Bush 43 to Bush 41: “Dad, I ruined Wall Street and it’s gonna cost $700 billion to fix”

September 22, 2008

This is quite an achievement! 

Imagine what John McCain (who graduated in the bottom 0.5% of his Naval Academy class) can achieve!!  Can’t imagine giving him the keys to the White House.  But, wait–there’s more.

Section 8 of the $700 billion bail-out has the following provision:

Decisions by the Secretary [of the Treasury] pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Are you kidding me? The Treasury Secretary can unilaterly disperse these funds and there is no oversight, no right of review, nada, nothing? How stupid do they think we are?

Enough!! Democrat Dave

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McCain’s Campaign Manager: $35,000 a MONTH for 5 years from Fannie Mae & Freddie Mac

September 22, 2008

What do you think?  From the New York Times 22SEP08:

Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say…

Mr. McCain, the Republican candidate for president, has recently begun campaigning as a critic of the two companies and the lobbying army that helped them evade greater regulation as they began buying riskier mortgages with implicit federal backing….

“The value that he brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again,” said Robert McCarson, a former spokesman for Fannie Mae, who said that while he worked there from 2000 to 2002, Fannie Mae and Freddie Mac together paid Mr. Davis’s firm $35,000 a month. Mr. Davis “didn’t really do anything,” Mr. McCarson, a Democrat, said.

I don’t know about you, but, I’d love a job that pays $35,000 frickin’ dollars a MONTH where you don’t have to do anything. Where do I sign up?

John McCain and the Republicans have been against regulation in any form possible. It’s only since early last week that John McCain has had to acknowledge that we are in this economic stranglehold due to lack of regulation. Unbelievable.

Has John McCain vetted his campaign staff?  How did Rick Davis and Phil Gramm make the cut?  This isn’t change–it’s more of the same.  Who does John McCain think he’s kidding.  Not me.

Enough!   Obama-Biden for President in 2008!!

Democrat Dave