John McCain’s economic proposals are rooted in the same philosophy and will have the same result: more record federal deficits.

When Ronald Reagan took office, the national debt stood at $700 billion.

We now have a national debt that exceeds $10 trillion.

Want to place the blame? Refer to the chart linked below to compare the result of democratic and republican economic policies:

http://zfacts.com/p/318.html

McCain, John ( R ) $7,029,893

I’m sure that was just an accidental oversight.

The Top 20 List for 2008 includes 11 Democrats and 9 Republicans.

If you check the lists of All Senators and All Members of the House, you’ll see that the total number of Democratic and Republican recipients is about equal.

http://www.opensecrets.org/industries/summary.php?ind=F07&cycle=2008&recipdetail=M&sortorder=U

The average american has over 7 thousand just in credit card debt…that has nothing to do with Fannie Mae and Freddie Mac. Trading in unregulated credit swap derivatives, junk bonds, and playing roulette in the stock market instead of investing in something has nothing to do with Fannie and Freddie.

The stock market crash is the beginning of the economic trouble, not the end.

Banks are going to be in further trouble with the credit card debt, not just the mortgage problem.

Securities & Investment: Money to Congress (Open Secrets)
Top Members (influence and lobbying money)

Candidate Amount
Obama, Barack (D) $10,059,210 Clinton, Hillary (D-NY) $7,355,720
Dodd, Christopher J (D-CT) $2,932,532
Coleman, Norm (R-MN) $626,850
McConnell, Mitch (R-KY) $620,236
Emanuel, Rahm (D-IL) $600,500
Sununu, John E (R-NH) $595,650
Baucus, Max (D-MT) $547,500
Durbin, Dick (D-IL) $515,475
Biden, Joseph R Jr (D-DE) $432,450
Lautenberg, Frank R (D-NJ) $424,233
Shays, Christopher (R-CT) $362,720
Reed, Jack (D-RI) $359,550
Rangel, Charles B (D-NY) $329,850

This is precisely what John McCain proposes to do–at a moment when the disasterous consequences of such irresponsible, totally illogical economic policies are becoming glaringly apparent.

WTF? Are you dreaming? McCain is not Bush is not Reagan anymore than Obama is Jack Kennedy (Jack hated Fidel-Obama loves Fidel Castro.) Where prey tell are you getting your info? Oh, I see, you are just making it up. Listen up now. That’s what Governor Palin is best at. Cleaning up corruption and balancing the budget. You really didn’t think she was picked to pose because she’s a beuty queen of a woman now did you? One thing you are missing here is that Obama, Pelosi, Alice Germond, Dodd, Reid, Franks, Paulson and a whole host of others from fannie & freddie are going to be indicted for voter fraud and they are the responsible party for the collapse of our economy. Before Dems took over we were sailing along just fine. We had this minor problem that needed addressing but now it’s too late and has grown into a devasting problem. It doesn’t affect Oprah though. She’s still wiggling her fat arse around and having $28,000/plate fund raisers for Fraudbama. The rich will benefit from the collapse of the economy. They’ll buy up everything in sight at pennies on the dollar and wait for the market to return. All this at the expense of the ‘little people’ who get to foot the bill as they take less and less of their paycheck home.

WILL AYERS, LARRY SINCLAIR, FARAKHAN, THESE ARE THE THE REALL PEOPLE BEHIND THE TERROIST HUSSEIGN OBAMA

CALL YOUR CONGREESMAN AND WOMAN AND DEMAND THAT HILLARY BE PLACED IN NOMINATION BEFORE IT IS TOO LATE, OR VOTE FOR MCCAIN IT IS REALLY UP TO US TO SAVE AMERICA…

RISE HILLARY RISE

RISE ONCE AGAIN FOR AMERICA

The Assistant Dir. of Product Initiatives for Fannie Mae at that was one Herb Moses. In addition to his position at Fannie Mae, Moses was also the live-in companion of Barney Frank. Yes, Folks, the same Barney Frank who squashed Clinton’s attempt to regulate the mortgage co. Conflict of interest? I’d say yes – Big Time. And Obama wants to lay the blame on McCain? Oh – but I forgot – Barney Frank is one of Obama’s strongest supporters.

Get rid of Barney Frank. They might love him in Massachusetts, but his conflict of interest in this matter has affected all of the other 49 states, and that is a matter of concern to all of us.

By a four-to-one margin CEOs support Senator John McCain over his rival, Senator Barack Obama. More to the point, a thundering 74 percent majority say they fear the consequences of an Obama presidency, compared to only 19 percent who fear a McCain presidency.

The last time I checked, an overwhelming majority of American citizens weren’t corporate executive officers, nor were they a part of the upper 10% of the population that now owns over 71% of the nation’s total wealth.

The bottom 60% of the population now owns less than 4% of the nation’s total wealth. These are people who may not see the possible consequences of an Obama presidency in such an unfavorable light.

I fear a McCain presidency because I don’t believe the nation can survive another 4 years of Reaganomics.

We’ve got to grow up, throw out our illusions, and recognize some fundamental economic realities. One of those realities is that a government–like an individual or a household–cannot live indefinitely on credit, borrowing half-a-trillion dollars a year while simultaneously giving enormous tax cuts to people who already own a vastly disproportionate share of the nation’s wealth.

This is precisely what John McCain proposes to do–at a moment when the disasterous consequences of such irresponsible, totally illogical economic policies are becoming glaringly apparent.

Reaganomics are at the point of death. If we attempt to sustain the patient on life-support, the economy and the nation may expire too.

The link in SnarlingCur explains the mess — but so far no mention of the refi.

Not so long ago we were getting calls almost daily asking us if we wanted to take advantage of the low mortgage rates to refinance — and we got tons of mail offering us loans — pre-approved loans.

Also, we’d see mortgage lending offices (hole in the wall/store front) in small towns throughout the San Juan Island and all other rural areas of Washington. This year these store front mortgage offices are gone.

Many people we know decided to refi their homes and they bought boats or other luxury items. New cars were everywhere — which I tend to notice since I drive a very old, but still runs, car. But then our home is paid for and so are the cars.

It would seem that there is lots of blame to go around — Dems and Republicans — the store front mortgage industry — and consumers who wanted everything now. It was like consumers were in a manic rush to get everything — with the money that was locked up in their homes.

Obama is a symptom of this financial mess — he must have everything now — without WORKING for what he wants.