This is a great video showing McCain’s reaction to a statement Barack Obama has made several times, including at the debate last week. Maybe if McCain would stop with his Chester the Molester grinning and making faces and actually listen to what other people say he might have heard it. Or maybe his age and dementia is really starting to show and he just forgot. All I know is it makes for entertaining TV watching him react. And what’s with the blinking?
Last night during the debate McCain revealed his new plan for the mortgage crisis. The problem is, it seems like he pulled it out of thin air and it went completely against something earlier he said. Here is what he said during the debate:
“As president of the United States, Alan, I would order the secretary of the treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes — at the diminished value of those homes and let people be able to make those — be able to make those payments and stay in their homes.
“Is it expensive? Yes. But we all know, my friends, until we stabilize home values in America, we’re never going to start turning around and creating jobs and fixing our economy.”
The problem is, McCain keeps saying how there is going to be an across the board freeze on spending in a McCain administration, “except for defense, Veterans Affairs, and some other vital programs.” That is going to be a huge increase of spending if he follows through.
McCain also stated that this is a plan that Obama (nor Bush) would support. Again, another lie by McCain. The Washington Post reported, “The Obama campaign called the mortgage idea ‘old news,’ saying that a similar Treasury Department program is already underway as part of the economic rescue package and that Obama backed it.”
Not only that, but in a statement two weeks ago from Obama, in his own words:
“[W]e should consider giving the government the authority to purchase mortgages directly instead of simply purchasing mortgage- backed securities. In the past, such an approach has allowed taxpayers to profit as the housing market recovered. This is not simply a question of looking out for homeowners; it’s doubtful that the economy as a whole can recover without the restoration of our housing sector, including a rebound in the home values that have suffered dramatically in recent months.”
So, McCain’s new plan is only new to him. Obama suggested something similar two weeks ago and the Treasury Department is working on a plan. McCain is also going against his pledge of a spending freeze and lied about Obama’s position (as if that’s new). Can you really trust John McCain? I’ve said it before and I’ll say it again. John McCain is a liar and a disgrace.
Sarah Palin lies yet again. During the debate Thursday night she stated how she dropped assets that were tied to the Sudan’s brutal regime. This of course, isn’t true. According to legislators and public records:
“The [Palin] administration killed our bill,” said Alaska state representative Les Gara, D-Anchorage. Gara and state Rep. Bob Lynn, R-Anchorage, co-sponsored a resolution early this year to force the Alaska Permanent Fund – a $40 billion investment fund, a portion of whose dividends are distributed annually to state residents – to divest millions of dollars in holdings tied to the Sudanese government. Continue Reading
Is there nothing this campaign won’t lie about for political gain? This is ridiculous. Why isn’t the mainstream media calling them on their blatant lies? They are an embarrassment to our country.
Well, it seems that Sarah Palin, even when running off a script, still doesn’t know what the hell she’s talking about. While trying to sound smart and like she knew what she was talking about, she mentioned the policy stance of John McCain on foreclosures. She made his position sound great. The problem is, that’s not his position. ABC News’ Teddy Davis Reports:
Sarah Palin got her facts wrong in Thursday’s debate with Joe Biden when discussing where John McCain stands on new protections for homeowners facing foreclosures.
The Alaska governor incorrectly made it sound like McCain supports giving bankruptcy judges the power to rewrite mortgage payment terms on first homes.
The McCain campaign confirms to ABC News that Palin misstated McCain’s position.
“No, that is what is called the cramdowns, which is so objectionable that Obama didn’t even want it jammed into the stabilization bill,” said McCain spokesman Brian Rogers when asked if McCain supports giving bankruptcy judges the power to re-adjust the interest rate and principal to help people stay in their homes.
Palin’s mistake came when the debate’s moderator asked her if Biden was right in thinking that she and McCain oppose giving bankruptcy judges this new power.
“[W]e should be allowing bankruptcy courts to be able to re-adjust not just the interest rate you’re paying on your mortgage to be able to stay in your home, but be able to adjust the principal that you owe, the principal that you owe,” said Biden. “That would keep people in their homes, actually help banks by keeping it from going under.
“But John McCain, as I understand it,” he continued, “I’m not sure of this, but I believe John McCain and the governor don’t support that. There are ways to help people now. And there — ways that we’re offering are not being supported by — by the Bush administration nor do I believe by John McCain and Governor Palin.”
“Governor Palin, is that so?” asked PBS’ Gwen Ifill.
“That is not so,” said Palin, “but because that’s just a quick answer.”
The Alaska governor then quickly changed the subject to energy.
ACORN, a liberal group which advocates on behalf of low- and moderate-income people, seized on Palin’s seeming endorsement of the Obama-Biden position and is now trying to use them to pressure McCain to change his official position.
“Sarah was just being Sarah,” ACORN’s Charles Jackson told ABC News. “It’s clear from the transcript that she supported the provision that Senator Biden brought up. We’ll see if McCain’s handlers will allow her to continue to hold that position tomorrow.”
ACORN would like the Republican presidential nominee to change his position but the McCain campaign has already made it clear that is not going to happen.
While giving bankruptcy judges the power to rewrite mortgage terms would keep more Americans in their homes, opponents of the idea worry that it could scare investors away from wanting to securitize mortgages for fear that their steady payment schedule could be disrupted by a bankruptcy judge.
“A better approach would reflect the HOME Plan which John McCain proposed in April, which would have allowed credit worthy mortgage holders to rework their troubled mortgages,” said Rogers, the McCain spokesman. “A component of the FHA insured proposal included a work-out formula that provided the homeowner with a 10 percent equity stake.”
This is quite humorous. I love how true it is to how she came off in the debate. It’s amazing how she could talk so much without anything to say. I really wish follow up questions were allowed, because once she’s done with her script she has nothing to stand on. She has no thoughts of her own and can only spew out talking points.
Sarah Palin in all her wisdom decided to, not only lie about what Gen. David McKiernan said, she called him General McClellan. Oops. Guess they didn’t cover the names good enough during rehearsal…. errr. debate prep.
Biden: “The notion that somehow because I’m a man I don’t know what it’s like to raise two kids alone”
Biden knocks out Palin’s hockey mom routine with that line. Watch the video.
During last night’s debates, while McCain was getting hammered by Obama on the Prime Minister of Spain debacle, you can hear McCain clearly say “horseshit” twice. This guy is supposed to be a leader? When someone calls you out because of what you actually did say, you respond with obscenities? On live TV no less. I wonder if the FCC is going to fine McCain. I urge everyone who was watching to contact the FCC and let them know you are not happy with the use of obscenities on the air, in a presidential debate.
Here is the video. It happens at about 4:30.