TARP/multiple bailout-supporting McCain to vote against Bernanke
Hard for me to suppress a snort. But here it is: John McCain — who supported the $700 billion TARP bailout, the $25 billion auto bailout, a $300 billion mortgage bailout, and the first $85 billion AIG bailout – has grandiosely announced that he will oppose Federal Reserve Chairman Ben Bernanke’s second term:
“Our country is still facing an economic crisis and while I appreciate the service that Chairman Bernanke has performed as Federal Reserve Chairman, I believe that he must be held accountable for many of the decisions that contributed to our financial meltdown.
“Therefore, I plan to oppose Chairman Ben Bernanke’s confirmation for a new term as Federal Reserve Chairman.”
So, how does McCain hold his own economic advisers accountable for their wrong-headed policy decisions that enabled the incompetent boobs who contributed to our financial meltdown?
He backs their Senate campaigns, of course!
***
McCain’s faux populist maneuvering can be explained in 10 letters: J.D. Hayworth.
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He is trying to seem more conservative every day.
I voted for the baliout before I voted against it /snort
Please, Sarah, don’t support this guy! He didn’t even support you when he chose you as his VP! He wanted you to stand, shut up, and smile!
You don’t owe him squat!
Hey Johnnie, can you say p-a-n-d-e-r-i-n-g?
I knew you could.
Thank you for your military service to this once great country Mr. McCain. Now, please go away and shut the he** up. Your services are no longer needed, nor are they wanted.
You fool no one with your conservative stance on something you fully supported before. You helped wake the sleeping giant, and sorry to say so, but you will be a part of the feast that he will now feed upon.
Doesn’t his wife have any leftover duct tape?
This is not a good idea. Or it’s on pace with his campaign suspension to vote for TARP.
Like Ben or not, it’s important for the global markets to seem stable now. A new head of the fed would shake things up pretty bad.
Of course, he might want the market to go back to 6500. I’m hedged so I wouldn’t mind. But that’s the result of toppling Bernanke at this point.
One of the prime reasons for the market sell-off last week was the steep decline of existing home sale. They fell because of the removal of government support in mortgages. In other words, having kept the patient anesthetized for fear of learning the truth, we learn that the patient has died.
It’s time for the government to just get out of the markets so we can learn the truth about how bad things really are. We can’t fix problems if we can’t measure them.
The government solution to heat waves is to rig thermometers to read 68 degrees at all times. Afterwards, we still know that it is very hot but thanks to the government, we no longer know exactly how hot.
We either believe in market-based capitalism or we don’t. Let’s get back to honest markets.
Yes, can we please see the money supply numbers Prof Bernanke?
Anyone notice how in there are so many song parodies mocking McCain on Rush 24/7 that continue to get airplay? Rush could play any of his many fake commercials and songs but has thrown the Anti-McCain ditties into heavey rotaion.
Come to think of it, he really didn’t lay off much during the Presidential campaign. They certainly hit home and are a constant chuckle inducer.
I fully support and respect John McCain, CAPT, USN (Ret).
Sen. McCain, however, is a soup sandwich.
McCain’s right, Bernanke needs to go – and so does McCain. But we can replace McCain with Hayworth and have a net gain. Bernanke will just be replaced with a clone, and things will go on as they have been. The main problem isn’t the Fed chaiman, it’s the existence of the Fed, but a main subsidiary problem is the fact that they keep putting academics into positions of power and let them try out their nutty economic theories.
McCain is up for re-election…. so he will pretend to be a Republican rather than what he really is. A moderate democrat.
Suuure! Here ya go.
If I were Bernumbskull, I’d hit the road on my own.
It’s not clear whether McCain has to go because no one knows for sure exactly what he did. He veiled everything in secrecy. “Expanding the balance sheet” can mean a lot of things. There is a very highly respected investor who is challenging Bernanke to prove that the Fed has not been rigging the stock market by buying S&P futures in off hours in order to re-inflate the stock market bubble as a “green shoot” strategy of making the US investor and the world feel better.
There is a reason why 70-80% of the daily trading volume is directed by “high frequency” trading programs. That is a new wrinkle in the market that appeared with the onset of government bailouts and needs to be explained. I suspect Mr. Bernanke won’t look so good when the truth outs.
So let’s see…McCain gets something right and we’ll ridicule that. Great attitude…thinking like that will have the Dems picking up seats in November.
Let’s in-fight some more! We don’t want to get eighty percent of a reasonable agenda…no, we’ll hold out for total purity and get nothing.
For party that supports state’s rights, we sure don’t seem to leave to the state’s their right to pick the kind of Republican they want.
John McCain: “I’m high on Hopium!”
Notice how RINO commenters never say anything constructive or informative? We are all supposed to “hear no evil, see no evil and speak no evil” and do what we are told by our betters. Brain dead RINOs.
Did you mean to say Bernanke? Otherwise the sentence doesn’t make sense. What McCain’s been doing is pretty clear to everyone here, I should think.
So you’d be happier if we’d all just pick the corn out of the diaper instead?
Errah WWGSD, (What Would Goldman Sachs Do?); then do the opposite!
We socking it to the Bens today. First Ben Nelson, then Ben Bernanke. Is Ben and Jerry’s next??
We’re not necessarily ridiculing him. We’re highly suspicious of his motives and his real commitment to what he says, based on what we already know about him – which is plenty.
Hayworth for Senate!
You’re right. I meant Bernanke. But I agree with what you said. BOTH should go. I my mind, Bernanke should go for the fact that he abandoned any pretense of Fed independence when he joined forces with Hank Paulson to orchestrate a stupendously stupendous secret bank bailout. Any good he did will never make up for the genie he let out of the bottle.
I am conflicted on the Bernanke appointment. The guy is directly culpable for so much of the awful mess we find ourselves in. And he doesn’t seem to have a clue about how to fix the mess he has made.
But, Obama clearly doesn’t understand the mess either. And he is likely to find an even greater hack and crony if Bernanke is ushered out of office.
This really appears to be a case of “damned if you do and damned if you don’t.”
This is very much like rearranging deck chairs on the Titanic. And it is quite fitting for McCain to launch a crusade in this matter. I wonder if this will be one of McCain’s final votes in the Senate? One can only hope…
McCain – get a real job.
McCain happens to be right on this but for the wrong reasons. This guy is so toxic to the conservative agenda that we should do everything we can to force him out. Electing Hayworth is more important for the future of the than was the Brown victory in securing Ted Kennedy’s old seat. McCain is a quisling. As a traitor, he cannot be trusted by either side.
Correction:
Electing Hayworth is more important for the future of the GOP than was the Brown victory in securing Ted Kennedy’s old seat.
I swear it was correct when I submitted the comment.
McCain should have to wear a Marshall Petain cap.
OMG! How dare he do something right! pun intended. He must be immediately reminded that he is an evil ‘big gov’ liberal. We can’t have our precious Conservative Movement soiled by the likes of McCan’t. He is not pure, he must be driven from our midst! The only solution is to vote for the Democrat. That way we get rid of McCan’t and Conservatives are no longer saddled with his liberalism.
What? You think Michelle or Debbie Schlussel will allow McCan’t to remain in office, or allow any of us to vote for someone who is the lesser of two evils?
Please! we chop up our side or we are not true believers.
Conservatives are starting to sound like liberals. “Rouge Cheddar” is a great example of the Liberal Derangement Syndrome festering on the Right. Get some freakin’ perspective people. Better yet, get a hobby that IS NOT Politics.
RINO alert! RINO alert! Lover of the partly pregnant and sometimes honest!
“Rouge” Cheddar? Are you sure you don’t have Rogue confused for Dutch Edam?
McCain is a US hero, but that doesn’t mean I’ll support him anymore. I only voted for him because there is NO way I would have voted for Obummer. He lost me with the Gang of 14, the last Amnesty attempt, Cap & Trade…I could go on & on.
Support JD Hayworth for senate. At least we know he won’t be itching to reach over the aisle and be bipartisan (code for accepting all the dems blatant lies and caving in).
This really deserves a cheesy response, but, I got nothing. You win Mark, us purists are ruining the GOP! Mississippi wide and puddle deep!
JD Hayworth is bashing the hell out of Mc Cain, and he must now pretend to be fiscally conservative.
The fact that McLAME finally takes ONE right position before a crucial primary fight does not excuse the damage he has done to the nation during his all-too0long Congressional career.
Doing the right thing so you can be re-elected to do WRONG THING for the next 6 years is NOT the way to victory…
Even a broken clock is right twice a day.
BigBoy and Mark would stay married to Tiger Woods if he said “Hey, but I still love YOU“.
Ah, what an anachronism that is!
That the Federal Reserve is a Constitutional monstrosity has not entered the debate-sadly. Yes I know that all the European nations have a central bank so we must do. Even the Progressive thug Woodrow Wilson came to regret setting up this secretive, non accountable Goliath.
No Mark we must not gut ourselves in the name of some unattainable purity-but there lines that must not be crossed and John McCain has crossed a bunch of them. The biggest obstacle I have in supporting the man is his absolute disregard for any view but his own. Ask him ever so politely to reconsider a point and he WILL go into a rage that terrifies the best of us. He is not only an arrogant jerk but a bully and a thug.
We in Arizona can do better and many of us are trying to do so. Yes we salute his service regardless. I have been holding up a cane for 40 years due to Viet Nam injuries–but that in itself gives me no special privileges. More than two million men did their best in Viet Nam.
Yes we must be very careful of unnecessary infighting and purging–but as I said John McCain has crossed lines that should not be crossed. Perhaps the Senator from Arizona can go on a speaking tour with Joe Liberman, be elder statesmen and bother other people.
And please do not pick on Rogue Cheddar-there are plenty of Trolls and at least on lawyer to feed to the alligators.
No Chap, no you of course.
John McCain is the Republican Party’s Jerry Brown.
Bigboy:
I don’t understand the logic of your thinking. So, we’re supposed to support John McCain because we agree with 80% (your number, not mine) of what he believes?
How about we run a real Conservative in the primaries? If he wins, we win, if he loses, then we’ll consider holding our nose and voting for McCain.
Right now, dems are on the run. The idea of backing a failure like McCain in this current political climate is insane. Maybe I’m wrong, but I think most of us believe that the time is right to throw out the RINO’s. The conservative base is awakened. Let’s get what we want before they go back to sleep.
Bigboy: worms share 93% of human DNA. Therefore, worms are people too and should be allowed to vote. I have a feeling that the other 7% is important.
I appreciate John McCain’s service to his nation while in the US Navy. But, as AZN pointed out, being wounded and a POW does not qualify McCain for the Senate or the Presidency.
He has my thanks for his service and I wish him a long, healthy and prosperous retirement and hope that it starts this November…
Fixed it for you.
We without question have problems, but this is still the greatest country in the world.
Good grief, I would be ecstatic if McCain believed 80% of what most conservatives believe!
But, suppose he pays lip service to this mythical 80%. The problem is the other 20% of open borders, cap and trade, etc. will eventually, when implemented, destroy the 80% of what he pays lip service to.
That is very much like “we destroyed the village in order to save the village.” I ain’t buying that line now either.
“Hope” became “Nope” real fast under Obama, but I wonder if things would have been VERY different under McCain….
Thanks John, you’re true to form. Bernanke is a good man and a smart one. It is laughable that the Congressmen who participated in the government sanctioned disaster should tut-tut this guy with 20-20 hindsight. So when Obama trots out a replacement they will now feel obligated to rush him through the approval process.
The morons will probably get us a Paul Krugman to replace him. I’d rather have Foghorn Leghorn. Their brains are about the same size.
Seems like worrying about the final disposition of McCain is just not going to help for the next 11 months. The voters in AZ will make the call on him!
Looking at what we have in the Federal Reserve mess of today realistically, I prefer small changes. In the case of the Fed Reserve Chairman the first thing we need is a term limit. I have this limit pegged at 1, so Bernanke must go.
We cannot continue to allow the financial systems to rest on ANY single person.
As for the latest Obama/Volker ‘plan’, I think that we need to return to glass-steagal first. Seems like that would be the cleanest way to back away from the regulatory holes repealing it created.
Same old stuff…he’s still a predictably polished politician.
Bank of Bernanke, too big to fail? I think not.
McCain will say anything to get re-elected, and if he does he will spend more time on the other side of the aisle like he always does. He is a tool of the “useful idiots”. LOOK AT HIS RECORD!
I’d think it should be easy to get rid of McCain.
Just remind the voters every 5 minutes that he is Bailout Boy. Even his mushy moderates will leave him over that.
Only a damned purist would look at his record! You’re ruining the GOP! Do you need to get sent to Motivation Platoon?
Well you could have said; I was slicing the issue a bit thin, or McCan’t's rhetoric smells like Limburger, or the only thing “rogue” about McCan’t is his wife. *lol*
It’s not the purists that are the problem, it’s the fanatics.
If J.D. Hayworth is such a hot commodity, why is he sitting on the sidelines? If he is not committed yet, I sure as hell not going to waste my time to draft him.
Until someone gets some frickin’ backbone and steps up; then the only alternative is a Dem. That’s not a choice I will make. Sadly it seems that some of you are so rabid, you would. You also seem to be hell-bent on destroying McCan’t and making sure that everyone votes for the Dem. That’s the problem.
Only fools wait to vote for the perfect candidate. As I told Debbie Schlussel (right before she un-friended me), you can’t always ally yourself with the perfect. Many times you have to work with the less than perfect. Otherwise you become irrelevant.
See it’s comments like that that earn you the moniker “Rouge” Cheddar.
Early warning on JD Hayworth.
Much better conservative than John McCain, but he was peripherally involved in the Abramoff follies.
The good news, this could be a bad year for Demonrats, and Abramoff is old news now…
I volunteer to mail him a case of it. But he has to promise to use it.
What modern day Friedrich Engels will Barack HUSSEIN Obama replace Bernanke with if the Senate rejects him?
I would vote for the Dem against McCain because that way, his influence as the Ted Kennedy liberal leading the GOP would be gone. The new Dem would be just another Democratic vote without influence. But then, McCain won’t be the candidate next November so it doesn’t matter does it?
Arf! Arf! Arf! Gr-r-r-r-r-r-r-r-! Arf! Arf!
*Let’s go for the trifecta: Out with McCain, Bernanke, and the Federal Reserve; In time, all will be done.
*Must continue to keep the harsh light of the truth on McCain; He is a progressive rat bastard advocacy pimp for illegal alien amnesty, and that will never change; Continue to support him and you WILL lose your country; My coin is going to JD Hayworth, full throttle!
Was my sarcasm too subtle? I’ll try harder, now where the heck did I put that 2×4….
And yet many here seem fully prepared to burn the village in the belief it will save it. At least you understand that is wrong, which makes (as far as I can tell) 2 of us.
But again, the problem remains; no alternative. So we cut our own throats.
I have no problem with a “temper.” I prefer people with a fire in their belly. I realize that I am pretty big guy, but McCan’t does not scare me; rage or no rage.
Wow! I just had a thought. Yes! they occur now and again. I do try to minimize them, as it’s so taxing to have them these days. Maybe McCan’t is the boogey-man that haunts some here, in their dreams?
It’s just stupid to tear down the candidate in order make ourselves feel good. As I said previously, very liberal. Disagreeing is fine, yet some here ‘rage out’ like McCan’t.
Why don’t we go on a charm offensive? Instead of lobbing hate-bombs into our own camp; how about we explain why our way is better? Or is that too difficult?
JD’s numbers, btw, are plummeting faster than Obama’s numbers.
My dad once told me: “wish in one hand, s*** in the other, see which one fills up first.” Lots of you are wishing for a Saviour. He has come and gone, and won’t be standing for election, EVER.
Okay…..moving on….
Mark,
I think the Arizona primary is just such an opportunity to explain why one way is better than the other…
And it is McCain who is constantly calling in TAC Air on his own coordinates! If anyone is going to “destroy the village in order to save it” it will be John McCain! The irony that you don’t get that is at the center of the whole argument.
the good people of arizona get to choose their candidate, and we here in missouri get to choose ours. hayworth will be villified in the arizona media, because mccain is ever democrats favorite republican. so just like in massachusetts, don’t look at the media, look at what these candidates say and do. the people choose, and the media elite hate that fact, so they do everything they can to screw that up.
McCain is doing what politiicans like Arlen Spector have done for years: Talk/vote conservative during the election year, and once re-elected revert to liberalism….and then if the time is right, switch parties.
That’s “politicans” not “politiicians”, BTW for post #68
No she doesn’t. McLame was certainly silent when his campaign hacks were busy trashing her trying to use her as a scapegoat for their lousy campaign.
Gee, maybe his need for her support explains why they have shut up for a little while.
I guess I would take your comment seriously if it were about someone other than a political hack who relishes sticking it to Republicans when he gets a chance.
How’s his Campaign Finance Reform working out?
As long as McLames nutty ideas affect what I do in my state, I will do what I can to affect his employment.
the way McShame has been talking the last month or so, looks like he sees which direction the wind is blowing…course we know the wind does not blow in a constant direction…ala Massachusetts.
Let me straighten out my position:
1. Yes I’d pick the corn out of the diaper if it were 80 percent corn; remember, the alternative is 100 percent the other stuff.
2. Marriage to Tiger? Bad analogy there. I certainly wouldn’t throw him off my best-ball team.
3. I don’t really like McCain myself…but he stayed with the party on healthcare.
In total, I’m watching the fights over who’s “conservative” enough and I’m starting to think that we’ll blow the opportunity of a generation because we’ll pull a number nationally like we did in New York. Split our votes to remain pure and put the devil back in congress.
It’s politics boys and girls…not theology. And while we get all tied up in a philosophical cleansing, the Dems will turn us into Amerika.
Final thought; how many of you harping about conservative purity got a tingle from Scott Brown the other night…be honest…felt pretty good didn’t it? Brown’s a tad left of the majority of Republicans in the Senate…so would you rather have had a “pure” candidate up there that would have lost by 20 points?
You can squarely blame Michael Steele and the GOP for NY-23..if you want me to go into details, I can.
I didn’t get a tingle from Brown’s election…maybe you and Chris Mathews need to get together (kidding)..I on the other hand am much more practical. Scott Brown, at best, is little more than a pretty-boy ‘block of wood’ to stop Obamacare in a state -that although Massachusetts is now independent voter tendencies, it still has deep liberal tendencies; moreover he must be re-elected in 2012, so I and others watching him closely.
I don’t expect much more from him in a state like Massachusetts, so if he breaks his promises,he’s gone in 2012…I re-note that neither the GOP nor Democrats, but rather independent voters are the majority (52%) in Massachusetts now.
After having seen well over 28 years of people -including myself- make the same mistake you are making..YES.. I’d rather see conservative ‘pure’ candidate lose by 20 points, and wait for the inevitable victory, than to go LOTE in what is a conservative state….as a recent Economics degree holder-I know what will and will not work economically…and I am now more patient, unlike what I was in my youth.
Re: McCain and TARP…
There were many Republicans who did not want to vote in favor of TARP, but were pressured to do so by the Republican Party “leadership”. Both the Republican President (Bush) and the Republican Party nominee for President (McCain) were telling Republican members of Congress that they needed to support TARP.
I believe TARP was a TRAP, and played a major role in turning the electorate against the Republican Party.
How would things have been different if the Republican Presidential candidate had been an outspoken opponent of TARP?
Republican members of Congress could have stood behind that candidate and voted against TARP.
So, can you tell me which 2008 Presidential candidate was an outspoken opponent of TARP?
Was it Mitt Romney?
No.
Was it Mike Huckabee?
Yes.
ARIZONA!!!
Please rid us of this Democrat in Republican clothing.
McCain needed to go BEFORE he was the nominee, now after his dismal performance in 2008, it is critical for the survival of the Republic.
Sarah Palin has demonstrated very poor judgement, ignore her endorsements and don’t contribute to SarahPAC, unless you like suppoting back-stabbing RINO’s as much as she obviously does. (Graham, McCain, etc.)
Yes, it was…come to think of it it was Bush II who said his legacy was to “reshape the Republican Party” in reponse to conservative activism within the Republican Party of his Presidency…and why indeed he did help ‘re-shape’ or should I say ‘deform’ the Republican Party with TARP and etc.