McCain ad: “Enough is Enough”
posted at 4:35 pm on September 16, 2008 by Ed Morrissey
Share on Facebook | regular view
John McCain’s new ad moves back to the issues, and addresses the financial crisis dominating the headlines. It also moves away from Palinmania and inside baseball in the election and projects an image of strength and leadership, two qualities in which McCain already has a large edge over Barack Obama in recent polling:
JOHN MCCAIN: The economy is in crisis. Enough is enough. I’ll meet this financial crisis head on.
Reform Wall Street. New rules for fairness and honesty. I won’t tolerate a system that puts you and your family at risk.
Your savings, your jobs … I’ll keep them safe.
ANNCR: Experience and leadership in a time of crisis.
The mood of the nation has changed, and the McCain campaign has shifted quickly to a more serious tone. Given the complicated nature of financial-market reform, neither candidate can squeeze much detail in their TV spots on this topic. The best either can do is use broad themes to assure nervous Americans that they can deal with a crisis and have a plan for resolving it and preventing more financial meltdowns.
In that sense, both campaigns could have put out this particular ad. The question, though, really isn’t about reforming Wall Street, but instead reforming Washington. This crisis started because of government interference in lending markets, and it will repeat until government learns to stop dictating lending policy and avoid guaranteeing lenders.
Which campaign truly gets the problem? We probably won’t guess it from the spots they produce over the next few days, so McCain and Sarah Palin will have to make sure they make it part of their stump speeches. McCain got it right in his two Wall Street Journal essays, and he needs to keep explaining it on the campaign trail.
You must be logged in to post a comment.

















Blowback
Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.
Trackbacks/Pings
Trackback URL
Comments
Comment pages: 1 2 Next »
Yes. MORE OF THIS.
JustTruth101 on September 16, 2008 at 4:38 PM
He needs to go after Obama on his links to these companies. Instapundit has a great ad template ready to use. It’s vicious.
lorien1973 on September 16, 2008 at 4:38 PM
They MUST be specific and POINT out that it was DEMS that didn’t feel we needed lending restrictions.
originalpechanga on September 16, 2008 at 4:39 PM
Exactly, we want to vote for the tough old bastard who’ll be YOUR bastard….
Bambi looks like “I was a teenaged candidate” we need to stress McCain’s wisdom accentuated with Sarah’s youthful enthusiasm.
sven10077 on September 16, 2008 at 4:39 PM
He’s got to get out from under the idea BO is promoting that this is a REPUBLICAN problem. Its a WASHINGTON problem. And Obama/Biden have more years in Washington than McCain/Palin. He’s got to get specific about why what went wrong isn’t his doing.
ctmom on September 16, 2008 at 4:39 PM
I like it! Is it just me or does McCain have higher production values than Obama when it comes to ads. They just seem more polished.
DanStark on September 16, 2008 at 4:40 PM
Extending his foreign policy strength (keeping us safe) to economics. Smart play.
John on September 16, 2008 at 4:40 PM
When’s McCain going to make an ad that talks about what he did about it over the past 8 years?
Dave Rywall on September 16, 2008 at 4:40 PM
Once again, Schmidt with his finger on the pulse of the nation.
YellowDawg on September 16, 2008 at 4:40 PM
That’s much better than the victim stance they’ve been taking. Keep hammering.
AubieJon on September 16, 2008 at 4:41 PM
No need to get all partisan and attacky on this one. The voters are now test-driving each of these men as potential presidents. Only McCain is acting like one. Obama is acting like he still doesn’t even have his own party’s nomination sewn up.
rockmom on September 16, 2008 at 4:42 PM
Yes.
BadgerHawk on September 16, 2008 at 4:42 PM
are we sure this is the right message? this is starting to sound like a reform crusade without an end… McCain talked about a 9/11 type financial commission, I presume bipartisan, which means we’d have a bunch of squishes overreact with recommendations to regulate business to death… we should be careful here. McCain was actually right the first time, the fundamentals of the economy ARE strong, we haven’t had a single quarter of decline in GDP. lets all take a deep breath. we don’t need a campaign finance reform type overreaction, like what happened with Sarbanes-Oxley after Enron.
thankful on September 16, 2008 at 4:42 PM
Good! I was afraid they were going to continue with the whole we’re victims theme of last week.
Browncoatone on September 16, 2008 at 4:42 PM
When a Republican says this, they mean it. When a Democrat says this, it’s just because they know that’s what you want to hear.
Hening on September 16, 2008 at 4:42 PM
You mean like warning people that this was coming?
When is Obama going to talk about all the donations he took from these companies. How his advisors are former CEOs of these companies?
lorien1973 on September 16, 2008 at 4:43 PM
McCain was not on the Senate Banking Committee. Maybe you should ask Chuck Schumer what he did the last 8 years when he was on the committee and it was bottling up the Fannie/Freddie reform legislation and forcing HUD to withdraw a RESPA reform rule that would have saved consumers billions..
rockmom on September 16, 2008 at 4:43 PM
Dave Rywall on September 16, 2008 at 4:40 PM
when are you gonna crawl back in the toolbox you slithered out of?
stlpatriot on September 16, 2008 at 4:43 PM
I think there was something about how McCain fought for the surge that is winning the Iraq war, but I could be wrong.
Back to your old snarky style of comments I see. Does it have anything to do with Obama only being down 1 in the latest polls? Either way, it suits you much better than the sour loser you’ve been acting like the past two weeks.
BadgerHawk on September 16, 2008 at 4:45 PM
boo hoo. I think I’ll take a pocketful of money down to the Platinum Club for some single malt and lapdances. boo hoo. If I’m lucky, maybe the hooers will have shaved their Obama’s.
marklmail on September 16, 2008 at 4:45 PM
It says “REFORM REFORM REFORM,” but what about the reiteration of his previous stance yesterday when he said:
“The fundamentals of our economy are strong.”
Isn’t this just pandering if he honestly believes what he said yesterday?
an_abstraction on September 16, 2008 at 4:45 PM
I’m a concerned Christian, and I must admit that while I support John McCain on a number of issues: KEEP YOUR HANDS OFF THE MARKET J-MAC.
IRRESPONSIBILITY is our main culprit here. As much as anything else, this is due to a society that was convinced they “deserved” something that they could not afford.
Meanwhile the rest of us kept things realistic, and for one, I am DAMN glad that I am not being forced to bail out the braindead for their own, random acts of irresponsibility.
So simmuhda, na, J-Mac.
ChipDWood on September 16, 2008 at 4:46 PM
See, to me I think the fundamentals of our economy are free markets and capitalism. Is that not strong?
Oink on September 16, 2008 at 4:47 PM
OT somewhat: Russia suspends trading on stock exchange when prices fell 17 percent. Amen to that slide, the Bolsheviks get instant karma!
Russia halts trading after 17% share price fall
By Catherine Belton and Charles Clover in Moscow and Rachel Morarjee in London
Published: September 16 2008 15:07
Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell.
The heads of the Russian central bank, the finance ministry and the financial market regulator met on Tuesday night for an emergency discussion on ways to halt the crisis.
Margin calls forced domestic traders to liquidate positions and brokers pulled credit lines. At least one Moscow bank failed to meet payments.
The rouble-denominated Micex Index closed 17.75 per cent down, the sharpest one-day drop since the August 1998 financial crisis, while the dollar-denominated RTS index closed down 11.47 per cent, its lowest lvel since January 2006.
Interbank money market rates climbed to 11 per cent, their highest since a mini-banking crisis in summer 2004.
Chris Weafer, chief strategist at Uralsib investment bank: “We’re in completely uncharted territory where the prevailing emotion is of fear and numbnes. No one knows where this could stop”.
Alexei Kudrin, finance minister, insisted that the financial system was not in a systemic crisis but the central bank injected a record $14.16bn in one-day funds into the money market.
The finance ministry also placed an additional R150bn ($5.8bn) in one-month deposits into the banking system. Konstantin Korishchenko, central bank deputy, told Russian news agencies that the bank and the finance ministry could provide a total of $117.6bn in liquidity to the banking sector.
But market players said banks were ceasing to lend to second and third-tier companies and brokers were pulling credit lines. KIT Finance, big Moscow investment house confirmed rumours that it had been unable to make payment on a series of short-term loans.
It said: “In connection with the fact that a series of our clients did not meet their obligations to our bank, we have not met our obligations to our counterparties.
“We recognise our responsibility to our counter-parties and to the market and we are working intensively to resolve the situation.”
Andrei Sharonov, managing director of Troika Dialog, a Moscow investment bank, and a former deputy economic minister, said: “This is a vicious circle,” said , .
“It is a situation of total mistrust. The liquidity crisis is being caused by a crisis of confidence in which people are frightened to borrow and frightened to lend.”
Shares in Russia’s biggest state-controlled banks led the slide with Sberbank, the state-controlled savings bank, closing 21.72 per cent down and VTB losing 29.26 per cent. The bank was suffered on investor fears about its securities portfolio, which makes up about 10 per cent of its assets.
eaglewingz08 on September 16, 2008 at 4:47 PM
**** This is an automated reply from the Bullshit Detector at HotAir.com ****
Your recent post contained troll-like characteristics that resemble the type of message written by spoiled liberal elites, college students who have recently overdosed on Noam Chomsky, Kos Kidz, Huffers, DUmmies, moonbats or genuine all-purpose douchebags.
In order to prevent another thread being hijacked, we ask that you kindly rewrite your post in the following format:
1. Premise or premises
2. Argument or arguments in support of your premise(s)
3. Evidence or links to evidence in support of your argument(s)
4. Conclusion of your argument(s)
Please respond to the items listed above. Your message will be sent to the appropriate department for response. If you need assistance or require additional study, refer to any of the posts made by Ed Morrissey or AllahPundit.
Based on your answers, a thoughtful reply or instructions to FOAD will be provided.
Thank you for writing to HotAir.com.
Sincerely,
Troll Early Warning Detection Team
ManlyRash on September 16, 2008 at 4:47 PM
Come on, have a little intellectual honesty. I’m sure ‘100 years’ and ‘5 million’ and ‘fundamentals’ plays well over at kos, but chopping quotes doesn’t work here.
BadgerHawk on September 16, 2008 at 4:48 PM
Hannity just read from the minutes of the Senate in 2005 of a speech John McCain made about Freddie Mac and Fannie Mae. He needs to see if C-Span has a clip of it or just read it as an ad. He had them nailed then and what he suggest could happen is what is going on. Very interesting. It needs to be heard by the masses. If it is in the ad sorry, I am at work and can’t watch it right now.
Cindy Munford on September 16, 2008 at 4:48 PM
Show some intellectual honesty and complete the quote.
Is anyone else tired of this? I know I am.
lorien1973 on September 16, 2008 at 4:49 PM
No. One can do major reconstruction of a house without having to touch the foundation.
ManlyRash on September 16, 2008 at 4:49 PM
Sorry, but there’s just a whole bunch you’re missing. You think this was brought on my foolish borrowers? Puh-leeze!
Oink on September 16, 2008 at 4:49 PM
ATTACK CONGRESS JOHN ! Stop reaching across the isle
William Amos on September 16, 2008 at 4:49 PM
Obama will jump on this for the same reason Fowler was joking about Gustav: Disaster is to Democrats what road kill is to vultures.
It is hard to counteract that kind of thing. Look whose talking..will only get you so far. But I bet a lot of people have already figured this out.
But you know what? Things like this happen, they always have. Back when government was laissez faire there were corrections, depressions, recessions and scandals on a regular basis. The problem is today, people expect everything to run smoothly all the time.
Terrye on September 16, 2008 at 4:49 PM
In polls, when people are asked, “How are things in your life, financially?”, they overwhelmingly say “Good”.
*
When asked, “How are things with other folks in the US, financially?”, they overwhelmingly say, “Horribly”.
*
The media is brainwashing people. The fundamentals are strong.
marklmail on September 16, 2008 at 4:49 PM
People don’t seem to realize the world is in a downturn right now, and the U.S. is weathering it a lot better than most nations. I’ll have to search for a link but a few weeks ago Spain’s economy took a real nosedive, not a 1% growth nosedive.
BadgerHawk on September 16, 2008 at 4:50 PM
Nope – save the attacks for direct personal clashes – counterpunches – during the debates or when and if some media shill puts the Dem talking points to you.
Everyone inclined to hate the Dems already hates them. Everyone who already hates the Reps isn’t listening.
The contrast between the McCain’s and Obama’s that got McCain the lead was McCain’s insistence on reform above party – Country First – as compared to Obama’s partisan blame game. Which approach do you think works best with swing voters and late-deciders, the one that calls them ugly names today for the sentiments they held held yesterday, or the one that invites you to get behind a strong leader and fight for what’s right regardless of party?
Sure, it’s simplistic. This is exactly the correct response. McCan’s message is a lot more attractive to weakly partisan voters. If he maintains it, he’ll clean up on undecideds and voting booth conversions. Unless you’re a card-carrying member of Nutroots International, or an MDS-demento always ready to burst a vessel over Shamnesty!!!!!, something which NO swing voters are by definition, it’s really very difficult to look at or listen to John McCain and think “this is the lyingest liar ever to lie his way to power.”
CK MacLeod on September 16, 2008 at 4:50 PM
The stressed-sounding female voice was a bit much, really. It’s like damn, OK, don’t freak out lady.
Seixon on September 16, 2008 at 4:50 PM
What can I say? I got tired of sparring with trolls.
*shrugs*
I guess it’s back to sparring.
ManlyRash on September 16, 2008 at 4:51 PM
Why do you think McCain isn’t playing this winning hand? Yet?
And he’s not pushing for oil drilling as hard as he could either.
Both of these are winners, everywhere in the country.
lorien1973 on September 16, 2008 at 4:51 PM
Shhhhhh, abstract, the adults are talking.
This is good strong message from Mac, just enough definition to let people know he’s serious, but not enough detail to make the eyes glaze over.
Obambini is busy blaming everyone else, Mac just says, “let’s fix it”.
Bishop on September 16, 2008 at 4:51 PM
I’s like to see an ad on Fannie Mae listing the names, pictures, bonuses and party affiliation of the executives and board members. Simple voice over. 30 seconds.
Cody1991 on September 16, 2008 at 4:52 PM
You know what? I agree with you – I don’t think our economy is tanking as hard as everyone would like us to believe.
I just think that McCain’s comments yesterday, however true, aren’t what people want to hear right now. And now to come out with this ad makes it look like he doesn’t know what he’s talking about.
an_abstraction on September 16, 2008 at 4:52 PM
Just ignore them then. That’s what most of us do. Just point out the illogical nature of the post and move on. Feeding them by pointing them out is silly.
lorien1973 on September 16, 2008 at 4:52 PM
Between this and us both bitching about McCain’s crappy campaign management this week, you’d think we were coordinating our message.
BadgerHawk on September 16, 2008 at 4:52 PM
and have Sarah Palin writing major Editorials about Drilling and Energy Indpedence, refuting the Gang of 10 idiots in the Senate
jp on September 16, 2008 at 4:52 PM
You mean like warning people that this was coming?
When is Obama going to talk about all the donations he took from these companies. How his advisors are former CEOs of these companies?
lorien1973 on September 16, 2008 at 4:43 PM
————-
Repubicans have been in charge for 8 years. McCain’s a Republican.
Obama (9.9 million) and McCain (6.9 milion) both gotten more money from employees of securities and investment companies than any other. McCain AND Obama have plenty of filthy rich big boys contributing to their campaigns, so what’s your point?
Dave Rywall on September 16, 2008 at 4:53 PM
Unless you’re just one who enjoys self flagellation, why don’t you leave and never come back?
rplat on September 16, 2008 at 4:53 PM
Dave:
The Bush administration actually did try to intervene a few years ago. As for John McCain, he has never been a fan of Freddie Mac and Fannie Mae, unlike Joe Biden and Obama. In fact Obama had two former Fannie Mae CEOs on his campaign until their presence became an embarrassment. And then under the bus they went.
Are you still promoting the lie that Palin lied about how much oil Alaska produces?
Terrye on September 16, 2008 at 4:53 PM
Dave Rywall on September 16, 2008 at 4:40 PM
when are you gonna crawl back in the toolbox you slithered out of?
stlpatriot on September 16, 2008 at 4:43 PM
——–
It appears you’re unable to express an opinion on the topic. Come back when you do.
Dave Rywall on September 16, 2008 at 4:54 PM
That’s actually a fair point.
BadgerHawk on September 16, 2008 at 4:55 PM
McCain is viewing that he will win the Presidency and that the democrats will win Congress. So he cant attack them because he will need them later.
That is utterly and completely STUPID. The dems have shown they will not work with ANY GOP president and its wishful thinking otherwise to keep that hope.
MCCain can flip the house to the GOP if he goes after the democratic congress with both barrels. And he sits and fires not a single shot.
William Amos on September 16, 2008 at 4:55 PM
This is what I like to call deflection.
Obama is #1 or #2 in the list of people who got donations from Fannie Mae. And that was just in 2 years. Dodd is #1 and that’s in like 20 years. 2 of Obama’s advisors are former CEO’s from Fannie Mae and Freddie Mac. $150,000 to Obama bought them $200 billion in government guarantees.
Your lack of outrage is noted.
McCain has been talking about this since 2005. Everyone knew it was gonna collapse at some point. Democrats didn’t do anything about it. But, the guy who got loads of money from these companies, and who has some of the board members in his campaign, now claims some sort of superiority here? Laughable.
Again, only 1 campaign, Obama’s has board members from Fannie Mae on there. Only 1 campaign, Obama’s got $150,000 from Fannie Mae, and a similar amount from Freddie Mac.
Obama’s “advisors” have already cost tax payers $200 billion dollars.
Again, your lack of outrage is noticed.
lorien1973 on September 16, 2008 at 4:56 PM
Obama heard crying, “He’s stealing my teleprompter’s words again!!!!! WAAAAAAAHH!!!”
Enoxo on September 16, 2008 at 4:57 PM
Dick Polman: “The current crisis, particularly the mortgage meltdown, is the direct result of Republican deregulation policies, the notion that Wall Street and the free market works best when supervised least. In reality, that’s when human greed – the dark side of free enterprise – rises to the fore. Not to get into the weeds here, but the housing bubble burst because the commercial banks, stock firms, and hedge funds were allowed to engage in Ponzi-like mortgage swaps – thanks to two deregulation measures pioneered by Senate Republicans back when they ran the chamber at the end of the Bill Clinton era (and, yes, Clinton signed off). Taken together, these two laws seriously loosened oversight of the financial community.
The prime mover behind those GOP deregulation efforts was Senator Phil Gramm of Texas. The name might ring a bell. That’s the same Phil Gramm who has long been tight with McCain – and vice versa, since it was McCain who chaired Gramm’s failed run for the presidency in 1996. Gramm, in his current incarnation as a banker, was also serving this year as McCain’s chief economic adviser until he was bounced from the post after referring to Americans as ‘whiners’ suffering ‘a mental recession.’”
KentAllard on September 16, 2008 at 4:57 PM
I agree that McCain needs to attack congress with both barrels.
But I do not think there are enough competitive races to flip the house. Republicans had a very poor recruiting class because they thought it was gonna be a blowout this year.
lorien1973 on September 16, 2008 at 4:57 PM
Dave:
I realize that you are a Canadian and therefore do not understand how our system works, but the Congress has not been in the hands of the Republicans for the last 8 years. Bush actually did try to take regulation for Fanni Mae and Freddie Mac away from the Congress and was rebuffed and the Democrats have long supported and encouraged an easy money policy.
In fact this whole thing can be traced back to the Clinton administration and the Democrats in Congress. They were very proud of that record and claimed it openly..until things went south. And then they fluttered their eyelashes and said Moi?
Terrye on September 16, 2008 at 4:58 PM
When’s Uhbama going to make an ad which talks about what he did about it over the past six years?
flenser on September 16, 2008 at 4:58 PM
Its funny that the American economy was in great shape surviving 9/11 and Katrina but 2 years after the dems take over congress we are in this mess ?
William Amos on September 16, 2008 at 4:58 PM
Dave Rywall, How about asking any of these Senators instead:
Christopher J. Dodd Chairman (D-CT) Richard C. Shelby Ranking Member (R-AL)
Tim Johnson (D-SD) Robert F. Bennett (R-UT)
Jack Reed (D-RI) Wayne Allard (R-CO)
Charles E. Schumer (D-NY) Michael B. Enzi (R-WY)
Evan Bayh (D-IN) Chuck Hagel (R-NE)
Tom Carper (D-DE) Jim Bunning (R-KY)
Robert Menendez (D-NJ) Mike Crapo (R-ID)
Daniel K. Akaka (D-HI) Elizabeth Dole (R-NC)
Sherrod Brown (D-OH) Mel Martinez (R-FL)
Robert P. Casey (D-PA) Bob Corker (R-TN)
Jon Tester (D-MT)
Mr_Magoo on September 16, 2008 at 4:58 PM
Dick Polman: “McCain quickly put out a statement yesterday saying that as president he would “replace the outdated and ineffective patchwork quilt of regulatory oversight in Washington and bring transparency and accountability to Wall Street” – which is a bit rich, considering the actual fact that he has been in Washington for a quarter of a century and has a virtually zero track record as a reformer of the patchwork quilt of regulatory oversight.
Six years ago, he reportedly did offer one amendment on an accountability reform bill, but otherwise, his long tenure contradicts his “maverick” marketing. In fact, back in the mid-’90s, when the GOP was riding high on Capitol Hill, McCain proposed a moratorium on existing federal regulations, which he insisted were wrecking “the American dream.” And as he told The Wall Street Journal earlier this year, “I’m always for less regulation.”"
KentAllard on September 16, 2008 at 4:59 PM
That reads like a long press release. Do you have a link?
BadgerHawk on September 16, 2008 at 4:59 PM
SLASH AND BURN, MAVERICK! Call em out! Call out the donations from fannie and freddie! Call out the Dems blockage of reform! Call out Clinton and Greenspan for the debacle of changing Glass-Steagall, which had protected this type of nonsense since 1933! CALL THEM ALL OUT!
marklmail on September 16, 2008 at 4:59 PM
Glenn Beck is supposed to have the clip tonight on TV. Rick Davis was on the radio show today and said he’d send it over.
ctmom on September 16, 2008 at 4:59 PM
Kent:
I don’t care what some guy named Dave says. I was selling real estate here in Indiana when Clinton was President and we started seeing these loans come in.
Terrye on September 16, 2008 at 5:00 PM
Pelosi is saying she and other Congressional Democrats have no blame in the current situation. It’s top headline on Drudge.
Enoxo on September 16, 2008 at 5:00 PM
the lady doth protest too much, me thinks.
lorien1973 on September 16, 2008 at 5:01 PM
How about not even taking the bait? Totally ignore – they’ll go away eventually if not encouraged or engaged.
tru2tx on September 16, 2008 at 5:02 PM
You sound an awful lot like one of those concerned Christians popping up all over the net lately. Provide a link for your source material so we can see which Obama partisan wrote it.
BadgerHawk on September 16, 2008 at 5:02 PM
SUCK IT NANCY! Oh, and DRILL!
marklmail on September 16, 2008 at 5:02 PM
This was a wonderful ad, and very reassuring to me.
Loxodonta on September 16, 2008 at 5:02 PM
HEY DILLWEED!
Why don’t you put the BLAME on EVERYONE! Not just the Government! People who have too big an eye for their heads, the banks and mortgage companies who allow them to borrowing knowing they don’t have enough or giving them the option of interest first loans, the Government letting ANYONE buy a house when some shouldn’t be ABLE too (Including 3 time Bankrupties).
Maybe YOU need to get off your butt and GOOGLE. You have the resource, USE IT!
upinak on September 16, 2008 at 5:02 PM
I want YOU too provide LINKS to EVERYTHING you said concerning McCain about this.
upinak on September 16, 2008 at 5:03 PM
Keep up the partial quoting and you could have a lucrative career in the MSM.
Like warning of impending problems from Russia to the budget and more?
And Republicans wanted additional oversight of Fannie and Freddie. Many Democrats, including Barney Frank, said there was no problem with the companies and opposed it.
amerpundit on September 16, 2008 at 5:03 PM
Something for Rywall to look at.
The top three recipients of Freddie and Fannie money? Chris Dodd, Barack Uhbama, and John Kerry.
flenser on September 16, 2008 at 5:03 PM
Kent:
The problem is not with all the regs anyway. Once upon a time no bank would give someone a mortgage if that person did not have a down payment. If people do not have equity in the investment they are not as likely to maintain payments. That was the case long before anyone talked about regs. What changed was a concerted effort to promote 100% loans and other risky loans to people who could not ordinarily get loans with the understanding that they would be bought up by banks. That is the problem.
Terrye on September 16, 2008 at 5:04 PM
Astroturfer.
lorien1973 on September 16, 2008 at 5:04 PM
Dick Polman: “McCain handed Obama a gift yesterday, by declaring that, despite the Wall Street meltdown, “the fundamentals of the economy are strong.” The McCain people quickly realized that their candidate had screwed up (after all, if Obama had uttered those same seven words, the McCain people would have jumped for joy). So they made sure that McCain got out there, within the same news cycle, with a clarification of sorts. McCain soon explained that what he had meant to say was that the fundamentals of the economy are strong because of the greatness of America’s workers. (Which perhaps means that, from now on, whenever Obama talks pessimistically about the state of the economy, McCain will accuse him of being “against the workers,” a distant cousin of “against the troops.”)”
KentAllard on September 16, 2008 at 5:04 PM
Concern trolls, alert. Warning. Warning. Danger, Will Robinson, Danger!
Enoxo on September 16, 2008 at 5:04 PM
LINK… Where is the LINK! Or should I call you troll????
upinak on September 16, 2008 at 5:05 PM
No joke. I can’t even enjoy my lunch right now.
upinak on September 16, 2008 at 5:05 PM
I agree with you. Too bad McCain doesn’t realize that if he loses, he won’t have to work with them. I’d rather work with a congress that hates me, than not work with on that tolerates me.
Don’t regurgitate someone else’s opinion. Think for yourself.
lorien1973 on September 16, 2008 at 5:06 PM
The economy can survive everything but a democratic takeover. The dems are deploying a crash and burn strategy to seize control of everything
William Amos on September 16, 2008 at 5:06 PM
Enoxo:
It kind of makes you wonder why we have a Congress doesn’t it? No matter what happens, they were out of town visiting a sick aunt and had nothinK to do with it.
I sure wish Republicans could win the next election just to get rid of Nancy Pelosi.
Terrye on September 16, 2008 at 5:07 PM
– http://newsbusters.org/blogs/warner-todd-huston/2008/04/29/dick-polmans-skewed-left-partisan-history-lesson
Enoxo on September 16, 2008 at 5:07 PM
You didn’t even bother reading my follow-up where I agreed with McCain, just not the timing of his comments.
an_abstraction on September 16, 2008 at 5:07 PM
flopping aces has a great piece about what Prez. Bush did/tried in 2003 and how the Dimwit dems tried to block him. I think McCain should bring that fact up so this won’t get blamed on Bush.
Mercy4Me on September 16, 2008 at 5:08 PM
Kent:
The fundamentals of the economy are strong. I remember back in 1987 when the Dow lost 22.4% of its value. People were upset, but it was mild compared to this hysteria. But then again it was not an election year.
Terrye on September 16, 2008 at 5:09 PM
And I want a million dollars. Stop screaming and provide them yourself if you want them.
KentAllard on September 16, 2008 at 5:09 PM
One reform I would really like to see is some kind of restriction on short selling of stocks. Short sales can be manipulated too easily and force down stocks of otherwise healthy companies. There also needs to be more transparency and competition in securities ratings and risk classification.
There was a Republican bill in 2005 sponsored by my former Congressman, Mike Fitzpatrick, that created for the first time some semblance of regulation of the ratings agencies, who deserved a large share of the blame for what has happened here. Democrats watered it down at the behest of Moody’s and Standard & Poor’s. Then the Democrats used a photo of my congressman at the bill signing ceremony to paint him as a lackey of President Bush.
rockmom on September 16, 2008 at 5:10 PM
This entire situation started back when Clinton repealed the Glass-Steagall Act. Once again Bubba’s legacy shines brightly like a rusted tin can.
Enoxo on September 16, 2008 at 5:11 PM
McCain at least tried to force some reforms and better oversight of Freddie and Fannie.
And Obama, who’s been in the Senate the last 4 years, has done what exactly?
AZCoyote on September 16, 2008 at 5:11 PM
The fundamentals of our economy are rock solid, so much so that we still have the most dynamic economy in world history, despite a deluge of reality-warping economically illiterate gubmint regulations.
The failures we see in the marketplace recently are incontrovertible evidence of such fundamentals actually working correctly.
What should happen next is that we identify the policies that exacerbated these situations……but we’re far too politically stupid to do that.
Nope….the DC dimwits and their lowbrow enablers will continue to believe that an economy is only ‘working’ when everybody is employed, making money, and living high on the hog. These assclowns do not understand the difference between symptomatic and systematic vis-a-vis the economy.
LimeyGeek on September 16, 2008 at 5:12 PM
Sure are a lot closed minded and whiny bossy people around here today.
KentAllard on September 16, 2008 at 5:13 PM
There are good reasons for short selling. It is a high-risk medium reward venture. The market is not suffering from a lack of oversight if anything we are bearing the 1/2 punch of too much oversight and too big a safety net.
sven10077 on September 16, 2008 at 5:13 PM
I am going to assume you know how to use Copy and Paste…
Hmmm… troll…. same technique as how you just copy/pasted my name and used “quote”! WHOA!
So either you don’t wanna share your sources because you are afraid it will back fire in your face or the fact you are just an idiot on a wild streak.
And BTW I use links for quite a few things. But I am asking YOU for Links. You spew, you link…. jerk!
upinak on September 16, 2008 at 5:13 PM
ChipDWood on September 16, 2008 at 4:46 PM
“Concerned Christian”, huh? Jeez, even when you fools have been outed you still use the same lines.
Give Axelrod a call and tell him to have more than one script, this one is getting stale.
Bishop on September 16, 2008 at 5:13 PM
I didn’t realize a request to form your own thoughts was that difficult. I apologize ;)
lorien1973 on September 16, 2008 at 5:14 PM
It doesn’t matter. You still provided only part of the quote.
So you come here, lay charges, give quotes, and provide absolutely no citation whatsoever. Nice.
amerpundit on September 16, 2008 at 5:14 PM
He can’t, or he’ll be linked with Bush. McCain has been fighting that since the beginning.
lorien1973 on September 16, 2008 at 5:15 PM
/snorts.
What can you say.. Obama supporters can’t say what they know about Obama… you expect them to go anywhere else?
upinak on September 16, 2008 at 5:15 PM
flenser on September 16, 2008 at 5:16 PM
Comment pages: 1 2 Next »