Greenspan: Oops! Regulation is Good
Alan Greenspan: So yeah, that whole assuming regulations were bad for the markets thing didn’t pan out.
Alan Greenspan: So yeah, that whole assuming regulations were bad for the markets thing didn’t pan out.
GOP Leader Boehner said the lack of GOP votes was Pelosi’s fault. Give me a break. Democratic Representative Barry Frank retorted: “Because someone hurt their feelings they’ll punish the country.”
Republicans defeated the bailout bill 2 to 1, failing to corral their party to back a bill they assert is imperative.
I thought this guy was all about less government? Um, the Pres. can’t fire the SEC Chairman, dingledork.
Bush Admin: Bailout should be for corporations, not families. Sigh. Is it January 20th, 2009 yet?
Palin is either lying or ignorant; both bad
Republican vice presidential nominee Sarah Palin evidentaly doesn’t understand the basic fundamentals on loan giants Fannie Mae and Freddie Mac. Or she is lying to you.
Speaking at a rally on Sept. 6, 2008, Palin said Fannie Mae and Freddie Mac had “gotten too big and too expensive to the taxpayers.” McCain even clapped at it.
Sigh.
Fannie and Freddie aren’t taxpayer funded, they’re operated as private companies.
[flv]http://garlinggauge.com/videos/palinconfused.flv[/flv]
(@ time 0:50)
You would think someone up for the vice presidency would have at least the vaguest idea of what they do, especially now that they have been taken over by the government. If she does understand how the loan giants work, the VP nominee of the Republican party is deliberately lying to voters as a ploy to play on anti-tax sentiment.
Jake Tapper of ABC News asked the McCain-Palin campaign for an explanation of Palin’s confusing remarks:
Its response was to send an e-mail from domestic policy adviser Doug Holtz-Eakin:
“John McCain supports the steps needed to keep the financial troubles at Fannie Mae and Freddie Mac from further squeezing American families, and endorses the idea that management and shareholders should not benefit from government backing,” Holz-Eakin said. “While details are not yet available, the actions taken today are consistent with those objectives. Fannie and Freddie have been the poster children for a lack of transparency and accountability, and remind us of the needed reforms to financial markets in general. We need to create jobs and get the economy going — and get way from the practice of sticking Main Street Americans with these bills. If elected, John McCain will continue his crusade for the right reform of the institutions. Sen. McCain will get real regulation that limits their ability to borrow, shrinks their size until they are no longer a threat to our economy, and privatizes and eliminates their links to the government.”
Um, that doesn’t even begin to explain what Palin said. The McCain/Palin campaign refuses to even say she misspoke!
The point is that Gov. Palin either doesn’t know what she’s talking about or she is flat out lying to you.
And for a person seeking the office of the vice president of the United States, that is terribly troubling. We’ve had enough lying from the government over the last eight years, and we certainly don’t need another person in the White House that doesn’t get it.
Not surprising, she doesn’t know what the VP does either:.
[flv]http://garlinggauge.com/videos/palinvp.flv[/flv]
Sigh.
Image: http://politicalkudzu.com/wp-content/uploads/2008/02/sarah-palin-1.jpg
Sarah Palin Crosses Decapitation Threshold
Sarah Palin ‘Surprise’ to CNN as McCain’s VeepMore on Sarah Palin
Mark Sanford, possible VP, draws a blank when describing differences in Bush and McCain economics.
Newsweek’s Stumper blog outlines four myths about the immensely magical campaign money man.
Adding to the list of harm the Bush administration wrought, the Dollar continues to fall. Thanks Mr. Bush.
Yes they’re bastards. Yes they’re money-grubbing Republicans. But hating America, oh my!
