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Old 09-24-2008, 04:28 PM   #261
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Both sides of FYM are overreacting to this. Delay the debate...so what. Try and help fix this mess and then get on with it. It's not like the debate is cancelled, just delayed by a week or so.
But that's the thing. McCain knows squat about the economy, and personally, he's not going to do a damn thing. Let people who actually know what they're doing fix it. It's nothing but political posturing.
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Old 09-24-2008, 04:30 PM   #262
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Irvine, please.

We'll have a DEPRESSION by MONDAY.

Unemployment will more than double. We have to act now and ask questions later. Like in Iraq.
I think Henry Paulson and Ben Bernanke said that action needed to be taken this week and no later. There is urgent need to take action and it appears congress is dragging its feat. It would be unwise to repeat the mistakes made nearly 80 years ago.
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Old 09-24-2008, 04:31 PM   #263
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this is what Kool-Aid tastes like:

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Obama: Tick, Tick, Tick
Posted by: Duane R. Patterson at 3:45 PM
It's not that hard of a call to make, actually. John McCain notified the Obama campaign earlier this morning of his intention to suspend the campaign, postpone the debate Friday night, and return to Washington to work for the American people in an attempt to head off the financial crisis. Senator McCain made his comments public over an hour ago. Where is Barack Obama's statement? MSM's Obama campaign reporters are relaying that a response is coming, but that Senator Obama is still formulating his answer.

Leadership matters, and Obama's reaction today isn't leadership. John McCain said several times in his acceptance speech in St. Paul that country comes first. He showed that again today. What has Obama demonstrated other than inaction and political calculation today?

UPDATE: Unbelievable - Obama statement, almost two hours later than McCain, nothing about postponing debate, trying to take credit for the idea and first call of whatever joint statement is made. Follow up questions are answered by Obama nuancing who called who and when. Very petty and irrelevant. When the two did talk, McCain outlined what his campaign was going to do, and Obama dithered for two hours to try and downplay McCain's leadership.

Whatever bailout plan gets implemented, if there is one, either Senator McCain or Senator Obama is going to have to deal with the results of it. Both are sitting U.S. Senators, and have the ability to help craft and negotiate the language of the bill. Obama would have you believe that it's important , but not enough so of a crisis for him to have to go to Washington and actually serve in his current role as Senator. John McCain recognizes the magnitude of the crisis, and wants to actually do what he can to improve the language.

Obama - Demagoguery I Hope You Will Believe In.

McCain - Country First.
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Old 09-24-2008, 04:31 PM   #264
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I think Henry Paulson and Ben Bernanke said that action needed to be taken this week and no later. There is urgent need to take action and it appears congress is dragging its feat. It would be unwise to repeat the mistakes made nearly 80 years ago.


yes, let's suspend democracy.

we suspended the Constitution when we realized we had to go fight all terrorists everywhere. why should this be any different?
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Old 09-24-2008, 04:34 PM   #265
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But that's the thing. McCain knows squat about the economy, and personally, he's not going to do a damn thing. Let people who actually know what they're doing fix it. It's nothing but political posturing.
If Obama is smart he'll immediatley join McCain in Washington. If the two of them broker some kind of a deal then polls remain unchanged. If Obama listens to some of his dumber advisors and doesn't stop campaigning for a few days he'll be seen as not caring and McCain's numbers will skyrocket. Of coarse this is a big game...it's politics. I'm just worried Obama may take the wrong advice from some of his advisors. I think he's smarter than that though. Hopefully.
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Old 09-24-2008, 04:35 PM   #266
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I think Henry Paulson and Ben Bernanke said that action needed to be taken this week and no later.
Why?

So they can pass a bill without oversight that gives Paulson unfettered discretion?

Do you realize that the economists are split between those who universally think the bill is bad and those who don't think there should be a bill in the first place?

Why do you trust Paulson and Bernanke? Can you explain to me what will happen if the bill isn't passed this week? We'll all catch on fire on Monday? Please.
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Old 09-24-2008, 04:40 PM   #267
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Why?

So they can pass a bill without oversight that gives Paulson unfettered discretion?

Do you realize that the economists are split between those who universally think the bill is bad and those who don't think there should be a bill in the first place?

Why do you trust Paulson and Bernanke? Can you explain to me what will happen if the bill isn't passed this week? We'll all catch on fire on Monday? Please.

Paulson and Bernanke already explained what could happen. Can you explain to me how we would be better off waiting, especially in light of what happened 80 years ago?
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Old 09-24-2008, 04:47 PM   #268
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Paulson and Bernanke already explained what could happen. Can you explain to me how we would be better off waiting, especially in light of what happened 80 years ago?
I don't find anything they're saying believable.

I also have not read a single economist comment on how the world will end if this bill isn't signed tomorrow. The vast majority of them are imploring the opposite in fact.

And I am not saying you should wait and do nothing - get a bill that works! (If one is passed at all which seems like the most likely outcome) Why would you want to bail out foreign financial institutions? Why would you want to give unfettered discretion to Paulson who bears a large part of the responsibility here? Why is nobody questioning the ban on shorting?

Suddenly the Americans have so little faith in the market that they believe it will collapse this weekend like Cinderella at midnight? This is fearmongering at its worst. Yes, this financial crisis is real and it is serious, but the worst thing would be to amplify it even further by passing a terrible bill that doesn't work.

Follow the money here - they're moving theoretical money around in a circle with few guarantees that it will work. Why on earth would you trust them to get it right? A few extra days will hurt NOTHING.
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Old 09-24-2008, 04:49 PM   #269
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Originally Posted by Maoilbheannacht View Post
I think Henry Paulson and Ben Bernanke said that action needed to be taken this week and no later. There is urgent need to take action and it appears congress is dragging its feat. It would be unwise to repeat the mistakes made nearly 80 years ago.
Could be.
In the meanwhile, the private sector is also taking action.
My Way News - Buffett's Berkshire betting $5 billion on Goldman
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Warren Buffett, one of the world's best known and wealthiest investors, is betting $5 billion that the U.S. financial system is not about to collapse.

Buffett's Berkshire Hathaway Inc. (BRKA) said Tuesday it will invest at least $5 billion in Goldman Sachs Group Inc. (GS), a huge vote of confidence for one of the survivors of the credit crisis that felled two of its investment banking peers.
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Old 09-24-2008, 04:55 PM   #270
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A few extra days will hurt NOTHING.
The market has already been hurt with all this foot dragging. How long do you think they have to come up with the best bill possible?
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Old 09-24-2008, 05:00 PM   #271
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Even that idiot Lou Dobbs is imploring that no Bill is passed on Monday since that would not provide sufficient time to get it right!

Meanwhile, the first poll is out after McCain's stunt - seems the public isn't buying it. Shocking.

Quote:
SurveyUSA. 9/24. Adults. MoE 3.2% (No trend lines)

The first debate between John McCain and Barack Obama is scheduled to take place in two days. Should the debate be held as scheduled? Should the debate be held, but the format changed to focus on the economy? Or, should the debate be postponed?

Hold as scheduled 50
Hold with focus on economy 36
Postpone 10


Is the right response to the turmoil on Wall Street to suspend the campaigns for president? To continue the campaigns as though there is no crisis? Or, to re-focus the campaigns with a unique emphasis on the turmoil on Wall Street?

Suspend 14
Continue 31
Refocus the campaign 48


If Friday's presidential debate does not take place, would that be good for America? Bad for America? Or would it make no difference?

Good for America 14
Bad for America 46
No difference 35
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Old 09-24-2008, 05:24 PM   #272
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I can't understand why people are against suspending the debate and putting the campaigns on hold. Isn't action better than talk? Let Obama and McCain try to help the country instead of them just talking about doing that. Then again Obama never did anything meaningful in congress so it is of no surprise that he is against this.
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Old 09-24-2008, 05:26 PM   #273
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Somehow I imagine if it was Obama who had decided to suspend his campaign and go back to his real job in a time of economic crisis, people here would have praised the move and called Obama an American tapestry of hope and love or whatever.

Maybe I'm wrong though.
I think the key to this being wrong is that Obama wouldn't do something like that.
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Old 09-24-2008, 05:26 PM   #274
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Breaking news - McCain wants to postpone the VP debate (indefinitely at this point - no new date proposed) and hold the Presidential debate next Thursday in its place.



In other news, Palin is erecting a Berlin Wall around herself.
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Old 09-24-2008, 05:28 PM   #275
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If Obama had proposed this instead of McCain, he'd immediately have been pounded for being either A) a feeble, wussy yellowbelly trying to exploit the financial crisis to buy time for a floundering campaign, or B) an unbelievably arrogant fathead under the delusion that he and he alone can fix the crisis, or both.
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Old 09-24-2008, 05:32 PM   #276
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Postponing the debate is an idiotic idea. If there's ever a time where the American people need to hear what each of the candidates think and what their future plans are re: the economy, it's now.
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Old 09-24-2008, 05:32 PM   #277
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I can't understand why people are against suspending the debate and putting the campaigns on hold. Isn't action better than talk? Let Obama and McCain try to help the country instead of them just talking about doing that. Then again Obama never did anything meaningful in congress so it is of no surprise that he is against this.
No kidding. Why does this have everyone in a huff. It's one debate and it's not CANCELLED just DELAYED. Get over it people. Do you really think McCain was afraid to debate Obama on FOREIGN POLICY??? I think not. Sure, this is a political move, but if the Dems don't settle down on this one it will likely backfire and in a week from now McCain will look like the hero. Obama was obviously not as smart as I was hoping. He should of agreed to suspend his campaign as well and joined McCain in Washington. Something tells me that despite these polls McCain's going to come out of this looking like the better candidate. This election just keeps getting stranger and stranger.
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Old 09-24-2008, 05:32 PM   #278
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Breaking news - McCain wants to postpone the VP debate (indefinitely at this point - no new date proposed) and hold the Presidential debate next Thursday in its place.



In other news, Palin is erecting a Berlin Wall around herself.





























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Postponing the debate is an idiotic idea. If there's ever a time where the American people need to hear what each of the candidates think and what their future plans are re: the economy, it's now.
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Old 09-24-2008, 05:35 PM   #279
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I can't understand why people are against suspending the debate and putting the campaigns on hold. Isn't action better than talk? Let Obama and McCain try to help the country instead of them just talking about doing that. Then again Obama never did anything meaningful in congress so it is of no surprise that he is against this.
Oh come on.

Neither one of them would likely add anything to the debate. The entire rest of congress is there, the absence or presence of these two isn't going to make that much of a difference.

And McCain isn't doing this because he thinks it's the right thing to do. He's doing this so that when Obama says no he can run ad saying 'oooh loook, John McCain wanted to help fix the financial crisis(that his beloved deregulation philosophy played a big part in) and Obama said no, who do YOU trust' etc etc. Period. Obama should stick to his guns and trust that there aren't enough people dumb enough to fall for an ad like that to make any kind of difference in numbers.
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Old 09-24-2008, 05:35 PM   #280
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Sarah Palin can debate on November 5th.



Obama should call their bluff and volunteer to switch the debates. Palin and her vast experience can debate Biden on Friday.
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