During the week Sen John McCain state that he wants to cancel fridays debate to tackle our country economic crisis. Barak Obama response was; The next president needs to "deal with more than one thing at once." Do you think that due to McCain lack of experience and a poor econmic plan is the reason he's looking to delay friday's debate. Is this a political stunt to show the nation that McCain priority and strength is the ecomony. As the next president we need to hear each canadates outlook during the debate to know how the econmic crisis will be handle. let me hear you america lol

spitvenom

Good point they are I am not up late enough to watch those shows. So Sad 30 years old in bed by 9:30 on the weeknights. Has to be done if i want to go to the gym before work.

Merris

Actually I've read that they are now planning to address the economy in addition to foreign policy because the crisis is at the forefront of everyone's minds right now. What the debates actually cover will be a mystery since now no one seems to know what the hell's going on with McCain running all over the place and causing more turmoil and instability on top of everything else that's going on and accomplishing nothing and even being rebuked by his own party for staging a ridiculous stunt to help his own poll numbers. One word: Theatrics.

After seeing Katie Couric's interview with Palin, I imagine he wanted to stall his own debate in order to stall the Vice Presidential debate to give Palin more time to prepare (which she so desperately needs-- but won't get now).

Tom-- Hud is definitely a complicating factor. Clinton and Bush both actually favored Cuomo's approach because it let them boast rising home ownership as part of their accomplishments. Hud didn't have any oversite of Fannie Mae. See no evil, prolly. There are many things involved from too many houses being built and too many people buying houses they couldn't afford to banks pushing loans on people with bad credit. I think it really boils down to good ol' greed. The GLB act just sort created this top-heavy monster with all the giant banks teetering and finally falling. Not sure where you got your pelosi info... The bill was divided by party lines: GovTrack: Senate Vote On Passage: S. 900 [106th]: Gramm-Leach-Bliley Act

Capitalism without regulation leads to consolidation that is just dangerous and the small companies and average people like you and me at the bottom end up paying for the mess as we are seeing now.

As for McCain being "exonerated" that sounds like he's totally innocent which is just not the case. He used very poor judgment becoming best buds with Keating who was hit with a $1.1 billion fraud and racketeering action, filed against him by the regulators. McCain received $112,000 in political contributions from Keating and made nine trips at Keating's expense, sometimes aboard Keating's jet and sometimes to Keating's opulent Bahamas retreat at Cat Cay. McCain only paid him when he learned Keating was in trouble. From what I'm gathering, McCain is a very poor judge of character--as further demonstrated by choosing Palin. (God help us all)

McCain is only attending the debates because Obama refused to be manipulated by him and said he was going anyway and have a town hall meeting without him. Good for Obama.

McCain is all stunt and no substance. (I just penned that phrase and kinda like it!)

BABRAM

BINGO!!! We have another winner folks! Welcome Merris! And I'll add that the self proclaimed "maverick" McCain was found sheepishly at Dubya's table hoping to straddle the side of the fence that would help him most in the campaign, not what's best for our public. He hid under Palin's skirt for weeks. Foreign policy is supposed to be McCain's strongest subject, so he better make best of this first debate. They'll probably touch on a few other subjects as well.

tomder55

Merris ;you linked to the Senate vote . See the House vote ;particularily Pelosi's vote.In this case the Democrats were very complicit in passing the law.Of the Dems 151 voted aye and only 50 against.
GovTrack: House Vote on Conference Report: S. 900 [106th]: Gramm-Leach-Bliley Act

I am not convinced anyway that G-L-B was such bad legislation . The main focus of the Gramm legislation is that it allows financial services companies to diversify their lines of business: Commercial banks can engage in investment banking, banks can offer brokerage services, and you can have an IRA at the same place you have your checking account.
The law did not create securitization and collateralized debt obligations. It did not change the rules for banks’ leverage ratios. If anything, it mitigated some risks by allowing financial companies to diversify their businesses.

Bank of America acquired Merrill Lynch;that would not have been permitted under the old rule.

I have not argued for no regulation .My argument has been that there were plenty of regulations in place but the combination of well intentioned political policy interfering in the market place;and outright corruption by the people charged with oversight allowed this situation to fester. Chris Dodd ...head of Senate Banling Committee ? The guys pockets are stuffed with Countrywide and Fannie Mae cash. He should be wearing an orange jump suit.

Your argument flys in the face of the facts re:Keating.
Bennett recommended to the Senate Ethics Committee thatMcCain be found clean but the Democrat led Senate had to make a case against him because he was the only Republican on the hook. The Senate Ethics Committee found McCain and Glenn to be the least blameworthy of the five senators. (McCain and Glenn attended the meetings but did nothing else to influence the regulators.) McCain was guilty of nothing more than "poor judgment," the committee said, and declared his actions were not "improper nor attended with gross negligence."
Still McCain returned the $112,000 to the Treasury.

Still McCain conceeds his poor judgement in befriending Keating .He has since spent his career in the Senate dedicated to reform ;even passing laws I despise like McCain Feingold.

BABRAM

Think Progress » McCain Adviser Phil Gramm Shaped McCain’s Economic Policy While Lobbying For Foreign Bank

Well I would had gladly payed the taxes to turn the White House into a prison. At least there would be one less crook to transport. Apparently there were some loopholes, so "yes" we do need a few more well defined regulations along with oversight that doesn't include the fox being in charge of investigating the hen house. Most politicians have stuffed their pockets one way or the other. That's no revelation. The greatest issue facing this nation, "the economy," needs to addressed over and over with both Dems and Pubs held accountable.



Problem currently for McCain is that of the "Keating Five" episode, he's the only one running for president.

tomder55

beautiful keep beating that dead horse. I love it.

BABRAM

Or a live jackass.

Wondergirl

Wow! That's a relief! I can't wait to cast my vote.

tomder55

but even that was a partisan ruling according to Robert Bennett .

DonaldM_23

1. Your wrong it was about the economy
2. A Man of Action? By showing the world he is concerned about the economy. The Debate show he was full of S**
3. I can sum up #3 its all politics. Using the economic crisis to be the center of attentions. What a lame effort, Obama being the man of action, want the world to know how he would handle the economy. Oh yea Bush term is up in about 4 months, the last thing obama need to do is sit in the same room of the man who put us in this situation.
4. Economy + McCain = Disaster