Mccain did say that he had a plan to use 300 billion...
Posted By: sam on 2008-10-09
In Reply to: Gosh darnit. There you go, sam, - putting words into O's mouth again. sm
of the 700 billion to buy back bad mortgages and renegotiate them to a fixed rate so that people could stay in their homes. Obama said this morning that was a bad idea and it rewarded bad lenders. But it WOULD protect the homeowners. He can't have it both ways, and neither can you.
Obama has not said how he will fix the economic crisis either. He talks in generalities. He said that yes, maybe some programs should be cut, but won't given even ONE example. He says he still plans to raise taxes on the rich (which are the businesses, the corporations, most of the jobmakers in this country). Now you tell ME how THAT is going to HELP the economy.
McCain has said he would FREEZE spending except for the most necessary programs. THAT is what will HELP the economy. If Obama said freeze spending his base woudl go apoplectic.
McCain has said more specific things than Obama has said about getting us out of his crisis. You just aren't listening to anyone but Obama and the Obama campaign. I am listening to BOTH of them.
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Why are you McCain people so desperate? You are just like McCain. No plan. Just criticism of the
other candidate. I guess you want the same old thing we have had for the past 8 years. God forbid McCain win with that wild woman, Palin.
And so how exactly does McCain plan to fix
He could sell Alaska to the Japanese. They need the land & the natural resources, and they most definitely have the money.
McCain's plan...
http://www.johnmccain.com/Informing/Issues/19ba2f1c-c03f-4ac2-8cd5-5cf2edb527cf.htm
Not as described above.
Obama's Plan:
http://www.barackobama.com/issues/healthcare/
They seem very similar to me...big difference is Obama wants the government to control it and McCain wants individuals to control their own health care. I don't see a problem with that.
Which is why I am still voting McCain.
McCain economic plan...
Click on the individual windows to get the complete plan.
http://www.johnmccain.com/Issues/jobsforamerica/
McCain's secret plan
He keeps saying he knows how to find BinLaden and will do that after he is elected. Why isn't he sharing his secret fool-proof plan to capture him with the current administration? He is dangling that promise over our heads. If he actually does have a fantastic plan, he is allowing the whole country to be vulnerable UNTIL he gets what he wants - the presidency. Thumbs down on you, grandpa.
McCain's mortgage plan
Did anybody understand when McCain brought up plan to buy bad mortgages and renegotiate, etc. Would that be with the $700 billion we are already shelling out or would this be an additional $300 Billion the taxpayers have to pay. If I can get my mortgage renegotiated with the government, maybe I'll just stop paying my mortgage and get something out of this after all!
John McCain has given a plan.
John McCain believes our schools can and should compete to be the most innovative, flexible and student-centered - not safe havens for the uninspired and unaccountable. He believes we should let them compete for the most effective, character-building teachers, hire them, and reward them.
If a school will not change, the students should be able to change schools. John McCain believes parents should be empowered with school choice to send their children to the school that can best educate them just as many members of Congress do with their own children. He finds it beyond hypocritical that many of those who would refuse to allow public school parents to choose their child's school would never agree to force their own children into a school that did not work or was unsafe. They can make another choice. John McCain believes that is a fundamental and essential right we should honor for all parents.
As president, John McCain will pursue reforms that address the underlying cultural problems in our education system - a system that still seeks to avoid genuine accountability and responsibility for producing well-educated children.
John McCain will place parents and children at the center of the education process, empowering parents by greatly expanding the ability of parents to choose among schools for their children. He believes all federal financial support must be predicated on providing parents the ability to move their children, and the dollars associated with them, from failing school.
McCain has a plan...just like Obama has one....
read about it on his website. And if you didn't turn off the TV every time he spoke, you would know he has a plan. LOL. What I don't want is the last TWO years, when the Democrats sat on their hands and did nothing while Freddie/Fannie ruined the economy. What I DON'T want is a socialist President and a democratic majority, and I will have NO part in bringing that about. For the first time in my LIFE I am voting a straight republican ticket.
McCain Resurgence Plan windfall for lenders.
Initially, when McCain announced his "new" mortgage buyout plan, it was simply a restatement of the existing provisions already authorizing the Treasury Department and Federal Housing Administration to purchase, restructure and guarantee mortgages. In fact, these provisions had been promoted and supported by Obama during the legislative process when they were included in the original legislation.
At first, the buyout would have purchased mortgages at their current devalued amount, meaning that the lenders would have to "recognize the loss" they had already suffered. Lenders were required to back only 90% of the original value and homeowners would have been required to share any increase in value with the government, reflecting shared responsibility.
Under McCain's "revised" plan, the treasury would pay FULL face value of mortgages, even though they are no longer worth that amount. He deleted the shared responsibility phrase, thus creating what amounts to a windfall for the banking industry, rewarding the most irresponsible lenders. Under this revision, banks receive full payment, even on artificially inflated values for the homes and assume no loss while tax payers take all the loss of the mortgage value and perhaps even end up losing more in the event that the housing values do not recover. Taxpayers would also not get any benefit should the houses increase in value.
Some lenders, voluntarily or as part of settlements, are working on solutions to the mortgage meltdown that modifying mortgages to help homeowners stay in their homes –WITHOUT costing taxpayers a dime. But if the McCain plan were in place, this process would stop because lenders would know they could always sell their mortgages at full face value to taxpayers.
So, contrary to sam's claims, O is simply promoting protection for the homeowners AND the taxpayer. This is not "punishment" of the lenders. This is an effort to hold the guilty parties responsible for their longstanding shady lending practices and ensure that THEY too shoulder the burden of the costs.
I am left wondering what the bum's rush is on this McCain plan. A mortgage bail-out should not be conceived, defined, proposed, debated or passed as part of another halting, frenetic political stunt designed to make McCain look like he knows what he is doing when it comes to addressing the economic woes of the nation. It requires careful, thourhgtful, informed consideration...the kind that can only take place AFTER the election and in the absence of underlying agendas aimed at rescuing a failing presidential campaign.
No, it says "versus" McCain which is the bush plan so obama is wayyy better duh!
nm
Oh, it isn't $700 billion any more... it is
now $850 billion!!, I am shocked both Senators from LA, 1 Dem (Landrieu) and 1 Rep (Vitter), voted NO.
34 BILLION...............
To the poster who said ALL the garbage had been taken out of the stimulus bill, which of course hasn't, I suppose you believe the Dept of Commerce spending 34 BILLION of our money is just fine, especially since they are a huge anti-American group to begin with. Do your homework.....Dept of Commerce is not the least bit interested in businesses in this country.
Gee, $1.2 billion?
pretty soon we'll be talking about real money!
You will never be able to deny that $559 billion
su
That would have been 30 billion to ACORN of the...sm
return on the investments. That and other returns going to special interests.
Think about it. This is an investment. NOT a bailout. They need to get rid of that word.
If the dems wanted to write in 30 billion dollars to the ACORN from future profits....and others....they know this is an investment.
They need to tell the public this.
These profits need to be returned to the taxpayer, and to Social Security and pay down the national debt.
Not more special interests.
That's a big holdup of all the add ons that the dems put on, that need to be changed for the good of the people.
They need to get back closer to three pages....instead of 103 pages of earmarks for special interests.
I thought it came out of the 700 billion as...
part of the consumer housing protection part of it. The way I understand the 700 billion is that is how much is allotted but nothing in the bill said specifically how it was going to be spent other than to "rescue" the economy. The bill did have mortgage protections in it, meaning "try to keep people in their homes." So, I believe that he is saying 300 billion of the 700 billion would go to that purpose.
$14 billion in taxes isn't even a
Certainly, no reason to legalize a dangerous substance, which is what pot is.
Let's reverse all the smoking restrictions and get all our kids hooked on cigarettes instead, if that's our logic. We'll make a lot more than $14 billion!
Stamp out tobacco and legalize pot. We're doing some real good thinking here.
And hey! You! Drop that Twinkie and put your hands in the air! Wipe those crumbs off your lips! This is the Fat Police you're dealing with, buster, and you're goin' downtown. Lookout boys! He's got a can of whipped cream under his shirt!
(Later, at home): Son, I'm so disappointed in you. Why can't you smoke pot like all the other kids?
700 billion dispersed to every citizen would only come to
.
I heard this morning it was over $850 billion...
with added stuff...one particular one I saw was for wool research and wooden children's arrows of all things. The Republicans did manage to get some tax cuts in there that will help to a point so that maybe not so much of the $700 billion will have to go out...because people will be encouraged to invest again. A drop in the bucket probably, but at least a try. Now it has to go back to the house and no telling what they will want to add. The bill went from what was posted on the internet (about 10 pages I think) to 450+. Sigh. THAT kind of experience we don't need anymore of. Bring on Sarah Palin. I wish we could replace every member of congress with common sense folks like Sarah Palin. THAT is change I can believe in. I am sick to DEATH of Washington Politics as usual.
As to Dodd and Frank...I hear that! Not willing to accept one iota of the blame when they should have all of it. And where is the mainstream media? Out to lunch? Can you imagine what will happen to this country if Obama is elected, with a Democrat majority and mainstream media cover? What is WRONG with people? Hellooo. Sigh.
errr...$2.1 billion committment....
Why can I not type?
The deficit is coming down. It is down by 18 billion just recently
how do you know no one has anyone serving over there. You have no way of knowing that.
It took spending 1-1/2 BILLION dollars a month...sm
over years on the war in Iraq to get us to this point, borrowing from other countries, the highest deficit ever, printing money by the government with no gold behind it to drive the value of our dollar down around the world. Nothing to do with the democrats. When Bush became president we had a huge surplus. Did you forget that?
Remember the $150 billion in TARP "sweeteners"
That one was sorta like a bribe to get pubs onboard. This bill rider is a bit different, maybe a tad more understandable but nonetheless, pretty hard to swallow, given the circumstances. Apparently, whereas Congress gets an automatic COLA raise, judges' raises have to be subjected to vote. In 6 of the last 13 years, judges were denied COLA raises (leaving their salaries stagnated at a mere $169,300 annually). This particular measure was the only remaining unresolved issue remaining on this lame duck congressional session. They will be getting 2.3% raise, if it passes. Here's a link:
http://news.yahoo.com/s/ap/20081210/ap_on_go_co/judicial_pay_raise
Keating 5 cost taxpayers $125 billion.
x
Fannie/Freddie going to cost 7 billion...
if we are lucky.
Yeah.Like it's hard to live with $12 Billion
8600 earmarks = 6 BILLION DOLLARS!
to that line by line lie Obama told when he wanted to be elected? He hasn't looked at one page, let one line by line...... thanks to all who put such a thug and liar in office!
Just read today that the deficit is projected to go down to 313 billion very soon. sm
That's well over 100 billion less, but I know how hard it is to shape the words of appreciation for Hitler Nazi war criminal Bush, so the rest of us will just celebrate.
Unemployed? Government will give you $1 BILLION to fix Iraq
http://www.fedgrants.gov/Applicants/AID/OM/BAG/RFA&%23032%3B267-06-001/Grant.html
IRAQ: Strategic City Stabilization Initiative (SCSI)
General Information
Document Type: |
Grants Notice |
Funding Opportunity Number: |
RFA 267-06-001 |
Posted Date: |
Nov 30, 2005 |
Original Due Date for Applications: |
Jan 31, 2006 |
| The Request for Application will be issued after December 16, 2005 |
Current Due Date for Applications: |
Jan 31, 2006 |
| The Request for Application will be issued after December 16, 2005 |
Archive Date: |
Mar 02, 2006 |
Funding Instrument Type: |
Cooperative Agreement
|
Category of Funding Activity: |
Regional Development
|
Expected Number of Awards: |
Not Available. |
Estimated Total Program Funding: |
$1,020,000,000.00 |
Award Ceiling: |
$1,320,000,000.00 |
Award Floor: |
$1,020,000,000.00 |
CFDA Number: |
98.001 -- USAID Foreign Assistance for Programs Overseas
|
Cost Sharing or Matching Requirement: |
No |
Eligible Applicants
- Unrestricted (i.e., open to any type of entity above), subject to any clarification in text field entitled Additional Information on Eligibility
Agency Name
- Agency for International Development, Overseas Missions, Iraq (CPA) USAID-Baghdad
Description
- The United States Agency for International Development is seeking applications for an Assistance Agreement from qualified sources to design and implement a social and economic stabilization program impacting ten Strategic Cities, identified by the United States Government as critical to the defeat of the Insurgency in Iraq. The number of Strategic Cities may expand or contract over time. USAID plans to provide approximately $1,020,000,000 over two years to meet the objectives of the Program. An additional option year may be considered amounting to $300 million at the discretion of USAID. Funds are not yet available for this program.
Link to Full Announcement
- IRAQ: Strategic City Stabilization Initiative (SCSI)
If you have difficulty accessing the full announcement electronically, please contact:
- Feurtado, Yvette, Contracting Officer, Phone 962-6-590-6477, Fax 962-6-590-6333, Email yfeurtado@usaid.gov Feurtado, Yvette
You may return to Grants Opportunities at:
[Home] [SEARCH synopses]
Miss Wasilla please chill, a 30-billion pipeline is not God's Will! nm
1
Figure 2 billion a week for 5, going on 6, years on an illadvised war,
700 billion a year on foreign oil, robberbarons in Iraq, Blackwater, Halliburton, on and on and on. That's where your money went, folks. And the average man will have to fend for himself for the necessities of life; food, clothing, shelter, life itself. This is the mess we are in, and we can only blame ourselves for not speaking out. We had a gov't at one time that was for the people, by the people. It's gone, folks, and we let it slip away.
Bush inherited a 559 billion surplus nuff said? NM
x
Bush inherited a 559 billion surplus nuff said? NM
x
George Soros is having "a very good recession". Made $2.9 billion.
So, this "man of the people" who funds the loony left and wants all the rest of us to be communists rakes in $billions from the recession. He's out there picking up stuff at bargain-basement prices just like JP Morgan and his kind did.
Disgusting.
That's good. Lets all stand up and applaud Bush & Co. for decreasing the 427 billion
dollar projected budget to 333 billion (which they are attributing to a tighter budget and more tax revenue).
Going from a surplus to a 333 billion dollar deficit, not to shabby, eh?
and steal another 700 billion! Be afraid, be very afraid. nm
xx
Plan B.
I can't imagine Bush releasing funds intended for the banks and insurance companies to be released to the auto industry without imposing more stringent conditions on the UAW workers than the republican caucus and parochial southern senators have already tried to enact. Gettelfinger stands behind his "bankruptcy is not an option" statement. If Bush does not step forward, looks like liquidation could be just around the corner. JMHO.
bad plan
I do believe our senators need to go focus on this crisis, but, a few hours spared for a debate is not a waste of time. The election is close and people need to hear what both of the candidates have to say.
More on O's plan for
What I had in mind was his proposal to eliminate capital gains taxes for start-up and small businesses, the making work pay tax credit to help reduce the double taxation paid by self-employed (that "special" self-employment tax you pay if you are an IC) and the proposed $250 million annual investment in the National Network of Business Incubators designed to increase the number and size of small businesses.
Here's part of the answer to the earlier question about small businesses and health insurance cost/fine. He proposes a Small Business Health Tax Credit program of up to 50% of the premiums they pay for health care benefits for their employees. If you want to read more, here's the link:
http://www.barackobama.com/pdf/SmallBusinessFINAL.pdf
Under O's plan, you will keep more of it.
x
That's not a bad plan
But the article itself says that France does not have socialized medicine - it's something completely different, especially with the lowered malpractice insurance and the tuition-free universities. I don't see that anything like that would be set up in the US, do you? It's not a bad idea, though. Definitley something to think about.
LOL. I like that plan.
.
God has a plan for everything
His main objective is that none of us die but, as loving as He is, He gives us choices. Many of us will make the wrong choice and die for it.
health plan
I have an idea, why doesnt Bush stop waging immoral wars and use our tax dollars for something constructive and life saving, like health coverage for those who die each year without it? You know why I would love a universal health plan? Because I care about my brother and sister and I care about making every Americans life better. Of course, you conservatives care about no one but yourselves. You make a few bucks, buy a home in a gated community, take the other streets so you dont pass the ghetto..and yet you claim you are christian..that is the most hypocritical statement of all. Do you not realize if Jesus walked this earth today, he would be a liberal democrat, helping the poor, the starving, the sick, the homeless, accepting all. Im so glad Im a liberal democrat. I dont think I could look at myself in the mirror or get a good nights sleep knowing my ideology is actually harming America, not helping it one bit.
Obama's plan
I assume you watched both conventions????? I watched the Dems and now I'm watching the Pubs. I am an INDEPENDENT. I would support Obama were it not for my research of the church he has been associated with for 20 years. This church, in my humble opinion, belongs to an extreme, radical, racist group. We don't need that in the White House. With the exception of illegal immigration, he pretty much addressed all the things that I feel are important to the future of my children and grandchildren and were it not for his affiliation with his chosen church, I would probably vote for him. . At least he had the good sense to select a person as his running mate who actually might be "ready on day one" to lead this country.
Secondly, again in my humble opinion, McCain has a few screws loose rattling around upstairs. He answers every question, even about how many houses he owns, with something like, "well, the longest time I spent anywhere was when I was a POW." Other than that it has been all about bashing Obama and his not having "experience." Then look what he did. Picked a little-known female who has been abroad exactly once and tries to pass her off as "experienced." Truth: She is a female and her state is the second largest producer of oil. Bush governed the biggest oil producing state. Enjoying those prices at the pumps? To this point all the pub speakers have pushed McCain's war record. What????? Do we need more war? I think a peacemaker would be better.
Now, before anyone pounces on me, I support NEITHER of these candidates and NEITHER will receive my vote. Either way, the middle class Americans, to which I expect most MTs belong, lose. Our government will change when and if the majority of Americans quit using their heads as a hatrack for the Democrat and Republican parties, kick them out and bring back government "of the people, by the people and for the people." Won't happen this time but maybe next time won't be too late.
OK. Let's rephrase. How does JM's new plan
x
Obama's tax plan
First of all, let me say I was undecided on this election until yesterday. Obama's tax plan scares me to death. I heard him on an interview yesterday, and he said that the top 5% of the country could *afford to help out those less fortunate to us*, meaning those that make above $200,000. He also said that someone making under $45,000 would *probably* not have to pay income taxes, because all the tax revenue would be generated from the top 5% of the country, again, who could *afford* to help out his fellow man.
So, here's my question. If I work my BUTT off making a great living for my family, who the heck is he to say I have to share it? My husband and I put ourselves through school to get a good education for ourselves, searched for good jobs, worked more than one sometimes, and enjoy or standard of living, because we worked hard for it and EARNED it. How dare he suggest that I have to share that with ANYONE, just because they dont' have as much. We give to quite a few neighborhood organizations and national charities, we do not keep every penny for ourselves.
If he does get elected and puts this new plan in place, why would people work hard to make a good living if quite a bit chunk of it is going to be taken away? Why not just sit back, work as little as you want, stay under that $40,000 radar, not pay income taxes, and have the government give you some other *rich* guy's money because you don't have as much?
This really made my mind up for me. It's time this county taught some personal responsibility and accountability, and I do not think he is the one for the job!
if you plan on voting
you will need to keep things like OBAMA and OSAMA straight. The political system was based on the assumption that voters would know the difference between a tall black man running for president and a tall man in a sheet running for cover. Study up. Only a few more weeks . . . I'm betting you can do it.
Do either of the candidates have a plan
for this financial crisis that does not involve the taxpayers bailing out the US?
So how would this plan affect you?
If it doesn't apply to you, then nothing about your mortgage would change. How is that unfair to you? Would it be more fair to charge the taxpayers, including you, whether in you're arrears or not or owning a mortgage or not, the $700 billion dollars?
I don't get what about this is upsetting to you. You already have a better rate and your credit must be great. Any resolution to this problem should not result in someone making out better than before the problem started.
You are correct about his plan not being...sm
socialized medicine. I don't think the majority of people have insurance through their employers anymore. If you don't you will be insured based on what you can afford to pay, and you will keep your own doctor. Vermont already has such a plan and it works great.
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