WTG John. You're starting to make Bush look better in comparison.

And the frightening thing is, McCain and Obama are tied in the latest Gallup Daily. McCain's improvement from a perception of his strength as a leader.

Amazing isn't it? This flip flopping, incoherent, doddering old fool can actually make Bush look relatively stable.

Ah, everyone will see Obama run rings around him tomorrow.

Throw the bums out.

While McCain was at the White House, was he an active, energetic participant in the discussion (such as it was)? Evidently not.

Did he offer a plan? We don't even know what his position is. If he has one, he hasn't articulated it. Nor do we know if he's finally gotten around to reading the administration's original 2-1/2 page proposal from which all subsequent discussion emanates. (Perhaps he's too busy winding up his unsuspended "suspended" campaign.)

I sure am glad that McChicken "suspended" his campaign [although the only thing he did not do was go on Letterman] to work on this deal then kept his mouth shut and endorsed nothing.

Good job Bagdad John.

The public sees your PR stunt for what it is. The cancel the VEEP debate.

THIS IS WHY THE DEMS ARE PISSED

... In the "agreement in principle," there is the effect of a major "earmark" which commits money from future "profits" to be given to nonprofits organizations like ACORN, National Council of La Raza and potentially the National Urban League. This agreement clearly evidences that the Government expects to benefit in the future from the bailout when the values of property rises and mortgages or properties are then sold by the Federal government.

... In the proposed bailout agreement, Sen. Christopher Dodd, the Senate Banking Committee and other Democrats desire to pre-direct that future funds (profits) not be returned to the taxpayers via the treasury but that they be used to underwrite potential questionable (maybe even illegal activities) of certain nonprofits which have had a hand in promoting and expanding access to "no money down" loans for minorities, illegal voter registrations and extensive lobbying activities.

to be given to nonprofits organizations like ACORN, National Council of La Raza and potentially the National Urban League.

That's a nice "right wing" spin on HTF. It's simplistic and inaccurate. There's nothing wrong with pushing money towards those most impacted by the mortgage meltdown - unless the entire premise of Bush's "ownership" society was and is bullshit.

Further stepping on and grinding your foot on the poorer of our Nation is a bit elitist isn't it?

That's what started this whole mess, Yav.

There's nothing wrong with pushing money towards those most impacted by the mortgage meltdown

Are there any stats on which income groups are contributing to mortgage defaults? I see a lot of assumptions that the poor are "most impacted".

However, I see a lot of $400K homes in foreclosure. I don't really know though.

where are the mortgage companies really feeling the pain?

I have no problem with helping the poor, Yav. But giving them a loan they can't afford is not helping them or us, for that matter. As can be evidenced at what is happening today.

"What happened here, basically, if you want an honest appraisal of the thing, we have been spending a lot of time and I am tired. I have spent almost seven straight days at this in trying to come out with a workout plan for our economy a rescue plan," said Dodd."

I wonder if Dodd was trying to "rescue" those huge contributions he and the Obamessiah were getting. Screw rewarding bad behavior by ALL of them, especially the politicians. I guess we'll NEVER clean out the assholes who have been up there in Washington for decades. They'll stay there 'til they die. Bully for McCain...I really don't care WHY he's doing it, just that he's doing it.

Eberly, from what I understand that buyers paid top price with a low variable interest loan. Many of them weren't even asked for proof of income to determine their ability to repay the loan. Understandably, the home went back to the mortgage company. So many of these hit the market that it caused a glut and the value of the homes went down. The mortgage companies couldn't sell the home for what it was originally worth. And nobody was buying.

Eberly, some good questions. I was playing off the targeted market that Bush/Greenspan had cited. Bush's own proclamation of how much home ownership for minorities had expanded under him. Clearly, as in my neighborhood, there are those that extracted as much equity as they could from their homes and took out non-conventional loans, such as interest only, ARMs, etc. We have a few foreclosures, but nothing like the less well off areas in our town. I do live in a wealthy area, however. It's still doing fairly well - teardowns are going on, remodeling, etc.

HTF isn't about owning housing, it's about providing poorer families opportunity both to own and to rent. There are over 170 HTF organizations in the U.S. Most do good work.

AnAmerican likes to point to Clinton's initiative as the "cause" of all this - but I disagree. There weren't defaults under Clinton anywhere near what we have now. The number of seriously questionable loans, the deregulation, the unwillingness to audit, everything from Greenspan's own words to the Financial Industry to make more alternative financing more available sent a loud message that the Wild West had returned.

Yav, which party voted unanimously to kill bills that would have regulated and put in place audits over FMae and FMac?

What was it Barney Frank said?

These two entitiesFannie Mae and Freddie Macare not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

McCain did not discuss specifics of the plan, though, and was non-committal about supporting it.

Now that is leadership my friends.

I suspended my campaign.
Blew off only one television appearance.
Tried to get my VEEP debate's cancelled.
So that I could offer no opinion on the fiscal crisis.

- John "Economic Genius" McCain.

Yav, which party voted unanimously to kill bills that would have regulated and put in place audits over FMae and FMac?

What president lauded the efforts to loan money to bad credit minorities?

To open up the doors of homeownership there are some barriers, and I want to talk about four that need to be overcome. First, down payments. A lot of folks can't make a down payment. They may be qualified. They may desire to buy a home, but they don't have the money to make a down payment. I think if you were to talk to a lot of families that are desirous to have a home, they would tell you that the down payment is the hurdle that they can't cross. And one way to address that is to have the federal government participate.

Freddie Mae -- Fannie Mae and Freddie Mac -- I see the heads who are here; I want to thank you all for coming -- (laughter) -- have committed to provide more money for lenders. They've committed to help meet the shortage of capital available for minority home buyers.

Fannie Mae recently announced a $50 million program to develop 600 homes for the Cherokee Nation in Oklahoma. Franklin, I appreciate that commitment. They also announced $12.7 million investment in a condominium project in Harlem. It's the beginnings of a series of initiatives to help meet the goal of 5.5 million families. Franklin told me at the meeting where we kicked this office, he said, I promise you we will help, and he has, like many others in this room have done.

Freddie Mac recently began 25 initiatives around the country to dismantle barriers and create greater opportunities for homeownership. One of the programs is designed to help deserving families who have bad credit histories to qualify for homeownership loans. Freddie Mac is also working with the Department of Defense to promote construction and financing for housing for men and women in the military.

Let me see if I've got this straight.

McStupid stayed behind, when no one wanted him to, to help, when no one wanted his help, and to offer advice, when no one listened to it.

Lip,

Even better, McChicken offered no advice.

**** McStupid stayed behind, when no one wanted him to, to help, when no one wanted his help, and to offer advice, when no one listened to it.
..... Posted by Lipzoidial ******

......he couldn't talk.....he was busy taking a dump in his depends......