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Bare Sterns*

September 17, 2008 12:54 PM

And just as we noted how Sen. Barack Obama's campaign misstated what AIG stands for (see previous post), we should point out that McCain this week called the SIPC, or Securities Investor Protection Corporation, the “SPIC." *

More importantly, despite his essential support of the AIG bailout professed this morning, McCain just yesterday told NBC "we cannot have the taxpayers bail out AIG or anybody else," and when asked on CNBC if the government should "let it fail," McCain said "I think you have to."

-- jpt

*UPDATE: Due to an over-active spellcheck function on the part of an ABC News computer, this post originally -- and erroneously -- said the McCain campaign had misspelled "Bear Stearns" and "Fannie Mae" in a press release. It had not, and I regret and apologize for the error.

September 17, 2008 | Permalink | Share | User Comments (68)

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McCain is part of the problem! Bad economy means more people are drowning their sorrows in beer. Bad economy only helps Cindy McSame get richer.

Wake up!

Posted by: Former Republicans for Obama | Sep 17, 2008 6:23:55 PM

JOHN McCAIN on the banking and housing crisis
"We're going to need a '9/11 Commission' to find out what happened and what needs to be fixed,"

The 9/11 Commission took two years to complete it's report. Can America afford two years of inaction on the economy?

McCain just doesn't get it. Vote Obama.

Posted by: VoteObama | Sep 17, 2008 6:05:48 PM

Ahh, the tinfoil hate brigade is back? Has Rush given you guys new marching orders?

Amir Taheri has been ripped to shreds for fabricating entire books. Not stretching the truth - complete fabrications. This is the same guy who said that the Iranian government had passed a law requiring Jews to wear special clothing. When a Jewish member of the Iranian parliament said it was a fairy tale, a retraction had to be made.

Well, it looks like we have a *real* Swift Boat contender this time. I bet you all still believe Kerry was a coward too, don't you?

Posted by: johnTX | Sep 17, 2008 5:58:54 PM

"Latest buzz is that Obama could do jail time for interferring with the withdrawl of the toops in Iraq."

LOL.

The McCain campaign is leery to even bring this up and the right wing froth-o-sphere has Obama going to jail.

All based on an article by someone who has lied repeatedly in his articles.

Posted by: Ryan C | Sep 17, 2008 5:44:22 PM

"Telling them not to rush through an agreement means he urged them to delay negotiations."

How does telling someone not to rush through an agreement equal delay negotiations?

You have nothing but proven liar Taheri's bs assertions.

"I don't know on what planet a US Senator can go to a foreign country and try and implement his own foreign policy."

Hey if McCain can go to Georgia with his registered foreign agent lobbyist for Georgia, I think this one will slide.

Sen. John McCain's top foreign policy adviser prepped his boss for an April 17 phone call with the president of Georgia and then helped the presumptive Republican presidential nominee prepare a strong statement of support for the fledgling republic.

The day of the call, a lobbying firm partly owned by the adviser, Randy Scheunemann, signed a $200,000 contract to continue providing strategic advice to the Georgian government in Washington.

Posted by: Ryan C | Sep 17, 2008 5:42:29 PM

A top McCain official contacted by CNN said, on condition on anonymity, "No big deal, but not how you get on the surrogate all-star team. Very Biden-like."

"This campaign source said Fiorina would be discouraged from additional media interviews.

Another top campaign adviser was far less diplomatic.

"Carly will now disappear," this source said. "Senator McCain was furious." Asked to define "disappear," this source said, adding that she would be off TV for a while - but remain at the Republican National Committee and keep her role as head of the party's joint fundraising committee with the McCain campaign.

Fiorina was booked for several TV interviews over the next few days, including one on CNN. Those interviews have been canceled.

Posted by: You're So Vain | Sep 17, 2008 5:37:36 PM

Is it possible?

With the government is taking control of Financial Institutions, could you compare this to a Socialist direction, or Communist direction of America's future.

The rich have gotten richer, with more control of masses, trends of living, eating, purchases, education and social health choices.

Is America moving closer to Communism?

Posted by: Underdog | Sep 17, 2008 5:12:32 PM

Selective quoting by Concerned via his right wing sources

"But Obama's national security spokeswoman Wendy Morigi said Taheri's article bore "as much resemblance to the truth as a McCain campaign commercial."

In fact, Obama had told the Iraqis that they should not rush through a "Strategic Framework Agreement" governing the future of US forces until after President George W. Bush leaves office, she said.

In the face of resistance from Bush, the Democrat has long said that any such agreement must be reviewed by the US Congress as it would tie a future administration's hands on Iraq.

"Barack Obama has never urged a delay in negotiations, nor has he urged a delay in immediately beginning a responsible drawdown of our combat brigades," Morigi said."

Good to see you've recovered from your meltdown last night.

Posted by: Ryan C | Sep 17, 2008 5:04:38 PM

Sarah Palin the "energy expert" recently stated

"My job has been to oversee nearly 20 percent of the U.S. domestic supply of oil and gas"

Actual percentage of domestic energy coming from Alaska?

3.5%

She may be either dishonest or incompetent.

The one thing we do know is that she is not an expert.

Posted by: Ryan C | Sep 17, 2008 4:59:35 PM

"Taheri is a known liar who makes up sensationalist stories for gullible neocon audiences to email forward each other"

I rest my case.

Posted by: RobertSeattle | Sep 17, 2008 4:20:05 PM

According to Jonathan Martin of Politico

Palin's private email account that she established for public business to avoid oversight (right out of the Karl Rove textbook) has been hacked (some here predicted that) and now has been deleted.

Posted by: Ryan C | Sep 17, 2008 4:15:26 PM

Great Obama quote today:

"The old boy network? In the McCain campaign, that’s called a staff meeting."

And indeed, John McCain put seven of the most powerful Washington lobbyists in charge of his campaign.

Posted by: kent | Sep 17, 2008 4:01:02 PM

in my opinion ,letting any uninsured financial operation fail in a responsible way would mean the government would freeze the personal assets of any/all ceo/executive/employee who are paid or making more than $100,000 or so a year.

use that money to bail out the company at least partially then hit the taxpayer up for a loan but ONLY after the executives and managers who are largely responsible for this mess pay up the lions share of the profits they made and pocketed and tucked away in some off shore/swiss bank account. ....now THAT would be the responsible fair way to alleviate some of the insolvencies and associated problems they themselves created.

but thats way too simple though and way too fair for the republicans who run this government (at present), so something fair like that will never happen while they are around.

but ,just for the debate..someone tell me why that idea wouldnt be very fair as well as very do-able?

Posted by: bah | Sep 17, 2008 4:00:55 PM

I hope Bush has the US ATTORNEY GENERAL arrest and prosecute Obama for interfering with official business. He should be tried as a traitor to America. He is probably not a citizen anyway.

Posted by: Democrat No More | Sep 17, 2008 4:00:45 PM

This is very telling: now that ALL Americans, with the grand collapses at Wall Street, are witnessing day in day out how serious the state of this country is, people are flocking to Obama again.

He's leading McCain again in the Gallup's and other tracking polls.

Let's kick the GOP out of power and rebuild America's economy, infrastructure, health care, education and energy policies.

Posted by: brent | Sep 17, 2008 3:53:08 PM

Americans remain overwhelmingly negative about the current state of the economy and think it is only getting worse. And for many, that hits close to home: One in 3 say their family is worse off today that it was four years ago, according to the latest New York Times/CBS News poll.

Over all, nearly 8 in 10 rate the condition of the national economy negatively and 6 in 10 say it is getting worse. And the number who says their financial situation is worse off now than it was four years ago is higher than it was in polls leading up to the last presidential election in 2004. The poll was conducted Friday to Tuesday, during the financial upheaval that started to unfold over the weekend.

Still, the poll found that most voters express at least some confidence in the presidential candidates’ ability to handle the economy, though not many express a lot of confidence in either of them. Senator Barack Obama, the Democratic nominee, currently has the edge on the issue: Six in 10 voters say they’re very or somewhat confident in the Illinois senator’s ability to make the right decisions about the economy, while about 4 in 10 are not. Voters are somewhat more divided in their confidence in Senator John McCain’s ability: 53 percent are confident, 46 percent are not.

Posted by: Its the economy stupid | Sep 17, 2008 3:51:00 PM

McCain Two Face

I'm against a bailout, the bail out is ok.
I don't know much about the economy, I invented the blackberry.
I'll stop lying on Barack when he joins me in a town hall meeting.
I'm for deregulation, I'm for regulation.

Vote the Two-Face/Penguin '08 ticket.

Posted by: MM | Sep 17, 2008 3:43:11 PM

"What they didn't tell you that Monday, the day the market lost 500 points, John McCain held a $50K a plate dinner in Miami.

They also didn't tell you about McCain's hollywood fundraiser 2 weeks ago. Yes I know Stephen Baldwin is hardly a celebrity but some other stars were there.

Still feeling sanctimonious?"


Good to hear from you, Ryan. And thanks for making my point. Yes, McCain had a fund raiser Monday night which could have easily been exploited by Obama but he couldn't because he himself had one queued up for the following night. A smarter man would have seen an opportunity and said, "Thanks, Babs but it would be highly inappropriate to do what that insider McCain did last night." Instead he did what they all do, go to the fund raiser.

But not just any fundraiser. It was the Bon Jovi mansion fundraiser two weeks ago times ten. And to paraphrase John Edwards, there are two Hollywoods out there. The Hollywood glitterati crowd epitomizes the elite, out of touch liberalism that Obama champions. The fact that he tries to relate to common man is a joke. The Stephen Baldwins and Wilford Brimleys of the world are the leper colony of Hollywood. They're the lunchpail crowd of the acting world and they support McCain. Ironic, huh? There is no comparison between the two crowds.

BTW I had to look up the word sanctimonious and I honestly don't believe it's appropriate. I'm simply pointing out Obama's incredibly bad timing and inability to make political capital for fear of offending his celebrity backers. He's just another slick politician doing what they all do.

Posted by: Woody | Sep 17, 2008 3:10:17 PM

Well excuse me if I want to spend my unemployment here licking Obama's shoe leather each and every day.

We are in a panic at mybarack and I need to be here attacking McCain because Obama's resume is too thin and he had no accomplishments. have you seen the polls? This should be a blowout win for any Democrat and the race is tied in PA and McCain leads in Ohio and Florida.

By the way, the kool-aid flavor is grape.

Posted by: Ryan C | Sep 17, 2008 3:01:21 PM

I wonder If there are two McCains running for president. One opposes the other. Or one McCain but with split personality. HAHAHA..

Posted by: HAHA | Sep 17, 2008 3:00:12 PM

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