McCain Debate Victory a Catastrophic Success

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x00m8g of AK @ May 16, 2009 07:19:33 AM

Re: prosperity from socialism

I have no argument with Mark (above) that Obama, whom I strongly support, does have something of a socialistic bent to his political philosophy. So I was not surprised to find him endorsing our latest foray down the path toward socialism with a 700 billion dollar "buy in" equity purchase by the federal government from the nation's financial institutions. However, I was genuinely surprised to discover that John McCain and Republicans nationwide have meekly gone along with the idea. So it isn't just Democrats that are traveling on that dangerous road. A much smarter solution would have been to simply open federal deposit accounts at qualified (meaning unlikely to fail) institutions in order to inject needed liquidity into the financial system. Think about it: in your own small way you inject liquidity into the system every time you make a deposit at your bank, savings and loan, credit union or other financial entity. But, surely, you don't consider such deposits as a "bailout" or "equity purchase." Rather, those are simply deposits, not investments. But it contributes to liquidity all the same. Given our nation's alleged support for capitalism, why are so many supporting a socialistic solution to the current financial crisis?

ds arthur of CA @ Oct 18, 2008 22:23:38 PM

First debate

I listened carefully to both candidates during the first presidential debate and decided John McCain's essential pitch was: given that the country finds itself in dire straits, the sensible solution is to elect or re-elect people from the same political party that largely caused it to happen. Sorry, John, no sale.

D.S. Arthur of CA @ Oct 03, 2008 15:34:17 PM

Obamanonics???

I am surprised that Obama has gained ground in this economic crisis. It's very well documented that the mortgage collapse was started during Carter's administration, extended during Clinton's administration and heavily supported by and profited by democratic senators, especially Dodd, Obama and Barney during Bush's administration. The whole time during which it has been fought against primarily by conservatives and John McCain. This country is about to turn the reins over to one of the most corrupt and economically dangerous senator who, while claiming to be for the middle class, has screwed them out of mortgages while profiting by millions. The liberal media should not hide this information to protect their messiah. The public deserves to know about Obama's true past record before he breaks this great country. Please look up these facts before voting.

rick of SC @ Oct 02, 2008 08:37:38 AM

Obama won

McCain can't debate by following the failed policies of President Bush. With the Bush administration forced to nationlize banks and investment firms, McCain can't give "straight talk" on something he doesn't have a clue about.

McCain has to answer for Bush's expantion of government called Homeland Security and his economic war policy now in effect. McCain needs to find a way to "T-Wall" political topics like the US did to separate the Sunnis and Shites from killing each other. As it stands now, Bush's foreign policy looks just like McCain's.

R Bell of TX @ Sep 30, 2008 15:15:33 PM

The Bias.

I watched the debate too. I am an independent voter who has voted for both parties in the past depending on the candidate.

This "review" is an extremely biased one. The author should have just said that he (and everybody else on CNBC) loves Obama and everything he says and stands for - without all this pretending to be doing a fair analysis. The sarcasm for McCain and the Obama hype in this article was heavy!

As I remember it, McCain said he wanted to freeze spending on most programs as the govt. ( congress authorizes spending - not the president.) was out-of-control in its spending with massive deficits now - while Obama kept on talking about his favourite programs he had in mind for even more spending, if he becomes president. Obama is a far more smooth talker than McCain - even calling the much more senior senator repeatedly by his 1st name while he himself was always being addressed as "Senator Obama".

roger abraham of WV @ Sep 30, 2008 14:26:48 PM

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Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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