Comments on: What role do the Pres. candidates play in the bailout plan? http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/ Tell Jack how you really feel Sat, 19 Dec 2009 00:00:35 +0000 http://wordpress.com/ hourly 1 By: Henry tobin http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680046 Henry tobin Tue, 30 Sep 2008 21:24:09 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680046 Unfortunately, one of future centrality but current irrelevance. Although one of them will have to operate under whatever plan goes forward, neither is the current President or his chief advisors, nor regulatory head, nor congressional leader. Further, under our tripartate system of government, i.e.: three independent branches, there is no party discipline under the party leader/chief executive/legislative head, as there is in many parliamentary systems. Absent any institutional powers, each candidate can be most helpful by a relatively light use of moral suasion, best typified by Obama's approach of acknowledging the more central role of others but also making a few suggests such as significantly raising deposit insurance levels. Unfortunately, one of future centrality but current irrelevance. Although one of them will have to operate under whatever plan goes forward, neither is the current President or his chief advisors, nor regulatory head, nor congressional leader. Further, under our tripartate system of government, i.e.: three independent branches, there is no party discipline under the party leader/chief executive/legislative head, as there is in many parliamentary systems. Absent any institutional powers, each candidate can be most helpful by a relatively light use of moral suasion, best typified by Obama's approach of acknowledging the more central role of others but also making a few suggests such as significantly raising deposit insurance levels.

]]> By: Martin O. http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680040 Martin O. Tue, 30 Sep 2008 21:23:59 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680040 How about casting a vote.... they are still senators, aren't they? How about casting a vote.... they are still senators, aren't they?

]]> By: Anthony http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680038 Anthony Tue, 30 Sep 2008 21:23:58 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680038 I think they should do everything they can but I dont hold them responsible or give them the sole credit for it's failure or success. I don't understand the criticism McCain is labeling Obama for with respect to this "bailout" plan. When either of them become President, then we can blame them for any failures and champion their successes but right now I dont see them as having any more say than any other senator out there... I think they should do everything they can but I dont hold them responsible or give them the sole credit for it's failure or success. I don't understand the criticism McCain is labeling Obama for with respect to this "bailout" plan. When either of them become President, then we can blame them for any failures and champion their successes but right now I dont see them as having any more say than any other senator out there...

]]> By: Joe C http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680031 Joe C Tue, 30 Sep 2008 21:23:42 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680031 Obama couldn't even deliver the votes of the Democratic Black Caucus. Not one voted for it. So much for his influence. Obama couldn't even deliver the votes of the Democratic Black Caucus. Not one voted for it. So much for his influence.

]]> By: Frank Cobb http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680030 Frank Cobb Tue, 30 Sep 2008 21:23:41 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680030 I am a disabled VET. Last year my bank charged me over $1000 in over draft fees, and i was only pennies short, which made me fall behind in my mortgage. and all my other bills. No matter how much i beg for leniency, none was granted. i was almost forclosed on and I had to pay over $3000 in fines late fee between the two. and my credit scroes shot down the toilet. Now they are short by TRillions of Dollars! and need my help? LET EM BURN IN HELL! I am a disabled VET. Last year my bank charged me over $1000 in over draft fees, and i was only pennies short, which made me fall behind in my mortgage. and all my other bills. No matter how much i beg for leniency, none was granted. i was almost forclosed on and I had to pay over $3000 in fines late fee between the two. and my credit scroes shot down the toilet.

Now they are short by TRillions of Dollars! and need my help? LET EM BURN IN HELL!

]]> By: Kate http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680029 Kate Tue, 30 Sep 2008 21:23:34 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680029 Dear John McCain -- blaming Obama does nothing to get votes for you. Dear John McCain - blaming Obama does nothing to get votes for you.

]]> By: PiedType http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680028 PiedType Tue, 30 Sep 2008 21:23:32 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680028 McCain was worse than useless when he jumped in last week. I think that was lesson enough that both he and Obama should stay out of it. With the election looming, it's important to voters that the candidates stay focused on the campaign. Neither should be trying to make political hay out of the bailout. PiedType Denver, CO McCain was worse than useless when he jumped in last week. I think that was lesson enough that both he and Obama should stay out of it. With the election looming, it's important to voters that the candidates stay focused on the campaign. Neither should be trying to make political hay out of the bailout.

PiedType
Denver, CO

]]> By: Rashida from Hamden, CT http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680026 Rashida from Hamden, CT Tue, 30 Sep 2008 21:23:30 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680026 I don't think either candidate should be front and center on the bailout plan. The legislation is made up of ideas from many people, so neither one of them can take a great amount of credit for it. They've both said what they feel needs to be in the package many times and I think that's all they can do. I think the fact that McCain pretended to suspend his campaign and put a political spotlight on not just him but everyone involved is what caused the failure of the negotiations. He has effectively taken control of what the media is talking about once again. I think the strategy of his campaign is, as absurd as it may be, is any media is good media. Any focus they can take off of Obama and the new ideas he has for the country is good for them because McCain hasn't come up with anything innovative. McCain truly is just out of touch and more of the same. I don't think either candidate should be front and center on the bailout plan. The legislation is made up of ideas from many people, so neither one of them can take a great amount of credit for it. They've both said what they feel needs to be in the package many times and I think that's all they can do. I think the fact that McCain pretended to suspend his campaign and put a political spotlight on not just him but everyone involved is what caused the failure of the negotiations. He has effectively taken control of what the media is talking about once again. I think the strategy of his campaign is, as absurd as it may be, is any media is good media. Any focus they can take off of Obama and the new ideas he has for the country is good for them because McCain hasn't come up with anything innovative. McCain truly is just out of touch and more of the same.

]]> By: ben http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680024 ben Tue, 30 Sep 2008 21:23:28 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680024 they should stay out of it, they should stay out of it,

]]> By: lakeeffect http://caffertyfile.blogs.cnn.com/2008/09/30/what-role-do-the-pres-candidates-play-in-the-bailout-plan/#comment-680022 lakeeffect Tue, 30 Sep 2008 21:23:25 +0000 http://cnncaffertyfile.wordpress.com/?p=1939#comment-680022 When you don't do your homework, you need to do it over. If it is a national crisis then it has to be done immediately. Congress is ostensibly a group of legislators. That being the case it is okay to vote against an important bill like this ONLY if you have a better idea in the form of a substitute bill. Everyone that voted against the bailout and didn't have a bill of their own should be voted out of office. One of the economists suggested we need to start from the bottom up. That is with homeowners whose mortgages are failing, back them up with fixed rate loans they can afford. That stops the bleeding, ends the housing crisis, and helps communities with empty houses that need repair. As for Paulson, he gets and F, for turning in a 3 page paper asking for him to be king. Fire the guy and get someone who understands congress and economics. When you don't do your homework, you need to do it over. If it is a national crisis then it has to be done immediately. Congress is ostensibly a group of legislators. That being the case it is okay to vote against an important bill like this ONLY if you have a better idea in the form of a substitute bill. Everyone that voted against the bailout and didn't have a bill of their own should be voted out of office.

One of the economists suggested we need to start from the bottom up. That is with homeowners whose mortgages are failing, back them up with fixed rate loans they can afford. That stops the bleeding, ends the housing crisis, and helps communities with empty houses that need repair.

As for Paulson, he gets and F, for turning in a 3 page paper asking for him to be king. Fire the guy and get someone who understands congress and economics.

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