John McCain: I was misled on bank bailout

[FrankRep]

:rolleyes: Damage Control.


John McCain: I was misled on bank bailout (http://www.azcentral.com/news/election/azelections/articles/2010/02/22/20100222mccain-tarp0222.html)


AZ Central
Feb. 22, 2010


Under growing pressure from conservatives and "tea party" activists, Sen. John McCain of Arizona is having to defend his record of supporting the government's massive bailout of the financial system.

In response to criticism from opponents seeking to defeat him in the Aug. 24 Republican primary, the four-term senator says he was misled by then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. McCain said the pair assured him that the $700 billion Troubled Asset Relief Program would focus on what was seen as the cause of the financial crisis, the housing meltdown.

"Obviously, that didn't happen," McCain said in a meeting Thursday with The Republic's Editorial Board, recounting his decision-making during the critical initial days of the fiscal crisis. "They decided to stabilize the Wall Street institutions, bail out (insurance giant) AIG, bail out Chrysler, bail out General Motors. . . . What they figured was that if they stabilized Wall Street - I guess it was trickle-down economics - that therefore Main Street would be fine."

Nearly 15 months later, commercial lenders still are in shaky condition and the commercial real-estate industry is in trouble, he said. On Friday, President Barack Obama announced $1.5 billion in funding for new measures to help Arizona and four other states hit hard by the tanked housing market and by joblessness.

But McCain stopped short of calling the TARP a mistake.

"Something had to be done because the world's financial system was on the verge of collapse," he said. "Any economist, liberal or conservative, would agree with that. The action they took, I don't agree with."

Republican Senate primary challenger J.D. Hayworth is using the TARP vote as a bludgeon against McCain's reputation as a fiscal hawk. Tea partyers point to it as the start of a new explosion of federal spending that has continued into the Obama administration.

Paulson, President George W. Bush's Treasury secretary from 2006 to 2009, also is dishing out criticism of McCain, who on Sept. 24, 2008, temporarily suspended his ultimately unsuccessful presidential campaign to go to Capitol Hill to confront the economic crisis.

In his new book "On the Brink: Inside the Race to Stop the Collapse of the Global Financial System," Paulson belittles McCain's contribution to the response, noting that "when it came right down to it, (McCain) had little to say in the forum he himself had called." He also called McCain's decision to return to Washington, apparently without a plan, "impulsive and risky" and even "dangerous."

McCain said Bush called him in off the campaign trail, saying a worldwide economic catastrophe was imminent and that he needed his help. "I don't know of any American, when the president of the United States calls you and tells you something like that, who wouldn't respond," McCain said. "And I came back and tried to sit down and work with Republicans and say, 'What can we do?' "

McCain last month voted against confirming Bernanke for a second term as Fed chairman, saying he should be held responsible for his contribution to the meltdown. Bernanke still won easy Senate approval.


SOURCE:
http://www.azcentral.com/news/election/azelections/articles/2010/02/22/20100222mccain-tarp0222.html

[Isaac Bickerstaff]

We don't want gullible senators either.

[purplechoe]

apparently so was Glenn...

YouTube - Caller Angus Calls Out Glenn Beck On His BailOut Hypocrisy (http://www.youtube.com/watch?v=Pr8EPYcLmvQ)

[low preference guy]

We don't want gullible senators either.

I was just gonna post that, with the exact word "gullible". Good observation.

But he wouldn't be deceived if he read the bill carefully. Did he not read the bill? Is his staff incompetent to not be able to interpret it? What does hiring incompetent staff show about his judgment?

[cpike]

You were misled? Well perhaps we should look for a leader instead of someone just following Bush.

[squarepusher]

is this guy wet behind the ears?

[Rael]

Misled? Didn't you READ THE FUCKING BILL before you voted on it?

Oh that's right, you didn't.

[Rael]

You know, politicians should be required to sign a form under penalty of perjury when voting on a bill that says "I have read and understand what I am voting on".

It might not make them actually read it but at least they wont be able to whine about it after the fact.

[Ricky201]

Lol...whatever McCain.

Anyone have the list of banks that gave him money during the campaign?

[RideTheDirt]

You know, politicians should be required to sign a form under penalty of perjury when voting on a bill that says "I have read and understand what I am voting on".

It might not make them actually read it but at least they wont be able to whine about it after the fact.
good idea! That outta stop those fuckers.

[invisible]

Gee, was this the same john mccain who was claiming to be an economic expert and knew exactly how to fix the economy (after first denying that a problem existed) during the debates in late 2007?

[purplechoe]

http://letustalk.files.wordpress.com/2008/10/john-mccain-confused.jpg

http://2.bp.blogspot.com/_NUZ_fM-TQKQ/SQATH0UsAaI/AAAAAAAAIFw/koRXtio-cLM/s400/john_mccain_doesnt_know.jpg

http://online.wsj.com/media/mccain_auto_ssh_20080627143250.jpg

[Fr3shjive]

THATS WHY YOU DONT HAND OUT 700 BILLION DOLLARS WITH OUT ANY STRINGS ATTACHED JOHN!!

I freaking hate two faced politicians.

[johngr]

YouTube - Swaggart (http://www.youtube.com/watch?v=czk3KqThfVE)

Big difference: Swaggart screwed at the most 10 or 12 people.

[BlackTerrel]

We don't want gullible senators either.

Was about to say the same. Being stupid is no defense.

I actually don't have a problem with John McCain. I find him to be an honorable man, he served his country, and strikes me as an all around good guy. I know those makes me an even smaller minority here.

All that said he does not strike me as a guy who is fit to run the country. He strikes me as old and out of touch. This just proves it again.

I know Ron Paul is old too, but Paul is still as sharp as ever.

[jmdrake]

Was about to say the same. Being stupid is no defense.

I actually don't have a problem with John McCain. I find him to be an honorable man, he served his country, and strikes me as an all around good guy. I know those makes me an even smaller minority here.

All that said he does not strike me as a guy who is fit to run the country. He strikes me as old and out of touch. This just proves it again.

I know Ron Paul is old too, but Paul is still as sharp as ever.

I just want to help John McCain retire so he can spend more time with his family. :D

[jmdrake]

YouTube - Swaggart (http://www.youtube.com/watch?v=czk3KqThfVE)

Big difference: Swaggart screwed at the most 10 or 12 people.

Thread winner! I heard a talk show host who supported McCain during the election ream him over this yesterday. He finally said what I've been saying all along. When McCain suspended his campaign and then voted for the bailout he screwed his own chances to get elected. Folks need to quit blaming the voters for electing Obama and blame the RINO candidate that didn't over a clear choice.

[Working Poor]

I am just glad Ron knew the deal why did McCain not listen to Ron Paul?

[pacelli]

My friendsh, I schtill don't read the billsh.

[brandon]

lmao remember when he "stopped his campaign" to go vote for this?

[pacelli]

lmao remember when he "stopped his campaign" to go vote for this?

hahahaha who can forget!!!

YouTube - A Statesman: John McCain Suspends Campaign (http://www.youtube.com/watch?v=9hBRR7xkFcw)

[Travlyr]

hahahaha who can forget!!!

YouTube - A Statesman: John McCain Suspends Campaign (http://www.youtube.com/watch?v=9hBRR7xkFcw)

"And now I take time to support my sponsors."

[catdd]

There's lots of people in prison that were mislead too, but they are not excused.
You threw the dice and came up a loser McCain, now live with it.

[FrankRep]

In an interview last week at the John Birch Society booth at CPAC, former Arizona Congressman J.D. Hayworth explains why he is running against John McCain for U.S. Senate. By Joe Wolverton, II


The New American Interviews John McCain Challenger J.D. Hayworth (http://www.thenewamerican.com/index.php/usnews/politics/2998-interviewing-mccain-challenger-jd-hayworth)


Joe Wolverton, II | The New American (http://www.thenewamerican.com/)
22 February 2010


http://www.thenewamerican.com/index.php/usnews/politics/2998-interviewing-mccain-challenger-jd-hayworth

[johngr]

Thread winner! I heard a talk show host who supported McCain during the election ream him over this yesterday. He finally said what I've been saying all along. When McCain suspended his campaign and then voted for the bailout he screwed his own chances to get elected. Folks need to quit blaming the voters for electing Obama and blame the RINO candidate that didn't over a clear choice.

Politics are ever-changing. No such thing as a RINO.


Alan Stang
February 1, 2008
NewsWithViews.com

Republican Party, Red From the Start

Many patriots these days lament that the Republican Party has “lost its way” and “gone wrong.” It has “diverged” from the fiscally responsible, small government philosophy of Republican heroes like Robert Taft whom Eisenhower’s handlers finagled out of the nomination for President in 1952. We are told that is why today’s Republican Establishment hates Dr. Ron Paul with such a passion; that they hate him because, like Taft, he is the quintessential Republican. Patriots who say that are mistaken, of course. The reason the Republican Establishment hates Dr. Paul is precisely that he is not a traditional, mainstream Republican, that his platform of freedom is an aberration. The Republican Party didn’t “go wrong,” didn’t “go left.”

It has been wrong from the beginning, from the day it was founded. From the beginning, the Republican Party has worked without deviation for bigger, more imperial government, for higher taxes, for more wars, for more totalitarianism. From the beginning, the Republican Party has been Red.

Why? In 1848, Communists rose in revolution across Europe, united by a document prepared for the purpose, entitled Manifesto of the Communist Party. Its author was a degenerate parasite named Karl Marx, whom a small gang of wealthy Communists – the League of Just Men – hired for the purpose. The Manifesto told its adherents and its victims what the Communists would do.

But the Revolution of 1848 failed. The perpetrators escaped, just ahead of the police. And they went, of course, to the united States. In 1856, the Republican Party ran its first candidate for President. By that time, these Communists from Europe had thoroughly infiltrated this country, especially the North. Many became high ranking officers in the Union Army and top government officials.

Down through the decades, Americans have wondered about Yankee brutality in that war. Lee invaded the North, but that sublime Christian hero forbade any forays against civilians. Military genius Stonewall Jackson stood like a stone wall and routed the Yankees at Manassas, but when Barbara Frietchie insisted on flying the Yankee flag in Frederick, Maryland, rather than the Stars and Bars, that sublime Christian hero commanded, according to John Greenleaf Whittier, “‘Who touches a hair of yon gray head/Dies like a dog! March on!’ he said.”

But the Yankees, invading the South, were monsters, killing, raping and destroying civilian property. In one Georgia town, some 400 women were penned in the town square in the July heat for almost a week without access to female facilities. It got worse when the Yankee slime got into the liquor. Some two thousand Southern women and children were shipped north to labor as slaves. Didn’t you learn that in school?

Sherman’s scorched earth March to the Sea was a horror the later Nazis could not equal. Why? Because the Yankees hated Negro slavery so much? There can be no doubt that the already strong Communist influence in the North, combined with that of the maniacal abolitionists, was at least one of the main reasons. Slavery was a tardy excuse, an afterthought they introduced to gain propaganda traction.

In retrospect, it appears that because nothing like this had ever happened here, Lee and Jackson did not fully comprehend what they were fighting. Had this really been a “Civil” War, rather than a secession, they would and could easily have seized Washington after Manassas and hanged our first Communist President and the other war criminals. Instead they went home, in the mistaken belief that the defeated Yankees would leave them alone. Lee did come to understand – too late. He said after the war that had he known at the beginning what he had since found out, he would have fought to the last man.

What was the South fighting? Alexander Hamilton was the nation’s first big government politician. Hamilton wanted a strong central government and a national bank. Vice President Aaron Burr killed Hamilton in a duel. The problem was that Burr didn’t kill him soon enough. Henry Clay inherited and expanded Hamilton’s ideas in something called the “American System,” which advocated big government subsidies for favored industries and high, ruinous tariffs, what we today call “socialism for the rich.” Clay inspired smooth talking railroad lawyer Abraham Lincoln, who inherited the Red escapees from the Revolution of 1848 and became our first Communist President.

All of this comes again to mind with the recent publication of Red Republicans: Marxism in the Civil War and Lincoln’s Marxists (iUniverse, Lincoln, Nebraska, 2007) by Southern historians Walter D. Kennedy and Al Benson, Jr. You must read this book, because it irrefutably nails down everything I have said above and then some. Let’s browse through Red Republicans, and, as we do so, remember that the reason most Americans have never heard of all this is that the winner writes the history.

For instance, August Willich was a member of the London Communist League with Karl Marx and Friedrich Engels. Needless to say, Willich became a major general in the Union Army. Robert Rosa belonged to the New York Communist Club and was a major in the 45th New York Infantry. Brigadier general Louis Blenker of New York was a “convinced Marxist.” His 10,000 man division looted people in Virginia, inspiring the term “Blenkered.” Many of his men were fresh from European prisons. Our first Communist President knew this, but turned them loose on the people of the South.

In Red Republicans we learn of nine European revolutionaries convicted of treason and banished to Australia. They escaped to the united States and Canada. Three or four of them, with no military experience, became Union generals, joining at least three other Marx confidants who already held that rank. “Every man of the nine became a member of the Canadian Parliament, a governor of a territory or state in the Union, party leader, prime minister or attorney general.”

Many of these men, not all, were Germans, some four thousand of whom escaped to this country. Known as Forty-Eighters, they quickly added violent abolitionism and feminism to their Communist beliefs. In Missouri, Forty-Eighter Franz Sigel became a Union general and had uniforms made for his Third Infantry Regiment that closely resembled the uniforms worn by socialist revolutionaries in Germany in 1849.

Forty-Eighters who became high ranking Union commanders included Colonel Friedrich Salomon, Ninth Wisconsin, Colonel Fritz Anneke, Thirty Fourth Wisconsin and Colonel Konrad Krez, Twenty Seventh Wisconsin. Communist journalist Karl Heinzen wrote: “If you have to blow up half a continent and cause a bloodbath to destroy the party of barbarism, you should have no scruples of conscience. Anyone who would not joyously sacrifice his life for the satisfaction of exterminating a million barbarians is not a true republican.” Heinzen came to this country and supported Lincoln.

Joseph Weydemeyer had to flee Germany when the Communist Revolution failed. In London he belonged to the Communist League and was a close friend of Marx and Engels. He came to this country in 1851, supported Lincoln, maintained his close friendship with Marx and became a Brigadier General in the Union Army.

Dedicated socialist Richard Hinton had to leave England. In this country he became a Union colonel, a Radical Republican and an associate of maniac John Brown’s. So was Allan Pinkerton, who financed him. At one meeting with Brown, Pinkerton told his son: “Look well upon that man. He is greater than Napoleon and just as great as George Washington.” Yes, Pinkerton was the great detective who founded the agency that bears his name. Why didn’t you know that? In Kansas, mass murderer Brown enjoyed the support of wealthy Yankees (the Secret Six). August Bondi and Charles Kaiser, who worked with Brown there, were Forty Eighters.

What about Marx himself? Marx fled to England, where he is buried. He became the European correspondent for socialist Horace Greeley’s New York Tribune, whose Managing Editor, Charles Dana, was a Communist. Dana hired Marx as a foreign correspondent. Marx wrote often of his kinship with the new Republican Party. Dana’s generosity to Marx kept that scumbag alive.

Remember that Marx never worked a day to support his family, but did find time to impregnate their maid. Dana later became Assistant Secretary of War. All these people were in place when our first Communist President was elected on the Republican ticket in 1860 and provoked Lincoln’s Communist War to Destroy the Union.


Advertisement

The GOP Convention of 1860 took place in Chicago, a flaming center of German Communism. Many such Reds were delegates, including Johann Bernhard Stallo and Frederick Hassaurek from Ohio and Heinrich Bornstein from Missouri, a friend of Marx. Socialist Carl Schurz was a delegate from Wisconsin. To guarantee German support in Illinois, Lincoln secretly bought the Illinois Staats Anzieger. After the election he awarded the editor a consular post.

Socialist Friedrich Kapp was editor of the New Yorker-Abendzeitung. He wrote propaganda for the new Republican Party and helped mightily to deliver the German-American vote to Lincoln. With other Forty-Eighters, he was an elector for Lincoln in 1860. Remember, these are just a few examples. You really need to read the book. Call, toll-free 1 (800) 288-4677 to order.

Remember that slavery, for these Communists, was just an afterthought, a tool. Before the War for Independence, it was the Southern colonies that petitioned the King to stop importing slaves into the South. Did you know that Jefferson tried to include in the Declaration of Independence a complaint against the King because his government had forbidden the colonies to end the slave trade? Jefferson’s language was deleted to avoid giving offense to New England, which was making buckets of money trading slaves.

Indeed, did you also know that if slavery was what the South fought to defend, all it had to do was stay in the Union? Lincoln made clear that he would defend slavery and would not free slaves owned by a man in a state within the Union: “I have no purpose, directly or indirectly, to interfere with the institution of slavery in the States where it exists. I believe I have no lawful right to do so, and I have no inclination to do so.”

Remember that the Emancipation Proclamation came well into the war. It was a propaganda stunt that freed only the slaves in areas controlled by the Confederacy; in other words, none. Meanwhile, prominent abolitionist Robert E. Lee, the first man Lincoln offered command of the Union Army, had freed his family’s slaves long before the war. So, what were the Communists who came here after?

Republican Senator John Sherman, brother of the monster who Marched to the Sea, advised his fellow senators to “nationalize as much as possible [making] men love their country before their states. All private interests, all local interests, all banking interests, the interests of individuals, everything, should be subordinate now to the interests of the Government.”

Germany was a decentralized collection of independent states. The goal of the Forty Eighters there was a “united, indivisible republic” in which those states would be dissolved. Land and private industry would be confiscated. The government would be transformed into a Socialist dictatorship. These are the ideas the Forty Eighters came to implement here. By the way, that is what Hitler did in the 1930s. That is what the fleeing Communists found so attractive in Lincoln.

So, again, the Republican Party did not “go wrong.” It was rotten from the start. It has never been anything else but red. The characterization of Republican states as “red states” is quite appropriate. What do these revelations mean to us? Again, Dr. Paul is an aberration. He is not a “traditional Republican.” A “traditional Republican” stands for high taxes, imperial government and perpetual war.

Dr. Paul is much more a traditional Democrat. I refer of course to the Democrat Party before the Communist takeover, which began with the election of Woodrow Federal Reserve-Income Tax-World War I Wilson and was consummated with the election of liar, swindler, thief, traitor and mass murderer Franklin Delano Roosevelt. I am talking about the Democrat Party of Thomas Jefferson.

So of course the Republican Party will do everything it can to sandbag Dr. Paul. Expect that. It rightly considers him an interloper who doesn’t belong there. Yes, because of decades of perversion of popular opinion about the Republican Party, he must run as a Republican. But no patriot loyalty, and certainly no trust, should be forthcoming, because the Party is a sidewinder that will betray him in a Ghouliani minute.

Dr. No is on one side. The Republicrat Party is on the other.

© 2008 - Alan Stang - All Rights Reserved

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Alan Stang was one of Mike Wallace’s original writers at Channel 13 in New York, where he wrote some of the scripts that sent Mike to CBS. Stang has been a radio talk show host himself. In Los Angeles, he went head to head nightly with Larry King, and, according to Arbitron, had almost twice as many listeners. He has been a foreign correspondent. He has written hundreds of feature magazine articles in national magazines and some fifteen books, for which he has won many awards, including a citation from the Pennsylvania House of Representatives for journalistic excellence. One of Stang’s exposés stopped a criminal attempt to seize control of New Mexico, where a gang seized a court house, held a judge hostage and killed a deputy. The scheme was close to success before Stang intervened. Another Stang exposé inspired major reforms in federal labor legislation.

His first book, It’s Very Simple: The True Story of Civil Rights, was an instant best-seller. His first novel, The Highest Virtue, set in the Russian Revolution, won smashing reviews and five stars, top rating, from the West Coast Review of Books, which gave five stars in only one per cent of its reviews.

Stang has lectured in every American state and around the world and has guested on many top shows, including CNN’s Cross Fire. Because he and his wife had the most kids in Santo Domingo, the Dominican Republic, where they lived at the time, the entire family was chosen to be actors in “Havana,” directed by Sydney Pollack and starring Robert Redford, the most expensive movie ever made (at the time). Alan Stang is the man in the ridiculous Harry Truman shirt with the pasted-down hair. He says they made him do it.

[Minuteman2008]

Tea partyers need to support J.D. Hayworth and send McCain packing. Hayworth has decent conservative credentials and can win.

[angelatc]

Time to get Grandpa out of the Senate then.

He was misled only because he ignored the voice of the people. The bank bailout was the episode that resulted in their voice mail and e-mail servers crashing because we the people - on BOTH sides of the aisle, didn't want any part of this.

Saying that he thought it would address the housing crisis doesn't exactly sound conservative, either.

[CharlesTX]

sure you were John...sure you were. :rolleyes:

[johngr]

Here's my pun/metaphor. Y'all feel free to use it on AZ politics commentary sites and other boards:

Things aren't going so well for Juan McCain. He was going to bring in Joe the Plumber to help with his sinking campaign but he couldn't agree on price with so he's bringing in José the Plumber instead. He tried to fix the problem himself but his bailout plan didn't work and he ended up destroying the House. He was last seen at the Home Depot parking lot looking for carpenters, electricians, foundation men, etc.

[Juan McCain]

Time to get Grandpa out of the Senate then.



http://i432.photobucket.com/albums/qq47/panamajohn/mccain_wow.jpg

[DapperDan]

http://img.photobucket.com/albums/v327/RoninRevolver/BooThisMan.gif