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My thinking on that

by MattyG from MA

Last Post 5 days, 5 hours Ago


Another lobbyist problem for McCain
Sep 20, 2008 | 10:20 PM
Category: Political
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"The financial crisis we're living through today started with the corruption and manipulation of our home mortgage system. At the center of the problem were the lobbyists, politicians, and bureaucrats who succeeded in persuading Congress and the administration to ignore the festering problems at Fannie Mae and Freddie Mac." - John McCain,  9/19/8
 
I agree with that comment from McCain. Ultimately, the way in which lobbyists and politicians interact and how much money flows back and forth between the two is systemic problem we face. I hope the fixes announced this week will stabilize the situation in the short term.
 
In the long term, something else has to happen: We have to fix our campaign finance rules to limit the influence of the lobbyists McCain mentioned and the corporate interests they represent before Congress.
 
The rub for McCain is that his signature legislation on campaign finance reform is a total failure because McCain-Feingold didn't prevent corrupt lobbyists from affecting legislation to the detriment of the country.
 
The Obama campaign should use what is allegedly his strength, campaign finance reform, and turn it to their advantage. After all, it's the Bush/Rove/McCain way.
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Member Comments Total Comments: 4
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FisherCat read my blog view my photos
Sep 20, 2008 | 11:52 PM

psst....Clinton signed this 1999 de-regulation..http://www.cnn.com/ALLPOLITICS/stories/1
999/11/12/banking.reform/index.html
MattyG read my blog
Sep 21, 2008 | 12:23 PM

Clinton did sign it. A GOP Congress approved it. And, McCain's top advisor Gramm was a top Senate supporter. Great.

Those facts have nothing to do what I wrote. I quoted McCain saying the problem was lobbyists infuencing policy. McCain allegedly fixed this in '02. Guess not.
herbdaniels read my blog
Sep 21, 2008 | 7:12 PM

Unfortunately Obama's 2 top advisors previous gigs were CEOs at Fannie Mae and Freddy Mac.....His campaign slogan should be "we have met the enemy and they are us".
FisherCat read my blog view my photos
Sep 22, 2008 | 5:34 AM

GOP Congress? it got by partisan support just like HR- 2500 to COMBAT GLOBAL TERRORISM other go to war with Radical Islam on September 13th 2001 it Widely supported Democrats an Repubs...only Dems want to forget about it...LOL
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MattyG

Amateur liberal pundit

Member Since: 1/16/2008


 

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