McCain To Obama: Come Back To Washington!
McCain seeks to delay debate to focus on economy
Republican John McCain says he's directing his staff to work with Barack Obama's campaign and the debate commission to delay Friday's debate because of the economic crisis.
In a statement, McCain says he will stop campaigning after addressing former President Bill Clinton's Global Initiative session on Thursday and return to Washington to focus on the nation's financial problems.
McCain also said he wants President Bush to convene a leadership meeting in Washington. Both he and Obama would attend the session.
McCain said he wanted to discuss "how we can make sure that the American people regain confidence on Main Street so that they can regain their confidence in Wall Street and in Washington."
McCain renewed his insistence that the bailout deal have greater transparency, oversight and CEO accountability to make it acceptable to voters.
"Most Americans feel very strongly this isn't their fault. It's Wall Street and Washington and the cozy insider relationships that have caused a great part of the problems," he said.
Story Here
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Thank You Senator McCain!!! I am really beginning to Love you! CONGRESS!! GET BACK TO WASHINGTON!! Obama, the ball's back in your court!!
Republican John McCain says he's directing his staff to work with Barack Obama's campaign and the debate commission to delay Friday's debate because of the economic crisis.
In a statement, McCain says he will stop campaigning after addressing former President Bill Clinton's Global Initiative session on Thursday and return to Washington to focus on the nation's financial problems.
McCain also said he wants President Bush to convene a leadership meeting in Washington. Both he and Obama would attend the session.
McCain said he wanted to discuss "how we can make sure that the American people regain confidence on Main Street so that they can regain their confidence in Wall Street and in Washington."
McCain renewed his insistence that the bailout deal have greater transparency, oversight and CEO accountability to make it acceptable to voters.
"Most Americans feel very strongly this isn't their fault. It's Wall Street and Washington and the cozy insider relationships that have caused a great part of the problems," he said.
Story Here
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Thank You Senator McCain!!! I am really beginning to Love you! CONGRESS!! GET BACK TO WASHINGTON!! Obama, the ball's back in your court!!
posted by Marie's Two Cents | 12:12 PM
20 Comments:
CAMPAIGN 2008
Freddie’s Friend
Freddie Mac continued checks to McCain campaign chief's firm.
By Michael Isikoff | Newsweek Web Exclusive
Sep 23, 2008 | Updated: 7:39 p.m. ET Sep 23, 2008
Since 2006, the federally sponsored mortgage giant Freddie Mac has paid at least $345,000 to the lobbying and consulting firm of John McCain's campaign manager, Rick Davis, according to two sources familiar with the arrangement.
Freddie Mac had previously paid an advocacy group run by Davis, called the Homeownership Alliance, $30,000 a month until the end of 2005, when that group was dissolved. That relationship was the subject of a New York Times story Monday, which drew angry denunciations from the McCain campaign. McCain and his aides have vehemently objected to suggestions that Davis has ties to Freddie Mac—an especially sensitive issue given that the Republican presidential candidate has blamed "the lobbyists, politicians and bureaucrats" for the mortgage crisis that recently prompted the Bush administration to take over both Freddie Mac and its companion, Fannie Mae, and put them under federal conservatorship.
McCain also canceled his appearance the David Letterman" program.
Fannie Mae and Freddie Mac Invest in Democrats
Published by Lindsay Renick Mayer on July 16, 2008 5:27 PM
The federal government recently announced that it will come to the rescue of Freddie Mac and Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side.
Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they've also directed those contributions strategically.
In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time.
This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006
Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry.
Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee.
The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president.
Sen.Chris Dodd (D-Conn.) chairman of the Senate banking committee, has received the most from Fannie and Freddie's PACs and employees ($133,900 since 1989).
Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.
Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008
Name Office Party/State Total
1. Dodd, Christopher J S D-CT $133,900
2. Kerry, John S D-MA $111,000
3. Obama, Barack S D-IL $105,849
4. Clinton, Hillary S D-NY $75,550
5. Kanjorski, Paul E H D-PA $65,500
6. Bennett, Robert F S R-UT $61,499
7. Johnson, Tim S D-SD $61,000
8. Conrad, Kent S D-ND $58,991
9. Davis, Tom H R-VA $55,499
10. Bond, Christopher S 'Kit' S R-MO $55,400
11. Bachus, Spencer H R-AL $55,300
12. Shelby, Richard C S R-AL $55,000
13. Emanuel, Rahm H D-IL $51,750
14. Reed, Jack S D-RI $50,750
15. Carper, Tom S D-DE $44,389
16. Frank, Barney H D-MA $40,100
17. Maloney, Carolyn B H D-NY $38,750
18. Bean, Melissa H D-IL $37,249
19. Blunt, Roy H R-MO $36,500
20. Pryce, Deborah H R-OH $34,750
21. Miller, Gary H R-CA $33,000
22. Pelosi, Nancy H D-CA $32,750
23. Reynolds, Tom H R-NY $32,700
24. Hoyer, Steny H H D-MD $30,500
25. Hooley, Darlene H D-OR $28,750
Includes contributions from PACs and individuals.
2008 cycle totals based on data downloaded from the
Federal Election Commission on June 30, 2008.
Obama rebuffed the proposal. “It’s my belief that this is exactly the time the American people need to hear from the person who in approximately 40 days will be responsible with dealing with this mess," he told reporters in Florida, where he has been prepping for Friday's event. "What I think is important is that we don’t suddenly infuse Capitol Hill with presidential politics," he said. He also took a real shot at McCain: "Presidents are going to have to deal with more than one thing at a time," Obama said. "It’s not necessary for us to think that we can do only one thing, and suspend everything else."What a freaken creep that Bambi is......
But McCain didn't flinch, "We must show that kind of patriotism now," McCain said.
John McCAIN is once again showing his COUNTRY FIRST leadership .
ah yes Hussein is already taking credit for this Marie..arggggggggg!
LOL @ Marie! Rick Davis' firm was employed to continue to fight regulation!
Political contributions are made public. What's coming out now about Rick Davis (King Lobbyist) is damaging to McCain.
His "cut and run" from the debate was a wise move. He is slipping faster than Sarah Palin without a teleprompter.
His best strategy is to stay out of interviews and invisible until election day.
Update: LOL...McSame has hired the make-up artist from American Idol, Tifanie White, and has paid her more than $5,000. None of that is going to charity! (US Magazine)
(bzzzzzz = tailspin)
If the presidential candidates can't debate on Friday, then the VP candidates should: have the topic be foreign policy.
Not the best idea for Grampy, eh?
Sniff-sniff....
I smell "Keating 5" all over again!
"Well, my friends, now what?"
"McCain to Obama: Come back to Washington" ?????
LOL...
McSame's last roll call vote: APRIL
Obama's last roll call vote: JULY
Does Grampy remember where Washington is?
Fed!
At least McCain is back there trying to get something done about this mess you guy's have created!
And he wont be voting "Present"!
Obama doesnt want to be tied to this, he would actually have to vote!
So while Obama is down in Clearwater, Florida prepping for a debate on FOREIGN Policy!, McCain will be doing the work of the People.
They can debate Monday
I knew that there was going to be backlash from this. Oh no, McCain is running away. Grrrrrr.
Is it that hard of a concept putting your country before your campaign. I guess to libs it is!!
Jenn,
That would be the day wouldnt it? When McCain ran away from anything!
The deal was finished before either candidate arrived in Washington.
McSame is CUT AND RUN right now - slipping in the polls, not able to keep Sarah quiet and her novelty wearing off quicker than McSame's make up.
Grampy tried to politicize this for his benefit and it totally backfired on him.
He can't do more than one thing at a time. Too bad: being president requires one to multi-task. McSame can't do that and it's showing.
NO regulation got us in this: McThird term is Johnny De-Regulation and he got paid for it.
8 years of hell provided by the NeoConned is enough!
Last roll call vote:
McSame - APRIL
Obama - JULY
Fed,
The deal hasnt even been cut, the Congress is meeting with President Bush right now.
Oh and by the way, Lindsay Graham called McCain and asked him to come back and rein in the Republicans that are against this the last peice of legistation.
And McCain wanted to put his own revisions in this bill, he had to be there.
Obviously Obama doesnt care if he has any input in this legislation, he said "Call me if you need me" LOL.
Last roll call vote:
McSame - APRIL
Obama - JULY
Is that one of the ones where Obama voted Present? LOL
Senator McCain Speaks in Support of
The FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005
The United States Senate
May 25, 2006
Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
McCain took action in 2005 that might have helped us avoid the severity of this current financial crisis. Democrats also took action in 2005 and stopped McCain’s reforms.
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
John McCain is a co-sponsor of this bill!
Just watched the Katie Couric interview of Sarah Palin.
Not sure whether to laugh, cry or begin to organize a transatlantic move if Grampy and Barbie are elected.
I've never seen anyone run for that office who is more clueless.
If the majority of Americans would take 10 minutes to watch that interview, the election would be decided before November.
No wonder McSame wants her to stay out of interviews.
Fed,
You are crazy, Palin has actually been CEO of a state!
She has more intellect in her pinky than Biden does in his his whole head!
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Anonymous,
I cant believe YOU are so ignorant as to not know what kind of Crisis this is.
Do you honestly think John McCain is going to let a bill to rescue finacial institutions get through with pork barell spending in it?
God you people are naive!
COURIC: Why isn’t it better, Governor Palin, to spend $700 billion helping middle-class families struggling with health care, housing, gas and groceries? … Instead of helping these big financial institutions that played a role in creating this mess?
PALIN: Ultimately, what the bailout does is help those who are concerned about the health care reform that is needed to help shore up the economy– Oh, it’s got to be about job creation too. So health care reform and reducing taxes and reining in spending has got to accompany tax reductions.
(CNN) – Prominent conservative columnist Kathleen Parker, an early supporter of Republican VP candidate Sarah Palin, said Friday recent interviews have shown the Alaska governor is "out of her league" and should leave the GOP presidential ticket for the good of the party.
The criticism in Parker's Friday column is the latest in a recent string of negative assessments toward the McCain-Palin candidacy from prominent conservatives.
It was fun while it lasted," Parker writes. "Palin’s recent interviews with Charles Gibson, Sean Hannity, and now Katie Couric have all revealed an attractive, earnest, confident candidate. Who is clearly out of her league."
Palin's interview with Couric drew criticism when the Alaska governor was unable to provide an example of when John McCain had pushed for more regulation of Wall Street during his Senate career. Palin also took heat for defending her foreign policy credentials by suggesting Russian leaders enter Alaska airspace when they come to America. Palin was also criticized last week for appearing not to know what the Bush Doctrine is during an interview with Charlie Gibson.
“If BS were currency, Palin could bail out Wall Street herself," Parker also writes. "If Palin were a man, we’d all be guffawing, just as we do every time Joe Biden tickles the back of his throat with his toes. But because she’s a woman — and the first ever on a Republican presidential ticket — we are reluctant to say what is painfully true."
Parker, who praised McCain's "keen judgment" for picking Palin earlier this month and wrote the Alaska governor is a "perfect storm of God, Mom and apple pie," now says Palin should step down from the ticket.
“Only Palin can save McCain, her party, and the country she loves," Parker writes. She can bow out for personal reasons, perhaps because she wants to spend more time with her newborn. No one would criticize a mother who puts her family first. Do it for your country."
Parker's comments follow those by prominent conservatives David Brooks, George Will, and David Frum who have all publicly questioned Palin's readiness to be vice president.
"Sarah Palin has many virtues," Brooks wrote in a recent column. "If you wanted someone to destroy a corrupt establishment, she'd be your woman. But the constructive act of governance is another matter. She has not been engaged in national issues, does not have a repertoire of historic patterns and, like President Bush, she seems to compensate for her lack of experience with brashness and excessive decisiveness."
Fed,
I dont think you are understanding the consequences here.
We have to do something about this Finacial Crisis Period! Or everyone will be in trouble.
But we can do it in a way that wont kill the taxpayer's.
As for Palin debating Biden, I cant wait to see this!
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