Wednesday, October 8, 2008

Second Debate

McCain the "De-Regulator" pushes a bill that gives regulators authority over the criminal acts being performed by Fannie Mae in 2005, when something could be done about it. I guess he understands that theft is wrong even in free markets, probably a lesson hard learned from his Keating experience. Obama profits from Fannie Mae, and in 2007, when nothing could be done to stop the subprime meltdown, scapegoats Paulson and Bernanke by writing an open letter saying that they need to do something. http://tpmcafe.talkingpointsmemo.com/talk/2008/03/obamas-year-old-letter-to-bern.php - by the way, watch the videos and you'll see the regulators getting beaten up by Obama's Democratic cronies for trying to do their job. The only regulation Obama was behind was suing banks that did not issue enough subprime loans (again, watch the videos).

Do NOT buy up bad mortgages! Let them fail! Let the market correct or we'll be totally screwed! Let the banks renegotiate loans if it's in their best interest, but don't force banks, nor our American government, to take on more bad debt. I think this is just a political move to try and get people in housing trouble to vote McCain, but it's worse than promising everyone a new pony.

Secretary of the Treasury: draft (or beg) Ron Paul, forget Meg Whitman. I've admired Warren Buffet for some time, but I think he may have finally made a deal with the devil.

One hand giveth -> BS Obama! By taxing employer contributions, you create an even playing field between people who pay for their own insurance and people who get insurance from their company because the company is paying for the insurance with pre-tax dollars. This is makes the self employed and small employer more viable. Thank you McCain for supporting the free market over socialized medicine. If government does everything for everyone, everyone will be working for the government and won't be encouraged to do what they need and want for themselves. Healthcare is your responsibility, like car insurance, home owner's insurance and travel insurance.

Looking around corners: Obama wasn't able to see the subprime fiasco, he won't be able to predict the moves of our enemies.

Unlike Obama, McCain isn't telling the American people he's going to be the next president, he's asking us to let him serve us and his country.

Citizens Against Government Waste (supporting McCain's statements): http://councilfor.cagw.org/site/News2?abbr=CCAGW_&page=NewsArticle&id=11620

fact check: http://www.factcheck.org/elections-2008/factchecking_debate_no_2.html

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