Here's a report about McCain's response to the bailout mess which McCain saw coming.
What's funny about this report is that Obama hasn't laid out the details of a plan but accuses McCain of stealing it :-) And btw, the blather at the end is the Fox News talking heads trying to appear "fair and balanced."
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Yeah...Huffington is one of those "neutral" sources, right? And Barney Frank is so non-partisan.
The fact is that McCain DID see it coming. The fact is, that although that bill died, another bill (sponsored by Hagel) was introduced in 2007 in the 110th Congress.
The fact is, he DID see it coming. The fact is, he was not able to vote on the bill in committee (he was not ON the committee). The fact is, there were twenty members on the Senate Committee on Banking, Housing, and Urban Affairs.
The fact is that Dodd, Reed, Johnson, Carper, Shelby, Bennett all are on the "top recipients" list of Fannie Mae and Freddie Mac. The top recipient list consists of both Democrats and Republicans and Shelby (R) was the chairman of the committee at that time.
McCain did see it coming...but the committee was stacked against him. You may fault him for that, but that is the way congress works. A bill gets sent to committee and sometimes gets stuck there. I'm sure it has happened to Democrats also. It is not right...but it happens.
Jonathan Alter of NEWSWEEK reports in "McCain and the Zigzag Express":
"In truth, McCain voted in favor of every deregulatory effort that came up for a vote during his 26 years in Congress and bragged well into 2008 about his free-market "deregulatory" bent."
Do your homework, Mz. Ellen. There was only one bill, S.190, introduced by Hagel and never scheduled for debate.
McCain "fundamentally a deregulator" McCain isn't going to get away with painting himself as born-again reformer when he's built his entire career on deregulation.
NO WAY, NO HOW, NO MCCAIN.
The fact is, McCain was chairman of the Senate Commerce Committee for many years. He had ample time and opportunity to do something if he "saw it coming," and the fact is, he didn't accomplish a thing.
This week he demonstrated that under pressure he gets muddled, angry and panicky, changes his position within hours, vehemently blames other people, and proposes ridiculous "solutions" off the top of his head, i.e., a blue ribbon commission to study the economy. (How DUMB is that, and what a typical lame reaction of someone who's been in Washington way too long.)
He's simply not Presidential material, regardless of his military service. Obama, on the other hand, was cool, calm and collected. He has surrounded himself with experienced and knowledgeable people like Robert Reich and Paul Volker among many others, instead of doing what McCain has done, taking his cues from among the 177 lobbyists on his campaign, many of whom were lobbyists for the Fannie Mae and Freddie Mac and the banking industry.
Instead of shooting from the hip as did McCain and calling for the firing of Christopher Cox, head of the SEC (an action the president is not permitted to take) and by most accounts one of the most competent and trusted government officials closely involved in this crisis, Obama prudently and sensibly said that everyone should wait until the people working on the problem presented their plan before weighing in.
Even George Will said this morning that Obama looked and acted far more presidential than McCain in this crisis. It's undeniable to anyone who isn't totally in the tank for McCain.
Do your homework, Mz. Ellen. There was only one bill, S.190, introduced by Hagel and never scheduled for debate.
Senate bills "die" after 2 years. S. 1100 Federal Housing Enterprise Regulatory Reform Act of 2007 was not co-sponsored by McCain.
Do your homework, Mz. Ellen.
I did.
Dole, McCain, Sununu sponsored s.109.
Dole, Martinez, Sununu sponsored s.1100
s.1100 is farther reaching than s.109, but it was introduced after s.109 died in committee.
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