Friday, May 30, 2008

239. Taking a Moment to Look at Senator John McCain

There's a lot of information out there. We know he's the Republican nominee for U.S. President. So here's very small bit. (And please don't snipe, I'll be looking for more to get a fuller picture.)

Republicans endorsed McCain because he is a Republican, not an independent or "maverick." If you're a Republican who liked George W. Bush's policies, McCain is a good choice for you. If you're anyone else, you might want to take this Challenge-Bush or McCain?


Lil' Hammerhead said...

I'm a staunch liberal.. so I'm by no means "for McCain", but that second video, was a bit unfair. You can't simply blanket folks who have wealth, with a lack of understanding for the regular working guy. The video never really did explain exactly why he doesn't understand the regular guy. It simply insinuated that, because he has wealth.. he doesn't.

Saipan Writer said...

McCain said that people who were losing their homes to foreclosure should tighten their belts a bit and get a second job. In that context, his own personal wealth helps explain his lack of ability to see the scope of the situation.

He's failed to grasp that economic problems are not always self-induced, that government policies can and do have an impact on the lives of the poor, and that it will take more than a bit of budgeting to address poverty.

Lil' Hammerhead said...

The foreclosures do not make your point. Personal responsibility was required there.. if you don't have the means to pay a loan, even if the bank is willing to give you one.. you don't take it. You don't apply in the first place. My family doesn't have a home.. because we couldn't afford to make the monthly payment. We could have gone to a bank and probably gotten a loan for one, as we have outstanding credit.. but we excercise personal responsibility and don't get into something we understand we will have trouble paying for.

Again, McCain has his problems, but he also has his points. The banking industry behaved badly, by giving loans to alot of folks who simply shouldn't have been given loans. At the same time, individuals should have been responsible enough not to obligate themselves to expenses that they certainly couldn't handle.

KAP said...

McCain was more than willing to help Charles Keating's S&L... of course that involved hundreds of thousands in contributions.

And not understanding? You betcha. He got into the Naval Academy because of daddy (bottom of the class, the Admiral couldn't help him there). Must be why he thinks the GI bill isn't worth supporting.

Elitist snob.

Saipan Writer said...

Lil, the current mortgage foreclosure situation is a lot more than tons of individual people making bad choices.

Unless you want to go back to the middle ages, "caveat emptor"--buyer beware, meaning if you've gotten screwed by a scam artist it's your own fault. So let's not make any laws against scams and fraud and tricky sub-prime lending deals...all in the name of a free market.

I'm all for personal responsibility, but I'm not in favor of closing my eyes to the larger picture and organized crime.

As for McCain--KAP, I love journalists who seem to remember everything.

Lil' Hammerhead said...

Oh, there's plenty of blame to put at the feet of the banking institutions as well.

And speaking of money-lending institutions.. how does "Wells Fargo" here get away with doing what they're doing? 27% interest (or more possibly). Loans aimed at those unable to acquire them at other (possibly more credible) institutions. I've heard so many sad stories about individuals sucked into loans at Wells Fargo, who simply will never be able to repay them.

Banking laws here are incredibly weak.