McCain: I was misled on bailout
February 22nd, 2010 . by TexasFredMcCain: I was misled on bailout
Under growing pressure from conservatives and “tea party” activists, Sen. John McCain of Arizona is having to defend his record of supporting the government’s massive bailout of the financial system.
In response to criticism from opponents seeking to defeat him in the Aug. 24 Republican primary, the four-term senator says he was misled by then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. McCain said the pair assured him that the $700 billion Troubled Asset Relief Program would focus on what was seen as the cause of the financial crisis, the housing meltdown.
“Obviously, that didn’t happen,” McCain said in a meeting Thursday with The Republic’s Editorial Board, recounting his decision-making during the critical initial days of the fiscal crisis. “They decided to stabilize the Wall Street institutions, bail out (insurance giant) AIG, bail out Chrysler, bail out General Motors. . . . What they figured was that if they stabilized Wall Street - I guess it was trickle-down economics - that therefore Main Street would be fine.”
Nearly 15 months later, commercial lenders still are in shaky condition and the commercial real-estate industry is in trouble, he said. On Friday, President Barack Obama announced $1.5 billion in funding for new measures to help Arizona and four other states hit hard by the tanked housing market and by joblessness.
But McCain stopped short of calling the TARP a mistake.
Full Story Here:
McCain: I was misled on bailout
I sincerely hope the good folks of Arizona are paying very close attention to this story and are listening intently to the words of John McCain.
One of the comment makers on FOX News just now said, and I paraphrase, “Come election time, McCain comes home and talks like a Conservative, then he goes back to Washington and votes like a liberal.”
That sums it up nicely I believe.
“Something had to be done because the world’s financial system was on the verge of collapse,” he said. “Any economist, liberal or conservative, would agree with that. The action they took, I don’t agree with.”
Can you smell what John McCain is spewing? Smells like duplicitous BS to me.
Republican Senate primary challenger J.D. Hayworth is using the TARP vote as a bludgeon against McCain’s reputation as a fiscal hawk. Tea partyers point to it as the start of a new explosion of federal spending that has continued into the Obama administration.
The Senate seat currently held by John McCain is ripe for the picking, all J.D. Hayworth has got to do is NOT lose this election himself, thus handing McCain a shew in victory.
McCain said Bush called him in off the campaign trail, saying a worldwide economic catastrophe was imminent and that he needed his help. “I don’t know of any American, when the president of the United States calls you and tells you something like that, who wouldn’t respond,” McCain said. “And I came back and tried to sit down and work with Republicans and say, ‘What can we do?’ “
Well, there you have it. The REAL side of John McCain finally comes out for all to see. In true libber fashion he is going to do what ALL libbers are doing right now, BLAME BUSH! 
I don’t disparage John McCain for his service to this nation, his MILITARY service. Past that, McCain long ago outlived any usefulness to the GOP he may have had. John McCain IS a RINO! That’s not said in jest, it’s said as hard accusation against McCain and IS meant to disparage him and his political career.
Arizona, John McCain has got to go. Do what’s right for Arizona and America. Retire that old RINO and put a real Conservative in Washington.
No more RINOs, no more excuses, no more settling for the lesser of anything.
Once more I am going to define the term RINO for those that may have missed it, Republican In Name Only. That is a RINO. They claim to be Republicans, they claim to be Conservative. They are not. They are using the name Republican and Conservative to get elected. That’s it, nothing more, nothing less.
RINOs are users, they play on the honesty, integrity and acceptance of most Conservatives and present themselves as an ally.
Sadly, the GOP, and many that are members OF the GOP, seem to fall for any candidate that comes along claiming to be a true Republican or Conservative. That gullibility of the GOP, the BIG TENT thing the GOP is trying SO hard to be known for, those are some of the reasons this nation is in the situation it’s in.
It’s time to put on our *big boy britches* and clean this nation up. As I see it, there’s two ways we can use to accomplish that feat, we either vote out the Dem/Libbers and RINOs or, take them out in a political revolution that tear at the very foundation of America.
I’m hoping 2010 will be the revolution at the polls needed to avoid the revolution in the streets!
Will find out more about McCain when this Healthcare Bill comes to a vote this week. Obama has made it more draconion than when it came out of the Senate. Don’t need anymore bipartisan bullshit helping send this country into bondage.
My thinking when I heard this this morning was, isn’t someone with years of being in the Senate under his belt supposed to be able to see through deception???? He is all but admitting that he is a dimwit unable to execute his position effectively! And blaming Bush isn’t being accountable for his bad decision making! I’m with you Fred, I hope the good people of Arizona are listening closely to what McPain is saying. What a loser!
They really do believe we are all stupid, don’t they. Sheesh!
Unfortunately Kate, that is true and has been true for years. They just won’t wake up and smell the coffee. I wonder if they will still be in denial when we all open a major can of whoop ass on them at the polls this Fall!!!
Kate, it’s true!!! We are stupid, stupid for putting up with their lieing horse shit for as long as we have. Most of the American people are now seeing just what a bunch of career
elitist lieing assed dirt bags we have in office. I HOPE and pray that WE do vote their butts out in the street because it’s going to be better than the alternative Fred was talking about. Let’s just hope the ones voted in don’t forget why THEY were elected like so many do.
I have this mental image of a long row of ostriches, all with their heads in the sand. Then a very long line of people going by and kicking them in the hinder.
It’s a better image in my head than what I can relate in words.
There are many things to like about John McCain, but unfortunately there are just as many to not like—his stand on immigration, his stand on campaign finance reform, his stand on so-called torture, and perhaps worst is his love affair with reaching across the aisle (he seems to wear this as some badge of honor). McCain does have a badge of honor, one we can honor and respect him for, but his repeated attempts at bipartisanism often for the sake of just simply appearing to be to be a “great compromiser” are unwelcome by those on the right.
I hope this upcoming election will be the last for McCain and that come 2011 we will have a new senator from Arizona named J.D. Hayworth, a man a feel certain is a true conservative in the tradition of Barry Goldwater.
Sounds like a lovely dream Kate!!!!
I’m with you Vigilante, we cannot afford to let the lessons be forgotten IF our country survives this hostile takeover of sanity and decency!
McCain lived out any usefulness years ago and he needs to go. He’s just another big government RINO…
Ron said “….his love affair with reaching across the aisle”.
I know of quite a few folks who would like to reach across the aisle…..and give a few major smacks upside the head. It’s a shame McCain hasn’t been one of them.
That’s just about the gist of it. He spouts Conservative and votes spend spend spend and RINO.
He’s outlived any usefulness he might have had. OUT.
BZ
McCain should go back to Hanoi…
Does that sound mean? No, not at all…what it is he is doing to our country is ‘mean’!
I AM SO APPALLED that over 500 of these bastards haven’t figured out that most of us DO read, have internet, and can add 2+2!!!
They all act like we cannot remember a few months ago. McCain has done a complete 180 now that it’s “re-election” time!
McCain talks out both sides of his mouth and right now he’s talking out of his arse!
JD HAYWORTH FOR ARIZONA! Get the RINOS OUT!
Comment #10
Kate…….LMOAO
You get on one side and I’ll get on the other
If I lived in Arizona, I’d be working my butt off for J. D. Hayworth!
I laughed like crazy when I read that headline this morning. McCain is simply feeling the pressure. I hope he loses, he’s been in political office WAY too long. He’s worse than a RINO.
JOHN MCcain WASN’T MISLEAD. JOHN MCcain LED AND MISSED. SORRY JOHN YOU HAD YOUR CHANCE AND DROPPED THE BALL. WE DON’T WANT WUS PUS RINOS, NOT YOU NOT ANY OF THEM. I’M DAMNED THANKFUL YOU WERE DEFEATED. AT LEAST NOW WE KNOW WHO THE ENEMY IS THAT WERE UP AGAINST. YOU CAN TRY YOUR HAND AT HELPING DEFEAT THIS MUSLIM EXCUSE FOR A PRESIDENT, BY BACKING TRUE CONSERVATIVES. YOU KNOW JOHN LIKE YOUR MENTOR RONALD REAGAN. REMEMBER HIM ?.
It is time for McCain to retire into the sunset - as long as a conservative Republican is elected to replace him. But since, I am not in Arizona, and we are a Republic, I don’t have a vote.
Also, I understand his calling in all of his IOU slips which means many good people are settling their debt to him on his behalf. Don’t make more out of it than it is. When we give our word, we must honor the debt.
Besides all that is said above, let me add one more serious reason for John McCain NOT to be elected: arrogant Megan McCain! She already believes everyone over 65 and all TEA party people need to get out of the way . Her positions often lean left of center or just plain weird. The liberal shows like “The View” love showcasing her. We may not see her quick demise, but we sure don’t need her being able to use her daddy anymore to leverage herself within the GOP. If she doesn’t change, let the Huffington Post have her.
Well, I was misled on McCain…
Go Hayworth!
Now McCain is trying to show us his conservative credentials but it will not work, we all know that he is not now and has not ever been a conservative. He spent eight years earning his “Maverick” label by opposing Bush and now he is trying to blame him once again. This man suspended his campaign to work on this legislation, his name is tied to it forever whether he likes it or not. He can try to distance himself from it but he is part of the problemm not the solution.
It’s over for McCain. Just like Mr Pink Eyes said, he is part of the problem.