McCain Urges Bush To Spend $1 Trillion On Bailout -- Without Congressional Approval

I'm not making this up. John McCain today urged the Bush Administration -- on more than one occasion -- to immediately and uniliterally spend $1 trillion buying up home mortgages.

I was watching live when he made the proposal this morning, and it seemed like such a staggeringly insane idea that I assumed he couldn't be serious. He couldn't think that Bush should just spend $1 trillion without asking Congress for permission...could he?

But then I saw his economic adviser try to back the idea up, and then I saw McCain make the proposal again during the NBC Nightly newscast. So he's serious. He really thinks that Bush should just spend $1 trillion without talking to Congress, without seeking approval, without building any sort of consensus -- without getting any protections whatsoever for taxpayers.

Update: Here's video of him making the proposal on three separate occasions Tuesday.

End update.

::: ::: :::

This is the same John McCain who just a couple of days ago was railing on the $1 trillion price tag of the bailout (when it was actually $700 billion).

But just a few days after railing against the unbridled power of government, McCain now seems to envision the presidency as a dictatorship. He now thinks that Bush should just spend $1 trillion without allowing anyone to ask any questions -- and he supports doing it just one day after the House of Representatives voted down a $700 billion bailout.

This won't suprise anyone on the left. The question I have is this: when are conservatives going to wake up and realize that despite all his bluster about being a conservative, the Republican nominee for president has proposed the single largest expenditure in the history of this nation -- and that he's proposed that it be made without the approval of Congress?

Comments

[mp1]

Not surprising the MSM won't be running with this story- they are busy rebuilding McCain (with the rationale that today he made a gaffe-free steady speech). I just hope the Dems pick this up and run with it. Bi-partisanship is all well and good but now McCain has his back up against the wall, the attacks are gonna come thick, fast, and dirty. Pre-emption in this case is warranted. Hold on a minute! Am I endorsing a kind of campaign Bush Doctrine? I'll seek clarification from Sarah Palin and get right back to ya.

[zull2]

He keeps trying to convince people that he's a Teddy Roosevelt Republican, but McCain is just freaking nuts. Teddy Roosevelt was a man of action, but he thought through his actions beforehand and didn't just react to freaking polls. McCain is nothing like Teddy Roosevelt. He's not even as stable as Herbert Hoover. He's freaking up and down and back and forth, a different plan every day...that's called panicking. He's literally running around the country like a chicken with its head cut off, except that he can still hear people cite poll numbers at him.

[CNBCSucks]

My goodness, that is about at the same level of irresponsibility as selecting Sarah Palin as your runningmate.

OK, if any high-ranking Democrats are reading this, you are in danger of walking into a political trap tomorrow night in the Senate. Pardon the sexist Norah O'Donnell vs. Campbell Brown drivel, but I need to get people's attention to what could be a fateful night tomorrow for Obama, the Democrats, and America:

http://cnbcsucks.wordpress.com/2008/10/01/its-official-norah-odonnell-is-hotter-than-campbell-brown/

The bailout is not needed. The credit market functions but at higher interest rates. Yet, these rates are manageable for industry and commerce within the context of historical interest rates.

[bluprojekt]

This is absolutely insane - and there are those who actually believe he is a viable candidate - just how deluded are these people to believe he's a better candidate???

"Now Go Away or I Will Taunt You a Second Time."

[jcrush]

"John you can't be president. You have cancer"

"I do not"

"Yes you do, its right there"

"No it isn't."

"Well what's that then?"

"That's merely a flesh wound"

[nowalnuts]

If you still support McCain at this point nothing he does or could do is going to phase you. He could come over to your house and murder a child but hey, nobama!! The mental recession is alive and well.

[hopefullee]

Finally! I'm glad you picked this up, Jed. This was a horrible thing to call for and I thought the story was going to fly under the radar.