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Home Front Economy
McCaIN: Forget the constituents and congressional vote, JUST DO IT!
2008-09-30
DES MOINES, Iowa - Republican presidential nominee John McCain is urging the Treasury Department to intervene aggressively to limit damage from the financial meltdown, action that McCain says President Bush can take with the stroke of a pen.

Opening a business round-table Tuesday in Des Moines, Iowa, McCain said he has urged the Treasury to use its exchange stabilization fund "as creatively as possible" to backstop the market crisis. He says officials also should use the authority granted in a housing bill to purchase up to a trillion dollars in mortgages.

McCain decried the defeat of the financial bailout measure in the House, and he warned that the nation's political leaders will have to take risks even though solutions to the crisis may be unpopular.
it's not the majority opinion here, I know, but I'm with McCain on this myself. I really think people aren't in touch with how far south our economy and the global economy can go if this tips over into a full credit crunch.
Posted by:Besoeker

#8  Khomeini didn't have nukes, we had. That is why he recoiled; thanks to Obama Ahlmedinad will. Or more exactly thanks to you.

You're not making a lot of sense here. During the Iran-Iraq War, Khomeini had two choices - he could fight on until he defeated the Iraqis, which he had the option of doing, or he could sue for peace. He did the latter. He was not under any kind of nuclear threat from the Iraqis. But he opted to go for a peace treaty - in a war that Iraq started.

Note Bush has had plenty of opportunities to prevent Iraq from going nuclear. We have enough infrastructure in place to completely destroy the Iranian military's physical plant. And yet Bush has not acted. Why do you think McCain would do any different? The fact is that Republicans have decided that a bombing campaign in Iran isn't worth the political flak.
Posted by: Zhang Fei   2008-09-30 21:45  

#7  As big of an asshole as Carter was, he had a couple of things going for him. First off, he had military experience. Secondly, he had some executive experience as a governor. Thirdly, he had a hostile Congress full of neo-con Democrats like Scoop Jackson and Moynihan to stymie him at every turn.

As many and manifold were Carter's faults - pathological liar, moralizing blue-nose, raging anti-Semite, purblind, infantile, incompetent as a commander-in-chief - he still wasn't the worst of all possible presidents. He wasn't a coward; he wasn't a Marxist; he wasn't a community organizer.

If we're lucky, Obama will just crawl into a hole on January 20th and refuse to come out & commit himself until the storm passes. Three and a half years later, there should still be some semblance of a country left for the 45th president to start re-building.

If we're not lucky, the polls will be staffed by Obamajungend in 2012.
Posted by: Mitch H.   2008-09-30 18:04  

#6  Khomeini didn't have nukes, we had. That is why he recoiled; thanks to Obama Ahlmedinad will. Or more exactly thanks to you.
Posted by: JFM   2008-09-30 17:54  

#5  Khomeini accepted a peace treaty with Iraq during the Iran-Iraq war. He could have continued fighting until martyrdom. But he did not. These guys talk a good game but always back down in the face of superior firepower. The stuff about nukes against nukes is right. Iran's leadership won't survive a nuclear attack against this country. And let's face it - the best time for the Soviets to launch a first strike was probably against Carter. But they never did. Because payback would have been a bitch - even under Carter. Remember, Muhammad said defeat the infidels. He never said get your people exterminated while trying to defeat the infidels.
Posted by: Zhang Fei   2008-09-30 15:59  

#4   I can't wait to see Obama inaugurated so we can see McCain back in the Senate where he belongs.

I can't wait to see an atomic fungios where you were an instant before. Go to read the Profiles in incomptence article in today's rantburg page.
Posted by: JFM   2008-09-30 15:27  

#3  You're with McCain for what, LOTP? Yesterday's bill? Tomorrow's bill? Any bill? Action now? I'm pretty sure these guys don't know what they're doing. I'm pretty sure FDR, et. al.'s meddling made the Depression far worse than it need have been and that we are still paying for their intemperate actions.

You'll need to convince me that their actions won't do more harm than good. Because I'm pretty sure there is a world of hurt coming down the pike with or without the plan, whichever one it is. And government action will only make it worse because they don't know what they're doing.
Posted by: Nimble Spemble   2008-09-30 14:43  

#2  On a separate note, if this handout bill actually materializes, buy gold. Note that gold used to be worth $25 an ounce. Until the dollar got the heck inflated out of it during and after WWII. If you have any savings at all, you need to prepare for the dollar to be worth 1/4 what it's worth today two decades from now. Not quite hyper-inflation, but not a lot different from what happened from the 40's till the 70's.

Why save? Spend. Other taxpayers will provide.
Posted by: Zhang Fei   2008-09-30 14:37  

#1  I can't wait to see Obama inaugurated so we can see McCain back in the Senate where he belongs. Carter was just like Obama. Was Carter able to set up a new New Deal or Great Society? No. Our finances just weren't in any shape for it back then. And we weren't running record deficits at the time or borrowing from China either. I am sick and tired of McCain's dictatorial tendencies. This guy's a maverick in the sense that he thinks we work for him and not the other way around.
Posted by: Zhang Fei   2008-09-30 14:11  

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