These two organizations were havens for democratic machine cronies and good ole boys. Therefore, it should come as no surprise that the Democrats blocked his proposed legistaltion at that time.

It is also no wonder that Barack Obama is the 2nd largest receiver of “financial gifts” from Fannie Mae and Freddie Mac … second only to Christopher Dodd.

That is the democratic answer to financial issues … and we are reaping the benefits of their actions now.

The Republican line of thinking in this situation is *bad*. A major reason why is because the wealthy and the corporations that would receive the tax breaks, are not compelled to invest that new-found money in the US. It is good business sense to invest that money in places that will bring higher returns, and that is *not* the US. You’ll see the money invested in the BRIC countries (Brazil, Russia, India, and China), and other emerging economies and foreign markets.

By stimulating the economy from the bottom-up, by giving more money to the middle and lower classes, the government is essentially guaranteeing that the money will be spent within the US.

So the solution: you have to close that loophole and restore some of the regulations that were eliminated during the Bush administration. That at least stops the bleeding. The next step is to stimulate the economy by infusing money, which is achieved by investing in domestic infrastructure projects, investing in research and development, and so on. Money in the hands of people enables them to save more money with banks, banks get the capital they need and thanks to new regulations, are forced to be more careful with how that money in managed. This is simple economics.

Btw… guess who Mccain’s financial policy advisor is… Phil Graham.

Your entire premise is to take McCain’s words and speculate as to their meaning. Look at his voting record. He sided with the principal operators of the largest savings & loan failure in U.S. history with the Keating scandal.

McCain doesn’t say he will take any specific action against any lender or put sanctions in place to do anything. He says “they shouldn’t” or “let’s encourage them” “pledge to do everything possible”. Classic Repugnican bullshit! Let big business drive the agenda and who gives a shit about the common man.

The system is already transparent and accountable. There are laws in place to prevent what is happening. No corporate accountability is going to take place with a Reep in the White House.

And stop taking statements out of context. Hillary said we couldn’t afford all her ideas. She then went on to say that many of them could be done. That just means she has a lot of ideas. Obama offered a specific plan to deal with this in March of 2007. McCain has no ideas. OJT shouldn’t be a part of being President.

Either he understands it or he doesn’t. At 72, it is too late. He wants to appoint a commission. That is just what we need. Another bureaucracy that will spend months or years and millions of dollars to make recommendations that will sit on someone’s desk.

This is pap! McCain is just as washed up as his party. Old ideas that have failed again and again.