John McCain puts "country first" and suspends his campaign.
This is the text from Senator McCain he delivered on the Senate floor in regards o the FHERRA. These are two paragraphs that I took from McCain's speech that I want everybody to read very very carefully, and just remember that McCain said all of this three years ago.
John McCain 2006"Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal"
John McCain 2006 "The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac".
I have more to say about how this whole financial mess started and about Franklin Raines later trust me ont that. This is the point I want to make. The Obama cult and their friends in the media want to portray the image that John McCain doesn't know anything about the economy. Obvious McCain understands alot more about the economy then they want to give him credit for. Barack Obama was elected to the U.S Senate in 2004 and was sworn in January of 2005. If Obama is such an expert on the economy, why didn't he help McCain in a "bipartisan" effort to reform and bring oversight to Fannie and Freddie knowing the massive damage those two organizations would cause to the Housing Market and the economy if they were to fail?Just a question I'm throwing out. Obama today stated that he plans to go on with the debate. I never thought Obama could look any more shallow and selfish then before today. It should come as no surprise that the position of a United State Senator is beneath Obama. When he was elected to the U.S Senate he spent a grand total of 143 days or four months and two weeks in the offical role of a U.S Senator before he came to the conclusion that he wanted to run for President. Anybody can give a speech at a German beer festival on a teleprompter but not everybody can be a leader. John McCain hasn't forgotten why he was sent to Washington. He's putting his personal ambitions aside and putting "country first". Obama on the other hand is all about Obama. Obama said today that a leader should be able to "multitask". I may be wrong, but I believe that the financial storm that is facing our country deserves our elected Representatives FULL UNDIVIDED ATTENTION!!! What else do anyone except from a guy so full of himself and so about himself that he created his own Presidential seal for crying out loud. Tell me if this doesn't sound accurate. John McCain 2006 "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole." A leader understands the situtation at hand. Need I say more?