john mccain

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Catching up on news from earlier this week, I’m astounded to read the real reason the US stock market rallied: “The US Taxpayers just lent the Biggest Banks and Hedge Funds in New York $400 Billion in exchange for ‘mark to market valued’ sub prime mortgage securities that are probably nearly worthless (being so far down on the claims chart in a bankruptcy). This is a ’silent bailout’ of the Republican’s biggest contributors that is going to be much more expensive than the S&L Rescue package of the early 90s. At least Bush Sr proposed the S&L bailout in the sunlight. Bush Jr, Paulson and the Fed are doing the bailout without asking our permission. What does ‘pork barrel’ John McCain think of this corporate welfare?”

14 March 2008 by Stilgherrian | No comments

Barack Obama is gaining in the US presidential election race. Since my comment the other day, Centrebet’s odds on Obama winning have narrowed from $3.20 to $2.95, and Hillary Clinton’s have widened from $2.30 to $2.45. John McCain is steady at $5.25. Olive oil, patty, olive oil…

29 January 2008 by Stilgherrian | No comments

When I gave my predictions for 2008, I said Barack Obama would become President of the USA. patty disagreed, and we made a bet. Given that Obama won the South Carolina Primary yesterday, I reckon I’m well on the way to winning. Better warm up that olive oil, patty!

27 January 2008 by Stilgherrian | 3 comments