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McCain Flub? Republican Says He'd Fire SEC Chair as President
ABC News' David Wright reports: At a joint rally in Cedar Rapids, Iowa, Thursday, Republican John McCain slammed the Security and Exchange Commission (SEC) for being "asleep," saying that if he were president, he would fire Chris Cox, the chairman of the SEC since 2005 and a former Republican congressman.
McCain said the SEC has allowed trading practices, such as short selling, to stay in place, that turned the "markets into a casino."
"The regulators were asleep, my friends," McCain said. "The chairman of the SEC serves at the appointment of the president, and in my view, has betrayed the public trust. If I were president today, I would fire him."
But while the president nominates and the Senate confirms the SEC chair, a commissioner of an independent regulatory commission cannot be removed by the president.
From time to time, presidents have attempted to remove commissioners who have proven "uncooperative." However, the courts have generally upheld the independence of commissioners. In 1935, President Franklin Delano Roosevelt fired a member of the Federal Trade Commission, and the Supreme Court ruled the president acted unconstitutionally.
Asked how McCain would fire Cox if the president does not have the formal power to fire the chairman of the Securities and Exchange Commission, the McCain campaign pointed to former SEC Chairman Harvey Pitt, who resigned in 2002 when it was made clear to him that he had lost the confidence of the Bush administration.
"Not only is there historical precedent for SEC chairs to be removed, the president of the United States always reserves the right to request the resignation of an appointee, and maintain the customary expectation that it will be delivered," said McCain spokesperson Tucker Bounds.
SEC Chair Chris Cox released a statement Thursday in which he disagreed with McCain that he should be fired, and defended the regulatory agency he heads.
“While I have great respect for Sen. McCain, we have sometimes disagreed, and this is one such occasion," Cox said in a statement. "The SEC has made plain that we have zero tolerance for naked short selling. In this market crisis, the men and women of the SEC have responded valiantly, as they always do –- with the utmost dedication and professionalism."
The White House said this week it wants to stay out of politics, but a Bush administration spokesperson said today of SEC Chairman Cox, who was nominated by President George W. Bush, "The chairman has the president's support."
Campaigning together in Iowa today, McCain and Gov. Sarah Palin accused the Obama campaign of taking political advantage of the recent economic crisis.
"My opponent sees an economic crisis as a political opportunity instead of an opportunity to lead," McCain said.
Palin said, of Obama, “He likes to point the finger of blame, but does he ever lift a finger to help?”
McCain accused Obama of taking more campaign contributions from Fannie Mae and Freddie Mac executives than anyone, aside from the chair of the congressional committee that regulates the lenders.
“While Sen. Obama was lining his pockets with campaign contributors, he didn’t lift a finger,” said McCain, who took credit for warning Congress of the impending crisis two years ago. McCain also noted that the former head of Obama’s vice presidential search committee, Jim Johnson, was formerly a Fannie Mae executive.
The Obama campaign says that, when talk show host Sean Hannity asked Palin last night whether there should be an investigation of campaign contributions by Fannie and Freddie executives, she deferred, saying, “that’s significant, but even more significant is the role that lobbyists play in this.”
Obama campaign staffers note that several of McCain’s top advisors –- including campaign manager Rick Davis, vice presidential vetter Arthur Culvahouse, and McCain consigliere Charlie Black -– lobbied on behalf of the mortgage giants.
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__________________
Here's to the Army and Navy and the battles they have won; here's to America's colors, the colors that never run. May the wings of liberty never lose a feather. ....
He can't fire him, only pressure to resign. But that won't make a lick of difference.
I do think the republicans have latched on to something here, something the Obama campaign better grasp really quick, IMO...Obama is spending considerable amount of time trying to tie the policies of Bush to Mac and shift blame for the system onto McCain, but he really needs to outline his own policy instead. Far too many quotes I've heard from b-Rock have been of the "mcsame" nature and the "failed policy of the Bush admin" nature. Where I fell in love with Obama was him providing his own perspective and solutions to things. Many of the "policies of the Bush admin" came about because both parties agreed, or there weren't any watchdogs in congress. I really hate when things foul up the other party blames the other party for the problem, when in reality, it came about because of bad management of BOTH parties in power. THEY make the rules, they enforce (or don't, more often) them, they are guiding our policy. Bush isn't sitting on high, putting his plans into action with no oversight. That falls to the congress, of which Obama is a part. How he wants us to get out of where we are and where he wants us to be is INFINITELY more important to me than who gets the blame.
As Ron Paul said in one of the debates, "we are wasting our time here arguing about who said what when." (paraphrased). Dead on. Things don't happen in a Dem or Rep vacuum. They happen as to how these people get along, trade favors and agree on crap that most often hurts more than helps.
Mac's campaign has already grabbed taught onto this and is saying things to the effect of "what does Obama propose? He says it's our failed policy, but how does he suggest to change that? Where are his ideas?" He's playing into that by playing partisan fingerpointing and not putting forth the ideas that HE ACTUALLY HAS. His strength is that his mantra of change actually HAS actual change ideas behind it, ones that may or may not work but they are ideas for change. He's getting slowly but surely drawn into the "but his party sucks" mentality of politics instead of the "here's how we fix our problems" attitude that helped rocket him into the nomination. He is the real deal, IMO. But recently, I've been disappointed that he isn't reflecting who HE is, and instead trying to paint McCain as who Bush is. I don't think it's going to play.
He should be up 15 points, at least. And 20 plus by election. It's tight right now. His strategy is backfiring. He should really go back into saying what he's gonna do, and not what Mac is gonna do...especially since Mac has NO CLUE what he's gonna do. But if Obama doesn't ditch the rhetoric, we may find out what Mac will do--and it has a very good chance of sucking.
Besides, asking Mac about the economy or the Constitution is akin to asking a midget what it feels like to dunk over yao ming.
__________________
I'm the anti-TNT. I don't do drama.
He can't fire him, only pressure to resign. But that won't make a lick of difference.
I do think the republicans have latched on to something here, something the Obama campaign better grasp really quick, IMO...Obama is spending considerable amount of time trying to tie the policies of Bush to Mac and shift blame for the system onto McCain, but he really needs to outline his own policy instead. Far too many quotes I've heard from b-Rock have been of the "mcsame" nature and the "failed policy of the Bush admin" nature. Where I fell in love with Obama was him providing his own perspective and solutions to things. Many of the "policies of the Bush admin" came about because both parties agreed, or there weren't any watchdogs in congress. I really hate when things foul up the other party blames the other party for the problem, when in reality, it came about because of bad management of BOTH parties in power. THEY make the rules, they enforce (or don't, more often) them, they are guiding our policy. Bush isn't sitting on high, putting his plans into action with no oversight. That falls to the congress, of which Obama is a part. How he wants us to get out of where we are and where he wants us to be is INFINITELY more important to me than who gets the blame.
As Ron Paul said in one of the debates, "we are wasting our time here arguing about who said what when." (paraphrased). Dead on. Things don't happen in a Dem or Rep vacuum. They happen as to how these people get along, trade favors and agree on crap that most often hurts more than helps.
Mac's campaign has already grabbed taught onto this and is saying things to the effect of "what does Obama propose? He says it's our failed policy, but how does he suggest to change that? Where are his ideas?" He's playing into that by playing partisan fingerpointing and not putting forth the ideas that HE ACTUALLY HAS. His strength is that his mantra of change actually HAS actual change ideas behind it, ones that may or may not work but they are ideas for change. He's getting slowly but surely drawn into the "but his party sucks" mentality of politics instead of the "here's how we fix our problems" attitude that helped rocket him into the nomination. He is the real deal, IMO. But recently, I've been disappointed that he isn't reflecting who HE is, and instead trying to paint McCain as who Bush is. I don't think it's going to play.
He should be up 15 points, at least. And 20 plus by election. It's tight right now. His strategy is backfiring. He should really go back into saying what he's gonna do, and not what Mac is gonna do...especially since Mac has NO CLUE what he's gonna do. But if Obama doesn't ditch the rhetoric, we may find out what Mac will do--and it has a very good chance of sucking.
Besides, asking Mac about the economy or the Constitution is akin to asking a midget what it feels like to dunk over yao ming.
you know I agree. I thought that was one of the things obama had going for him before. I haven't been hearing anything about issues lately....mostly just both sides talking about each other. I thought the republican convention was terrible. I didn't hear much of anything on the issues being felt in our country from the major republican speakers. drill baby drill that was about it.
you know I agree. I thought that was one of the things obama had going for him before. I haven't been hearing anything about issues lately....mostly just both sides talking about each other. I thought the republican convention was terrible. I didn't hear much of anything on the issues being felt in our country from the major republican speakers. drill baby drill that was about it.
Other than Obama, I didn't hear much other than bush is bad at the DNC, either.
I sure as hell hope that speech by Barack isn't destined to become the last best outline of his ideals.
It was a great speech. Palin hit the scene and it seems that the democrats have been in a scramble since.
FFS everyone, McCain is a severely flawed POTUS candidate. And Obama has the ideas to defeat him. It's ok to attack him, no doubt...but don't be petty. Don't forget why people WANT to vote for you in the first place.
Plus, I seriously doubt polling right now because I fear latent racism is going to taint the polling results, and some (who knows how many) will feel the twinge when they put their final statement in. Sad to say, but I really feel it is true. Somewhere, in the deep, dark, back of my mind I wonder if this was the Palin strategy (woman vs. black man at the final call of America's vote).
Go ahead, hammer me for it. I expect it.
__________________
I'm the anti-TNT. I don't do drama.
I also think people think I'm monster-pro-Palin. I'm not. She's got a lot of learnin' to do. But I prefer her to Mccain. She's the spark that the rep party needs. I simply hate the savage "any misstep is death and she's horrid and what a anti-woman hooch and blah blah blah" stuff going on there.
Obama got his, a bunch of garbage slung his way. For some reason though, I really dislike it at her. male protection pride?? Maybe. But mixed with partisan politics it bugs. Just like I hate the racial overtones of many of Obama's detractors' hatred.
Maybe because she reminds me of the Ketchikan girlfriend I had at 16, or the Canadian girl's exact voice I love to death from a couple of years ago (not in that way, happily married) that she reminds me of, or maybe that I love her girls' names (not the boys'). But I just hate to see people who are drug over the coals for every single awkwardly worded phrase when McCain, the POTUS nom, can misstate the borders of ME countries, or other such crap and not get even a passing glance. For example, look how many pages we have on "troopergate..blah" and how many topics/posts are put up on McCain's Keating issues, or his anger, and all the other crap and the attention to that. HE is the guy who will guide policy, not her. HE is. And nobody REALLY knows what he believes or will do. His policy statements are vague and his platform is just as vague. But no, all Palin, all the time. It plays into the hands of his party.
__________________
I'm the anti-TNT. I don't do drama.
Last edited by Donald; September 19th, 2008 at 12:38 AM.
I often wonder why people feel the need to explain themselves when it comes to these topics.. Its not like anyone is changing others minds.. The folks that make these threads on a constant basis in order to prove their point only make enemies.. One of the reasons Ive quit posting rap songs.. No one cares.. They have a preconcieved notion that will dictate their lives.. If they dont care, they dont care.. They are hard headed and unable to look at something else.. Both sides, both ways.. No one is innocent of this.. Just people stuck in their ways.. Thanks for helping America..
__________________ I'm your favorite poster's, favorite poster
Defending the crown is harder than chasing it
I often wonder why people feel the need to explain themselves when it comes to these topics.. Its not like anyone is changing others minds.. The folks that make these threads on a constant basis in order to prove their point only make enemies.. One of the reasons Ive quit posting rap songs.. No one cares.. They have a preconcieved notion that will dictate their lives.. If they dont care, they dont care.. They are hard headed and unable to look at something else.. Both sides, both ways.. No one is innocent of this.. Just people stuck in their ways.. Thanks for helping America..
Is this a "we're all stuck in this morass" or are you doing something to make it better?
He can't fire him, only pressure to resign. But that won't make a lick of difference.
I do think the republicans have latched on to something here, something the Obama campaign better grasp really quick, IMO...Obama is spending considerable amount of time trying to tie the policies of Bush to Mac and shift blame for the system onto McCain, but he really needs to outline his own policy instead. Far too many quotes I've heard from b-Rock have been of the "mcsame" nature and the "failed policy of the Bush admin" nature. Where I fell in love with Obama was him providing his own perspective and solutions to things. Many of the "policies of the Bush admin" came about because both parties agreed, or there weren't any watchdogs in congress. I really hate when things foul up the other party blames the other party for the problem, when in reality, it came about because of bad management of BOTH parties in power. THEY make the rules, they enforce (or don't, more often) them, they are guiding our policy. Bush isn't sitting on high, putting his plans into action with no oversight. That falls to the congress, of which Obama is a part. How he wants us to get out of where we are and where he wants us to be is INFINITELY more important to me than who gets the blame.
As Ron Paul said in one of the debates, "we are wasting our time here arguing about who said what when." (paraphrased). Dead on. Things don't happen in a Dem or Rep vacuum. They happen as to how these people get along, trade favors and agree on crap that most often hurts more than helps.
Mac's campaign has already grabbed taught onto this and is saying things to the effect of "what does Obama propose? He says it's our failed policy, but how does he suggest to change that? Where are his ideas?" He's playing into that by playing partisan fingerpointing and not putting forth the ideas that HE ACTUALLY HAS. His strength is that his mantra of change actually HAS actual change ideas behind it, ones that may or may not work but they are ideas for change. He's getting slowly but surely drawn into the "but his party sucks" mentality of politics instead of the "here's how we fix our problems" attitude that helped rocket him into the nomination. He is the real deal, IMO. But recently, I've been disappointed that he isn't reflecting who HE is, and instead trying to paint McCain as who Bush is. I don't think it's going to play.
He should be up 15 points, at least. And 20 plus by election. It's tight right now. His strategy is backfiring. He should really go back into saying what he's gonna do, and not what Mac is gonna do...especially since Mac has NO CLUE what he's gonna do. But if Obama doesn't ditch the rhetoric, we may find out what Mac will do--and it has a very good chance of sucking.
Besides, asking Mac about the economy or the Constitution is akin to asking a midget what it feels like to dunk over yao ming.
Yeah.... I guess what Obama's doing is all wrong.... that's why he's done an almost 10 point turn around in the last 10 days or so.
The reasons this is even close are not simple and in some cases not pretty. The fact is, Obama appears to be stronger when he's in attack mode than when he's politely explaining his policies. What he proposes is clearly on the record and easy to find, and for those who are really interested in the issues, they hear and/or can find Obama's views easily, which is contrasted by McCain's inability to articulate much of anything.
I think we're going to see Obama/Biden keep doing pretty much what they are doing right now: strong attack stuff with semi-regular references to their policy proposals. It's working.
__________________
Here's to the Army and Navy and the battles they have won; here's to America's colors, the colors that never run. May the wings of liberty never lose a feather. ....
Besides, asking Mac about the economy or the Constitution is akin to asking a midget what it feels like to dunk over yao ming.
5/5
__________________
People of Mars, you say we are brutes and savages. But let me tell you one thing: if I could get loose from this cage you have me in, I would tear you guys a new Martian ***hole. You say we are violent and barbaric, but has any one of you come up to my cage and extended his hand? Because, if he did, I would jerk it off and eat it right in front of him. “Mmm, that’s good Martian,” I would say. - Jack Handey
The measure of one's individual liberty is proportionate to their acceptance of personal responsibility. Without the latter the former will cease to exist.
Yeah.... I guess what Obama's doing is all wrong.... that's why he's done an almost 10 point turn around in the last 10 days or so.
The reasons this is even close are not simple and in some cases not pretty. The fact is, Obama appears to be stronger when he's in attack mode than when he's politely explaining his policies. What he proposes is clearly on the record and easy to find, and for those who are really interested in the issues, they hear and/or can find Obama's views easily, which is contrasted by McCain's inability to articulate much of anything.
I think we're going to see Obama/Biden keep doing pretty much what they are doing right now: strong attack stuff with semi-regular references to their policy proposals. It's working.
The reason he's done a ten point turnaround is because the Palin and convention bounce has faded, as it always does.
The reasons why he isn't up 15-20 points regardless are perplexing. Come on, the dude slayed hillary effing clinton...he can't be neck and neck with John effing McCain. he just can't. The guy has no freaking policy, at all. Obama does.
__________________
I'm the anti-TNT. I don't do drama.
The reason he's done a ten point turnaround is because the Palin and convention bounce has faded, as it always does.
The reasons why he isn't up 15-20 points regardless are perplexing. Come on, the dude slayed hillary effing clinton...he can't be neck and neck with John effing McCain. he just can't. The guy has no freaking policy, at all. Obama does.
Realistically, Obama's gain is partly do to the bounce effect dying out, but the rest is clearly due to his change in campaign tactics. I believe it is inarguable that McCain et al are excellent on offense but are really bad on defense. It looks like Obama's tactics are going to continue with this battle plan..... You have to admit, McCain has never looked worse.
And... even though it's a touchy subject and might be considered out of bounds, there IS a loss of some voters solely due to Obama being black (see bumper sticker from other thread). Now we can argue about how much of a hit his numbers take on this (I'd guess as much as 10%), but it is real, measurable and statistically significant.
I'm not "playing the race card" here.... Just stating the obvious....
__________________
Here's to the Army and Navy and the battles they have won; here's to America's colors, the colors that never run. May the wings of liberty never lose a feather. ....
And... even though it's a touchy subject and might be considered out of bounds, there IS a loss of some voters solely due to Obama being black (see bumper sticker from other thread). Now we can argue about how much of a hit his numbers take on this (I'd guess as much as 10%), but it is real, measurable and statistically significant.
I'm not "playing the race card" here.... Just stating the obvious....
I don't doubt that there is a portion of the population that won't vote for Obama. But how is it measurable? And, how many of those people would have voted Democrat anyways?
I don't think he's taking a 10% hit because of the color of his skin.
__________________ America cannot have an empire abroad and a Republic at home.
Honestly, the worst I've ever seen McCain was when Ron Paul asked him about the President’s Working Group on Financial Markets in one of the debates. McCain fumbled around, flipped, flopped and started naming people he'd rely on for economic information in his administration. He looked 100% lost, and his rambling answer showed clearly he had absolutely no clue on economics in general or what the working group was. You think Palin struggled with the Bush doctrine? McCain was off the map. But that was only the thrust of the knife. Paul twisted it after the debates when he casually mentioned that the people McCain was rambling off were members of the working group in the first place.
To me, that is the epitome of attacking. Take your opponents weakness, and expose it for all to see. Tit for tat political rhetoric is not the same thing.
McCain is absolutely clueless on the economy; comparing him to Bush isn't going to get that across...at all. Hopefully it comes out more in the debates, but I really don't like the current strategy.
__________________
I'm the anti-TNT. I don't do drama.
The reason he's done a ten point turnaround is because the Palin and convention bounce has faded, as it always does.
The reasons why he isn't up 15-20 points regardless are perplexing.
he's a black guy in an inherently racist country perpetually scared of change. There's nothing perplexing to me about why he's not way ahead. In fact, I'm still shocked he is where he is.
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Rubarb is what makes my feet look cheese!
