How McCain Can Mount a Comeback

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It's elementary

McCain needs to come out quickly and strongly against any/all bailout proposals for financial fat cats and bankers. Ditto for the immediate removal of Paulson. Paulson holds a ton of Goldman Sachs stock that he wants to protect the value of. The interests of the America people are the farthest thing from his mind. Duh!!!

v. gates of TX @ Sep 30, 2008 15:55:08 PM

SMOKE AND MIRRORS

HOW DOES McCAIN TURN IT AROUND... HE DOESN'T AS LONG AS THE MEDIA IGNORES THE FACTS

The response of the Democrats and the Obama campaign to the current financial crisis has been an exercise of SMOKE AND MIRRORS from day one. The housing and mortgage crisis has Democratic Party fingerprints and DNA all over it. The connections between Fannie Mae / Freddie Mac / ACORN / Democrats / Obama are impossible to miss, unless you’re living on a different planet. That’s what makes Pelosi’s comments so incredible. And let’s not speak about Barney (“Fannie and Freddie are not in a crisis!”) Frank. The national media is afraid of speaking the truth on this issue because that would put their darling candidate in serious jeopardy. If the national media were running a CSI lab, they would be all fired for incompetence, if not prosecuted for falsification of crucial data.

BUSH failed in that he did not aggressively take control of the situation. But blaming Bush in this case is like blaming the fireman for failing to put out the fire, or maybe for showing up too late. In the meantime, McCain was one of those who called for strict oversight over the mortgage giants, against Democratic opposition. This is not about bailing out the Bush administration. This is about bailing out the country from the Democratic Party's social engineering pet project gone horribly wrong.

WAKE UP... Obama is not going to bring change. He is simply the poster child for everything that needs to be changed in Washington. He is the facade behind which hide the same old special interests, which brought on this mess.

Andrew O. @ Sep 30, 2008 15:44:54 PM

Let Palin call a spade a spade

Palin should be unleashed to speak about the economy in blunt terms. No fancy wall street language. Shine the light on Freddie Mac, Fannie Mae, ACORN, forced affirmative action loans to minorities, etc.

geevill of TX @ Sep 30, 2008 15:44:34 PM

McCain is not qualified to be a leader

McCain has flailed around and flip-flopped on so many issues it shows he doesn't even stand for anything. Times are tough and we need a competent and level-headed leader.

Obama/Biden 08

chris of PA @ Sep 30, 2008 15:44:05 PM

McCain should just NOT DO ANYTHING...he's done enough damage

The problem is John McCain attempting to make the bailout negotiations his political stage, which ignited partisan fire on BOTH sides of the aisle. This resulted in the breakdown of the process, Nancy Pelosi's dumb speech, which was certainly unproductive, and subsequently Republicans voting no just because their feelings were hurt, but they were clearly reacting in a partisan manner too. So Nancy Pelosi is at fault for not respecting partisan sensitivities, and the house republicans who changed their minds are at fault for voting against the interest of the nation due to partisan motivations. However, we all should not forget it was John McCain's grandstanding move last week that set the whole partisan ball rolling in the first place. And it was John McCain's failure to convince his party members that let to the collapse of the bill and the resulting impact on wall street and people's retirement accounts. Let's all not get the facts twisted...the events are clear for all to see. John Mccain just needs tob ack the hell off so he wont cause any more problems.

RoarkS of OH @ Sep 30, 2008 15:30:03 PM

McCain's Comeback

It was a bad two weeks for McCain yet polls have not given Obama a strong, lead. McCain is really not that far behind and there is still 4 more weeks to go. The uncertainty of the economy may bring more people into McCain's camp since he represents stability and familiarity.

Scott D @ Sep 30, 2008 14:23:51 PM

I just want it all to end.

Wow. Even though this may be an oppertonity for John Mccain, I still think need the entire congress should all pitch in to help America.

this has to stop now or our children will have to pay for what we have done.

of WI @ Sep 30, 2008 14:18:04 PM

McCain isn't up to it . . . .

and that is unfortunate. He has missed so many opportunities to take this campaign on offense it's sickening. What makes us think he will actually take anything close to this fine advise? For example, his debate response to Obama on Fannie and Freddie reform saying, merely, that he, too, was in favor of regulation then babbling on about earmarks. He could have it that out of the ballpark based on HIS OWN 2004 statement warning what would follow without immediate reform. He's a Maverick without a clue.

The man is incapable of going for the jugular. I'd be shocked if he changes his stripes now, but I pray I'm pleasantly surprised because he does. Hold your nose. I see no evidence McCain is up to this task to turn around this election on this basis---even though the gun is virtually loaded and sits there on the table, ready for him to fire away.

Marc of MI @ Sep 30, 2008 13:45:31 PM

great opportunity for McCain

You couldn't invent a better scenario. Markets and economy in crisis due to fallout from policy 100% owned by Democrats: CRA, Fred and Fan plus Obama's connections to vote fraud plaintiff ACORN. McCain has credibility having called for scrutiny of the GSEs.

McCain needs to hammer on this NOW.

PAT DUGGAN of IL @ Sep 30, 2008 13:15:39 PM

McCain Pushback

Finally, someone is sorting this crisis out. I agree with you that this is an opportunity for McCain. I hhope that he uses the expertise of people who serve the American taxpayer and not themselves and the short-term, proverbial next election. The big-government, throw-more-money-to-the-solution (with some-leakage-to-admirers) supporters tried to reclaim control. Ironically, the very people who "nearly" had an agreement last Wednesday would have benefited politically by the crisis and yet they criticized any intervention as a political maneuver. What on earth was a provision earmarked for the ACORN people doing in the first house Bill! Subsidizing more debt to people who can't afford to service it? Isn't this more of the same?

Now that we have had nearly a week to think about a solution, Barney Frank, who has been respected by many for his intelligence and understanding of the problems surrounding mortgage failures, is a key finger-pointer. His offense can only be explained as a desperate attempt to deflect criticism for (literally) being in bed with Herb Moses, a Fannie Mae executive. Their relationship was openly reported in 1998 and they are reported to still be "friends". He opposes more Fannie Mae regulation despite testimony by Alan Greenspan the the system was in danger.

Obama, true to form, has recently tried to distance himself from Fran Rainz, another Fannie Mae beneficiary.

Banking Committee Chair, Sen. Chris Dodd is the largest political benefactor from Fannie Mae and Barack Obama, the second (in only three years). Yes, he certainly does understand the banking system as he was instrumental in bypassing legislation to protect taxpayers from abuse. Under the guise of helping lower middle class Americans, he and Sen. Frank opened the doors to looters. Looters who, in turn, made sure they kept the keys.

How can Speaker Pelosi repeatedly face the American people and claim with a straight face that this crisis was caused by a Republican administration? She is divisive and incompetent.

McCain will have to push back against charges by Obama supporters and the MSM that his involvement has been erratic. This is nonsense. He is responding to the twists an turns of events which have been stunningly unpredictable. Meanwhile the Obama campaign can proceed calmly as the waters of the MSM part to let Obama pass. It's easy for him to enter center stage when supporting actors call for him.

Michele Pecora of VA @ Sep 30, 2008 13:13:41 PM

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Capital Commerce

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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