Saturday, September 06, 2008

McCain / Obama on bailout

I checked the websites of each candidate tonight and found only Obama to have issued a "press release" on the Mortgage Meltdown and Billionaire Bankers' Bailout:

With today’s announcement, as well as the discouraging job report Friday, I once again urge the Administration and Senator McCain to drop their opposition to a second stimulus package, and to come together around a package like I have proposed, with immediate relief for families and $50 billion to struggling states so that they don’t have to cut back on health care and education and can rebuild roads and schools and help restore jobs and confidence to our economy.

If McCain is silent, that's wrong. But that's not to say Obama's solution is right. It's not.

I cashed my $600 "stimulus check," but Bush's June stimulus package was still wrong.

As Dave Walker explains, with $53 trillion in unfunded long-term liabilities:
We need to start paying off our credit card debt before we go charging more.

And on an Obama note... I stopped by his CT for Obama kickoff rally today. Impressive! There must've been a few thousand people there. And it was fun for me bumping into a high school buddy who is now a Dem policy advisor in Washington. But what did he wanna talk about? Why can't we make Route 10 more attractive?... A question I hear all too often.

Tim White


Anonymous said...

McCain previously opined on the Fan/Fred mess before this weekend's events

"More than two years ago, I said: "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose." Fannie and Freddie's lobbyists succeeded; Congress failed to act. They've stayed in business, grown, and profited mightily by showering money on lobbyists and favors on the Washington establishment. Now the bill has come due."

Anonymous said...

They should have listened to McCain, Mr. Fiscal Responsibility, years ago. But most Republicans joined the Dems at the pig troth of massive debt-financed spending.

We Republicans used to be the party of Fiscal Responsibility, balanced budgets, etc. Reagan and Bush II changed all that, spending like drunken sailors.

Now it may be too late. Even if McCain is elected and tries to impose some fiscal discipline, the cow may already be out of the barn. Learn how to spell HYPERINFLATION.