2nd Presidential Debate 2008- McCain: $300 billion plan to buy mortgages. Obama: Eliminate dependence on oil in 10 years

Watch my personal reaction:

John McCain announces $300 billion plan to buy mortgages during 2nd Presidential Debate with Barack Obama.

During the much anticipated 2nd presidential debate with Barack Obama, John McCain announced his plan to purchase $300 billion in “Bad Mortgages” using funds from the recently passed $700 billion bailout plan.

Political analysts have recently pointed out that the McCain Campaign is doomed to failure unless the campaign comes up with a “Game Changer during this debate. John McCain pulled back and fired his game changer, and even tried packing his Hail Mary with extra impact by giving select right winged media an overview of his bombshell plan just prior to the debate.

Perhaps giving the media his plan prior to the debate was the equivalent of John McCain shooting himself in the foot. The media researched McCain’s proposal and iht.com reports that Barack Obama made the same proposal in a September 24th news conference

John McCain’s hoped by making the announcement, the American Voter would view him as a hero. The has been substantial voter opposition to the Wall Street Bailout Bill because most American’s feel the bill would not work. Hundreds of the nation’s leading economists as well as two-thirds of congress felt that the bill would not work as well.

So what’s the real deal here? John McCain’s announcement during the debate sheds light on why he suspended his campaign. John Planned to go to Washington and lobby his colleagues to pass the unpopular bailout bill.  McCain’s reasoning was that once the unpopular bill passed he could easily present himself as a hero to the American Voter. He made the announcement at the 2008 2nd Presidential debate to use the funds of the bailout bill to purchase bad mortgages. The fact that he released his plan to the media just prior to the debate shows his sad attempt to make the argument to the American voter he is saving them from greedy Wall Street executives and corrupt Washington Politicians.  Fortunately, for the American People, fact checkers have already discredited McCain’s attempt to take credit for such an idea.

John McCain and Sarah Palin, the American People have a message for you. Joe Six Pack is not as dumb as you think he is. We can see right through your evil little schemes. This crap may have worked 10 years ago, but like your Barack Obama says, your just out of touch. Minutes after your statement millions of people, like my self, hit the internet to get the facts, and well here they are.

The facts about the McCain Plan to use bailout funds to buy bad mortgages:

• Barack Obama already made this suggestion in September 24th news conference
• Secretary of Treasury Paulson already made the same suggestion on Sept. 19th
• Democrats in congress requested the same measures be inked into the bailout bill during negotiations of the $700 billion bailout plan. John McCain spearheaded republican efforts to deny the democrats request for authority to use the funds to directly purchase “bad mortgages” directly from mortgage holders.

Other Lies and Promises of the McCain Campaign

• Nuclear Power is not an answer to our energy crisis. I live within miles of a nuclear power plant that the citizen’s will not allow to continue to operate once its thirty year contract expires. No one wants a nuclear power plant in their back yard. No one wants their neighborhood to be a Three Mile Island or another Chernobyl.
• Even if allowed, a nuclear power plant would take until 2040 to construct. We need an immediate solution, not a plan that kicks the can down the road and is likely to get reversed by future politicians.
• Drill, Baby, Drill. Another example of kicking the can down the road. The fastest that oil exploration could produce a single drop of oil is 10 years down the road. I say could because their is not guarantee that a single drop will be produced.
• The US only contains 3% of the world’s oil reserves. That means, if we tapped every once of oil in our country it would only amount to 3% of the worlds oil. We consume 25% of the world’s oil.
• !0 years down the road would mean the McCain would no longer be president. Instead of kicking the can down the road, like John McCain and so many other cronies, Barack Obama made a profound statement tonight. Equivocating his statement to JFK’s promise that we would put a man on the moon in 10 Years, Barack Obama promised, “Within 10 years, we will eliminate this countries dependence on foreign oil”. Now that’s what I want to hear. A real promise, a real plan, not another crooked politician kicking the can down the road.

John McCain, who’s eyes do you think you are pulling the wool over? Gosh Darn, Joe Six Pack’s eyes I suppose. But Joe Six Pack, yep that’s right, your average American alcoholic still knows how to use the internet.

In the debate, John McCain said “This isn’t George Bush’s plan. This isn’t Senator Obama’s plan. This is my plan”. John McCain, your a liar. The Bush administration suggested this plan, as did Barack Obama, as did the democratic congress.

You just out of touch. You manipulative lies and fear-mongering are quickly dispelled in this age of information, your techniques will not work. You are not a hero. You just tried using the financial crisis to manipulate the American voter but you have failed.

If you are going to present a “Game Changer”, make sure its real. Not some manipulative scheme your Rovian campaign has conjured up.