GOP takes brunt of blame for economy; Obama gains

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    Sep 22, 2008 11:40 PM GMT
    "By a two-to-one ratio, Americans blame Republicans over Democrats for the financial crisis that has swept across the country the past few weeks, a new national poll suggests."


    Story Highlights

    Two-thirds say economy is not fundamentally sound, poll found

    Nearly half of those polled blame Republicans for current financial crisis

    Obama leading McCain 51-46 percent, according to CNN poll out Monday

    Majority of respondents viewed Obama as better on economic issues

    http://www.cnn.com/2008/POLITICS/09/22/cnn.poll/index.html
  • MuslDrew

    Posts: 463

    Sep 23, 2008 3:41 AM GMT
    Has Obama been over 50% before this poll?
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    Sep 23, 2008 3:48 AM GMT
    MuslDrew saidHas Obama been over 50% before this poll?


    Yup, a dozen or so times. But the 50%+ polls we are seeing now look less like outliers and near the median.
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    Sep 23, 2008 2:06 PM GMT
    Once all the info is out there on the economy meltdown, Obama will be the one with the poor image. Obama recieved PAC money from Fannie Mae, John McCain didn't. There is still plenty of time left before the election.

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    Sep 23, 2008 2:17 PM GMT
    Remember John, it was from employees of Fannie Mae, not the CEO's who helped cause this blunder.

    If we're going to start nailing politicians for donations from average people just because of where they work... well, I'm sure there are quite a few unsavory companies involved with McCain as well.
  • GQjock

    Posts: 11649

    Sep 23, 2008 7:29 PM GMT
    Mostly for Johns edification



    Rick Davis, Mr. McCain's campaign manager and longtime adviser, played a huge role in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000

    and just who is Rick Davis?
    That's Grampy's campaign adviser

    As far as connecting Obama to the scandal is specious and you know it John
    His connection with Franklin Raines? A Lie
    Denied by Obama... his staff and Mr Raines himself

    when you point fingers you need to know where you're pointing FROM !
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    Sep 24, 2008 3:22 PM GMT
    John43620 saidOnce all the info is out there on the economy meltdown, Obama will be the one with the poor image. Obama recieved PAC money from Fannie Mae, John McCain didn't. There is still plenty of time left before the election.



    Want to try again? Found this w/ just a few clicks.icon_biggrin.gif

    Two reports tonight, one from the New York Times, and the other from Newsweek, contradict John McCain's statement this week that his campaign manager Rick Davis had no involvement with mortgage giant Freddie Mac for the last several years. The Times reports:

    One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement. The disclosure contradicts a statement Sunday night by Mr. McCain that the campaign manager, Rick Davis, had no involvement with the company for the last several years. Mr. Davis's firm received the payments from the company, Freddie Mac, until it was taken over by the government this month along with Fannie Mae, the other big mortgage lender whose deteriorating finances helped precipitate the cascading problems on Wall Street, the people said...

    ...On Sunday, in an interview with CNBC and The New York Times, Mr. McCain responded to a question about Mr. Davis's role in the advocacy group through 2005 by saying that his campaign manager "has had nothing to do with it since, and I'll be glad to have his record examined by anybody who wants to look at it."


    Newsweek confirms the story:

    Freddie Mac had previously paid an advocacy group run by Davis, called the Homeownership Alliance, $30,000 a month until the end 2005, when that group was dissolved. That relationship was the subject of a New York Times story Monday, which drew angry denunciations from the McCain campaign. McCain and his aides have vehemently objected to suggestions that Davis has ties to Freddie Mac-an especially sensitive issue given that the Republican presidential candidate has blamed "the lobbyists, politicians and bureaucrats" for the mortgage crisis that recently prompted the Bush administration to take over both Freddie Mac and its companion, Fannie Mae, and put it under federal conservatorship.

    But neither the Times story -- nor the McCain campaign -- revealed that Davis's firm, the Washington, D.C. based lobbying firm Davis Manafort, continued to receive $15,000 a month from Freddie Mac until last month-long after the Homeownership Alliance had been terminated. The two sources, who requested anonymity discussing sensitive information, told Newsweek that Davis himself approached Freddie Mac in 2006 and asked for a new consulting arrangement that would allow his firm to continue to be paid. The arrangement was approved by Hollis McLoughlin, Freddie Mac's vice president for external relations, because "he [Davis] was John McCain's campaign manager and it was felt you couldn't say no," said one of the sources. [McLoughlin did not return phone calls].

    link from Huffpost.com




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    Sep 24, 2008 3:25 PM GMT
    John43620 saidOnce all the info is out there on the economy meltdown, Obama will be the one with the poor image. Obama recieved PAC money from Fannie Mae, John McCain didn't. There is still plenty of time left before the election.



    Shoot first, validate later. Nice technique, John.

    I worry for your neighbors.
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    Sep 24, 2008 3:33 PM GMT
    XRuggerATX said
    John43620 saidOnce all the info is out there on the economy meltdown, Obama will be the one with the poor image. Obama recieved PAC money from Fannie Mae, John McCain didn't. There is still plenty of time left before the election.



    Shoot first, validate later. Nice technique, John.

    I worry for your neighbors.
    This Obama fannie mae thing is their new coping mechanism. Not that I haven't already posted it and the new story of McCain/Fannie Mae is out there .. but here ..

    LIAR LIAR PANTS ON FIRE!!
    Here's a re-run ..
    LOL. Smokescreens and distractions seem to be the way for the republicans these days. It has nothing to do with truer words. Give it a rest guys, everyone knows that campaign donations did not sink the economy. For that matter McCain is the recipient of 10 times more campaign donations than Obama when it comes to the top CEO's. The bulk of Obama's campaign money came from grassroots individuals. In this case EMPLOYEES of those companies donated more to Obama BUT the people who run the company (directors, lobbyists, etc) gave more to McCain. Here are "truer words"
    Fact Check: Did Obama 'profit' from Fannie and Freddie?
    http://politicalticker.blogs.cnn.com/2008/09/19/fact-check-did-obama-profit-from-fannie-and-freddie/The New York Times has published a separate list looking at contributions from "directors, officers, and lobbyists for Fannie Mae and Freddie Mac" for the 2008 campaign cycle. That list — using figures from the Federal Election Commission — shows McCain receiving $169,000, while Obama received only $16,000.

    VERDICT
    Partially true, but misleading. Donations don't come from companies. A list of employee contributions puts Obama second, but a different list including lobbyists and directors shows McCain getting more.

    Also
    Not that it is wrong to receive campaign contributions and granted Obama has never claimed not to take contributions, but McCain received 10 times as much contributions from top CEO's as Obama ..
    http://thehill.com/campaign-2008/top-ceos-give-10-times-more-to-mccain-than-to-obama-2008-08-15.html
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    Sep 24, 2008 3:52 PM GMT
    BTW. Regarding McCain and fannie mae .. read this letter from a fannie mae executive .. johnny got caught with his hand in the cookie jar icon_eek.gif

    http://news.yahoo.com/s/politico/20080919/pl_politico/13643_1
    To The Editor:

    Yesterday, Senator John McCain released a television commercial attacking Barack Obama for allegedly receiving advice on the economy from former Fannie Mae CEO Franklin Raines. From the stump, he has recently tried tying Senator Obama to Fannie Mae, as if there is some guilt in the association with Fannie Mae's former executives.

    It is an interesting card for Senator McCain to play, given that his campaign manager, Rick Davis, was paid by Fannie Mae and Freddie Mac several hundred thousand dollars early in this decade to head up an organization to lobby in their behalf called The Homeownership Alliance. ...

    I worked in government relations for Fannie Mae for more than 20 years, leading the group for most of those years. When I see photographs of Sen. McCain's staff, it looks to me like the team of lobbyists who used to report to me. Senator McCain's attack on Senator Obama is a cheap shot, and hypocritical.


    Sincerely,

    William Maloni
    Fannie Mae Senior Vice President for Government and Industry Relations (1983-2004)

    icon_lol.gificon_lol.gificon_lol.gificon_lol.gif
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    Sep 24, 2008 3:56 PM GMT
    Cant wait for the Debate on Friday...should be interesting. Really would love to see McCain show his famous temper. If McCain calls his current wife a Cunt...what will he call Obama????
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    Sep 24, 2008 4:05 PM GMT
    sfinboston saidCant wait for the Debate on Friday...should be interesting. Really would love to see McCain show his famous temper. If McCain calls his current wife a Cunt...what will he call Obama????

    Let ask Poe .. Angry Johnny ..



    "Jezebel in hell .. I want to blow you away"
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    Sep 24, 2008 4:07 PM GMT
    This is what President Bush felt about the to american people.

    .
    .......................................................................Bush[/quote]

    and what McCain is planning on doing also.
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    Sep 24, 2008 4:11 PM GMT
    Thanks for making my day, Caslon!
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    Aug 27, 2010 4:47 PM GMT
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    Aug 27, 2010 4:53 PM GMT
    GwgTrunks saidRemember John, it was from employees of Fannie Mae, not the CEO's who helped cause this blunder.

    If we're going to start nailing politicians for donations from average people just because of where they work... well, I'm sure there are quite a few unsavory companies involved with McCain as well.


    No, it was the government itself manipulating with the natural flow of the economy and pressuring fannie and bunch to lower regulations to increase more "equality" among home ownership for socioeconomic and racial reasons.

    If the government did not guarantee banks to begin with, then the irresponsible lending would not have happened and the factors which so often get labeled as being driven by "greed" would have never occured..

    So regardless of what the american people think, it is the lefting, democratic philosophy of MORE government intervention in the market (and espoused by many republicans who are equally to blame, like G.W Bush) that created the housing crisis for one.

    As far as the other economic woes, it was caused by too much spending. We either have to cut programs or raise taxes and raising taxes is out of the question in terms of creating economic recovery. Cutting programs is the only sensible choice for an economy driven by capitalism.