Campaign proxy can't escape McCain's responsibility for Wall St. meltdown
By SilentPatriot Tuesday Sep 16, 2008 6:00pm
Boy is it nice to see the press actually do their job. Norah O'Donnell confronted RNC Communications Director Danny Diaz today with this quote from today's Washington Post:
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[In 1999] McCain had joined with other Republicans to push through landmark legislation sponsored by then-Sen. Phil Gramm (Tex.), who is now an economic adviser to his campaign. The Gramm-Leach-Bliley Act aimed to make the country's financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies.
That bill allowed AIG to participate in the gold rush of a rapidly expanding global banking and investment market. But the legislation also helped pave the way for companies such as AIG and Lehman Brothers to become behemoths laden with bad loans and investments.
In other words, McCain, along with Phil Gramm -- you know, the guy who thinks the recession is all "mental" -- passed legislation that is directly responsible for the gargantuan mess we now find ourselves in. Is that the kind of "experience" we really need in the White House?
And Diaz' response? None of that matters. What matters is that McCain talked about Fannie Mae and Freddie Mac a few years ago. And what about that Barack Obama guy? He's hasn't been Washington long enough to screw things up like McCain has!
This is really what it comes down to: A guy with a quarter century of "experience" passing legislation that ruins the economy versus someone who offers a fundamentally different approach to solving the mess the other guy made. Easy choice if you ask me. It's unfair to say John McCain doesn't understand the economy because he certainly understands how to destroy it.
John Amato; And let's not forget this one: Despite Claims Today He Warned of this Crisis, McCain in 2007 Said He Didn't See This Crisis Coming
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C&L, you have to get tonight's Hardball up. Tweety lays into Con Senator Canter like I haven't seen him lay inot people in a long time. I was actually cheering for him today and that'ssaying something.
Danny Diaz: "History was never my best subject."
Norah didn't "confront" him, she gave him an opening to blather more talking points. Confronting this jerk would have required her to interrupt him and ask him to answer the question without saying "Biden did it too".
Man, if the media keeps doing their job like this there won't be many getting invites for the next McCain barbeque
we are living in interesting times I am watching kudlow(gasp) and even he is not trumpeting how good things are
The Republicans are clearly running for cover. Not only do they have to deal with the "Where is Sarah?" question, but still must deal with the question "Where is George?" After all isn't he President and somewhat still relevant? What does he have to say about this economic meltdown? Anybody hearing from him lately?
Boy is it nice to see the press actually do their job.
It's either fight now or eat lies and sh*t for the next 4-8 years. Still, a laurel ... and hearty handshake to all who find their moral compass.
Did anyone notice during WashPo quote Norah says "McCain now condemns the executives at those companies for pursuing the ambitions the Gramm-LEAHY-Bliley Act made possible."
WTF?!
The quote on screen accurately states "Gramm-Leach-Bliley Act".
Tweety and Robert Wexler are shredding Eric Cantor right now over this. I love it!
And a reminder about how the terrorists are still out there waiting to strike is coming in... 3.. 2.. 1....
Danny Diaz presents yet another example of a bald-faced RNC lie, suggesting that Joe Biden voted in support of the Gramm-Leach-Bliley Act. Here is an online link to the voting record which clearly shows that Biden voted "Nay", while McCain posted an "Aye":
http://www.govtrack.us/congress/vote.xpd?vote=s1999-105
This guy's got NOTHING. These GOP operatives never answer the questions. They go right to, "...but, but, Obama waaaaaaaaaah waaaaaaaaaaaaah."
Yesterday every question to a RNC flunky was responded with "Yes, but Obama blah, blah, blah, blah, blah."
Today its "Yes, but Joe Biden blah, blah, blah, Obama doesn't have a record blah, blah, blah."
And - he got away with it. No follow-up, no feet to the fire. Sickening. Rome is burning and the MSM are brining marshmallows and sticks.
Puh-leeze.
If I thought Obama would move to improve the economy (as opposed to issuing mere blandishments and political pot shots), I'd give him all the money I could and go to work for him.
The truth is, if Obama's elected, the economy is going to be more of the same.
Maybe with some new lipstick.
Jon @ 8:
Yes, I specifically heard that and thought it was deliberate.
Freddy Knuckles @ 1:
Unfortunately, Canter got the lions share of the time and dodged any responsibility and when ever there was a dead moment, got in an anti-Obama comment. They do that well. Isn't there some sort of trail of standard answers, can't the Dems get one? Offer money for the "Daily Republican Talking Points" memo! It has to exist, or they just have the same chip implanted in their (pea)brains.
Tweety did a respectable job, I might even start using his real name.
Tweety and Robert Wexler are shredding Eric Cantor right now over this. I love it! Each and every Repug is saying :Responsibility? Who ? Me? It wasn't ME who shit on the floor....
dj @ 11:
Yeah I was just going to say that. It's an interesting vote, split exactly down party lines. Not ONE Dem voted in favor of it-NOT ONE!
again, the msm let the mcLame surrogate filibuster, blame and falsely accuse Obama.
the deck is still stacked.
dj @ 11:
After watching the interview, I googled 'Gramm-Leach-Bliley Act who voted on it' and the first link was the senate conference report, which must be being used to cover their bald faced lie (are they really THIS stupid? no way.) This was mentioned on another blog, I was fooled for a minute!
Way to go democrats for voting AGAINST the Gramm-Leach-Bliley Act just about all the way down the isle.
Just walking the dog @ 16:
Tweety is a hyena. If he smells a carcass, he'll go over and start tearing at it. He never takes on live flesh (except for some of his female guests).
If it takes a McCain/Palin victory to wise the American people up to the criminal racketeers of the GOP, then so be it.
I almost hope they do prevail in November.
Just walking the dog @ 16:
We must have been watching two different segments because waht I saw was Tweety knocking the crap out of Canter and making him and all Cons look like total fucking fools. Wexler didn't have to do or say a thing. Tweety took care of it all himself.
Here is the new line of thinking that some Repub is going to make:
The economy melts down because of Obama's Tax Increases.
Yes, that's it. Never mind that Obama is not even the current president. Never mind that problem of today is caused by the unregulated toxic mortgage instruments brought about by this current administration, i.e. Bush. Never mind all that. The economic meltdown of today is caused by Obama's Tax Increases.
And by golly, some people is going to buy this BS line.
LongTooth @ 22:
I'm in the same camp.
Star @ 18:
je @ 24:
maybe the Keating Five should become a topic to explain McLame
people deserve the facts.
With all of the economic turmoil, you'd think Obama and the Democrats would be way ahead in the polls. The American electorate is preoccupied with Sarah Palin's eyeglass frames, and the old prejudices still exist. Sadly, McCain will be the next president. Americans woiuld rather have more of the same than vote for a real change.
Pete&Pete @ 26:
Gretchen the aspiring elitist @ 10:
That's so last year. Their latest weapon of mass distraction is all about GEEK-terrorism. They've moved on to "Democratic (supporters) are hacking in to Sara Palin's private email!* ** Let's talk about that, instead! Maybe they found some nekkid pictures..."
*Either Democratic supporters, or Karl Rove trying to relive his glory days from Texas.
**Either Democratic supporters, or Michael Hayden rooting around to see if Palin plans to let him keep his job at the CIA, or replace him Orin Hatch.
je @ 24:
Newsmax.com is already claiming this.
This shit is just painful to watch. It must be in their DNA that when asked a simple question, they turn the answer into a campaign commercial.
We're going to have to start installing ejector seats in the studios if we ever hope to get a straight, and honest, answer out of these surrogates and pundits.
http://www.youtube.com/watch?v=Ympnzk9_b8M
LongTooth @ 22:
I thought the same in 2004. I thought "Bush made this mess (2000-2004) let him clean it up and the Republicans will be blamed and scarred forever." Obviously, that thinking doesn't work given how close this election still is.
It's like the guy who has to clean up the sh*t from the circus elephant. The worker gets sh*t all over him, even gets blamed by everybody for stinking up the place, but he's still the good guy, cleaning up the mess. Democrats will have to get sh*t on them to clean up after the Republicans.
je @ 24:
They've already gone there, comparing Obama to Hoover. Yes, Obama, not McCain.
CMINCA @ 35:
Come October, the GOP machine will have you believe that Bush has been a Democrat all along.
Ever notice how when Republicans and corrupt Democrats set out to steal or rape or pillage or advance the march of totalitarian fascism or manipulate the equally corrupt but gullible that they've always got innocent-sounding titles and euphanisms for their planned dirty deeds? "make the country’s financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies" or "modernizing FISA" or "Clear Skies Intitiative" or "clearing away burdensome and outmoded regulations" or "faith-based initiative" or " it's doing to be neccesary to walk on the dark side"?
And then when it blows up in their (our) faces they try and blame everybody else. You'd think we learn. Of course things are melting down, because criminality is invariably a self-defeating basis for a business plan.
Bush 44 can't run from his record or his past statements or his advisors -- vote Obama/Obiden/O8!
gallery @ 32:
Or electric shocks, like in Ghostbusters I.
Talking heads probably have stock portfolios that are melting down, too. So, they might get a little mean toward anyone they can rightfully take it out on.
CMINCA at 35
Today, facts don't count.
Reality is made by government in cooperation with mainstream media.
LegallyBlonde @ 4:
These millionaire pundits that read the "new" are losing big time. What do you think they do with their million dollar salaries? They invest. They are losing money to Wall St. and they are pissed.
They still could give a rat's arse about the rest of us.
Rico @ 34:
George Bush ran on "I'm a war-time president" and "John Kerry is a windsurfing elitist". Remember?
It's a fire sale for disaster capitalists!
They create the BIG con via deregulation, be it the energy market, S&L's, mortgages, banking and make a mint on the boom, then bail out, and make a mint on the crash.
If America were a lady she'd be screaming "RAPE!" at the top of her lungs right now.
Tyler Durden @ 36:
"The most liberal, elitist Republican there is with an ivy league education."
Paul @ 37:
How about "the working families tax credit". Ha!
it BLOWS me away that the Repubs can effortlessly continue to produce SACKS OF SHIT like this ....
VietVet8666 @ 41:
I haven't taken a peek at the media stocks today, but they took a bit of a dive on Monday. The only thing the MSM care about is media ownership and consolidation. A mirror-image of the now defunct financial markets.
http://w3.newsmax.com/a/jun08/?s=al&promo_code=6A75-1
Jo @ 42:
As idiotic as it may sound, they fear tax increases more.
i hope the press doesn't ever let this go....
this should be the nail in mccains coffin...
no sane, non-racist person could support mccain palin....time to hang the signs on the door-- republicans not welcome....on the doors of our homes, our stores, wherever....
this is nuts
This guy danny is just another coolaid drinking paid liar for the republicans.
They don't give a shit about America until the walls crumble around them! But even then they will continue to lie wiggle and spin to make it look like they had nothing to do with it.
It is your mess republicans, You hate the American people so much you will vote against your own best interests, for hates sake!
I hope you all freeze this winter if we have one.
Excuse me? How did Norah do her job? The question was OK, but then he never even came close to answering it, and just rambled on in another direction. C.mon, doing her job would have been to interrupt and make him focus until he answered her question. And as far as McCAin having "warned" about all this 2 years ago, that's nonsense. McCain is on video recorded less than year ago, saying he didn't anticipate ANY OF THIS.
Watch it:-http://thinkprogress.org/2008/09/17/mccain-anticipate-crisis/
Thank you sharkcellar for the link. Although I don't think its appropriate "interviewing" to talk over your guest, I certainly appreciate that Matthews kept hammering Cantor on the "Run from your own party" meme. Its excellent and the damn truth. These morons are like rats trapped on a sinking ship. They will leave their own to drown whilst they jump for the nearest floating timber.
They are stupid and have absolutely no moral core whatsoever. The Republican party is completely bankrupt and has been for twenty years and finally their shit is beginning to stink up the whole house. Finally. But of course, as always we have to pay to clean it up while they can just sail to the Bahamas and make an ATM withdrawal.
Norah O'Donnell actually doing her job would have entailed cutting off Diaz' filibuster (does a republican on one of these shows ever take less than 5 minutes to answer?) and challenging his lie that Obama has never done anything, let alone anything bipartisan.
Every time I read one of these "media actually doing its job" posts, I come away disappointed. Mrs. Dan Senor served up a tough-looking question but, at least in this clip, did nothing to challenge the longwinded BS response.
http://thinkprogress.org/2008/09/17/mccain-anticipate-crisis
Why is it that all the repugs forget what Trent Lott said when he left the Senate. Wasn't it "were not going to let them pass anything" This should back up the 92 fillibusters. Talk about who is resposible for nothing getting accomplished. Blame is not all on one side.
Watching this "communications director" is like watching a dog take a slow, painful shit on your lawn. While it's happening, you're waiting for it to be over. And after it's over, you're left with a pile of shit.
I love when Norah says, "Danny". It sounds like she is about to grab her belt and knock some sense into him.
I'm waiting for a Republican to blame this crisis on gay marriage.
dj @ 11:
BIDEN did vote NO. Funny how Diaz gets away with a lie by saying he believed Biden vote Yes on the Act.
I believe Danny Diaz is a Moron. I believe that Danny Diaz has worms. I believe Danny Diaz has a twin sister that is a gorilla.
CMINCA @ 43:
Certainly I remember. The point is to never hand over power to another party simply to further ascribe blame. It doesn't work. If Obama is elected things are likely to get worse for they get better. We may even suffer from another attack from terrorists. Democrats will be blamed for all of it but it's something we better get used to now.
She called it "Gram-LEAHY-Bliley" act She said, "Leahy" Damnit!
Too bad for dear Danny that Joe Biden did, in fact, vote nay for this bill.
http://www.govtrack.us/congress/vote.xpd?vote=s1999-105
But, nice try, attempting to smear Biden with McStain's BS!
PEACE
Someone said up thread that the pundits are probably getting nervous cause their stock portfolios are threatened, I was thinking exactly the same. Only when they feel the pinch themselves are they going to start getting hot. Of course, once the government takes care of their problems (bail-outs), they'll be back to stroking the corporate phallus again, damn the common folks.
I take back my comment about the Republicans being bankrupt for twenty years, I'd take that back about forty years, since Eisenhower the Republican party has had no soul. Nixon and Kissinger started the bloodletting and it hasn't stopped. Not that I support the Republican agenda, but just saying they weren't hard core mercenary a time ago.
Don From Canada @ 61:
I believe you might be right on all counts!
Danny tried to tie Biden to this bill.
Unfortunately for Danny, Biden actually voted "nay"
PEACE
The guy shifts to Freddie and Fannie which are a different problem in that they do not underwrite the mortgage risks. Freddie and Fannie acquire the loans and bundle them into CMO or instuments that are mortgage backed securities. They are quasi governmental agencies.
The problem with Lehman Bros and AIG is that deregulation allowed them to venture into risks outside the charter of their particular expertise. AIG is an insurance company and not an investment banker.
Joe Biden is not the Democrat who voted for the legislation. These guys just make sh!t up. Deregulation in the bill pasted below was voted for by all Republican Senators and on Democrat and all the other Democrats voted no. John McSame is a Republican who is for deregulation.
ohttp://www.frbsf.org/publications/banking/gramm/index.htmlld
dj @ 11:
You are missing the final version of the bill which passed 90-8-1 ... guess who the 1 was :)
http://www.govtrack.us/congress/vote.xpd?vote=s1999-354
No Vote AZ McCain, John [R]
Aye DE Biden, Joseph [D]
Sooo ... Technically McCain didn't have the balls to vote on the bill he wanted passed. Would that sort of be like voting "present"?
let's see how dennis spins out of this. betcha he wont make an appearance.
"In my administration, we're going to hold people on Wall Street responsible. " McCain says this in Washingtonpost now, even though he previously advocated for the deregulation of our financial institutions. This is equivalent to a parent taking their child off of training wheels and then yelling at them after they have a massive wreck. And now McCain is for government regulation, initially put in place after the Depression.
Make up your mind...
Pete&Pete @ 20:
Tantaro in WSJ used the same link to the conference report,which means diddly. ALL DEMs voted no on this atrocity. McCain voted (yes, he was there!) YES.
Maybe it's all a typo:"Run the country? Ah hell no, son! What we do is RUIN the country, and we're the best that's ever been!"
Chris Matthews ripped into another right wing American traitor today too!
I hope C&L gets that clip up soon.
Where is the idiot son? Looking to hide behind his Daddy again? Where is that loser?
"Boy is it nice to see the press actually doing their job."
It's nice, but I also find it incredibly depressing to think that THE ONLY reason they're finally doing it is because of the scorn they feel after being "betrayed" by McCain. The Republican base forced a totally unqualified VP candidate on McCain, which painted them into the corner of having to keep her away from reporters so they couldn't ask her any questions she couldn't answer. The only way they could get away with this was to make up a cover story about the press being "mean" and "disrespectful" to her.
Naturally, the press felt double crossed, after having spent YEARS bending over backwards for McCain in their never ending love affair with him. So now they're feeling used, and that's what you're seeing. Scorn, pure and simple. After they bought him doughnuts and everything!
If not for the scorn factor, you'd still be seeing bullsh!t like "McCain says he'll clean up Wallstreet. Democrats CLAIM that he is being insencere about this, CLAIMING that he has a long record of advocating deregulation of Wallstreet and the financial industry."
JimboSlice @ 67:
Your link is to the conference report, what are you talking about?
Every time I see the two words Lehmann Brothers, I want to make sure that everyone has seen the story about Jeb Bush, upon retiring from the governorship of Florida, became a 'consultant' for Lehmann and sold 900 million dollars worth of mortgage securities to the Florida Teacher's Pension Funds. That 900 Million has evaporated in the Lehmann Meltdown. I want to know what his commission was on this, why sweetheart deals like this take place....don't you need to be out of office more than 15 minutes before you start doing business with the state you ran?
This smells to high heaven. And as I was reading the story, I look one story over and there's Jeb Bush sitting behind John McCain as he campaigns in Florida. These people are all in bed together. Why isn't the mainstream media all over this like white on rice?
JimboSlice @ 69:
You linked to the vote on the CONFERENCE REPORT not on the bill...Again, Biden voted NO on deregulation, McCain and crony/author of bill/econ "advisor Gramm (R - Pillage) voted AYE.
dosido @ 79:
This might be my ignorance but why would you vote for the Conference Report if you are against the bill?
More big firms in danger of failing! Quick...bring on the corporate socialism!!!
Edwin Hussein @ 12:
It's annoying to an extreme,... no matter who it is,... I've seen at least a dozen spokespeople just skip the point immediately & just go straight to, 'But Barak this, & but Joe Biden that,...'
They would've failed my 6th grade English class, since they are failing to address the subject at hand.
Every friggin time a republican gets cornered it is the same shit; McCain has reached across the isle, he has the proven leadership (which was just debunked), then attack Obama, attack Obama, attack Obama. It never changes, unless they want to insert, John was a POW along the line. The MSM has shown a little more balls lately. What I am waiting to hear is, ", we are talking about McCain and you are avoiding the question. Answer this one before you jump on the attack Obama soapbox". This is Rove-Atwater 101. It is so damn obvious, one would expect the media to be ready to deal with it.
Kathy in St. louis @ 78:
Hey, if you can't privatize EVERYBODY'S old age pension, why not just privatize it for the people you don't like very much? I just hope all of those retired teachers can learn how to read a butterfly ballot this time.
CMINCA @ 50:
Let 'em sweat! Let "em Whaaaaaaaan. Let those bastards that pushed for the illegal occupation of Iraq see what it is like to make it on a measly million a year instead of 30 million a year. Fuck the whole lot of "em.
How in the hell did they think the rape of our country was going to be paid for? How in God's name could they sit there day after day and be so damned stupid after reading story after story about how hard the working class were having it? What did it mean to them when they gave unemployment figures? Jobs leaving overseas? Health benefits and pensions frozen or missing or spent?
Tweety says he looks at the stock market every day. Well good on him. Did he ever think that when the stock market goes up the people working for those companies pay with their benefits slashed? With their jobs outsourced? No. All he can think about is the money he is losing.
If we are in for hard times it will be people like him who can't even tie their own shoelaces that are going to be hit hardest. Poor people didn't jump out of windows when the stock market fell. Investors did. Rich people who skim the cream off the top and leave the rest for others to worry about. They are the ones who won't make it.
The rest of us? Hell. I'm almost going to enjoy the ride.
JimboSlice @ 80:
It's all pretty confusing, here's a page with a good breakdown: http://www.govtrack.us/congress/bill.xpd?bill=s106-900
Quoting that link, "After passing both the Senate and House, a conference committee is created to work out differences between the Senate and House versions of the bill."
Grandpa stammering his way through his cue cards while on the stump.
Aaah...give him a break...its hard to concentrate on reading and holding your bladder at the same time.
Jo @ 85:
Will Cindy divorce John if he can't beat back the high net worth individual tax increase?
Every Democrat but one (Hollings, D-SC) voted NAY on Gramm-Leach-Bliley.
Every Republican voted AYE (except for Imhofe (R-OK) who didn't vote and Peter Fitzgerald (R-IL) who voted PRESENT).
Friends, that's not change we can believe in.
Liberal AND Proud @ 88:
Not only will she divorce the bastard she will make sure the world knows all of Johnny boy's devious ways. John was her ticket to the White House. That's why she married him. Can you think of any reason a woman would latch holt of a dumbass idiot with the personality of a Mikado? No. If she isn't first lady, John isn't even going to be able to show his face in the men's room of the nearest airport. Bet on it.
More than ever I see the Repub bozos and bimbos resorting to filibustering and repeating age
old talking points or "he did it too" evasions. The McCainiacs are now having to address real
issues, and they have nothing to say that would advance their cause. This could be the start
of the slide.
Here's the actual record of the Gramm-Leach-Bliley Act on the Senate website:
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm...
Again, as everyone else has said, complete lie by the McCain surrogate. Biden voted Nay.
Jon @ 92:
Republicans lied?!?! Noooo...really? Yer kiddin'?
Hey! John McCain was a POW!
dosido @ 79:
The conference report is the final version of the bill (since it is the bill version which came out of the conference committee). Biden voted Yea and McCain didn't vote. Only eight Senators voted Nay, all liberal Democrats (including my man Russ Feingold). Even Kerry and Kennedy voted Yeah.
Here is the link to the final House and Senate votes on November 4, 1999, prior to President Clinton signing it into law:
Senate roll call
House roll call
Wow! The New MSM!! They even go as far as to put the graphic headline "On Message: Getting Tough"!
Do you believe... What? Oh, uhm, that was a reference to the candidates. OK. Yeah, 'course I knew that! Just kidding!!
Robert
Liberal AND Proud @ 88:
C'mon, L&P, have you seen what they donate to charity? You'd be amazed. One hint, it's a lot, lot more than what they'd pay in Obama's tax increase plan for, ahem, only the wealthy.
Biden made between $210,000- $325,000 in every year for 10 years and never gave more than $1,000 in charitable contributions any one year. One year he gave $120. He could've given two of his old Hermes ties and gotten that deduction.
Star @ 18:
Actually, Fritz Hollings of SC, a Democrat, DID vote for it. So, by my count, ONE Democrat did vote for it (albeit a fiscally conservative one from one of the most conservative states in the union – he was moderate and generally reliable on other matters, though).
Moderator:
Can you update the post with the information that Biden voted AGAINST Gramm-Leach-Bliley, contrary to Diaz's assertion?
Also, how about a separate post hitting the Republicans for this smear. How about....
RNC Spokesman Falsely Claims Biden Voted with McCain for Disastrous Financial Deregulation
The funniest thing about the Gramm bill is that McCain's been out railing against Obama voting "Present" on so many bills.
Yet, if one looks into the actual vote, it was something like 92 -7 with 1 "no vote".
On the most important deregulation bill of a generation, McCain was the only one who didn't vote. Wasn't even "Present".
dennis @ 96:
Dennis, dennis dennis...how much did the McCain's make...what were they're donations? What about Palin's?
Don't cherry pick and don't obstruct from the point...why did McCain marry his 2nd wife. What were the REAL reasons? Was she seeking political influence in marrying HIM?
Who gained? What did they gain? Who stands to lose if he loses the election?
These are the questions.
Liberal AND Proud @ 93:
I don't know if anyone else pointed this out, but the guy seems to have lied when he said Biden voted for the Gramm bill. Biden voted against.
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm...
Phil Gramm and the Gramm-Leach-Bliley Act.
and
Phil is one of McCain's economic advisors.
Well at least everyone knows who created the US banking problems.
Maybe Phil and John owe an explaination to the nation.
( maybe Sarah could help).
Thanks for this info. I must take my spanks. I mistakenly looked at the initial s.900 vote.... (scratching my head...)
VietVet8666 @ 14:
ya...so why dont you stick your head deep in your ass, fart, and blow your brains out
with obama, there is at least a chance
Neil @ 102:
facts do not matter to these people
thanks for finding the roll...
cuz look at how the vote is presented
http://banking.senate.gov/conf/
i knew it didnt pass this widely
DaveK @ 104:
doh...so it was 90-8
ya...the fuckers sold us out
can we throw all the bums out?
Uncle Joe Mccarthy @ 107:
Ok, one last time for everyone to get the record straight: ONE democrat and ALL republicans voted for the bill itself. AFTER THE BILL WAS PASSED, a conference report was voted on, which is different than voting on the bill itself, it's voting on the changes made between the house and senate. Whether the democrats could have stopped the bill at this point, I have no idea, but this Diaz guy is completely wrong either way.
This is all well and good, but you're all preaching to the choir here. Let's shake things up in the swing states.
Where's the rhetoric coming from the Obama camp? I want to hear "John McCain has voted for the policies that allowed Wall Street to gamble away YOUR retirement. And now, what: "Sorry, I promise I'll fix it?"
Help me put an ad in the Cincinnati Enquirer that isn't afraid to pull these punches on McCain and the lipstick pitbull hockey mom. If we get about 1,500 donors, we can do it.
http://www.thepoint.com/campaigns/fight-back-broadcast-the-truth-about-sarah-palin/memberships
Uncle Joe Mccarthy @ 106:
This is a conference report on the Gramm bill, but the roll call for the Gramm-Leach-Bliley Act of 1999 is in this link.
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm...
It was passed along party lines. Only 1 democrat voted for the bill and zero republicans voted against the bill. McCain voted for the bill, not surprisingly.
Pete&Pete @ 108:
You are correct.
Has everyone gotten old???? Lest we forget ENRON happened on the Republican shift tooooooooooooooooo.
Cappy @ 28:
you would think that with all the experience, being a household name for the past 25 years, the two month head start before Obama was nominated, and the fact that this it's his SECOND time running for president would've helped mcLame out, yet he never really even managed a convincing lead over Obama. hmmm, i wonder why that is?
I've said this in another post. Why do these clips have to show gasbags spewing their drivel and as soon as someone rational begins to speak the clips end?
As far as I'm concerned watching this clip, the Republican shill won because I heard only his point of view and no one correcting him on it.
LegallyBlonde @ 4:
Or the inauguration. And I was so looking forward to it. Especially Todd and the $2,500 hockey mom shirt.
Be careful what you wish for:
"Clinton Signs Legislation Overhauling Banking Laws," Reuters, November 12, 1999
Mike the Canuck @ 5:
May you live in interesting times is an old Chinese curse (I think Chinese, correct me if I'm wrong.) And indeed they are. If you are lucky enough to have a job and a place to live, you are doing very well indeed. Could we have a little more information on the Texas coast and how reporters are being kept out of the most devastated areas? News is sketchy at best.
With the economy collapsing, I'm wondering - do we still have a president?
MN USA @ 118:
Vacation George stikes again, maybe he'll do flyover the disaster on Wall Street, being the fealess leader he is.
VegasRage @ 119:
That was some sloppy text, coffeeeeeeeeee neeeeeed more coffeeeeeeeeeeeeee
Along with welfare reform and 'three strikes,' this was easily the worst bill Clinton ever signed. The 'chinese wall' between investment banking and commercial banking was erected for a very good reason. Case in point - my former firm known as the House of Lehman.
Freddy Knuckles @ 1:
Tweety has been rather impressive lately.
Norah did not confront this vomit bag. She let him spout off about 5 lies in a row. I have noticed that these cable news hosts let the repubs dribble on and on while never giving the Dem a real solid chance to respond. They let the repubs control the so called debate
Same old defense by the Republican mouthpiece. Change the subject,smear another democrat along the way,throw out some lies as a smoke screen. All this never answering the question. Now Republicans are going down hard as the economy melts down from the market deregulation they created to make their friends rich. The lies won't help them anymore. Reality chimes in.
Hopefully no one belives the horseshit stooges like Danny Diaz are shoveling out. Him and his ilk should be staked out on an anthill.
The bankers started clamoring for repeal of Glass-Steagal in the '80s, no surprise there. We're now starting to reap the rewards in a much more comprehensive and fundamental sense than before. This is about the "bedrock" of the financial house of cards they've been building over the last decade.
I would like to see a well-researched estimation of the amount of wealth that has moved upward due to this. As long as what they did was legal, the recipients of this government largess have no compulsion to return any of it, and I doubt there's a conscience inclined to guilt amongst them, so the only solution is, once again, socialism for the rich on the backs of the middle class and poor.
The question is, how to get Joe 6-pack to pay attention. Dems need to attack the McCain-Gramm connection, the time is ripe for that. Show how their collusion on Gramm-Leach-Bliley led to this. And when the Repubs claim Clinton was to blame too, the final bill passed by such huge margins it was veto-proof. Rather look to the Democrats in Congress who caved; these people are forgotten but their complicity in it means fundamental change is necessary.
It's not a hell of a choice, IMO, unless Obama gets some brass ones once he's in office, but now way no how does McCain and Palin in the WH mean anything like change.
JimboSlice @ 69:
To be honest, #126 Muttonchops, what became GLB was almost a running joke in Congress -- nearly every Congress since 1934 had attempted to get rid of Glass-Steagal -- including Steagal himself.
September 17, 2008
www.votenader.org
www.officialnaderstore.com
In a letter to Congress on July 23, 2008, Ralph Nader warned that the federal government's bank insurance fund may be insufficient to handle the developing crisis in the banking industry.
The day after Ralph sent out his warning, he was ridiculed in Congress.
One member, Spencer Bachus, at a Congressional hearing, mentioned Ralph's letter and said point blank "Our banks are well capitalized, our deposit insurance fund is sound. There's absolutely no factual basis for saying that there's not money there to pay."
Fast forward to September 17, 2008, today, less than two months after Ralph sent his letter.
And now we have an Associated Press story, featured prominently right now on the Drudge Report, with the headline "Federal bank insurance fund dwindling."
Here's the opening sentence from the AP report today:
"Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort."
The reality is that the Democrats and Republicans have screwed up royally.
They have screwed up because they are under the thumb of the big corporations.
The big corporations said -- weak regulation, weak law and order for corporations.
And the Democrats and Republicans delivered for their corporate paymasters.
The rest of us -- taxpayers and workers alike -- will now suffer the consequences -- through either increased taxes, lost jobs -- or both.
For his entire career, Ralph Nader has been sounding the alarm about the dangers of deregulation, about the dangers of a hands off approach to corporate power.
Time to listen up.
Reassert the public will.
And get behind the one Presidential candidacy that has the track record and will power to set things straight.
How?
Vote for Nader!
Onward to November.
The Nader Team
On a personal note, my husband is retired. He worked for over 40 years at a company with fabulous benefits until he was laid off to be replaced by Russians with probably Phd's (my husband doesn't have a Bachelor's), who willingly work for $10,000 (after a worker here gives them so detailed instructions on how to perform the work that it would have taken less time for the worker here to do here), no pension and no health benefits, but they did give him a generous severance package for which we are grateful and with it we were able to pay off our mortgage and can live off his pension and social security. But his company provided a 401K, our slice of the pie in the financial mess. Picking a plan recommended for the most vulnerable (on the verge of retirement), you know the safest, it included Lehman Bros. and I would suppose insurance companies and bonds. I even suggested that he take all of it out, at a great loss (it is a fund before taxes) and place it in FDIC savings accounts. He contributed to this savings account for more than a decade.
I'm confident that we are not the only ones to worry. The debacle has spread its devastation to the globe. Neither party has proposed any legislation to repeal Phil Graham's and Clinton's legislation which united corporate investment banks and regular savings and checking banks that loaned money in the form of car loans and mortgages and bring it back to the regulation that stood the test of time separating them giving guarantees to regular banks but not to investment banks and gave our financial institutions its integrity that originated with FDR.
They just want to make us like a banana republic, they get rich with schemes and we have to pay when it comes crumbling down. Remember only about 1/3 pay of corporations any taxes! Thank you Mitt.
By the by, what do you expect from a party whose candidate for President was one of the Keating 5 and whose present President had been baled out by Harvard when his company bellied up and whose brother benefited from the Silverado's demise in the Savings and Loans scandals.
I wish I were younger and could seek citizenship in some Socialized society in Europe or even Canada!
You think that all these immigrants desperately want to live in the US? I spoke to one. We are the cheapest one to get in. The rest of the countries (maybe it's just the more desirable ones, insist that you have enough money to live on for an extended period of time, and in the case of Canada it depends on how much education you have, how old, if you already have a job there, how much education your spouse has, is your job in demand, etc., check it out, it's on the web, plus they have proportional representation! When their population gets bigger, so does its ruling house, not a set number! Which I believe is the problem that the US has, in Montana which has one representative and a population of over a million, who would you think he/she would listen to? It has some of the worst pollution sites in the nation!)
I'm probably stuck here, so vote Nader. Oh Obie-Wan-Nader, you're our only hope!
Emma Hussein Goldman @ 122:
Tweety should lay in to Phil Gramm.
Diaz lied. Biden voted NAY: click the link and see
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm...
Tappa, tappa, tappa...
These republican traitors should be hung slowly
McCain didn't see the crisis coming? Give me a break!! Where in the hell was he and what was he smoking in 2007? What an ass!
McBush has gone against everything positive he's ever done, so the point is mute. He's against the limits of McCain-Feingold, he's against his own immigration bill, he's for the tax cuts, he's for regulation, you name it, if he was for it, he's against now.
As I pointed out in another posting, McCain joined with other RepubEnrons...and a majority of Democrats, to pass Gramm, Leach, Bliley. The vote in the Senate was 90-8 with only 7 Dems, including, bless them, Russ Feingold and Barbara Boxer, against. Both Harry Reid, and our VP candidate, Joe Biden, voted yea. In the House, it was 362-57, with Nancy Pelosi voting with the majority. The bill was then signed into law by Bill Clinton. His Sec. of Treasury, Robert Rubin, was a major proponent of this deregulatory legislation.
We have been betrayed by BOTH major parties. The DLC "Wall Street Democrats" has emasculated the Democratic Party that I knew- the one based in the values of the New Deal, the New Frontier and the Great Society.
Why is it my gaydar goes off when I see this stooge (Danny Diaz)? Does anyone else get the feeling that the RNC has another closet case as their spokesman?
B.. b.. b.. but Clinton!
O wait, yeah, Clinton is responsible for this.
H.H. McCool @ 136:
And you aren't honest this time or before. The roll call for the Gramm bill has been posted numerous times. All democrats except 1 voted against the bill and all republicans including mccain voted for the bill.
You are referencing a conference report that followed the Gramm bill, not the actual bill that Gramm et al proposed.
chad @ 131:
Correct on both counts.
huh? @ 113:
We can only hope that McCane post convention bounce is diminished by the deepening financial crisis. We are no where near the bottom of this, and its effects have not yet reached Main Street. I think the electorate may be seeing that the choice of Palin as a running mate was an attempt to pander to the Hilary Clinton supporters. The problem is Ms. Palin's views do not reflect those of the majority of women in the this country, and she is not qualified to be president or vice - president. I am encouraged by the turn in the polls. Finally, Obama/Biden may take a statistically significant lead in the polls. Thank you, Rasputin for your poll. I very much enjoyed it.
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