Moving on to John McCain
The more I learn about Senator John McCain the more I want to vote for him. When McCain first started winning in the primaries, the only thing I knew about him was his reputation as a maverick and his support for the McCain-Feingold free speech restrictions—which didn’t reflect well on him. Over the last few months, however, I’ve been reading about both Senator McCain and Senator Obama, and McCain is clearly the best choice on the issues that matter to me.
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Effective self defense. After ending prohibition (which neither of them support doing), effective self defense is the most important issue to me. Destroying effective self defense—whether by way of gun bans, confiscation after emergencies, or blaming victims for defending themselves—will also destroy our first, fourth, and fifth amendment rights. When people need to rely on police for their defense, they’ll demand a police state.
Senator McCain has consistently supported an individual right to self defense; Senator Obama has consistently opposed an individual right to self-defense.
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Health insurance reform. Regular readers of Mimsy know that this is an important issue to me. Our current system of health insurance, because of current tax law, effectively locks employees in to their current employer. Our current system is basically that the person paying for health insurance—the employer—isn’t the consumer, and the person consuming health care isn’t the payer. That’s a recipe for high prices and bad service, which is what we have now. It makes it very difficult to find good inexpensive health care when you’re between jobs or self-employed.
McCain’s solution takes the tax breaks from employers and gives them to taxpayers. This will bring health care costs back into the reach of people who are between jobs or self-employed, or just taking it easy for a while. And it will be better health care as well.
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Financial reform. Senator McCain has been trying to end the risks caused by the monolithic Fannie Mae/Freddie Mac banks for at least sixteen years (since voting against the 1992 Federal Housing Enterprises Financial Safety and Soundness Act, which sounds great but in fact tried to encourage housing loans to people who couldn’t afford them). As someone who has been saving money for a long time, I appreciate that, even if the reform has been blocked by people like Chris Dodd and Barney Frank.
We have a tendency to blame the people who warned us about problems once those problems come to pass. Maybe it feels better to pretend that no one could have known? I don’t know. But to see the press and the Democratic leadership piling on McCain even though he’s been the one providing a solution well before this was a crisis, is saddening.
If Fannie Mae/Freddie Mac hadn’t been encouraged to oversell loans in 1992, the subprime mortgage crisis might never have happened; if the 1995 or 1996 Corporate Subsidy Review, Reform and Termination Act had passed it might have curtailed the special subsidies that Fannie Mae/Freddie Mac received well before a crisis hit.
If the oversight from 2002 and 2003 had been put into place, we would have discovered the problems before they became a crisis; and if the oversight from 2005 had been put into place, we would have discovered the crisis before it became the abyss that it is today.
Even when the crisis hit in the midst of his presidential campaign, he did the right thing. He brought the House Republicans on board for the rescue bill—and in so doing, removed the parts of the rescue that would have continued to encourage bad loans.
Senator Obama, on the other hand, excelled mainly at taking money from Fannie Mae/Freddie Mac and now he’s trying to shift blame onto the reformer.
And he’s getting help. The extent to which the mainstream news media is willing to twist the truth for one candidate over another this year is disheartening. I used to argue that media bias was the result of other factors. I can’t do that after this election. There’s no question that they’re in the tank.
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Choosing Governor Palin. Remember, the issue of main importance to me is self defense, and McCain’s chosen someone stronger on self defense than he is. That she also supports stronger checks on the criminal justice system is another bonus. It’s also nice that someone remembers that Russia is geographically very close to the United States. They aren’t Somebody Else’s Problem.
If I had the skill, I’d take her words and put them in Senator Obama’s voice, and see how the same statements are treated. Imagine this without the northern accent and the higher-pitched voice:
It’s a small world and it’s important that we work with our allies to keep good relations with all these countries, especially Russia. We will not repeat a Cold War.
We must have good relationships with our allies, helping us to remind Russia that it’s a mutually beneficial relationship for us all to be getting along.
No, it isn’t a detailed policy position. But it’s important to remember that even this level of detail was deemed too much by ABC, and was cut from her response in favor of the anecdote about how Russia is a lot closer to the U.S. than most people realize.
It seems as though Governor Palin sounds more intelligent in venues where the media can’t edit what she said, then she does in interviews where they can (unlike Senator Biden). The level of Palin Derangement Syndrome out there, even among supposedly mainstream media, is just amazing.
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A person’s email is hacked and the concern is not that left-wing zealots have lost control but rather that Palin is now unqualified because of her poor judgment in using yahoo email? Some people need to divorce themselves from the campaign season. If this had been Joe Biden’s email, they’d be screaming about the right wing fanatics who did it. And they’d be right. And just to be clear, there are people on the right who would rationalize the conduct in the same way. But the key is that it is rationalization.
There are clear lines, and this one was crossed. Don’t hide from it. Don’t rationalize. Preserve your intellectual honesty and disown it.
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On the other hand, I can’t imagine any conservative writer for a major magazine taking something this trivial and mentioning it at all, let alone turning it into their lede: she remembers Joe Biden from second grade… but it turns out that Biden was elected when she was in third grade. What a gaffe!
- And that’s just the tip of the deranged iceberg. See Palin Rumors for a more complete list.
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One of the nice things about having two sitting Senators running against each other is that we can look at their record. Effective self defense, less expensive and better health care, and a stronger economy; we’ll see what happens as the election moves forward, but these are three very good reasons to vote for Senator McCain.
- Straight Talk on Health Care System Reform
- “John McCain Will Reform The Tax Code To Offer More Choices Beyond Employer-Based Health Insurance Coverage.”
- Protecting Second Amendment Rights
- “Gun control is a proven failure in fighting crime. Law abiding citizens should not be asked to give up their rights because of criminals - criminals who ignore gun control laws anyway.”
- Obama and the Attempt to Destroy the Second Amendment
- “As a Joyce director, Obama was involved in a wealthy foundation’s attempt to manipulate the Supreme Court, buy legal scholarship, and obliterate the individual right to arms.”
- McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005
- “In this [2006] speech, McCain managed to predict the entire collapse that has forced the government to eat Fannie Mae and Freddie Mac, along with Bear Stearns and AIG.”
- The Roads Must Roll, Along With a Few Heads
- “Nobody was speaking for the House Republicans; in fact, it appears that nobody was speaking to them, either. So despite the fact that McCain is a senator, not a representative, he nevertheless realized that without the House Republicans, no deal would ever be inked. Even though Democrats have a majority in the House, they refused to pass legislation without the ‘cover’ of a majority of the HRs along for the ride. The Democrats did not want to ‘own’ the package. McCain thought it important enough to temporarily suspend his campaign, fly back to D.C.—which is where his actual job is (and Barack H. Obama’s too, by the way)—and see if he could restart the dialog between the HRs and Everybody Else.”
- What’s more important—a debate or a financial crisis?
- “I’m a little amused by the sudden priority of holding a presidential debate today, rather than have two Senators focus on an emerging national crisis that simply can’t be rescheduled.”
- A Tree Falls In the Forest
- “If you rely on the mainstream media for your news, you probably have no idea that McCain gave an important speech on the economy yesterday. The Los Angeles Times quoted McCain’s speech right up to the point where he started talking about the economy. Then without, acknowledging that the economy was in fact the main subject of the speech, the Times jumped to a quote from Barack Obama to the effect that McCain is afraid to talk about the economy.”
- Debate Tonight
- “John McCain Supported Legislation To Provide Greater Oversight Over Fannie Mae And Freddie Mac, Saying That ‘American Taxpayers Will Continue To Be Exposed To… Enormous Risk’ Unless Congress Acted”
- Video: Democrats insist “nothing wrong” at Fannie Mae, Freddie Mac in 2004
- “By 2004, all of the elements of the current financial collapse had been in place for several years. The aggressive approach to enforcing the Community Reinvestment Act started under Bill Clinton in 1998, and the seemingly endless appetite for paper by Fannie Mae and Freddie Mac had turned massive amounts of bad loans into mortgage-backed securities to spread their cancer throughout the system. In 2004, a year after the Bush administration tried to tighten regulation and oversight on Fannie and Freddie, Congress was told yet again that disaster loomed. The Democratic response is instructive to seeing who really sat back and allowed this collapse to occur.”
- What They Said About Fan and Fred
- “Rep. Frank: I do think I do not want the same kind of focus on safety and soundness that we have in Office of the Comptroller of the Currency and Office of Thrift Supervision. I want to roll the dice a little bit more in this situation towards subsidized housing.”
- Whose policies led to the credit crisis?
- “What many do not recall is that Bush wanted to tighten oversight with a new regulatory board for Fannie Mae, Freddie Mac, and other government recipients for the express purpose of addressing bad loan practices—and Democrats blocked it.”
- More Devils, More Details
- “In 2005, several senators—including John McCain and a couple of other Republicans—tried one final time to impose some serious regulations on Fannie Mae and Freddie Mac, warning that the situation with them had grown even worse since the last attempt, and the damage their collapse would trigger would be absolutely devastating to the nation. Once again, the plan went down in flames amid Democratic protests that there was no real problem, and this was all because Republicans hated poor people and wanted to keep them poor.”
- A great example of how we got to the credit-market meltdown
- “Congress told the two government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to buy up the paper and transform these marginally-qualified loans into what’s known as mortgage-backed securities (MBS). The purchase of these loans made them much more attractive to lenders, who rushed to create more of them. Fannie and Freddie then kept buying the paper and turning them into MBSs and selling them to investors, who assumed that the government would back the GSE securities Congress mandated into existence.”
- Fannie, Freddie Salve Lauded
- "There were quite a few lobbyists retained by Fannie and Freddie who tried to influence Sen. McCain, but they never were able to get their hooks into him," said Anne Canfield, who heads the Consumer Mortgage Coalition, a lending trade group that has advocated for overhaul of the government-sponsored enterprises.
- Effects of Repealing Fannie Mae’s and Freddie Mac’s SEC Exemptions
- “Current law treats the GSEs as instrumentalities of the federal government, rather than as fully private entities. As a consequence, they are afforded exemptions from many taxes, fees, and regulations; and for many purposes, their securities are treated as government securities.”
- The Last Trillion-Dollar Commitment
- “The special relationship with Congress was the GSEs’ undoing because it allowed them to escape the market discipline—the wariness of lenders—that keeps corporate managements from taking unacceptable risks.’
- Every suspicion you have about MSM is true
- “Off the record, every suspicion you have about MSM being in the tank for O is true. We have a team of 4 people going thru dumpsters in Alaska and 4 in arizona. Not a single one looking into Acorn, Ayers or Freddiemae. Editor refuses to publish anything that would jeopardize election for O, and betting you dollars to donuts same is true at NYT, others.”
- The fix is in, and it’s working…
- “I have a couple friends who work in the MSM, too, and one of them tells me the newsroom is (exact words) ‘unbelievably cavalier’ about any complaints viewers register about their reports, what they ignore, their bias or the way they edit Republicans vs. the way the treat Dems. “Cavalier” as in the fix is in and they don’t even have to pretend to care what half the country thinks or wants.”
- Dog bites man, and reports the story
- “They’ve been cavalier with the truth and with reporting for decades. Their consumers have finally realized it. The power of the media to shape opinions has waned as a result, but it doesn’t mean they have lost it altogether. We’ll still work to expose media bias, and hope that the whistleblowers to Glenn and the Anchoress can work to bring reform to their newsrooms over time.”
- GOP: Hail Mary Pass or Go Home
- “The GOP keep acting like the media rules today are the same rules which were played 50 years ago, and that if they just sit on the curb saying, “hey, guys, play fair!” the left and the press will suddenly pull back and say, “hey, wow, you’re right! We haven’t been holding to the precepts of honest governance or ethical journalism! Thanks for pointing that out, and by Jove, we’re going to do better! We’re going to stop lying about Sarah Palin and those rape kits! We’re going to go ahead and ask those questions about Bill Ayers and we’re going to report on Obama’s questionable tolerance of free speech! We’re going to demand for accountability from the Democrats and even be fair once in a while!”
- Left Wing Hater Hacks into Sarah Palin’s Private Email Account
- “I read though the emails... ALL OF THEM... before I posted, and what I concluded was anticlimactic, there was nothing there, nothing incriminating, nothing that would derail her campaign as I had hoped, all I saw was personal stuff, some clerical stuff from when she was governor.... And pictures of her family (emphasis mine).”
- Invading Palin’s privacy
- “Aren’t the people on the left the ones who have been telling us for the last 8 years that ‘evil nazi Bush’ has been ‘intruding into people’s private correspondences’? Can the hypocrisy get any thicker? First Palin is ‘not a woman’, and ‘not the mother of her baby,’ and all the rest of the looney tunes stuff…now, she is not an American entitled to her privacy? ”
- More Russian bombers flying off Alaska coast
- “More and more American and Canadian fighter jets are scrambling and intercepting Russian bombers flying off the Alaskan coast, exacerbating tensions between the former Cold War foes.”
- The Media and Democratic Party Lied: Palin Did Not Charge For Rape Kits
- “Three expert witnesses testified that they knew of no police agencies in Alaska that billed victims. The law was needed because hospitals occasionally exercised bad judgment and billed victims.”
- Biden’s Fantasy World
- “Sarah Palin may not know as much about the world, but at least most of what she knows is true.”
- Did Biden Get It Wrong? You Betcha
- “Compare the uproar over Palin’s answer to Charlie Gibson about the ‘Bush Doctrine,’ a doctrine that Gibson clearly didn’t understand and for which there apparently exist at least four different versions. Where is the outrage over Biden not understanding what vice presidents do? This mistake during the debate was hardly unique. Biden got a lot of things wrong in the debate that are going unnoticed by the fact-check media.”
- Palin Rumors
- “Yes, she has a college degree in Journalism, but I won’t hold that against her, as she seems to have found honest work as well.” “Charles Martin has established a clearinghouse for all the existing rumors about Sarah Palin, and any new ones you want to make up, if you want to try your hand at being a professional journalist like Elizabeth Bumiller.”
More financial reform
- Definitionally dodging recession responsibility
- You’re in a recession when the economy’s doing well; you’re out of it when the economy sucks. Ignore that mortgage crisis behind the curtain.
- Upturns with no downturns
- A pessimistic clock might be right twice a day; it might not be. It’s hard to tell when the clock doesn’t even use the same numbers we’re used to.
- Blaming the financial crisis on the reformers
- Change, hope, and unmitigated gall. McCain, Bush, and Palin were right about Fannie Mae/Freddie Mac. Now can we start listening to them on social security?
More John McCain
- Citizens United and libertarian schizophrenia
- The latest Supreme Court ruling on free speech pretty much completes my renunciation of the Democratic Party.
- McCain sees the light: campaign finance reform dead
- Now, will he introduce bills to repeal those laws?
- Big lizards give advice to John McCain
- The lizard brain is trying to help John McCain, and I think he’d do well to listen.
- McCain’s success is not surprising
- Is McCain’s success really a surprise given the available candidates? I don’t think so. Ditto for Huckabee. Their success may be simply that voters are still paying attention to the issues. Objectively speaking, McCain is a stronger conservative candidate than Giuliani and Romney.
More presidential elections
- Nothing to fear but a brokered convention
- The reason someone smart would want a brokered convention is that it’s exciting, and it means media coverage, and even more, it means unfiltered media coverage.
- If I were running for president…
- I’d make heavy use of short videos, and I’d record everything I did with the media.
- Fighting for the American Dream
- Joe the Plumber writes about his experiences at the center of one of the most vicious smear campaigns in recent memory.
- McCain sees the light: campaign finance reform dead
- Now, will he introduce bills to repeal those laws?
- Vote on performance, not promises
- If you’re disappointed that President Obama is the same wheeler-dealer he was when he was a Senator, take it as a lesson for future elections: vote performance and record, not promises.
- 21 more pages with the topic presidential elections, and other related pages