McCain – Assesses the Wall Street Bailout with Prudence

According to a recent Reuters article, nothing has changed in Washington - the President, George W. Bush, wants to give Wall Street a virtual blank check (being from the Baystate; The Big Dig comes to mind), the Democrats, led in the press by Rep. Barney Frank (D. MA) are screaming foul at every turn, because they have come up with a plan and allegedly had Bush ready to sign it. The Democrat plan has few restrictions: salary caps for ceo’s, and capital gains tax increase, along with oversights and transparency (something McCain has been pushing for all along). Bush will normally bow to media and democrat pressure, one of his major pitfalls with conservative. Frank and the press are blaming the administration for the collapse, when every single deal going on has Obama’s, Kerry’s, Dodd’s and Frank’s fingerprints all over the place (Those who benefited from kickbacks by Freddie and Fannie, and Frank particularly for pushing for no background checks on lower income individuals applying for mortgages.) Bush to his credit was concerned about potential problems with Freddie and Fannie, and it was Frank’s who poo-pooed his fears as ridiculous. The chickens have come home to roost, and so, Democrats do what they are bound to do – point the finger at the other party.

Here’s the kicker – the House Republican’s have developed their own version, one which is sensible, contains oversights, yet does not cripple small business. John McCain wants to investigate all avenues, which, considering the magnitude of what our government is asking of John and Jane Taxpayer, is a good idea. Obama wants to get it over with and debate (which may or may not be in his best interest considering that the debate would be on Foreign Policy) – it’s me, me, and more me – Obama 24/7.

McCain is acting like a man – a man who would look at all the proposals from both sides of the aisle in order to come to a sane and reasonable solution to this mess. He is also in the position to and more importantly willing to negotiate across party lines. In other words, he is not rushing to judgment, or putting himself first, rather he is governing in a style more presidential, one that proves he knows who he’s working for – the American people. Obama on the other hand offers little, citing politics as McCain’s motivation and demanding the debate take place like a spoiled child - the press, otherwise known as "journalist for Obama", are doing everything in their power to make McCain look unreasonable.

Couric on Palin – Not so subtle deception by CBS

Last evenings CBS news broadcast with Katie Couric featured two interviews; one with John McCain followed by an interview with Sarah Palin. In the first segment, Ms. Couric, on the current financial situation, asked John McCain if he agreed with Sarah Palin in her statement that the United States was heading for another depression. CBS Video Here

Later during the Palin Interview, Couric first asks Palin if she believes that the United States is heading for a Great Depression, Palin answer was non-committal; she stressed the importance of a bi-partisan plan and noted that if nothing was done that could be a possibility. The question one has to ask is: How stupid does the Elite Media feel the American people are? Anyone watching this specific broadcast understood immediately that Couric was dishonest in her alleged reporting. It is precisely this type of media coverage that continues to help push rankings and subscriptions further in to the abyss. One thing is fairly certain, come November 5th, there will be a shift in the media; either they will become more embolden with the arrogance of self-perceived importance in swaying an American election, or they will be even more marginalized than they are today – blaming the internet repeatedly for their woes. The interesting aspect of the internet as a catalyst vis a vis declining viewership and subscribers is that these types of media have solid web presence; however, traffic is often a problem. The problem the networks and major daily papers have is simple: They don’t understand that they have lost the trust of a majority of Americans because their bias is not concealed; rather it has become glaringly apparent. Journalist should report - not pontificate (or campaign) – that is editorial content, not a report. Ms. Couric’s editorial interview with Sarah Palin is shown below.


Watch CBS Videos Online

FBI Investigates Freddie and Fannie – Which Politician's will be Scrutinized?

Why the sudden rush to investigate to investigate two lending institutions that were, for all intents and purposes, government run institutions? An AP news release noted that the focus will be on the individuals who were in charge – would that include James Johnson? Johnson, a major Democrat Party player, has been scrutinized over deals made with Country Wide, and was tapped in May of this year by Barack Obama to help in choosing a running mate. This may be part of a broader investigation – on that is ongoing.


Johnson stepped down in June, after he came under fire regarding “questionable loan practices MSNBC. Coincidentially, Johnson also helped John Kerry with his vetting process. Who were the biggest political beneficiaries from Freddie Mac? - Dodd (D-CT), Obama, (D-IL), and Kerry, (D-MA).

As the process unfolds, and yet another (See the 1990 and bailouts), but more insidious socialist style taxpayer funded bailout is put into play (by a Legislature controlled by Democrats aided by the Bush administration), what could possibly come from such an investigation? An “October surprise” is not out of the question – that said - guilt by association cannot be used in an indictment – one would have to actively participate or be an accessory to a particular felony. Reform and oversight into the industry are what is needed, and regardless of how high and mighty the guilty players are, no matter how deep the ties to political machines, regardless of party affiliation, the penalty should fit the crime.