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« The Bankruptcy Boys (By Paul Krugman) | Main | Peter Schiff: Unhappy Stimulus Anniversary (VIDEO) »
Wednesday
Feb242010

Sen. John McCain: 'I was misled on the TARP bailout'

John McCain

McCain is a decorated buffoon:

  • Chose Sarah Palin as his running mate.
  • Now claims he was misled on the bailout.

Is this a joke.  He never had the slightest understanding of the bailout in the first place.  He hears toxic assets and his eyes glaze over.  This is a convenient train to board because Paulson changed the bailout proposal, but it shouldn't be used to excuse John McCain from his own stupidity.

And while we discuss liars, don't forget that McCain's Senate opponent in Arizona, JD Hayworth was a spending machine during his tenure in Congress.  Just saying.

---

McCain Claims He Was Mislead

Sen. John McCain of Arizona … 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.”

 

 

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Reader Comments (10)

Ahhhh, the Colin Powell defense.

Best defenses/Made famous by...

Colin Powell (I was mislead or was it Cheney made me do it)
Bill Clinton (depends on what the definition of is is)
Hillary Clinton (in Bosnia ducking gunfire excuse about being tired)
John Edwards (cancer is not sexy and my wife hits me)
TIger Woods (i am addicted to the bj)
Larry Craig (just, ahhhhh, taping my foot to the music and I got a wide stance)
Tom Cruise (love made me do it)
Kobe (the culture of commercial sports led to some backdoor loving)

and...

Obama (I can't get anything done because...hmmmm...what is he saying now?)
Michelle Obama (Why she is so angry...this is the first time in my adult lifetime I am proud of my country)
Rahm (ummm, bad choice of words, sorry Sarah Palin)
Robert Gibbs (he has no defense unless being an ass is a defense)
Geithner (I suck at Turbo Tax)
Bernanke (in this case, ignorance is bliss)

and...okay just for you DB...
Sarah Palin (Couric is predictable and boring - hmmmm, that might be a good defense)
Feb 24, 2010 at 1:04 AM | Unregistered CommenterDB's Ignored Conscience
Great pic.I see MOe and Larry. Where's Curly?
Feb 24, 2010 at 2:44 AM | Unregistered CommenterRecoverylessRecovery
McCain has been "misled" by banksters since he got a taste of the good life with the Keating 5
Feb 24, 2010 at 4:07 AM | Unregistered CommenterS. Gompers
@RLR

Please visit our Revolution to expose the criminal gangs who scammed and busted us all. DB is just a joke, just visit here

http://littlesis.org/

War is on against Crooks ..
Feb 24, 2010 at 9:30 AM | Unregistered CommenterKen
Oh fuck, Kenbot is back. Hey dipshit, do you have a new site to promote? Is it as sad as your last site?
Feb 24, 2010 at 2:40 PM | Unregistered CommenterDB's Ignored Conscience
@RLR

Please visit our Revolution to expose the criminal gangs who scammed and busted us all. DB is just a joke, just visit here

http://littlesis.org/

War is on against Crooks ..
Feb 24, 2010 at 4:19 PM | Unregistered CommenterKen
BBC...Clashes in Greek austerity strike
Police in Greece have clashed with protesters striking over austerity measures designed to save the economy.

Police fired tear gas at a group of some 50 protesters as a rally attended by some 25,000 people ended in Athens.

It is the second general strike in two weeks and coincides with growing anger at the EU's response to the crisis.

The action was the biggest since Greece's socialist government introduced cuts to bring the country's debt and deficit under control.

Greece closed airspace to all flights, while trains and ferries stood idle and archaeological sites remained shut for the day.
Feb 24, 2010 at 4:59 PM | Unregistered CommenterDB's Ignored Conscience
http://news.bbc.co.uk/2/hi/europe/8533240.stm

Watch the video, coming to a town near you...
Feb 24, 2010 at 5:03 PM | Unregistered CommenterDB's Ignored Conscience
Ken to get attention i think your responses have to be more like they are coming from a gang member .Like
Yo bitch its war now motherfucker . See how much more effect it has .Go in the hood ask for a black and mild it will
get you started to becoming a mean guy.America has started to wake up .Well after their favorite show anyway.
Feb 25, 2010 at 12:01 PM | Unregistered CommenterJ T S
Oct 13, 2012 at 10:16 AM | Unregistered Commenterjohn

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