We all knew this was coming: McCain Blamed! (Republicans, Dodd, Obama)

[mimimomx3]

McCain isn't to blame for this deal failing, but after 26 years in the senate, he's responsible for it happening in the first place.

[BK2Westchester]

Originally Posted by sanrene

This was a ploy by the democrats. Unfortunately, the press will repeat their talking points for them. Fortunately, the world is aware of what McCain did and when he did it.

There was never a deal. Some rep senators might have been on board, but the senate is not the house. The gop in the house was never on board.

Originally Posted by smd1998

John stood up like he promised and stopped this because it is not right and 75% of us said we do not want a bailout without fine tuning.

What is your hurry libs, get in a hurry and make a mistake would be wrong.

The real blame goes to the three who caused this.

Franks (d), Dood (d) and Shumer (d)

McCain is calling for LESS regulation and MORE corporate tax credits with this bailout!

Both sides of the house WERE CLOSE TO SOMETHING BEFORE MCCAIN STEPPED IN!

As Obama rightfully pointed out, inserting a presidential campaign into this mess IS MAKING IT WORSE!

McCain is NOT putting Country First and is just playing politics with the economy, the same economy of which he admitted he needs to know more about!

THe DEMS ADDED OVERSITE, REGULATION, AND FINANCIAL DISPURSMENTS IN TRANCHES WITH BIPARTISAN APPROVAL NEEDED AFTER THE INITIAL ADVANCE!

WHAT MORE DO YOU WANT!?

[Cleanmaxx Brian]

"Originally Posted by smd1998
John stood up like he promised and stopped this because it is not right and 75% of us said we do not want a bailout without fine tuning."

Well guess what? Obama supporters felt the exact same way! Fact of the matter is both McCain AND Obama did not like this bail out without restrictions or fine tuning as you call it. That is why Obama called your guy at 6:30 in the morning...to release a JOINT STATEMENT saying what they WANTED on the bill.

Now McCain goes into "grandstand mode" and you think this helps your candidate???? Then Bush says he wants both candidates there...well of course he does! This is how Bush protects his guy from looking stupid!

How can you all be so BLIND????? Oh I know, listening to Palin cheer lead for McCain has you all in a coma toast state!

[eastcoastlady]

Johnny McCain tried to use this crisis for political theater- and it is back-firing big time.
If he doesn't show up for the debate tonight, he is 100% finished in this election.

[laysayfair]

Originally Posted by eastcoastlady

Johnny McCain tried to use this crisis for political theater- and it is back-firing big time.
If he doesn't show up for the debate tonight, he is 100% finished in this election.

He won't be finished with reasonable people, just with people who weren't going to vote for him in the first place.

[BK2Westchester]

Originally Posted by laysayfair

He won't be finished with reasonable people, just with people who weren't going to vote for him in the first place.

i'm curious, do reasonable people agree with McCain's position that 700 billion dollars should be granted with LESS regulation and MORE corporate tax credits?

[SarahSal]

Originally Posted by Politico

McCain's grandstanding and posturing are so unbelievably transparent to everyone who has an ounce of intelligence. His presence in Washington is absolutely unnecessary, and is most likely causing more chaos than doing any good. He has no expertise to lend in this type of economic negotiation.

He has publicly admitted that he doesn't have a good understanding of the economy, and he has recently, publicly stated that he thinks the economy is currently basically strong. Suddenly, his stance on the economy has changed so much so quickly, that his presence in Washington is fundamental to any deal being struck, and he can no longer campaign when the election is 40 days away? Are you kidding me?

We didn't need Dodd or Frank to tell us all that McCain's actions over the past two days were just campaign ploys, political theater, grandstanding, posturing, and thinly-veiled attempts at taking the heat off his losing campaign. We already know that. It's pretty dang obvious. Some Republicans, however, are simply in denial.

The elections are weeks away! What happens if John McCain's actions (and those of his GOP colleagues) bring down the whole US economy for *perceived* political points? What then? They'll be gone and unaccountable..

John McCain needs to leave Washington, go to the debate and let Congress return to their bi-partisan negotiations and come up with a solution and fast!!

[eastcoastlady]

He's running for president and he's afraid of this debate. That can't be going over well with all the Repubs who see the president as a great protector. How can he protect us if he can't even handle 2 things at once??? What if he's president and we are attacked by terrorists on the same day as a disastrous hurricane??? He needs to be able to juggle many issues at once.
He's too old. We need a young, energetic president who knows how to use technology and multi-task.

[laysayfair]

Originally Posted by BK2Westchester

i'm curious, do reasonable people agree with McCain's position that 700 billion dollars should be granted with LESS regulation and MORE corporate tax credits?

I don't think reasonable people know enough facts or details from objective and trustworthy sources to make a reasoned decision just yet.

[walidm]

Originally Posted by ZGACK

There won't be a deal as long as the democrats keep trying to add funding for bogus items like mortgage relief for losers who can't pay their mortgages, the reason we're in this to begin with in the first place.

"It wasn't just home mortgages that were bundled up into bonds and sold to institutional investors (pension funds, insurance companies, college endowments). Auto loans, credit card debt and commercial real estate loans have been similarly packaged, $900 billion worth in 2007. Naturally, doubts about the value of these securities have also increased.

"Securitization" may survive, but this lending is already down (80 percent in 2008), reports Thomson Reuters. Credit is tightening across the board; issuance of high-quality corporate bonds is down 22 percent, while riskier "high yield" bonds are down 65 percent. What we are discovering is that all the complex securities, combined with ever-greater international investment flows, have created a global financial system "so arcane that few people can understand its workings," writes David Smick in his book "The World Is Curved: Hidden Dangers to the Global Economy." The difference between now and two years ago is that financial managers then thought they understood the system; now they know they don't.
Source

What's really happened is that Wall Street's business model has collapsed.