Thursday, September 25, 2008

McCain's Cynicism Poisoning The National Soul

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-by DeCay

I've always been afraid of cynicism creeping into my soul and poisoning my life. And I look for clues every day in my thoughts and actions and try to overcome the creep. When I saw John McCain's 
latest move, my heart dropped in the face of the level of cynicism he injected into our national experience. Does he truly have no idea of the importance of the debates to our process, no sense of how important-- whether he does well or not-- it is for us to see the candidates together, face to face?

No matter what our preferences or the dire conditions we are facing, we base our continuity as a nation on the process continuing unabated through the confusion; that process is where the possibility of real change lies. And as one of our two candidates for President, Mr McCain owes us the debates, Presidential and Vice-Presidential. It seems to me to be the most important democratic process outside of actually voting and serving.

No matter what the economic situation, or esp because of the economic situation, I want to see and hear the dialog that my future president engages in-- how he sounds, what his demeanor is under fire, what his ideas are in real-time, face-to-face, and not from Washington. In the open, unprotected, in a word-- leading.

Mr. McCain has decided to take that moment from me, my family, and from the public he would lead. He wants the power, but doesn't want the responsibility that goes with it. And, he wants to hide that fact under the cloak of stepping up to assume another "greater" responsibility. The irony of course is that he'd be stepping up to be responsible for solving a crisis he was instrumental in creating, and for which he will take no responsibility.

I'm trying to imagine what Barack Obama must be feeling. If I were Mr Obama, I'd be staring into a vacuum of Mr. Bush's irresponsibility and Mr. McCain's complicity in it all, and feeling the momentum of events rushing at me, and gathering my courage to slow it down and try to turn it around should I be given the responsibility to manage it.

Mr. McCain is not only trying to pull the rug out from under Mr. Obama, he's now trying to upend us all, in the cause of his and his handlers' winning. Mr McCain is not leading us. He is misleading us, and endangering our most fundamental process.


UPDATE: PUT MITT ROMNEY IN CHARGE????

Just before McCain ambled off to Washington-- and then finds and gets reacquainted with his office-- so he can parachute in on the ongoing negotiations and mark the bailout with his scent, he rushed over to NBC, presumably not part of his "suspended" campaign. We were appalled to hear him suggest that predatory capitalist, Mitt Romney-- one of the nation's worst outsourcers and a veritable one man machine of Americans job destruction-- be given some role in overseeing the $700 billion. But even worse, was McCain's admission that he hadn't even read the three page bill he's jumping up and down over! Watch:

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3 Comments:

At 1:22 PM, Anonymous Anonymous said...

They have no shame. They have no sense of how evil they look. The information age has left them reeling.

 
At 8:34 PM, Blogger MAN said...

You are all a bunch of disillusioned idiots.

The bailout

Fannie Mae is a GSE (Govt. Sponsored Entity) regulated by Congress.
Fannie Mae buys mortgages from other companies.
It is backed by the taxpayers for all losses, but keeps all profits.
President Clinton loosens Home Loan Requirements.

Banks begin making thousands of bad loans,0 down, no documentation, for 120%! (1998 – 2008).
Executives at Fannie receive huge bonuses if loan targets are met.
Franklin Raines and Jamie Garelick from the Clinton Administration are appointed to run Fannie Mae.

President Bush proposes a new oversight committee to clean up Fannie Mae, but Democrats derail the effort.

Rep. Melvyn Watt, (D-NC) Committee on Financial Institutions & Consumer Credit. stated, “I don’t see much other than weakening the bargaining power poorer families to get affordable housing.”

Raines earns $100 million in bonuses.
Garelick earns $75 million in bonuses.
In 2004, Enron collapses, congress investigates, Executives Skilling & Lay go to jail, for fraudulent bookkeeping.
Congress responds with the Sorbanes-Oxley Act, more heavy regulation of corporations.

An OMB investigation finds massive fraudulent bookkeeping at Fannie Mae.
False numbers triggered executive bonuses every year.
Congress holds no hearings, no one goes to jail, or is punished.
WHY NOT?

Fannie Mae gives millions to Democratic causes, examples: Jesse Jackson & ACORN.
Fannie Mae pays millions to 354 congressmen and senators, from both parties.
Who got the most money?
#1 Sen. Christopher Dodd, (D-CT) Chairman of the Banking, Housing, & Urban Affairs Committee
#2 Sen. Barack Obama, (D-IL)
Federal Financial Management Committee

#3 Sen. Chuck Schumer, (D-NY)
Chairman of the Finance Committee
#4 Rep. Barney Frank, (D-MA)
Chairman of the House Financial Services Committe
Franklin Raines & top execs are forced to resign from Fannie Mae.
They do not go to jail.
There is no media “perp. walk.”
They keeps all of their bonuses
They finally pay $31.4 million in civil fines.

The Federal Housing Enterprise Regulatory Reform Act is sponsored by:#325 Sen. John McCain, (R-AZ)
Armed Services, & Commerce, Science, & Transportation
He said “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”

None of the top 4 recipients support the legislation.
The reform act is blocked by Democrats, never even making it out of committee.
None of the politicians return any of the money, tainted by fraud
Fannie Mae & Freddie Mac go bankrupt and the govt. takes them over completely.
Lehman Brothers, goes bankrupt from investing in bad mortgages.
AIG get $85 million in loan guarantees, after insuring bad loans & projects.
Taxpayers will ultimately pay BILLIONS.
Who's fault is that???

Just so you all know, Franklin Raines is now an advisor to the Obama Campaign which wants the govt. to take over more of the economy.
Did government involvement in the mortgage market work out?
How will even MORE government involvement make it better? Do you want to be Sweden?
McCain favors revising regulations & loan standards, selling off Fannie & Freddie.

Go ahead and look it up, then deny it. If you deny the truth, then you are truly blind

My sources are the Congressional Record, 5/25/06
Herald Tribune, 4/18/08 and
New York Times, 9/13/03
www. govtrack.com, 9/17/08

 
At 9:04 PM, Blogger MAN said...

You are all a bunch of disillusioned idiots.

The bailout

Fannie Mae is a GSE (Govt. Sponsored Entity) regulated by Congress.
Fannie Mae buys mortgages from other companies.
It is backed by the taxpayers for all losses, but keeps all profits.
President Clinton loosens Home Loan Requirements.

Banks begin making thousands of bad loans,0 down, no documentation, for 120%! (1998 – 2008).
Executives at Fannie receive huge bonuses if loan targets are met.
Franklin Raines and Jamie Garelick from the Clinton Administration are appointed to run Fannie Mae.

President Bush proposes a new oversight committee to clean up Fannie Mae, but Democrats derail the effort.

Rep. Melvyn Watt, (D-NC) Committee on Financial Institutions & Consumer Credit. stated, “I don’t see much other than weakening the bargaining power poorer families to get affordable housing.”

Raines earns $100 million in bonuses.
Garelick earns $75 million in bonuses.
In 2004, Enron collapses, congress investigates, Executives Skilling & Lay go to jail, for fraudulent bookkeeping.
Congress responds with the Sorbanes-Oxley Act, more heavy regulation of corporations.

An OMB investigation finds massive fraudulent bookkeeping at Fannie Mae.
False numbers triggered executive bonuses every year.
Congress holds no hearings, no one goes to jail, or is punished.
WHY NOT?

Fannie Mae gives millions to Democratic causes, examples: Jesse Jackson & ACORN.
Fannie Mae pays millions to 354 congressmen and senators, from both parties.
Who got the most money?
#1 Sen. Christopher Dodd, (D-CT) Chairman of the Banking, Housing, & Urban Affairs Committee
#2 Sen. Barack Obama, (D-IL)
Federal Financial Management Committee

#3 Sen. Chuck Schumer, (D-NY)
Chairman of the Finance Committee
#4 Rep. Barney Frank, (D-MA)
Chairman of the House Financial Services Committe
Franklin Raines & top execs are forced to resign from Fannie Mae.
They do not go to jail.
There is no media “perp. walk.”
They keeps all of their bonuses
They finally pay $31.4 million in civil fines.

The Federal Housing Enterprise Regulatory Reform Act is sponsored by:#325 Sen. John McCain, (R-AZ)
Armed Services, & Commerce, Science, & Transportation
He said “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”

None of the top 4 recipients support the legislation.
The reform act is blocked by Democrats, never even making it out of committee.
None of the politicians return any of the money, tainted by fraud
Fannie Mae & Freddie Mac go bankrupt and the govt. takes them over completely.
Lehman Brothers, goes bankrupt from investing in bad mortgages.
AIG get $85 million in loan guarantees, after insuring bad loans & projects.
Taxpayers will ultimately pay BILLIONS.
Who's fault is that???

Just so you all know, Franklin Raines is now an advisor to the Obama Campaign which wants the govt. to take over more of the economy.
Did government involvement in the mortgage market work out?
How will even MORE government involvement make it better? Do you want to be Sweden?
McCain favors revising regulations & loan standards, selling off Fannie & Freddie.

Go ahead and look it up, then deny it. If you deny the truth, then you are truly blind

My sources are the Congressional Record, 5/25/06
Herald Tribune, 4/18/08 and
New York Times, 9/13/03
www. govtrack.com, 9/17/08

 

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