Comments on: latest…Debate latest…Debate latest… http://www.englandforobama.com/estdebate-latestdebate-latestdebate-lat Backing from across the Pond Wed, 07 Jan 2009 04:14:02 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Andrea Mann http://www.englandforobama.com/estdebate-latestdebate-latestdebate-lat/comment-page-1#comment-612 Andrea Mann Fri, 26 Sep 2008 15:26:53 +0000 http://www.englandforobama.com/?p=906#comment-612 ha! brilliant. that's what Obama said in his statement earlier too - am about to post it. thanks! ha! brilliant. that’s what Obama said in his statement earlier too - am about to post it. thanks!

]]> By: hanskpauley http://www.englandforobama.com/estdebate-latestdebate-latestdebate-lat/comment-page-1#comment-611 hanskpauley Fri, 26 Sep 2008 15:06:41 +0000 http://www.englandforobama.com/?p=906#comment-611 A few minutes ago, Senators Reid and Dodd (Senate Majority Leader and Senate Banking Committee Chairman for those less geeky than I) held an unusual press conference. The briefing had 2 main points..... 1. They are re-working the draft legislation to craft an acceptable deal to resolve the crisis. 2. The specifically admonished McCain in blistering terms for his unhelpful stances and injecting "presidential politics into" this and that specifically his involvement has been "absolutely not helpful". Wow.... A few minutes ago, Senators Reid and Dodd (Senate Majority Leader and Senate Banking Committee Chairman for those less geeky than I) held an unusual press conference. The briefing had 2 main points…..

1. They are re-working the draft legislation to craft an acceptable deal to resolve the crisis.
2. The specifically admonished McCain in blistering terms for his unhelpful stances and injecting “presidential politics into” this and that specifically his involvement has been “absolutely not helpful”.

Wow….

]]> By: Andrea Mann http://www.englandforobama.com/estdebate-latestdebate-latestdebate-lat/comment-page-1#comment-609 Andrea Mann Fri, 26 Sep 2008 14:48:34 +0000 http://www.englandforobama.com/?p=906#comment-609 ha! that's brilliant, "temporary nationalisation". fascinating. just as the "s" word is a dirty word in America, isn't it? (eg "socialised medicine" - heaven forbid!) ha! that’s brilliant, “temporary nationalisation”. fascinating. just as the “s” word is a dirty word in America, isn’t it? (eg “socialised medicine” - heaven forbid!)

]]> By: hanskpauley http://www.englandforobama.com/estdebate-latestdebate-latestdebate-lat/comment-page-1#comment-608 hanskpauley Fri, 26 Sep 2008 14:45:58 +0000 http://www.englandforobama.com/?p=906#comment-608 A side note that I absolutely love. As WaMu went into receivership overnight, I was reminded of this new term. It was "invented" several weeks ago in advance of the Bear Stearns Crisis and implemented for the Fannie Mae & Freddie Mac Intervention. The term (crafted by Bush Administration Officials) was designed to describe a "temporary nationalisation". Temporary nationalisations, particularly in banking, are as old a concept as financial crises are. However, Americans couldn't handle the "idea" of nationalisation philosophically or culturally....so poof! We just invent a new term and problem solved! And we wonder why House Republicans have scuppered the deal for an unworkable insurance scheme? A side note that I absolutely love. As WaMu went into receivership overnight, I was reminded of this new term. It was “invented” several weeks ago in advance of the Bear Stearns Crisis and implemented for the Fannie Mae & Freddie Mac Intervention. The term (crafted by Bush Administration Officials) was designed to describe a “temporary nationalisation”. Temporary nationalisations, particularly in banking, are as old a concept as financial crises are. However, Americans couldn’t handle the “idea” of nationalisation philosophically or culturally….so poof! We just invent a new term and problem solved! And we wonder why House Republicans have scuppered the deal for an unworkable insurance scheme?

]]> By: hanskpauley http://www.englandforobama.com/estdebate-latestdebate-latestdebate-lat/comment-page-1#comment-606 hanskpauley Fri, 26 Sep 2008 14:34:57 +0000 http://www.englandforobama.com/?p=906#comment-606 I am watching the drama unfold with the same helpless gawking as everyone else. But one truth is solidifying itself here. John McCain is lost on all issues economic. The 11th Hour Surprise Counter-Proposal by House Republicans yesterday left him speechless, literally. He was unable to articulate it's merits, had no strong position on it, and was unable or unwilling to prod John Boehner into a productive role. If that's the crisis leadership he has been talking about, get real. I had hoped Obama would take a stronger tone in the discussions, but at least he is coming off as composed, focused, and attuned. He is winning the battle of attrition as we speak. And as for the issue itself. Don't even get me started. Any fool debating a bank-supported insurance scheme as an emergency measure while the Libor Rate has skyrocketed clearly failed in Uni Undergraduate Economics Class. But don't worry - the combined economic brilliance of Boehner and McCain hasn't sorted that out yet. CDO's anyone? I am watching the drama unfold with the same helpless gawking as everyone else. But one truth is solidifying itself here. John McCain is lost on all issues economic. The 11th Hour Surprise Counter-Proposal by House Republicans yesterday left him speechless, literally. He was unable to articulate it’s merits, had no strong position on it, and was unable or unwilling to prod John Boehner into a productive role. If that’s the crisis leadership he has been talking about, get real.

I had hoped Obama would take a stronger tone in the discussions, but at least he is coming off as composed, focused, and attuned. He is winning the battle of attrition as we speak.

And as for the issue itself. Don’t even get me started. Any fool debating a bank-supported insurance scheme as an emergency measure while the Libor Rate has skyrocketed clearly failed in Uni Undergraduate Economics Class. But don’t worry - the combined economic brilliance of Boehner and McCain hasn’t sorted that out yet. CDO’s anyone?

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