Wednesday:
"I didn't want to do that. And I don't think anybody I know wanted to do that. But there are literally millions of people whose retirement, whose investment, whose insurance were at risk here," the Republican presidential nominee told ABC News' Robin Roberts, sounding somewhat accepting of the Fed's action on AIG.

"They were going to have their lives destroyed because of the greed and excess and corruption," McCain said.

Friday:

STOP WITH THE BAILOUTS!

Ignore where I said we needed to do it because people were going to have their lives ruined.

Meanwhile, Democrat leaders Pelosi and Reid are hiding.

Pocket Ninja: The Arizona senator neglected to say that some of his closest advisers had ties to or lobbied for the home loan giants.

dude, it's not like he voted for the massive deregulation bill that facilitated this collapse.

Nemo's Brother: Meanwhile, Democrat leaders Pelosi and Reid are hiding.

actually they are working round the clock hammering out the details of the bailout in a bi-partisan manner with the other members of congress.

I'm sure that McCain's 83 Wall Street Lobbyists that work for him are pleased with the bailout

You're not fooling anyone, old man.

No, really. A voice of reason in the wilderness ELECTION SEASON

That "reason" will stop once the party bosses start calling the shots for President McCain.

Nemo's Brother: Meanwhile, Democrat leaders Pelosi and Reid are hiding.

Psst, maybe it's quiet enough around here to toss the Frank Raines thing on the table and hope nobody checks into it. Go for it, dude. It's just your style.

Mordant: Psst, maybe it's quiet enough around here to toss the Frank Raines thing on the table and hope nobody checks into it. Go for it, dude. It's just your style.

I heard Obama has taken more money from Fannie and Freddie than anybody in the history of the senate.

ah, he's opposed to it today? i thought he said it was necessary yesterday. but that's mccain - mr. flip-flopper.

looks like the WSJ taking him to the woodshed stung a bit. glad to see a candidate so willing to switch his positions at the drop of a hat. that's some "straight talk" there, johnny.

Oh yeah, because letting all the major banks and the corporations that control half of America's mortgages fail is a way better option.

They're trying to keep this from getting any worse than it already is. And they probably should have created some contingency plans before instead of that going through with the ridiculous stimulus check idea.

Wonder if Bush is regretting running a ridiculously huge deficit while cutting taxes for most of his presidency now and running up the national debt. How did this guy survive the basic econ classes he would have had to take at Yale and Harvard?

Nemo's Brother: Meanwhile, Democrat leaders Pelosi and Reid are hiding.

ROFL ok buddy.

stopping the bailouts entirely is not a reasonable position. unless you want them to drag the world economy down with them, of course.

We really shouldn't be bailing them out. It's only postponed the problem. The inevitable is the inevitable and now people and government will still continue to live large beyond their means, for a little while longer.

Now go buy an iPod and party up.

McCain is starting to sound like Kucinich or Edwards now.

burndtdan: stopping the bailouts entirely is not a reasonable position. unless you want them to drag the world economy down with them, of course.

I kind of think of it this way: you have a roommate who's just told you that he blew his half of the month's rent betting on football games. You've got to pay the whole rent yourself this month. You can rip your roommate all you want, but your landlord wants every penny of the rent.

So the larger question then becomes: what do we do to prevent this from happening again?

jake_lex: burndtdan: stopping the bailouts entirely is not a reasonable position. unless you want them to drag the world economy down with them, of course.

I kind of think of it this way: you have a roommate who's just told you that he blew his half of the month's rent betting on football games. You've got to pay the whole rent yourself this month. You can rip your roommate all you want, but your landlord wants every penny of the rent.

So the larger question then becomes: what do we do to prevent this from happening again?

You pay the rent and bail out your roomate, again and again and again. That way he'll learn to manage his money better. See how easy that is?

well at least McCain didn't get to put Social Security on the market.

kinda makes you think a lockbox might be in order.

Maybe Obama should dust that one off.

jake_lex: So the larger question then becomes: what do we do to prevent this from happening again?

public hangings come to mind

Oh there he goes getting all mavericky.

quickdraw: Oh there he goes getting all mavericky.

Less Mavericky than realizing that a lot of real fiscal Conservatives oppose the bail outs, and realize that quasi-nationalization of the markets is a dangerous trend. And with an election coming up, he may actually want them around...

jake_lex: burndtdan: So the larger question then becomes: what do we do to prevent this from happening again?


apparently it's as simple as voting Republican.

bulldg4life: Wednesday:
"I didn't want to do that. And I don't think anybody I know wanted to do that. But there are literally millions of people whose retirement, whose investment, whose insurance were at risk here," the Republican presidential nominee told ABC News' Robin Roberts, sounding somewhat accepting of the Fed's action on AIG.

"They were going to have their lives destroyed because of the greed and excess and corruption," McCain said.

Friday:

STOP WITH THE BAILOUTS!

Ignore where I said we needed to do it because people were going to have their lives ruined.

The official Republican mascot should be changed to a weathervane.

bulldg4life: I heard Obama has taken more money from Fannie and Freddie than anybody in the history of the senate.

I heard he has a black baby.

Thus far, the bail outs have been a necessary evil, but the at some point, this needs to be an anomaly, not a trend. Having the government invest heavily in the finance sector is not something we should encourage.

Lack of proper regulation got us into this mess, and gosh darn it lack of proper regulation will get us out of it.

bobbette:
Wonder if Bush is regretting running a ridiculously huge deficit while cutting taxes for most of his presidency now and running up the national debt.

How did this guy survive the basic econ classes he would have had to take at Yale and Harvard?

(A) Does your dog regret taking a dump on the patio last week? Does he even remember it?

(B) He wrote "My name is George Bush and my daddy is..." on the test and walked out. That's how.

More_Like_A_Stain: bulldg4life: Wednesday:
"I didn't want to do that. And I don't think anybody I know wanted to do that. But there are literally millions of people whose retirement, whose investment, whose insurance were at risk here," the Republican presidential nominee told ABC News' Robin Roberts, sounding somewhat accepting of the Fed's action on AIG.

"They were going to have their lives destroyed because of the greed and excess and corruption," McCain said.

Friday:

STOP WITH THE BAILOUTS!

Ignore where I said we needed to do it because people were going to have their lives ruined.

The official Republican mascot should be changed to a weathervane.

I think this is more apropos...

/shameless stolen

Apparently Fark didn't like that version...

/still stolen
//at least I'm hosting it myself

McCain knows that in order to pay for all this, increasing taxes may be inevitable. Regardless of who wins.

But it's OK, McCain will pull another petal off the flower and tomorrow it will be a different story.



"Bail out. Don't bail out. Bail out. Don't bail out."

While I agree that bailouts in general is a bad thing, bailing out banks is another thing. We kinda need those.

Put the regulations back in place to keep the risky investing separate from the actual banking.

"You know, you can see a bank from Alaska, from an island there"

SpaceyCat: While I agree that bailouts in general is a bad thing, bailing out banks is another thing. We kinda need those.

Put the regulations back in place to keep the risky investing separate from the actual banking.

I've never been happier to be a credit union member.

Diogenes:
I've never been happier to be a credit union member.

Some credit unions have a lot of real estate loans on their books.

Be careful what you wish for.

Nabb1: Thus far, the bail outs have been a necessary evil, but the at some point, this needs to be an anomaly, not a trend. Having the government invest heavily in the finance sector is not something we should encourage.

I think that's exactly what we're going to see however. Nobody inside the beltway wants the boomers to lose their investment portfolios right before they're set to retire. They don't take that sort of setback very well and would be very, very, unhappy. Unhappy boomers with no money during an election year could be bad for business.

bobbette: Wonder if Bush is regretting running a ridiculously huge deficit while cutting taxes for most of his presidency now and running up the national debt. How did this guy survive the basic econ classes he would have had to take at Yale and Harvard?

Legacy.

our savior!


/first thing i thought seeing the pic

What's the matter, subby, is the Hero tag off serving at the pleasure of the Senator or something?

The people who will decide this election know by now that McCain is a flailing liar. Game over, biatches. Game.Over.

"Voice of reason"...riiiight. If the banks aren't bailed out, at least to some extent, the economy will be in trouble. The real problem is the lack of regulation, which McCain likely won't do anything about.

it's great to say you want to stop the bailouts, but you're cutting off your nose to spite your face--they're being bailed out because the alternative is worse.

GaryPDX: jake_lex: burndtdan: stopping the bailouts entirely is not a reasonable position. unless you want them to drag the world economy down with them, of course.

I kind of think of it this way: you have a roommate who's just told you that he blew his half of the month's rent betting on football games. You've got to pay the whole rent yourself this month. You can rip your roommate all you want, but your landlord wants every penny of the rent.

So the larger question then becomes: what do we do to prevent this from happening again?

You pay the rent and bail out your roomate, again and again and again. That way he'll learn to manage his money better. See how easy that is?

So what the hell are you arguing here? To fark everyone?

Bailouts are stupid but unfortunately this one seems necessary. There will be tougher regulations on these companies now in hopes of stopping it from reoccurring.

So what do you propose? Just letting the banks fall one by one until we're back in the depression? How can you be so for "doing everything" when it comes to energy but not when it comes to keeping our economy afloat?

El_Dan: "Voice of reason"...riiiight. If the banks aren't bailed out, at least to some extent, the economy will be in trouble. The real problem is the lack of regulation, which McCain likely won't do anything about.

I don't know. He either will or he won't. It really depends on the day and whether or not he's feeling particularly angry today.

El_Dan: "Voice of reason"...riiiight. If the banks aren't bailed out, at least to some extent, the economy will be in trouble. The real problem is the lack of regulation, which McCain likely won't do anything about.

No the problem is the half assed way we go about things. If there was a complete deregulation, then banks would act in their best interests and not loan to people who are bad credit risks. If we regulate effectively we have to cover the losses from forced bad loans. We tried to half ass it during the last 16 years. We farked it all up. shiat or get off the pot.

Megain: our savior!

/first thing i thought seeing the pic

i thought, "wow, his hands are way up over his shoulders in that picture"

Obama: "We need a more institutional response to create a system that can manage some of the underlying problems with bad mortgages, help homeowners stay in their homes, protect the retirement and savings of working Americans."

It sounds like somebody wants us renters to help pay for some idiot's mortgage. Hmmmm.... how about no?

Thank god McCain didn't suggest to privatize social security or he would of let millions of retires retirement money just go down the toilet.

Oh wait he did!!

He thinks you should of paied for the Republican'a bad decisions. what a suprise.

It's almoast like he wants to fund corporations more than he cares about average people having retirements. It's like all his staff is made of corporate lobbists.

Imagine that.

FlashHarry: ah, he's opposed to it today? i thought he said it was necessary yesterday. but that's mccain - mr. flip-flopper.


It used to be he'd flip flop every other month, now it's like every other day. By late October, I fully expect to see him flip flopping mid speech.

"I was and am fully for this and I voted for it!"

20 minutes later

"I've always been against it and voted against it!"

voodoorat: it's great to say you want to stop the bailouts, but you're cutting off your nose to spite your face--they're being bailed out because the alternative is worse.

Negative Ghost Rier the pattern is full. If we allowed badly run businesses to fail then better run businesses would succeed. This is what we need. Let these crappy run businesses fall to the wayside. We will be better off in the long run.

bobbette:
Wonder if Bush is regretting running a ridiculously huge deficit while cutting taxes for most of his presidency now and running up the national debt. How did this guy survive the basic econ classes he would have had to take at Yale and Harvard?

There's a reason why never before in history has a president declared war and not raise taxes, let alone cut taxes.