McCain seeks debate delay
- Thread starter MadJack
- Start date
Would have liked to seen debate as Mac holds all the cards--
Could have made it short and sweet--by example and not rhetoric with 3 basic points
Point 1
While you get nothing but rhetoric from O/Dems I did forsee this coming and co-sponserded a bill that would have provented it in 2006--
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
http://www.govtrack.us/congress/rec...x002Fmcrmx002Fms20060525-16.xmlElementm0m0m0m
"Sen. John McCain [R-AZ]: Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator's examination of the company's accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.
I urge my colleagues to support swift action on this GSE reform legislation
Point 2
This legislation was blocked by the Dems before it could come to vote--and since O has record of voting with party 99.9% of time we can guess what his stance would have been.
Point 3
why did they vote against it?
Take a guess--top 4 recipents of Fannie Mae contributions--
Top 4 Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008
Name Office Party/State Total
1. Dodd, Christopher J S D-CT $133,900
2. Kerry, John S D-MA $111,000
3. Obama, Barack S D-IL $105,849
4. Clinton, Hillary S D-NY $75,550
:0corn
+++++++++++++++++++++++++++
This should end this discussion or at least get topic changed
Could have made it short and sweet--by example and not rhetoric with 3 basic points
Point 1
While you get nothing but rhetoric from O/Dems I did forsee this coming and co-sponserded a bill that would have provented it in 2006--
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
http://www.govtrack.us/congress/rec...x002Fmcrmx002Fms20060525-16.xmlElementm0m0m0m
"Sen. John McCain [R-AZ]: Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator's examination of the company's accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.
I urge my colleagues to support swift action on this GSE reform legislation
Point 2
This legislation was blocked by the Dems before it could come to vote--and since O has record of voting with party 99.9% of time we can guess what his stance would have been.
Point 3
why did they vote against it?
Take a guess--top 4 recipents of Fannie Mae contributions--
Top 4 Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008
Name Office Party/State Total
1. Dodd, Christopher J S D-CT $133,900
2. Kerry, John S D-MA $111,000
3. Obama, Barack S D-IL $105,849
4. Clinton, Hillary S D-NY $75,550
:0corn
+++++++++++++++++++++++++++
This should end this discussion or at least get topic changed
- Jun 11, 2007
- 4,564
- 3
- 0
Would have liked to seen debate as Mac holds all the cards--
Could have made it short and sweet--by example and not rhetoric with 3 basic points
Point 1
While you get nothing but rhetoric from O/Dems I did forsee this coming and co-sponserded a bill that would have provented it in 2006--
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
http://www.govtrack.us/congress/rec...x002Fmcrmx002Fms20060525-16.xmlElementm0m0m0m
"Sen. John McCain [R-AZ]: Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator's examination of the company's accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.
I urge my colleagues to support swift action on this GSE reform legislation
Point 2
This legislation was blocked by the Dems before it could come to vote--and since O has record of voting with party 99.9% of time we can guess what his stance would have been.
Point 3
why did they vote against it?
Take a guess--top 4 recipents of Fannie Mae contributions--
Top 4 Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008
Name Office Party/State Total
1. Dodd, Christopher J S D-CT $133,900
2. Kerry, John S D-MA $111,000
3. Obama, Barack S D-IL $105,849
4. Clinton, Hillary S D-NY $75,550
:0corn
+++++++++++++++++++++++++++
This should end this discussion or at least get topic changed
Thats all well and good but the debate at Han that has been postponed or delayed at old johns attempt wasn't about the economics that republicans or democrats thrust the nation into hut about foreign affairs, and btw how is it that Sarin "hockey mom" Palin couldn't carry on with the campaign? There's been a number of times when the nation had a situation or "crisis" as they like to call it to throw the nation into ANOTHER orange alert panick and they still seemed to be able to debate and go along with campaigns isn't Sarah trustworthy to do a good job for sugar daddy john or is he so controlling they can't do anything without him and his 2cents as he seems to **** up whatever attempts he tries Dupe the nation into going for the same old tricks.
their thinking we need a time out.... let me show my love of country & concern.... I'd would rather lose an election and win a war... same old bull shit.... you have it right...THE POLLS CALL FOR A TIME OUT !!!
Got me there Wease....
That looked like a play out of the book "Wisdom of Bush"
Maybe there is no hope for the electorate from here on out.
Time to learn Mandarin?
Wayne, if you think that McCain holds all the cards in the upcoming debate (s), and that he supposedly kicked Obama's butt in the last head to head - then why exactly do you think he would come up with the idea to postpone the debate this week? Do you really think he all of a sudden - after missing more time than any other senator, and considering he is on non of the committees or finance discussion groups working on the current situation - thinks it's important to avoid a debate and get involved in something he has nothing personal to add to? Cause the Republicans that have always disliked him need him now to fix a problem that probably requires oversight and regulation, considering he has always railed against those things - and campaigns against them?
And the rescheduled idea for the new debate would be in place of the V.P. debate?
Thank gosh 'ol John is looking out for us for all the right reasons...
And the rescheduled idea for the new debate would be in place of the V.P. debate?
Thank gosh 'ol John is looking out for us for all the right reasons...
If I was Obama I would ask John. John should we handle this like Keating scandal. Deregulation was a killer. And Old John was number one ring leader until yesterday. End of debate.
Wayne, if you think that McCain holds all the cards in the upcoming debate (s), and that he supposedly kicked Obama's butt in the last head to head - then why exactly do you think he would come up with the idea to postpone the debate this week? Do you really think he all of a sudden - after missing more time than any other senator, and considering he is on non of the committees or finance discussion groups working on the current situation - thinks it's important to avoid a debate and get involved in something he has nothing personal to add to? Cause the Republicans that have always disliked him need him now to fix a problem that probably requires oversight and regulation, considering he has always railed against those things - and campaigns against them?
And the rescheduled idea for the new debate would be in place of the V.P. debate?
Thank gosh 'ol John is looking out for us for all the right reasons...
Maybe he's concerned about financial situation or maybe political ploy--:shrug:
Now your turn--You must have missed "part" of my post
Why did obama say during primary campaign he would hold town hall meetings with Mac anyplace and any time--then back out like sandcrab after intial meeting?
"WASHINGTON ? Democratic presidential candidate Barack Obama on Friday rejected Republican rival John McCain's proposal for 10 joint town hall meetings, offering instead to have just one July 4.
Obama campaign manager David Plouffe said he offered to meet McCain in five joint appearances between now and the Nov. 4 election. But only one of those was a town hall meeting, plus three traditional debates and an in-depth debate on foreign policy.
The McCain campaign said Obama's offer was to hold the single town hall on Independence Day ? which likely would result in less attention while Americans are on holiday. McCain told reporters traveling with him in New Jersey that it was "a very disappointing response."
COURIC: Explain to me why that enhances your foreign policy credentials.
PALIN: Well, it certainly does because our-- our next door neighbors are foreign countries. They're in the state that I am the executive of. And there in Russia?
COURIC: Have you ever been involved with any negotiations, for example, with the Russians?
PALIN: We have trade missions back and forth. We-- we do-- it's very important when you consider even national security issues with Russia as Putin rears his head and comes into the air space of the United States of America, where-- where do they go? It's Alaska. It's just right over the border. It is-- from Alaska that we send those out to make sure that an eye is being kept on this very powerful nation, Russia, because they are right there. They are right next to-- to our state.
...........................................................
:142smilie :142smilie
No wonder McCain wants to cancel the VP debate
:mj07: :142smilie :mj07:
yeh she keeps a eye on that very powerful nation.
:142smilie :142smilie
PALIN: Well, it certainly does because our-- our next door neighbors are foreign countries. They're in the state that I am the executive of. And there in Russia?
COURIC: Have you ever been involved with any negotiations, for example, with the Russians?
PALIN: We have trade missions back and forth. We-- we do-- it's very important when you consider even national security issues with Russia as Putin rears his head and comes into the air space of the United States of America, where-- where do they go? It's Alaska. It's just right over the border. It is-- from Alaska that we send those out to make sure that an eye is being kept on this very powerful nation, Russia, because they are right there. They are right next to-- to our state.
...........................................................
:142smilie :142smilie
No wonder McCain wants to cancel the VP debate
:mj07: :142smilie :mj07:
yeh she keeps a eye on that very powerful nation.
:142smilie :142smilie
M J he does not need to delay. So far he spent hour and a half in a mtging. From folks in that mtging hs said little. And was no help. This comes from both parties. So know one has any idea what was so urgent.
The Senate does not need either candidate right now as their presence would be a huge distraction and take away from the task at hand. McCain is foolish if he believes that he can make a difference in this matter but I doubt that he really does. I applaud Bush's decision to bring both candidates to the White House today to participate in the discussion but we don't need the two of them grandstanding on the Senate floor.
Maybe he's concerned about financial situation or maybe political ploy--:shrug:
Now your turn--You must have missed "part" of my post
Why did obama say during primary campaign he would hold town hall meetings with Mac anyplace and any time--then back out like sandcrab after intial meeting?
"WASHINGTON ? Democratic presidential candidate Barack Obama on Friday rejected Republican rival John McCain's proposal for 10 joint town hall meetings, offering instead to have just one July 4.
Obama campaign manager David Plouffe said he offered to meet McCain in five joint appearances between now and the Nov. 4 election. But only one of those was a town hall meeting, plus three traditional debates and an in-depth debate on foreign policy.
The McCain campaign said Obama's offer was to hold the single town hall on Independence Day ? which likely would result in less attention while Americans are on holiday. McCain told reporters traveling with him in New Jersey that it was "a very disappointing response."
I have to be honest with you on this, I know very little about the town hall meeting they had (didn't see it, nor read anything about it) and what happened there. I do plan to get educated on it before commenting more about it. Until then, this is what I know...
I don't remember Obama's exact quote about "any time, any place" - it probably happened, and if so, it sounds like an off the cuff political comment that nobody would ever be held to in a political race. So, a candidate would be expected to plan around his/her opponents desires and schedule-making? The point you are making is definitely possible, that he didn't do well in the format, but I find that a little hard to believe. Again, will look into it. One thing I do know for certain is that there is a debate tonight, that McCain - without a doubt to anyone with any objectivity (for the reasons I mentioned above) - tried to postpone for political gain. And to reschedule it for the exact night that the V.P. debate was going to be held, when Palin is being exposed repeatedly now as an all hockey helmet, no puck candidate, makes it even more of a panic move. The gloss is off the pumpkin, they are dropping in the polls and in public opinion, and he's scrambling for anything to do to score political points - much like the naming of Palin in the first place.
Just what we need in such dire times - insert political posturing and preening into such important legislation. I admire Obama (who actually had put forth 5 pieces of financial legislation in his tenure) for not wanting to clog things up politically, compared to McCain, who sponsored nothing, and is not a part of any of the discussions or planning.
Can't wait for the debate, if McCain shows.
- Jul 6, 2008
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It be fun to see if they are as many as McCain says Change and that he was a POW.
Maybe he's concerned about financial situation or maybe political ploy--:shrug:
Now your turn--You must have missed "part" of my post
Why did obama say during primary campaign he would hold town hall meetings with Mac anyplace and any time--then back out like sandcrab after intial meeting?
"WASHINGTON ? Democratic presidential candidate Barack Obama on Friday rejected Republican rival John McCain's proposal for 10 joint town hall meetings, offering instead to have just one July 4.
Obama campaign manager David Plouffe said he offered to meet McCain in five joint appearances between now and the Nov. 4 election. But only one of those was a town hall meeting, plus three traditional debates and an in-depth debate on foreign policy.
The McCain campaign said Obama's offer was to hold the single town hall on Independence Day ? which likely would result in less attention while Americans are on holiday. McCain told reporters traveling with him in New Jersey that it was "a very disappointing response."
He was playing smart politics. Until McCain nominated the Eskimio Lady Obama had such a big lead he had nothing to gain by debating McCain. Even if McCain came off like a total idiot there was nothing Obama was going to gain in a debate. Of course all that changed once all you guys got your bulges back for the hot little Eskimo.
or Obama --"Bush"
One thing is 100% sure what O won't discuss--same thing as this forum has drawn a "DUH" on since O came on the scene--qualifications or experience--you won't hear what he's done--but what he will do--in general terms--he won't say a word about accomplishments in Illionois--as econmoy is so bad they are 1 of 5 states losing population despite increased poluation elsewhere.
Alls he got in his sack--is 4 more years and what he's going give someone. Feel free to post any contradictions you see in debate.:SIB
