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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (22988)	9/30/2008 3:19:58 PM
From: pompsander	1 Recommendation Respond to of 25737

"What a pig".. Please, don't talk about lipstick or John McCain will get upset and accuse you of defaming his running mate...

To: longnshort who wrote (22988)	9/30/2008 5:02:41 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 25737

McCain: "Let's not call it a bailout" L.A. Times Blogs latimesblogs.latimes.com The Bush White House is now complaining that the media has unfairly labeled the $700-billion bailout bill as a ... bailout. Sen. John McCain, also chafing at the "b" word, is suggesting, "let's not call it a bailout." McCain on CNN today: "The first thing I'd do is say, ''Let's not call it a bailout,'' McCain said this morning. "Let's call it a rescue. Because it is a rescue of Main Street America..." More from McCain, via the Swamp blog: "We haven't convinced people that this is a rescue effort not just for Wall Street but for Main Street,'' McCain said in an appearance on CNN's American Morning. "All over America, people are going to lose credit. ... We didn't do a good enough job.'' The Bush White House was whining in the same manner yesterday, complaining that critics of the $700-billion Paulson plan had somehow tarnished the bailout bill by labeling it as a "bailout": "It's really unfortunate shorthand for a very complicated issue," said Deputy White House Press Secretary Tony Fratto. "Our critics took the language of a 'bailout for Wall Street,'" he said, and the news media adopted it as the shorthand to describe the administration's aid package. He insisted, at the daily White House news briefing: "It is not a bailout for Wall Street. It is not a bailout for CEOs." Two cents: This is kind of silly. If you take $700 billion in public money and use it to buy nearly worthless toxic securities from overpaid bankers, that, my friends, is a bailout. That's not the same thing as saying it is wrong, or foolish. Perhaps it's necessary. Perhaps it's the only way to avoid financial Armageddon. But it's still accurately described as "a bailout." As always, the comment section is open to those who would like to agree, or disagree. -- Peter Viles