MCCAIN TO SUSPEND CAMPAIGN AND WANTS DEBATE DELAY; FOCUS ON ECONOMY - Page 16 - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #151 of 259 (permalink) Old 09-25-2008, 08:58 PM
Surely A Large Human
 
Qubes's Avatar
 
Date registered: Jun 2006
Vehicle: '08 C219
Location: Between Earth and Mars
Posts: 34,253
Mentioned: 2 Post(s)
Quoted: 493 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by edfreeman View Post
When did Clinton become so cogent and forthright? He couldn't get enough pissing on the vast right-wing conspiracy fire when the missus was running, and now he's like the fucking oracle of Washington.

Incidentally, I think that placing the FULL blame on Freddie/Fannie, OR on Congress, is making the day of everyone on the board at Standard & Poor's and Moody's. It's these fucking scumbag cocksuckers who put AAA ratings on these mortgage-backed securities, which is an endorsement which was only valuable because it was accurate and beyond reproach. If ANYONE had the real honest-to-God job of scrutinizing this shit banks were doing and putting the right label on it, it was them. Heads need to roll.
Qubes is offline  
Sponsored Links
Advertisement
 
post #152 of 259 (permalink) Old 09-25-2008, 08:59 PM
Moderately subtle
 
edfreeman's Avatar
 
Date registered: Dec 2003
Vehicle: 94 E500, 97 500SL
Location: Soddy Daisy, TN
Posts: 8,526
Mentioned: 1 Post(s)
Quoted: 81 Post(s)
Lifetime Premium Member
Send a message via AIM to edfreeman
Quote:
Originally Posted by QBNCGAR View Post
When did Clinton become so cogent and forthright? He couldn't get enough pissing on the vast right-wing conspiracy fire when the missus was running, and now he's like the fucking oracle of Washington.

Incidentally, I think that placing the FULL blame on Freddie/Fannie, OR on Congress, is making the day of everyone on the board at Standard & Poor's and Moody's. It's these fucking scumbag cocksuckers who put AAA ratings on these mortgage-backed securities, which is an endorsement which was only valuable because it was accurate and beyond reproach. If ANYONE had the real honest-to-God job of scrutinizing this shit banks were doing and putting the right label on it, it was them. Heads need to roll.
Clinton still has the red-ass for HRC's loss, and, as JE observed, is likely beginning the setup for the 2012 campaign.

edfreeman is offline  
post #153 of 259 (permalink) Old 09-25-2008, 09:01 PM
~BANNED~
 
Date registered: Sep 2004
Vehicle: 2002 clk320
Location: Lancaster, Kentucky
Posts: 8,498
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Well I would reply to this thread, but I can't because I had a stroke. Hey Q do you feel smarter now?
the clk man is offline  
post #154 of 259 (permalink) Old 09-25-2008, 09:02 PM
BenzWorld Elite
 
A264172's Avatar
 
Date registered: Mar 2005
Vehicle: 1967 Irish/ Pole
Location: Pittsburgh
Posts: 3,940
Mentioned: 0 Post(s)
Quoted: 67 Post(s)
the rest:

But a few blocks away, a senior House Republican lawmaker was at a luncheon with reporters, saying his caucus would never go along with the deal. This Republican said Representative Eric Cantor of Virginia, the chief deputy whip, was circulating an alternative proposal that would rely on government-backed insurance, rather than taxpayer-financed purchase of mortgage assets.

He said the recalcitrant Republicans were calculating that Ms. Pelosi, Democrat of California, would not want to leave her caucus politically exposed in an election season by passing a bailout bill without rank-and-file Republican support.

“You can have all the meetings you want,” this Republican said, referring to the White House session with Mr. Bush, the presidential candidates and Congressional leaders, still hours away. “It comes to the floor and the votes aren’t there. It won’t pass.”

House Republicans have spent days expressing their deep unease about such a huge government intervention, which they regard as a step down the path to socialism.

Mr. Smith, the aide to Mr. Boehner, said the leader had directed a group of Republicans a few days ago to see if they could come up with alternatives that relied less on tax funds in providing the rescue package; that led to Mr. Cantor’s mortgage-insurance approach. He said Mr. Boehner supported Mr. Cantor’s idea.

At 4 p.m., Mr. Bush convened his meeting at the White House; Mr. McCain had already met with House Republicans to hear their concerns. He later said on ABC that he had known going into the White House that “there never was a deal,” but he kept that sentiment to himself.

The meeting opened with Mr. Paulson, the chief architect of the bailout plan, “giving a status report on the condition of the market,” Tony Fratto, Mr. Bush’s deputy press secretary, said. Mr. Fratto said Mr. Paulson warned in particular of the tightening of credit markets overnight, adding, “that is something very much on his mind.”

Mr. McCain was at one end of the long conference table, Mr. Obama at the other, with the president and senior Congressional leaders between them. Participants said Mr. Obama peppered Mr. Paulson with questions, while Mr. McCain said little. Outside the West Wing, a huge crowd of reporters gathered in the driveway, anxiously awaiting an appearance by either presidential candidate, with expectations running high.

Instead, the first politician to emerge was Senator Richard C. Shelby of Alabama, the senior Republican on the banking committee, waving a sheet of paper that he said detailed his own concerns. “The agreement,” Mr. Shelby declared, ‘’is obviously no agreement.”

The House Republicans’ revolt shocked Democrats; the Senate majority leader, Harry Reid of Nevada, said later that he was under the impression that Mr. Boehner had been a strong advocate for moving forward with the Paulson plan.

Representative Barney Frank, the Massachusetts Democrat, who attended the White House meeting, was shocked as well. “We were ready to make a deal,” Mr. Frank said later.

At 8 p.m., an exasperated Mr. Frank, the lead Democratic negotiator, walked back to the ornate Rules Committee room on the second floor of the Senate side of the Capitol, with a pack of reporters on his heels. He was headed for another late-night meeting with Mr. Paulson and many other lawmakers to see if they could restart the negotiations — and ward off a Monday morning bloodbath in the markets.

Ms. Pelosi told reporters that she would be open to considering ideas proposed by the House Republicans. And Mr. McCain and Mr. Obama both said they held out hope that a deal could be reached soon. But at the White House, Mr. Bush was holding fast to the approach that Mr. Paulson has championed. “In case there’s any confusion,” Mr. Fratto, the deputy press secretary, wrote in an email message. “The president supports the core of Secretary Paulson’s plan.”

-Marty


"...pour out of one vessel into another; and as those old Romans robbed all the cities in the world, we skim the cream of other men's wits, pick the choice flowers of their tilled gardens to set our own sterile plots."
-a Richard Burton
A264172 is offline  
post #155 of 259 (permalink) Old 09-25-2008, 09:10 PM Thread Starter
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
Quote:
Originally Posted by edfreeman View Post
Thanks Ed! Don't know how I missed that... Brit forgot to call me. But I love the firse couple 'graphs: "Going very much against the media meme that the current financial crisis is all George W. Bush and the Republicans' fault, Bill Clinton on Thursday told ABC's Chris Cuomo that Democrats for years have been "resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac" (video available here, relevant section at 2:45).

Whether he knew it or not, Clinton was going against virtually all press outlets that have been pointing fingers at Republicans since this crisis began, and likely much to the dismay of such folk actually agreed with a Fox News segment aired on Tuesday's "Special Report" (video embedded right):..."

Don't believe everything you think
Jayhawk is offline  
post #156 of 259 (permalink) Old 09-25-2008, 09:14 PM
BenzWorld Elite
 
FeelTheLove's Avatar
 
Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Posts: 28,829
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
The whole thing is starting to smell. A new Congress, probably with big Democrat majorities composed of a lot of new members who are probably tired of Pelosi and Reid being the face of the party and may just vote them out, is on the way in, and for some reason this all needs to happen before that happens. Something doesn't scan right here.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
FeelTheLove is offline  
post #157 of 259 (permalink) Old 09-25-2008, 09:20 PM Thread Starter
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
Treasury Secretary down on one knee before Pelosi...



A high-profile White House meeting on Treasury’s $700 billion Wall Street rescue plan ended on a sour, contentious note Thursday after animated exchanges among lawmakers laced with presidential politics just weeks before the November elections.

Treasury Secretary Henry Paulson came up to the Capitol hours later to revive talks, but House Republicans did not participate, and Democrats warned that the whole process could collapse unless President Bush gets them to come to the table.

“Unless this fourth leg shows up at some point, this could fall off very quickly,” said Senate Banking Committee Chairman Christopher Dodd (D-Conn.).

At the White House, in fact, House Minority Leader John Boehner had bluntly warned about the lack of Republican support for the massive government intervention: “I can’t invent votes,” Boehner said. But House Financial Services Committee Chairman Barney Frank (D-Mass.) angrily accused the minority of trying to undercut Paulson by crafting a late-breaking alternative proposal—with the tacit support, Frank said, of Republican presidential candidate John McCain.

Both McCain and his Democrat rival, Sen. Barack Obama, would leave the White House without comment, and the meeting was described as among the wildest in memory. A beleaguered President Bush had to struggle to maintain order and reassert himself. And when Democrats left to caucus in the Roosevelt Room, Paulson pursued them, begging that they not “blow up” the legislation.

The former Goldman Sachs CEO even went down on one knee as if genuflecting, to which Speaker Nancy Pelosi (D-Cal.) is said to have joked, “I didn’t know you were Catholic.”

It was McCain who had urged Bush to call the White House meeting but Democrats made sure Obama had a prominent part. And much as they complained later of being blindsided, the whole event turned out to be something of an ambush on their part—aimed at McCain and House Republicans.

“Speaking professionally,” said one Republican aide, “They did a very good job.”

When Bush yielded early to Pelosi and Senate Majority Leader Harry Reid (D- Nev.) to speak, they yielded to Obama to speak for the assembled Democrats. And it was Obama who raised the subject of the conservative alternative and pressed Paulson on what he thought of the idea.

House Republicans felt trapped—squeezed by Treasury, House Democrats and a bipartisan coalition in the Senate. And while McCain spoke surprisingly little after asking for the meeting, he conceded that it appeared there were not the votes for the core Paulson plan without major changes.
A top adviser to McCain, Mark Salter, said later that the senator had not endorsed the House conservative plan but felt it reflected a desire by lawmakers for more taxpayer protections that would help get the required votes. For example, Salter said, one option would be to make clear that the secretary needn’t be confined to buying up bad debts and could use other routes such as loans or federally-backed insurance to relieve the congestion in mortgage-related assets.

When talks resumed — in Reid’s words — to "put the train back on track,” Paulson came to the Capitol but without Federal Reserve Chairman Ben Bernanke, who appears to want to stand clear of the negotiating session.

The wild White House meeting may have the effect of uniting Democrats more. And only hours before, Dodd, Frank and bipartisan set of prominent senators had reached a bipartisan agreement Thursday on the framework for legislation authorizing the massive government intervention.

But passing the Treasury plan is still an uphill climb, and Pelosi will be reluctant to expose her members if House Republicans are sitting out the process. And the whole sequence of events confirmed Treasury’s fears about the decision by Bush, at the urging of McCain, to allow presidential politics into what were already difficult negotiations.

While the markets were closed by the time the meeting ended, Friday could bring turmoil, and there will be immense pressure now by Treasury to get back on track before Monday.

McCain could feel that same pressure. Having called for the meeting, he will have to show if can deliver the votes of House Republicans, many of whom have been leery of him in the past. Mindful of this, the senator’s campaign issued a brief statement an hour after the breakup of the meeting.

“We're optimistic that Sen. McCain will bring House Republicans on board without driving other parties away, resulting in a successful deal for the American taxpayer.”

But House Republicans predicted that the bill now may have to move first in the Senate, where it has more bipartisan support. And one outside option would be to add the package to a must-pass year-end spending bill needed to keep the government funded after Oct. 1.

Paulson was left feeling bruised on two fronts. He was not part of the Capitol discussions in the morning, which stretched to nearly three hours and will now require extensive follow-up with Treasury. This process began last night and will continue Friday morning, while the leadership takes the political temperature for going forward.

At the same time, Frank, a strong Paulson ally, feels the secretary is being undercut in front of the president.

Wild day, no deal - David Rogers - Politico.com

Don't believe everything you think
Jayhawk is offline  
post #158 of 259 (permalink) Old 09-25-2008, 09:24 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by QBNCGAR View Post
When did Clinton become so cogent and forthright? He couldn't get enough pissing on the vast right-wing conspiracy fire when the missus was running, and now he's like the fucking oracle of Washington.

Incidentally, I think that placing the FULL blame on Freddie/Fannie, OR on Congress, is making the day of everyone on the board at Standard & Poor's and Moody's. It's these fucking scumbag cocksuckers who put AAA ratings on these mortgage-backed securities, which is an endorsement which was only valuable because it was accurate and beyond reproach. If ANYONE had the real honest-to-God job of scrutinizing this shit banks were doing and putting the right label on it, it was them. Heads need to roll.
Clinton is trying to regain his legacy. It was pretty tarnished over the past 18 months as he went off track again and again. Now he seems to be regaining that old "please everyone" and "please no one" mojo. It will be interesting to see how it goes.

Some of what he said is dead correct, some colored by politics. While JE is right that the 2012 Election has already started, I think he is pissing in the pool enough that Hillary will be yesterday's news by 2010, when things really start.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #159 of 259 (permalink) Old 09-25-2008, 09:25 PM Thread Starter
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
Debate prospects questionable... Developing...

McCain-Obama debate prospects uncertain

WASHINGTON - Prospects were questionable at best that John McCain and Barack Obama would meet Friday for their first presidential debate as progress appeared to dissolve between Congress and the Bush administration on a $700 billion financial industry bailout.

McCain didn't plan to participate in the debate unless there was a consensus. Obama still wants the face-off to go on, arguing that Americans need to hear from the candidates. The Democrat was scheduled to travel to the debate site in Oxford, Miss., on Friday.

"I believe that it's very possible that we can get an agreement in time for me to fly to Mississippi," McCain said late Thursday. "I understand how important this debate is and I'm very hopeful. But I also have to put the country first."

In turn, Obama said: "It is my intention to be in Mississippi and obviously the biggest priority is making sure that we get this deal done. But I also think it's important to describe to the American people where the next president wants to take the country and how he's going to deal with this crisis."

Both candidates made the rounds on network evening news programs after meeting on the crisis with President Bush and bipartisan congressional leaders at the White House. McCain did not participate in late-night negotiations on Capitol Hill but worked the phones from his Virginia home. A senior McCain official said McCain hasn't signed on to any one proposal, though he does agree there needs to be a greater protection for taxpayers.

The debate over the debate is the latest campaign twist as McCain and Obama try to navigate the uncharted politics of the financial meltdown and show leadership at a time of national angst.

In Mississippi, debate organizers continued to prepare, and Gov. Haley Barbour, a Republican, told a news conference he expected the debate to go on. "This is going to be a great debate tomorrow night," Barbour said.

Television networks, too, said they were moving forward.

Presidential politics ran smack into the delicate discussions over how to stop further weakening the sagging economy.

As McCain returned to Washington at midday, Democratic and Republican negotiators emerged from a closed-door meeting to report an agreement in principle. An Obama campaign official said the Illinois senator called into the meeting. McCain spokesman Brian Rogers said McCain didn't participate, but held talks with Republican leaders afterward.

A few hours later, the rivals attended the private White House meeting, which officials in both parties described as contentious. They sat three seats away from the president, McCain to his right, Obama to his left. As the meeting broke up, it became apparent that any tentative agreement had started to dissolve.

Afterward, Obama said he tried to understand the objections to the approach being taken by congressional leaders and the Bush administration.

"The question I asked was, 'Well, do we need to start from scratch or are there ways to incorporate some of those concerns?'" Obama said. "At this point the president, the secretary of the Treasury and those who are expressing some of these concerns have to provide some clarity."

Several Republicans and Democrats briefed on the White House meeting said House Republican Leader John Boehner raised the concerns of some of his rank and file about the emerging plan, and McCain urged cooperation by all parties to craft a compromise proposal that would get enough support to pass the House and Senate.

McCain said he knew going in to the meeting that progress wasn't as far along as it seemed.

"There never was a deal, but I do believe the meeting was important to move the process along," McCain said. "It gave us a renewed sense of urgency and I'm confident we will move forward, and I'm confident that we will reach a conclusion."

Obama, for his part, held a news conference at a Washington hotel and suggested McCain was part of the problem.

"I'm not clear that in a very difficult situation like this that doing things in the spotlight and injecting presidential politics is necessarily useful," Obama said.

Before heading to Washington, both candidates spoke to President Clinton's Global Initiative — McCain in person in New York, Obama via satellite.

McCain again portrayed his announced halt to campaign events, fundraising and advertising as an example of putting the country before politics. But in doing so he also hoped to get political credit for a decisive step on a national crisis as polls show him trailing Obama on the economy and slipping in the presidential race.

Despite his stated hiatus, Alaska Gov. Sarah Palin, paid a highly visible visit to memorials in lower Manhattan to those killed in the Sept. 11, 2001, terrorist attacks and McCain campaign aides appeared on news programs. Chief strategist Steve Schmidt said all television advertising was "down."

Industry officials said Obama's campaign was inquiring about buying airtime made available where McCain was absent. But McCain's campaign also has indicated to TV stations that it may soon return to the airwaves.

Obama's campaign derided McCain's claim to have halted activity as a political stunt.

Spokesman Bill Burton said in a statement: "John McCain hasn't suspended his campaign, he only wants us to suspend disbelief."

In turn, Schmidt said Obama was acting in "politically predatory fashion" by seeking McCain's abandoned air time.

Obama, for his part, didn't curtail any of his campaign activities. In fact, the Democrat also rolled out a new 60-second, TV ad in which he cited economic policies endorsed by Bush and McCain as essentially to blame for the troubles.

Burton said Schmidt's claim was "categorically false" and that the campaign has not bought any air time since McCain announced his "suspension." He said Obama's 60-second spot was replacing 30-second ads currently on the air.

"For eight years we've been told that the way to a stronger economy was to give huge tax breaks to corporations and the wealthiest. Cut oversight on Wall Street. And somehow all Americans would benefit," Obama says in the ad. "Well now we know the truth."

McCain-Obama debate prospects uncertain - Yahoo! News

Don't believe everything you think
Jayhawk is offline  
post #160 of 259 (permalink) Old 09-25-2008, 09:27 PM
BenzWorld Member
 
Date registered: Jan 2008
Vehicle: 2000 e320 4matic Sedan
Location: VA
Posts: 239
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
isnt Bush supposed to be dealing with this fallout? not mccain? the conservatives are looking for so many ways to divert this debate...im glad obama stood ground and he wants the debate to go down, shows me that he is ready for anything
kdude87 is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    McCain Says The Economy Is Doing GREAT - Do You Agree? Qubes Off-Topic 143 12-12-2008 10:40 PM
    Mercedes turns CLS focus inward MY2008ML350 C219 CLS-Class 0 04-19-2008 07:56 AM
    Russian governor in S430 has been killed by the Ford Focus.. maine_coon Off-Topic 4 09-24-2007 02:24 AM
    Chevy cobalt or Ford Focus peter811 Off-Topic 37 12-10-2005 04:09 PM
    1975 Ford Focus 690,000 BILLSONG Off-Topic 7 11-01-2005 05:12 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome