It was giving those lousy poor people and minorities mortgages that did us in! Harumph. What a load of bull. The mortgages aren't the problem. There has always been high risk credit, there will always be high risk credit. What has created this mess is the packaging of high risk credit with solid credit and selling them as securities (in a process called tranching). The high risk credit has polluted the good credit. That is what the whole bailout is about. It's to decouple the crap loans from the good loans because the crap loans have infected everything and frozen the liquidity markets. This was exacerbated by the unregulated ability to SELL the possibility of defaults in credit default swaps (this is specifically what brought down AIG). All of this nonsense was made possible by Phil Gramm's Commodities Futures Modernization Act that shielded all of this from regulation. That little gem is a two-fer as it also let Enron do all sorts of shenanigans (Phil Gramm should frankly be in jail instead of being McCain's pick for Treasury Sec). Claiming that it was anything else is just stupid and uninformed.

about fixing the problem he would have stayed hundreds of miles away from D.C. He isn't needed (he's not on the proper committee and has flatly stated in the past he doesn't understand economics) and has injected presidential politics into a critical policy debate. There is a reason Congress doesn't do big legislation close to election time and McCain has shat all of the process to further some bizarre narrative. He should be ashamed of himself. Country first? Ha!

First I was puzzled, since I knew the circumference of the earth is a little under 25,000 miles. How could you do it in 17,400 miles? Then I recalled that nautical miles are 1.15 statute miles, but that still comes up about 5,000 miles short. What am I missing?

It's approx 25k miles at the equator. You can get around the globe in fewer miles flying at higher and lower latitudes.

FIfty-six percent said the plan Congress passes should be different from the one proposed by the Bush administration, which formed the basis of Thursday's deal.

This is flat-out untrue. The deal was for a significantly modified proposal that included things added to the completely bare-bones proposal of the Bush administration to just give the money to Sec. Treas. with no oversight and no strings. The Bush adminsitration had completely caved on most of the major issues brought up by Congressional Democrats before Boehner and McCain torpedoed it. Unless you want to claim that this falls into the sphere of "basis" (which would be a rather asinine assertion), your statement makes no sense.

What is McCain's position on what the deal should be tiberius? I defy you to tell what it is. McCain's advisor was on NPR this morning and flat-out said that McCain hasn't taken a position on what the deal should be. How can he get credit for doing anything when he hasn't articulated a single policy position?

How about you answer my question?

What policy position has McCain taken with respect to the bailout? What deal or compromise or even proposal is he pushing right now?

The only nuts around are these buffoons. It's really becoming aparent that the possibility of losing the presidency has driven these people completely insane.

You people and your pesky "facts". Sheesh.

I'm sure its rough on him to see his guy and his championed VP go down in flames. It's getting to be almost embarassing at this point how much of a trainwreck McCain/Palin is. Wildly flailing at the media for having the temerity to actually do its job is about the only thing they have left. Whining is the ultimate refuge of the defeated, so just bask in it. It's glorious.

It's hard not to be attracted to a car-wreck in progress. They kicked Obama around for months. This is their new toy. The fact that she is so laughably stupid just ups the factor.

but at least spell my name right. I really don't care, just find it funny. This is the interweb tubes after all.

I wanted to talk about Barack Obama increasing taxes, which would lead to filling jobs

Can someone decipher this for me? How is "filling jobs" a bad thing as that would imply that it creates jobs that need to be filled!

supposably

I hate the misuse of this word.

Anyways, so sorry Sarah that the mean interviewer actually wanted to ask you a question instead of give you blank air time to spout your nonsense.

Interesting. Especially since Hugh McColl, the guy who built BoA to where it is today for the most part, just recently endorsed Obama. The crowd reaction will be interesting as John & Cindy were previously booed at the Sylvania 300. Of course that was New Hampshire instead of North Carolina.

Does anyone seriously think that McCain has any role in the running of his campaign at this point? Seems like he is just being swept along.

Sorry to intrude on your little bubble, but George W. Bush of all people actually adopted a lot of Ayers' principals with respect to juvenile justice matters (the subject of his book).

These assholes just convinced an en banc panel of the 6th Circuit that all new registrations in Ohio must be matched with another government data despite the near impossibility of doing so before the election happens.

http://www.msnbc.msn.com/id/27188603/

The GOP knows no shame. The phony "voter fraud" nonsense is disgusting to watch.