Just as the press was going into open revolt over loss of access on the Straight Talk Express (see my previous post), McCain appeared deus ex machina for a news conference. Not a lot was said, but we are just three days before the first one-on-one presidential debate and he will be looking for some decent reviews.
Earlier yesterday McCain was busy lowering expectations by praising Obama. "He's very, very good," he told some volunteers. "He was able to beat Senator Hillary Clinton, who as we all know is very accomplished - very accomplished. So, these are going to be tough debates."
McCain is not going to debate "boot camp" to prep for the big event, he is doing it on the hoof and will be at Ole Miss (the University of Mississippi) in Oxford where the debate is being held on Friday night by Thursday afternoon.
The 1992 Presidential Debates with Ross Perot were not dull. His warnings have now come true. Replace John McCain with Ron Paul. Add Ralph Nader and Cynthia McKinney. Barack Obama must earn his victory, not win by default.
Posted by: True Debates | 26 September 2008 at 01:32 PM
NYT Revealed True Cause of Fannie Mae Crisis, In 1999!
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people.
New York Times, September 30th, 1999
McCain, in 2005, helped write legislation to regulate Fannie and Freddie. Liberals wouldn't allow it come to a vote.
Posted by: turkey | 26 September 2008 at 12:43 AM