McCain: Greed Created Wall Street's Problems

[isaac1989foo]

stfu mccain fuck u rot in hell

[1jazzsinga]

McCain should know all about greed. He is all about greed. He only has eleven homes and a bevy of collectable automobiles. The oil companies will be very happy if McCain and the republicans manage to steal another election.

[70road]

19% of Americans think that they are in the top 1%. If you made more than 1.3m last year you are in the top 1%. Wanting to be rich does not make you rich.

[Garbage101]

Mccain is a de-regulator

hes a flip-flopper.... like an old plastic bag floating around in the direction of political winds

[senorfish4]

McCain had the biggest banking/wallstreet deregulator, Sen. Phil Gramm, as his head economics adviser. McCain has always believed in deregulation- even calling himself a "deregulatory hawk." He fired Gramm. Now McCain wants to change wallstreet w/ regulation & oversight.

If McCain had flipped on deregulation to regulation SOONER and followed Obama in pressing for more regulation & oversight, we might not be in the mess we are in now. (BTW Phil Gramm also known for creating the "enron loophole")

[wehadrons]

Phil Gramm is back with McCain, he was only fired for press and public consumption.

[djg714]

John McCain is a fraud. He's a free trader, no regulations guy. No he's a reformer. What a bunch of BS.

[saintless]

I'm sure that those investment bankers who "dreamed up investment schemes that they themselves don't understand," understood perfectly well that if they made bad investments, the tax payer would bail them out! John McCain on financial regulation: better late than never right? We know why the system is broke, how are you going to fix it Sen. McCain? Tax breaks for the investors to cushion their severance packages? It's time to fix the economy by reinvesting in our infrastructure. Obama '08

[voxsingularis]

McCain is right. Unscrupulous intentions and actions chosen by greedy, short-sighted opportunists cause problems, not nebulous "economic philosophies" as Obama said today. A system is comprised of individuals.

[mosiebose]

McCains have been part of the greedy short sighted oportunists with their 7 houses and $100Mil. (just think how the help the ecomomy---how many gardners and wait staff).

While it is right that the economic problems are caused by greed, he and the lobbyists he buddies with are great part of the problem. He is like the "Preacher" that comdemns the whore as he goes out the back door.

Have you ever heard of the KEATING 5--check it out!

We not only need more regulation laws---but enforcement!!!

[ecdmuppet]

Everyone has an opportunity to earn a living and keep a roof over their heads. Also, anyone in this country that can get accepted into school can pay for their education. I've got over $20,000 in loans after only two years in school, but I'll be an engineer making $75k/yr when I graduate. Companies are lining up to hire people coming out of the college of engineering at my school, and most of them will even pay off your loans. If you're not finding success, you're not trying hard enough.

[ContrastY]

oh...

so the employees from Lehmans who were told to come in pack up their desks on their day off are suffering from bad karma and laziness.

I GET IT NOW.

Give me a ring when you graduate and we'll talk then.

[ecdmuppet]

the people working at Lehmans are going to go work for the British bank that's about to buy their company. The ones that don't get hired back there will find another job because they're experienced and educated.

If they have to change careers, then they'll still have a job after they retrain. I think a positive role of government is to help with retraining and provide unemployment insurance, the way we do, but if you think it's government's job to keep companies afloat, you're dangerous.

[mosiebose]

You have a lot to learn...There are many others who aren't as fortunate as you who are not able to get a Student loan because the Republican policy cut most of them out!!

Perhaps you might want to think of the welfare of others and be less self absorbed and patting yourself on the back for the loans you were fortunate enough to get...You'll get a cramp in your arm if you're not careful...

You sure have a lot to learn!

[ContrastY]

puppet, no one is asking for a handout.

They are asking for an opportunity to earn a living to keep a roof over their heads and put their children through school.

You are not helping our country with your campaign of misinformation.

[monkeyink]

'McCain: Greed Created Wall Street's Problems' so with your tax breaks you give the greedy MORE money and..? you think it will cure them and they will become benevolent? Remove all oversight and they will be more honest?

[xenomenon]

"Remove all oversight and they will be more honest?"

I don't think that's what he's saying. Let the institutions who make ill-fated lending and investment decisions flounder and fail. The market will react, slow, strengthen and correct itself. The weak businesses should be allowed to fail instead of fostering bad ideas to propagate and continue to be enacted. It's not the governments role to come the recuse. That's a stagnant use of funds and only postpones the inevitable.

[ecdmuppet]

Don't remove all oversight. That's dumb. But if you overregulate, you'll stifle the good economic growth along with the bad. Furthermore, It still won't prevent every company from getting stupid, but I guarantee that a federal beaurocracy run by people trying to get votes, and doing what's popular, rather than what's right, is NOT going to do a better job. The economy needs to be run by economists, not the mass media manipulating the sheeple into pushing congress into passing unneeded laws.

[grazzellian]

Hoot down this Bush's buddy and economic moron. He's been sticking to the same scriptsa as Bush. Why doesn't he act now, that the Republicans are in power? Just like he's keeping every damned secret to his chest "until after he's been elected?" What a crank. I can stand a crank; but a dishonest crank is despicable. McCain is senile and insane

[xenomenon]

Intense government involvement, Republican or Democratic, in general isn't good for business. McCain is a mild Republican at best and historically is more aligned with the opposition. However, if elected he'd be more apt to serve his constituents and in my experience Republicans have their hand a little less deep into my pocket. I'm not for the meager wealth that I do have redistributed to those who didn't work for it. The lesser of two evils is the only choice we have this time. Vote McCain.

[grazzellian]

McCain is ill-qualified to talk about other peoples' greed, when people are betting their houses to feed themselves. I mean, it is rich coming from his moronic greedy mouth, when his basic philosophy is the Bush economics. Shame on McInsane. We've had ENOUGH

[grazzellian]

McCain is insane and senile. Hypocrite McSame McGreedy! He can't remember how many homes he owns, but calls other baracuda aggressive, callous, dishonest investors like him Greedy? He's stuck with the bush economic scripts; the bornfire of the inanities, for 26 years. If he wants to talk about GREED, HE SHOULD REFER TO HIMSELF. Such shameless hypocrisy has turned a has-been hero to a political desperado. Vote Obama-Biden and get ride of this mess of McMess McaPalin. Obama08. We've had ENOUGH!

[mosiebose]

McSame---more lies...he won't do a thing about this economy...And if we are lucky he won't be given the chance to...He will give tax breaks for those with incomes over $250 grand...not to regular Americans...

Earlier McCain said that we Americans have it all in our heads that the economy is tanking...and his buddy advisor graham says we are whiners...Do you really think he will be what our economy needs???This man is out of touch with his lifestyle and $100 million...and lobbyist buddies...

[ecdmuppet]

moisebose, I think you're misrepresenting Sen. McCain's economic policies. First off, Sen. Obama plans to repeal the Bush tax cuts. It's a bad idea to raise taxes in an economic downturn. We already pay the second highest Capital gains taxes in the world. Taking money from "rich people" sounds great on a bumper sticker, but those "rich people" are the ones creating jobs with the money they invest in businesses. Govt's job is to make and enforce good rules, not play the game.

[mosiebose]

I am not misrepresenting...the tax cut that McSame was first against, and then was for only benefits those in the top 2%...while the Obama plan would give a break to the rest of us. Those who have millions would be the ones that would pay the freight...Those at the top get much greater benefits, from nicer neighborhood, better schools, contacts etc.-- that is the way to keep the rest of us down and for the most part it is "Who you know not what you know" that get you things in life.

[grazzellian]

Like Merrill Lynch, sold on the cheap in a hot fire-sale, Lehman Brothers plunging to shameless bankruptcy, AIG is up. America has been devalued by Bush to a humiliating extent, even Venezuela can drive out the US Ambassador in 72hrs. This is the debasement to which the Republicans have dragged this country into. They turned the great American Dream into a Nightmare. McShameless sticks to the old scripts according to the Bush Economics, & the Bush Doctrine. It won't happen! Vote Obama-Biden 08.

[ecdmuppet]

grazzellian, you seem like an intelligent, reasonable guy with a lot of insight into the issues. Why don't you rattle off a few of the bills Obama's written in the senate, or the s his epecifics of his economic platform that will allow smart, honest businesses of all sizes to thrive and prosper while eliminating the pitfalls of overextending volitile markets, like what happened with the housing industry. It would go even farther to help your candidate than ignorantly spewing vile babble.

[whiteaztec]

It's interesting and surprising that McCain should admit that "greed" is what's causing all these problems.

Last time I checked "greed" was the foundation of Capitalism, some would spin it and say "enterprise" is. That of course is debatable.

What's not debatable is that this sort of thing has happened before and will happen again - Guaranteed.

Every now and then the bubble has to burst !

George W Bush also put it very eloquently "Wall Street got drunk and now it has a hangover".Vote Obama

[HMAwill]

Why don't you preach that message to Obama who is a millionaire several times over. Yet he has a brother living in a hut in Kenya? What a huminatarian what a man of the people. Guy's got a brother living in a flipping hut!! making a dollar a month!!! and John McCain is the bad guy.

[mosiebose]

You are not telling the truth...McSame has $100mill+ --7 houses--and is a fountain of lies.

And his running mate has how much???who knows as she still refused to submit the financial disclosure(something to hide?.

Mccain was at the bottom of his class (free education)at the Naval academy and it took his running "mate" 5 different schools to finally get a degree in journalism---We already have a mental midget in the white house---don't need another...

Obama justs paid off his student loans!

[ecdmuppet]

Why do you agree with the Conservative stance that Corporate greed cuased the problem, and it's not the job of government to clean up after Corporate America's roman orgies, then back Obama's view of government beaurocracy running the economy?

Here's the thing. When corporations are greedy like this or dumb, they fail, and the responsible companies pick up the slack. If you federalize everything, there's no checks and balances against either ineptitude or corruption. It'll implode worse!

[xenomenon]

"When corporations are greedy like this or dumb, they fail, and the responsible companies pick up the slack. If you federalize everything, there's no checks and balances against either ineptitude or corruption. It'll implode worse!"

My thoughts exactly!

[ContrastY]

I THOUGHT REPUBLICANS WERE GOOD FOR BUSINESS.

someone put it best on another site I visit: "laws are for the lawless".

the repubs removed regulations that were imposed to prevent this type of financial disaster claiming it would free up business and create more opportunity for growth

well, here is the result.

more unemployment.

we are *******!!

[ecdmuppet]

Conservatives are good for business. Republicans have been too fiscally liberal. That's why the economy is crapping its self right now.

As for the regulations, the entire system of regulations is a Frankenstein's monster of 80 years worth of knee-jerk reactions to whatever happens at the time the law is mangled through the legislature, and it's been going on a lot longer than McCain's been in the Senate. The whole system needs an overhaul, but not by liberals.

[spence111]

Fuck the bankers on wall street and FUCK John McCain!!!

It's time for some real change

Obama/Biden '08 ftw

[OpeningGatesOfHell]

spence111-1st john macain is a idiot there is no lesser of 2 evils they are both government clowns--lick lick lick that change expression was stolen by obamamites from We Are Change Org ,a pretty low thing too do ,shows u how stupid politicians are .

everyone know that.

[Weaseldog2001]

All McCain and Gramm did was to work to repeal all of the Depression Era legislation that prevented this from happening sooner.

What he did is no worse than taking the brakes off of a locomotive. It's not his fault it crashed. He wasn't driving it.

He only ruined the system, he didn't crash it.

[ecdmuppet]

Asserting that a single senator is responsible for something that took years of mismanagement to screw up is intellectually dishonest. McCain's got a really good record of reforming our election system to make sure special interest money doesn't get inserted into the rule-making process in this country. If you get the special interest money out of the system, you can free the lawmakers to make impartial laws, and discourage powerful people from trying to receive undue influence. Honest Debate.

[Weaseldog2001]

There's merit to your argument.

There's not enough room here to name everyone that played a part.

I've paid attention to McCain on the campaign finance reform, there are good and bad elements to that.

The fact that he's breaking the spirit if not the law on that legislation in his own campaign, says some negative things about his character.

I believe that he's suffering from dementia and should be retiring. But perhaps that's why the party wants him in office. This makes him malleable.

[ecdmuppet]

What scares me more than anything is not one side or the other winning. It's one side winning by being intellectually dishonest by smearing the character of the other candidate. If this happens, then we'll just have four more years of everybody trying to win an election, and nobody addressing the issue at hand. Please stop calling Sen. McCain senile. Please stop calling Gov. Palin a bimbo and a religious zealot. Please stop calling Sen. Obama a muslim, and someone talk about the effing issues.

[ecdmuppet]

I can't even find out what Barack Obama specifically wants to do about the economy, other than tax businesses during a recession. McCain's called for a "9/11 commission" style inquiry as to why this banking crisis happened. He wants to complete the reform of the campaign system to finish locking big money out of the elections, and end these "527" groups once and for all, so that the players in the game can't hire the officials that make the rules. He has a record of bipartisanship.

[Weaseldog2001]

But it's clear that McCain is suffering from Alzheimer's.

Every time he's asked about a current event, and he can't remember it, he goes back to his clearest memories of things that happened when he was a young man. As his disease progresses, these stories will will go back to his childhood.

Obama isn't a Muslim. Sarah Palin is not a bimbo, though she loves religious loves wars. She's made that clear in her own words.

[ecdmuppet]

Again, this election cycle is too important to have another smear campaign. We can argue about whether comments taken out of context from Sarah Palin or a church Barack Obama belinged to for 20 years are more "out of the mainstream". I personally think McCain/Palin would win that argument, but that's not the point. You can argue that McCain is senile, and Obama couldn't punch his way through tissue paper thinner than his resume, but it's not going to fix the economy. Get serious or stay home.

[Weaseldog2001]

Maybe you're right. Maybe the mental health of candidates is not important.

I've thought for some time that George Bush's decades of coke and alcohol abuse caused him brain damage, and if true, that's still just name calling, right?

What if next week McCain has a stroke and is in a coma during the election, should that be a factor?

And if you're right, that Palin lied in the past, and those aren't her views, what should I believe?

[Weaseldog2001]

I fervently disagree that a person's character and their health, are not valid issues for discussion, when it comes to the Presidency of the United States of America.

None of the candidates are offering what I believe are valid solutions to issues that I believe are otherwise important. Such as our economic problems, peak oil, food, water, and a sane foreign policy.

[Weaseldog2001]

I feel they are all off the mark on these issues, so all I'm left with is how rabid they are for war. How often they flip flop. Do they have the mental facilities to understand the world from day to day, in a sane and well reasoned manner.

I don't think think I need to stay out of this, just because I believe that corporate America has offered up poor choices in candidates.

[504pro]

what has he been doing about it the last 36 years? He has been part of it! Your Capitalistic system is coming to an end. The system is failing because of years of greed and corruption involving our senators, congressman and the corporations. Keep supporting these rich fat white people who do not give a shit about you! Let's see what it feels like to have no money to buy food or gas. Let's see how it feels when it all crashes!

[ecdmuppet]

Look, man, I feel bad for whatever hurt you so bad that you want to see the whole country go down in flames, but let's look at this without all the bomb-throwing, shall we?

You're right that the system is screwed up. It's like playing basketball where the players get to hire their own referees and commissioners to argue over the rules.

It needs to stop, but before you blame Capitalism, or McCain, remember who's been the biggest proponent of reform in the senate, especially with campaigns.

[ecdmuppet]

As for Capitalism, the thing to realize is that Capitalism, when PROPERLY REGULATED, is the most efficient system at allocating SCARCE RESOURCES. I highlight those two points, not to yell, but to emphasize. First, for ANYTHING to work, it has to be properly regulated by people above manipulation from special interests. Also, federalizing the economy will not eliminate scarcity. There will still be a finite amount of good doctors, teachers, goods and services. Not everyone can have everything.

[turtleblues66]

so what did mccain do for the past 25 years to curb this greed - nothing!!! we can' afford 4 more years of republican neglect

OBAMA/BIDEN 08 - THE CHANGE WE NEED

[ecdmuppet]

If you actually look at the voting records instead of misrepresenting McCain based on the misinformation spread around by the Kool-Aid drinkers, you'd see that he has a PROVEN record of bipartisan reform. For the love of all that's holy, where is the "post-Partisan" discussion of the issues without smear tactics that Obama promised the people of this country? If he'd just stuck to that, he could have lost with dignity when McCain proved his ideas were better. Now he has to go down in flames.

[ecdmuppet]

As for the issue its self, Liberal change is NOT the change we need. Government programs like social security and the school system are in worse shape than the banking industry right now.

What's worse, is while the private sector will recover from this housing bubble popping on its own, the federal programs will ride all the way to the bottom because politicians that offer stupid ideas won't address a failing enterprise out of fear that they'll lose an election if they're proven wrong.

[ContrastY]

puppet, I welcome a discourse about the challenges our country is facing.

I'm very concerned our country is going up in smoke.

But I must say that you are not serving your fellow citizens well with your campaign of misinformation.

Don't you understand that there is no "them vs us" and that we are all in this together?

Stop lying and stop spying on your fellow citizens.

This country is in serious trouble, we need solutions for our problems not rhetoric.

[ecdmuppet]

The stuff going on in housing right now is a market correction, not "going up in smoke". 5% off the stock market sucks when people get caught up in it, but the problem was that these banks extended credit to people who had no means of honoring their debt. That was the banks' bad for risky lending, and it was the homebuyers' bad for not knowing enough about creedit in general.

[ecdmuppet]

I argue that the remedy for this problem is not some massive government program that will continue to run no matter how inefficient and worthless it is (which is MOST government programs). The solution is the fact that these greedy, risk-taking banks are folding, the good banks are surviving. Government can help by promoting education about economics so that normal people don't get ripped off, but other than that, they can't stop people from being greedy, and shouldn't stop them from failing.

[ContrastY]

There is another problem you aren't considering and will never address in your comments.

The issue of unemployment.

Quote me no stats.

Just tell me how many people you know personally who are unemployed, underemployed and struggling to keep their bills paid.

Market correction or not, people cant find work and cant keep ahead of the bills coming in.

Maybe you think this is a good thing, I dont, buddy.

[ecdmuppet]

You're misrepresenting me again. I don't think it's good. I just don't think it's the job of the federal government to make ensure employment when a well-regulated, honestly run corporate economy is more efficient at creating jobs. You and I agree that the regulations are messed up. I'm just intellectually honest enough not to blame my political opponents for all the problems. NOBODY has fixed the problem, and you can't blame it all on one person, especially McCain, who has a record of reform.

[ecdmuppet]

And for the record, I know one person who's unemployed, and he's a friend of mine, but he's unemployed because he lives with his parents, and hasn't actively looked for a job for years. The rest of my friends are college students studying science and engineering, busting their asses to make a better life for themselves, and I think I speak for at least most of my friends when I say that we're not going to wait for the government to ensure our happiness. We're going to ensure it ourselves.

[turtleblues66]

lots of little republican trolls on youtube...

[ecdmuppet]

Lots of liberals that're long on problems and short on solutions on youtube. I want to see an honest discussion about the actual problems that face this country, and their solutions. I'm extremely dissatisfied with the level of discourse in the public arena, and I'm going to continue pressing the issue of "the issues" until they get discussed in an adult fashion. Either participate in the debate, and offer your valid and productive opinions, as I do, or go play so the grown-ups can talk.

[ContrastY]

Youve offered no solutions in your comments.

You offered the Repub party line which does not serve your fellow citizens well.

We are in a time of crisis and do not deserve to be lied and deceive too anymore.

Your one friend who is out of work because he is unmotivated is an example of how you are twisting this conversation to suit your agenda.

I know several people personally who are educated, motivated and experienced professionals who have been out of work for months.

No relief in sight

[ecdmuppet]

The solution is to promote education about economics, so that people don't go into financial agreements they can't afford. People need to know how crappy adjustable rates are for credit they take out. Government doesn't have to overregulate the companies because the market already regulates them. If they make risky decisions and they're wrong, they lose all their money, and go bankrupt. Boom. They're out of business, and that's one less company for the good businesses to compete against.

[ecdmuppet]

That's not to say that there should be no oversight whatsoever, it's just that the free market does a lot better job of rewarding the good guys and punishing the bad guys, overall. Government can help out by outlawing the "golden parachutes" for CEO's that screw up, and make sure that the captains that screw up go down with the ship, but don't think that government making all the decisions will turn out better than the business owners whose job it is to make their companies succeed.

[ecdmuppet]

Also, why do you think the government should find them a job, and how, exactly, do you propose the government can do that?

[gungagin]

Spoken like a man with 7 houses...

[monkeypeopleofearth]

yeah no shit, and a wife worth millions!

[ecdmuppet]

Spoken like someone who thinks the American Dream is to live in a duplex and share a yard..

[WimmyRoad]

dont forget his million dollar car park.

[darthsketch]

Democrats = tax and spend

Republicans = borrow and spend

We're screwed either way.

[ecdmuppet]

Liberals = Tax and Spend

Conservatives = tax less, spend less.

But you're right about Republicans. That's why I'm voting for a Conservative that's been bucking the entire Republican party for 20 years. If the republicans had been smart enough to nominate him 8 years ago, the War on Terror would have been over by now, and the economy wouldn't be in the shitter. McCain is an established reformer, and "McSame" is as intellectually dishonest as calling Obama a Muslim, so cut it out already.

[mosiebose]

McSame is what he is. He will follow the SAME policies and Bush...wanted the war...say even if it takes 100 years! and give to the rich!

Obama is not and never was a Muslim...

So your comparison is odeous--intellectualy dishonest. You're comparing apples and oranges.

What is Dishonest is BUSh and MCCain(MCSame!) and it would be a mistake to call it "intellectually" as neither is intellectual and got where they are with their $ and Parentage...

Obama worked for anything he got!

[spence111]

but who are the republicans borrowing the money from? think about that. At least with the democrats you know that they owe it back to you in some way...

[ecdmuppet]

I'd rather neither group take all my money to blow on their campaign contributors. If the Republicans would get with McCain, and return to fiscally conservative values of small government, then we could have enough of the right regulations to keep the economy fair and stable, while not being stifling.