Comments on: Which candidate is better equipped to handle the financial crisis? http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/ Tell Jack how you really feel Sat, 19 Dec 2009 00:00:35 +0000 http://wordpress.com/ hourly 1 By: Samantha http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579402 Samantha Mon, 15 Sep 2008 22:05:20 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579402 Many people fail to mention that over the last 100 years, the president's parties have virtually flip floped from Republican to Democrat and back again. It is also important to note that when a president leaves office, most of the laws that were put into his place during his presidency don't begin to show their effect on the economy until the next president takes office. I'm not a supporter of Bush but I do feel like many people are extremely critical of him because of the war and 9/11. Let's rewind -- Bush had been in office for less than a year when 9/11 occurred. Clinton was in office for 8 years prior to 9/11, why didn't he do anything to prevent it? Clinton was lucky enough to be president during the internet age -- something he didn't have a whole lot of influence on. The internet boom is what made our economy better in the 90s, not Clinton. One of the reasons we are so worried about our social security now is because Clinton made the money we deposit into "the bank of social security" available to be spent by the government (which also helped give him his surplus). Overall, we need to stop focusing on the candidate and their social life with each other and focus on whether or not we agree with the party's stance on issues. Because in the end, the candidate will vote in the direction of their party. So Obama will raise taxes and increase the gov't spending while McCain tries to keep money in the pockets of the person who earned it to spend how we see fit. Many people fail to mention that over the last 100 years, the president's parties have virtually flip floped from Republican to Democrat and back again. It is also important to note that when a president leaves office, most of the laws that were put into his place during his presidency don't begin to show their effect on the economy until the next president takes office. I'm not a supporter of Bush but I do feel like many people are extremely critical of him because of the war and 9/11. Let's rewind - Bush had been in office for less than a year when 9/11 occurred. Clinton was in office for 8 years prior to 9/11, why didn't he do anything to prevent it?

Clinton was lucky enough to be president during the internet age - something he didn't have a whole lot of influence on. The internet boom is what made our economy better in the 90s, not Clinton. One of the reasons we are so worried about our social security now is because Clinton made the money we deposit into "the bank of social security" available to be spent by the government (which also helped give him his surplus).

Overall, we need to stop focusing on the candidate and their social life with each other and focus on whether or not we agree with the party's stance on issues. Because in the end, the candidate will vote in the direction of their party. So Obama will raise taxes and increase the gov't spending while McCain tries to keep money in the pockets of the person who earned it to spend how we see fit.

]]> By: Jon http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579398 Jon Mon, 15 Sep 2008 22:05:10 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579398 McCain, he was around for the last one. Jon Bethesda, MD McCain, he was around for the last one.

Jon
Bethesda, MD

]]> By: robert in Montreal http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579394 robert in Montreal Mon, 15 Sep 2008 22:04:58 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579394 Neither Obama nor Mc Cain. First lets remember that democrats ( because it benefited lower income people ) and republicans ( as it created more real estate owners ) were both in favor of the reckless lending that is at the root of the present situation. Neither candidate has the experience or background to handle such far reaching, complex and delicate problem. So your question can only be answered when we'll know who the next president chooses as Paulson's successor, if it is not too late by then. So for the time being the best chance to resolve this situation in matters of months rather than years lies with the present administration. Neither Obama nor Mc Cain.
First lets remember that democrats ( because it benefited lower income people ) and republicans ( as it created more real estate owners ) were both in favor of the reckless lending that is at the root of the present situation.
Neither candidate has the experience or background to handle such far reaching, complex and delicate problem.
So your question can only be answered when we'll know who the next president chooses as Paulson's successor, if it is not too late by then.
So for the time being the best chance to resolve this situation in matters of months rather than years lies with the present administration.

]]> By: Chris from Delmar http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579386 Chris from Delmar Mon, 15 Sep 2008 22:04:25 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579386 Although I lean towards Obama, these problems may be too big for either candidate. Change is necessary, alright, but it must be deeper and more fundemental than either candidate wants to talk about. Although I lean towards Obama, these problems may be too big for either candidate. Change is necessary, alright, but it must be deeper and more fundemental than either candidate wants to talk about.

]]> By: Jean Margolis http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579379 Jean Margolis Mon, 15 Sep 2008 22:03:59 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579379 Barak Obama and Joe Biden and Hillary Clinton are the best suited to get us out of this mess. I respect the republican view on this but my goodness they are just way out of touch. Barak Obama and Joe Biden and Hillary Clinton are the best suited to get us out of this mess. I respect the republican view on this but my goodness they are just way out of touch.

]]> By: brenda from idaho http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579380 brenda from idaho Mon, 15 Sep 2008 22:03:59 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579380 McCain is the man with experience for me. Obama isn't ready to lead and a Democratic congress hasn't fixed anything either. McCain is the man with experience for me. Obama isn't ready to lead and a Democratic congress hasn't fixed anything either.

]]> By: Len Lemmer http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579378 Len Lemmer Mon, 15 Sep 2008 22:03:47 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579378 The American economy will be just fine. Everyone needs to take a deep breath. My concern is that Congress and President will over react, and make the situation worse. As far as the candidates are concerned, let me just say this; the economy will not be assisted by an increase in taxes. Just remember this, Wall Street has lost 5% in its value many times. In 1987 the Dow lost almost 20%, in one day. Does anyone even remember it? The American economy will be just fine. Everyone needs to take a deep
breath. My concern is that Congress and President will over react, and make the situation worse. As far as the candidates are concerned, let me
just say this; the economy will not be assisted by an increase in taxes.
Just remember this, Wall Street has lost 5% in its value many times.
In 1987 the Dow lost almost 20%, in one day. Does anyone even remember it?

]]> By: Sam http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579366 Sam Mon, 15 Sep 2008 22:03:18 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579366 The answer is: neither. You see, Americans, both liberal and conservative, tended to ignore one precious value: live within your means. This is something neither liberals nor conservatives and their policies can deal with. It is up to people to do so. Yes, there are many stories about people out of their 3 and 4 bedroom homes. But wait...could they afford them if the economy went south? Did they really need a 60" plasma HDTV, Nintendo, etc? None of these things are bad in themselves, but when the budget gets blown sky high the moment a downturn happens, you haven't planned properly. Jumbo loans over $500,000? Interest-only loans? You say these should be abolished, I say you needed to do some homework before you got into these. Variable interest loans? Unless you absolutely know for a fact that you are gone from your house in one year, it won't save you much after fees...and when it expires and your interest rate goes up 3% or much higher and your payment jumps $300-$1,000+ per month, you're toast. Liberals, you can't blame conservatives/Republicans for this. And vice versa. The banks do share responsibility for excessive greed, but the majority of the fault belongs to those who didn't read what they were getting into when they signed the bank papers. To say that the economy is best under a Democratic administration is just beyond folly. It does best when it is regulated least, but yet regulated enough to piunish those who abuse the system. Socialism as the liberals want it is a damnable utopia that has enslaved millions around the world, and it won't work here. Let ME decide...not you...what to do with my money, and learn the adage: live within your means". Again, not slamming those who did their homework and still failed...that will happen to anyone. But way too many people who didn't do a reality check, now find that they are the ones who have been cashed. The answer is: neither. You see, Americans, both liberal and conservative, tended to ignore one precious value: live within your means. This is something neither liberals nor conservatives and their policies can deal with. It is up to people to do so.

Yes, there are many stories about people out of their 3 and 4 bedroom homes. But wait...could they afford them if the economy went south? Did they really need a 60" plasma HDTV, Nintendo, etc? None of these things are bad in themselves, but when the budget gets blown sky high the moment a downturn happens, you haven't planned properly.

Jumbo loans over $500,000? Interest-only loans? You say these should be abolished, I say you needed to do some homework before you got into these. Variable interest loans? Unless you absolutely know for a fact that you are gone from your house in one year, it won't save you much after fees...and when it expires and your interest rate goes up 3% or much higher and your payment jumps $300-$1,000+ per month, you're toast.

Liberals, you can't blame conservatives/Republicans for this. And vice versa. The banks do share responsibility for excessive greed, but the majority of the fault belongs to those who didn't read what they were getting into when they signed the bank papers. To say that the economy is best under a Democratic administration is just beyond folly. It does best when it is regulated least, but yet regulated enough to piunish those who abuse the system. Socialism as the liberals want it is a damnable utopia that has enslaved millions around the world, and it won't work here. Let ME decide...not you...what to do with my money, and learn the adage: live within your means".

Again, not slamming those who did their homework and still failed...that will happen to anyone. But way too many people who didn't do a reality check, now find that they are the ones who have been cashed.

]]> By: Sonny Dawd http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579357 Sonny Dawd Mon, 15 Sep 2008 22:02:57 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579357 Who do you trust to handle the economy - a guy whose main qualification was being a POW, or an intelligent Harvard graduate who worked to help the poor? You tell me. Who do you trust to handle the economy -
a guy whose main qualification was being a POW, or an intelligent Harvard graduate who worked to help the poor?

You tell me.

]]> By: Drew http://caffertyfile.blogs.cnn.com/2008/09/15/which-candidate-is-better-equipped-to-handle-the-financial-crisis/#comment-579341 Drew Mon, 15 Sep 2008 22:02:10 +0000 http://cnncaffertyfile.wordpress.com/?p=1528#comment-579341 That is a no brainer Jack. I do not know how anyone in their right mind can think that John, "Mr. Fundamentals of the Economy are Strong" McSame can handle this. Lets listen to Chairman Greenspan when he says that America cannot afford to fund tax cuts by increasing the deficit. My vote will go for the only ticket in this campaign that has any semblance of sanity. John McCain and his "know-nothing" sidekick have no idea what they are doing, especially when it comes to the economy. Are you better off now than you were four years ago? Think about it - Lehman Brothers and Bear Sterns go under, unemployment goes from 4.2% to 6.1% in 8 years, and foreign banks are funding our debt! Nothing in this country has gotten any better since Bush/McCain took office! OBAMA '08! That is a no brainer Jack. I do not know how anyone in their right mind can think that John, "Mr. Fundamentals of the Economy are Strong" McSame can handle this. Lets listen to Chairman Greenspan when he says that America cannot afford to fund tax cuts by increasing the deficit. My vote will go for the only ticket in this campaign that has any semblance of sanity. John McCain and his "know-nothing" sidekick have no idea what they are doing, especially when it comes to the economy. Are you better off now than you were four years ago? Think about it – Lehman Brothers and Bear Sterns go under, unemployment goes from 4.2% to 6.1% in 8 years, and foreign banks are funding our debt! Nothing in this country has gotten any better since Bush/McCain took office! OBAMA '08!

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