katrina, FISA, the Patriot Act, Stevens, DeLay, Abramoff, Enron, Worldcomm, 9-11, Gonzalez, Rove, CEO bail outs, Plamegate, loss of Habeus Corpus, Shredding of the Constitution, $4 gas, Voter caging in Ohio and Florida, racism against illegal immigrants, LGBT hate crimes, "Mission Accomplished", 1 Million+ Iraqi civilian causalities, 1 Million+ Casualties and refugees in Sudan/Darfur, 10,000 fold increase in heroin production, the worst "Dollar" in American history, 6.1% unemployment (conservative), tent cities, 40 Million+ uninsured, Walter Reed, Drill our way out, from the most respected to the most hated citizens on Earth, Coalition of the Billing, multi-billion dollar profits for Big Oil, mulit-billion dollar contracts for Halliburton, the most secretive gvt in modern history, commuting of sentences for convicted traitors, Supreme court standing by big business, Gulf War Syndrome vets class action lawsuit quashed, Abstinence Only education, public schools failing our children, bridges collapsing in Minnesota, our highway and infrastructure in complete disarray, the fight for Net Neutrality, 8,000 dead Americans, ........
OWN IT GOP Supporters. OWN IT. Lock, Stock and Barrel.
When you post up your support of McCain/Palin then you by default agree with and standby the short list noted above. NO you don't get to pick and choose, this is YOUR party, OWN IT. Yes a vote for McCain/Palin IS a full throated endorsement of the Bush Administration. PERIOD. End of discussion. The Republican party didn't change and to think that it did is a level of naivety that should only be displayed by toddlers. Once you decide to actually OWN your party and all of it's failings THEN you can digg me down. - iguana99, on 09/19/2008, -1/+14The problem:
1) Since the 1980s, the GOP rants "Government is bad!"
2) Republicans appoint unqualified lackeys to regulatory posts throughout government
3) Under this poor supervision, these regulatory agencies fail to perform even the basic functions they were designed to carry out.
4) People see the failure of these agencies as a failure of government, not as a failure of incompetent individuals.
5) People agree "government is bad" and go along with de-regulatory GOP schemes.
It's not that government is bad. It's that bad government is bad. - bitfreak, on 09/19/2008, -2/+15100% debunked. McCain CURRENTLY HAS an army of lobbyists working for him.
http://mccainslobbyists.com/
By name, here's a small sample: Rick Davis (he's McCain's top dog), Charlie Black and of course Paul Manafort; Manafort came under fire recently when it was revealed that his firm had arranged a 2006 meeting between McCain and Russian aluminum magnate Oleg Deripaska. Deripaska, critics noted, is not only one of the richest men in Russia and an ally of Vladimir Putin, but has also been linked to organized crime and had his American visa revoked. I guess the aluminum industry here needs to get pounded harder, and Johnny wants to help? - bitfreak, on 09/19/2008, -1/+13Nice article Gene. Gotta Love Phil Graham, McCain's economic heavy hitter.
"...Phil Gramm. A few days after the Supreme Court made George W. Bush president in 2000, Gramm stuck something called the Commodity Futures Modernization Act into the budget bill. Nobody knew that the Texas senator was slipping America a 262 page poison pill. The Gramm Guts America Act was designed to keep regulators from controlling new financial tools described as credit "swaps." These are instruments like sub-prime mortgages bundled up and sold as securities. Under the Gramm law, neither the SEC nor the Commodities Futures Trading Commission (CFTC) were able to examine financial institutions like hedge funds or investment banks to guarantee they had the assets necessary to cover losses they were guaranteeing.
This isn't small beer we are talking about here. The market for these fancy financial instruments they don't expect us little people to understand is estimated at $60 trillion annually, which amounts to almost four times the entire US stock market.
And Senator Phil Gramm wanted it completely unregulated. So did Alan Greenspan, who supported the legislation and is now running around to the talk shows jabbering about the horror of it all. Before the highly paid lobbyists were done slinging their gold card guts about the halls of congress, every one from hedge funds to banks were playing with fire for fun and profit.
Gramm didn't just make a fairy tale world for Wall Street, though. He included in his bill a provision that prevented the regulation of energy trading markets, which led us to the Enron collapse. There was no collapse of the house of Gramm, however, because his wife Wendy, who once headed up the Commodities Futures Trading Commission, took a job on the Enron board that provided almost $2 million to their household kitty. And why not? Wendy got a CFTC rule passed that kept the federal government from regulating energy futures contracts at Enron."
- James Moore - BabushkaBlue, on 09/19/2008, -1/+13From the Washington Post: "The Obama campaign last night issued a statement by Raines insisting, "I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters." Obama spokesman Bill Burton went a little further, telling me in an e-mail that the campaign had "neither sought nor received" advice from Raines "on any matter.""
It sounds like another McCain lie. Just throw it on the pile of lies he's already told. - buddhika86, on 09/19/2008, -2/+11Frankly what I now believe is either half of US is mad or plain stupid or racists or polls are completely wrong. How else can be this man have 44% still according to Gallup polls ?
- algaeturd, on 09/19/2008, -3/+11what knowledge?
- latrosicarius, on 09/19/2008, -1/+8but this can't be true! at the republican debates, he said he had more knowledge of economics than anyone else on the stage.
- CrazedLeper, on 09/19/2008, -2/+9Yes, the "free market" is all people really need. History has shown time and again that, when it comes down to it, the market will really take care of the needs of the people as a whole--assuming that what the people need is to be bled, skinned and hung out to dry.
- Wryly, on 09/19/2008, -1/+8I won't say we're ready for a black president. I won't say we're ready for a white president. I WILL say we're ready for a GOOD president. And that's Barack Obama.
- bitfreak, on 09/19/2008, -1/+8Well, I would start by asking who owns Gallup?
- mtjohnson, on 09/19/2008, -2/+9"I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated," McCain told the Wall Street Journal in late November.
In December he said, "The issue of economics is not something I've understood as well as I should," as the Globe reported on its "Political Intelligence" blog at the time. - nill0, on 09/19/2008, -1/+7Man, seems like every article I go to there is solboldi's lie. So I'll keep on posting this (with regards to Raines)...
Fact Check: http://voices.washingtonpost.com/fact-checker/2008 ...
And if you want to talk associations, lets talk about Keating? - veganpa, on 09/19/2008, -3/+8What will it take for the "free markets!" people to SHUT THE HELL UP?
- Nullmaster, on 09/19/2008, -0/+5McCain supports George W. Bush's idea of channeling at least some Social Security funds into "personal accounts"
OK McCain supporters let us stop for a minute and think about where your life savings would be had they been invested in all the "solid" Wall Street institutions that have just pissed away your retirement, not to mention have also added more debt to the government to bail out all those guys that just made millions with your cash...I wish you would pull the wool from your eyes and for once in your life think logically and rationally and not let the wedge issues that have little impact in your lives lead your decisions. - inactive, on 09/19/2008, -3/+7Redneck will destroy America.
- BabushkaBlue, on 09/19/2008, -2/+6This is an excellent article. This financial mess scares the hell out of me.
- MammasMilk, on 09/19/2008, -0/+4"John McCain is the one with the cool head and calming voice based on 72 years experience "
72 years eh? So he jumped out of his mother's ***** with all this experience? In kindergarten he was listening to economists? Didn't he have a story about how he got economic experience when he was a POW... or maybe I'm confusing that with all the other times he can't shut up about being a POW.
Ah ***** it, you made this too easy, I'm just going to digg your sorry ass down. - wendelgee2, on 09/19/2008, -0/+4So, your economic policy is ignore very real problems and hope they go away?
- BaldGuy, on 09/19/2008, -1/+5You mean De-Regulation. They just allowed the banks to become Legal Mafia Loan Sharks.
- AmericanElitist, on 09/19/2008, -0/+4FTA: McCain backed landmark legislation in 1999 that removed the walls between banks, investment firms and insurance companies. That bill allowed a company like AIG to expand beyond its traditional insurance business -- which is still profitable -- into exotic new products that ultimately brought the company down.
- AmericanElitist, on 09/19/2008, -0/+4you mean sky is falling like "saddam has wmds, saddam has wmds" and then saying never miiind after billions of taxpayers' money is spent, 4000+ US soldier lives are wasted and hundreds of thousands of innocent Iraqis are killed? You mean like that?
typical arrogant republican moron - LukeD, on 09/19/2008, -0/+4Wow 72 years... I'm glad to see McCain got started on policy right out of the womb. I had to waste time with high school and college and stuff. I'm also really glad they shipped some economists in while he was a POW for him to listen to and ignore.
- StarlessKnight, on 09/19/2008, -0/+3Decent, but it began to unravel at the end. Also a bit over the top, but I suppose the "Obamessiah" trolls out there might be fooled by it.
- HonestAbe, on 09/19/2008, -1/+4I think you mean "epic".
- liuite, on 09/19/2008, -1/+4songs heard at a GOP karaoke event;
McCain: I'm out of touch, I'm out of touch...
Crowd: Tell me lies, tell me sweet little lies - wendelgee2, on 09/19/2008, -1/+4I'd rather hurt his feelings than have him hurt our country.
- wendelgee2, on 09/19/2008, -0/+3That's good trollin!
- 4321234, on 09/19/2008, -0/+3You're doing it all wrong.
(Trolling, I mean). - frode77, on 09/19/2008, -2/+5Please America, don't elect this man. Prove that idiocracy is still a couple of years away! We need some time to get rid of all our US treasury bills!
- The rest of the world - ryangraziano, on 09/19/2008, -0/+3Honestly in the time we live in how cant this fossil think he can get away with lying? We have video of him saying one thing and then pandering to a crowd of people saying another. Surely even someone this dense must see how Information is so readily available to disprove all of his claims about the opposition and his economic ideas. He is a cold war relic who is growing increasingly more violent, unstable and belligerent to our allies and the most dangerous of our enemies. He truly and fundamentally does not understand how wrong he is about the state or the world and our economy. He just really wants to be president which he himself has said. He does not want to be president to advance any goal or agenda or start a crusade for what he believes should be changed he just wants the job and to hell with the consequences or the truth or you or I.
And Palin is a completely blank slate. If you are innocent comply with the "Troopergate" investigation. end of story.
My First post but I felt compelled to write something finally.
its time for a change. Obama 08 - gmacnay, on 09/19/2008, -1/+3John McClueless once stated he was a descendant of Robert the Bruce, however it is "wonderfully fiction"
http://www.guardian.co.uk/world/2008/mar/21/johnmc ...
Phony Family Tree:
http://www.guardian.co.uk/graphic/0,,2267081,00.ht ... - throop77, on 09/19/2008, -0/+2Is your point that all former employees of Fannie Mae and Lehman Brothers are incompetent?
- Steelsil, on 09/19/2008, -0/+2Because it has just been proven to work so well? Even the WSJ is afraid to let McSame manage the economy!
- robystar, on 09/19/2008, -0/+2I dugg you down.
But I'll give you a thumbs up for generation funny responses to your not-so-well-thought-out comment. "Real American Genius!" - Pillage, on 09/19/2008, -3/+5I've never heard of this man, but if he is bashing McCain it must be true!
- BotchaMcCoola, on 09/19/2008, -0/+2Where does wasteful spending, largest national debt ever, high unemployment. personal savings rate, weak dollar and high inflation fit in? Or is that Econ 201?
- Albear89, on 09/19/2008, -3/+5Dude, get off the pot or at least start smoking something stronger. This swag has you talking crazy.
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