fpb

A faltering campaign?

Oct 09, 2008 06:39

So far, McCain supporters have been greatly disappointed by his performance against Obama. I will, personally, wait and see until the vote, and then decide whether the man who managed to completely defeat the Republican Party establishment practically without any starting means could not find a way around his current opponent. However, there is ( Read more... )

american politics, obama, mccain

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stigandnasty919 October 9 2008, 07:44:30 UTC
I'm not sure anyone has very much to gain from Fannie Mae and Freddie Mac. Republicans point to the government guarantees that supported the companies as the cause of the problems. Democrats will point to the part-privitisation of what had been a quasi-government agency.

When you have an organisation which has two functions - to promote home ownership among the less well-off with a government guarantee against losses, and to attempt to make as much profit as possible then there is an excuse to run unsustainable levels of Credit Risk.

FMx2 should have been either agencies running government programs or private companies. Either would have done, the compromise which rewarded profit but guaranteed against risk was where the maddness lay.

I wonder if the McCain camp strategy, of 'hounding' Obama's past is more to shore up the vote of the solid Republican voter than to gain floating voters. There is a danger that if the race looks to be over, there will be a lower turnout of Republican voters, impacting not only on the presidential race but on seats in Congress as well. By demonising Obama that vote would be protected....

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fpb October 9 2008, 07:53:53 UTC
I meant specifically the roles of the two Senators. McCain is clean on Freddie and Fanny, Obama is not.

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stigandnasty919 October 9 2008, 08:22:30 UTC
On donations, I think that is quite true.

I find myself caring very little about this election. Less so than previous American elections. Part of that is that the difference between the parties is less than usual. McCain is probably the most acceptable Republican to a woolly liberals like myself and Obama is, in my view at least, more style than substance.

Unlike yourself, however, I am disturbed about Palin.

I did ask myself if I ought to be concerned at the American election, it is a foreign country after all, what right do I have to comment - but what happens in America does impact on the rest of the world in direct ways.

The impact on Northern Ireland has been fairly major in the past - for good and for bad and the financial crisis had its beginnings in the USA.

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