Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?
McCAIN: No. I think the deregulation was probably helpful to the growth of our economy. Watch it: http://thinkprogress.org/2008/09/21/mccain-deregulation/#comments -------------------------------------------------------------------------------------------------------------------------- Obama On Bailout: "No Blank Check" (VIDEO) http://www.huffingtonpost.com/2008/09/21/obama-on-bailout-this-pla_n_128072.html Peace, Doc On Sep 24, 3:02 pm, "Keith In Tampa" <[EMAIL PROTECTED]> wrote: > I don't think I could have said this any better: > > http://www.parkwayreststop.com/archives/2884 > > A Few Thoughts on the Election and > Bailout.<http://www.parkwayreststop.com/archives/2884> Filed > under: > Uncategorized<http://www.parkwayreststop.com/archives/category/uncategorized>— > Jim @ 7:56 pm > > My cruller is cooked. Between the election combat and now the financial > mess, I've hit "overload." > > As for the election stuff, let me say that there is nothing, NOTHING Barack > _____ Obama has ever said with which I agree. If you feel otherwise, and if > you have paid as much attention to all of this as I have, then neither of us > will ever convince the other. We'll just have to agree to disagree and live > with the consequences of our convictions. If, however, you are an Obama > supporter and you haven't been paying as much attention as I have, I won't > change your mind, so please spare me the talking points and do whatever it > is you want to do on Election Day. With any kind of luck, you won't vote. > > With respect to the financial mess, let me say that I am most skeptical of > any kind of solution that can be cobbled together in a few days. I have > worked on more than a few transactions involving significant sums of money, > and the details of those transactions have always been damned near mind > boggling. And yet, here we are, asking a bunch of goddamned legislators > (most of whom, in both parties, are absolutely clueless and some of whom are > part of the problem) to pass on possibly the biggest transaction in American > history – one that has been put together in a matter of days! > > Look, you can't do a *proper* job of buying or selling even a goddamned > luncheonette in this amount of time. Even with the buying or selling of a > luncheonette, the devil is always, *always* in the details. Doing a > transaction that is worth possibly a trillion dollars in such a short time > is begging for trouble. > > My immediate inclination is to say NO to this massive bailout. I admit that > I am not an economist, but I speak English as well as most folks. I have yet > to hear a single, relatively straightforward explanation of what would > happen if we let the businesses that can't make it simply fail. > > Sure, like you, I've heard conclusory statements such as, "We must act NOW, > or the entire system will collapse! Depression! The end of the world as we > know it!" Maybe so, but I would like a bit more explanation than that before > "we" sign off on a trillion-dollar deal. > > Until I am convinced otherwise, I say, no bailout. Let the chips fall where > they may. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
