Banking and elections

[J. T. Toad]

The way our society has become so complacent on self mutilation, it probably won't matter who wins anyway.

http://biz.yahoo.com/ap/080905/mortg...ts_crisis.html

http://www.foxnews.com/story/0,2933,417881,00.html

[cobra de capell]

Actually, BO would compound the problems in the banking world by distributing more money directly to the people and increasing taxes - even if only on 'rich' people. Also, BO has already earmarked $10 million for his home state - McCain has never taken an earmark - ever! Keep in mind that BO intends to increase the capital gains tax, so a sell off would take place prior to year-end 2008, with a disaster to follow in 2009 if that happens.

I simply cannot understand why you would think a democrat or a republican in the Whithouse would have equal or no impact. Just knowing that the House and Senate are now run by democrats should prompt you to go with a Republican for POTUS with the veto pen at the ready. McCain has committed to make 'porkers' famous and I've no doubt that he will - on both sides. Also, McCain-Palin will drill, drill, drill and pursue all other forms of energy - including nuclear plants. BO will personally inflate your tires.

[J. T. Toad]

You may not understand because I never stated any resemblance of any endorsement of Obama or criticism of McCain. This sux and it has nothing to do surface petty party politics (call it a conspiracy/pentavorite/Rockefeller/whatever).

These articles should strike true fear in the hearts of anyone who can see past the now and invest in the long term. The condition present for America's presence in the Global Marketplace is dire and may be on a path which can't be reversed. At least not in for the present generation. Unabated consumerism and self indulgence without accountability/responsibility is the cement shoes which we all (tax payers) are forced to wear. I am confident that any proponent of a larger government influence will make those shoes exponentially heavier.

[cobra de capell]

Actually you did by stating "it probably won't matter who wins anyway".

Your gloom and doom scenario is way off the mark - the unemployment rate is over 6% but is historically down from past decades - the stock market is down from unreasonable highs, but still way up from past decades. The downfall of freddie and fannie is deserving and trails the downfall of a housing market that had lots of people doing very stupid things. Most of those people need to pay a price for stupidity.

With the Iraq War possibly coming to an end, the billions spent will be used for other purposes; with the development of oil reserves at home - gas prices will drop immediately by just saying that that is what will be done; most of those who deserve a financial hit have taken a hit or will in the next 6 months.

If only stupidity were painful we would not have to go through a down economy so often.

BO is a proponent of a larger government, so even if your future scenario is on the money, there is no reason to encourage that to happen by electing a Marxist.

[J. T. Toad]

If my "doom and gloom" comes true, then my hypothesis would be correct, thus nullifying your assumptions of whom you think my allegiances lie.

Thanks for responding CDC your responses are usually quite interesting, it is too bad you seem hellbent on a mountain out of a molehill election warpath lately. (which isn't a bad thing if you can convince those who might vote one way, vote another)

(one caveat, those who seem determined to vote for a specific person seem to have the Flavor-Aid mentality of a Jim Jones sponsored get together)

I will look forward to a conversation with you in, oh let's say, three years.

[cobra de capell]

Actually, I'm a party line voter as my belief is that no one can really get to know any candidate unless that candidate is a personal friend. Both sides sell candidates as the real deal and both sides have wonderful speech writers. Although, this year McCain's record is clear, along with the somewhat short record of Palin. I admire anyone that has faced head on the corruption and self-dealing that goes on every day in politics at all levels. That fact alone sold me on McCain-Palin as I believe that if nothing else gets done, he will make those 'porkers' famous.

Also, it's the US Government that's causing a $130 billion stock loss in Freddie and Fannie by forcing the two government "corporations" to buy "junk" mortgages for the last 5-7 years - specifically the democrats in congress. I suppose their intentions were good and they weren't motivated by greed. but world wide financial loss directly linked to the collapse of America's "Affirmative Action Mortgage Experiment" is now...around $500 billion! Washington is INDEED broken, and socialists, like Obama and his ilk, need to be STOPPED!

Yes, McCain-Palin will have a difficult time for the first 2 years, winding the war down, coming out of this housing mess and jump starting American sources of energy - but, only they have the intention of working through those issues a priorities with BO not even aware of how to deal with those pressing issues. May God Bless America.

[CSX4236]

Has it been that long that we've all forgotten this mess? I may have missed this part of his speech last week when he spoke of change. Do you think he's changed? I'm not certain...there's a lot more you can read about him, if you care to...Swiftboat warning ahead.

<exerpt courtesy of www.usvetdsp.com>

Reports from a variety of U.S. publications exposed McCain's true scandalous character

The Arizona Republic - October 17, 1989" . . . both in telephone conversations with reporters and on a live radio talk show, the Republican senator was far from calm. He was agitated. Angry. And the way he dealt with unpleasant questions was to bully the questioners . . . 'You're a liar,' McCain snapped Sept. 29 when an Arizona Republic reporter asked him about business ties between his wife, Cindy McCain, and Keating . . . 'That's the spouse's involvement, you idiot,' McCain sneered later in the same conversation. 'You do understand English, don't you?' ". . . Not content with just bullying reporters, McCain tried belittling them: 'It's up to you to find that out, kids.' . . . McCain wasn't talking to liars. He wasn't talking to juveniles. The senator was talking to two reporters."

The Arizona Republic - October 17, 1989 -- "McCain, in a radio talk-show appearance last week condemned disclosures of his family's ties to Keating as 'irresponsible journalism.'"

The Phoenix Gazette, November 13, 1989 -- "Reporters also 'discovered' that the senator's wife and father-in-law invested $359,100.00 in one of Mr. Keating's projects in 1986 . . ."

The Arizona Republic, April 29, 1990 -- "McCain's involvement with Keating . . . when reporters called him with questions last year about previously unknown ties to Keating, an investment by wife Cindy McCain in a Keating shopping center and trips to Keating's Bahamas home, McCain went into a rage."

New Republic, Dec. 31, 1990--"The only Republican of the bunch [the five Senators], John McCain of Arizona wins credit for finally drawing the line. After the second of the two April meetings [with Federal regulators] he told Mr. [Sen. Dennis] DeConcini [D-Ariz.] and Mr. Keating that he wouldn't lean on the regulators any more. Mr. Keating called him a wimp. But before the rupture, Mr. McCain and his family were regular guests of Mr. Keating's on trips to the Bahamas. Mr. McCain reimbursed the owner of Lincoln Savings and Loan for only a small fraction of the cost of these holidays. Yet, he never reported the vacations on Senate disclosure forms, or his income taxes. He said he thought his wife had paid Mr. Keating back. This is hard to believe."

Economist, Mar. 9, 1991--"Mr. McCain, despite his claims of innocense, was the only one of the five who benefitted personally--family holidays in the Bahamas on Mr. Keating's tab."

New Republic, Sept. 9, 1991--Calling McCain part of the "Senatorial Lincoln Brigade," the New Republic reported that Keating, while bankrupting his savings and loan, had channeled $1.4 million to the campaigns or causes of the five senators, who in turn pressured the savings and loan regulators to back off our friend."

Regardie's magazine, April-May 1992 issue. "Ultimately, the fall of Lincoln Savings and Loan will cost the U.S. taxpayers $2 billion. It lost $1 million dollars a day from the time Keating bought it in 1984 until its collapse in 1989, and yet he continued to pay off McCain as 'one of his assets.'"

[427 S/O]

ROBERT BENNETT, DEFENSE ATTORNEY for billy C. BJ and he investigated the keating 5Quoted from hannity and colmes:

You know, I'm in a pretty unique position to talk about John McCain. First, I should tell your listeners I'm a registered Democrat, so I'm not on his side of a lot of issues. But I investigated John McCain for a year and a half, at least, when I was special counsel to the Senate Ethics Committee in the Keating Five, which, by the way, this "New York Times" article goes back to and discusses, goes back years and years.

And if there is one thing I am absolutely confident of, it is John McCain is an honest and honest man. I recommended to the Senate Ethics Committee that he be cut out of the case, that there was no evidence against him, and I think for the "New York Times" to dig this up just shows that Senator McCain's public statement about this is correct. It's a smear job. I'm sorry.

CSX, you might wanna talk to Robert first?....