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I love Obama's response to this...I've told my people if you need me call me I can be there anytime, anyplace.....Hey wait didn't he say that about the town hall debates
Obama is wrong....you delegate business as usual...you do not delegate the largest single economic crisis the US has faced since the 1930's. Obama was/is a member of the senate finance committee should he not then be in DC to help get a bill passed. A president goes to where the problem is to lead thru the crisis and overcome the crisis...a president does not say "Call me if you need me". History is repeating as McCain is trying to do something and Obama says "Call me if your need me".
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In 2005, the Senate Banking Committee, then under Republican control, adopted a strong reform bill, introduced by Republican Sens. Elizabeth Dole, John Sununu and Chuck Hagel, and supported by then chairman Richard Shelby. The bill prohibited the GSEs from holding portfolios, and gave their regulator prudential authority (such as setting capital requirements) roughly equivalent to a bank regulator. In light of the current financial crisis, this bill was probably the most important piece of financial regulation before Congress in 2005 and 2006. All the Republicans on the Committee supported the bill, and all the Democrats voted against it. Mr. McCain endorsed the legislation in a speech on the Senate floor. Mr. Obama, like all other Democrats, remained silent.
In light of the collapse of Fannie and Freddie, both John McCain and Barack Obama now criticize the risk-tolerant regulatory regime that produced the current crisis. But Sen. McCain's criticisms are at least credible, since he has been pointing to systemic risks in the mortgage market and trying to do something about them for years. In contrast, Sen. Obama's conversion as a financial reformer marks a reversal from his actions in previous years, when he did nothing to disturb the status quo. The first head of Mr. Obama's vice-presidential search committee, Jim Johnson, a former chairman of Fannie Mae, was the one who announced Fannie's original affordable-housing program in 1991 -- just as Congress was taking up the first GSE regulatory legislation.
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The Subprime Panic of ’08 and its $1 trillion (and rising!) price tag is too big to blame on any one man. But if we had to, it would be Newton’s own Rep. Barney Frank.
In 2005 when the house Republicans tried to get a reform bill passed on Freddie and Fannie McCain stood on the floor of the senate and spoke about what a tragedy it would be if freddie and fannie continued out of control....Obama sat on his butt and cashed his $105,000 bribe from freddie and fannie. Not a single dem voted for reform and every Republican voted to overhaul the freddie/fannie fraud....in 2004 the dems outnumbered the good guys and now here we are.
Heard on the radio a poll today said that 82% were in favor of McCain's decision to suspend his campaign and get back to Washington to fix this mess. Obama is in a box. The debate will be rescheduled, McCain isn't running from anything. Obama better get his tail up there and show some leadership himself or he will end up looking like a fool over this. McCain is surprising me with his canny ability, had thought he was getting old and dottery. I am liking him more and more.
Haven't you ever heard of working together to solve a problem?
It would be a new twist if you can find a dem who would work with others to solve a problem. They have not done it in two years so what is the reason he would now?
Obama wanted McCain to jump on his ship and do a joint thing because he knows he cannot get hurt by making a stupid move like he has in the past.
Again only showing that he cannot make a clear good decision on his own.
Obama better get his tail up there and show some leadership himself or he will end up looking like a fool over this.
Obama can call it in, can't he? That will make a great ad; The great leader.
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OBAMA: You know, what I'm going to do is, I'm going to -- what I have told the leadership in Congress is that, if I can be helpful, then I am prepared to be anywhere any time.
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McCain is surprising me with his canny ability, had thought he was getting old and dottery. I am liking him more and more.
He's got some big brass ones, doesn't he? First Palin, now this.
He's got obama in a box. McCain will get a lot of credit for making the deal happen, since it was in danger of dying - the votes weren't there.
He took the initiative to confront this crisis and exhibit leadership.
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