McCain lays out bailout principles--principles he's pretty loosey goosey on. Way to take a stand!

[AlCzervik]

McCain Lays Out Bailout Principles
By Robert Barnes
FREELAND, Mich. -- Republican presidential nominee John McCain said today that "inaction is simply not an option" as Congress considers a bailout plan for Wall Street, but more accountability and transparency is needed than is currently in the plan being negotiated.

McCain laid out five principles he said should be included in the $700-billion proposal, but refused to say whether failure to to enact any of them would cause him to oppose the legislation.

"We must pass legislation to address this crisis," McCain said after touring a Dow-Corning plant here. "If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees."

As he has said before, McCain said five principles must be included: greater accountability and independent oversight; a path for taxpayers to recoup the money; transparency in decisions on which companies to help; a cap on the executive pay of those companies that take part and no earmarks in the plan for any specific businesses.

http://voices.washingtonpost.com/the-trail/2008/09/23/mccain_lays_out_bailout_princi.html

[radfringe]

1. he has no principles, and no where to stand

he's just jumping from one side of the fence to the other. I'm just waiting for him to jump, and land on the fence in a manner where he will self-neuter himself

[AlCzervik]

3. i hope Obama brings it up in the debate because you know this be a topic.

[radfringe]

4. unless they change the "subject" the first debate

is on foreign policy

I think the 2nd debate is domestic policy :evilgrin: maybe by then mccain will have a bigger shovel and has dug himself a bigger hole

[AlCzervik]

6. that's true but we've been hearing over and over again how this cluster fuck of greed

on Wall street has had an impact of other countries so i think it should be tied into that first debate.

[stillcool]

2. McCain doesn't stand..

he lays down and rolls over.

[LonelyLRLiberal]

5. I heard both Obama and McLame on the bailout today.

Anyone who heard both of them and then listened to how they answered questions from the reporters would admit Obama has full understanding of the issue. McLame only took a few questions and he couldn't answer any of them intelligibly.