philihp All American 8349 Posts user info edit post |
http://www.reuters.com/article/topNews/idUSWAT01007920080918
Quote : | "CEDAR RAPIDS, Iowa (Reuters) - Republican presidential candidate John McCain said on Thursday he would, if elected, fire U.S. Securities and Exchange Commission Chairman Christopher Cox for failing in his oversight of Wall Street.
"The Chairman of the SEC serves at the appointment of the president and in my view has betrayed the public's trust," McCain told a rally in the electoral battleground state of Iowa. "If I were president today, I would fire him."
The comments by McCain, who portrays himself as a maverick in his bid for the White House, contrasted with the view of fellow Republican President George W. Bush, who appointed Cox to the SEC post in 2005.
...
He criticized the SEC for abandoning the "uptick rule" which only allowed short sales when the last sale price was higher than the previous price.
"Speculators pounded the shares of even good companies into the ground," said McCain. " |
it's about time.9/18/2008 2:28:16 PM |
csharp_live Suspended 829 Posts user info edit post |
gg mccain 9/18/2008 2:49:10 PM |
jbtilley All American 12797 Posts user info edit post |
After this election cycle is up I don't want to hear that word again for another decade.9/18/2008 2:53:59 PM |
Stein All American 19842 Posts user info edit post |
Quote : | ""They allowed naked short selling -- which simply means that you can sell stock without ever owning it," [McCain] said." |
Uh... so have the last ~74 years worth of SEC chairmen.9/18/2008 3:08:35 PM |
theDuke866 All American 52839 Posts user info edit post |
^^ yep. it seems that the electorate is now so stupid and ignorant that the contest has to be boiled down into a few buzzwords, such as "change", "maverick", or in the case of 2004, "flip-flopper". 9/18/2008 3:22:26 PM |
moron All American 34142 Posts user info edit post |
^ some people are trying to bring "waffle" in to this one. 9/18/2008 3:23:44 PM |
nutsmackr All American 46641 Posts user info edit post |
McCain's claim here is pure bullshit. his against regulation in any form and is attempting to pull off some sort of populist message, but it won't fly. 9/18/2008 3:25:35 PM |
moron All American 34142 Posts user info edit post |
^ It could fly, but McCain's 2 past incidents where he claims he's not that good with economic issues are going to come back and haunt him.
In any case, i'm not convinced the short uptick rule is what caused the credit crunch we're experiencing, so I don't see why he's harping on that. 9/18/2008 3:28:46 PM |
ActionPants All American 9877 Posts user info edit post |
Yeah uh he can't do that http://blogs.abcnews.com/politicalradar/2008/09/mccain-blasts-o.html 9/18/2008 4:19:42 PM |
Shrike All American 9594 Posts user info edit post |
Hmmmmm yeah, I'd rather fire them all. Obama '08! 9/18/2008 4:21:10 PM |
jwb9984 All American 14039 Posts user info edit post |
http://blogs.abcnews.com/politicalradar/2008/09/mccain-blasts-o.html
hhaha
WHOOPS! 9/18/2008 5:06:17 PM |
moron All American 34142 Posts user info edit post |
^ That was posted just 2 posts above you.
That's a lame line of attack though, i'm sure if the president wanted to, he could force out the SEC chairman without repercussion, if it was warranted. 9/18/2008 5:08:56 PM |
TreeTwista10 minisoldr 148442 Posts user info edit post |
Quote : | "The comments by McCain, who portrays himself as a maverick in his bid for the White House, contrasted with the view of fellow Republican President George W. Bush" |
i call bullshit...mccain = Bush...there is no fucking way they'd disagree about anything...thats what everyone says so it must be true]9/18/2008 5:10:11 PM |
jwb9984 All American 14039 Posts user info edit post |
^^NO SHIT?!
i'm aware of that.
i meant to quote and link it
[Edited on September 18, 2008 at 5:12 PM. Reason : /] 9/18/2008 5:11:29 PM |
pooljobs All American 3481 Posts user info edit post |
so does that mean mccain is going to fire his economic adviser who pushed for the deregulation that set us on this course? or maybe fire the 83 wall street lobbyists who work for his campaign? 9/18/2008 7:23:02 PM |
csharp_live Suspended 829 Posts user info edit post |
want to get rid of lobbyists?^
then stop buying products from the companies that pay for them.
or just buy more from the companies that support the lobbyist you like best
in the end you'll get more done in your life by following that, than any vote you'll ever make. 9/18/2008 7:24:55 PM |
Kainen All American 3507 Posts user info edit post |
this is just a stunt to make him look like he's ON TOP OF IT.
Give me a break, next. 9/18/2008 7:28:55 PM |
TreeTwista10 minisoldr 148442 Posts user info edit post |
let me guess Kainen...if Obama had called for it, it wouldn't be a stunt, it would be geniune, amirite? 9/18/2008 7:33:08 PM |
Kainen All American 3507 Posts user info edit post |
No, he simply wouldnt' call for it in the first place jackass, because he's not going to score ridiculous political points to make a headline, over dumbing down a fucked up situation like the economy to blame one man and somehow display 'leadership' even if it has nothing to do with fixing the problem (a la gas tax holiday, etc) 9/18/2008 7:35:11 PM |
TreeTwista10 minisoldr 148442 Posts user info edit post |
Quote : | "(Obama's) not going to score ridiculous political points...dumbing down a fucked up situation like the economy to blame one man" |
i'm afraid thats exactly what his entire campaign has been based on...blaming one man (GWB) for a bunch of problems and promising to fix them...he's scored many, many political points for it]9/18/2008 7:36:56 PM |
Kainen All American 3507 Posts user info edit post |
That man happens to be responsible at the executive position of 8 years of declining prestige, economy, and global position of America.
He's one of the worst presidents in the history of the United States dude....if you can't context your presidential run as a direct contrast and how you plan on changing the direction of all the bullshit that has happened over this near decade what the hell are you running for? 9/18/2008 7:49:04 PM |
TreeTwista10 minisoldr 148442 Posts user info edit post |
i'm just pointing out that Obama WOULD and DOES "dumb down a fucked up situation by blaming one man"...he's not some superman who is above that shit
and i would try to convince you of the fact that only time will tell how GWB fares as a president (just like it takes time to fully assess every president), but i wont waste my time] 9/18/2008 7:53:19 PM |
Kainen All American 3507 Posts user info edit post |
Quote : | "only time will tell how GWB fares as a president" |
haha, although usually true in Dubya's case, I'm feeling pretty confident that the turd will still stink later on in history.
I never said Obama is superman but I think he chooses his battles and opens his mouth with a longer more patient stretch goal in mind. Thats why I think he has a better temperament to lead the country is all. Simple reasoning but effective.9/18/2008 7:55:56 PM |
TreeTwista10 minisoldr 148442 Posts user info edit post |
i think he does what pretty much every other presidential candidate (or politician in general) does which is say whatever he/she thinks will help him...he's not above anything, nobody this far along in a presidential race is 9/18/2008 7:57:21 PM |
Str8Foolish All American 4852 Posts user info edit post |
Quote : | "i think he does what pretty much every other presidential candidate (or politician in general) does which is say whatever he/she thinks will help him...he's not above anything, nobody this far along in a presidential race is" |
"It's all relative, brah." - Broseidon, King of the Brocean9/18/2008 7:58:32 PM |
Kainen All American 3507 Posts user info edit post |
Quote : | "I never said Obama is superman but I think he chooses his battles and opens his mouth with a longer more patient stretch goal in mind. Thats why I think he has a better temperament to lead the country is all. Simple reasoning but effective. " |
You can't retort that. I know you are republican masking as zen neutral independent twister, but you cant make yourself feel good by making ME somehow feel less convicted about Obama being the best of the field out there.
Do I think he's amazing or some beyond the pale politician? No. But I think he's an effective candidate with the 'right stuff' to take this job. Nothing more, nothing less. Stop the reverence accusation.9/18/2008 8:01:18 PM |
TreeTwista10 minisoldr 148442 Posts user info edit post |
Quote : | "I know you are republican masking as zen neutral independent twister" |
you just told me to stop the accusation...funny
I CAN'T FATHOM THAT A NON REPUBLICAN WOULDN'T LIKE OBAMA]9/18/2008 8:02:46 PM |
Str8BacardiL ************ 41754 Posts user info edit post |
Bush's #1 weakness is being a horrible manager. (horrible is probably being too nice)
He waits until public outcry is at a crisis level to replace anyone. It is pathetic. 9/18/2008 8:14:28 PM |
TreeTwista10 minisoldr 148442 Posts user info edit post |
meh...its not a popularity contest...i think he did what he thought was best at the time 9/18/2008 8:16:19 PM |
philihp All American 8349 Posts user info edit post |
Quote : | "I never said Obama is superman but I think he chooses his battles and opens his mouth with a longer more patient stretch goal in mind." |
Something about a pig with lipstick?9/18/2008 11:47:41 PM |
Lavim All American 945 Posts user info edit post |
Quote : | "i think he did what he thought was best at the time" |
Quote : | "Bush's #1 weakness is being a horrible manager. (horrible is probably being too nice)" |
9/19/2008 12:15:14 AM |
drunknloaded Suspended 147487 Posts user info edit post |
rumsfeld for 6 years...i mean really 9/19/2008 12:18:10 AM |
aaronburro Sup, B 53065 Posts user info edit post |
Quote : | "(Obama's) not going to score ridiculous political points...dumbing down a fucked up situation like the economy to blame one man" |
You do realize that when asked if he would fire the SEC chairman, Obama instead answered that he would "fire the policies of GWB," right? So, not only would Obama *shocker* not answer the question, he then proceeded to *shocker* blame one man. such a fucking sheep9/19/2008 12:57:38 AM |
TKE-Teg All American 43410 Posts user info edit post |
Obama not answer a question?!?!
shocker there
[Edited on September 19, 2008 at 1:12 AM. Reason : k] 9/19/2008 1:12:02 AM |
Scuba Steve All American 6931 Posts user info edit post |
9/19/2008 1:19:21 AM |
drunknloaded Suspended 147487 Posts user info edit post |
lololololol...i so want to fuck both of those and brianna keeler(sp?)....among others... 9/19/2008 1:31:16 AM |
Aficionado Suspended 22518 Posts user info edit post |
sal and richard 9/19/2008 7:26:44 AM |
Kainen All American 3507 Posts user info edit post |
^^ lol 9/19/2008 7:55:52 AM |
Socks`` All American 11792 Posts user info edit post |
Quote : | "No, he simply wouldnt' call for it in the first place jackass, because he's not going to score ridiculous political points to make a headline, over dumbing down a fucked up situation like the economy to blame one man and somehow display 'leadership' even if it has nothing to do with fixing the problem (a la gas tax holiday, etc)" |
-Kainen
lolololololol
You're right. Obama just blames an "economic philosophy" that has been in place for "8 years". Without ever explaining how that philosophy led to this mess or who was actually behind implementing it into policy. Hmmm the past 8 years? I wonder who he's talking about. hahhaa Partisan political bullshit.
Quote : | "Eight years of policies that have shredded consumer protections, loosened oversight and regulation, and encouraged outsized bonuses to CEOs while ignoring middle-class Americans have brought us to the most serious financial crisis since the Great Depression" |
Barry Obama http://www.usnews.com/articles/news/campaign-2008/2008/09/15/barack-obama-john-mccain-react-to-lehman-brothers-crisis---with-wildly-divergent-opinions.html9/19/2008 8:47:29 AM |
Kainen All American 3507 Posts user info edit post |
ummm, ok. lol. umm socks, i fail to see what you are wetting your pants about. What CANT you find wrong with the past 8 years? 9/19/2008 9:19:27 AM |
Socks`` All American 11792 Posts user info edit post |
^ I can find lot's of things wrong. But I am also not silly enough to believe that the economic philosophies of one person are what caused the current mess. 9/19/2008 9:24:06 AM |
Stimwalt All American 15292 Posts user info edit post |
One administration. 9/19/2008 9:26:09 AM |
Socks`` All American 11792 Posts user info edit post |
^ not even one administration. When you hear Paul Krugman saying Phil Gramm helped cause this mess (I guess trying to score political points against John McCain), he's referring to legislation passed back in *1999*! As if Gramm was the only person in the Senate and Bill Clinton (who I love) was not in the White House.
The fact is that this is the end result of errors going back for decades. There is plenty of blame to go around, so much so I really don't think anyone can or should be held responsible. The economy is a complex system governed by a handful of people with limited information (and limited understanding) of the facts involved. It is simply re-fucking-diculous to try and blame this on Bush, or McCain, or the SEC chairman.
And you should feel stupid for buying into any story of the sort.
[Edited on September 19, 2008 at 9:41 AM. Reason : ``] 9/19/2008 9:40:50 AM |
Shrike All American 9594 Posts user info edit post |
You know who McCain just blamed this whole mess on in his big economic speech this morning? Obama.
And you thought his campaign couldn't get any more ridiculous.
[Edited on September 19, 2008 at 9:48 AM. Reason : :] 9/19/2008 9:48:17 AM |
Stimwalt All American 15292 Posts user info edit post |
Well, if I were you, I would feel stupid for continuing to support the GOP after they threw fiscal conservatives under the bus for the past eight years. 9/19/2008 11:37:04 AM |
nutsmackr All American 46641 Posts user info edit post |
Too bad John McCain wouldn't have the authority to fire the SEC Chairman if he were President
Quote : | "As you can see, the McCain campaign misrepresented what McCain actually said. He didn't "call for removing" him. He said he'd fire him. Presidents can't unilaterally fire the SEC chair." |
http://tpmelectioncentral.talkingpointsmemo.com/2008/09/mccain_campaign_falsely_attack.php9/19/2008 11:41:27 AM |
Socks`` All American 11792 Posts user info edit post |
Stimwalt, What do you mean continuing to support the GOP? I don't support the GOP (and never have). I support John McCain over Barack Obama for President. Thx. 9/19/2008 12:04:32 PM |
Stimwalt All American 15292 Posts user info edit post |
Why? He's clueless. 9/19/2008 1:27:44 PM |
csharp_live Suspended 829 Posts user info edit post |
I like how McCain is out marching a plan about how to save the economy.
Obama can't yet b/c he has to consult with his "braintrust", AKA AXLEROD HASN'T WRITTEN HIS SPEECH ON IT YET.
lol
And we all thought he had a plan. laff 9/19/2008 1:32:23 PM |
Ytsejam All American 2588 Posts user info edit post |
Why would you support the Republican or Democratic party? Both are equally rotten. 9/19/2008 1:32:55 PM |