Yes. We know McCain. Now stop stating the obvious and do something.

Look at your poll numbers. There's a reason why their dropping.

So, you know, we’re getting stampeded here to vote for something that doesn’t help homeowners, that doesn’t do anything about foreclosures, that doesn’t help those people who have been in bankruptcy and are looking for a way out. As a matter of fact, it made sure they can’t get out. So, who’s this for? It’s for speculators. It’s to play a game that provides some temporary help in the market, and, you know, you might see an uptick today if this passes the House. On the other hand, if it doesn’t, we need to be ready to find a way for Wall Street to address its problems without having to tap the increasingly diminishing resources of the federal taxpayers.

Full Transcript

Though there is bi-partisan support for a bailout, who are we actually trying to help.

John McCain calls for more oversight and wishes for a plan to allow homeowners to stay in there homes, but it was Hillary Clinton that put forth proposals that may have actually had a chance at easing the financial crisis on Wall Street and Main Street.

In response, Senator Clinton outlined a series of proposals to address the crisis:

Create a new entity to buy up and quarantine toxic mortgage securities that are dragging down the markets which would allow the markets to stabilize. Last spring Senator Clinton was among the first to call for a new entity modeled after the successful Depression-era Home Owners’ Loan Corporation (HOLC) or the Resolution Trust Corporation (RTC) created after the Savings and Loan crisis.

Place a temporary moratorium on the most abusive stock transactions, many of which involve the “short-selling” of stocks. Yesterday, Senator Clinton wrote to the Securities and Exchange Commission urging such a moratorium, saying it would provide breathing room for the markets to recover, for investors to make accurate assessments of companies and for regulators to assess what trading practices should be permanently banned.

Convene an emergency economic summit to show the American people their government is working together. Bringing together leaders in the administration and Congress with lenders, consumer advocates, non profits, financial institutions, and all stakeholders will allow a coordinated response to the crisis.

Aggressively pursue and encourage mortgage modifications. Senator Clinton has introduced legislation to remove barriers to mortgage modification and to encourage lenders to voluntarily work with borrowers to keep them current on payments and in their homes.

Restore competent federal oversight of the increasingly complicated financial markets. The rapid evolution of the securities and banking industry overwhelmed the current regulatory framework, resulting in a “shadow banking system” that operates outside of oversight and without accountability.

Require transparency and accountability on executive pay. Senator Clinton has proposed the Corporate Executive Compensation Accountability and Transparency Act to impose new transparency rules on executive pay, end the accounting techniques that hide compensation, and provide shareholders a say in executive compensation packages.

Ensure the accountability of financial institutions borrowing money from the Federal Reserve’s new lending facilities. Taxpayers deserve to know that the companies they are bailing out are on the road to recovery and aren’t throwing more good money after bad.

McCain, Bush and the Republican House leadership failed to pass the leadership threshold. If McCain is unable to lead the most ardent members of his own party who supposedly really want him elected, why would anyone have any confidence in his ability to lead our country?

Mccain cant even lead his own party cant even manage his own campaign look at it its a mess HOW IN GODS NAME WILL HE LEAD THE COUNTRY and if something should happen to him in which i hope it dont WE GET PALIN god help us GOD BLESS THE USA!!!

I wanted to point out two AP stories that deal with a proposal to raise the FDIC limit. The first story says that Sen. Barack Obama supports such a proposal. That is, frankly, shocking, since the idea was actually proposed by House Republican negotiators on Saturday evening, but was strongly rejected by Senate Democrats. Rep. Chris Shays has introduced this proposal as legislation (H.R. 7235). The second AP story mentions the House GOP support for this proposal.

Why is Sen. Obama embracing a proposal his colleagues rejected? Why did Senate Democrats reject the proposal initially? Have they all changed their minds, or is Sen. Obama breaking with his colleagues? Interesting questions …

Yes we have a crisis of confidence in you and your judgement in picking Palin

McFlipFlopper.

We don't want this to degenerate into a crisis of confidence.

A few minutes later.

Oh no we are already in a crisis of confidence.

Which is it Senator McCain?

Or did you really want to say "mental recession" from this bunch of "American whiners"?

I wanted to point out two AP stories that deal with a proposal to raise the FDIC limit. The first story says that Sen. Barack Obama supports such a proposal. That is, frankly, shocking, since the idea was actually proposed by House Republican negotiators on Saturday evening, but was strongly rejected by Senate Democrats. Rep. Chris Shays has introduced this proposal as legislation (H.R. 7235). The second AP story mentions the House GOP support for this proposal.

Why is Sen. Obama embracing a proposal his colleagues rejected? Why did Senate Democrats reject the proposal initially? Have they all changed their minds, or is Sen. Obama breaking with his colleagues? Interesting questions …

Vanessa, Angie and Beck - paid Obama bloggers, or people with a lot of time on their hands.

What a shame, the Repubs are electing HUSSEIN simply by default. "GET OFF YOUR ASS McWIMP AND FIGHT BACK" You are letting this street punk become the next POTHS. You aint' gonna get another chance Pal!! Who the hell is in charge or your campaign anyway? I know, this is all falling on deef ears, ughh!

HP Boston.

FYI Senator Obama is in the Senate not in the House.

Who tells you the Repugs were the first to have the idea?

This idea has been around from as far back as 2000.

FYI the Repugs don't have a monopoly on good ideas.

Watch Biden and Palin Prep for the debate. http://www.watchdebate.com

See the Palin impersonator Joe Biden is using to practice with http://www.theveep.com

Americans were suffering from a "crisis of confidence."

Looks like we have another crisis on our hands...

Was we not just suffering from something else... what was that called?

What a total Empty Suite...

A crisis of confidence - is that like a mental recession?

steve_NJ: I'm one repub who had a good idea. I moved out of NJ in 86'

Steve_NJ: I suppose you wouldn't mind living under a Muslim potus. Every time I visit there it's like being in the middle east anyway. I could'nt believe it when I payed my toll on the Pkway to a person wearing a vail and a burkah.

I'm sure if President Bush told everyone that they should not spend 700 billion on the bailout, then all of the American people would be in favor of the bailout. A crisis in confidence is putting it mildly.

It will not come as a complete surprise then, when BOMBEM discovers McCain sometimes sleeps in black pajamas.

We have faced a crisis under this President before. After 9/11 Bush led the way. He should try the same thing he did then. Tell us to go shopping.
Otherwise the financial terrorists win.
The credit caps freeze. Polar bears win.