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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 11:36 AM
Original message
Promises....Promises...
John McCain is making a lot of promises. He promises to clean up the mess on Wall Street. He promises to not raise your taxes. He promises to create jobs and a booming economy. He promises a lot, my friends...

But forgive me if I think he is full of bullshit. His main economic adviser, Phil Gramm, is more responsible for our current mess on Wall Street than any other one person. He authored the legislation that most agree is the main reason for this financial meltdown. Another of his economic advisers, John Thain, is the CEO of Merrill Lynch! This is the same Merrill Lynch that was bought out by Bank of America just yesterday! What a gigantic hypocritic liar!

John McCain himself, has always been for lax legislation and a general supporter of de-regulation, which is the cause of this problem. Now he is the great "Reformer"? Forgive me for not believing one word of it.

Beam me up Scotty...
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justiceischeap Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 11:39 AM
Response to Original message
1. Don't forget Carly Fiorina
she was responsible for the market halving HP's value and joblessness.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 11:41 AM
Response to Reply #1
2. And she probably got a golden parachute?
And McCain was just raving about how he was going to change these CEOs getting these golden parachutes. Yeah, right!
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justiceischeap Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 11:42 AM
Response to Reply #2
3. No I don't think she got a parachute of any kind... I could be wrong though
She was pushed out of HP in a rather ruthless manner as I understand it. They could have thrown her out the window and she would have landed softer.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 12:25 PM
Response to Reply #3
4. Here is more on Carly:
THE OUTSOURCER, CARLY FIORINA: As CEO of Hewlett-Packard (HP), Fiorina exploited a corporate loophole to hold more than $14 billion in profits overseas, a loophole that McCain is against closing. She was forced out of HP after a merger with Compaq failed to bring Hewlett the profits that Ms. Fiorina had forecast," resulting in tumbling shares. She is also a defender of outsourcing, which she calls "right-shoring," and has said that "there is no job that is America's God-given right anymore." "It's hard on people, but I don't understand how you pick and choose among the jobs you want to save and protect against and not expect people to do the same to you," she said. While McCain has recently condemned "golden parachutes" -- excessive compensation for exiting CEOs – by saying, "CEOs that led us into this mess are walking away with over $20 million, and we're not going to let that happen as president…They deserve nothing," Fiorina walked away from HP with a $21 million severance package, which, with another $21 million in options, brought her $42 million. In a 2007 interview with Fortune, Fiorina said that “what we ought not to do is regulate or legislate CEO compensation."
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