I took the weekend without any news to really think over the debates. My initial opinion was McCain did well, but as time went on and I was able to think over the entire debate my opinion has changed. I've to see credible polls. I expect they will come soon.
I did watch a little news right after the debate. On Fox it was a split decision 2 for McCain and 2 for Obama. So I switched to CNN and MSNBC. On MSN they were saying McCain belittled Obama and was arrogant. Sure McCain was in every country Obama talked about, but I don't think that is arrogant. So I changed to CNN. They were doing fact verification. The first one sided with McCain. The second topic sided with McCain, but the presenter still used Obama's talking points to support Obama as being right. I turned it off and waited.
So where do I think McCain went wrong.
I don't think he was prepared for an economic debate at a Foreign policy debate. It was put in there as part of globalization or some farce of story. I believe this was specifically done to help Obama in an area is was weak by changing the topic of the debate. As underhanded as that was McCain did not do well.
He focused on ear marks and Obama hammered him. Where John didn't go, but should have was Energy Independence. It will create jobs and reduce prices which are great for the economy. Its an economic vision for the future and he clearly beats Obama on this issue - people support it in large numbers. But McCain dropped the ball.
He could also tie this to Foreign policy and America's security, which are topics that he is strong in. It would have brought it all together. A coup would have been to say he supports drilling in Alaska! But he didn't. His energy policy statement was weak and short lived. It didn't really sound different from Obama.
So at best he held is own at the beginning. At the end he clearly won. He was expected to win that section so it has no benefit in the polls. Garrison and Rush said made some fun of this statement that winning when you are expected to win doesn't help. Well it doesn't hurt but it doesn't help. Polls already have built in that McCain will win the Foreign Policy debate. So you don't get a change. You could get some change if Obama made a major mistake in that area. Otherwise, it met there expectations, already in the polls. For everyone hoping that McCain would go for it, I don't think they saw it.
When it does come to the economy debate, McCain needs to get his message down and Energy is all he has.
BTW - The top 9 fastest growing companies in America were all energy related. Even in a down economy. Leverage that to create more jobs in energy and get people working in good paying jobs. Keep oil revenues in America while taking it from people who hate us. Seems so simple.
Tuesday, September 30, 2008
Back to the bailout: Updated
Who is the bailout really for? When you watch the global markets you can see evidence of what I am saying in prior posts. The world markets are shaken at the idea of no bailout agreement. Why? Because they benefit from the bailout and they are hurt from no bailout. I think the President and the Congress have done a poor job explaining how this helps the American tax payer. It helps a lot of other countries who have invested in American assets. But that is the risk they took. We are still bailing out rich people and main street expense.
Wizbang has a good article on another way to spend the 700 billion. Pay off 50% of the outstanding mortgages in America! That would help consumers.
What about waving the bank penalties for missed payments until loans could be restructured. I see rates for 30 year mortgages at 6%. Historically still low. It would have to be cheaper for the Fed to pay closing costs on revised plans even if they pay a point than the 700 Billion they are talking about now. And if they say $700B, its a Trillion.
The Fed could lower rates to provide an incentive to lenders. It could help restructure loans through rates as well.
The activity is more about politics than helping Americans - or even American Taxpayers. Realizing and being respectful that they are not the same group of people.
Extremely disturbing is that Dodd is not forcibly removed from being involved at all, that he doesn't have the ethical backbone to remove himself for conflict of interest.
McCain touches on the issue in this ad:
I've posted before that he received the most money from F&F with a link below to the stats, Obama was number 2. Dodd messed it up and now we let him sit in there to help fix it, or is just covering up what he did wrong?
Update: On CNN - No way. Economist explanation of why the bailout is bad:
http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html
Wizbang has a good article on another way to spend the 700 billion. Pay off 50% of the outstanding mortgages in America! That would help consumers.
What about waving the bank penalties for missed payments until loans could be restructured. I see rates for 30 year mortgages at 6%. Historically still low. It would have to be cheaper for the Fed to pay closing costs on revised plans even if they pay a point than the 700 Billion they are talking about now. And if they say $700B, its a Trillion.
The Fed could lower rates to provide an incentive to lenders. It could help restructure loans through rates as well.
The activity is more about politics than helping Americans - or even American Taxpayers. Realizing and being respectful that they are not the same group of people.
Extremely disturbing is that Dodd is not forcibly removed from being involved at all, that he doesn't have the ethical backbone to remove himself for conflict of interest.
McCain touches on the issue in this ad:
I've posted before that he received the most money from F&F with a link below to the stats, Obama was number 2. Dodd messed it up and now we let him sit in there to help fix it, or is just covering up what he did wrong?
Update: On CNN - No way. Economist explanation of why the bailout is bad:
http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html
Pelosi - idiot or brilliant?
There was just too much news to comment on and of instead of a long post, I think its enough to say that Pelosi is an idiot.
She needs to go. She insulted Republicans in a cheap shot before the vote, then couldn't pull the votes from her own party. Over 90 voted against her. Then she blamed Republicans for being handful of votes short.
What more can you say about that. Idiot.
Or
She's brilliant - Because she canned it, and stuck Republicans with the blame.
She needs to go. She insulted Republicans in a cheap shot before the vote, then couldn't pull the votes from her own party. Over 90 voted against her. Then she blamed Republicans for being handful of votes short.
What more can you say about that. Idiot.
Or
She's brilliant - Because she canned it, and stuck Republicans with the blame.
Thursday, September 25, 2008
McCain required for Bail Out - Who's important now
The fact that Democratics have said they won't sign a bill without McCain's approval or his vote proves McCain's leadership. McCain came out with his plan first. Obama had to follow with his plan. So Obama's plan could only be reviewed in light and comparison to the already existing McCain plan. Note that people still think Obama would be better for the economy, yet he shows no leadership.
Sick is Dodd out talking about how it was the administration's fault, while Bush and McCain tried to add over site while Dodd was taking Bribes to kill the legislation.
Bush proposed legislation in 2003, Dems shot it down. 2005 McCain proposed legislation and Dodd personally killed it. That needs to be on TV.
Sick is Dodd out talking about how it was the administration's fault, while Bush and McCain tried to add over site while Dodd was taking Bribes to kill the legislation.
Bush proposed legislation in 2003, Dems shot it down. 2005 McCain proposed legislation and Dodd personally killed it. That needs to be on TV.
Dodd says taxpayer getting helped out by the bail out
Is that guy crazy? How are we the tax payer getting 'helped out' by the government taking 700 Billion of our dollars and giving it to someone else. If I buy you dinner, do you say your helping me out, because you let me spend my money on your dinner??
That is crazy. We aren't getting 'helped out' we are footing the bill!
The list everyone should see:
List of who got the money
Looks like the price to buy Dodd was $165,000 and now its costing us 1 Billion. I heard that 700 number but really its the government, round up.
That is crazy. We aren't getting 'helped out' we are footing the bill!
The list everyone should see:
List of who got the money
Looks like the price to buy Dodd was $165,000 and now its costing us 1 Billion. I heard that 700 number but really its the government, round up.
McCain still a stand up guy
How does he do it? McCain got bashed by the Clinton campaign and he shows up to see Bill in person, while Obama does the telecast. I never really appreciated McCain crossing the aisle like he does. It always seems like he gets taken advantage of, or used as a patsy. In this case he seems to gone out of his to do more than his competitor and shown himself as a leader above politics - or at least capable of it.
Bush gains a point??
This was interesting:
http://www.rasmussenreports.com/public_content/politics/political_updates/president_bush_job_approval
Who would have thought Bush could gain a point in approval with the economy tanking. Goes to show you that with horrid performance of Democratics on the Hill, they can make Bush look good.
Congressional approval is on the rise too. This is very interesting. Using real clear politics, congress had it a low 15% approval in recent polls but has climbed up to 18%.
Now I'm just saying. If my co-workers game me a 185 job approval rating, I think I'd be fired. Why can we fire these guys? Or at least not let them run again. Who keeps voting for these bums?
http://www.rasmussenreports.com/public_content/politics/political_updates/president_bush_job_approval
Who would have thought Bush could gain a point in approval with the economy tanking. Goes to show you that with horrid performance of Democratics on the Hill, they can make Bush look good.
Congressional approval is on the rise too. This is very interesting. Using real clear politics, congress had it a low 15% approval in recent polls but has climbed up to 18%.
Now I'm just saying. If my co-workers game me a 185 job approval rating, I think I'd be fired. Why can we fire these guys? Or at least not let them run again. Who keeps voting for these bums?
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