It’s something of a joke in liberal circles that conservatives think tax cuts are a cure all like Robitussin. But it’s not a parody if its true.
COURIC: And, Bob, I understand that John McCain actually floated an alternative plan. What can you tell us about that?
ORR: We’re told at the White House Senator McCain offered an alternative plan that would include fewer regulations and more corporate tax breaks for businesses, kind of a private solution. But we’re also told those ideas angered and surprised Democrats like banking chairman Chris Dodd who now says he thinks the White House summit was more of a political stunt for McCain.
As far as McCain’s big Drama Queen moment, all indications are that all he did was to eff things up worse than they already were. Please America, don’t make this spaz with an impulse control problem anywhere near our White House except on one of those tour buses.
And by “deregulation” McCain means “give trillions of dollars to my long-time friends on Wall Street.”
Maverick? No – Shiva the great destroyer.
Hey, while we’re at it, let’s “deregulate” armed robbery.
I could use the money.
If there is any double that Obama is the only candidate to vote for just think again of 12 years of Republicans in the Whitehouse, and think long and hard before you vote. If there were any undecided voters, I bet they just decided in the last few days.
Except the crisis in question had nothing to do with deregulation no matter how many times you say it.
Sweet Jesus you people are fucking stupid.
Ok, how about lack of regulations then, Jay?
Let’s not split hares.
Look out liberals, Jay has an arsenal of linky links and quotely quotes to PROVE beyond a shadow of a doubt that Republicans are BLAMELESS! BLAMELESS, I tell you!
The last 28 years of piss-on-’em, er, I mean, trickle-down, economic theory NEVER HAPPENED. It’s Clinton’s fault!
Jay, you, like anyone who can look at the last eight years and want four more, are fucking insane.
This people are either fucking stupid, or they think we are stupid.
“Except the crisis in question had nothing to do with deregulation no matter how many times you say it.”
In Jay’s case, it could be both.
This crisis is a direct result of changes in regulations that allowed banks to sell mortgages. Because they no longer had a stake in whether or not people could pay back their mortgages, they made incredibly bad loans, hoping they could just pass on the risk to others.
Jay, you’re a dumbass. Nothing to do with deregulation? Wha? IB firms inventing fake “investment plans” that were basically total junk, and selling them to higher-end investors so they could turn them around for cash, ignoring the long-term effects of all those junk mortgages?
There’s plenty of blame to go around, but the biggest offenders with the McCain types who spent three decades tearing down the safety valves of the market.
Not that markets ever behave perfectly, but when you take away all the safe-guards in the name of deregulation, this is what you get.
McCain’s as guilty of bad economics as anyone else in this mess.
If this is McCain’s kind of plan even after having the benefit of hindsight, it’s safe to say he is guiltier than anyone at this very moment.
This is a real-world, concrete opportunity for him to put “Country First”, before his lobbyists and peers, and beyond his rhetoric and empty sloganeering –
This is why he can’t define honor (Time magazine, take 2?)
He blinked. Fail
more government is the enemy talk by militia McCain
[...] To listen to certain people and their ilk, it’s deregulation that caused the current problems, which are being driven by the problems in the housing market. Think so? Well, let’s look at this piece from the NY Times. From 1999: In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. [...]
House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”
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”
So Bill has credibility with you guys now? I thought that anything he said could be assumed to be untrue!
And so the crisis ISN’T Bill’s fault now? I thought it was “Clinton/Cuomo” who was supposed to be to blame!
Now it’s “Congressional Democrats” (who were in the minority) that fought the noble Clinton-Republican Common Sense Alliance, causing this meltdown EIGHT YEARS LATER???!!!
William, you and your ilk will say anything, no matter how ridiculous, to try and convince yourselves that your “trickle-down” dogma is valid. Even after 8 years of proof it’s not.