by Jill Zuckman
Sen. John McCain responded today from Pueblo, Colorado, to the news that Congress finally passed a rescue package for Wall Street and President Bush signed it into law.
"I commend the House of Representatives for coming together to pass the economic rescue bill today. I'm glad I suspended my campaign to go back to Washington to help bring the House Republicans to the table. I believe that the taxpayer protections that have been added have improved the bill.
"This rescue bill is not perfect, and it is an outrage that it's even necessary. But we must stop the damage to our economy done by corrupt and incompetent practices on Wall Street and in Washington.
"The action Congress took today is a tourniquet, not a permanent solution. Our economy is still hurting and further action is needed, and it should not take a crisis to get this Congress to act.
"Washington is still on the wrong track, and we face a stark choice in this election. We can go backwards with job-killing tax hikes, the same old broken partisanship, and out of control spending as Senator Obama would have us do or we can bring real reform to Washington.
"My focus is to reform Washington and put government back on the side of working families with tax relief, modern job training, energy independence, more affordable health care, and policies that get spending under control.
"That's how we're going to get America moving again, and that's exactly what I'm going to do. Thank you and again, I commend the House Republicans for acting in the best interest of our nation."







Comments
McCain voted for the Senate bailout package. Oh well, there goes his commitment to eliminate pork-barrel spending and government waste. Now he has ZERO conservative appeal.
Posted by: John W. | October 3, 2008 5:42 PM
John W, I'm curious, what do you think of Palin? She was obviously picked to appeal to the more conservative wing of the Party. That would make you part of the target market for her selection. Does she make you any more or less likely to vote for McCain? Does she have any real conservative credibility in your opinion?
Posted by: JT | October 3, 2008 5:59 PM
McCain knows all about bailing out rich bankers and screwing over middle class and poor people, he's been doing it for years.
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http://www.youtube.com/watch?v=HAzDEbVFcg8
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McCain - Founding Member of the Keating Five:
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McCain was one of the "Keating Five," congressmen investigated on ethics charges for strenuously helping convicted racketeer Charles Keating after he gave them large campaign contributions and vacation trips.
Charles Keating was convicted of racketeering and fraud in both state and federal court after his Lincoln Savings & Loan collapsed, costing the taxpayers $3.4 billion. His convictions were overturned on technicalities; for example, the federal conviction was overturned because jurors had heard about his state conviction, and his state charges because Judge Lance Ito (yes, that judge) screwed up jury instructions. Neither court cleared him, and he faces new trials in both courts.)
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Though he was not convicted of anything, McCain intervened on behalf of Charles Keating after Keating gave McCain at least $112,00 in contributions. In the mid-1980s, McCain made at least 9 trips on Keating's airplanes, and 3 of those were to Keating's luxurious retreat in the Bahamas. McCain's wife and father-in-law also were the largest investors (at $350,000) in a Keating shopping center; the Phoenix New Times called it a "sweetheart deal."
Here's some straight-talk, my friends:
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http://www.realchange.org/mccain.htm
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Posted by: McCain - Founding Member of the Keating 5 | October 3, 2008 7:31 PM
"John W, I'm curious, what do you think of Palin? . . ."
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Posted by: JT | October 3, 2008 5:59 PM
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At the outset, Palin struck me as a bit of a ditz. After the debate, however, I came away with the impression that she is a lot smarter, and a lot quicker on her feet, than I had originally thought. Yet, for an elected official, I think she is a bit deficient in her knowledge of the way the government is supposed to work. On the other hand, I think she is smart enough to make up that deficiency.
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Does her selection make me want to vote for John McCain? No. His tortured view of the Constitution (no pun intended) and his stances on a number of issues have alienated me a long time ago. His only redeeming feature, in my opinion, was his credible record as a fiscal conservative. But that boat went sailing Wednesday with vote for the bailout. I would just as soon write in a dead relative as vote for him.
Posted by: John W. | October 3, 2008 8:38 PM
What do you think of Sarahhhh Palin?
Well, break out the kneepads, chapstick, and pom poms.
Is Jonno M.C. Cain against earmarks?
Er, Ah, did he vote present on the Bailout Bill as amended?
If so, just put him in the hypocrite column.
Posted by: ornery | October 4, 2008 12:14 AM
john w,
Your jaded views of McCain are interesting but way off base. Remember that many republicans and democrats had to change their vote from no to yes on the tourniquet bill to stop the bleeding of our economy.
This disaster didn't happen over eight yrs of Geo Bush. It began in Kennedy-then Johnson-nixon,etc,
Posted by: martha long | October 4, 2008 12:25 AM
My problem with Plain aside from her voice is that she left her beloved hometown broke and in a lawsuit about a hockey rink and it seems once "Ms Reform and Cut" took office she took full advantage of the "perks" of the Alaska governor's office billing the public while she was at home and adding a tanning bed in the governor's mansion and conducting state business on private email accounts including "First Dude" in the decision making behind closed doors without public knowledge.
Just repeating what I have heard on this and other blogs. I don't think anyone in public office is squeaky clean and should not claim they are.
Posted by: lochnessmonster | October 4, 2008 7:03 AM
Martha - Knowing that McCain is self-admittedly ignorant on the economy, he would have better served his "maverick" image if he voted against the bailout. I think he's in bed with too man lobbyists running his campaign and too scared to chart a different course when it comes to economics. It doesn't bode well for Repubs, when they split the party on this bailout vote - either way.
Posted by: karl | October 4, 2008 9:47 AM
Contrary to what is posted here, the deficits are a product of the Reagan/Bush voodoo trickle down economy. John McCain's bosom buddy, Phil Gramm, wrote the legislation in 1999 that unleashed Wall Street from most regulatory oversight.
Kennedy and Johnson had nothing to do with this disaster!
Posted by: athena | October 4, 2008 2:10 PM
Martha,
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My views on McCain do not depend entirely upon his recent vote in the Senate. I was not planning to vote for him, or anyone else, long before last Friday's vote. Friday's vote merely took away the last vestige of his image as a conservative.
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In my view, McCain's stances on issues like immigration constitutional rights disqualify him from higher office. His willingness to shred the First Amendment in the name of campaign reform shows me that he is ignorant of the great traditions of liberty upon which this country was founded. His lack of willingness to openly criticize the Bush administration for its numerous violations of the Constitution (e.g. illegal wiretaps, arbitrary arrests, torture, and indefinite detention of American Citizens, to name a few), simply confirms my fears about him. His continued support for amnesty for 12 million illegal aliens shows me that he has no respect for the rule of law. In fact, he distorted his views on this issue until after his nomination.
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To me, that left his reputation as a fiscal conservative as his only redeeming quality. But, with time, it became apparent that his ideas about fiscal conservatism were (and are) terribly shallow. His proposed attacks on pork and earmarks aren't going to begin solving the budget and debt crisis. They only represent a few billion dollars of spending in any fiscal year. Take them away and we are still far from out of the woods. It is the ever increasing spending limits, budgetary presumptions favoring increased allocations, Congress' appetite for spending, and the Federal Reserve Banks' uncontrollable flood of money into the market that lie at the root of our fiscal trouble. Those are what account for the girth in the budget. Thus, attacking pork and earmarks won't help.
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In addition, have you ever noticed how the words "balanced budget" never cross McCain's lips? I have. Have you ever noticed his silence concerning the disastrous budgetary practices of the Bush administration? I have. Have you ever once heard him complaining about the inflationary practices of the federal government and the Federal Reserve Bank? I haven't. Thus, if he was a credible fiscal conservative, that was barely the case. And then he went and signed off on the Senate's version of the bailout - which raised the debt ceiling and had included $110 billion or more - without as much as a peep out of him in protest.
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Furthermore, unlike you, I am not convinced the bailout is either necessary or sufficient to solve anything. It is nothing more than throwing money at a problem. I have yet to hear a credible argument as to how or why buying up $700 billion worth of worthless paper (or more) will un-freeze credit, or even how it will help average Joe-SixPack. It certainly doesn't address the root of the problem - which was the housing market crash. In case you hadn't noticed, a substantial number of conservatives - including a large number of House Republicans - haven't bought into the bailout either.
Posted by: John W. | October 4, 2008 4:08 PM
Correction:
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The last sentence in paragraph four of my last post should have read:
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" And then he went and signed off on the Senate's version of the bailout - which raised the debt ceiling and included $110 billion or more in PORK - without as much as a peep out of him in protest. Sorry.
Posted by: John W. | October 4, 2008 5:47 PM