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Old 09-07-2008, 04:06 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587

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Quote:
Originally Posted by janeannwho View Post
McCain agrees to fund the bailout as far as I have heard.
You can always count on McCain to be there for Wall Street! And for China. But for you and me??? Forget it!
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Old 09-08-2008, 09:29 AM
 
3,283 posts, read 5,207,534 times
Reputation: 753
Quote:
Originally Posted by ViewFromThePeak View Post
Candidates Weigh in on Fannie, Freddie - Politics and Government * US * News * Story - CNBC.com

At a rally in Colorado Springs, Col., Republican vice presidential nominee Sarah Palin said, "They've gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."

WTF does this mean? The government should MAKE them smaller? How about the government LET them shrink to nothing?

It's just more warm fuzzies and nonsensical talk about smaller government. They hold $4T of largely junk rated mortgage debt. What on earth does it mean to make them smaller?

Yeah, I know Obama supports a full bailout, but I don't care what the Dems have to say. What I care about is this: will McCain use his brain?
whatever! when/if they make it to the hotseat they'll change their tune.
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Old 09-08-2008, 08:35 PM
 
Location: Philadelphia, PA
389 posts, read 1,095,823 times
Reputation: 282
Quote:
Originally Posted by ViewFromThePeak View Post
Candidates Weigh in on Fannie, Freddie - Politics and Government * US * News * Story - CNBC.com

At a rally in Colorado Springs, Col., Republican vice presidential nominee Sarah Palin said, "They've gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."

WTF does this mean?
It means she's stupid and already thought the government owned those two institutions. Now that "They've gotten too big and too expensive to the taxpayers." she wants the government to dump them.

First McCain admits not knowing anything about economics and now Palin shows us she doesn't know anything either.
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Old 09-08-2008, 08:39 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Quote:
Originally Posted by ViewFromThePeak View Post
Candidates Weigh in on Fannie, Freddie - Politics and Government * US * News * Story - CNBC.com

At a rally in Colorado Springs, Col., Republican vice presidential nominee Sarah Palin said, "They've gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."

WTF does this mean? The government should MAKE them smaller? How about the government LET them shrink to nothing?

It's just more warm fuzzies and nonsensical talk about smaller government. They hold $4T of largely junk rated mortgage debt. What on earth does it mean to make them smaller?

Yeah, I know Obama supports a full bailout, but I don't care what the Dems have to say. What I care about is this: will McCain use his brain?
Because McCain just spoon feeds idiot conservatives bullcrap about "the government being smaller" and "free enterprise". He will always be there to bail out his Wall Street friends just like any other Republican. But you just keep on buying his BS and voting Republican! No billionaire left behind!
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Old 09-08-2008, 08:47 PM
NCN
 
Location: NC/SC Border Patrol
21,663 posts, read 25,630,850 times
Reputation: 24375
If people are losing their houses because the interest rate went up so much, it would seem the solution is simple. Lower the interest rate. What am I missing here?
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Old 09-08-2008, 08:49 PM
 
10,599 posts, read 17,896,657 times
Reputation: 17353
Quote:
Originally Posted by bbkaren View Post
What is obama's plan on this? Perhaps like everything else he intends to tax the productive folks more to help pay for those who didn't plan properly?
Here's the OBAMA plan:


TOP FANNIE AND FREDDIE LOBBYIST CAMPAIGN CONTRIBUTIONS
2003-2008 Center for Responsive Politics
Lou Dobbs Tonight

(ALL DEMOCRATS)

1. Sen. Christopher Dodd

2. Sen. John Kerry

3. Sen BARACK OBAMA


4, Sen HILLARY CLINTON

5. Sen Paul Kanjorski
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Old 09-08-2008, 08:55 PM
 
10,599 posts, read 17,896,657 times
Reputation: 17353
Quote:
Originally Posted by ViewFromThePeak View Post
Candidates Weigh in on Fannie, Freddie - Politics and Government * US * News * Story - CNBC.com

At a rally in Colorado Springs, Col., Republican vice presidential nominee Sarah Palin said, "They've gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."

WTF does this mean? The government should MAKE them smaller? How about the government LET them shrink to nothing?

It's just more warm fuzzies and nonsensical talk about smaller government. They hold $4T of largely junk rated mortgage debt. What on earth does it mean to make them smaller?

Yeah, I know Obama supports a full bailout, but I don't care what the Dems have to say. What I care about is this: will McCain use his brain?
I think expecting a detailed plan on day one of the anouncment is quite ambitious so he gave the right answer.

No Economist today on any station from anywhere had a clue what to say, even knows how much or how deep this is... even the mouth Jim Cramer (not economist but mouthy)...

It's going to be a long big problem. Go read the lobbying dollars from them and weep. Pathetic. and they knew all year, notice how they hinted around all summer then dropped it the week after the conventions.

Check out OBAMA (on my other post) Number 3 in top receipients from them. Top five were Democrats.
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Old 09-08-2008, 08:56 PM
 
10,599 posts, read 17,896,657 times
Reputation: 17353
Quote:
Originally Posted by KevK View Post
Because McCain just spoon feeds idiot conservatives bullcrap about "the government being smaller" and "free enterprise". He will always be there to bail out his Wall Street friends just like any other Republican. But you just keep on buying his BS and voting Republican! No billionaire left behind!
Really? Maybe THIS is the change we need?



TOP FANNIE AND FREDDIE LOBBYIST CAMPAIGN CONTRIBUTIONS
2003-2008 Center for Responsive Politics
Lou Dobbs Tonight

(ALL DEMOCRATS)

1. Sen. Christopher Dodd

2. Sen. John Kerry

3. Sen BARACK OBAMA


4, Sen HILLARY CLINTON

5. Sen Paul Kanjorski
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Old 09-08-2008, 09:06 PM
 
479 posts, read 879,451 times
Reputation: 96
Want to guess who was one of those lobbyist on the hill for Fannie Mae? John McBush's own campaign manager Rick Davis.
[i]McCain's campaign manager, Rick Davis, also has ties to Fannie Mae. He was president of the Homeownership Alliance, a Fannie Mae and Freddie Mac-led advocacy group. And Arthur B. Culvahouse Jr., a one-time White House counsel to President Reagan, is providing behind-the-scenes advice to McCain in the Republican's search for a running mate. Senate records show Culvahouse was registered to lobby on behalf of Fannie Mae and Lockheed Martin in a couple of instances several years ago, although his allies say his involvement was not extensive.
http://www.usatoday.com/money/compan...lobbying_N.htm


Quote:
Originally Posted by runswithscissors View Post
Really? Maybe THIS is the change we need?



TOP FANNIE AND FREDDIE LOBBYIST CAMPAIGN CONTRIBUTIONS
2003-2008 Center for Responsive Politics
Lou Dobbs Tonight

(ALL DEMOCRATS)

1. Sen. Christopher Dodd

2. Sen. John Kerry

3. Sen BARACK OBAMA


4, Sen HILLARY CLINTON

5. Sen Paul Kanjorski
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Old 09-08-2008, 09:44 PM
 
Location: Greenville, SC
5,238 posts, read 8,793,158 times
Reputation: 2647
Quote:
Originally Posted by NCN View Post
If people are losing their houses because the interest rate went up so much, it would seem the solution is simple. Lower the interest rate. What am I missing here?
An education.
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