learn any new tricks. He is still pushing policies that give the fat cats an extra profit hoping that a few scraps will land his way.
Obama started the process in which the two presidential candidates were supposed to issue a joint statement regarding fixing W's failed economic policy. Remember "Mission Accomplished"? This is mini-me's attempt to grab any glory that can be
gained from this economic disaster. Rove had W stand in front of that "Mission Accomplished" banner and now is trying to push McCain into a 3rd Bush 43 term using any gambit at his disposal. Mini-me is trying to portray himself as the leader who will bend Congress to his will in the $700 billion bailout. The irony of the situation is that Congressional Republicans have spoken up against the plan. Suppose he can't even get the GOP to go along with him to support the bailout.
Why would the Democrats trust W--and anything from the GOP, including this bailout? The way this is getting rammed down our throats is very similar to how the Patriot Act was thrown onto Congress' plate who weren't even allowed to read it before passing it. We know how that worked out.
Now Rove has W and mini-me are acting in unison to put Obama in difficult positions. Obama originally didn't want to return to Washington. He'd been talking with Congressional members and Treasury Secretary Henry Paulson daily. Now mini-me had W convene a meeting of congressional leaders, along with the two presidential nominees today at the White House. What other secret deals has Rove cooked up for mini-me's advantage?
The way it stands now mini-me can't win. If he gets the House Republicans to pass this legislation that W and Paulson proposed the GOP base will hate him because it will cost the red staters money. If he doesn't get the House GOP to go along with him he doesn't get to say he was the leader who drew Democrats and Republicans together to pass the bill.
In the upcoming debate-if and when mini-me deigns to participate, McCain will label Obama "inexperienced" to which Obama can respond that McCain's experience has been awful.
The September 18, 2008 article "McCain hits Obama on Fannie Mae ties" states "John McCain unveiled a new TV ad this afternoon that tries to paint Democratic rival Barack Obama as so inexperienced on the economy that he has to
listen to shady characters. "Obama has no background in economics," the announcer says. "Who advises him? The Post says it's Franklin Raines, for 'advice on mortgage and housing policy,' " the announcer says, citing a Washington Post report this week. "Shocking. Under Raines, Fannie Mae committed 'extensive financial fraud,' " the announcer says, as another newspaper headline appears on screen. "Raines made millions. Fannie Mae collapsed."
Obama's equivalent retaliation to this has to include some slams on mini-me and his role in deregulating the banking and insurance industries which resulted in this $700 billion bailout. I thought GOP ghouls were against less money in the
government and limiting it. This bailout achieves the opposite.
The September 17, 2008 article "McCain Embraces Regulation After Many Years of Opposition" states "A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a
thicket of rules established over decades in favor of a less restricted financial marketplace that proponents said would result in greater economic growth. Now, as the Bush administration scrambles to prevent the collapse of the American International Group (AIG), the nation's largest insurance company, and stabilize a tumultuous Wall Street, the Republican presidential nominee is scrambling to recast himself as a champion of regulation to end "reckless conduct, corruption and unbridled greed" on Wall Street. "Government has a clear responsibility to act in defense of the public interest, and that's exactly what I intend to do," a fiery McCain said at a rally in Tampa yesterday. "In my administration, we're going to hold people on Wall Street responsible. And we're going to enact and enforce reforms to make sure that these outrages never happen in the first place."
Phil Gramm was economic adviser to mini-me's campaign until he called the US a country of whiners. We see people in our neighborhood having their houses foreclosed and we are called names by these ultimate insiders. These GOP ghouls have no honor.
In 1999 Phil Gramm's, as the article continues "Gramm-Leach-Bliley Act aimed to make the country's financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies. That bill allowed AIG to participate in the gold rush of a rapidly expanding global banking and investment market. But the legislation also helped pave the way for companies such as AIG and Lehman Brothers to become behemoths laden with bad loans and investments."
And let's remember some recent history about mini-me, The article continues "In the 1990s, he backed an unsuccessful effort to create a moratorium on all new government regulation. "I'm always for less regulation," he told the Wall Street Journal in March. He added: "I'd like to see a lot of the unnecessary government regulations eliminated."
Less regulation--as championed by mini-me and his economic brain Gramm, has caused this disaster which has resulted in the $700 billion bailout.
Thirteen years ago State Senator Alice Palmer introduced Barack Obama to William Ayers. Did Obama know that Ayers was part of the violent 1960's anti-war fringe? Who knows, but Ayers was, at the time Obama met him, a professor of education at
the University of Illinois-Chicago.
When McCain and Gramm were working together they were Senators in charge of deregulating the banking, investment and insurance industries.
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