Obama mocks McCain's call to fire SEC chairman - AnabolicMinds.com

Obama mocks McCain's call to fire SEC chairman

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    Obama mocks McCain's call to fire SEC chairman


    "I think that's all fine and good but here's what I think," Obama said. "In the next 47 days you can fire the whole trickle-down, on-your-own, look-the-other way crowd in Washington who has led us down this disastrous path.

    "Don't just get rid of one guy. Get rid of this administration," he said. "Get rid of this philosophy. Get rid of the do-nothing approach to our economic problem and put somebody in there who's going to fight for you."
    So is he suggesting we get rid of the Democrat majority in congress? And not re-elect a democrat president again as it was the CRA and the change in laws that allowed commercial banks to merge with investment houses under Clinton that caused this mess?
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    No no no, he believes it's the Bush doctrine (which is what, exactly?) and all of the decisions Bush and his cronies have made that put us where we are today. Or, at least that is what he would like you to believe.
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    guys, I know your dislike of the dem. party is so strong that it might cloud judgement a bit. Either way, please realize that both parties are guilty of the issues, some for theorigin of it and some for doing nothing about it, and both for greasing their palms while it all happened
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    In 2005 McCain said this would happen, yet the democrat led congress refused to do anything about it.... Obama's attempt is pitiful
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    Quote Originally Posted by EasyEJL View Post
    In 2005 McCain said this would happen, yet the democrat led congress refused to do anything about it.... Obama's attempt is pitiful

    In 2003 Bush said it would happen with Fannie and Freddie. He pretty much spelled it out.
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    Quote Originally Posted by EasyEJL View Post
    In 2005 McCain said this would happen, yet the democrat led congress refused to do anything about it.... Obama's attempt is pitiful

    In 2005 the republicans still controlled congress, just a small tidbit. Yeah bush called the freedie mac fannie mae debacle cause it was his policies that helped to engineer it. Not a hard call.

    :bruce3:
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    Quote Originally Posted by Fastone View Post
    In 2005 the republicans still controlled congress, just a small tidbit. Yeah bush called the freedie mac fannie mae debacle cause it was his policies that helped to engineer it. Not a hard call.

    :bruce3:
    Name the policies that Bush was directly responsible for creating, that allowed this to happen. Maybe Obama is going to ask his advisers what happened, b/c I'm sure they might have the inside scoop.
    This is a WorldNetDaily printer-friendly version of the article which follows.
    To view this item online, visit Fannie Mae, Freddie Mac execs now offering advice to Obama

    Thursday, September 18, 2008
    ELECTION 2008
    WorldNetDaily
    Look who's advising Obama!
    Fannie Mae, Freddie Mac execs
    Senator's links to mortgage giants
    also include campaign contributions
    Posted: September 17, 2008
    9:10 pm Eastern

    By Jerome R. Corsi
    WorldNetDaily


    Fannie Mae headquarters in Washington, D.C.
    NEW YORK – Campaign contributions from Fannie Mae and Freddie Mac made to Barack Obama may backfire if the Democratic presidential hopeful wages an aggressive campaign to cast blame on ***** John McCain and the Republicans in Congress for the mortgage-related losses that forced the U.S. Treasury to take over the quasi-governmental mortgage giants.

    A review of Federal Election Commission records back to 1989 reveals Obama in his three complete years in the Senate is the second largest recipient of Freddie Mac and Fannie Mae campaign contributions, behind only Sen. Christopher Dodd, D-Conn., the powerful chairman of the Senate banking committee. Dodd was first elected to the Senate in 1980.

    According to OpenSecrets.com, from 1989 to 2008, Dodd received $165,400 in Fannie Mae and Freddie Mac campaign contributions, including contributions from PACs and individuals, followed by Obama, who received $126,349 in such contributions since being elected to the Senate in 2004.

    In contrast, McCain warned of the coming mortgage crisis as he pressed in 2005 for regulatory reform of Fannie Mae and Freddie Mac.

    (Story continues below)

    "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac – known as government-sponsored entities or GSEs – and the sheer magnitude of these companies and the role they play in the housing market," McCain said on the floor of the Senate in 2005, speaking in favor of the Federal Housing Enterprise Regulatory Reform Act of 2005.

    McCain pointed out Fannie Mae's regulator had stated the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.

    The bill passed the House but was never brought up for a vote in the Senate, largely because of Democratic opposition to change in the Fannie Mae and Freddie Mac regulatory structure that remained in place until the Treasury takeover two weeks ago.

    As evidenced by the failure to pass the Federal Housing Enterprise Regulatory Reform Act of 2005, the Democrats in Congress have repeatedly fought back Republican Party efforts to reform the two mortgage banking giants.

    Instead, Democrats in Congress have sought to preserve the quasi-governmental status of the mortgage giants, seeing Fannie Mae and Freddie Mac as places to locate former top Democratic Party operatives, where they have earned millions in compensation, despite a continuing series of financial scandals. Enron-like accounting manipulation, for example, boosted earnings to a level at which massive executive bonuses could be paid.

    In the aftermath of the U.S. government takeover, attention has focused on three Democrats with close ties to Obama who served as Fannie Mae executives: Franklin Raines, former Clinton administration budget director; James Johnson, former aide to Democratic Vice President Walter Mondale; and Jamie Gorelick, former Clinton administration deputy attorney general.

    All three Obama-related executives earned millions in compensation from Fannie Mae.

    Johnson earned $21 million in just his last year serving as Fannie Mae CEO from 1991 to 1998; Raines earned $90 million in his five years as Fannie Mae CEO, from 1999 to 2004; and Gorelick earned an estimated $26 million serving as vice chair of Fannie Mae from 1998 to 2003, according to author David Frum, a fellow at the American Enterprise Institute.

    All three have been involved in mortgage-related financial scandals.

    In 1998, according to the Washington Post, Gorelick, as Fannie Mae vice chairman, received a bonus of $779,625, despite a scandal in which employees falsified signatures on accounting transactions to manipulate books to meet 1998 earning targets. The moves, in turn, triggered multi-million-dollar bonuses for top executives.

    Gorelick was embroiled in another controversy over an alleged conflict of interest when a 1995 memo she authored as deputy attorney general surfaced while she was a member of the 9/11 commission.

    The memo, which became known as the "Gorelick Wall," appeared to establish barriers that barred federal anti-terrorist criminal investigators from accessing various federal records and databases that may have assisted them in their criminal investigations.

    According to the Associated Press, Raines and several other Fannie Mae top executives were ordered in a civil lawsuit to pay nearly $31.4 million for manipulating Fannie Mae earnings over a period of six years to trigger their massive bonuses.

    Raines was also forced in the settlement to give up Fannie Mae stock options valued at $15.6 million.

    Last year, the Securities and Exchange Commission alleged Freddie Mac had engaged in accounting fraud from 2000 to 2002, imposing a $50 million fine on the company and on four executives fines for amounts ranging from $65,000 to $250,000.

    Raines currently advises Obama on housing policy.

    Johnson was appointed to head Obama's vice presidential selection committee, until a controversy concerning an alleged $7 millions in questionable real estate loans he received on favorable terms from failed sub-prime mortgage lender Countrywide Financial surfaced and forced him to step down.

    WND previously reported a panel chaired by Elena Kagan, dean and professor of law at Harvard Law School, speculated at the June two-day meeting of the American Constitution Society that Gorelick was a possible attorney general cabinet appointment if Obama should be elected president.

    The decision by the U.S. Treasury to take over Freddie Mac and Fannie Mae could end up costing the U.S. taxpayer as much as $100 billion, although the extent of losses at the two giant mortgage companies remains to be determined.

    According to the Wall Street Journal, Freddie and Fannie own or guarantee about $5.2 trillion worth of mortgages.

    The riskiest loans held by Freddie and Fannie are known as "Alt-A" and sub-prime mortgages, worth about $780 billion, or about 15 percent of the total portfolio.

    The federal government takeover of Freddie and Fannie passes to U.S. taxpayers the contingent liability for failures in the entire $5.2 trillion loan portfolio held by the two mortgage giants.

    Over the past four quarters, Freddie and Fannie have suffered losses of about $14 billion, as the mortgage market has been hit by a wave of defaults and foreclosures not seen in the U.S. since the 1930s.
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    Quote Originally Posted by Fastone View Post
    it was his policies that helped to engineer it

    Please enlighten me
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    Quote Originally Posted by Rugger View Post
    Please enlighten me

    Oh I can't wait for this one.
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    you do realize that while all this was going on (and starting in the 90's) who was in control of congress????????

    remember, it has only been 2 years of the dem. controlled congress (yes, 2 horrible years), but 2 years none the less.

    Point being, both parties are in pretty deep with this. For either party to completely blame the other is downright laughable.
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    Quote Originally Posted by Reaper329 View Post
    you do realize that while all this was going on (and starting in the 90's) who was in control of congress????????

    remember, it has only been 2 years of the dem. controlled congress (yes, 2 horrible years), but 2 years none the less.

    Point being, both parties are in pretty deep with this. For either party to completely blame the other is downright laughable.
    That's the sad part about many of these politicians because they'd rather spend their time on blaming others rather than doing their jobs. I know some aren't in this category but we'd be further along if some whack jobs would just be banned from politics
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    I agree IW, there are so many that are in this for the $$$ and power, that they lose sight of why they were elected in the first place
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    Quote Originally Posted by Reaper329 View Post
    guys, I know your dislike of the dem. party is so strong that...
    I think it is more accurately a dislike for "Obama", not necessarily for the "Democratic Party".
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    In case anyone is interested, here is The Wall Street Journal's editorial on the McCain comment: McCain's Scapegoat - WSJ.com

    "McCain's Scapegoat

    John McCain has made it clear this week he doesn't understand what's happening on Wall Street any better than Barack Obama does. But on Thursday, he took his populist riffing up a notch and found his scapegoat for financial panic -- Christopher Cox, the chairman of the Securities and Exchange Commission.

    To give readers a flavor of Mr. McCain untethered, we'll quote at length: "Mismanagement and greed became the operating standard while regulators were asleep at the switch. The primary regulator of Wall Street, the Securities and Exchange Commission (SEC) kept in place trading rules that let speculators and hedge funds turn our markets into a casino. They allowed naked short selling -- which simply means that you can sell stock without ever owning it. They eliminated last year the uptick rule that has protected investors for 70 years. Speculators pounded the shares of even good companies into the ground.

    "The chairman of the SEC serves at the appointment of the President and has betrayed the public's trust. If I were President today, I would fire him."

    Wow. "Betrayed the public's trust." Was Mr. Cox dishonest? No. He merely changed some minor rules, and didn't change others, on short-selling. String him up! Mr. McCain clearly wants to distance himself from the Bush Administration. But this assault on Mr. Cox is both false and deeply unfair. It's also un-Presidential.

    Take "naked" shorting, in which an investor sells a stock short -- betting that it will fall in price -- without first borrowing the shares he is selling from an investor who owns them. The SEC has never condoned the practice, and since 2005 it has clamped down on short selling in any stock that shows evidence of naked shorting. The SEC further tightened its rules against naked shorting just hours before Mr. McCain excoriated Mr. Cox for doing nothing.

    The rules announced Wednesday will increase penalties and close loopholes that exempted broker-dealers from the rules against naked shorting. They also make it clear that deliberately selling short a stock whose shares cannot be borrowed is fraud under the Securities Exchange Act. That's all to the good, we suppose; fraud is fraud. But regular short selling is not fraud. It adds valuable information to the market about what investors believe to be the price direction of a stock. Demonizing short-sellers as a band of criminals, or barring short-selling outright in financial stocks, as regulators in the U.K. did Thursday, removes information from the market.

    Then there's Mr. McCain's tirade against the "uptick rule," a Depression-era chestnut that investors could only short stock after a rise in that stock's price. The SEC staff studied the effect of the uptick rule on prices for years, in a controlled experiment involving thousands of stocks. It found the rule had no effect. Other studies, including those that examined the uptick rule's effect on stocks disclosing bad news, also found that it "protected" no one. The SEC's permanent staff has long supported repeal and the SEC's commissioners voted to do so unanimously in June 2007.

    While he was at it, Mr. McCain added the wholly unsupported assertion that "speculators pounded the shares of even good companies into the ground." It wasn't very long ago that he blamed speculators on the long side for sky-high oil prices. Then oil prices fell. Now Mr. McCain wants voters to believe speculators are responsible for driving mismanaged financial companies to ruin. The irony is that this critique puts Mr. McCain in the same camp as some of the Wall Street CEOs who have led their firms so poorly. They also want someone (else) to blame.

    In case Mr. McCain is interested, overall short interest in financial companies actually declined by 20% between July and the end of August. That's right: Far from driving this crisis, shorts were net buyers of financial stocks this summer, as they must buy stocks back to close their positions and realize their gains (or losses).

    In a crisis, voters want steady, calm leadership, not easy, misleading answers that will do nothing to help. Mr. McCain is sounding like a candidate searching for a political foil rather than a genuine solution. He'll never beat Mr. Obama by running as an angry populist like Al Gore, circa 2000."
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    note this is an "editorial" not an investigative article by the WSJ staff, so also just an opinion piece. also pretty comical
    The SEC further tightened its rules against naked shorting just hours before Mr. McCain excoriated Mr. Cox for doing nothing.
    Yes, I could see how closing the barn gate after the cows escape is really a sign of doing something.

    This is all a standard case of the difference between more regulations vs better and enforced regulations. You dont need tons of new regulations if the previously existing ones weren't being enforced.
    Amazing that Obama's financial advisors are all ex-ceo's + CFOs of the companies we are currently bailing out.
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    Quote Originally Posted by EasyEJL View Post
    note this is an "editorial" not an investigative article by the WSJ staff, so also just an opinion piece. also pretty comical


    Yes, I could see how closing the barn gate after the cows escape is really a sign of doing something.

    This is all a standard case of the difference between more regulations vs better and enforced regulations. You dont need tons of new regulations if the previously existing ones weren't being enforced.
    Amazing that Obama's financial advisors are all ex-ceo's + CFOs of the companies we are currently bailing out.
    Considering the Wall Street Jr. is basically in bed with those who run the SEC, its not surprising they disagreed. However, the issues McCain have brought up have been echoed in the trading community for the last 2 years. Cox is horrible. The banning of shorts is moronic. The blatant abuse of naked short selling is something you as the public should never want (which he let run rampant) and the reintroduction of the "uptick" rules has been called for by almost everyone.

    The Wall Street Journal simply doest like one of their guys being called out for the complete idiot that he is.


    ..but it seems strategicmove has become the new McCain basher so I'm not surprised. If someone explained to people what has been going with the SEC in the last 2 years, they would all agree with McCain.
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    the funny thing is, if you look at the ownership of the Wall St. Journal, and their history, specifically in their editorials, which has been predominantly biased towards the conservatives, this is a bigger story.

    However, as much as the Repubs here will bash anything Obama, and the Dems anything McCain, I am not overly surprised that many are not seeing this story for what it is. I guess looking at the history of the paper and its biases is not important.
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    umm hello editorial. not a staff writer.
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    Quote Originally Posted by EasyEJL View Post
    umm hello editorial. not a staff writer.
    umm hello, I noted that in the response


    the funny thing is, if you look at the ownership of the Wall St. Journal, and their history, specifically in their editorials, which has been predominantly biased towards the conservatives, this is a bigger story.
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    Quote Originally Posted by Reaper329 View Post
    the funny thing is, if you look at the ownership of the Wall St. Journal, and their history, specifically in their editorials, which has been predominantly biased towards the conservatives, this is a bigger story.
    In which McCain has disagreed with many times. Do you think the Wall Street Jr. was in favor of McCain regulating Fannie and Freddie in 2003 and 2005? They hammered him. Don't you wish that actually went through now?

    However, as much as the Repubs here will bash anything Obama, and the Dems anything McCain, I am not overly surprised that many are not seeing this story for what it is. I guess looking at the history of the paper and its biases is not important.
    How am I not seeing for what it is? Cox is a Republican. I am a Republican. Cox is an idiot and is completely incompetent. How is that not seeing what the story is?


    If you want to go down this issue by issue then lets do it because I guarantee after the fact you will agree with everything McCain has proposed here...simply because its been echoed for years.
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    Quote Originally Posted by Reaper329 View Post
    umm hello, I noted that in the response
    well, I dont see how occasionally printing an opposing view in a periodical effects their long term standings or overall feeling.

    Fox had obama on, does that make them a liberal station now?
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    Quote Originally Posted by EasyEJL View Post
    well, I dont see how occasionally printing an opposing view in a periodical effects their long term standings or overall feeling.

    Fox had obama on, does that make them a liberal station now?
    I dont see how this relates. The WSJ is known for being a bastion of conservatism, as has been displayed throughout the paper for years, as well as in their editorial section. I am not claiming that they are liberal, I am saying that since a typically CONSERVATIVE paper is bashing the republican candidate for President, it could be noted as a big deal.

    See, that is why your above quoted comment makes little to no sense
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    Quote Originally Posted by strategicmove View Post
    I think it is more accurately a dislike for "Obama", not necessarily for the "Democratic Party".

    Actually its the opposite for me. If you got rid of Reid, Pelosi, Schumer, Dodd, Biden, Frank, Dean, Rangle, and all the people who run the DNC, I would be just fine.

    When Obama starts to cater to those above, that's when the problem occurs. The reason he was acutally considered by many (even Republicans) is because he wans't tightly tied with the list above. That seems to be changing which is unfortunate.
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    Quote Originally Posted by J. Peterman View Post
    Actually its the opposite for me. If you got rid of Reid, Pelosi, Schumer, Dodd, Biden, Frank, Dean, Rangle, and all the people who run the DNC, I would be just fine.

    When Obama starts to cater to those above, that's when the problem occurs. The reason he was acutally considered by many (even Republicans) is because he wans't tightly tied with the list above. That seems to be changing which is unfortunate.
    I actually agree here, especially with people like Reid, Dodd and Pelosi. However, back in 2000 many dems were interested in McCain as he was seen as a bit of a centrist, however the 2000 version and the 2008 version are entirely different, and he has really bent to the religious right. Which is a shame, as 8 years ago the title of Maverick was true, and he would have had my vote
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    Quote Originally Posted by Reaper329 View Post
    I actually agree here, especially with people like Reid, Dodd and Pelosi. However, back in 2000 many dems were interested in McCain as he was seen as a bit of a centrist, however the 2000 version and the 2008 version are entirely different, and he has really bent to the religious right. Which is a shame, as 8 years ago the title of Maverick was true, and he would have had my vote

    Personally I think McCain had to sell his soul to get to the position where he's at now. Maybe he would like to have a different running platform, but the money wouldn't be there if he was a true Maverick.
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    Quote Originally Posted by Reaper329 View Post
    I actually agree here, especially with people like Reid, Dodd and Pelosi. However, back in 2000 many dems were interested in McCain as he was seen as a bit of a centrist, however the 2000 version and the 2008 version are entirely different, and he has really bent to the religious right. Which is a shame, as 8 years ago the title of Maverick was true, and he would have had my vote

    I think there are many instances in the last 8 years that can easily confirm the "maverick" title. This idea that he himself has gone to the religious right is extremely overblown. The social issues that drive liberals crazy when it comes to the right will never be implemented. If they haven't during George Bush and a Republican Congress, they certainly will not under John McCain. As some feminists are starting to state, Democrats have routinely used them as wedge issues based solely on fear rather than reality. Its the same as the extreme right making you completely fearful that someone is going to bomb you tomorrow.
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    Quote Originally Posted by CryingEmo View Post
    Personally I think McCain had to sell his soul to get to the position where he's at now. Maybe he would like to have a different running platform, but the money wouldn't be there if he was a true Maverick.

    Have you even listened to him in the last 3-4 weeks? His platform isn't even close to being one of a true conservative or someone of the religious right. Its pure populist.

    I don't understand how anyone can state he sold his soul when he criticized his own party in his acceptance speech. He gave the right a figurehead with Palin.....that's about it.
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    Quote Originally Posted by EasyEJL View Post
    ...
    Amazing that Obama's financial advisors are all ex-ceo's + CFOs of the companies we are currently bailing out.
    And conveniently forget that at least two former lobbyists of "the companies we are currently bailing out" are still McCain campaign advisers. You always see what you want to see!
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    Quote Originally Posted by J. Peterman View Post
    ...

    ..but it seems strategicmove has become the new McCain basher so I'm not surprised....
    I do not want to be called a "McCain basher". I am just upset that he is given benefit of doubt on every possible subject, while Mr. Obama is subjected to a completely different type of rigorous assessment. Rigourous assessment is fine. I just insist that both candidates should be subjected to it, not just Mr. Obama.

    Quote Originally Posted by J. Peterman View Post
    If someone explained to people what has been going with the SEC in the last 2 years, they would all agree with McCain.
    McCain is suddenly the voice of reason in terms of Wall Street. I'll leave it a that!
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    Quote Originally Posted by Reaper329 View Post
    ...however the 2000 version and the 2008 version are entirely different,.... Which is a shame, as 8 years ago the title of Maverick was true, and he would have had my vote
    This is exactly the same point I made in a different thread! McCain has transformed himself! I wonder if this transformation has anything to do with political opportunism?!
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    Quote Originally Posted by strategicmove View Post
    This is exactly the same point I made in a different thread! McCain has transformed himself! I wonder if this transformation has anything to do with political opportunism?!
    And obama never does that. Like the one day he's talking to the israeli group and says no way jerusalem would ever be divided and wreck israeli sovereignity and the next day talking to a palestinian group that jerusalem must be split as palestinians have a right to their holy land? That wouldnt be political opportunism would it? You as well only see what you want to see.
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    Quote Originally Posted by EasyEJL View Post
    And obama never does that. Like the one day he's talking to the israeli group and says no way jerusalem would ever be divided and wreck israeli sovereignity and the next day talking to a palestinian group that jerusalem must be split as palestinians have a right to their holy land? That wouldnt be political opportunism would it? You as well only see what you want to see.
    Perhaps! I usually refrain from arguments like this because they can be continued forever. Let me just conclude my contribution in this thread by saying concepts such as "Group think", "Deduction", and "Induction", can help clarify a lot of things! And I say this without any intention of sounding pedantic.
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    Quote Originally Posted by EasyEJL View Post
    And obama never does that. Like the one day he's talking to the israeli group and says no way jerusalem would ever be divided and wreck israeli sovereignity and the next day talking to a palestinian group that jerusalem must be split as palestinians have a right to their holy land? That wouldnt be political opportunism would it? You as well only see what you want to see.
    Easy, you sound like an angry sibling. "Well I did it b/c Obama did".

    Both sides are guilty of this, that is why this is a choice of two bad candidates
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    true but of the 2 mccain has been far more willing to go against the wishes of his party, which that alone makes him a better candidate. He has really worked reaching across the aisle to create bipartisan bills. Obama is the most liberal voting senator, voting strictly as he is told to by party leaders. Not innovative and new and "shaking up washington" as his rhetoric says.
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    Quote Originally Posted by EasyEJL View Post
    true but of the 2 mccain has been far more willing to go against the wishes of his party, which that alone makes him a better candidate. He has really worked reaching across the aisle to create bipartisan bills. Obama is the most liberal voting senator, voting strictly as he is told to by party leaders. Not innovative and new and "shaking up washington" as his rhetoric says.
    honestly, that does not make him a better choice IMO. They both are bending over for their parties, so lets face the facts, neither are a good choice

    also, going against hte republican party at this time, is probably the best thing to do, considering the soon to be gone administration and its current ratings
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    Quote Originally Posted by Reaper329 View Post
    considering the soon to be gone administration and its current ratings
    which is still 50% higher than the rating of the democrat led congress....
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    So let me get this straight....you should go against your party so you can appeal to the 10% independent swing vote at risk of alienating the 30% that agree with Bush?

    I guess that political opportunity is showing itself again as it did with the surge.

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    Quote Originally Posted by EasyEJL View Post
    which is still 50% higher than the rating of the democrat led congress....
    What did the republican led congress do that was so great btw

    :bruce3:
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    Quote Originally Posted by EasyEJL View Post
    which is still 50% higher than the rating of the democrat led congress....
    wait, I am the first to hit the dem lead congress about being a waste of time. Read some of the other threads, however, Congress and President are 2 entirely different things at this point. Both that are in power now have been a disgrace to their respective offices
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    Quote Originally Posted by J. Peterman View Post
    So let me get this straight....you should go against your party so you can appeal to the 10% independent swing vote at risk of alienating the 30% that agree with Bush?

    I guess that political opportunity is showing itself again as it did with the surge.

    As a matter of fact it was a good strategic move. He knows that many, many republicans are fed up with what they see, so any moderate republican, indy, or just a republican that is tired of what they see will respond. It was great for him, and for the maverick image, which he has not truly had in years IMO.

    Also, that 30% you speak of are not a concern. Where are they going to go? Vote for Obama? Highly unlikely
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