McCain's plan to help struggling homeowners: Fill out paperwork at the post office
By SilentPatriot Monday Apr 14, 2008 12:50pm
In what was being billed as a "major speech on the economy," Senator McCain today laid forth an, um, underwhelming plan to help the tanking American economic system. In addition to the conservative staple of cutting corporate tax rates, St. McCain proposed a bold plan to help Americans who are having trouble paying their mortgages. His solution: fill out a form at the post office. I kid you not. When it comes to high energy costs, McSame revives a 10 year old Bob Dole plan to suspend federal taxes on gasoline over the summer. Never mind that he wants this plan to go into effect this summer, a whole six months before his term as President would begin. CNN's Ali Velshi breaks down the specifics (or lack thereof) of McCain's plan.
Download | play 
Download | play
When John McCain admitted that he didn't understand the economy, he wasn't kidding. The absurdity of his housing "plan" speaks for itself, but his summer gas holiday plan underscores a fundamental misunderstanding of the energy problems this country faces. Instead of advocating a bold, sweeping plan to wean the country off foreign oil -- which is the root of many of our problems far beyond high gas prices at the pump -- he dusts off a decade-old plan that would have a marginal effect for a short period of time.
Memo to McCain: The last thing you should do -- especially in light of this article in NY Magazine -- is propose anything similar to Dole.
John Amato: And I won't even get into his opposition of the new GI Bill at this time....
Login or Register to post comments.
Why should we help struggling homeowners? Because they bought a house they couldn't afford? How about struggling renters that didn't do that and have to suffer with inflation?
He spews he wants to hold government accountable but does not have the guts to do it in Senate for w and cheney.
heaven forbid you have to go to the post office!
Oh shit, he really is Bush III.
A la economic stimulus package, $300 tax bonus, the "surge", [insert long Bush policy list here]
kevin @ 1:
The third question answers your first.
As ABC News helpfully reminds us, April 15th is John McCain Tax Flip-Flop Day. McCain, as you'll recall, twice voted against President Bush's budget-busting tax cuts for the richest Americans who need them least. But having undergone a supply-side conversion on the road to the White House, John McCain now wants to make them permanent.
For the details, see:
"April 15th is John McCain Tax Flip-Flop Day."
WARNING***
you will be hearing, and reading more and more about our poor, poor, poor corporate overlords from the GOP and mccain. they will lament over the high corporate tax rate, claiming that the poor corporations are being mistreated. they will demand that public services be cut so that we can cut the corporate tax rate, in order to be more competitive. (nevermind that corporations are moving their operations overseas for cheap labor, scant labor laws, and non-existent environmental laws)
the GOP is going to make a reduction of corporate taxes a staple of their 08 platform. they want people to think that corporations are being treated unfairly, after you stop laughing at the absurd claims remember something: they are not telling you the full truth *gasps*
and consider one more thing:
since the 80s our economic policy has been dominated by the market fundamentalists, neoliberals, reaganites, and "fiscal conservatives." look at what their policies have wrought. we are worse off. yet, they still want you to heed their advice.
If you fill out a form for tax free gas in the post office
The next thing you know you're in the Army.
(Never mind we don't pay much in gas taxes; most of the taxes are VAT's so favored by the reichwing, already built into the price.)
Raising the gas tax might do more to help us with oil supply and prices than any foolish tax cut would.
I like the Hardball ad on the right: "and you know Matthews will ask McCain the tough questions."
Hahahahahahahahahahaha!
As one who did NOT buy a house during the "boom" (ie, bubble) out of concern that things would go south quickly-- despite the availability of "free money" and despite ridicule from others that I wasn't hopping aboard the house-flipping gravy train, I have not all that much sympathy for those who have gotten themselves into trouble.
Calling them "homeowners" who are losing their house is disingenuous. They do not own their homes. "House speculators" maybe.
Still in an apartment,
B
kevin @ 1:
Why did they buy a home they couldn't afford? Think it had anything to do with a greedy industry that convinced them they could afford it?
I'm glad we can find the federal funds to bail out a mortgage merchant, but we have no money to help the common person.
He is advocating a bold, sweeping plan to ween the country off foreign oil....you just don't get it.
HOT AIR.
The official renewable energy source of the GOP.From what I hear we have an endless supply beacause no one else wants it.
Cut taxes?
I'm in! This guy is the real deal.
Signed,
Stupid Murkin
McCain offers an incoherent pile of nonsense and he's "getting closer to specifics".
Democrats put out a detailed plan and it's completely ignored, and asked repeatedly why they "don't have a plan".
I have a sense that McSame is on the way to a complete mental meltdown. I just hope he waits to implode until after his nomination is finalized.
Why am I paying to bail out some homeowner who got in way over his head??? Boo f*cking hoo. If you're too damn dumb to understand the responsibility you're undertaking, that's your problem. Don't come crying to me looking for a hand out.
You fools- don't you see, if the gas tax is suspended, it's MONEY$ in our pocketses. And we'll have John McCain to thank for it! We'll virtually owe him our votes then, for getting us more MONEY$ in these less-moneyed times!
Well, the stupid people will, anyway...
Federal Gasoline tax is a whole 19 cents a gallon, whoop-de-shit!
solid @ 10:
LOL, Tweety with his man crush St. McCain. It's going to be a 1 hour asskissing session.
Hopefully Villanova's students will really get a chance to pound McLame on his views and show how out of the American mainstream he really is.
The Truth Hurts @ 17:
speaking of dumb...
if you were a homeowner, say one that was not in risk of losing your house, you should/would realize that mass foreclosures hurt YOUR home's value.
and no one is looking to "you" for a handout, that cliche is so friggin dumb.
I listened to the whole clip. Did I miss the post office part?
The Truth Hurts @ 17:
mmmkay...
What about the effects of the widespread problem mmkay?
The economy is getting effed up and somehow turning our backs will make it better?
kevin @ 1:
You don't get it. It's not a question of helping a bunch of undeserving dummies who bought too much house with too little equity.
What MUST happen is that the financial system, which still runs on regualtions written in the 1930s, has to be comprehensively re-regulated. All those idiots who signed dumbass subprime contracts were only able to do so because the banks and mortgage companies threw their old lending standards out the window. It used to be that banks held mortgages to maturity, which meant they had to eat bad loans. Then the Wall St. brokerage houses figured out how to securitize mortgage loans, so the mortgage lenders sold their portfolios to bondholders. There were no regulations to enforce lending standards. Everybody involved made huge commissions and fees on this little scheme. The lenders said to themselves, 'Hey, I don't have any risk any more - if the mortgages go bad, it's the boldholders' problem. Yippee!!'. Result: anybody with a pulse could get a mortgage, sometimes for more than the value of the property, principal payments deferred for years, and other insane gimmicks.
Don't blame the borrowers, blame the brokers, banks, CEOs and the government.
An 18 cent cut in gas prices would put us back to 2 weeks ago, for a few days. The dollar would then drop, and gas would continue to climb in price. Its the result of 8 years of Bush/Republican shock and awe: borrow, lie, kill and spend.
McCain to Nation - "Get a horse."
"Why should I bailout homeowners, blah, blah..."
Ahh, I see some of the troglodytic right has made their way over here feigning indignation about helping out their fellow Americans. Surely, these upstanding principled rightwingers were just as outraged that we bailed out a brokerage firm using tax dollars.
That's the problem with the cons. They have no problem socializing corporate losses but a huge problem with socializing losses for individuals.
kevin @ 1:
Ken, when you retire be sure to decline your SS check and if you're ever unemployed best of luck...why should I and the rest of us help YOU...obviously you would have lost your job due to your own incompetence.
Samson- @ 21:
I gotta defend the original post. Sorry if defaulting borrowers bring down the values of homes in your neighborhood, including yours-- but if those other houses were valued too highly as a result of the bubble, that means the value of your home SHOULD go down too as its worth was overestimated. In other words, your house *never* was worth what you thought it was worth-- it gained its perceived value from the other houses. But since those homes were artificially inflated due to the bubble, you're gonna have to accept the true value of the house. You don't get to pick and choose the market value any more than the defaulting homeowners do.
B
Grandpa...I can't get to the Post Office...too far...and the Pony Express is too expensive.
kevin @ 1:
I bought a house in '93 and avoided the ARM exactly because I KNEW it would come back to bite me later on. I deliberately saved enough to put down so my payments would be within my budget. From 2000 to 2007 people in Socal were buying up whatever they could for vastly inflated prices, betting on the equity to compensate for the astronomical payments. I have little sympathy for the homeowners who bought from these predatory lenders thinking they were going to make a killing in the market. Caveat Emptor.
There are thousands of people who purchased "Cheap" homes in the inland valleys and deserts of Socal during this time, even though they had to commute 1-2 hours one way to work in San Diego or LA. Now they are getting the double whammy in lower home values and higher gas prices. Plus you MUST have a/c out there in the summer, so the utility bills will run around $300/ month on average.
U.S. bankruptcies soared 38 percent in 2007: government Reuters - 1 hour, 3 minutes ago
I blame both. I personally watched people buy houses out of greed- houses they could not afford. I heard talk in elevators from people hyping the crap out of each other about free loans and flipping and all that. Many-- not all or necessarily even most, but certainly MANY people bought homes irresponsibly, and to bail them out at taxpayers expense creates moral hazard and punishes those who were responsible during a 10-year period of mass dare I say insanity.
B
The real joke is this is supposedly the second "major" speech this old douchebag has given about the foreclosure crisis and it's still nothing but empty rhetoric. McSame has absolutely nothing to offer the American people.
While I will NEVER dispute that the banks are a huge part of the problem,
MURKINS ARE STOOPID!
Yeah, let's cut more taxes and not pay for it. Put it on our tab, let someone else pay for it. When the nations credit card gets maxed out, just raise the limit again. Simple! When are people going to wake up the right-wing tax cut lie? They habitually try to scare the hell out of people with the standard "they're gonna raise your taxes!" line. Hey they haven't raised your taxes, right? No, they've only created an economy where you're paying 3 times more for food, for energy, for everything. But they didn't raise your taxes, so they must be on your side...
Bored @ 11:
Yeah, your mom's!
Maybe if we promise him his own room at the nursing home with occasional conjugal visits from his rich trophy wife McBush will eventually just go away.
Oh, you burned me good. Yeah I'm living in my mom's apartment. Thanks for the keen commentary.
B
.
So McFish now thinks there IS a problem with the economy?
.
Besides:
"Property is theft"
John Reed
I can't afford the gasoline to get to the Post Office.
Besides:
My house is free & clear but it has lost 25% in value since the debacle began.
Mad Max Inflation
Bored @ 11:
How many times are you going to post this same statement? It seems like a daily thing with you.
Great, so you pay some landlord's mortgage. You seem very proud. I am a homeowner and actually have equity in my property (http://en.wikipedia.org/wiki/Equity), just like your landlord.
L.A. Confidential @ 31:
And a merry old time they are having in Bankruptcy Court, thanks to Clinton/McCain et al.
Samson- @ 7:
This is why I'm an embittered American.
McCain concluded his press conference with, "Now all yall young uns git offa ma lawn!"
Oil pushes to new high above $113; gas prices also at record.
Let's just let the "gamblers" continue to destroy the country without any checks or balances.
The article says:
"Never mind that he wants this plan to go into effect this summer, a whole six months before his term as President would begin...Instead of advocating a bold, sweeping plan to ween the country off foreign oil...he dusts off a decade-old plan that would have a marginal effect for a short period of time."
Of course this plan goes into effect "six months before his term as President would begin." That's just the point, isn't it? This is a plan to create a short-term dip in gasoline prices right before the election. That's bound to favor the incumbent party, no?
Required @ 34:
You've got it. Anytime they talk about cutting taxes, what they really mean is a shift in the tax burden be it from rich to poor or from this generation to the next generation but it's nothing but a parlor trick at best that too many Americans fall for.
Ash"Hussy"Williams @ 5:
How is the government expanding the monetary base to save home owners not going to lead to inflation, and more deficits? Are the various tax write offs on home ownership not a factor in fiscal deficits?
Jonny at the Cape @ 46:
Grandpa already thinks he's President. Alzheimer's is such a tragic disease.
kevin @ 1:
Mortgage rescue schemes don't take into account the basic fact that nobody knows who the lending parties to all those distressed mortgages really are. (Hint: they're not the "servicing" companies who send out the default notices.)
Slaw @ 12:
Why did they buy a home they couldn't afford? Think it had anything to do with a greedy industry that convinced them they could afford it?
Of course it did. But consider that a LOT of these "poor struggling homeowners" are greedy flippers that got stuck and failed at their own game. Our tax dollars do not need to go to propping these people (and the housing bubble) for one second. They'll lose their houses, walk away from hundreds of thousands of dollars of debt, and rent for much cheaper. They'll be just fine. The fed needs to stop killing the dollar. THAT is what will put us all in the poor house.
Liberal AND Proud @ 49:
Diebold hasn't been on the public radar screen for quite some time now. And of course the Supreme Court is always ready to step in now if an election is to close to call and needs to be settled by their new "fair and balanced" method.
Slaw @ 12:
It had EVERYTHING to do with that. And they we're also told don't worry about the re-adjustable, it's never going to happen. Now just sign right here and you are the Proud "Owner" of a brand new American Dream Home.
Liberal AND Proud @ 28:
Ken, when you retire be sure to decline your SS check and if you're ever unemployed best of luck...why should I and the rest of us help YOU...obviously you would have lost your job due to your own incompetence.
It's kevin, not ken. I won't have to decline my SS check because the money is gone, so don't worry about that. And me giving up my SS has nothing to do with people that bought houses they couldn't afford. Greedily they assumed the value would keep going up. They need no bailout. The losers are the schmucks that bought in 2005 on a fixed rate loan that are watching the values of their houses plummet, probably to half what they paid, and will remain slaves to their expensive mortgages for decades. Bleeding hearts like you want to reward people for their greedy and stupid mistakes by bailing them out, so be it. Just not with my tax dollars.
L.A. Confidential @ 45:
When oil hits $1,000 a barrel does anyone think we may hear the word 'conservation' again.
In 1973 during the first 'oil shock' I had just purchased a new Fiat, great engineering, terrible production quality control. It got well over 30 mpg which was as good as there was in those days.
I was traveling a lot and I remember now still clearly, passing the many gas stations with cars backed around the corner, waiting with ENGINES RUNNING.
For a brief period there actually was progress towards conservation. But it wore off.
Today, not many cars get over 30 mpg (my ten year old Honda Civic HF gets 45!) and you pass many fast food joints with cars lined up waiting, ENGINES RUNNING.
In Detroit, they do not permit mass transit. They will learn.
We have made our bed in this country and we are going to get to lie in it.
kevin @ 54:
It's kevin, not ken. I won't have to decline my SS check because the money is gone, so don't worry about that. And me giving up my SS has nothing to do with people that bought houses they couldn't afford. Greedily they assumed the value would keep going up. They need no bailout. The losers are the schmucks that bought in 2005 on a fixed rate loan that are watching the values of their houses plummet, probably to half what they paid, and will remain slaves to their expensive mortgages for decades. Bleeding hearts like you want to reward people for their greedy and stupid mistakes by bailing them out, so be it. Just not with my tax dollars.
Yes, concepts of society, community and country make me a bleeding heart.
You're an insult to real libertarians. Go read some more Rand.
kevin @ 51:
Of course it did. But consider that a LOT of these "poor struggling homeowners" are greedy flippers that got stuck and failed at their own game. Our tax dollars do not need to go to propping these people (and the housing bubble) for one second. They'll lose their houses, walk away from hundreds of thousands of dollars of debt, and rent for much cheaper. They'll be just fine. The fed needs to stop killing the dollar. THAT is what will put us all in the poor house.
Wait a minute. You say "a lot" of these people are flippers. Do you have any statistics on what percentage of the people caught in this foreclosure mess are flippers? I would agree that a flipper shouldn't be bailed out either. I personally think we should help those who only own one home and are using said home as their only place of residence. Would you agree?
Liberal AND Proud @ 56:
Yes, concepts of society, community and country make me a bleeding heart.
You're an insult to real libertarians. Go read some more Rand.
This has nothing to do with libertarians. It's about morality and being responsible, you fucking child.
Only by allowing gas prices to balloon at the ridiculous rate they are will consumers demand an alternative.
I hope it hits $5/gallon this summer. I admit it'll suck. But it will force people to adapt. I already did years ago.
Alice Hussein (the Bitter are for Obama) @ 55:
What? fill out a change of address form?
Asshat.
kevin @ 58:
This has nothing to do with libertarians. It's about morality and being responsible, you fucking child.
Does your Mommy know you use such language? Morality? Look up the word, sonny...you can wait till after you finish your Hot Pocket if you like.
Alice Hussein (the Bitter are for Obama) @ 55:
I had a FIAT 850 Sport in 1976. 850cc's of raging power. Got 40 mpg when gas was around $.67 (an abomination). Unfortunately it was a FIAT. I eventually had to take it out to a field and bury it, POS.
It's the American suburbs that got us into this mess, them and gullible consumers.
kevin @ 51:
Actually the semi pro flippers we're the biggest culprits. Their mostly long gone now but on our block we keep an eye out for these characters when a house goes up for sale. We'll personally drag his ass out of the neighborhood physically before we will let that scam get run on us.
WE don't need a new G.I. Bill, just follow the example here:
http://www.whec.com/article/stories/S411982.shtml?cat=565
where's the snark button?
Alice Hussein (the Bitter are for Obama) @ 55:
Conservation is the most effective form of energy use reduction and protest we have. Unfortunately not enough people USE IT. We could bring the Oil Companies down to their knees if we did. Of course understanding how greedy these bastards are they would either charge $50 a gal or stop making gas leaving everyone holding the bag.
Oh how I wish I bought a mcmansion three years ago with an ARM. I'd have a whole army of people coming to help me. Heck, I don't even need an ARM loan. I'll just stop paying my mortgage and when the bad men come to take my house away, I'll cry victim and the nice heroes will come and save me.
I wonder how Hillary thinks freezing the rates on the ARMs will help anything. Who will pay the difference owed to the creditors? What happens in five years when housing prices still suck and the ARMs are scheduled to reset?
Putin's Bicep @ 61:
Have all those Republican middle class "dead beats" filled out their change of party forms.
Embittered-Max-Hussein-1 @ 43:
Ditto
http://wso.williams.edu/~srura/gems/bitterbeer.jpg
kevin @ 67:
You'll be paying rent.
I'll be buying at the bottom.
Liberal AND Proud @ 68:
....oh yeah, maybe that's should be the first step.
And we thought bush was out of touch? Why can't the people get the same respect from this clown that he gave to the commander of the pow camp he was a hero in.
Liberal AND Proud @ 70:
And continuing to make comments irrelevant to the quotes you're responding to.
I'm renting now and cannot wait to see how badly this thing tanks.
kevin @ 73:
Just wait until your landlord sees all these displaced homeowners seeking rental units. Watch how fast the market and your monthly rent "adjusts" to their needs and his bottom line.
kevin @ 73:
You won't have to wait much longer if people like you continue to criticise real solutions and demagogue them as bailouts. At least the American public is learning who its friends are and aren't.
CEO,citizens,eyes,open @ 72:
I can guarantee you the current agenda of the media is to make Americans "forget" whats happened the past 7 years or at best convince them it's best to forget for the sake of Country and not make waves and just get back to business.
That will be great for the Cons who deserve prison.
goat hussein sage @ 74:
You got it. "Oh no we don't run those silly background or credit checks. Nice tattoos by the way. Won't need an ID. Now, just sign right here no deposit required and your the proud renter of a home."
kevin @ 67:
your contempt and scorn for people struggling to hold on to their home is duly noted.
"My friends, you're fucked."
Liberal AND Proud @ 75:
Right. Bailout greedy flippers and stupid buyers? Friend of America. Anything else: ENEMY!
Nice tactic, kinda like "you're with us or with the terr'ists."
Ali Velshi is an idiot. A big part of the reason the new Medicare prescription program Chimpy put in place costs so much is because the government canNOT bargain for the price of drugs with other pharmaceuticals. A government created program that rules out negotiating for the price of drugs. That's the GOP for ya'.
Samson- @ 78:
Actually I think he's expressing mostly frustration because the fact is most of these people should have never been conned into purchasing these expensive homes which were way out of their income and salary ranges anyway.
What we need to do is demolish 3 to 4 million empty and unsellable new homes so the market has a least a chance.
Ash"Hussy"Williams @ 23:
How many of you home owners, who were buying and selling houses for profit, cared about the deficiencies in the economic system until it started to touch YOU personally? How many of the people now suffering with their homes across the country did nothing when “free trade” and the same deficiencies in the economic system were harming others? I have no problem helping people in need, I do have a problem extending that help to people not willing to extend the same to others. If people want to look at the fundamental problems of the economic system and change what is harming us all, then this can be a good opportunity to get that started. I live in SoCal, I worked at a real estate office and the vast, vast majority of people who came in during the last two years were either rich people buying an additional house or people trying to make a quick profit (and the majority of the those people were nauseatingly materialistic and detached from anything that didn’t affect them personally). I seriously doubt that after getting a bail out from my tax dollars that they’d turn around and use their to help me when in need. Everything was fine with these little capitalists as long as they could turn a quick profit. As far as the negative effects spreading, wake the hell up! The negative effects are a result of the economic system as a whole, “free trade”. If this leads to a deeper understanding of the problem for home owners as a whole, again, I have no problem myself helping (I say this as a non owner). If you want a tax bailout then go voting for what is causing the problem then go fly a kite.
kevin @ 80:
Thank you...I go to KR University online at night. I have a major in cognitive dissonance and a minor in character assassination.
Isome Hussein @ 81:
Another problem though is Americans think . . . hey I can slowly kill myself with nasty living habits because the Medical System will just patch me up, give me some drugs and get me roaring to go pain free!
L.A. Confidential @ 82:
I think that those people in default should be rounded up and converted into food products for the rest of us. This will help alleviate food price inflation, and the empty real estate turned over to private corporations and converted into warehouses to store imported, low cost products from Asia.
Liberal AND Proud @ 86:
we could call it soylent, something or other.
L.A. Confidential @ 82:
A better idea. Convert them into multiple dwellings and price them low enough for the working stiffs to afford. A 4000 sf McMansion could easily accommodate 2-3 modest families with some creative remodeling. Population density increases which could justify some sort of mass transportation to these outlying areas where these starter-castles sprouted on the outskirts of our metropolitan areas. Builder gets to recoup his money, consumer gets a place of their own without overextending themselves.
Ah, that's it my cell phone tax is running me into the ground. But last I looked it hasn't been used much as business is so off. Maybe that's no the problem...maybe?
From comments on this thread, I can see how Conservatives support the blue-collar worker and his/her family.
This is a huge problem that is effecting our economy. It's not bailing out dummies, it's a boost to us all. One way or another the smarty ham and egger Republican will still get a bite in the ass on this.
Loonie @ 79:
We wish.
Everybody loves paperwork.
actually John knows the best way to boost the economy is to give money back, giving money back to consumers means more spending and giving money to businesses means growth, its a win win!
to la confi@76 Nail right on the head and they are grabbing at any straw that they can spin some fear into to make a "breaking story". This morning one of our local piece of crap stations broke in to give us a life saving "breaking story" that some gang of criminals let the air out of some school buss tires, and that some of our poor kids would,sob,sniff, be late for school. The local sheriff had 500 investigators on seen and assured us he will go to the ends of the earth to find them. OMG Iam frightend I hope they have no ties to "owl kada". Its likely the gang just wanted to stall buss so they could pull off a mass child rape. fuck it Iam going to brush up on my french, I believe the country is having an acid flashback or lead poisoning or something! god damn were a country of dumbshits.(present company excluded)
'Filling out a form at the post office'..... Oh brother, yea, that's bold alright...PFFFT!!! Absurd? Absurd doesn't begin to cover it... Blowing smoke up everyones ass... Starts to come close...Keee-rist how did this guy ever get even this far????
Is THAT it??? That's all he's got for an answer to the housing meltdown??? ... This....this crap???? Whatever, I was never going to vote for the fucker anyway, but geemanee, you'd think someone in his headquarters might have something better than this tripe to haul out..... filling out forms at a post office and a warmed over Dole scheme suspending gas taxes from the 90s???
And the repubs want me to believe this guy is the answer to all our problems..... I don't think so... naw, not even close.....JD
People who put nothing down, then struggled to pay 1% 'teaser rates' that were 'lower than rent' are not 'homeowners.'
Yes, there are some truly heartbreaking stories of old folks who paid 29 years and 11 months of a 30 year mortgage in the inner-city who were swindled into taking a loan with onerous terms that bilked them out of their savings, but these cases should be being handled by criminal courts while O'Neal, Prince, Mozilo, et al are forced to make restitution to them (in a perfect world).
I don't agree with McCain on a whole lot, but his (previously) laissez-faire attitude toward much of the 'housing bubble' is the correct stance, IMO.
the form at the post office line was really sad and pathethic - another multi millionaire (don't give a rats ass whose money it is) who is completely out of touch just like Shrub, HRC and her "i'm going to sink her ship" husband. this is the best these guys and their grossly overpaid consultants can come up with?
BobbyFlay @ 99:
'previously' is right.
Asked whether the Fed went too far in helping Bear Stearns, McCain said: “It’s a close call, but I don’t think so.”
now that isn't too laissez-faire
We tried that suspend the gas tax thing here in IL a few years ago at the state level---guess what, the full savings never actually reached the consumer level. It is an unconsionable giveaway that provides an illusion of actually doing something beneficial to consumers. At a time when we have record deficits, this is the best these assclowns can do? Buy off the public with tax "reductions" at the expense of sound fiscal policy? Let's call it like it is---voodoo economics. No more IOU's to the future. No more clueless Neocon panderers.
It's a waste to even post to this thread. This grandpa mcsame really is one old, senile fart. This facade can't last for much longer. Eventually SOMEONE is going to shout "the king is wearing no clothes", and the whole stupid "mr. centrist", "mr. maverick" is going to come tumbling down on his head.
I know that's the way it SHOULD BE, but I just can't believe even the American public are going to prove this stupid for too much longer.
Wrap up the Democratic primary mess, and lets play ball with this dumb ass fart and his whole "magical mystery tour" busload of idiots.
The more McCain talks the more he sounds like the perfect cross between Reagan and Bush i.e. he comes off as a simpleton who can't remember shit.
-AF
Andrew Sullivan Is A Fraud
wow, 18 cents lower over the summer. Thanks. I will save 48 dollars over the next 3 months. What a guy. Now I can take that summer vacation I had to cancel. Schmuck.
It's plans like these that make me want to say, "God damn America!" :(
Hearing McCain (my senator, more's the pity) come out with the old "tax cuts to stimulate the economy" crap, I can't help but think of Rocky and Bullwinkle and the "pulling a rabbit out of my hat" bit. You know the one:
Rocky: But that trick never works!
Bullwinkle: This time for sure!
Dammit, what do these people think? That when the government takes your money they put it in a shredder? Government spending is not a drain on the nation's economy, it's a vital part of the nation's economy. Just ask KBR.
At least when the Democrats spend money, more of it ends up spent here in the US. The Republicans - besides building up $7 trillion of our $9 trillion national debt with idiotic "stimulation" schemes - spend whole boatloads on foreign adventures. KBR and other contractors hire a lot of cheap foreign labor for their Iraq operations and that money goes to the Philippines, Pakistan and elsewhere.
I'm more partial to Friedman's 50 cents/gallon gas tax to pay for our foreign adventures and pay down that damn debt. In the end, it's the debt that's gonna kill our economy. Just as debt is killing a lot of homeowners now.
Suspending the federal gas tax will do nothing but bleed dry the funds for fixing the roads and bridges. State taxes on gasoline are also higher than the federal tax.
If anyone thinks that government can actually "fix" the economy they really need to look hard at the idiots in D.C. Those idiots (dems and repubs alike) have not lived in the real world in decades. We are in this mess in part for the dismal way they have run government by borrowing money and spending like there is no tomorrow. Americans in turn have done their part by emulating the "icons" in D.C. in their own personal lives. The United States little run is over; it just has not sunk into everyone yet.
I hate to say but we need to let the system tank. Any fixes proposed by any politician will only prolong the inevitable collapse and necessary correction. Let it tank and use that opportunity to dismantle and rebuild the system better. Of course, easier said than done when dealing with a bunch of idiots that think they have the power to "fix" the economy in the first place.
goat hussein sage @ 44:
Sorry if I'm repeating myself (I think this was the 2nd time I posted it?) but the story keeps coming up and people keep wanting to bail out "home owners", so I feel compelled to answer. Proud, moi? Yeah, I guess I am happy not to have been sucked into the whole real estate fiasco. Not worried at all about getting kicked out of where I live. I'm glad you still have equity in your property. 9 million or so Americans owe more than their house is worth. As for my rent- I don't think I'm paying some landlord's mortgage. They've owned this property long enough that it's no doubt paid off. This is all profit for them. But don't worry, I'll be a legitimate home owner soon enough. Especially now that finally houses are coming down to a reasonable price. But of course they have much, much more to fall and there will be many more on the block soon.
Hoping your place isn't one of them,
B
Just think, people put out of their homes by the mortgage crisis will have to eat out of dumpsters like a lot of homeless people. They'll have no place to cook, even if they could afford the inflated price of food. Perhaps they can hang around the dumpsters behind the really "good" restaurants like the ones John and Cindy eat at all the time.
Oh, no, I forgot, Cindy cooks all the time, using those "generations old family recipes" -- downloaded from the Food Network website. Both she and her candidate husband are as phony as four dollar bills. Reminds me of when Nancy Raygun accidentally sent the wrong recipe to a struggling soccer mom who was having difficulty feeding her family on a minute amount of money Ronnie's crony bureaucrats were touting as a decent food budget that actually amounted to peanuts. The poor woman asked for one of the First Lady's recipes for a delicious dish made with next to no money. Nancy accidentally sent one for an Alaskan crab and artichoke casserole that would probably cost about $30 for four if not more. (Make that $50 today.)
And these buttholes talk about Obama's "elitism"?! Give me a break. But, hey, a New Day is coming. I can see and hear it now....
It’s November 5, 2008 at 10 a.m. At the home of Sen. John and Cindy McCain in Phoenix, AZ., the senator stumbles down the stairs and goes into the kitchen, looking terribly disheveled and totally hungover, which he is. Joining Cindy at the kitchen table, John pours himself a glass of Rachel Ray O.J. frappe and scowls at his wife. Then he says, “It’s all YOUR fault. If only you hadn’t claimed all of those Rachel Ray recipes were family treasures, many generations old….You C*NT!”
Login or Register to post comments.