T Nation

McCain Suspends Campaign

McCain is heading to DC to help with the bailout negotiations. Asking Obama to do the same. He is suspending his campaign whether Obama agrees or not.

The man has steely nerves and big cajones.

He could help by staying away. During the primaries when asked a simple question on the economy, he stated, I’ll have to ask my advisors, the economy isn’t my strong-suit.
He also recently said he thought the economy was doing good. Please Mcain Stay Away!!!

V

And for a guy who for years vetoed oversight and regulation, to NOW act like he’s interested in such a “socialist” stance with this bailout is once again showing the flip-flopper he truly is.

[quote]Iron Dwarf wrote:
And for a guy who for years vetoed oversight and regulation, to NOW act like he’s interested in such a “socialist” stance with this bailout is once again showing the flip-flopper he truly is. [/quote]

That has to be you in your avatar.

[quote]Tiribulus wrote:
That has to be you in your avatar.[/quote]

It’s a drawing I did for MuscleMag.

[quote]Iron Dwarf wrote:
Tiribulus wrote:
That has to be you in your avatar.

It’s a drawing I did for MuscleMag.

[/quote]

Very Good!!! Seriously.

You should stick to that.

[quote]Tiribulus wrote:
Iron Dwarf wrote:
Tiribulus wrote:
That has to be you in your avatar.

It’s a drawing I did for MuscleMag.

Very Good!!! Seriously.

You should stick to that.[/quote]

Thanks. And you should stick to… whatever it is you do.

It’s so transparent it’s just a political move. I’d be real surprised if he has anything really worthwhile to add.

[quote]AssOnGrass wrote:
It’s so transparent it’s just a political move. I’d be real surprised if he has anything really worthwhile to add.[/quote]

From what I’ve read, they both seem to be pretty much in agreement on what the plan should entail… which is nothing that isn’t already being said in Congress.

I think neither is willing to come up with anything radical for fear of looking like a dipshit if the current proposal goes through and works (or appears to work between now and Nov 4).

[quote]Vegita wrote:
He could help by staying away. During the primaries when asked a simple question on the economy, he stated, I’ll have to ask my advisors, the economy isn’t my strong-suit.
He also recently said he thought the economy was doing good. Please Mcain Stay Away!!!

V [/quote]

He didn’t say the economy is doing good. He said the economy is on sound footing, or something like that. And it is. The only problem there is with the economy right now is one of credit.

An no, I am not trying to split hairs. A simple change to the accounting and a government backed insurance program would have everything back to normal for the financial institutions - then they could begin lending money, and the economy would right itself is short order.

Not to say things aren’t dire, but I think people have taken what McCain said to mean something different.

Yes, it is almost certainly just “for show”, or to give him and Palin a reason to disappear for a while. As far as I’m concerned, this whole bailout scheme is bullshit.

It was congress who decided lenders needed to lower their standards as to who got loans in the first place, and now they are setting themselves up to have even MORE control over mortgages. It can’t possibly end well. Every dollar D.C. steals from my pocket is just that much more freedom they are asking me to surrender.

It’s shrewd, not really ballsy. My inner skeptic tells me that McCain isn’t too confident about his position in the upcoming debate, a possible example of which could be his previous insistence on town-hall meetings.

His base is already mobilized, this debate is all about attracting the independent voters. Republicans are taking the blame for this economic crisis, and the coincidence of the debate and the economic troubles will probably mean that many more people will watch with a negative predisposition to the GOP candidate on economic issues.

If he can somehow ingratiate himself to people economically (what he’s trying to do now), I imagine he thinks that it will give a more positive context to his debate appearance.
Time will tell.

Though I’m not supporting McCain, when I think about McCain’s statement “The foundation of the economy is strong”, it’s easy to criticize the face of that statement, especially in the context of present problems.

But if you analyze the content, what he’s actually saying is “the tenants of our economic system are strong (and thus will survive the current storm).”

Just a little defense on McCain’s behalf…from a resident lefty. :wink:

hehe. well put.

[quote]Demiajax wrote:
It’s shrewd, not really ballsy.

[…]

His base is already mobilized, this debate is all about attracting the independent voters. Republicans are taking the blame for this economic crisis, and the coincidence of the debate and the economic troubles will probably mean that many more people will watch with a negative predisposition to the GOP candidate on economic issues. [/quote]

Excellent analysis.

[quote]MrRezister wrote:
It was congress who decided lenders needed to lower their standards as to who got loans in the first place, [/quote]

What are you talking about? When did congress decide that?

[quote]Iron Dwarf wrote:
Though I’m not supporting McCain, when I think about McCain’s statement “The foundation of the economy is strong”, it’s easy to criticize the face of that statement, especially in the context of present problems.

But if you analyze the content, what he’s actually saying is “the tenants of our economic system are strong (and thus will survive the current storm).”

Just a little defense on McCain’s behalf…from a resident lefty. ;)[/quote]

he never meant anything else.

That was honest of you. Now I’m going to have to reconsider my overall opinion of you too. Why does life have to be so complicated.

I think this was a political move, but I do not believe for a second that John Mccain is intimidated by Barack Obama.

What is going to do help pass more regulation?

Yeah we better get Obama back to Washington too.

[quote]Tiribulus wrote:
I think this was a political move, but I do not believe for a second that John Mccain is intimidated by Barack Obama.[/quote]

I don’t think McCain is intimidated by anything. But I have a feeling he’s a shrewd strategist that adapts to the landscape (see my post “An Odd Wish… From A Lefty”).

This mess will take years to fix, regardless of what lending institutions do. Its simple really, the value of housing cannot increase so fast as to leave the value of earning behind. Not THAT much at least.

It doesn’t matter if you get a pay increase at your job, if housing increases by 30% a year. It makes no sense to have a mortgage payment of 3k a month if you make 4k total. Something will give eventually, and that is what you have here.

Lending institutions knew this would happen and I hope some form of punishment will be handed to those responsible. But I already know it won’t.

If the govt goes through with the bailout, it will be one of the biggest mistakes in our history.