Posts Tagged ‘Debate’

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I took on Unions!!!!

October 16, 2008

Did anyone else catch Obama’s answer to McCains question whether he had ever taken on the Leadership of his own party; something McCain has done a number of times. 

Obama spouted out a load of dung about how he had made decisions which pissed of the Teacher’s Union and other organizations.  Wowee, you pissed of the union.  Either you don’t understand how to answer a question or you are inferring unions are the leaders of the Democratic party.  I would say the latter is true.

Mr. Obama, can you please learn how to answer a questizzle?

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For the First Time, It Appears that McCain Wants to Win this Election

October 16, 2008

Let’s face facts, the last two debates have been horrible. In a chat during debate #2, the chatters spent more time complaining about McCain’s content and performance than complaining about Obama.  Last night was different.  With expectations low and a depressed base, McCain came out swinging discussing Reaganomics and federalism, the two cornerstones of pre-W. conservatism.  Chalk this one up as a win for Senator McCain over Senator Government.

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Defending J-Mac’s Socialism (350 billion dollar mortgage buyout)

October 8, 2008

Last night, I was in a blogger chat with other folks and when I heard that J-Mac proposed 350 billion in additional funds for a bailout, I,  like many of our brethern lost my head and called him a socialist.  Anyway, as Hannity says, “let not your heart be troubled”:

Marc Ambinder in the Atlantic notes how the 300 billion or so is already incorporated into the bill that was passed last week. J-Mac is not asking for additional funds:

On a conference call with reporters, McCain policy chief Douglas Holtz-Eakin spelled out how McCain would pay for his plan for the government to buy troubled mortgages and replace when with more favorable fixed-rate mortgages at minimal direct cost to the homeowners. The government could use some of the $700 billion authorized for the bailout and tap other accounts, although the campaign estimates that, owing to negative equity — the government can’t magically turn bad mortgages into good ones without taking a hit — would be $300 billion.  The McCain team hopes that by buying mortgages directly, the government wouldn’t have to buy as many distressed assets from big banks, thus reducing the net cost. McCain claims this idea as his own, although the bailout/rescue bill already gives the government the authority to deal directly with homeowners, and Obama has suggested that the government do the same — although McCain’s certainly being more aggressive here.

Second, let’s look at the Hope for Homegrowers plan in crap sandwich 2.0:

HOPE for Homeowners (H4H) is a program designed to assist borrowers at risk of default or foreclosure in refinancing to an affordable 30-year fixed rate FHA loan. The program is effective October 1, 2008 and will conclude on September 30, 2011. …

The loan amount may not exceed a nationwide maximum of $550,440.

The new mortgage will be no more than 90% of the new appraised value including any financed UFMIP with the lender essentially writing down the current mortgage to that amount.

Upfront MIP is 3% and the monthly MIP is 1.5%

The holders of existing mortgage liens must waive all prepayment penalties and late payment fees.

The existing first mortgage must accept the proceeds of the H4H loan as full settlement of all outstanding indebtedness.

Existing subordinate lenders must release their outstanding mortgage liens.

So, the mechanism for what John McCain said last night exists. It is still wrong that we are buying out bad mortgages, but at least he isn’t adding to it

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Debate Cheat Sheet

October 8, 2008

Ace put up a cheat sheet on his site. You don’t get to hear the delightful way that Obama says Pockystan, but it is hilarious in its own right.

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MSNBC on McCain

October 8, 2008

Matthews:

“Barack Obama is gifted in birth by a wonderful smile…
John McCain, when he smiles, has a somewhat menacing quality. It may not be purposeful, but when he smiles, you wonder what he’s really thinking.
Barack Obama, for whatever reason, comes off as debonaire, even under attack.”

Olbermann

 “McCain, and I’m trying to say this as nicely as possible, didn’t look like a well man wandering around on that stage tonight.”

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Krauthammer: Nationalization of Mortgages

October 8, 2008

The “hammer” says McCain won domestic and lost foreign. Hammer notes that on foreign affairs, McCain said Somalia, Bosnia and Gulf, but ignored Iraq.

Hammer says two generations will pay for bad mortgages.

McCain wins on points, but Obama passed

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“That One” and that’s all – Yossarian’s debate analysis

October 8, 2008

nothing new. McCain won only because he didn’t “uh, uh, uh, uh” the way Obama did.
Obama wishes that we intervened in the Holocaust? What the F?
Obama says Pocketstan funny and Tolleyban funny.
Obama sees raising taxes as a sepnding cut.

What don’t you know and how will you learn it?
McCain should have said – the nature of the relationship between Obama and Ayers. Instead we had no Ayers at all.

Other reactions – Ed Morrisey found that J-Mac one as we did.