Posted by azamatbagatov:

Yeah, He's a real economic genius. God help this country if this senile old man wins this election.


http://www.youtube.com/watch?v=wWI35eNnDOw

Posted by azamatbagatov:

Posted by izybx:

http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16

Yawn.

I noticed you left out his decades of being against the type of regulation that might have prevented this economic meltdow, i would too if i were arguing your point. Now, you can go back to sleep thinking McSame has a clue about the economy....



[Edited by - azamatbagatov on 09-20-2008 5:49 PM]

Posted by azamatbagatov:

Posted by izybx:

Posted by azamatbagatov:

Posted by izybx:

http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16

Yawn.

I noticed you left out his decades of being against the type of regulation that might have prevented this economic meltdow, i would too if i were arguing your point. Now, you can go back to sleep thinking McSame has a clue about the economy....



[Edited by - azamatbagatov on 09-20-2008 5:49 PM]

Like you left out that http://he actually didpropose regulation that might have prevented this economic meltdown, I would too if i were arguing your point. Now you can go back to sleep thinking that because Barry Obama has done nothing in his short political career to help the economy therefor he somehow has more of a clue about the economy than a high school economics teacher.

[Edited by - izybx on 21-09-2008 03:21 AM]

http://progressiveaccountability.org/2008/09/17/john-mccain-the-deregulator/

You can't have decades of being anti-regulation and then conveniently change your tune in a week. The guy has always been for deregulation. He has been and is currently part of the problem, whether you care to admit it or not, but hey keep your head in the sand if you want.

P.S. - Any high school economics teacher in the country has a better grasp on the economy than your boy who has admitted as such. You republicans are a desperate bunch these days, it's fun to watch you squirm and flip-flop on a daily basis

Posted by Pharzeone:

Yet he voted constantly for deregulation for the banking and investment industry. Not only did he do nothing to prevent this crisis, he tried to profit from the last major one in 1989.

The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).

After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".

All five of the senators involved served out their terms. Only Glenn and McCain ran for re-election, and they were both re-elected.

The U.S. Savings and Loan crisis of the 1980s and 1990s was the failure of 747 savings and loan associations (S&Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. taxpayer.

The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990-1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, the lowest rate since World War II.

The Keating Five scandal was prompted by the activities of one particular savings and loan: Lincoln Savings and Loan Association of Irvine, California. Lincoln's chairman was Charles Keating, who ultimately served five years in prison for his corrupt mismanagement of Lincoln. In the four years since Keating's American Continental Corporation (ACC) had purchased Lincoln in 1984, Lincoln's assets had increased from $1.1 billion to $5.5 billion.[4] Such savings and loan associations had been deregulated in the early 1980s, allowing them to make highly risky investments with their depositors' money, a change of which Keating took advantage. Lincoln's investments took the form of buying land, taking equity positions in real estate development projects, and buying high-yield junk bonds.

http://transcripts.cnn.com/TRANSCRIPTS/0809/20/bb.01.html
"When I see photographs of senator McCain's staff, it looks to me like the team of lobbyists who used to report to me."

Posted by izybx:

Posted by Pharzeone:

Posted by izybx:

Posted by azamatbagatov:

Posted by izybx:

Posted by azamatbagatov:

Posted by izybx:

http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16

Yawn.

I noticed you left out his decades of being against the type of regulation that might have prevented this economic meltdow, i would too if i were arguing your point. Now, you can go back to sleep thinking McSame has a clue about the economy....



[Edited by - azamatbagatov on 09-20-2008 5:49 PM]

Like you left out that http://he actually didpropose regulation that might have prevented this economic meltdown, I would too if i were arguing your point. Now you can go back to sleep thinking that because Barry Obama has done nothing in his short political career to help the economy therefor he somehow has more of a clue about the economy than a high school economics teacher.

[Edited by - izybx on 21-09-2008 03:21 AM]

http://progressiveaccountability.org/2008/09/17/john-mccain-the-deregulator/

You can't have decades of being anti-regulation and then conveniently change your tune in a week. The guy has always been for deregulation. He has been and is currently part of the problem, whether you care to admit it or not, but hey keep your head in the sand if you want.

P.S. - Any high school economics teacher in the country has a better grasp on the economy than your boy who has admitted as such. You republicans are a desperate bunch these days, it's fun to watch you squirm and flip-flop on a daily basis

You are saying nothing in response to my post. Youre blaming Mccain and his party for the current crisis, yet you fail to acknowledge that he proposed regulation that could have prevented it. You refuse to respong to the fact that he actually predicted the current crisis years ago, and did something to try to prevent it. Then you say that hes a flip flopper and that he doesnt know the economy. Do me a favor.

1. Admit the above, that Mccain warned of the current crisis in 2005 and proposed legislation to prevent it.
2. Tell me ANYTHING that Mr. Econo Obama did to prevent the current crisis. Please, I showed you one major thing, now show me the slightest detail, statement, memo, anything. Please.

Yet he voted constantly for deregulation for the banking and investment industry. Not only did he do nothing to prevent this crisis, he tried to profit from the last major one in 1989.
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).

After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".

All five of the senators involved served out their terms. Only Glenn and McCain ran for re-election, and they were both re-elected.

The U.S. Savings and Loan crisis of the 1980s and 1990s was the failure of 747 savings and loan associations (S&Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. taxpayer.

The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990-1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, the lowest rate since World War II.

The Keating Five scandal was prompted by the activities of one particular savings and loan: Lincoln Savings and Loan Association of Irvine, California. Lincoln's chairman was Charles Keating, who ultimately served five years in prison for his corrupt mismanagement of Lincoln. In the four years since Keating's American Continental Corporation (ACC) had purchased Lincoln in 1984, Lincoln's assets had increased from $1.1 billion to $5.5 billion.[4] Such savings and loan associations had been deregulated in the early 1980s, allowing them to make highly risky investments with their depositors' money, a change of which Keating took advantage. Lincoln's investments took the form of buying land, taking equity positions in real estate development projects, and buying high-yield junk bonds.

You say he did nothing to deal with the current financial crisis, refusing to respond to my OP about the legislation he proposed in 2005 that could have helped to prevent what he is now happening. So when you say he did nothing, you are simply ignoring what I am saying. So whats the point of me even typing?

Great!! He proposed legislation in 05. For years before and years after that he still is on the record for being for de-regulation. So what is his real stance on the issue? Or is he just a flip-flopper

Care to adreess any of the other dozen points brought up about how he benefited the last time this happened or his lifetime of being for de-regulation or are you just getting tired of being owned left and right?