The dems hand in hand with the msm have been screaming how bad things are for years now...of course they want people to be in bad shape, or hope make them feel they are daily...

I am sick of this tactic...

As far as I am concerned McCain made some great points this morning in his speech in Wisc. mentioning Johnson and Raines Freddy/Fanny profiteers that worked for Obama, McCain needs to do this every-time he can when it comes to economics ect...it is about time this is made public over and over...

This is way past due...

As far as congress is concerned, they have been a huge part of the problem in so many ways...I don't care one way or the other if they stay in session until after the election, nothing will get passed anyway before the election..heck drilling wasn't important enough to stay...I can only see the dems pretending once again that they really really care.

They only care if it benefits them and their lobbyists.

"America isn't the problem...America is the solution." ~ Rush Limbaugh

The smart thing for the Dems to do is put this thing away quickly.  If they drag it out, Obama's links to SM and FM will come more and more into light.  The MSM will try to squash the story of BHO and the Congretional Black Caucas pressuring banks to underwrite these bad loans and getting kickbacks for backing off when things began to go bad, but it is all going to come out eventually if this thing drags on... McCain wins.

If they vote on it quickly and calm the markets, BHO can't scream about the second great depression that is overtaking America... McCain wins.

needs more cowbell

Two years ago when McCain and others were asking that the regulations on selling mortgages be tightened up and he was warning that there might be a coming financial crisis, the Dems blocked the bill and eventually killed it, in effect doing nothing. Was this the reason why? were they actually trying to perpetrate a crisis because they were looking toward the elections?

Obama showed he would rather lose a war to have an issue. The Dems in general would rather trash the country to try and use it as an election issue.

You want change? Give me a dollar.

There are 3 interrelated events that have this crisis.1.) The repeal of the Glass-Stegall Act which created a "firewall" between commercial and investment banking practices and investments.  This was repealed in 1999 with support of Clinton and Sec. Rubin.  This allowed for the purchase of "securitized " loan packages of dubious repayment quality. Many of these leading investment bankers, the leader was Bear Stearns, have executives with close ties to the Democrats and show up on donor lists.@.)There was an aggressive application of the Community Reinvestment Act provisions.  This gave, with lack of managerial oversight, imputus for writing marginal, if not illegal loans. 3.)The mismanagement of and disregarding of regulations and the definition of what a "conforming" loan was.  These actions were insulated by polittical support actions taken by both Freddie and Fannie which included direct political contributions to politicians and to supportive special intrest groups.  This debacle  and its aftermath is the type of change people really want.  It is a clear case of D.C. insiders lining their pockets, with no accountability.  This is the type of change McCain and Palin are talking about, not the implementation of policy goals from 1948. Where's Obama? His speech today avoided the real issues.  He can't even tell you where the money is going to come from for the people he plans on raisng taxes on. It can only come from 2 places. They eat the increase and reduce their disposable income, or they raise prices on the goods and services they provide on every body else.  100% more inflation for everyone, higher taxes on the job creators and this is a formula for economic growth?  His Black Liberation theoelogy belief system, which he has NEVER discussed, advocates democratic socialism as a replecement for capitalism.  Can he name 1 democratically socialist economy that is, even with our problems, that is superior to ours? I don't think he can, nor does he really want to try.