Phuking Republicans!

[Kirkland Laing]

Of course I don't support excessive and unnecessary regu-- uh, government regulation.

Senator John McCain
NBC's Today Show
9.20 AM, September 16th, 2008



Do I believe in excess government financial regulation? Yes.

Senator John McCain
CBS’s Early Show
10.10 AM, September 16th, 2008

There's a difference between EXCESSIVE regulation and REGULATION...but hell me explaining nuance to a liberal suchas yourself is a little funny

What has YOUR BOY Obama done about it Oh he's only been a senator for 140 some working days, never had any hearings, never tried to pass any legislation to help out.

McCain IS calling for hearings he did support legislation to try and fix this situation and he's not for this mob mentality Barrack is supporting where he thinks we need to run down Wall Street with pitchforks and torches.

I think a nonpolitical committee needs to be formed and hold hearings and submit a report on what to do with the economy, guys like Warren Buffet who are smart and FULLY understand American economics as well as World economics.

Oumafan when the country is on the downslide (for the time being, I reckon the economy will pick back up relatively soon, we have one or two more companies to go belly up before then) people vote out the "incumbant party" however in this case George W. Bush isn't the only incumbant who is hurting his party Barry can thank his buddies in the DEMOCRAT run Congress and their lack of action for not rallying the voters to help him out....no those guys and gals just wanted to sit back and WAIT until W got out of office to do something and it's going to hurt them big time in November.

There is a difference between excessive and adequate regulation Lyle, but right now in the areas of the financial industry that have gone kablooey, there's zero regulation. None whatsoever. And the man you can mainly thank for that is Phil Gramm, who is now one of McCain's economic advisors and a longtime friend of his going back to the Keating financial scandal that McCain was involved in. Gramm authored a bill that scrapped the regulations the Democrats brought in after the 1929 crash and then another one that allowed mortgages to be securitised and sold by their originators to investors without any regulation, the exact thing that is causing the current meltdown.

But there was still a bunch of domestic Federal and State regulations that would have kept the meltdown from ever getting big enough to do much damage, domestic regulatory bodies that were set up to protect the system. But in the same way that Bush appointed an Exxon lobbyist to run the Environmental Protection Agency, he used the same fox/henhouse strategy to staff these regulatory bodies, appointing banking lobbyists to run them. Here's what they did to banking, mortgage and consumer protection regulations :




I'm guessing the Obama people could use that in an election ad. It's not every day that the people you're running against hold a press conference where they chainsaw a stack of banking and mortgage regulations and pictures paint a thousand words, don't they?

Obama sponsored a bill to increase oversight in the mortgage industry but it was voted down by the GOP. I'd be interested to see any evidence of McCain ever being pro-regulation of anything. He's given plenty of interviews over the years saying exactly the opposite, and I'm certain this "pro-regulation" position is yet anothe rlie of his.

If the media ever reported reality in the States then pitchfork futures would be a sound investment.

Why do you think the economy is going to improve?

Buffet supports Obama for election. That's because obama is the candidate with non-insane economic policies.