Here is McCain Being a Creative Leader

#2
#2
BigPapaVol said:
I don't know whose idea any of this is or where the funds come from, but this is what I view as leadership. Just the comment that politicians are going to have to do some unpopular things to get this right.

McCain urges Treasury Department to take action - Yahoo! News
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The problem is nobody knows where the funds come from for this, and everybody knows the solution will be unpopular. I don't see anything revolutionary about what McCain is saying here, and any number of politicians in Congress and the Senate are sharing these same views.

But I will give him this, he came out and said what needed to be said before Obama did.
 
#3
#3
Atleast its not......"this is the greatest country in the world....help me change it"
 
#4
#4
rjd970 said:
The problem is nobody knows where the funds come from for this, and everybody knows the solution will be unpopular. I don't see anything revolutionary about what McCain is saying here, and any number of politicians in Congress and the Senate are sharing these same views.

But I will give him this, he came out and said what needed to be said before Obama did.
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Did you read it. Who has been saying that the treasury can use exchange stabilization funds to help? Who has been saying that there is already an approved provision allowing the Treasury to absorb up to $1 trillion in mortgages?

If that were the case, why the public fight over this bill, when we have more than enough capacity to do the deal without congress?
 
#6
#6
either way you gotta love congress taking off for a Jewish holiday. Those mfers, i wish i could beat the living s**t out of those fools
 
#7
#7
TennNC said:
Who knows if McCain's proposal is legitimate or not, but he didn't beat Obama to the punch in offering something new and "creative" on the issue. For example, this morning the Obama campaign released a proposal to increase the FDIC cap from $100K to $250K (that magic number).

Political Radar: Obama Pushes Rescue Plan ... Lays Off McCain
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The FDIC cap does absolutely nothing to help this problem. All it does is prevent depositors from leaving banks, but there just aren't that many with denoms over $100k who this impacts.

It does almost nothing for the withering bank regulatory capital out there. It simply maintains the status quo.
 
#8
#8
The article also says the Repubs and McCain have already mentioned the 250 cap.
 
#9
#9
JZVOL said:
The article also says the Repubs and McCain have already mentioned the 250 cap.
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but again, all it would do is prevent the flight of existing capital, not inject new capital. Offloading of a mountain of potential bad debt frees up capital so the banks can survive.

It's not like people are going to push hordes of money into banks just because the FDIC will insure more of it.
 
#10
#10
BigPapaVol said:
but again, all it would do is prevent the flight of existing capital, not inject new capital. Offloading of a mountain of potential bad debt frees up capital so the banks can survive.

It's not like people are going to push hordes of money into banks just because the FDIC will insure more of it.
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I understand and what you say makes sense. I was just trying to point out that Obama sucks.
 
#14
#14
TennNC said:
would you feel any different if it were Christmas?
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nope, because i had to work last year on Christmas Eve, grant it it was from home, but still work is work. The nation is in crisis mode and they need to get to work on it. By the way how many of them are Jewish?
 
#16
#16
Vol Mania 21 said:
nope, because i had to work last year on Christmas Eve, grant it it was from home, but still work is work. The nation is in crisis mode and they need to get to work on it. By the way how many of them are Jewish?
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all immaterial. Christmas is a federal holiday. We as a nation recognize no Jewish holidays.
 
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