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McCain Flip-Flops On AIG Bailout In 24 Hours
McCain Flip-Flops On AIG Bailout In 24 Hours
Yesterday, the federal government offered insurance giant AIG an $85 billion loan to in the biggest government takeover thus far in the ongoing credit crisis. Interviewed on NBC’s Today Show before the decision yesterday, Sen. John McCain (R-AZ) said that “we cannot have the taxpayers ...
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Jesse Lee: 46 Days Out: "You probably know you're not winning the 3:00 am phone call challenge on the economy when..."
Politics on HuffingtonPost.com — ... the very attack excised from the draft of yesterday's McCain release, which made the same point, elaborating that "Taxpayer money was used for Bear Stearns, it was not used for Lehman Brothers and now it is used again for AIG. The American people need to know the thinking and the standards behind using taxpayer's money to support these private sector institutions." That's a rather empty attempt to distance himself from Bush given that McCain supported every one of those decisions, and McCain's own "consistent policies in deciding whether to guarantee ...

Jesse Lee: 46 Days Out: "You Probably Know You're Not Winning the 3:00am Phone Call Challenge on the Economy When..."
Politics on HuffingtonPost.com — ... the very attack excised from the draft of yesterday's McCain release, which made the same point, elaborating that "Taxpayer money was used for Bear Stearns, it was not used for Lehman Brothers and now it is used again for AIG. The American people need to know the thinking and the standards behind using taxpayer's money to support these private sector institutions." That's a rather empty attempt to distance himself from Bush given that McCain supported every one of those decisions, and McCain's own "consistent policies in deciding whether to guarantee ...

Connect The Dots
Daily Kos — ... We can’t say exactly what went through McCain's mind and led him to a 180 degree flip flop on the AIG bailout in 24 hours flat. His grasp of the economy is obviously pathetic on a good day, and what little we know of his dominionist sidekick is downright terrifying. But just to illustrate the scope of Republican economic ignorance, if we connect a single faint line of dots, without a bailout, we could start from archconservative economic fundamentalism and end up at a place conservatives certainly never intended. Shall we? ...

Mitchell Bard: It's the Democracy, Stupid: Campaigns of McCain and Palin Show How They Would Govern
Politics on HuffingtonPost.com — ... ), sometimes even in the same day (like his 180-degree turn on the bailout of AIG). And as New York City Mayor Michael Bloomberg pointed out on This Week last Sunday, it's not enough to know the candidates' takes on specific issues, since, inevitably, once in office, they will have to confront unforeseen problems as they arise. ...

Mitchell Bard: The Second Debate Revealed a Fatal Flaw in McCain's Candidacy
Politics on HuffingtonPost.com — ... McCain said that in these difficult times, America needs "a steady hand at the tiller." But "steady" is the one word that you cannot apply to John McCain. His campaign has careened from strategy to strategy, first touting experience, then going after Obama's celebrity, and then just outright lying about Obama's record. McCain was widely noted for not handling the financial crisis well, changing his assessments, sometimes within a single day (like when did performed a 180-degree turn on the bailout of AIG). He dubiously "suspended his campaign" (without actually changing any of ...

Mitchell Bard: Who Would Be a Better President? I Say, Who Ran a Better Campaign?
Politics on HuffingtonPost.com — ... ), was forced to change his tune as the crisis deepened. He responded by "suspending" his campaign to rush to Washington to "help" get a deal for a bailout package. (This was after he did a 180-degree turn on the bailout of AIG). He also tried to get the first debate postponed. ...

McCain flips on AIG bailout one more time: We never should have rescued them.
The Hollywood Liberal — ... Last fall, as AIG teetered on the edge of collapse, then-Republican presidential candidate Sen. John McCain (R-AZ) came out against using government resources to rescue the firm. Less than 24 hours later, McCain decided that a bailout was necessary because, as he put it, “there are literally millions of people whose retirement, whose investment, whose […] Last fall, as AIG teetered on the edge of collapse, then-Republican presidential candidate Sen. John McCain (R-AZ) came out against using government resources to rescue the firm. Less than 24 hours later, McCain ...

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