1. says

    Both Obama and McCain support this $700 billion Bush bailout for Wall Street crooks. That’s about McSame as you can get. Why are the Democrats supporting a Bush plan? The Democrats swallowed the Bush rationale for war in Iraq, and now they are swallowing the Bush rationale for the greatest corporate/criminal bailout in history. Maybe the answer is because Wall Street has just as much money invested in the Democratic Party as it does in the Republican Party? Good for those Democratic and Republican house members who yesterday voted down this corporate welfare legislation, and there are many who should be fearing the current criminal investigation into Freddie, Fannie, AIG & Lehman, et al.

  2. 24play says

    Tell us how the crime families are involved, Hate-filled Obsessive Gay Bore!

    It always comes back to the crime families! Corruption! Evil!

  3. says

    Fannie Mae and Freddie Mac, already on a list of companies being investigated for possible accounting misstatements by the FBI, have now been served federal grand jury subpoenas.

    The two companies say they are also facing an investigation by the U.S. Securities and Exchange Commission.

    The subpoena seeks documents relating to accounting, disclosure and corporate governance matters dating back to January 2007, Freddie Mac said in a statement.

    Freddie Mac and Fannie Mae were both seized by the government and put into conservatorship Sept. 7 after mounting losses tied to subprime mortgage investments. The Treasury has agreed to invest up to $200 billion in the two companies to prevent them from collapsing.

    The grand jury subpoena came from the U.S. attorney’s office for the Southern District of New York.

  4. says

    John McCain’s theme should be the same as
    Mighty Mouse – “Here I come to save the day…”. He’s becoming the Alexander “I’m in charge” Haig of this generation.

    The Bush Administration and Republican party put the nation in this predicament. People forget that the Republican party ran Congress for 10 years, and during those 10 years, stocks began dropping and financial woes developed, yet they want to blame everything on the Democrats who have been trying to clean up the mess during the last two years.

    McCain is a continuance of the problem, not the solution.

  5. Rad says

    I honestly have to side with the house Republicans who shot down the bill. Of course, the media glommed onto “It was all PELOSI’S fault!”, when in reality, the bill was just bad legislation. Listening to the more in-depth reports coming out last night, this bail out was architected wrong from the beginning.

    Yes, it is time for government to step in, but it has to be correctly, and not just some shot-gun, maverick band-aid fix. Overall, a bailout is just wrong, but I look at when Lee A. Iacocca asked the government to loan Chrysler the money to restucture. He provided a plan and a time table. They did, he did, and he paid back the loan. I don’t hear anything like that in this scenario. All I hear is “Government, here is really bad debt that we can’t float any more. Can you buy it from us? Maybe you can collect off those notes once we bring the economy back up?”. This is just wrong.

    And hey! Look, the stock market has recovered almost 300 points so far this morning. So I wonder how much of this “doom and gloom” was made up by the power brokers still on Wall Street.

    Regulate, damn it!

  6. Gary says

    I wonder when our ‘storming of the Bastille’ will come.

    Hopefully, however, we will be able to take back the nightlife scene and bring back good drinking because we’re going to need it.

  7. Bill Perdue says

    Another four years of Bush is what we’ll get no matter who’s elected.

    “A crap sandwich.”

    That accurate picture of the bailout is from Republican House Minority Leader John Boehner. He’s pissed because he knows his party is going down in flames but he hasn’t yet figured out that that’s exactly what’s in store for the winners too. Parties have died before in US history and both of the current parties are like wounded dinosaurs; they’re just too dumb to know they’re extinct.

    It doesn’t matter when or even if the bailout passes. The damage has already been done and the economy is in a deep failure mode. It may take months or a year of two but we’re facing the worst.

    According to the US Treasury the national debt is exactly $9,889,199,531,449.08 (as of yesterday). That’s almost $10 trillion dollars and it increased by about $700 billion dollars this year because of the US war to steal oil. By the end of the year it’ll be in the vicinity of $2.5 trillion dollars higher. The math is as simple as the consequences will be catastrophic.
    www dot treasurydirect dot

    Each year the Clinton/Bush genocide goes on costs about $500 billion dollars. This weekend the Congress loaned $25 billion dollars to Ford, GM and Chrysler, but the amount was almost too piddling to be noticed. Add an absolute minimum of $1 trillion dollars for the big bailout, another $1 trillion for Fannie Mae and Freddie Mac (with out of pocket losses adding about $200 billion dollars), and $85 billion dollars for AIG. Add substantial amounts for losses and for inflation and pretty soon you’re talking real money. (That’s a joke from a description of Germans carrying baskets of million Mark notes to buy a loaf of bread. Before the Deluge, A portrait of Berlin in the 1920’s Otto Freidreich, Harper Perrenial, 1995.)

    For a year of two the left has used the term ‘looming economic crisis” but now we’ll have to stop; it’s here. The economy will be crushed under the weight of that debt. . The left will be organizing to compel the government to renounce the debt, immediately end the genocide, nationalize failed business without compensation under democratic control and use the money for social programs, to improve the infrastructure and begin a crash program to deal with the effects of the looming environmental crisis created by the unchecked degradation of programs like NAFTA and Bush’s withdrawal from the Kyoto Treaty.

  8. AggieCowboy says

    How can he “suspend his campaign AGAIN” when he didn’t suspend it previously?

    Apparently, I did miss it. His campaign certainly wasn’t suspended last week.

    Or does he mean he’s suspending his personal involvement in his own campaign again to take a nap and have dinner with Lieberman?

  9. patrick nyc says

    his brain is not healthy.

    Posted by: A.J.
    Well that goes without even saying, he is a Republican after all. What the clip shows even more is that he is showing the strain of his age. When you look at how this job ages every President can you imagine how he will look after a year? Never mind 4 years.

  10. LD says

    McCain’s “heh-heh’s” are becoming tiresome, and betray a jittery lack of confidence and more than a little desperation. And his continual reference to his own so-called maverickness and “straight-talk”–um, no. When one has to apply one’s own sobriquets, because no one’s heralding you anymore. Buh-bye.

  11. says

    It’s always a good sign of leadership when a candidate shows willingness to re-use a faux tactic (or was it a faux strategy? I get them mixed up) that completely failed and made him a pest and laughing stock the first time around. But whatever happens, it’s all Obama’s and the gotcha-media’s fault.

  12. Mark in NYC says

    Why not just suspend it until the next election?

    I totally expect him to start calling for a “do over”.

  13. sheryl says

    Guilty Party
    ACORN, Obama, and the mortgage mess.

    By Mona Charen

    The financial markets were teetering on the edge of an abyss last week. The secretary of the Treasury was literally on his knees begging the speaker of the House not to sabotage the bailout bill. The crash of falling banks made the earth tremble. The Republican presidential candidate suspended his campaign to deal with the crisis. And amid all this, the Democrats in Congress managed to find time to slip language into the bailout legislation that would provide a dandy little slush fund for ACORN.

    ACORN stands for the Association of Community Organizations for Reform Now, a busy hive of left-wing agitation and “direct action” that claims chapters in 50 cities and 100,000 dues-paying members. ACORN is where Sixties leftovers who couldn’t get tenure at universities wound up. That the bill-writing Democrats remembered their pet clients during such an emergency speaks volumes. This attempted gift to ACORN (stripped out of the bill after outraged howls from Republicans) demonstrates how little Democrats understand about what caused the mess we’re in.

    ACORN does many things under the umbrella of “community organizing.” They agitate for higher minimum wages, attempt to thwart school reform, try to unionize welfare workers (that is, those welfare recipients who are obliged to work in exchange for benefits) and organize voter registration efforts (always for Democrats, of course). Because they are on the side of righteousness and justice, they aren’t especially fastidious about their methods. In 2006, for example, ACORN registered 1,800 new voters in Washington. The only trouble was, with the exception of six, all of the names submitted were fake. The secretary of state called it the “worst case of election fraud in our state’s history.” As Fox News reported: “The ACORN workers told state investigators that they went to the Seattle public library, sat at a table and filled out the voter registration forms. They made up names, addresses, and Social Security numbers and in some cases plucked names from the phone book. One worker said it was a lot of hard work making up all those names and another said he would sit at home, smoke marijuana and fill out the forms.”

    ACORN explained that this was an “isolated” incident, yet similar stories have been reported in Missouri, Michigan, Ohio, and Colorado — all swing states, by the way. ACORN members have been prosecuted for voter fraud in a number of states. (See Their philosophy seems to be that everyone deserves the right to vote, whether legal or illegal, living or dead.

    ACORN recognized very early the opportunity presented by the Community Reinvestment Act (CRA) of 1977. As Stanley Kurtz has reported, ACORN proudly touted “affirmative action” lending and pressured banks to make subprime loans. Madeline Talbott, a Chicago ACORN leader, boasted of “dragging banks kicking and screaming” into dubious loans. And, as Sol Stern reported in City Journal, ACORN also found a remunerative niche as an “advisor” to banks seeking regulatory approval. “Thus we have J.P. Morgan & Co., the legatee of the man who once symbolized for many all that was supposedly evil about American capitalism, suddenly donating hundreds of thousands of dollars to ACORN.” Is this a great country or what? As conservative community activist Robert Woodson put it, “The same corporations that pay ransom to Jesse Jackson and Al Sharpton pay ransom to ACORN.”

    ACORN attracted Barack Obama in his youthful community organizing days. Madeline Talbott hired him to train her staff — the very people who would later descend on Chicago’s banks as CRA shakedown artists. The Democratic nominee later funneled money to the group through the Woods Fund, on whose board he sat, and through the Chicago Annenberg Challenge, ditto. Obama was not just sympathetic — he was an ACORN fellow traveler.

    Now you could make the case that before 2008, well-intentioned people were simply unaware of what their agitation on behalf of non-credit-worthy borrowers could lead to. But now? With the whole financial world and possibly the world economy trembling and cracking like a cement building in an earthquake, Democrats continue to try to fund their friends at ACORN? And, unashamed, they then trot out to the TV cameras to declare “the party is over” for Wall Street (Nancy Pelosi)? The party should be over for the Democrats who brought us to this pass. If Obama wins, it means hiring an arsonist to fight a fire.

    — Mona Charen is a nationally syndicated columnist.

  14. says

    Mona Charen is a nationally syndicated wingnut. And, um, Sheryl, what does that have to do exactly with McCain’s silly off and on campaign suspensions? Oh, that’s right, it’s troll distraction spam.