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$1 Trillion!!!!!!!
Filed under: Politik > John McCain
John McCain said Tuesday that George W. Bush should spend $1 trillion of your tax money to buy up those 'bad' mortgages WITHOUT Congressional permission.
Yes. He's encouraging W. (of all people) to spend $1 trillion without permission folks!
He said it 3 times on Tuesday, apparently.
Click here to watch the video.
There's still that separation of powers, keep dictatorship in check thing in our country, right?
Wonder what sorts of things McCain would try do WITHOUT permission should he be elected.
Scary!
[Image via Getty Images.]
Posted: October 1, 2008 at 8:30 pm
Guys..I just say, get your fact right. Cause I live in Argentina and last time we got a leftist party well… you know how it damn went!
Cottonquinn [196] says: I work in the media, dipshit…Interesting that you call out O'Reilly for being an ass, but you make nary the mention of equally arrogant fucks like Chris Matthews and Keith Olbermann. I'm so sick of your bullshit.
:l
Leaders set the example that society mirrors. Can you not re-read your post, and recognize your own blaring arrogance? Have you come to accept arrogance as a normalcy?
:l
And you need to put up, or shut up. I gave a link for Bill O'reilly; so let's see you top that.
:l
As I already said: America is DOOMED….
Re: Darrynito –
Atheists resent atheism being called a religion, but for me, it becomes a religion when it's adherents resort to proselytization. Personally, how one religious view of how the world came into existence(evolution)is allowed in schools and no other opposing theory of how the world came into existence is allowed I have to wonder about the strengths and validity of the atheist religion's theories. Evidently, atheism and atheists exclude the free expression of ideas, in regards to the origin of life, because their ideas are weak and they don't want their beliefs controverted or called into question by any opposing theory.
Re: jrnpp –
8 years of Bush s sleazy corporate friends ruling your country (and its WARS!)…
QUOTE:"… jrnpp says – reply to this 5NONE of this should surprise anyone.
mccain supported de-regulation, less financial oversight, calling for a capital gains tax cut for big business, has over 140 sleazy corporate lobbyist as campaign leaders and advisers, supports BIG OIL and on and on.
4 more years of the failed bush policies.
..
Re: uraPIGperez –
I've seen the O'Reilly meltdown because the media likes to use it to marginalize him. BFD. I've seen many anchors throw temper tantrums. My point is, that people like you enjoy denigrating those who do not agree with your worldview. I get sick of that shit. I manage to hold my temper until something so ridiculous is said that I can't just let it go. That's why you are on my radar right now. I don't agree with O'Reilly alot of the time but by God he is entitled to his opinions and character, even if his opinions confound and offend you.
for those who believe mccain didn't say this and that the vid is a montage, google: hotair mccain fdic
mcpain indeed wants to spend 1 trillion without congressional approval … maveric? LUNATIC!!!
Re: Max H. –
QUOTE: "…Max H. says – reply to this 28Its time the working class took America back from he rich. Screw McCain and Bush vote for Obama.
.."
————
Right! However, I unfortunately cannot SEE any American politician who s on the workers and employees's side who could ever make it into the Oval Office! Cause of your stupid election systme allowing only the RICH to get to POWER by financially supporting this conservative PROPAGANDA! No where in the world, I guess, elections have been made into such a sort of superficial Disneyworld SHOW and television propaganda as in the USA! Where everything that COUNTS is how a candidate looks, what WEALTHY friends and social status he has (Germany s former Chancellor Schroeder, e.g. was the son of a CLEANING WOMAN and a laborer as father!), and how much money he or she can offer to tax payers and TV stations!
Elections should be about the CONTENTS and detailed INTENTIONS of what a candidate wants to carry out after he s been elected and what TECHNICAL knowledge(!) he or she has about the economy, social welfare, international contexts, international peace and diplomacy requirements(!!) - and and not about whether he goes to church or not, whether the son/daughter is gay, or similar stupid cause totally UNIMPORTANT things!
Your doomed…I m afraid to say that.
Re: Bavaria –
There are multiple factors for this financial meltdown. We were warned by Ross Perot and Ron Paul. No one listened. Deregulation isn't what's wrong. The Federal Reserve is to blame. The bad laws passed by Congress are to blame(see Sarbanes-Oxley & The Community Reinvestment Act), the american's addiction to credit and our penchant for living above our means is to blame, greed(another evil of humanity) is to blame…etc. All of these factors came together at the right time to form the perfect shitstorm.
Re: Cottonquinn –
One question: Do you really NOT have segregation of religion and state in the USA'??????????? We in Europe have had it since, I guess, a few HUNDRED YEARS!
And do you not have any SCIENCE there? Cause science will tell you exactly HOW man and the world came into being! Somehow, I get a feeling, a lot of Americans are knwledgewise stepping back to the blackest Mideval Ages….
QUOTE: "Re: Darrynito –
Atheists resent atheism being called a religion, but for me, it becomes a religion when it's adherents resort to proselytization. Personally, how one religious view of how the world came into existence(evolution)is allowed in schools and no other opposing theory of how the world came into existence is allowed I have to wonder about the strengths and validity of the atheist religion's theories. Evidently, atheism and atheists exclude the free expression of ideas, in regards to the origin of life, because their ideas are weak and they don't want their beliefs controverted or called into question by any opposing theory.
.."
Re: Darrynito –
And Obama favors the bailout as well, in addition to the Global Poverty Relief Act, which he authored and sponsored, would cost another $800 billion. Pot meet kettle and we definitely know which one is black.
Cottonquinn [197] says: Really, aside from ice Hockey, what wonders has your country given the world?
:l
You are an embarrassment to yourself, and your country. When 911 happened, we opened our airports and our homes, and took good care of thousands of American people. And Canadians were there to help clean it up; our firemen and our police replaced the services of those who died. When Katrina happened, a rescue team from Vancouver was first to arrive. We are almost the furthest distance on the continent from Louisiana, and we were there for many days before American teams started to wander in. That is what Canadians offer to the world.
:l
And you are so arrogant, you don't even respect and appreciate anyone or anything. You probably interpret this as bragging, because that is how arrogant people justify; but you would be wrong, because I was just answering your question factually.
:l
Put all the Republicans on their own island, and call it Arrogance Island. Let them live among each other. They would all be worthy to each another.
:l
Re: Cottonquinn –
Too much religion can be DAMAGING to your BRAIN -did you know that?
I do not see much difference between Muslim extremists such as Osama Bin Laden and Christian extremists such as Bush, McCain or some people here on Perez's site!
Re: Bavaria –
Of course another stupid fucking foreigner commenting on our system… Granted our system isn't perfect, thanks to the corruption that all flawed humans are susceptible to, it has the potential to still be the greatest system there is. Unfortunately, in the wrong and inept hands, it can be wielded in such a way as to cause much despair. While I'll admit the people calling themselves "conservatives" have lost their way, conservatism itself is still the way to go.
I think that these comments shouldn't be about a "who started what". You are already in the situation. The issue now is how to deal with it in a constructive and honest way. I don't think using $1 trillion dollars without permission (if it was their own money, I wouldn't complain
but it isn't) is pretty underhanded. Whether or not the democrats started this apparent mess, you should be looking at who is taking the best approach at fixing it up. Shit happens all the time. The only way you really know what people are like is to see how they deal with crises.
Cottonquinn [209] says: I've seen the O'Reilly meltdown because the media likes to use it to marginalize him. BFD. I've seen many anchors throw temper tantrums. My point is, that people like you enjoy denigrating those who do not agree with your worldview. I get sick of that shit.
:l
I will tell you something else about Canadians; just because we are mellow, doesn't mean we can't smell bullshit. And you have the typical Republican swing on answering to situations of bad conduct, which is to paint it as minimal and change the subject by raising blames of others. Like ~ I can set my watch to that response, it is so reliable.
:l
When you accuse me of denigrating Bill O'Reilly, simply because he does not agree with my worldview, that is full on extra-funky bullshit, because I never criticized Bill O'Reilly for having a different worldview; in fact, I criticized Bill O'Reilly for HIS VERY OWN CONDUCT. So, don't try and tell people what to think about what they can see for themselves, because you are not smart enough or smoothe enough to pull that off.
Re: Cottonquinn –
thanks, cotton. i disagree. I don't have an imaginary friend and i don't want to convert people who do, but i do speak my mind and point out what's potentially wrong with their view … yet, i wouldn't describe my stance as "religious".
personal belief systems don't belong in schools … science is not a personal belief system, therefore it's taught in schools. scientology, christianity, islam and others are all intelligently designed and aren't science hence aren't taught in school.
Re: Bavaria –
Oh that's right, you fucking euros love to think you are sooooooo superior to us. We did in 200 years what it took you sooooo much longer to accomplish. As for the theory of separation of church and state, which is completely misinterepreted by liberals, separation of church and state was supposed to protect religion from government not the other way around. By the way, how is Shariah law(wait I thought you had separation of church and state) working out in Europe now? You Euros totally gave into islam in the name of political correctness and fear so there goes your whole separation of church and state.
Re: uraPIGperez –
So fucking what? How much aid has the USA given to countless nations over the years. It's never enough and it will never be enough. The USA and Israel have become the world's scapegoat for everything that wrong in this God forsaken world and I, for one, am sick of it. If I'm so arrogant, as you suggest, and despite my attempts to be conciliatory in the face of your rife marginalizations and generalizations then how arrogant is it of me to admit that our sytem has flaws? Am I arrogant when I am just as willing to come out against McSame as I am against Obama. I have repeatedly admitted that we have problems that need fixing. I have admitted that I have no love for McCain or Obama. I honestly believe our problems will not be fixed by any of the slimy pols of both democratic and republican persuasion.
Re: Bavaria –
All we have is your word for it. Karl Marx shared the same view of religion as you do. Religion is a threat to a communist clearly. I wonder why?
Re: Cottonquinn – 209 "I manage to hold my temper until something ridiculous is said that I can't just let it go"
Anger management issues much??
To: Cottonquinn [212]
=====================
~snicker~
Re: uraPIGperez –
Canadians, like Europeans, are so mellow to the point where they have to have the USA bail them out of getting their asses kicked by fucking dictators. Next you will be getting your asses kicked by radical muslims who hate all things western. See here, I don't like the fact that the USA has become the world police and if I had my way we would never give another dime to another shitbag country who hates us and we would cease nation building altogether and I feel this way because of people like you who have shown me that no matter what we do, it will never be right or good enough.
Re: Rumiem –
No just sick of liberals and their hatred of everything that made this country great.
Bavaria [216] says: Too much religion can be DAMAGING to your BRAIN -did you know that? I do not see much difference between Muslim extremists such as Osama Bin Laden and Christian extremists such as Bush, McCain or some people here on Perez's site!
=======================
And do you understand, that the Christian mindset is tantamount to a cult? Scientifically, it is a fear-based psychological condition. Subconsciously, people with extreme internal fears choose to believe in the comfort that they are ultimately protected by a God, which has been preached to them. Even many preachers have their own common psychological syndromes, and as we all know, many homosexuals used the Catholic Church to garner the "automatic, unquestioned trust" which enabled them to molest children so expertly for so many decades. These false preachers were worshipped by Christians for those many decades. Clearly, Christians are a cult, by definition [of a lesser extreme than a radical cult] but a cult, by definition, just the same.
Re: Cottonquinn –
The USA are not so great, Cotton … really, not great at all. Most americans think so, the world thinks so; self-proclaimed greatness just doesn't last forever. I know, I know - hard to swallow and that's why you're so angry.
~ Sooooooooooooooooo ~ the chance of getting information through to Christians regarding their loyalty to the Republican Party is not likely to happen anytime soon. McCain could have chose Satan himself as a running mate, and the Christian Network would still vote Republican. {Funny joke in there about Sarah Palin…see if you can find it}.
~
And the Republican Party knows that they have the vote of the Christian Network, no matter what they do, because the Christians believe they are voting for "God's Party". Seriously, Roe v. Wade has been law for 35 years, and the public has not challenged it. Now, to satisfy their core membership of Christian voters, McCain promises to overturn Roe v. Wade. Even if he did that, the result would be to pass the obligation to individual states for the education and lifetime financial support of thousands and thousands of unwanted and drug-addicted babies.
:l
And that is why America needs a separation of religion and state. The government is supposed to manage the tax base for things that relate to everyone; hospitals, roads, parks, military, etc. Politicians are not supposed to be using their positions for their own personal benefits. They are supposed to be representing "all of the people".
Re: Cottonquinn – Cottonquinn the "fucking" euro that I am don't understand the fact that you're full of hatred and stereotypes. Try to travel more and you'll meet respectfull people (not like you).
Leave my John McCain alone. He fought for this fucking country and obama did nothing. He didn't even attend his Senate meetings.
Obama is a sneaky bastard and took millions of our dollars from
Freddy Mac and Fanny fuking May, so who is really the bad guy here, coz all you people that lost your houses, it was obama's fault..the banks gave him your money. Now go vote for him, you
fucking idiots. Obama did do any service for this country and
by the way, ask obama about his POOR BROTHER THAT LIVES IN
AFRICA ON A FUCKING DOLLAR A DAY AND OBAMA DOESN'T EVEN
HELP HIM..SO WHY WOULD HE HELP US? HE WON'T.
PRAISE ALLAH, GET USED TO THAT FUCKING SHIT, COZ YOUR CHURCHES ARE GOING TO THE MUSLIMS, JUST WATCH AND SEE.
Genghis Khan [100] says: I love McCain, but really, don't do it…these idiots who bought homes they could not afford will just have to suck it, pure and simple.
:l
Ha Ha ~ you are sooo gullible. You opened your mouth wide and let the Republicans stuff their rhetoric down your throat and out your assmouth. Where are all these mortgages, and why are not your great and trusty politicians holding the mortgage writers accountable for negligent lending practices, if nothing more than to prevent future abuses?
:l
That would apply if you actually believed that there were thousands upon thousands upon thousands of mortgage holders that were, apparently, over-extended. You better to ask to see the paper trail on that, America, because I predicted a year ago that the Republicans would design a financial diversion during the election period, because they don't want America to know the true cost of this war. You might want to question the networks and alliances between the Wall Street players and the Republican Administration too, because this is not looking good for an accounting of where the money went. Seriously, if someone can't pay their mortgage, the property remains for resale. There is minimal loss in the transfer.
:l
Sofa King Stupid~
Cottonquinn [222] says: So fucking what? How much aid has the USA given to countless nations over the years?
:l
Thank you for asking, because it gives me an opportunity to inform you about your own country. On the Vexen Scale, the USA is the worst country for "tying" nearly 90% of its aid to developing countries. [Tying means to attach the aid to transfering their own products and services]. This obnoxious practice reduces free trade and hurts their economies. It is also counter-productive to their independence. The USA is also the least generous of all the developed countries. "[Americans] are regularly told by politicians and the media, that America is the world's most generous nation. This is one of the most conventional pieces of 'knowledgeable ignorance'…"
Confirmations:
h_t_t_p_:_/_/_w_w_w.vexen.co.uk/countries/best.h_t_m_l
h_t_t_p_:_/_/_w_w_w.vexen.co.uk/USA/foreign_aid.h_t_m_l
[remove all the underlines; except between foreign_aid]
yo, 1 trillion be gon in 1 day if dat bill don git signed
Cottonquinn says – reply to this 226Re: uraPIGperez –
Canadians, like Europeans, are so mellow to the point where they have to have the USA bail them out of getting their asses kicked by fucking dictators. Next you will be getting your asses kicked by radical muslims who hate all things western. See here, I don't like the fact that the USA has become the world police and if I had my way we would never give another dime to another shitbag country who hates us and we would cease nation building altogether and I feel this way because of people like you who have shown me that no matter what we do, it will never be right or good enough.
======================
cuckoo
cuckoo
be great if you could provide support for even one of your rants
Cottonquinn says – reply to this 227Re: Rumiem – No just sick of liberals and their hatred of everything that made this country great.
:l
What is it, exactly, that you think made your country great, that is hated by liberals?
:l
Re: Bavaria – No we don't have separation of church and state. A declaration for the separation between church and states appears nowhere in the constitution or ammendments. The only thing that remotely comes close is the constitution saying the government shall not establish a state church, meaning the founding fathers didn't want to see something similar to "The Church of England", etc. That by no means says religion can't be practiced or make an appearance in public establishments. This fact has been very misunderstood by the American public. It just means the government can't establish their own church. Reglion is very alive in well in our government. Our curency has "In God We Trust" printed on it and Congress opens every meeting with a prayer.
Cottonquinn says – reply to this 226Re: uraPIGperez –
Canadians, like Europeans, are so mellow to the point where they have to have the USA bail them out of getting their asses kicked by fucking dictators. Next you will be getting your asses kicked by radical muslims who hate all things western. See here, I don't like the fact that the USA has become the world police and if I had my way we would never give another dime to another shitbag country who hates us and we would cease nation building altogether and I feel this way because of people like you who have shown me that no matter what we do, it will never be right or good enough.
======================
cuckoo
cuckoo
be great if you could provide support, or even specifics, for your rants. I won't hold my breath waiting ~ I want to live.
AngelGangztaBitch says – reply to this 232Leave my John McCain alone. He fought for this fucking country and obama did nothing. He didn't even attend his Senate meetings. Obama is a sneaky bastard and took millions of our dollars from Freddy Mac and Fanny fuking May, so who is really the bad guy here, coz all you people that lost your houses, it was obama's fault..the banks gave him your money. Now go vote for him, you fucking idiots. Obama did do any service for this country and by the way, ask obama about his POOR BROTHER THAT LIVES IN AFRICA ON A FUCKING DOLLAR A DAY AND OBAMA DOESN'T EVEN HELP HIM..SO WHY WOULD HE HELP US? HE WON'T.
PRAISE ALLAH, GET USED TO THAT FUCKING SHIT, COZ YOUR CHURCHES ARE GOING TO THE MUSLIMS, JUST WATCH AND SEE.
==================================
Isn't it time for your meds, baby?
L.B.Sambo [235] says: yo, 1 trillion be gon in 1 day if dat bill don git signed
=========================
you are just as cute as a fucking button. I cyber pinch those apple cheeks ~
Re: uraPIGperez – ouch don do dat
This smash and grab and theft of your money to feed the war machine and oil prices and fatten up the govt and banking fat cats is a damn disgrace.Why dont citizens protest en masse like they did circa Viet Nam and Martin Luther King.Lost your guts under Bush. ?? Blood unethical thieves the lot of them.
Re: uraPIGperez – I don't think he is a Muslim either. And so what if he is. That is his personal beliefs. What's really important is his personal character and his intentions towards this nation. And if he is a little inexperienced, I'm sure he'll have a massive staff of experts ready to try and help him with decisions. The thing that bothers people about Obama, is that he is not real. It is so painfully obvious he has been expertly coached in public speaking and mannerism display. He really doesn't know what he is talking about. And high ranking dipolmats will see right thru that. I don't care if he went to Harvard and got a law degree, blah, blah, blah. Anyone with even average intelligence can get a law degree if you want to sit down and really apply yourself. The guy is a bad phoney, and so is his wife.
Laurent [231] says to Cottonquinn: the "fucking" euro that I am don't understand the fact that you're full of hatred and stereotypes.
===================
Sing it wiff me ~ Communication is the problem to the answer ~
Seriously, Amercans do not understand, or care, that they are a selfish, foolish and arrogant culture compared to the rest of the world. And half of them don't even realize that Barack Obama has more pride in self, and more pride in country, than they have all combined. They are so brainwashed, almost half of them are prepared to vote in a "First Lady" who had to publicly announce that she stole narcotics from a medical charity. Can you go much lower than that? Really, America, have you nothing better to offer than a common thief as your matriarch?
====================
(now watch the republi~kkk~klans come flying at me on their brooms and downplay and justify her thievery; to be followed by criticisms that Michelle Obama hates America, because they all repeat exactly the "same wording" in their "personal" opinions. LOL.
====================
Re: Missy1982 –
Bush was in the White House for 8 years (almost) - why didn't he impose any changes? The blame game goes both ways. Here's an idea…let's move on and hope that this disaster is fixed (at least somewhat)! Oh, and stop getting all of your info from Fox News and Rush Limbaugh, you may be a little more well-rounded…
Genghis Khan says – reply to this 244Re: uraPIGperez – I don't think he is a Muslim either. And so what if he is. That is his personal beliefs. What's really important is his personal character and his intentions towards this nation. And if he is a little inexperienced, I'm sure he'll have a massive staff of experts ready to try and help him with decisions. The thing that bothers people about Obama, is that he is not real. It is so painfully obvious he has been expertly coached in public speaking and mannerism display. He really doesn't know what he is talking about. And high ranking dipolmats will see right thru that. I don't care if he went to Harvard and got a law degree, blah, blah, blah. Anyone with even average intelligence can get a law degree if you want to sit down and really apply yourself. The guy is a bad phoney, and so is his wife.
====================
You have nothing legitimate in your criticisms of Obama. On the other hand, there is overwhelming documentary evidence of decades of corruption and abuse involving John McCain. And your "inexperienced" argument has no weight, because Obama just passed that phase with flying colors.
====================
Re: Laurent –
Oh yeah, "respectful" are the foreigners on this very thread who call Americans "terrorists". That's tres fucking respectful. If this is your idea of "respectful" then I want a different dictionary. As for "stereotypes" some of the liberals on here have resorted to their own stereotypes. I've been to Okinawa, Korea and Ireland so I have traveled more than some people I know so that dog won't hunt.
OMG - What are you talking about? These clips are taken WAY out of context. McCain said LOTS of times during the debate on Friday that he vows to STOP GOVERNMENT WASTE. He *hates* the bailout - even if now he concedes that it might be necessary. Obama is the one proposing 800 mil in new spending!! When McCain called him on that during the debate, instead of denying it, Obama said "I don't know where John gets his figures" - typical politician BS. Sorry Perezzers, you got it wrong on this one. Otherwise, I love your site =) ~ a.sky
I'm no fan of McCain, but without a $700 Billion to $ 1 Trillion bail-out from the American government, America will plunge into the worst recession in global history.
Not to mention the consequences for us in the rest of the world. The
greedy stupidity of American financial institutions is to blame. Yet another example of American ignorance reeking havoc on world markets.
Dustin, South Africa
And do you understand, that the Christian mindset is tantamount to a cult? Scientifically, it is a fear-based psychological condition. Re: uraPIGperez –
I can't prove God exists anymore than you can prove he doesn't exist. We will both go on faith. You have faith God doesn't exist. I have faith He does.
Uh, Didn't Obama speak for this also??? Obama voted yes. You are a liar Perez. I am so sick of your tired misleading posts.
The USA are not so great, Cotton … really, not great at all. Most americans think so, the world thinks so; self-proclaimed greatness just doesn't last forever. I know, I know - hard to swallow and that's why you're so angry. Re: Darrynito –
I don't think we are great or perfect. I don't, however, believe we are the worst in the world. There are far worse places in this world to live and work. Of course, people like you think we are equivalent to Saddam Hussein who filled mass graves with his people, had some of his people fed, feet first, into shredders and whose sons regularly raped Iraqi schoolgirls.
Re: uraPIGperez –
Please. What hurts those countries is their corrupt government's taking the aid we give them and using it for themselves(i.e. the ruling class or dictatorships) and not the people in their general population which is who the aid is intended for.
P.S. the UN doesn't even count the money private American citizens donate to private charities who use the donations to help other nations. The UN only counts what our government gives in aid.
fuck I hate it when i sit w/ my morning java to read my Perez, only to find out PIG has taken over……again…..isn't it about time you get back on your feet and move on??
.
.
p.s. COTTON….you do realize pig will argue the color of the sky…dont waste your time
Re: uraPIGperez –
Look simpleton, I don't like McBullshit and sho' won't be voting for him but I have to say one thing about McCain and that is:
A. He served in the military, at least, and that makes him more qualified to be a Commander in Chief than O.
B. McCain is and has always been a budget hawk. At least I can honestly say that our current deficit is not because of McCain.
People need to wake up and realize that either way we're screwed if one of these candidates win. This whole 2 party system has become a joke. Its just a way to divide people and keep them arguing while the Republocrat party sits and laughs all the way to the bank with their lobbyist friends. It would be smarter for people to start supporting some of the smaller parties such as the: Libertarian Party, Constitution Party, Green Party, and some of the smaller candidates such as Ron Paul. These people only want a bigger stake in the elections, or even a bigger change such as the addition of more parties to the election system but they're constantly snuffed out by biased media sources because Corporate America has such a stranglehold on everything that has to do with politics. Any hint of truth and people scream DO NOT WANT and shut it out. Wake Up People.
Re: Missy1982 – the republicans have been fucking americans up the ass for 8 years. i think you're a little confused, or just fucking retarded.
From today's Wall Street Journal - What They Said About Fran and Fred
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House Financial Services Committee hearing, Sept. 10, 2003:
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Rep. Barney Frank (D., Mass.): I worry, frankly, that there's a tension here. The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios
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Rep. Maxine Waters (D., Calif.), speaking to Housing and Urban Development Secretary Mel Martinez:
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Secretary Martinez, if it ain't broke, why do you want to fix it? Have the GSEs [government-sponsored enterprises] ever missed their housing goals?
House Financial Services Committee hearing, Sept. 25, 2003:
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Rep. Frank: I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing
Re: sweetpiece – Obama = Big Trauma
Re: Missy1982 –
Funny how everything was great when Clinton was in office.
ANd then when Bush came into power everything went down hill.
Don't blame democrats for the silly republicans mistakes.
but without a $700 Billion to $ 1 Trillion bail-out from the American government, America will plunge into the worst recession in global history.Re: dustinsa –
Personally, I think this administration, Henry Paulson and some in congress are using scare tactics to pressure congress into rushing through a bill that may or may not even help this situation. There is no way we can know if this $700 billion will fix the problem(I don't think it will). I believe it will make it worse in the long run. This "bailout" is a band aid. All congress seems to do is make everything worse with their incompetence. WE don't even have $700 billion dollars. We keep printing money out of thin air. I want to see Congress repeal both the Sarbanes-Oxley and the Community Reinvestment acts before they do anything else. Those are two laws that have helped put us in dire straits, economically speaking.
Rep. Waters: However, I have sat through nearly a dozen hearings where, frankly, we were trying to fix something that wasn't broke. Housing is the economic engine of our economy, and in no community does this engine need to work more than in mine. With last week's hurricane and the drain on the economy from the war in Iraq, we should do no harm to these GSEs. We should be enhancing regulation, not making fundamental change.
Mr. Chairman, we do not have a crisis at Freddie Mac, and in particular at Fannie Mae, under the outstanding leadership of Mr. Frank Raines. Everything in the 1992 act has worked just fine. In fact, the GSEs have exceeded their housing goals
Rep. Frank: Let me ask [George] Gould and [Franklin] Raines on behalf of Freddie Mac and Fannie Mae, do you feel that over the past years you have been substantially under-regulated?
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Mr. Raines?
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Mr. Raines: No, sir.
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Mr. Frank: Mr. Gould?
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Mr. Gould: No, sir. . . .
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Mr. Frank: OK. Then I am not entirely sure why we are here. . . .
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Rep. Frank: I believe there has been more alarm raised about potential unsafety and unsoundness than, in fact, exists.
I don't care for either candidate personally. However I cannot stand George W. and McCain seems to be another George W. (with that whistle when he speaks). Not to mention the complete idiot he chose as a running mate. Obama all the way for me. ANd yes, McCain does look like Grandpa from "Texas Chainsaw Massacre" Leona's Ghost! I knew he reminded me of someone! LOL!
Re: Missy1982 – OH NO YOU DIDN'T SAY THAT!!!
Nobody PRESSURED those lending insitutions…THEY GOT GREEDY and were able to get away with bullshit predatory loans because of years of NEOCONS deregulating the financial industry…
Go to Wal-mart, get a grip…and BUY A CLUE!!!
Senate Banking Committee, Oct. 16, 2003:
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Sen. Charles Schumer (D., N.Y.)i: And my worry is that we're using the recent safety and soundness concerns, particularly with Freddie, and with a poor regulator, as a straw man to curtail Fannie and Freddie's mission. And I don't think there is any doubt that there are some in the administration who don't believe in Fannie and Freddie altogether, say let the private sector do it. That would be sort of an ideological position.
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Mr. Raines: But more importantly, banks are in a far more risky business than we are.
Re: uraPIGperez – Here's a truth for you. If those terrorists from "your" country had stayed their asses home on 9/11, we wouldn't be in Iraq right now. Here's another truth. We HAVE helped your people and I say your bc you said "our land,oil ect" We have helped to feed the kids and adults and given them medical treatment. However you never see much of that on the news, why, because bad news travels fast and the good is seldom if ever recognized. I suppose giving them jobs as interpreters and whatnot over there is evil as well.And how about pumping God only knows how much money into your country to help rebuild it. Not to mention offering those and their families refuge here in the United States. Is that a bad thing too?Wow, we really are selfish and evil. Btw it was more than 3,000 people that your buddies killed so instead of coming on here talking total shit about the US, why don't you hop on your prayer rug and think about those truths.
Re: Lala11_7 –
No bitch, Repubs tried to regulate Freddie and Fannie. Dodd and Frank, both Dems, said Freddie and Fannie were just fine, when clearly there was reason to suspect otherwise.
Re: Lala11_7 – Post 267
See post 265. Rep Barney Frank asks the directors of Fannie and Freddie if they are under-regulated. The director of Fannie, Franklin Raines says - No. Franklin Raines was appointed by Clinton. He is now an adviser to Obama.
Re: dustinsa – If we have a bailout we will probably go into a very slow time for about 10 years. If we don't have a bailout, looks like a moderate depression for about 3-4 years. I'll take the depression and suffer thru it.
The recent housing bill gave the government nearly $1 trillion in authority to purchase mortgages. McCain is urging the president to do what Bush already has power to do instead of waiting on Congress for the bailout. What an awful man McCain is, wanting the president to use his power to save people's homes!
perez- i love your site, but it is SO frustrating that you post things that are so one-sided. don't get me wrong, i think mccain has flaws, but SO DOES OBAMA, and you NEVER acknowledge the opposing view. that is NOT a sign of a good or intelligent writer/blogger.
Re: Mouser – Amen!!
Re: URnot1stdumbass – Finally, words of wisdom. And for all of you uninformed, Obama wants to give even more. Look it up.
Re: ncgalstuckinga – YOU ARE PROBABLY ONE OF THE MOST IGNORANT & RACIST PEOPLE I HAVE EVER SEEN. People like you are the reason why the WHOLE WORLD hates americans. And yes, the whole world hates us, whether you retard republicans want to see it or not. how about you get your head out of bush's ass for a second and really look at all the damage we've done to a country who had NOTHING to do with 9/11. how can u justify that? the soldiers that are in iraq ow are not heroes, they're murderers.
Wow…..the repubes come out at night…just like blood sucking vampires. Interesting.
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Another interesting note….this morning while getting ready to go to work…was watching the today show and guess what I see….an attack ad from McLame & a positive ad from Obama.
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McCain….more of the same. Palin….she keeps on failing. Vote Obama….you know you wanna. Oh yea!!
Cottonquinn [199] says: Where in the Bible is the USA specifically mentioned, you putz?
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Exactly!! You stupid putz. Pay attention. I never said it did. I was very clear in stating that it is the Christian Republicans who post that, and it is "their " interpretations that the verse in Revelations is referring to America.
:l
Look at the crazy Athiest calling a Truthist an Athiest.
:l
Well, he's already said that he aspires to be a dictator, so what else should we expect than for him to behave like a dictator instead of a public servant?
Re: Jessi H – yo pictur look nice… i got a big one, you like dat?
Cottonquinn [201] says: Atheists are just as zealous in their denial of the existence of God as Christians and Jews are zealous in their belief of God's existence. This makes Atheism just as much a religion as any other.
:l
Wrong again. Religion is defined as "a strong belief" in a supernatural power or powers that control human destiny."
:l
Atheism cannot be defined as a religion, because it does not fulfill the definition of the word, since there is "no belief" in a supernatural power or powers that control human destiny.
:l
snap~
try a little less talkn and a lot more learnin'
:l
Okay, I don't agree with that but this is a mess, something that we'll be paying for over many years. Everyone deserves a home . . . NOT! Did anyone notice some of the "pork belly" spending added onto the bailout bill? I think this whole country has gone nuts.
Re: erhg74 – Why spend money on people who don't belong here? I do agree that it is unsettling to not know where and who the illegals are, however I don't think we should spend money to ID them. Round 'em up and send them home. In my humble opinion, that is money better spent. I don't live in a small town and I don't have a racist priest. Your imagination is in tact anyway. I am not a Republican. I do live conservatively, however. I pay my bills and taxes. I have a prime mortgage on my home. I bought what I could afford and no more. I live in one of the most costly areas in the country (2 miles from Harvard University) so my home is not a palace but it is good enough (for now). When the real estate market turns around I'd be very happy to sell and buy my dream home. Until then, I will wait along with everyone else in my situation. Back to the point. Illegal aliens do not belong here, they do not deserve jobs here, or anything else. America welcomes those who enter the US legally and those that do become US citizens deserve everything that natural born citizens deserve - life, liberty and the pursuit of happiness. Thank you for sharing that you are of Latin background. I am of French (Canada and France), English, and Italian descent. What a great melting pot we live in!!!
DON'T VOTE FOR THIS GUY!
PLEASE AMERICA!
VOTE OBAMA!
Re: Lady Astor – Vos sos de Argentina? a ver.. hablame en espa#ol. I don't believe there could be something such an Republican Argentinian.
He has said many times he is a dictator! He even said at a public appearance yesterday! God Help Us if he gets in power!!!
Cottonquinn [248] says to Laurent [231] – Oh yeah, "respectful" are the foreigners on this very thread who call Americans "terrorists". That's tres fucking respectful. If this is your idea of "respectful" then I want a different dictionary.
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I can help you with that. You are not being dis~respected, you simply fit the definition of the word "terrorist", according to the definition published by your own U.S. State Department:
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"terrorism ~ premeditated, politically-motivated violence perpetrated against non-combatant targets"
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America is absolutely a "terrorist", by your own definition, to the 1.5 million Iraqi children who have been killed by American soldiers in a politically-motivated war that carelessly sacrificed the lifes of non-combatant babies and children.
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it is what it is, baby
pull your head out of your ass and have a look around
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Re: gemma0505 – I don't understand why Osama is still around either. But, I stand by the fact that Bush had overwhelming support to invade Iraq, and even Dem Bill Clinton saw that Saddam Hussein needed to be removed from power.
John "I don't care about other people's money" McCain and Sarah "I'm going to not answer your question directly" Palin. Yeah, I think I'm going to pass on that one.
Re: Cottonquinn –
Cotton, your defense to rational arguments is insult … it's a common trade amongst us and one reason why America is in such bad shape … also: look up "Russell's teapot" - insert "God".
Cottonquinn [251] says: I can't prove God exists anymore than you can prove he doesn't exist. We will both go on faith. You have faith God doesn't exist. I have faith He does.
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You totally blew over the issue by making some bogus announcement off topic, which was, that Christianity is a cult. Definition: CULT ~ "followers of an exclusive system of religious beliefs and practices"
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There now, are you starting to get it? That is not to say that there is not a supreme being in the universe; but rather, that "false Prophets" claiming special knowledge and demanding that their "flocks" accept and obey their specific doctrines and interpretations is absolutely culting, especially since they are not consistent in their doctrines and interpretations. Homosexuals claim to be Christians, but that is not possible, since Christians have to be true followers of the Word of God [Bible], and it is a contradiction to oppose His Word that man shall not lay down with another man in lust. So, they breakaway from the true form, which has resulted in Episcopaleans and Catholics and Protestants, and they all adjust their interpretations of the same [Bible] in a manner to suit their circumstances.
:l
Can you really not see the hypocracy there?
Re: uraPIGperez – Don't blow a gasket dude. I think we get your point.
Re: uraPIGperez –
yeh, i never got that: the church on one side of the street doesn't want me because i'm gay and a sinner, and the church on the other side embraces me saying i'm not a sinner - both are reading from the same book and pray to the same god … strange!?! not really, they just cherry-pick the phrases they wanna believe in - THEY determine what's good and bad (not god) … just like a colleague of mine who skips over, denounces and discredits any article in scientific journals that contradict his beliefs, yet devours everything else …
mamajud [255] says: fuck I hate it when i sit w/ my morning java to read my Perez, only to find out PIG has taken over……again…..isn't it about time you get back on your feet and move on?? p.s. COTTON….you do realize pig will argue the color of the sky…dont waste your time
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Damn straight, Mammi. We don't step in your American Bullshit when you try to tell us what we see. That shit might work on the simple American lemming, but it doesn't spin in my cirlces.
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fk it trillion times
Re: Cottonquinn –
hm, I think all "conservatives", also in my country, have a few things in common: hypocrisy in general, being close friend with the rich and with corporate managers, emphasizing "old values" such as family, church, honesty, a.s.o. but NEVER living according to those values THEMSELVES! That s why I am NOT what you d call "conservative" ina political sense….I tend towards the ecology party in my country. They already participated in our local, state and national governments for many years. Munich, e.g., the MOST PROSPEROUS city of Germany with by far the LOWEST number of unemployed people, has been under social-democraticecological municipal reign for about 15 (!) years now!
So, you see, a community or state can flourish under social democratic and ecological parties MORE than under conservatives rule!
By the way, "conservative" party CDU in Germany I guess is what you in the U.S. would call a "leftist party" and our Social Democrats (SPD) I suppose would be communist für right-winged US people!
We do not have any as much CONSERVATIVE Parties in Germany as your "Republican" Party is….
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Re: Bavaria – We know how far YOUR people take conservatism if allowed.
Re: Mouser – The government does not spend money by ID people, every time you and me have gotten any form of ID we pay for it and we are Americans. If you are so interested in the topic you should document the facts. If you read a bit about it you will understand that your way out of the problem is absurd and the issue in matter beyond complex. Each individual is a different case, for example you will find illegal aliens who have been in the country for more than 10 years, even married to US citizens and with US citizen kids in school and bad legislation don’t give them a way to adjust their status. You way had been suggested by many ultra right wing characters, people knowledgeable in the matter explain to them that it would shake the grounds of many different basic industries in the country, and these statements are backed with scientific studies. The government would do have to do an extraordinary way beyond logical investment sending for removal 12 million people (human force, retention costs, cost of opportunity, etc.) . After all this massive movement, the Court needs to analyze and evaluate each individual case. And all these to satisfy a stupid xenophobic feeling of some right wing people. We would end up more badly affected than benefit. That’s why government does not take that approach.
I always refer to that simple issue as metaphoric way to demonstrate what the real republican agenda is when it comes to term of National Security. It’s just about fear propaganda and lots of racism and xenophobia. I do remember back in the days they institutionalized all these regulation on the ID system. All of the sudden I had to carry my green card (I was a permanent resident those years) everywhere because it was needed even in order to open a bank account. I was working for government at the moment and all of the sudden I was in a position where I could not get more contracts in my firm cause I was not a US Citizen. Fortunately for me I was eligible for citizenship at that time. But when it comes to contrast the facts on 9/11 and what happened, I personally blame government as the second responsible in the failure to determine who was plotting on planning so (even when they were warned). At that moment the terrorist were inside our ID system. At least we knew who they were. Translate it to today’s date. Now we just don’t know who is plotting (if there is any) because we are just totally blind and we have no clue. Meanwhile we have millions of people struggling who came to this country with the humble dream of a better life paying for it. Again, just a good excuse for many right wing republicans to push a xenophobic agenda that puts in Jeopardy National Security with the blame excuse of “National Security” that people like you believe. Good day.
Re: Cottonquinn –
QUOTE: "Re: Bavaria –
Oh that's right, you fucking euros love to think you are sooooooo superior to us.
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No, we think that economically FIRST is China, then India, then Asia, then Russia, and then ….long GAP………..the US! In ethical-moral sense of course the order would be different…
We did in 200 years what it took you sooooo much longer to accomplish. As for the theory of separation of church and state, which is completely misinterepreted by liberals, separation of church and state was supposed to protect religion from government not the other way around.
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Cottonquinn [256] says: Look simpleton, I don't like McBullshit…but…"
A. He served in the military, at least, and that makes him more qualified to be Commander in Chief than Obama.
B. McCain is and has always been a budget hawk. At least I can honestly say that our current deficit is not because of McCain.
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Bullshit. McCain is as much ingrained in the current Administration as George Bush himself. I can't believe you said that.
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It has been 35 years since McCain served in the military. It has been 50 years since he graduated (fifth from the bottom of his class) from the Naval Academy. He has no university education. He cannot operate computers and other modern-day technologies. And you have no right to reward him with the Presidency, just because he is a POW; to do so is denying equal honor and payment to all POWs.
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In 1991, Barack Obama graduated from Harvard Law School, where he was the first African American president of the Harvard Law Review. That is an outstanding accomplishment for anyone to achieve, and a great benefit to the position of President of the United States.
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Clearly, promoting the "best candidate" for the job is not being undertaken.
@cottonquinn:
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By the way, how is Shariah law(wait I thought you had separation of church and state) working out in Europe now? You Euros totally gave into islam in the name of political correctness and fear so there goes your whole separation of church and state.
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I must admit, your latter point is correct! The German press and politicians and judges at German courts indeed did unfortunately "give in" in a certain way to Muslim immigrants, because of our Nazi past tehre s too much "political correctness" in Germany of today!
And this is why I think about no longer voting "green", the party that totally ignores and lies about the percentage of Muslim violent crimes in Germany! (FYI: 90 % of ALL inmates sentenced for violent crimes such as 1st n 2nd degree murder are Muslim immigrants from Turkey, Afghanistan, Iraq a.s.o. If you come to Munich as a tourist, for example, you stnad a good chance meantime to get robbed and - if you re a woman - molested by uneducated primitive Muslim immigrants to Germany!