Senator John McCain embraces socialism during last night’s debate
Posted by Mike Sylvester - 10/8/08 @ 10:10 pm - Filed Under 2008 National Elections, National Politics
John McCain is, and always has been a moderate Republican. He would have to be considered pretty close to the political center by any objective person.
Last night Senator McCain did what he could to ensure that he is defeated in the upcoming election. Senator McCain keeps trying to reach out to moderates and Democrats when he should instead be focusing on conservatives.
His commentsabout bailing out homeowners who cannot afford to pay their home mortgages sounds like something a socialist or fascist would advocate rather then a conservative.
He wants to take 300 billion dollars of the 700 billion dollar bailout package and use it to bailout out certain home owners and write off a portion of their mortgage principle and negotiate a 5% interest rate fixed rate loan.
In other words he wants to reward people who made bad decisions by borrowing money we do not have and using that money to pay down the principal of these mortgages and refinance them at lower interest rates then most Americans have.
Good grief.
Mike Sylvester
P.S. Yes, I am voting Libertarian for President. Bob Barr has my vote for certain…
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22 Responses to “Senator John McCain embraces socialism during last night’s debate”
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I really wish you would pack your bags and leave the republican party. Your just a libertarian.
Penny Wise,
I wish you would pack your bags and leave the Republican Party so that it could become a Party that supports smaller government.
I would like to hear from ANY Republicans that think McCains most recent plan is Republican or conservative…
It is socialist or facist.
Mike Sylvester
What’s Bob Barr’s position on the bailout? Wait….no one cares.
Mike,
I am with you buddy. McCain’s proposal made me want to vomit. Is he kidding? Why should people get rescued from their horrible financial decisions. Heck, if McCain by some miracle gets elected, homeowners that are behind on their mortgages should just stop paying altogether and wait to be bailed out.
Nuts, and you are right. His nail was already in his coffin, but that proposal was the equivalent of a sledgehammer coming down flush on the head of that nail.
As James Carville said on CNN two nights ago after the debate “call in the dogs and light a fire, this hunts over” (I am sure this quote makes perfect sense in cajun country).
Game, set, match.
“Why should people get rescued from their horrible financial decisions. Heck, if McCain by some miracle gets elected, homeowners that are behind on their mortgages should just stop paying altogether and wait to be bailed out.”
And when it comes to Banks and Insurance companys, most folks feel the same way. How about a 400,000 dollar party for the people that SUCKED in most of the homeowners that made “horrible financial decisions” aided by an administration that was so Hell Bent on “de-regulation” (that terrible liberal term).
Banks and mortage companys that are short on cash should just go party and wait to be bailed out!
Which way do you want it Mr. Green Jeans?
John Colgate,
As you know I do not want to bailout ANYONE.
Mike Sylvester
Keith,
Sadly your comment is true. No one cares about any candidates other then the nominee of the Reps and Dems.
Mike Sylvester
No one cares Mike? Barr doesn’t have a prayer, so in my mind you’re voting for Obama. Is that who you want to win???
Penny Wise,
I do not want Obama to win; however, I cannot vote for McCain.
I am sick and tired of voting for the lesser of two evils.
For decades a majority of people I have spoken to tell me year after year “I vote for the lesser of two evils.”
I refuse to do it.
Mike Sylvester
Okay Mike,
So if Obama wins, you won’t have much right to bitch about him the next four years.
McCain knows or should know what it takes to get the votes of fiscal conservatives. But he voted for the bailout anyway. I’d say that he less likely to cut spending and balance the budget than Bob Barr is to win this election. If cutting federal spending is what you hope to get out of this election, then there is little point in voting for McCain.
I still think that Barr still has a slight hope. It may be as likely as the Houston Texans making the playoffs, but it is still within the realm of possibility. Every election, I think that if both parties do something really dumb then we have a shot. I thought the bailout might have been enough, but maybe McCain and Obama can come up with a “bolder” economic plan in the final stretch. But even if you think Barr won’t win, a vote for Barr lets politicians know that they will have to cut spending to get your vote.
Sadly Bob Barr could not get a thing done. No one would listen and government would become a nightmare. If such can, be considering where we are at.
I have to vote for McCain considering if I do not vote or cast a vote for Barr I might as well vote for Obama.
This is so sickening.
Enders you are wrong. The Houston Texans are a team in the NFL and so there is some chance, however small, that they may make the playoffs. The chances of Barr winning are akin to the chances of a peewee football team from Fort Wayne making the NFL playoffs. No way, no how, no Barr.
Penny Wise,
Your comment makes little sense to me. I am not voting for Obama because he is a socialist in my opinion. I am not voting for McCain because he is almost a socialist in my opinion.
I am voting for Bob Barr because he believes in smaller government. That being said, I agree Bob Barr will not win the election.
If Obama wins it is not my fault. It is the fault of the Republican Party for deviating from its path so far that it nominated John McCain.
Mike Sylvester
JQ Taxpayer,
I entirely disagree with your comment that Bob Barr would get nothing done.
All he would have to do is propose common sense solutions and appeal to the American people, he culd get plenty done.
You further say Government would “become a nightmare?” Government is already a nightmare, why would Barr make it worse. Please give some specific examples.
Mike
Mike,
I am not saying his ideas would not work. Heck they could but he would need congress. Look at them now! He would have no clout with either party. It is Congress.
My comment was
No one would listen and government would become a nightmare. If such can be considering where we are at.
The second sent. qualified the first. It is already a bloody NIGHTMARE!!!
I called my buddy and here is what he heard about the McCain plan. I told him if it was true then McCain needs to spell it out.
Say you have a $300,000 mortage @ 5.75% for 30 years would give you a payment of $1,750. That returns $630,000
The person who would qualify for the “bailout mortage” would need good credit prior to the loan. Has paid the loan when at lower plan. Needs to meet current “standard” debt loads and so forth. In other words, if you did not qualify corretly the first time you are not getting a new mortage. So the true “subprime” qualified people are SOL.
The house is now worth $250,000. The new mortage would be for $250K at 6.25% over 35 years. The payments would be $1459 a month. This would yield total payments of $616,560.
Plus the person with the new mortage will only be able to take 75% of the interest off their taxes.
Also there would be a clause on resale on spliting on the profits up to the $50K the government ate.
On mortages that do not qualify the government would take ownership and lease them back on yearly leases. As the market recovers these home will be sold, with the person leasing the home having first shot to purchase it. If they can not then the house will be sold. The idea is so entire areas are not flooded with “for sale” signs driving prices even lower for the remaining homes.
Yes, in the end to government will end up eating some houses mortages and maybe only recovering partial amount.
Houses where the home owner does not qualify for either plan they will have to move out and the government will sell it.
The prof that explained it to me had not heard what the final numbers in what the government will end up eating in losses. But it would be a great deal less then the $300,000,000,000.
Like everything else the devil is in the details.
I am not thrilled about it but I may be able to live with it.
JQ,
If Barr did not have support of Congress, all that would mean is that most new legislation would need a veto proof majority. That would actually be a good thing.
The “Maverick” had a chance to win this election by opposing the bailout. He blew it. I suppose he still has a good shot at winning Indiana; perhaps you can pat yourself on the back for keeping Indiana red one last time.
Robert,
I have supported 3rd party canidates in the past. I voted for them also. I knew sadly they would not win but voted for them in “protest!”
Robert, I am from the middle. That is why Souder is not getting my vote. I don’t think Daniels will get my vote but considering what the Demos did the last time we had huge SURPLUS.
I do not push a key on a voting machine because it just has a “D” or “R” next to a name. I am not from the far right.
I disagreed with Daniels strong on sending the processing of Medicad program private. I have a neighbor who filed a claim back in March of this year and they still are deciding on if they are going to cover it. The person needs additional surgery but it is being held off until they find out if Medicad going to cover it. Oh, yes they got laid off prior to the March claim, they could not afford the $1,300 a month cobra payment, had no insurance, and have since filed Chapter 13. Yes, they are also going to loose their house they have owned and made every payment on for over 20 years.
Robert Enders,
I agree with you Barr does have a chancem, albeit slim. However, at this point he must develope a catchy slogan.
Do you still have an active trademark on “Give me Liberty or Give me Cancer” which you used during your state legislative run?
Robert,
I have a better chance of playing pick-up-sticks with my butt cheeks, then Barr does of getting 1 electoral vote.
Dell Griffith.
Green Jeans
I came up with that catch phrase after my state legislative run. Trademarks do not usually apply to campaign slogans.
Dell Griffith
One Libertarian candidate did receive an electoral vote in 1972. Thank you for sharing your hobby with us, but I strongly advise you to keep pointy objects such as pickup sticks away from your sensitive areas.
JQ,
What policies does McCain support and Obama oppose that make you want to vote for McCain?
Robert,
National Health Care - We already have a mess with Medicare. The end of company supported/sponsored coverage would be dead within five years.
He supports a total protcol system of treatment. That there will be written PROCEDURE REQUIREMENTS as to what doctor can do in your treatment. If you show some test result that a doctor looking at just your case decided he needed one other test it would not be covered under the protcol system. Your treatment would be fully decided by some people that know nothing about you or your doctor.
Currently we are going into the hole nearly 500 billion a year. The war is costing us around 120 billion a year. He is going to pull us out of Iraq at some point. He is going to use 90 billion of the 120 to fund his health care program. That means we will be only going into debt 410 billion a year.
Capitol Gains Tax - The charts show, outside of 1 or 2 year periods that increasing the capitol gains tax has resulted in the government taking in less money from such tax.
Crime - Obama supports and offered changes in Illinoise that NO MINOR would/could could be bound over to adult court. Period, regardless to the crime.
The taxpayers would pay for convicts, regardless to crime, would get a free ride at some univ. after they are released. While those who abided by the law would have to fend for themselves.
Income taxes - You will never see that big tax cut. If you do, then it will just add to the amount of money our government owes China.
Corp Income Tax - Obama will increase it, which will come directly from the profits of these companies. That means less money to hire new employees, expand, research, and pay dividends. Like 401-K accounts and other retirement funds.
I am not thrilled about John McCain either. But I have to vote for who I think will do the best (or least harm).
We will not even get into the other issues as they do not belong under this thread.