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UK wrote:McCain from last November on Sub-prime mortgages:
http://www.nhelects.com/NHPrimaryVideos ... le=VLTitle
interesting stuff from the straight talk express. Thanks for sharing it.UK wrote:McCain from last November on Sub-prime mortgages:
http://www.nhelects.com/NHPrimaryVideos ... le=VLTitle
I think that's fair. I'd say he should have cut it a lot shorter by saying he didn't know and left it at that. I don't really fault him for not having the answers either. I think the S&L comment was the reporter having a little fun with the situation.Freed Roger wrote:interesting stuff from the straight talk express. Thanks for sharing it.UK wrote:McCain from last November on Sub-prime mortgages:
http://www.nhelects.com/NHPrimaryVideos ... le=VLTitle
Observations:
looking at the video as a whole, McCain was being honest about what he knew and didn't know on the subject. I appreciate that honesty.
I'd rather have that, than someone pretending to know a whole lot when they don't. Thats when you get into trouble as a leader. plus, in McCain's defense, the video was from 10 months ago, so knowledge and understanding of the sub-prime mess wasn't as prevalent.
that said Obama's camp could tear apart that video and take some clips that make McCain look quite bad.
As an average person in business world who keeps up with events, I probably was as knowledgeable back then on the subject as McCain. Thats not saying much. You can't expect your president to be expert on everything, but hope they have a basic feel for the big issues. McCain definitely didn't seem comfortable with the topic.
McCain said there was no way of knowing this crisis was coming and that it was a surprise to most everybody. True, nobody could gauge the scope of this mess, but most everybody thought we had a problem with a real estate bubble. Wall St. Journal had been running articles about how many houses were being bought with no money down, using variable interest rates. There were lots of tremors.
McCain also expressed confidence in the experts at the fed, the SEC, and the treasury dept to handle the situation, because he honestly didn't have an idea himself. from what I hear the SEC guy is an incompetent bush crony - kind of like Brown was at Fema. McCain didn't look knowledgeable enough to sit in the room with the experts he would lead.
when mentioning some other economic busts of recent history, someone mentioned the S&L bailouts of the 80s. I'd forgotten about them, but remembered McCain got tarnished in scandal back then somehow. Anyway- when someone said Saving and Loans, McCain really flinched, got nervous and said What?
people in the room looked very bored and zoned out during his response.
Overall, on a scale of 1 to 10 I'd rate McCain's handling of that sub-prime question a 4 (he got a few points for honesty.)
If I knew about this possibility in '04, McCain should've.McCain said there was no way of knowing this crisis was coming and that it was a surprise to most everybody. True, nobody could gauge the scope of this mess, but most everybody thought we had a problem with a real estate bubble. Wall St. Journal had been running articles about how many houses were being bought with no money down, using variable interest rates. There were lots of tremors.
Here's the Hardball segment:Radbird wrote:In fact, it was Hardball that launched my post.UK wrote:If you just watched Hardball on MSNBC, this was the perfect example of it.
And he says he was surprised at the dot.com collapse? Was I the only person that it struck as odd that companies that literally were producing nothing but a promise were going at 5x their value on their first day of trading? Didn't anyone else think that people buying houses with nothing down and adjutable rates was just a recipe for disaster? I'm not economic genius, but when I recognized this stuff there were red flags going off everywhere. My wife is in the Finance industry, she's been shaking about this for years.. long before 2004.UK wrote:If I knew about this possibility in '04, McCain should've.McCain said there was no way of knowing this crisis was coming and that it was a surprise to most everybody. True, nobody could gauge the scope of this mess, but most everybody thought we had a problem with a real estate bubble. Wall St. Journal had been running articles about how many houses were being bought with no money down, using variable interest rates. There were lots of tremors.
My wife has been the mistress of doom for years now, I think there were plenty of people who knew this. I can honestly say that not one thing has happened that has surprised my wife. I'm not saying average Joe knew this, but plenty of people knew this was a very real possibility.Freed Roger wrote:interesting stuff from the straight talk express. Thanks for sharing it.UK wrote:McCain from last November on Sub-prime mortgages:
http://www.nhelects.com/NHPrimaryVideos ... le=VLTitle
Observations:
looking at the video as a whole, McCain was being honest about what he knew and didn't know on the subject. I appreciate that honesty.
I'd rather have that, than someone pretending to know a whole lot when they don't. Thats when you get into trouble as a leader. plus, in McCain's defense, the video was from 10 months ago, so knowledge and understanding of the sub-prime mess wasn't as prevalent.
that said Obama's camp could tear apart that video and take some clips that make McCain look quite bad.
As an average person in business world who keeps up with events, I probably was as knowledgeable back then on the subject as McCain. Thats not saying much. You can't expect your president to be expert on everything, but hope they have a basic feel for the big issues. McCain definitely didn't seem comfortable with the topic.
McCain said there was no way of knowing this crisis was coming and that it was a surprise to most everybody. True, nobody could gauge the scope of this mess, but most everybody thought we had a problem with a real estate bubble. Wall St. Journal had been running articles about how many houses were being bought with no money down, using variable interest rates. There were lots of tremors.
McCain also expressed confidence in the experts at the fed, the SEC, and the treasury dept to handle the situation, because he honestly didn't have an idea himself. from what I hear the SEC guy is an incompetent bush crony - kind of like Brown was at Fema. McCain didn't look knowledgeable enough to sit in the room with the experts he would lead.
when mentioning some other economic busts of recent history, someone mentioned the S&L bailouts of the 80s. I'd forgotten about them, but remembered McCain got tarnished in scandal back then somehow. Anyway- when someone said Saving and Loans, McCain really flinched, got nervous and said What?
people in the room looked very bored and zoned out during his response.
Overall, on a scale of 1 to 10 I'd rate McCain's handling of that sub-prime question a 4 (he got a few points for honesty.)
I don't know the name of the show, but on CNN last night about 7:30 or so, a lady named Campbell had on the lady from the Hillary camp that is now voting for McCain. I don't think one question got answered. Partly because the lady had no concrete answers but also because Campbell wouldn't let her finish.UK wrote:If you just watched Hardball on MSNBC, this was the perfect example of it.Radbird wrote:Maybe this is a rant, but it pertains to the election cycle, so I'm putting it here. When the news networks discuss an issue, why do they even bother interviewing the talking heads from either campaign? I have yet to hear one of them give an honest, direct answer to a question. They just launch off into their talking points, interupt each other, and generally provide a bad viewing experience where nothing substantive is discussed. Then someone like Carly Fiorena says something stupid (and I'm not picking on the McCain camp, this is just the latest example), and the MSM goes all atwitter at the gaffe.
I'd rather watch contrived shows like Jerry Springer than this garbage. At least there's some entertainment value there. It disturbs me that some people in this country are likely making their minds up based on this propaganda-based pseudo-journalism.