Comments on: Amid inaction on financial bailout, blame game continues in McCain ad http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/ Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: David Dzidzikashvili http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-387405 Sat, 17 Jan 2009 15:07:16 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-387405 It’s a quite difficult decision for any politician choosing between more bailout packages or letting the free market economic principles take care of the failed businesses, whether it is the financial institutions or automakers. The main focus should be defending the interests of middle-class Americans and creating a stable economic system that will guarantee long-term stability and sustainability. But here we also can face more challenges, since right now the Washington politicians are talking about the second large bailout package. If we bailout financial institutions and other industries again, when are they going to ask for the third bailout package? Or fourth? Maybe this is a time to let free market economy work rather than keep bailing out large, failed corporations? After all, it is the small and medium size businesses that create vast majority of middle-class jobs in America, not the large corporations. Maybe the government is better off to replace banks in lending practices and directly give loan packages with low interest rates to small and medium size businesses? That might work better and have a direct, immediate impact on economy and the middle-class America…

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By: Steve Kauffman http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378483 Wed, 01 Oct 2008 22:21:05 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378483 God save us from that cranky old rascal McCain. He takes wild needless risks. His judgement is bad just look at his choice of gibberish speaking Palin whose is way out of her depth. We need the calm intelligence of Obama at the helm. McCain is thrashing about in panic as his legacy slips away with Obama taking a 7 point lead in the most recent AP poll.

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By: tim http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378458 Wed, 01 Oct 2008 18:45:11 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378458 The ad http://www.youtube.com/watch?v=r2RZ0sUcV cE
does NOT imply it was Clinton’s fault. The clip Clinton is used to buttress the ad’s point, that it was the fault of the democrats in the house and senate.

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By: Nichole http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378420 Wed, 01 Oct 2008 12:46:09 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378420 m913- That is AMAZING… I am so glad you pointed that out. I’m sure most people missed that seeing how quickly that graphic flashed by in the ad. Sooooo funny.

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By: Trasa http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378396 Wed, 01 Oct 2008 06:54:52 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378396 @Shady S.

I think the problem you have is, you know something needs to be done soon, but the problem is, you don’t know how long you have. If you wait a week or 2, will it be to late? Maybe/maybe not, and everytime you hear experts, they can only tell you what will happen if the problem progresses. We know it’s a large problem, but to what degree, so we can build back up, no one knows. Are you going to wait until it hits bottom? Well, how hard will the country land. Once again, no one knows, so you do what’s logic, if you address it now, then it will subside to some degree. The problem is you take a big chance on something that no one knows as to what time frame. If we could see the future, we wouldn’t be having this discussion.

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By: Trasa http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378393 Wed, 01 Oct 2008 06:37:26 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378393 @ CJ

True, McBush addressed the concern about Freddie/Fannie, but that’s only just a portion and not the whole pie. You don’t just regulate 2 companies and not the others. It wasn’t just those 2 companies that were envolved. So even if he addressed those 2 companies, the damage still had already been done, you forget, they been doing this since the late 90’s until now. Addressing 1 company wasn’t going to save the whole system, hell they are falling apart in Europe, and running into the same problem. Republicans have been in rule a whole lot longer and didn’t believe in regualtion. I’ll admit you don’t want to regulate to the degree you don’t allow companies to operate effectively, but what people have to realize is that when you forget about the ingredient of “GREED” you need to keep that in mind and people get carried away and cause a whole lot of problems. No, not everything is Republicans fault, the truth, were all to blame as a nation, those in Washington, consumers, investors, etc. So as a nation, we need to try to fix this problem.

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By: Liberty http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378384 Wed, 01 Oct 2008 05:32:26 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378384 It seems that the government has officially moved into the business of buying trash with the nations money.

Right now, the market is sending a clear signal that we as a nation are carrying too much debt, and that the institutions that continuously loaned to people who couldn’t afford to pay back, made a mistake.

If the market is telling financial institutions that they should not be lending money to bank x or individual y, then they shouldn’t. Its that simple.

The market is telling the financial institutions, this debt is garbage, and its not worth anything. So you don’t get anything for it.” The market is saying “you messed up, don’t do it again. Don’t tell good people that they can afford houses that they cant, don’t underwrite fraudulent mortgages, and dont lend more to good people that you know can’t afford more debt.”

The governemt is saying “hey we’ll pay you for this garbage with taxpayer money, its all good. Keep telling good people that they can afford houses that they cant, keep underwriting fraudulent mortgages, and lending more to good people that you know can’t afford more debt. Well just pay for it with peoples taxes.”

Every financial institution from here on out will have a clear incentive to underwrite trash, and sell it to the American public, at a profit in excess of any return which they might otherwise make through legitimate means.

Market pricing is the information that allows people to make valid rational decisions based on the true value of whatever is being bought or sold. The government is about to shut down the very market mechanism that is necessary to to see the economy back on track and push
financial institutions back into producing services which have true value to the public.

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By: Idiot redneck republicans http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378351 Wed, 01 Oct 2008 03:14:49 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378351 Disregard from the debate those comments spouting stupidity about Obama. Mere redneck minority cowards hiding in anonymity, children of Satan

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By: Shay S. http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378344 Wed, 01 Oct 2008 02:53:34 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378344 I find it interesting that people blame McCain when the democrats control congress and could pass the bailout vote and other forms of regulation without the republicans (remember 95 democrats also voted against the plan). What happended during the 2004 hearings requested by McCain asking for more stringer monitoring of Fannie/Freddie? It is further interesting that no one is blaming wall street (rather just republicans or democrats)for the credit swaps being traded when Buffet told everyone 5 years ago it was a time bomb. He knew the lack of liquidity was unjustifiable. History has proven, whether it was Long Term Capital Mgmt, Soloman Bros, Nick Leeson/Barings Bank, etc…The story is the same – greed takes over and traders feel invincible, wall street calls them genuises and people lose all touch with reality/sound economics. Why are banks surprised that homeowners with no cash reserves to make a down payment who used stated incomes can’t continue making their interest only house payment. Everyone finds it easy to blame party members (dem or rep) yet they act as if deregulation entitled bankers to forego all conventional theories of risk management and not be accountable. Small business owners have not been afforded the same latitude. Lastly, if you truly believe no finger pointing by democrats is occurring (ie Pelosi yesterday or announcement by democrats on sat solution on bailout reached before consulting the house of rep)you are grossly disillusioned. I think it was a big mistake for bernake and Bush to panic the market to reach an answer a week ago. They should have assured the market the right solution would be reached and a bipartisan agreement would be achieved. If we agree that we can’t put a time limit on war, why can we suddenly put a one week time limit on solving the biggest financial crisis facing the US in over 80 years. The relaxation of mark to market and increase of the FDIC insurance are steps in the right direction that will rebuild our economy. I think it is pertinent that we remember that main street consists mainly of small bus owners as they create jobs, deploy capital and inject intellectual capital and these are the things that have made us successful. Putting people in homes they can’t afford and should never have purchased in the beginning will not create jobs and stimulate trade.

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By: C.D.Walker http://blogs.reuters.com/talesfromthetrail/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/comment-page-1/#comment-378333 Wed, 01 Oct 2008 01:52:46 +0000 http://blogs.reuters.com/trail08/2008/09/30/amid-inaction-on-financial-bailout-blame-game-continues-in-mccain-ad/#comment-378333 Republicans love pointing the finger at Democrats, but if you look at history, Republicans are the ones to blame going back to Reagan and his deregulation tactics which in turn led to the Savings and Loan Crisis. (Wiki Reagan administration scandals Wow, history repeats itself since the Last congress(held by Republicans) was responsible for deregulating just about everything from energy, telecoms, financial institutions, and airline companies. Since then, prices across the board were raised after the lobbyists argued that by deregulating everything, the supposed free market would bring price wars, lowering prices for Americans. Another broken promise from Republicans. Democrats have had 2 presidents in office since 1969, who do you think really is responsible for all the screwups in DC. Actions speak louder than any words said as lies. Look at how the Republicans have acted, Watergate, Iran-contra, FDA and EPA scandals during Reagan, HUD scandal during Reagan, Bush and his Wars for Oil in the gulf, and look, JR’s Deregulating has led to another financial crisis. Impeach Republicans and their lies, scandals, and criminal activities

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