This just another example of McCains distorted view of truth and reality that he has aligned himself as to being so far out of touch on the economy of our nation.
McCain Aide’s Firm Was Paid by Freddie Mac
McCain No Friend to Florida or Senior CitizensSeptember 18, 2008 at 08:23:46 by E. NelsonBack in November of 2007 Republican John McCain said to the Wall Street Journal, "I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues.I still need to be educated."
McCain went on to point out that he was accompanied by his close adviser and former Senate colleague Phil Gramm who was an expert in economic matters.
Phil Gramm would later become McCain's top economic advisor and only a few months ago said that Americans were suffering from a "mental recession" and that all the economic doom and gloom was really just in our heads and that we had become a nation of whiners.
My comment:
Now that McCain has defined just what aspects of our economy are strong being the people that where just suffering from a mental recession and whining about it.The Reality can no longer be covered or being promoted as just needing psychological fix.
McCain acknowledged as much in late June when, after saying that drilling would have a positive effect on prices in the short term, he backtracked and said he believed it would have a beneficial "psychological impact."
Despite this obvious gaffe, Phil Gramm has been instrumental in helping McCain craft his economic policy which most outside economists say is nothing more than a continuation of the current Bush policies.Unfortunately our senior citizens in Florida and throughout the country for that matter are dependent on a president who can change the current course that we are on before we plunge our economy off a cliff.Sadly many of these senior citizens lived through the "Great Depression" of the late 1920's as children and probably thought they would never have to live through something like that again.
By continuing the devastating economic policies of the Bush administration McCain's lack of understanding of the basic "fundamental" problems with the current economy will continue to strip seniors of their precious retirement savings.
Couple this with the continued deregulation and privatization of our healthcare system that is also in crisis and the growing population of senior citizens in Florida will be faced with the catastrophic combination of skyrocketing health care costs and an ever shrinking wallet and retirement account.In just the first three days of this week the Dow Jones component of the stock market has compiled a cumulative loss of 812 points and an evaporation of $1.12 trillion in shareholder wealth and retirement savings.
This month when the stock market plunged 504 points, the largest loss since the 9/11 attacks, McCain said in a stump speech in Jacksonville, Florida that the economy was "fundamentally strong".
Even Alan Greenspan, former head of the Federal Reserve, said this past weekend that the United States economy is in no condition to finance McCain's tax cut plan with borrowed money.Alan Greenspan went on to say that the current economic crisis is a "once in a century" event requiring the utmost care and attention to reverse the current course.
It's no secret that McCain's economic advisor Phil Gramm is a strong advocate for deregulation of the financial industry.As a senator Phil Gramm was the chief architect of the Gramm-Leach-Bliley Act which repealed much of the Glass - Steagall act of 1933.
The Glass - Steagall act was put into place after the "Great Depression" to establish the Federal Deposit Insurance Corporation (FDIC) and to provide regulations designed to control dangerous speculation within the banking industry.
Most everyone is familiar with the FDIC which is a federal guarantee program that insures deposits up to $100,000 per account if a bank fails.Thankfully the FDIC was not also repealed. However, with the current U.S. deficit now over $9.6 trillion, if a nationwide failure of banks occurred there is some doubt as to whether the federal government would have the collateral to uphold all the FDIC guarantees.
As Senator Harry Reid said yesterday no one really knows for sure what will happen and "we are in new territory, this is a different game".Sadly, McCain is no stranger to financial scandals.
Back in the late 1980's Senator McCain received 10's of thousands of dollars in campaign contributions from a man named Charles Keating.McCain and his family vacationed in the Bahamas with Mr. Keating and his family throughout the mid 1980's.
In 1984 Mr. Keating's company American Continental Corporation purchased a bank called Lincoln Savings and Loan. Lincoln Savings and Loan was a type of financial company that had been deregulated in the early 1980s, allowing them to make highly risky investments with their depositors' money.Not so different from what has been happening recently.
When American Continental Corporation went bankrupt because some of the high-risk junk bonds that Lincoln had invested in became worthless, the U.S. government had to seize Lincoln and bail it out with taxpayer dollars totaling $2.8 billion.
This started a domino effect and many other thrifts collapsed, with taxpayers footing nearly $124 billion of the $152.9 billion bailout cost, according to the Federal Deposit Insurance Corp.Many of the 21,000 investors in Lincoln were elderly customers and lost their entire life savings because they did not realize their investments were not federally insured.
Many were left destitute while Keating was bailed out and maintained a lavish lifestyle. Mary MacElveen of OpEdNews just wrote an interesting piece on the McCain - Keating debacle and quipped, "I wonder what has happened to those elderly citizens that lost everything after the collapse of Mr. Keatings Lincoln Savings and Loan."
Republican John McCain along with five other U.S. senators were investigated for their involvment with Keating and the scandal became know as the Keating Five.All of these events call into serious question, McCain's judgement on economic matters.
The vast majority of Americans can convincingly say they are NOT better off now than they were 8 years ago. And to the 95% of Americans that did not reap the benefits from the Bush tax cuts and who have had to live through 300% increases in gas, 50% increases in milk, 42 - 70% increases in prescription drugs, and 74% increases in healthcare premiums [reference], allMcCain can say is stay the course. AARP recently stated that the two biggest concerns for its members and retirees in the coming years are "access to affordable quality health care and lifetime economic security".
By John Conyers
Note To McCain: You Don't Have To Own A House (or Eight) To Vote
Michigan Republicans have indicated that they plan to challenge Michigan voters at the polls using lists of homes that are in foreclosure. While we should not be surprised at any tactic after Florida in 2000 and Ohio in 2004, this is a singular example of how low they will go.It is done in the name of electing John McCain and John McCain should answer for it.
Today, I am calling on McCain to immediately denounce this...Governor Crist defends controversial "No Match, No Vote " law
By WMNF Governor Charlie Crist is defending Florida’s controversial “No Match, no vote” law. Speaking to reporters yesterday (Friday) in Orlando, Crist said “You have to be who you are, in order to vote. It makes sense to me. ...McCain enemy is Crist BFF
By Adam Smith ... supported Pat Buchanan, calling Buchanan a Nazi sympathizer. It was only the latest attack on Wexler by the McCain camp. So it was striking to see Gov. Charlie Crist on Today this morning, once again heaping praise on his buddy, Wexler.John McCain: Straight Talk on Taxes?John McCain: Liiiiiiiiiiaaaaaar (Again) McCain Aide’s Firm Was Paid by Freddie Mac
National Security Archive Stunner
Michael CollinsWashington, DC
The National Security Archive released a report Friday Aug. 22, 2008 that sheds even more light on the premeditated lying and deception that took the United States to war in Iraq.
The findings are based on new evidence compiled by Dr. John Prados and published by the National Security Archive. See "White Paper" Drafted before NIE even Requested , "Scoop" Independent News, Aug. 24, 2008.
Most notably, Prados shows the depth of the deception perpetrated against citizens and Congress regarding the alleged threat to U.S. security posed by Iraq. It had appeared that the White House rewrote the Oct. 1, 2002 National Intelligence Estimate and then issued that doctored report to Congress on Oct. 4, 2002.
Prados reveals convincing evidence that the Oct. 4 White Paper had already been written by July 2002. He shows that it was only slightly altered after the final NIE arrived. This White Paper served as the basis for the war.
The unavoidable conclusion is that the Bush-Cheney White paper "justifying" the invasion was developed a full three months in advance of the intelligence data and analysis that should have served as the basis for that justification.
The National Security Archive summed it up succinctly:
"The U.S. intelligence community buckled sooner in 2002 than previously reported to Bush administration pressure for data justifying an invasion of Iraq,
"The documents suggest that the public relations push for war came before the intelligence analysis, which then conformed to public positions taken by Pentagon and White House officials. For example, a July 2002 draft of the "White Paper" ultimately issued by the CIA in October 2002 actually pre-dated the National Intelligence Estimate that the paper purportedly summarized, but which Congress did not insist on until September 2002."
National Security Archive in "Scoop' Independent News, August 24, 2008.
The seemingly endless war in Iraq has become a total disaster on multiple levels for all involved. The awful toll in human deaths and casualties is largely ignored but real nevertheless. Over 4,000 U.S. soldiers have been lost in battle and tens of thousands injured. In excess of one million Iraqi civilians are dead due to civil strife unleashed by the invasion.
The U.S. Treasury is drained and the steep decline in respect for the United States around the world is just beginning to manifest.
The United States political establishment responds with collective denial on a scale that's incomprehensible.
In the presidential campaign, the only sustained public commentary on the war comes from the Republican presidential candidate John McCain who makes the bizarre claim that U.S. is "surrendering" with victory in clear sight.
McCain touts the surge without noting that 4.0 million Iraqis are "displaced from their homes." Nearly ten percent of Iraq's population is either dead or injured and there are 5.0 million Iraqi orphans.
This pathological view of victory claims the "surge' is a success in the context of a devastated population in an obliterated nation lacking in the most essential supplies and services; a nation where death continues on a shopping spree
My Comment here.
The force of evil in which they speak of was not defeated they just moved back to their base of operation which was and still is the problem.
The report by Dr. Prados makes it clear that the executive branch was responsible for creating whatever information they found necessary to justify war and they did it by posing security threats from Iraq and demanding that intelligence briefers fill in the details
Summary of Findings by Prados, National Security Archive
"A recently declassified draft of the CIA's October 2002 white paper on Iraqi WMD programs demonstrates that that (the White) paper long pre-dated the compilation of the National Intelligence Estimate on Iraqi capabilities.
"Bush administration and the Tony Blair government began acting in concert to build support for an invasion of Iraq two to three months earlier than previously understood.
A comparison of the CIA draft white paper with its publicly released edition shows that all the changes made were in the nature of strengthening its charges against Iraq by inserting additional alarming claims, in the manner of an advocacy, or public relations document.
"The draft and final papers show no evidence of intelligence analysis applied to the information contained." August 22, 2004
One Final Hope to Avoid a Tragic War
Ultimately, the White House had what it wanted by July 2002. When the National Intelligence Estimate arrived from an intimidated intelligence community, there was still one hope of a rational outcome on the rush to war.
The NIE delivered to the White House on Oct. 1, 2002 noted that the one scenario in which Iraq would attack the United States involved a U.S. attack on Iraq that threatened Saddam Hussein's survival.
The following is brutally simple. The one way to cause the hypothesized (and erroneous) claims of Hussein's intent to attack the United States is to go to war and threaten his regime.
Therefore, refraining from war was the best way to protect the United States.
"Baghdad for now appears to be drawing a line short of conducting terrorist attacks with conventional or CBW against the United States, fearing that exposure of Iraqi involvement would provide Washington a stronger cause for making war.
"Iraq probably would attempt clandestine attacks against the U.S. Homeland if Baghdad feared an attack that threatened the survival of the regime were imminent or unavoidable, or possibly for revenge." Key Judgments, National Intelligence Estimate, Oct. 2002
That was deleted entirely. The July White Paper was "complete" and sent to Congress as the evidence justifying the invasion of Iraq.
In the most supreme of ironies, many members of Congress failed to even review the distorted White Paper before voting overwhelmingly to approve the invasion.
http://www.opednews.com/articles/White-Paper-Justifying-Ira-by-Michael-Collins-080825-667.html
My comment here:
The very fact they he's claiming that we saved them from evil by defending their rights even if it kills them is beyond any understanding .
To go one step further is the comment by McCain knowing what he knows now he would have still gone to war. Than in thinking about it Bush did.
Only now calling out he if I’m President of the United States, my friends, if I have to follow him to the gates of Hell, I will get Osama bin Laden and bring him to justice.
I wonder if this would apply to those who brought an nation into war if that seem sense of Justice McCain's putting out would carry as much force protecting us the nation of whiners toward convicting Bush on war crimes . Even after accepting donations raised by Bush.
And only giving plan to bring Bin Laden to justice only if elected.
Is what McCain promoting any less of a deception to the public this pathological view of victory claims the "surge' is a success .
The bizarre claim that U.S. is "surrendering" with victory in clear sight.
How can you win a war that was not declared? And sense undeclared the price of gas could not be controlled.
Nothing from the very start of this war has been in clear sight especially the truth.One thing that we Americans have to do is quit saying that we are in Iraq to defend America. It has nothing to do with patriotism, and it is not unpatriotic to state the obvious truth.
Some intersting links
Fake people for McCain
http://www.thepersonalispolitical.com/2008/09/fake-people-for-mccain.html
Thousands of nursing home residents rebel against perceived institutional bias
More than 8,000 nursing home residents have filed a federal, class-action lawsuit in Florida, claiming they are being forced to live in facilities against their wishes. Plaintiffs accuse the nursing-home lobby of pressuring state lawmakers to make it harder for individuals to receive Medicaid-covered home- and community-based care.
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