One GOP Congressman Tells ABC News

to all those who are suggesting that mccain is a hero in this and has rushed off to save the country --

what is it that you believe mccain is actually doing?

the house and senate have been meeting and discussing and figuring this out for a week. mccain as of yesterday had not even read the three page bush proposal.

the meetings and discussions are going to stop thursday afternoon so that mccain can get his "crisis meeting" at the white house with bush, obama and the house and senate leadership and be brought up to speed.

i thought this was an emergency?

mccain did not suspend his campaign. he said he suspended it. instead, after he made the announcement, he continued his campaign schedule through this morning and added this afternoon's "crisis meeting" to the schedule.

what, are we supposed to now believe that when mccain makes appearances from now until an undetermined time in the future that he's not campaigning, that he's "working on the problem"?

if you believe, after a week of mccain wandering around telling us "the fundamentals are strong," mccain's sudden call for "crisis meetings" does anything other than destroy his credibility, then you must also believe that something monumental changed in the financial crisis on tuesday. because mccain's campaign has stated that they talked about doing the campaign suspension on tuesday.

what changed?

what happened that mccain -- who had not read bush's three page plan by yesterday -- thinks the public is to believe that he's the key to success here.

you really have to be daft to buy that bridge.

THE SECRET OF WHY $200 BILLION WILL BEAT $700 BILLION…
In a reverse auction format firms bid to sell debt to the government. Having a $700 Billion Dollar Fund would create a situation in which the sellers would not have the sense of urgency needed to aggressively price their bids. The bailout funds modest burn rate of $50 billion a month would encourage sellers to collectively holdout for prices that are far above what the debt would bring under competitive bidding. Let’s not forget that the sellers are much more informed and are in a far better position to understand the nuances of their portfolios and the future loan performance modeling than the “experts” the govt. is going to hire. The governments inferior knowledge could leave the taxpayers suffering unimaginable losses. Worse yet those losses may only be discovered well after the treasury runs out of money.
Forget the $700 billion. Authorize an initial commitment of $200 billion and pre-schedule subsequent hearings for additional financial commitments in advance. This would leave just enough margin of uncertainty that the sellers desire to hold out for higher prices would be tempered by their innate fear of loss that they might miss the governments gravy train altogether.

If McCain is such a maverick, then why is he running. The maverick is running to Washington to save the day, where is his cape!!!!

Pandering to his young and stupid base again. Like forclosures, and gas prices aren't as important as those college kids he's promising $2,000 to.
What a fraud.

Posted by: Debra | Sep 24,
******************************************* That is crazy, he must think it is important to have educated people in America.

Debra-
Who do you think the next leaders of this country will be? Would you like them to be educated, intelligent, and knowledgable? If you do, then wouldn't you agree that we need to send our kids to college?
Who do you believe will solve our oil crisis? or our solidy our economic status in the world? Will it be the old guys in Washington, the same ones who have been there for the past couple of years and helped create this situation we are in right now? Where do you see this country in the future?
Stop being childish and spiteful and just plain mean, and think about the Whole country,think about your grandchildren. Look beyone yourself

Bush was able to debate Kerry while he was president. For all of his sudden urgency, McCain acknowledged just yesterday that he had not even read the administration's three-page bailout proposal.

They should debate Saturday night, Nothing is wrong with that!
Obama should show uo and make a decision,
He won't be able to vote present this time!

average joe-

AGREED! The fervor to rush this through...must be done before the weekend or doomsday bells will toll is insanity!

Oversight is a must. Also, has anyone heard who is going to be servicing the these toxic debts. If the banks unload their garbage, will their service depts still be responsible for billing, receiving payments, collection calls, foreclosure proceedings, etc. There are huge operating costs in servicing these poorly performing products. Who is going to foot that bill and how, at what additional cost? This is a very slippery slope without any real sense of the end in sight.

IMagine if Palin had made a huge Gaffe as Biden did when he spoke about Tvs in and Rosevelt in 1929. Hmmmm. FOr soem one with so much experience as Biden, Palin is doing great.

I think McCain knows this isn't a two or three point race and his whole campaign is in a panic. McCain is a beaten man with his confidence so shaken that he fears he'll lose the debate on his only strength, national security.

Sorry I made a mistake, I said pools instead of polls.

"Should we laugh or cry?."

Both.

Ryan C, it's incredible and breathtaking, I know, but this the actual transcript...
Should we laugh or cry?.... check Ben Smith's blog at Politico for the full thing.

Try to find,

Are you serious?

That's a fake right?

In the meantime Palin was able to illustrate WHY McCain doesn't want her to talk to the press. From tonight's interview with Katie Couric:

COURIC: You've said, quote, "John McCain will reform the way Wall Street does business." Other than supporting stricter regulations of Fannie Mae and Freddie Mac two years ago, can you give us any more example of his leading the charge for more oversight?

PALIN: I think that the example that you just cited, with his warnings two years ago about Fannie and Freddie--that, that's paramount. That's more than a heck of a lot of other senators and representatives did for us.

COURIC: But he's been in Congress for 26 years. He's been chairman of the powerful Commerce Committee. And he has almost always sided with less regulation, not more.

PALIN: He's also known as the maverick though. Taking shots from his own party, and certainly taking shots from the other party. Trying to get people to understand what he's been talking about--the need to reform government.

COURIC: I'm just going to ask you one more time, not to belabor the point. Specific examples in his 26 years of pushing for more regulation?

PALIN: I'll try to find you some and I'll bring them to you.

If McCain does not debate on Friday, he can kiss his presidential aspirations goodbye.

Obama voted 98% w/dems==so what? Obama doesn't even balance his check book, and claims that since he "runs" a campaign with millions of dollars that he is "qualified" to run a COUNTRY!

So what if McCain kept his committment to Katie, but he called Letterman so he would have time to get a replacememt. Big deal--talk about petty--you guys are losing it!

As for McCain's "rich' friends--why don't you just ask Obama (2nd highest receiver of $$ from fanny mae and Dodd (1st highest reciever of $$ from ...fanny mae) Oh wait, isn't Dodd a key player in the bail-out? Oh, and you better check out the 300 million earmarks Bidden is asking for little old Delaware...

You libs are so unhindged that McSmart out foxed you again...He showed leadership, he IS a leader in congress, as opposed to "I've been a Senator for 143 days" Obama.

Howl all you want--Obama is no leader of the pack.

Congressional leaders are delaying progress on the economic plan. Maybe McCain can get the ball rolling and help craft a bill that will be acceptable to all concerned. I like the idea that he is putting the country first and his campaign second. He is really making some hard choices which may pay off on election day.

McCain would probably do much better by not showing up.

Many people sure don't think before they speak or even know what they're talkin about!