Comments on: Can John McCain Read? Does He Read? http://www.thebigdaddyweave.com/2008/09/can-john-mccain-read-does-he-read.html?utm_source=rss&utm_medium=rss&utm_campaign=can-john-mccain-read-does-he-read News & Commentary About All Things Baptist Sat, 04 Feb 2012 19:32:01 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: kareng http://www.thebigdaddyweave.com/2008/09/can-john-mccain-read-does-he-read.html#comment-2428 kareng Sat, 27 Sep 2008 21:02:00 +0000 http://www.thebigdaddyweave.com/?p=517#comment-2428 True, no one has seen it because they are still negotiating. <br/><br/>At the start, both McCain and Obama spoke with Paulson by phone about the administration's proposal for the fed to buyout mortgage and other "toxic" assets. Then Dems, led by Chris Dodd and Barney Frank, started their version containing more oversight, additional power to bankruptcy courts to alter mortgage contracts, and limits on CEO compensation. Then Republicans replaced their lead negotiator and pushed a version in which the fed would insure assets rather then outright buy all of them, with additional taxpayer protections; also, they said that the bankruptcy provision was a deal killer, and it seems to be gone now. The kind and amount of assets is also unsettled: mortgage-related only, or any kind of troubled asset? So there were about three versions on the day McCain said he hadn't read it -- although he apparently was referring to the original 3 page plan. <br/><br/>We don't know what Obama read or when, although he too talked to Paulson and a number of advisors. True, no one has seen it because they are still negotiating.

At the start, both McCain and Obama spoke with Paulson by phone about the administration’s proposal for the fed to buyout mortgage and other “toxic” assets. Then Dems, led by Chris Dodd and Barney Frank, started their version containing more oversight, additional power to bankruptcy courts to alter mortgage contracts, and limits on CEO compensation. Then Republicans replaced their lead negotiator and pushed a version in which the fed would insure assets rather then outright buy all of them, with additional taxpayer protections; also, they said that the bankruptcy provision was a deal killer, and it seems to be gone now. The kind and amount of assets is also unsettled: mortgage-related only, or any kind of troubled asset? So there were about three versions on the day McCain said he hadn’t read it — although he apparently was referring to the original 3 page plan.

We don’t know what Obama read or when, although he too talked to Paulson and a number of advisors.

]]> By: dunningrb http://www.thebigdaddyweave.com/2008/09/can-john-mccain-read-does-he-read.html#comment-2427 dunningrb Sat, 27 Sep 2008 11:35:00 +0000 http://www.thebigdaddyweave.com/?p=517#comment-2427 Obama said they hadn't seen the final language of the bill that would provide the bailout. He wasn't referring to Paulson's original plan. Obama said they hadn’t seen the final language of the bill that would provide the bailout. He wasn’t referring to Paulson’s original plan.

]]> By: KarenG http://www.thebigdaddyweave.com/2008/09/can-john-mccain-read-does-he-read.html#comment-2426 KarenG Sat, 27 Sep 2008 04:22:00 +0000 http://www.thebigdaddyweave.com/?p=517#comment-2426 Obama seemed to say in the debate tonight that he hasn't seen the plan either. Obama seemed to say in the debate tonight that he hasn’t seen the plan either.

]]> By: Georgia Mountain Man http://www.thebigdaddyweave.com/2008/09/can-john-mccain-read-does-he-read.html#comment-2424 Georgia Mountain Man Fri, 26 Sep 2008 01:19:00 +0000 http://www.thebigdaddyweave.com/?p=517#comment-2424 Why am I not surprised? I expect that he wouldn't have understood it if he had read it. After all he has admitted that he knows little about economics. I won't comment further on his mental abiities, but I have my opinions and they aren't related to his age. His actions yesterday and today are nothing more than grandstanding. He has absolutely nothing to add to the process. On tonight's NBC news he referred as always to Obama's rejection of the townhall meetings concept, when asked about tomorrow night's debate and whether he would be there. Why am I not surprised? I expect that he wouldn’t have understood it if he had read it. After all he has admitted that he knows little about economics. I won’t comment further on his mental abiities, but I have my opinions and they aren’t related to his age. His actions yesterday and today are nothing more than grandstanding. He has absolutely nothing to add to the process. On tonight’s NBC news he referred as always to Obama’s rejection of the townhall meetings concept, when asked about tomorrow night’s debate and whether he would be there.

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