Obama, McCain blame economic woes on greed, policy

Tuesday 16th September, 07:15 AM JST

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adaydream at 02:39 AM JST - 17th September

The McCain camp goes out and hypes up how strong the economy is then comes oput two hours later talking about hiw bad the economy is.

Right, he meant to say that it was the workers who were strong. He made a mistake. No, he's just so out of touch.

Now the Palin investigation,, that she was going to allow her employees and others involved to cooperorate with, now she calling it a sham.

The McCain camp says it was hyhacked by the Obama camp. Hell, there were republicans that agreed with the subpoena on the employees and Palin's husband. But it was hyjacked by the Obama camp.

This is a classic example of republican politics. Hell they aren't even close to being elected and they are playing around with hiding evidence. See how much of an example of playing just like the bush administration. Hide and destroy.

The Obama camp calls this Paranoia. I agree. < :-)
adaydream at 04:58 AM JST - 17th September

Hey your opinion and $.50 still won't buy a good cup of coffee.

I'll vote for Obama.

Like george bush's economy will do better.

McCain already said he doesn't understand the econpmy.

Oh right he knows the Graham economy.

Remember, they're all whiners comment?

Have a good day. < :-)
yabits at 05:38 AM JST - 17th September

Obama would destroy the US economy, a voyt for Obama is a vote for depression.

Back in 2000, and again in 2004, Republicans warned me that if I voted for Gore (or Kerry in '04), that the US economy would be headed straight down the tubes. Well, I did vote for Gore and Kerry and, sure enough, the Republicans were right.
Sarge at 07:12 AM JST - 17th September

yabits - I motice you left out the fact that despite the 9/11 attacks and the subsequent war on terror, the U.S. economy has performed remarkably well up until this year.

I don't agree with the government bailing out/taking over these badly managed financial companies. Heck, there's already too much government regulation!
yabits at 07:36 AM JST - 17th September

I motice you left out the fact that despite the 9/11 attacks and the subsequent war on terror, the U.S. economy has performed remarkably well up until this year.

First of all, job growth was lackluster and income growth for the vast majority of families was non-existent. Secondly, the growth in GDP was primarily fueled by consumer spending made possible by taking out equity mortgages against rising home values -- helping to fuel the housing bubble. A secondary stimulus was massive government spending, by a Republican-controlled Congress no less, on a par with LBJ's Great Society days.

When those are taken into consideration, economic performance was dismal and built on sand.

I don't agree with the government bailing out/taking over these badly managed financial companies. Heck, there's already too much government regulation!

You contradict yourself, and otherwise demonstrate a lack of understanding. Proper regulation better insures that us taxpayers don't have to bail out companies like this. Lehman was in business under proper regulation for over 150 years. Remove regulations and let them run wild, and they're out of business in no time flat.
Sarge at 10:49 AM JST - 17th September

The latest reason not to vote for Obama - Barbra Streisand is supporting him.
CavemanLawyer at 03:14 PM JST - 17th September

The latest reason not to vote for Obama - Barbra Streisand is supporting him.

Too late. The news that Sarge was supporting McCain has been out much longer, and thus most folks already decided to vote Obama in '08. Let me just say that again: Obama in '08.

--Cirroc
Nessie at 03:48 PM JST - 17th September

Greed from banks and morgage houses caused the rest of the problem.

It's not greedy to act in your self-interest and exploit loopholes. In some cases, you can be legally responsible for mis-management if you don't exploit loopholes.

What's greedy is pushing for the loopholes in the first place or acting as if you deserve them.
Nessie at 04:34 PM JST - 17th September

I'll be the first one to admit that I am weak in understanding overall economics.

Running for president in 2012, Sail? ;)
Alinsky4prez at 05:41 PM JST - 17th September

Barack went from being a neighborhood activist scrimping by on 10 thousand a year to being the owner of a 2 million dollar mansion (but he is STILL one of the common people).

He is a financial wizard. The repubs are doomed.
Madverts at 05:58 PM JST - 17th September

alinsky,

Following your theory, McCain is the greater financial wizard, owning seven properties. Heh, well, if he knew the answer to how many he actually owned that is...
adaydream at 04:44 AM JST - 18th September

John McCain said that he saw this coming over two years ago.

If he saw this coming, why didn't he do something about it? Why didn't he do something about informing the public about it?

Why didn't John McCain go to his twin, george bush, and do something about Wall Street.

And he says that he can fix this?

John McCain has said over and over again, that he can win wars. That he know how to win this war. Why did Iraq go to hell if he can win wars? If he can win wars and didn't win the george bush Memorial War in Iraq, why did it fail? John McCain can do everything. He's been in congress 25 years? With his, I can do anything, why do we still have problems in this country.

John McCain has been a part of the Washington machine for so long he fell asleep at the wheel years ago. < :-)
helloklitty at 06:02 PM JST - 18th September

Obama's solution to America's problems: higher taxes and more interventionism, the kind of economic idiocy that the economically illiterate Thomas Franks of the Wall Street Journal self-righteously recommends.

The first thing to note about taxes is that they divert spending from those who originally earned the money to politicians and bureaucrats. Now I am no anarchist: I do believe government is necessary to maintain civilisation. But like the classical economists I know there is a point where taxation becomes hazardous to a country's economic, political and social welfare.
zurcronium at 10:02 PM JST - 18th September

The repubs own this WS meltdown as they are the ones who created and protected in for years. It all goes back to Ronny Raygun and the S&L crisis he created. Let the boys rip off the markets and then we will bail them out when they fail. Just like busn was bailed out his whole life including now, as the US nationalizes business after business.

Funny how free market wingers end up helping the government own everything.

Here is the real take on whats happening . . .

"The fact that we have reached a point where the Federal Reserve felt it had to take this unprecedented step with the American Insurance Group is the final verdict on the failed economic philosophy of the last eight years. While we do not know all the details of this arrangement, the Fed must ensure that the plan protects the families that count on insurance. It should bolster our economy's ability to create good-paying jobs and help working Americans pay their bills and save their money. It must not bail out the shareholders or management of AIG. "This crisis serves as a stark reminder of the failures of crony capitalism and an economic philosophy that sees any regulation at all as unwise and unnecessary. It's a philosophy that lets Washington lobbyists shred consumer protections and distort our economy so it works for the special interests instead of working people; a philosophy that says we should give more and more to those with the most and hope that prosperity trickles down to the rest. "Instead, the pain has trickled up--from the struggles of Main Street all the way up to the crises on Wall Street. "Despite his eleventh hour conversion to the language of reform, Senator McCain has subscribed to this philosophy for twenty-six years in Washington and the events of this week have rendered it a colossal failure. It is time for a new economic strategy, guided by the principle that America prospers when all Americans prosper, where common-sense rules of the road ensure that competition is fair, open, and honest. That is the strategy I will pursue as President, and I will bring the change we need to restore confidence in our financial markets and strength to our economy," said Barack Obama
zurcronium at 10:31 PM JST - 19th September

Everyone remember when bush and mccain wanted to privatize social security and have it be based on the stock market? That was a good one!!

I am sure Palin, once some explained to her was social security is, would agree with the bush/mccain plan.

http://www.washingtonpost.com/wp-dyn/content/article/2006/02/07/AR2006020701865.html

mccain of course supported 100% the bush plan and voted for the bush bill. Eventually the repubs gutted the effort as even they saw how stupid the idea was.