I'm a little behind here so everything is getting old too! McCain: Obama Will Trigger Another 'Great Depression'

Friday, September 19, 2008 1:54 PM

By: Rick Pedraza

Speaking to a throng of supporters Thursday night in Green Bay, Wis., Republican presidential candidate John McCain lashed out at Democratic rival Barack Obama, saying Obama’s economic policies would lead to economic ills in the United States not seen since the Great Depression of the late 1920s and early ‘30s.

“A vote for me will guarantee that the forces that have brought down our economy will be out of business,” McCain told the crowd. “I will end the corrupt practices on Wall Street and backroom deals in Washington DC. I will hold accountable those responsible for the oversight and protection of consumers, taxpayers and homeowners” he said, adding that “a vote for Sen. Obama will leave this country at risk during one of the most severe challenges to America’s economy since the Great Depression, and that’s straight talk, my friends.”

[Editor's Note: Read “Excerpts From McCain's Speech on the Economy” — Go Here Now].

McCain added: “And that’s how we see this election, country first or Obama first,” he said to repeated chants of “Country First, Country First” from the crowd.

“So when it comes to cutting taxes for seniors, for working families, for small businesses, my opponent didn’t put the hardworking people of this country first.”

For his part, Sen. Obama answered back that McCain would be the riskier choice when it comes to leading America through its economic woes.

“On Monday, he said the economy was fundamentally sound, and he was fundamentally wrong,” Obama told CBS News. “We can’t change direction with a new driver who wants to follow the same old map. And that’s what this election is all about.”

McCain accused Obama of being beholden to his party’s wishes, according to the CBS News report.

“When it comes time to reach across the aisle, work with members of both parties, to get things done for the American people, my opponent can’t name a single occasion in which he went against his party’s leadership to get something done for this country,” he said. “That’s how we see this election, country first or Obama first.”

[Editor's Note: Read “Excerpts From McCain's Speech on the Economy” — Go Here Now].

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Better late than never though.

all credibility. Clearly the damage has already been done and with much help by the neo-con congress [they were in office up until 1 1/2 years ago] and McCain's love for deregulation.

Isn't it interesting that if this bailout rescue plan works McCain thinks he should get all the credit yet when it fails he'll blame Obama. You just can't respect an idiot like that.

SG

How can he say or even know what Obama will or will not cause economically?

McCain says what he knows and doesn't know

What good does it do you to look around for someone to blame it on?

The truth is and the facts are, that a simmering pot boiled over on GW Bush and HIS watch...he has had 8 years to get with the program and do something to prevent it, yet he expects a bailout package, complete with a ton of pork to get the Republicans to buy into it, to work a miracle in a week or so!

How is that for reasonable thinking? Obama isn't the president...and he may NOT become the president. You are in a bit of a hurry to blame Obama for what we have been suffering through for the past two years, and Bush didn't do a damned thing to prevent it.

Well, it's a done deal now, and you can call it merely the 'brink', or just a recession, or anything you want to, but the facts speak for themselves....

And in case you didn't absorb what I just said (we know how slow you are at digesting facts), it has happened on the BUSH WATCH!

Too bad you can't change that, huh?!

Learn to LIVE with it...everyone else is having to deal with it, so you may as well have a healthy dose of it also.

We're just a bunch of whiners! There's nothing wrong with the economy that LESS regulation can't fix.

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If McCain has all the clout he CLAIMS to have, why didn't he do something about this econimic mess during his 26 years in the Senate? Hmmmm?

There is nothing on the face of this old earth, to compare with the Repukes failure to stand up and take responsibility for something that THEY let happen.

Always residing in the state of denial, and happy as if they had good sense!

Maybe Obama can wipe that damned smirk off a whole bunch of repuke faces.

Wait until McCain LOSES the election, and blame Obama for that....I'll DRINK to them saying that it is Obama's fault McCain lost...that won't bother me a bit. But what they will never admit, if Obama wins, is that the republicans did it to themselves! They have such a twisted, warped way of spinning and twisting things, that nothing they say surprises me anymore....in fact, one can get mighty close to predicting how they will spin anything and everything:-)

Truth is not a word in their vocabulary...but then, neither are facts. To them, one is as distasteful as the other.

He was busy taking contributions and causing the mess to begin with.

Read the Rolling Stone article. There's really nothing new in it, but it certainly shines a bright light on some of McCain's flip flops and his not-so-maverick life.

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You're saying McCain, or anyone, can't predict the disaster that Obama's STATED economic measures will bring about?

You're not thinking well. Of course, he can and it is just to ENLIGHTEN YOU to the problem and YOU can't see it.

And SG, YOU have NO idea what caused the problem. READ

Do Facts Matter?

by Thomas Sowell

Friday, October 03, 2008

Abraham Lincoln said, "You can fool all the people some of the time and some of the people all the time, but you can't fool all the people all the time."

Unfortunately, the future of this country, as well as the fate of the Western world, depends on how many people can be fooled on election day, just a few weeks from now.

Right now, the polls indicate that a whole lot of the people are being fooled a whole lot of the time.

The current financial bailout crisis has propelled Barack Obama back into a substantial lead over John McCain-- which is astonishing in view of which man and which party has had the most to do with bringing on this crisis.

It raises the question: Do facts matter? Or is Obama's rhetoric and the media's spin enough to make facts irrelevant?

Fact Number One: It was liberal Democrats, led by Senator Christopher Dodd and Congressman Barney Frank, who for years-- including the present year-- denied that Fannie Mae and Freddie Mac were taking big risks that could lead to a financial crisis.

It was Senator Dodd, Congressman Frank and other liberal Democrats who for years refused requests from the Bush administration to set up an agency to regulate Fannie Mae and Freddie Mac.

It was liberal Democrats, again led by Dodd and Frank, who for years pushed for Fannie Mae and Freddie Mac to go even further in promoting subprime mortgage loans, which are at the heart of today's financial crisis.

Alan Greenspan warned them four years ago. So did the Chairman of the Council of Economic Advisers to the President. So did Bush's Secretary of the Treasury, five years ago.

Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "de-regulation" that set the stage for the financial crisis. Do facts matter?

We also hear that it is the free market that is to blame. But the facts show that it was the government that pressured financial institutions in general to lend to subprime borrowers, with such things as the Community Reinvestment Act and, later, threats of legal action by then Attorney General Janet Reno if the feds did not like the statistics on who was getting loans and who wasn't.

Is that the free market? Or do facts not matter?

Then there is the question of being against the "greed" of CEOs and for "the people." Franklin Raines made $90 million while he was head of Fannie Mae and mismanaging that institution into crisis.

Who in Congress defended Franklin Raines? Liberal Democrats, including Maxine Waters and the Congressional Black Caucus, at least one of whom referred to the "lynching" of Raines, as if it was racist to hold him to the same standard as white CEOs.

Even after he was deposed as head of Fannie Mae, Franklin Raines was consulted this year by the Obama campaign for his advice on housing!

The Washington Post criticized the McCain campaign for calling Raines an adviser to Obama, even though that fact was reported in the Washington Post itself on July 16th. The technicality and the spin here is that Raines is not officially listed as an adviser. But someone who advises is an adviser, whether or not his name appears on a letterhead.

The tie between Barack Obama and Franklin Raines is not all one-way. Obama has been the second-largest recipient of Fannie Mae's financial contributions, right after Senator Christopher Dodd.

But ties between Obama and Raines? Not if you read the mainstream media.

Facts don't matter much politically if they are not reported.

The media alone are not alone in keeping the facts from the public. Republicans, for reasons unknown, don't seem to know what it is to counter-attack. They deserve to lose.

But the country does not deserve to be put in the hands of a glib and cocky know-it-all, who has accomplished absolutely nothing beyond the advancement of his own career with rhetoric, and who has for years allied himself with a succession of people who have openly expressed their hatred of America.

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NO, NO single person or party is totally to blame but it is pretty easy to nail the main problem!!!

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