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  #1  
Old 10-08-2008, 09:56 AM
MysticCat MysticCat is offline
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Quote:
Originally Posted by pbear19 View Post
Across the blogs the one consistent thing I'm seeing mentioned is the "That One" remark. In fact, I've seen the youtube clip of it about 4 times now. Funny how a little thing like that gets legs.
Same with the pundits I was watching. I'll admit I barely noticed it when McCain said it.

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Originally Posted by CrackerBarrel View Post
The only interesting thing to see will be if the media runs with McCain's mortgage bailout plan, it was the only new thing in the debate tonight and if it gets significant press time he wins for grabbing the headlines. If not, tie, which obviously favors Obama now.
Not sure it's that new. As I understand, the Treasurer already has the authority McCain was talking about -- it was in the bailout bill passed last week. The only thing McCain added was that he would direct his Treasurer to exercise the authority he already has.

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Originally Posted by Nanners52674 View Post
Yawnnnn. . . . With the exception of one question, when asked first to McCain if health care is a privilege, right or responsibility? McCain responded that it is a responsibility which i completely agree with but he offered no real follow up at to who is responsible.
I would have liked to see one of the candidates -- either one -- turn this question around a little. First, I would have said it's not a commodity, at least not as that term is usually understood. And I agree with AGDee that it's a right in the sense of "life, liberty and the pursuit of happiness." That's a government protected/enabled right, which is different from a right to have the government provide it. I would have like to see someone say "it's a right and a responsibility." Every human being should have access to adequate health care (right) and in a country like ours, we have a responsibility to make sure that adequate, affordable health care is available to everyone; then people (parents especially) have a responsibility to avail themselves of it.

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Originally Posted by BetteDavisEyes View Post
I have to admit that watching McCain shuffle around the floor was painful to watch. He looked every bit his 72 years of age. Scary!
I wanted to ask about that. I was tired when I watched the debate, so I couldn't decide if he was really looking (and sometimes sounding) that old or if it was just my fatigue that was projecting Sarah Palin doomsday scenarios onto his appearance.

I was interesting to watch it on CNN, with their Ohio undecided voters focus group and their dial meters. Granted, it was only 25 people -- hardly any kind of scientific sample -- but it was fascinating how often when McCain was talking, especially about the economy, he was literally "flatlining." He was getting no response at all. Even when he was getting positive responses, they usually were not as positive as Obama's.
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  #2  
Old 10-08-2008, 01:39 PM
CrackerBarrel CrackerBarrel is offline
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Quote:
Originally Posted by MysticCat View Post
Not sure it's that new. As I understand, the Treasurer already has the authority McCain was talking about -- it was in the bailout bill passed last week. The only thing McCain added was that he would direct his Treasurer to exercise the authority he already has.
I just watched a forum on the financial bailout, and apparently the bailout bill allows the Treasury Secretary to "do what is necessary" to fix the credit crunch. So what needs to happen is that banks need to be able to sell their mortgage-backed securities to raise capital to make loans. Right now no one is willing to buy them because there is the perception that because banks have complex pricing models they have access to better information than do potential buyers about which securities are worth more and which are worthless, so there's the fear that if anyone tries to buy mortgage-backed securities that the banks will only sell the low value, highest risk ones. Because of this no one is willing to buy the securities off the banks for fear of getting worthless securities packages for prices much higher than they would be fairly valued. So there are two ways to address the problem. One is to authorize the government to buy securities, in which case the bank will sell the low-value ones to the government, giving the banks some money to loan and reassuring buyers that the securities the banks still hold are worth more. This is the plan that everyone has been focusing on and the one the government is likely to do. The other is the plan McCain mentioned last night, to authorize the government to buy and renegotiate mortgages so that people can start paying again and the highest-risk securities packages become worth more so that people are more comfortable buying securities from the banks. This idea hasn't gotten a lot of play in Washington, but a lot of business school professors and economists think that it would work better. So hopefully McCain's proposal to take that route will give it some traction in Washington.
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Old 10-08-2008, 02:13 PM
MysticCat MysticCat is offline
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^^^ Thanks for the info. I haven't had a chance (time?!) to delve into it all too deeply yet, so I appreciate any education I can get.
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Old 10-08-2008, 02:17 PM
AGDee AGDee is offline
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Originally Posted by MysticCat View Post
^^^ Thanks for the info. I haven't had a chance (time?!) to delve into it all too deeply yet, so I appreciate any education I can get.
It doesn't help that it ended up being 450 pages! You almost wonder if they make it that big to discourage people from seeing what's really in there.
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