In economic policy speech, McCain says ‘chairman of the FEC’ — not SEC — should resign.
By on Sep 19th, 2008 at 10:25 am
In economic policy speech, McCain says ‘chairman of the FEC’ — not SEC — should resign.
In his speech today on the crisis in the financial markets, Sen. John McCain (R-AZ) referred to the Federal Election Commission (FEC) when he was trying to refer to the Securities and Exchange Commission (SEC):
That’s why I believe that the chairman of the FEC should resign and leave office and be replaced.
Watch it:
McCain slightly amended his statement from yesterday, when he said he would “fire” SEC Chairman Christopher Cox. After it was reported that a “commissioner of an independent regulatory commission cannot be removed by the president,” McCain softened his demand and said he would request the chairman’s resignation.
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Now, now, as Gov. Palin would say, “You’re taking him to task on his verb-idge.”
September 19th, 2008 at 5:42 amBlade Says:
He needs to be on the next season of “Lost”. Absolutely clueless!!! LOL!!!
September 19th, 2008 at 10:30 am
_______
So THAT’s who Jacob is!
September 19th, 2008 at 5:43 amhmmmm….curious that I can post a message before the thread begins! I only thought I was techno-challenged; I’m really a time-traveler!
September 19th, 2008 at 5:44 amThe scary thing is that McCain has been given enough time to be told that the SEC chairman didn’t really have anything to do with this crisis, anyway, but he’s still just lumbering on… I seem to remember another president with this same brand of “resolve” and that didn’t really work out so well.
I would suggest that someone should help the poor guy out, but I happen to be a personal fan of watching things implode.
September 19th, 2008 at 5:46 amThree levels failed for Fannie Mae and Freddie Mac.
1. Management
2. Board
3. Regulators-government oversight
McCain cited two of Obama’s “advisers”, former CEO’s at Fannie. Yet he left off his buddy, Ken Duberstein, a board member of Fannie Mae from 1998 to 2007. Ken helped John run for President in 2000. And McCain sprints from his record as a deregulator. For more go to:
http://stateofthedivision.blogspot.com/2008/09/knowing-mccains-ken-duberstein.html
September 19th, 2008 at 5:49 amWhat we are seeing on a daily basis is not the onset of senile dementia. It is far more advanced than that.
When Palin spoke of the Palin/McCain administration, I’m starting to believe there is far more going on behind the scenes than we can imagine.
I’d love to know who actually picked Princess Wasilla. I’m fairly certain now it wasn’t McStain.
The media needs to press for those medical records now!
PEACE
September 19th, 2008 at 5:49 amTP, what’s going on with the posting system? Noticed it last night and it’s still happening this morning.
Are we in a Time Machine, or have we traveled to a parallel universe?
PEACE
September 19th, 2008 at 5:51 amThe real question is how much longer can the economic meltdown fuel a resurgence in the Democratic candidate. Bush and his cohorts are throwing billions and billions and billions of dollars at the mess (along with several other governments) to calm the markets. The DOW is up another 347 so far today. My guess is that the issue will greatly subside – market looks good and few will realize the tremendous burden of debt placed on themselves and future generations.
September 19th, 2008 at 5:52 amThat’s a whopper of a Freudian slip. ;)
September 19th, 2008 at 5:54 amI love this time travel shit…
September 19th, 2008 at 5:56 amThe real question is how much longer can the economic meltdown fuel a resurgence in the Democratic candidate.
the difference between ‘em, all over the country, is the “margin of error” of whatever poll is asking the questions…
Why, you might ask–in the midst of the biggest, worst, terriblest financial melt-down in the history of the universe in the past 80 years, which is proximally they responsibility of the GOPukes–is not the Dim candidate ahead by double digits?
Gee, I dunno. Mebbe cuz the Dim candidate is not “white”?
September 19th, 2008 at 5:58 amI love it when McNumbnuts talks. He verify’s on a daily basis what he “knows”.
September 19th, 2008 at 10:28 amHe needs to be on the next season of “Lost”. Absolutely clueless!!! LOL!!!
September 19th, 2008 at 10:30 amSo instead of illegally firing the SouthEastConference chairman, he wants to sack the elections supervisor.
Heh.
September 19th, 2008 at 10:32 amUnfortunately, I cannot see the video here at work. Because “F” and “S” can sound almost identical (particularly when the voice is being transmitted electronically, such as by telephone or a recording), we need to be sure he erred before piling on.
Those of you who are able to see the video — can you tell what his lips were doing? Even though “F” and “S” sound the same, lip-readers will tell you they don’t look the same.
Now, assuming that he screwed up (let’s face it — odds are pretty good that he did, based on his track record), this seems to be another incident of acronym impairment, just like SIPC/SPIC. It indicates that he’s not really familiar with the SEC (or probably the FEC either, for that matter), and just has difficulty remembering his Cliff’s Notes.
September 19th, 2008 at 10:43 amHow very McChimpy of him.
September 19th, 2008 at 10:45 amTune in, Scouts and Campers, our fearfilled leader is addressing the nation right now!
BTW, that would be 10:45 a.m. EDT, not TP time.
PEACE
September 19th, 2008 at 10:45 amMcCain is calling for the creation of a Mortgage and Financial Institution Trust which he called – get this – MFI. Holy Cow! Dumber than Dumb.
September 19th, 2008 at 10:45 amWhat’s worrying is that neither he, nor flailin palin, nor anybody else seems to be in the least bit worried about it.
this leaves me with the inescapable impression that they’re just mailin it in, probabbly because they are confident that the fix is so firmly “in” that they’d have to be caught–like Edwin Edwards once bragged–in bed with a dead girl or a live boy for there to be any difference…
September 19th, 2008 at 10:47 ampalin/mccain ‘08!
#
September 19th, 2008 at 10:50 amNope, don’t think they were able to sober up the Boy King.
He just said “anyone engaging in illegal activities will be caught and persecuted.”
I guess “prosecuted” just isn’t in his vocabulary.
PEACE
September 19th, 2008 at 10:52 amIn economic policy speech, McCain says ‘chairman of the FEC’ — not SEC — should resign.
– - At some point in a McCain presidency, he, or his world-challenged VP, would refer to Taiwan as ‘free Taiwan” and then he’d get a REAL Cold War, not to mention another financial “sheestorm.”
The public should demand an Alzheimer’s Test for McCain and a full release of medical records.
September 19th, 2008 at 10:52 amTawdry, would that be MoFoIdiot kind of deal.
September 19th, 2008 at 10:52 amI heard that nobody wanted a new layer of beaurocracy created, just a place to dump the crap loans to be sold off at taxpayer’s expense to those with enough cash to buy bargain basement. Then evict. Sounds like a great plan.
Yo, Mods??? What’s Goin’ On?
I just posted a comment, not 5 minutes ago, which swiftly appeared in the top of the thread with a time-stamp at least two hours earlier than the time at which it was composed and actually sent?
KAY PAHSA, Amigos…
September 19th, 2008 at 10:54 amI smell a rat, and it smells of hypocrisy.
Forced buyouts, panic, and the creation of another “Federal” Reserve Trust”, this time in the name of Mortgage stability.
Isn’t that what banks are for? Haven’t we been here before?
Just another forced-fed social program for the elite.
Privatize the profit, socialize the debt relief
September 19th, 2008 at 10:57 amWhen outside of lying about the opposing ticket and its record and your ticket and your record, the only thing you have is a complete lack of understanding of the intricacies of economic and foreign policy – yet you still have a shot at governance – you have to love America.
September 19th, 2008 at 11:00 amI find it so ironic; RTC’s created under father and son administrations.
FEC, SEC, whatever. Spain, NATO, whatever. Fundamentals of economy, Fundamentals of workers, whatever. “Take us to DEFCON 1, or is it DEFCON 5? Whatever”.
September 19th, 2008 at 11:00 amsatirev Says:
Perhaps we should all refer to this a$$hat today as “McKeating” to make the point that what’s occurring today is a direct comparison and a predictable result of the congressional actions of Mr. De-Regulator.
September 19th, 2008 at 11:00 am
______
Good idea, but I already called dibs on Oldy McDodderington.
September 19th, 2008 at 11:06 amspencers mom Says: TP, what’s going on with the posting system? Noticed it last night and it’s still happening this morning.
– - Maybe the Republicans hacked into TP, After all, they create their own reality.
September 19th, 2008 at 11:07 amI’ve been concerned about this for months – the faulty memory, the emotion swings …
Seriously, this reads like a bad Tom Clancy novel. What would be worse for the country – having such a thing revealed prior to the election, or only after? I ask this with a strong belief that this country needs at least two viable parties, even though I know which one I’m voting for in November.
Clear and present danger, indeed.
September 19th, 2008 at 11:11 amObviously the Ol’ Boy mixed up the SEC and the FCC and came up with the FEC.
Now, what are the responsibilities of this FECal department again?
September 19th, 2008 at 11:15 amThat’s why I believe that the chairman of the FEC should resign and leave office and be replaced.
Resigning is leaving office. Fool.
September 19th, 2008 at 11:17 amtoaster, satirev, others….
On how to define McCain: Age? Flip-flop? McBush? Keating Five?
The GOP pick two or three “issues” and stick with them. The DEMS are confronted with dozens of issues they could use, such is the cluster the GOP and McCain have wrought. Al of them deserve attention to illustrate the incredible mess we are in and to favor just a couple of them would be a disservice.
On the other hand bringing them all to the fore apparently risks ‘confusing’ the situation and making the voters choice ‘harder’(supposedly). What to do?
Obama and the DEMS need to develop the narrative and build the story–connect the dots so that each ‘issue’ is connected to the other (which they are) rather than just scoring news-cycle (though valid ) points.
September 19th, 2008 at 11:22 amSpin Fast:
September 19th, 2008 at 11:27 amMcCain’s proposal to combine FEC and SEC and then fire the heads of both will save taxpayers millions and fulfill public need for scapegoats and ‘change’.
McWars Says:
That’s why I believe that the chairman of the FEC should resign and leave office and be replaced.
Resigning is leaving office. Fool.
“And he better not take any office supplies with him either!” McCain added.
September 19th, 2008 at 11:29 amAnonymouse Says:
The public should demand an Alzheimer’s Test for McCain and a full release of medical records.
I’ve been concerned about this for months – the faulty memory, the emotion swings …
Seriously, this reads like a bad Tom Clancy novel. What would be worse for the country – having such a thing revealed prior to the election, or only after? I ask this with a strong belief that this country needs at least two viable parties, even though I know which one I’m voting for in November.
Clear and present danger, indeed.
Melanoma, when it metastasis, has a favorite destination. The brain. We need McCain’s full medical records.
September 19th, 2008 at 11:32 amChimpy and wallstreet crooks just handed the helm to the Democrates. The object was to mess up the country first so to make it harder to lead and undo. Money over country is the way republiCONS work. Taxpayers get to pay for what the crooks stole.
September 19th, 2008 at 11:37 amRepublicans hate America so much that they are trying to foist a second senile old man off on us as president…the first was Ronald Reagan.
September 19th, 2008 at 11:42 amWell it’s O/T, but still painfully relevant…
Over at HuffPo, the big banner at the top says the Fed bailout of Wall Street could cost a TRILLION DOLLARS. Yes, you read that right. Another TRILLION DOLLARS tacked onto the national debt, and in just a week’s time.
I was wondering why the GOOP wasn’t complaining more about this sort of handout, and then it hit me. They love this BS. It’s just another chance to bury the Fed deeper and deeper in debt, whilst getting their rich banking buddies out of the hole they’ve dug themselves into.
I’ve read several times over the last few years that GOOP’s secret plan is to run up such a crushing deficit that the Federal govt collapses, has to cut out ALL social spending FOREVER, sell off all its assets (YOUR national parks…), and then retract permanently.
THINK about the size of the deficits Botch has run continuously since 2001, or going back to the truly execrable, monumentally worthless Reagan, who ran non-stop deficits while in office too, all in the name of “fiscal responsibility”.
And now this – an ADDITIONAL TRILLION DOLLARS of debt, in one week.
This bailout is basically just another transfer of wealth, folks.
Jes’ pointin’ it out.
September 19th, 2008 at 11:43 amPatty Says:
Now, now, as Gov. Palin would say, “You’re taking him to task on his verb-idge.”
Hmmmm. His “verb-idge to nowhere”…?
September 19th, 2008 at 11:44 amConsidering that the voting irregularities of the last election have not been corrected, the head of the FEC should resign. But I just don’t see how to tie this to Fannie Mae.
As Olbermann has been hitting on another topic, the McCain camp is throwing out explanations that make things worse:
1) Sarah Palin puts in a tanning bed. Gets flack. So they insinuate that it is for depression (worse than if they just admitted vanity).
2) McCain misspeaks on SEC and says it should be the FEC. Especially considering that before giving this explanation, he had time for letting some folks in his campaign vet this explanation and look up the details, this release is outrageous.
The SEC could have been an off-the-cuff slip of the tongue. The release of the FEC explanation was done in private with full time for research.
Doesn’t McChurian candidate pay any attention to looking up the facts ?
September 19th, 2008 at 11:48 amMcCain is really starting to remind me of the Pathological Liar portrayed by Jon Lovitz on Saturday Night Live years ago.
September 19th, 2008 at 11:49 amTawdry Says:
McCain is calling for the creation of a Mortgage and Financial Institution Trust which he called – get this – MFI. Holy Cow! Dumber than Dumb.
MFIT=Motha Fiuking Iced Tea
September 19th, 2008 at 12:09 pmTawdry Says:
McCain is calling for the creation of a Mortgage and Financial Institution Trust which he called – get this – MFI. Holy Cow! Dumber than Dumb.
MFI = Mutha Fooking Idiot.
September 19th, 2008 at 12:28 pmAnother gaffe moment from Grandpappy McSame. He must have forgotten to take Geritol today.
September 19th, 2008 at 2:24 pmMy comments have been awaiting moderation for over 2 hours! What’s up with that?
September 19th, 2008 at 2:34 pmI give up. What word don’t you like? Neocons? Pitbulls?
September 19th, 2008 at 2:34 pmTrying again…
September 19th, 2008 at 2:35 pmOh, Grandpa! Go take a nap!
September 19th, 2008 at 3:15 pmPSD–Progressive senile dementia
September 19th, 2008 at 4:31 pmIs this some kind of effort to get more Reagan supporters to support McCain?
September 19th, 2008 at 5:52 pm