Should we all thank McCain for his role in Deregulation and the Financial Crisis?

Of course he said just two weeks ago that the economy was sound. Thanks John, but no thanks; we don't need the McBush/McSame leadership style for another 4 years!Should we all thank McCain for his role in Deregulation and the Financial Crisis?Thank him? No... just let McCain fade into the sunset. In other words, just let him go away.



Edit... HAHAHA! I can't believe the Republicans are spouting stuff they haven't even researched. McCain's 2005 reform bill was ignored by the Republicans. That bill got stuck in Committee. BTW... it was a Republican headed committee since the Republicans had the majority in Congress.



Also, with a Republican President and 6 years of Republican controlled Congress... Why wasn't anything passed to override the Act that Clinton had signed... Which BTW was proposed by Republicans and passed a Republican controlled Congress.Should we all thank McCain for his role in Deregulation and the Financial Crisis?
silly, you need more research. Democrats pushed for bad loansShould we all thank McCain for his role in Deregulation and the Financial Crisis?i thank him for choosing palin..he just handed the election, and his @$$ to the democrats
See I remember that McCain warned Congress in 2005 about how things were set up for a big time issue. Silly me....here I go again drudging up some silly past showing McCain was actually right...again.Should we all thank McCain for his role in Deregulation and the Financial Crisis?Mccain warned Congress about this problem. The Democrats wouldn't listen. This is soley the Democrats fault.Should we all thank McCain for his role in Deregulation and the Financial Crisis?
Not as much as you should Bill Clinton for insisting that those who could not afford the loan got them anyway. You know share the pain.
What a rant. What he said was that the fundamentals of the economy are strong but we are in a crisis now. Should we all thank McCain for his role in Deregulation and the Financial Crisis?
Don't pass up the chance to thank Maxine Waters and the congressional black caucus for threatening discrimination lawsuits if the lenders did not go along with housing loans to the low income people and telling them that they wanted no down payment loans and that welfare and unemployment was to be considered income that qualified for loans.
Yes, we should. Him and that bastard Ronald Reagan.
Well said. And as for these Pubbies that say McCain warned Congress in 2005, pls remember who was in charge back then. It was the Republican party!
This wasn't cause by deregulation, it was caused by BAD regulations. It's too much to explain here. Read this ... http://americanissued.blogspot.com/2008/鈥?/a> This happened because of CRA, a law that requires banks %26amp; savings and loan associations to offer credit to meet the credit needs of their entire community. This law is enforced by federal regulators. This ultimately encouraged Fannie Mae and Freddie Mac to buy mortgages on the secondary market (in which securities are sold by and transferred from one investor or speculator to another) and to sell them as mortgage-backed security aka MBS on the open market. Clinton's revisions allowed for SUBPRIME mortgages. Bush tried to warn, starting back in 2001. Mccain has his name on a BILL about correcting this, the democrats stopped this. Let's get real here ... Democrats are going to have a real hard time pushing this off on Republicans to people that know what's up. The records prove it.
Get your facts straight. McCain never said the economy was sound ... he said ...."fundamentals of our economy are strong".

The definition of fundamentals is:

something that is an essential or necessary part of a system or object



Both parties are to blame for the current economic climate. The fact is that the administration should have gotten involved long before now and the democrats in the house/senate should have served their constituents with excellence and put the American people ahead of their own agendas, which includes endless Bush-bashing. I am not happy with the administration but if the dems had put as much effort into really doing their jobs in Washington as they do in griping about anything republican then there would have really been change despite Bush.





btw ... despite his fancy talk .... Obama is a socialist.