McCain: Obama and "corporate welfare"

[murdoch]

What a laugh I had with McCain calling Obama the corporate welfare guy, and McCain posing himself as the left candidate in that respect. I'm not sure what specific corporate welfare vote he was talking about (there are so many).

But if we are really talking about straight talk - all of Wall Street - the banks, the investment firms, anything tied to real estate - is expecting a massive, multi-billion dollar bailout after the election. In fact, I know people going for mortgages at the bank where the banks are telling them to apply for a loan after the election. The stock market is expecting a massive bailout - if they thought one was not coming, the market would have collapsed more than it has. That is the reality on Wall Street right now, whether or not (more likely not) Mr. and Mrs. John and Jane America know about it.

In fact, it is a fait accompli that if McCain was elected, the first thing he would do on a domestic as well as financial level is put together this multi-billion dollar bailout package. There is no way he would not be able to do so, he could not be elected if it was already not tacitly understood he would do this, and if he changed his mind after the election, the entire US economy would collapse.

So why not just come out and say he will not be bailing out the banks, the lenders, the investment banks and so forth? Because it won't be true. So he says a lot of nonsense about corporate welfare which he knows he will be tossing off the minute he gets elected. The only difference between what Obama and McCain will do is if Obama is elected, the average working stiff with a mortgage will see a small sliver of that bailout, while with McCain they will see none of it.

Or as Dick Armey explained when the Republican congress bailed out airline investors after 9/11 but not airline employees: "the model of thought that says we need to go out and extend unemployment benefits and health insurance benefits and so forth is not, I think, one that is commensurate with the American spirit"

[Name removed]

1. Deleted message

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[d_b]

2. lulz

see ya in '12

[bookman]

3. Go Away Troll

[WorseBeforeBetter]

4. Is that the best you can do? (n/t)

[FVZA_Colonel]

5. We've had a weak troll crop this season.

I imagine the growing conditions will improve when Barack Obama is President, and they are more frequent in appearance.

[Captain Hilts]

6. He's shilled ethanol, but other than that, no, he's not. It won't work. nt