McCain Financial Crisis Flip Flops - ABC News on

[XxBubbleButxX]

no leas lo q sigue porq a mi ya me jugaron sta, losiento pro s d corazon no lo leas,

el 13 de octubre de 1991 un niño lamado nick se tiro de un puente devido a problemas familiares

si ya leiste esto deves copiar y pegar

en otros 5 videos mas o si no

nick vendra por toda tu familia

si lla los as leido copia y pega esto en 5 videos mas o tu madre morirá en 3 dias, hacedlo por fabor mi a mi amigo le paso, yo lo e hecho pa que no me pase, por fabor acedme caso. esto es una maldicioooooon

[vincentlafew]

Does every one have amnesia? The last democratic president was as far right as the rest. I understand how horrible these last eight years have been but with uncritical backing of President Obama, he has no reason to go against powerful lobby interests.

[wodanowitz]

McCain:

I will do every thing you wish, till I got president. (Then I do what I want)

[ironsheik008]

cbs breaking news corpse of vampire found in texas funeral home.

/watch?v=H7GnVJ4hcBk

[borlocomix]

damn you!!! that was the first time ever i got rick rolled!!!!!

good one :p

[aaronbroadcast2008]

To have a better understanding of what caused the financial crisis and how we can remedy it please read a post titled "Why is the United States undergoing a political and Financial Crisis?" and watch the third video down labeled "The Money Masters" at:

The Art Dept Chronicles at blogspot.

[bugsybeetle10]

You are all idiots if you think these clips are correctly showing his position. Charlie is telling you partial truths with partial clips to reinforce his distortion. He is against bigger government and is for deregulation in many areas. Senator McCain was against the high risk mortgages that the democrats forced on the mortgage companies to take. It dates back to President Carter. The democrats are the ones that caused the financial crisis we are in. Learn your facts morons.

[HillaryfansforBarack]

No Way, No How, No McSame!

[wodanowitz]

Old fucked up retarded crazy McCain!

Go and fuck fucking Palin!

Fuck the republicans!

[SnowmanShadow]

thats what im talking about!!!!!

[atmanman]

SEIZE CRIMINAL CAPITALISTS' ASSETS

[corbaman]

Lol, I have to admit I was a huge fan of McCain. He's a great man. But a strongly disagree with his position to support continuing the Iraq war indefinitely. Bring the troops home!

We've already killed more than a million Iraq's and funneled over a trillion dollars out of the tax payers towards companies like Halliburton.

Time for it to stop!

[owchywawa]

The problem is that neither of the presidents will bring the troop home any time soon.

[1jazzsinga]

McChicken is a flip floppin liar!

[jrdanks]

I was republican but Im voting for OBAMA now I see the light. McCAin has told too many lies and pulled too many stunts. He is a liar!!

[JAILillegalEMPLOYERS]

Thank you, thank you, thank you... tell your friends!

[Silberdachs]

McCain is a disgrace

[nestorysusamigos]

Bush fail Us!

[ksamsel01]

Of course he's flip flopping. Him and Phil Gramm masterminded the deregulation schemes that got us into this mess. This gut's a disgrace.

[moosenstine]

KinGeorge's policies, Corporate Whoredom,

have ruined this country. McCain=BUSH III.

Good Job KinGeorge/MISSION ACCOMPLISHED.

[RBHT42]

The media cant cover this up, no matter how much they want Obama... The Dems including Obama created this mess in the first place... Want proof, go to Bloomberg and search How the Democrats Created the Financial Crisis. or search for aSKSoiNbnQY0 on Bloomberg.

[HillaryfansforBarack]

What a terrible man!

[kryminalll]

It's a conversion of convenience all sensible people will say and they will refuse to buy into the theories of this blind Mav-o-wreck

This Country isn't your next aircraft

Obama/Biden 08

[perpetuallygrateful]

Also, the article by Kevin Hassett in Bloomberg noted that,

"Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000. "

[perpetuallygrateful]

google:

Fanny Mae Freddie mac 2005 S.190

S.190 was a bill in 2005 which would've regulated Fannie Mae & Freddie Mac & prevented this financial meltdown.

However, according to Bloomberg . com

"the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter."

S.190 was cosponsored by McCain.

[adv2k1]

2005 don't you know history. Republicans controlled House, and Senate so Democrats were in MINORITY and if they really wanted to pass it they could have. So you just proved that Republicans are a failure with government.

I googled that and all the returns are right wing blogs so i call bullshit unless you can give out a speech by McCain warning and evidence of what happened to the bill.

[perpetuallygrateful]

adv2k1:

You asked for a speech by McCain in 2005 warning. Google these words:

FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005 The United States Senate May 25, 2006 Section 16

then click on the GovTrack link (it should be the first one)

or type in the following link without all the spaces:

h t t p : / / w w w . govtrack . us / congress / record . xpd ? id = 109 - s20060525 - 16 & bill = s109 - 190

[perpetuallygrateful]

srry not 2005,but 2006,McCain said:

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation.

[perpetuallygrateful]

So you see, McCain was one of those who tried to reform the regulations on Fannie Mae and Freddie Mac. And don't say our financial crisis isn't Fannie and Freddie's fault. Alan Greenspan said in 2005 that if Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,''

[perpetuallygrateful]

continued from last comment: Greenspan said in 2005. ``We are placing the total financial system of the future at a substantial risk.''

The fact is that McCain fought for reform of Fannie Mae and Freddie Mac. If these reforms passed, we would not be in as big a mess as we are in now.

[adv2k1]

So John McCain FAILED to get this done.

His own political party in control and YET he COULD NOT GET IT DONE as a Senator.

Incompetence shouldn't be rewarded with a Promotion.

If he couldn't get things done before, this just proves he is NOT worthy of being President.

Remember 1999 when he voted FOR the deregulation that helped ruined the economy, why didn't he have the foresight, and judgement to NOT vote for that 1999 Bill that helped CAUSE this nightmare.

[niemanickurwa]

lol except republicans were in the majority in 2005. Idiots like are really, actually, going to try and turn around and say, that it's in fact republicans that wanted more regulation and it's somehow democrats fault.

Fuck me lol

[bennettonix]

what a muppet (moronic puppet)

[EricMetalGuitarist]

"Mcinsane has 31 CARS, 15 houses,4 tanks,12 bikes, 8 cats, 19 dogs, 1 SNOB and 3 "wifes" .. he' s really out of touch."

Correction: 13 cars (some foreign) and 7 homes (each worth millions of dollars), but still...that is bad! His wife is loaded!

[ninjanyc]

McCain is a leader of the last century - before the internet, before blackberry, pro free-for-all deregulations that corporate america so advocated. he's not a bad person but he's just not a leader for the future. More importantly not a leader you'd want in a crisis (my head spinned just listening to his angry scapegoating and barking for just in time populist gimmick)

[SkinsDeep]

Agreed, I liked him when he was working against lobbyists and huge bills so large nobody could possibly read them before voting. What happened to that guy of 10 years ago?

McCain admits in his book that in 2000 he ran for personal ego rather than patriotism, guess that's the only consistency he has had for 10 years.

[Michthemitch]

Mcinsane has 31 CARS, 15 houses,4 tanks,12 bikes, 8 cats, 19 dogs, 1 SNOB and 3 "wifes" .. he' s really out of touch.

[Jeffrizzel]

Good business welcomes regulation.

[utimateattorney]

700,000,000,000....God u Americans r stupid.

[Jizuschrist]

Why has the U.S goverment going after iraq and Iran?? I thought the goal was to get Bin laden?!! When did the leaders decide that the monsters behind 9/11 and numerous other heinous acts take a back seat to Iran??

[christoJihad2]

This guy has been wrong on many of the most important subjects and events happening in and to our country right now. From Iraq to deregulation he's been wrong. We could have spent the nearly one trillion dollars we've spent in Iraq in our country. He's been a champion of deregulation on Wall Street from the time he's been in the Senate, and his chief economic adviser, Phil Gramm, wrote the laws that let this happen. Now he's telling us how he's going to clean up Wall Street is a joke. So is he.

[sandarge]

I am not a Democrat, but it scares me to vote for McCain, I don't think he is smart enough to lead the country in this tough time.

[StraightShooter01]

Flavor of the month: John McCain -

my God America - if you vote McCain into office, after EVERYTHING these Republicans have done to YOU and the REST of America -

YOU DESERVE EVERYTHING YOU GET!

[2handsclapping]

Regulations are like traffic laws, they get us home safely.

McCain is NASCAR Economics, drive where you want as fast as you like, hostile takeovers, road rage and no money to repair the roads!!!

[Pariah2001]

Exactly. McCain & Arlen Specter have been the biggest proponents of de-regulation of the banking/lending industry. NOW these conservatives see what happens when you let lenders make profit without rules/restrictions. Its taken the government to basically nationalize these banks to keep the system from going under. You clowns still think capitalism is the end-all-be-all of economic systems? The greed factor of making a buck will force capitalism to collapse in on itself 1 day. LMBAO!

[EVariation]

too many flip flops. he should stick to his free market ideals.

[CTM1978]

McCain is such a piece of shit. This fucker's been pushing for De-regulation for decades and NOW he's for regulation once it's blown up in his face. What a fucking slimy cocsucker.

[jrjustreal]

YESSiR McCain was dead WRONG no wonder he suddenly changed from a deregulator to a regulator. This is one more reason why we should vote for Barack Obama '08

[tilletcanada]

To put it mildly, what an idiot, McCain is just plain stupid maybe worst than Bush but the jury is out on that.

[offroadfreak720]

Obama is a dirty haji

[CruzDeEisen]

& your mama is a toothless hillbilly, now go back to sucking balls for your next meal, because the Republicans just spent your trailer park welfare check, yahoo.

[moccosinbite]

"I'm John Mc Cain, and I support this message. Both of them."

[CruzDeEisen]

LMAO! Exactly what this senile old GOP cocksucker sounds like!

[beckpod1]

Has anyone noticed how John McCain's eyes see more of the prompter than the eyes of the public?

I'm talking today(09-19-08). Things are happening fast..and either you know what you are talking about..or you have to read it! Obama doesn't seem to have that problem..he is sharp and well schooled!

McCain can't keep his eyes away for more than 3 words!!!If the prompter should break down..he would probably start talking about how being a POW will help him lead us through this crisis.

John McTurd!!

[CTM1978]

I noticed that too. He can't speak for more then three seconds without looking at cards or the teleprompter.

[PhotonDrive]

No mention of Halburton no-bid contracts (including Ike's FEMA ready-made meals), disappeared funds, or those of the Pentagon? No, instead a THREAT to MILITARIZE Wall-Street - as "financial terrorists"!!! One step at a time McCIAn, first outlaw "shorty's" - those TRAITORS who bet AGAINST THE CAPITALIST SYSTEM by thinking a stock might FALL in value! The new "for US or ag'in US" measure: WORLD UNIT AGAINST THIS FASCIST CONSPIRACY OF DOOM!!

[jnycnuk]

mccain flip flops so often nobody knows what he stands for.

[whitespideralex]

why those ploticians feel so comfortable and natural lying in front of all the people? Do they know what shame is?

[paulp1021]

I guess it refers back to the old Hitlerian proverb. And it goes along these lines. And please forgive me if the quote is not in it's exact words. "Lie to the people a million times, eventually, they'll believe them." The problem w/ McCain's lies is this. He says something that's not true, the American corporate media won't publicly refute any of his lies. The lies sticks & goes unchallenged, and Americans buys into the lies without them even researching the particular topics he lied about.

[gloomyrival]

Welcome to the systematic raping of America by corporations and slimy politicians like McCain. I wish I could go to the casino and blow all my money and have the government give it all back to me the next day.

[ksamsel01]

If you've voted Republican any time in the last 30 years, you've voted for deregulation. It doesn't feel so good now does it? The funny thing is, Republicans say let the free markets work. Well unless the free markets fail from greedy CEO's and corporate criminal executives.

[doglover93456]

A Vote For OBAMA Is A Vote For OSAMA !!!!!

[kingrexrex666]

ur an idiot...got back to alaska with whatever is left of your repungnent party....its over...go home....

[infinit888]

He has actually proposed to increase troop levels in Afghanistan in order to get Osama but don't get yourself confused with facts.

[kong19hong]

It doesnt get any clearer than that!!!

[OldguytiredoftheBS]

Has anyone seen "President Chaney" or his

side kick lately?

GOD SAVE US FROM THE GOP!

[mopareddie]

Can you really place this man in the White House??

If you do, you must be the worlds stupid person; next to President Bush!!!

[yemail5555]

Free market without government regulation is just economic anarchy. We already know the result in 1930s and someone want to repeat it again? Use some common sense. Shame on those politions and "economists" who sold their souls to big moneys.

[luke666808g]

the federal reserve CAUSED the great depression... The very same regulators offering up the solution and the ones that created the problem in the first place.

[mrburningone]

If you make above $250,000 a year and can afford to have your insurance, pensions, investments and securities take a 50% cut, then go right ahead and vote for McCain, but if you're like millions of other americans, then take a hard look at McCain's former financial adviser, Phil Gramm, and Gramm-Leach-Bliley Act of 1999 as well as Commodity Futures Modernization Act of 2000.

Thanks to these two pieces of legistlation, we are in a downward spiral of the market we might not recover from.

[Desnoxvu]

oh noez!!! McCain flip flopping.. breaking news.. lol...

[ezsharedock]

"Part Two: Abandoning Everything He'd Always Stood For 2006-Present" -- Daily Show; Reformed Maverick

[talktal]

haha you have to be an idiot to believe a word that comes out of his mouth now. he has become the typical "bush" republican

[HarleyJane18]

Flip-Flop

[beckpod1]

There should some videos on how stupid the McCain/Palin follwers are!

Same them into useing their minds for once.

Sound bites can be bad for your mental health!

Plus most of them can't even spell!!!

I bet Mccain can't spell very well..he has a hard time reading!

I've heard third-graders read better!

[dirckson]

McCain...what A COMPLETE MORON !!! Lies, lies amd more lies.

[whiteypowers]

mrhappy01 (4 hours ago) Show Hide

Last I checked, Congress (who, by the way, holds the purse strings and the power of legislation) is dominated by the Democratic Party. Do you even know how our government works?

Will somebody please throw this guy a clue?

[Jonisdaman]

and they say Barrack Obama will say anything to win. Republicans are the biggest projectors.

[augana]

They should use this info to make an ad!

[ianyoutub]

Absolutely. McCain is a lying, flip flopping opportunist - nothing more.

[writemrbond]

How could anyone want this senile simple-minded man to lead our country? McPain and Failin are the biggest joke to ever run for president. He changes his tune every day. Every time Obama comes up with a plan, he copies it! They are just one lie after another. Any real patriot will vote for Obama, a brilliant man who can actually find solutions to our problems and lead us to a better future.

[ianyoutub]

Amen

[PorkyPants]

p.s. Mr. Happy. How can one vote independent? Maybe you can vote for the American Independent Party in some states, or you can vote for Ralph Nader who's running as an independent and you can register as an independent, but all that means is that you cannot vote in the two old party primaries.

I believe you meant, "Think Independent and vote accordingly."

[trpsoxc]

Change in tune to try and get elected

[PorkyPants]

Mr. Happy. The Democrats do not have a voting majority in congress. Do you have any idea how government works?

[lddee]

John Mccain is always confused...he needs to sit down and rest...Who is running for president him or sarah...seems like she is speaking more then him

[truesttest]

In much the same way that the war in Iraq was ill-advised, the deregulation of the financial services industry was also ill-advised. The Republicans have morally and financially bankrupted this country and McCain and his rich-bitch wife and all their well to do friends should kneel and fucking beg their fellow countrymen for forgiveness. McCain fooled around on his first wife, Carol, with several other women including his current wife, Cindy. He's no hero of mine. He's a fucking fool.

[mrhappy01]

you lose all credibility when you try and lay all of the countries problems on a single party or, as most, Bush. The fact is ALL our representatives have failed us. Wake up and smell the corruption in the democratic party!

Vote Independent!!

[shaktimandan]

The Republicans created this mess and are utter incapable of taking responsibility for this utter crisis. McCain's claim that he is going to clean up Wall Street and increase regulation is beyond outrageous, its simply lies and unfortunately some morons will believe it.

[mrhappy01]

Last I checked, Congress (who, by the way, holds the purse strings and the power of legislation) is dominated by the Democratic Party. Do you even know how our government works?

[ihfek]

That's true, but they've also faced down 77 successful Republican filibusters in those two years and have been hit with several presidential vetoes--Bush's only vetoes in his entire eight years in office. More importantly, Obama tried to introduce legislation to deal with the impending mortgage crisis two years ago. I agree that we can't completely blame one party, but the outdated Republican ideology is definitely causing a lot of the problems here. Time for a change.

[shaktimandan]

Ah another Wingnut buffoon eh? If you had not realised the Democrats DO NOT dominate Congress or the Senate, they have a razor thin majority and have no ability to push through any changes in face of Republican resistence. No doubt you'll vote for 4 more years of corruption and utter incompetence under Republican rule.

You are one of those ideology > country morons aren't u?

[TMack771]

Mccain is so out of touch...the original movies are always better than the sequels...this guy is another bush but worse.

[vincevl]

Its good to see the Daily show's technique being used in the news;)

[mattbstl30]

He is just an idiot. that's all that can be said.

[daddiokng]

McCain == Bush++

[TtownPunkDiva]

So out of touch, old and clueless!

[DennyMclain2008]

the economy is collapsing right now due to the fed and fannie mae's easy loans. cdo's are why the investment houses are all failing. guess who was the second highest recipient of fannie donations? barky barky barky!!!

[MKSinSA]

Phil Gramm - wrote McCain's economic plan.

Phil Gramm - wrote legislation with the help of financial industry lobbyists that essentially removed newfangled financial products called swaps from any regulation.

(NOTE: Credit default swaps are at the heart of the subprime meltdown because they have enabled large financial institutions to turn risky loans into risky securities that could be packaged and sold to other institutions.)

[hallo717]

McCain Sucks & Big Time (Pitbull Lipshit Mom included)

[BlankBoy00]

McCain is finished ... hopefully!

[Plutonwolf]

Wow, I'll bet the Republicans are wishing to Satan (their true God) that they never coined the political phrase "Flip Flopper" right about now. Having the arch villains diabolical scheme back fire on him was always a fun moment for me as a child at the movies, it's even more fun as an adult.

[SoINeedAName48]

HE

DOESN'T

HAVE

A

CLUE

After 8 years of suffering the wounds inflicted on our country by Dumbya, what rational citizen would even consider voting for this imbecile?

And don't get me started on that ditz Palin ...

[Neonbob]

This Dude has no idea and just makes shit up and goes with the flow.Then it comes back an attacks himself. Does this man still have his mind in order???

[sasha031]

Mccain is always running against Mccain. Wake up America.

[oxyquen]

john mccocksmoker is a motherfucker who needs to wipe of bushs jizz

[beanchar]

"A Conversion of Convenience" should be McInsane's new slogan!

[masterhook]

This is in remembrance of the campaign of john McCain. Lets remember the good times, like the celebrity ads, the lies about sex ed and pigs and who could for get "Boom Boom Boom on Iran". Good times, Good times. but sadly its over

[HartsvilleDemocrat]

That one's going to leave a big ol' bruise on McCain. Two things are obvious: McCain's a loyal Republican deregulator, and he's lying through his teeth right now. Neither of those are popular stances right now.

McToast.

[voyeurdug]

ABC News points out what IS... rather than trying to create controversy. The change is refreshing.