McBama
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- September
- 26
The spat between Obama and McCain over who came up with the idea first for a joint statement on the wall street bailout was silly. McCain rushing off to Washington to pretend to get to work on the bailout was (what we used to say growing up in England) taking the piss. Obama rushing off to be there too so they could both sit with the other guy who is out of the loop (The President) was also pure theater. On top of all that, McCain’s posturing to cancel the debate tonight, made him look ridiculous (admittedly a subtle sign of strength and desirability among some voters if the past few elections are to be considered..) UPDATE: This just in – Apparently McCain has not only agreed to debate, but according to an ad in the WSJ today, has already won it. Looks like an innocent case of he hit “send” on his blackberry instead of “save.” dang newfangled technology.
From two guys who are angling to take over this mess in a few months, they are not showing any noticeable signs of leadership. At least not this week, anyway.
This entry was posted
on Friday, September 26th, 2008 at 10:33 am by Matt Davies.
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After the S and L bailout we had the RTC president,
W. Bush was the WTC president
President McBama will be the WTF president…campaining for change when actually trying his darnest to avoid change (keep them banks steady ferchrissake) when, anyway, times they are a changin’
Since we’ve already arrived at Capitalism 2.0 …
Why not take the 700 billion and pay off the mortgages of the means-tested poorest?
Surely better than paying the banks something like FACE VALUE to take the securities off them. Why doesn’t Obama or McCain show a bit of initiative in the face of a Paulson/Goldman stitch up of us all?
Because of the WtF factor….how depressing.
Yep. Totally agree. Shore up the mortgage debt on people who got sold down a river…Help them keep their houses, the housing hemorrhaging is alleviated…And lo and behold, the stupid mortgage securities start to gain in value, and the banks are fluid again.
Unfortunately though, people who are being foreclosed on tend not to have lobbyists working on their behalf – Thereby ensuring the $700B will go to the wrong end of the problem.
Perhaps those foreclosed could elect a politician to work on their behalf. Maybe even a president. Am I being naive here?
C’Mon Obama…$700B Federal write off of the poorest debt in the US…save the banking sector into the bargain. Everybody wins except the taxpayer (who was gonna get it anyway) It’s the new rules. It’s change. Why not?