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

[Lupin77]

This doesn't surprise me. He's looking for money for his favorite thing - gambling casinos as he's a big time gambler in Las Vegas and looks out to help them. It's no wonder that Trump thinks so highly of him because of the gambling casino links

[idontknowanything]

He wants to play craps with the US economy.

[mdmpo]

I hope this gets picked up in a commercial.

[AngryCenter]

I hope Biden mentions it in the debate.

[rossir]

Splice this with his "if I were a dictator, which I've always aspired to be..." quote to the editorial boar of the Des Moines Register yesterday - ooooo that would be a sweet video!

[Dap]

To say Senator McCain's judgement is askew, is an understatement. His cognitive abilities clearly make Him unqualified to hold the office of the Presidency. Enough said.

[sisililip]

McCain this AM on DesMoinesRegister.com

"if I were dictator, which I always aspire to be."

http://www.desmoinesregister.com/apps/pbcs.dll/section?category=videonetwork

click on video of economic bill failure

[mdmpo]

OMG - he wasn't even joking when he said it.

[sherrzinpa]

my god, this man is really serious too. he didn't even flinch. this is terrifying people WAKE UP get as many people to vote obama as you can!!!!!!!!

[Kassandra]

McCain is "doubly disturbing"

[idontknowanything]

Nice sense of humour John. Just like bomb,bomb Iran.

[RhinoCrossing]

If there is a McCain/Palin administration, get ready to hand over your wallets and your rights, America.

[loax]

Scary, huh? Once again, his attitude is to hell with the people and their desires or needs!

[EllaBee]

yet and still...this is going to be a close race? Wake up people!

[Syco]

That is so american

[khungrit]

Completely unhinged; time for a straightjacket.

[bogey12]

What a "DICTATOR" sort of thing to suggest.

[mommadona]

Congress holds the purse strings - correct?

[knowhelpnow]

Uhm I'm not sure anymore we might have slipped in to dictatorship win I wasn't looking, we have been close for awhile.

[diwdeesmom]

Hmm, the video now "is no longer available". Is this for real? If so, it is unbelievably scary, since I know some folks would vote for this man (or vote for him just because his running mate looks like Barbie) if he said it was a good idea to eat children. There are so many people out there who won't read any reputable news sources, (or couldn't name them if they did), and when there is a voice of reason which speaks against their choice of McCain, place their fingers in their ears and say naah naah naah naah.

[Charles1Goodwin]

It's still there, I just watched it.

[Rog49Thomas]

L'etat c'est moi as the unitary executive crowd likes to say.

[keepemhonest]

um.... where is the MSM on this report?