Informed Comment

Thoughts on the Middle East, History, and Religion

Juan Cole is President of the Global Americana Institute

Tuesday, August 19, 2008

McCain's Mansions and the Real Elitist

BraveNewFilms on McCain's mansions and his elitism.

posted by Juan Cole @ 8/19/2008 11:45:00 AM

6 Comments:

At 1:20 PM, Blogger Unknown said...

Nearly perfect neoliberalism. In an environment of low interest rate, fraudulent activity drives huge profits and drives up pricing that industry knows the economy can't sustain. When it all collapsing, blame it on those lazy-ass, greedy consumers.

 
At 4:09 PM, Anonymous Anonymous said...

I would not consider myself a "McCain" person, and will probably not vote for him for president.
But this video is the type of sound bite that distorts a issue terribly. I feel bad for the women in the video, losing ones house has to be a horrible experience to go through. However, nobody was twisting her arm when she signed the mortgage agreement. If the document did not say how high the interest rate could go, or if she did not ask how high it could go, then shame on her.
I am not rich, but my wife and I feel that all this helping of people who could not bother to read the fine print, or hire someone who could explain it to them, seem to be crying in their beer. Sure a lawyer might have cost $100-200, to advise on this, but would that money been worth it now?
READ WHAT YOU ARE SIGNING, IF YOU DON'T UNDERSTAND IT, ASK QUESTIONS. Most states have a 3-5 day period where you can get out of a mortgage agreement, without penalty. Use that time to understand the ramifications of the document your are signing.

Ken

 
At 8:24 PM, Anonymous Anonymous said...

architectural Digest spread on McCain digs: http://www.architecturaldigest.com/homes/features/archive/mccain_article_072005

 
At 3:27 AM, Anonymous Anonymous said...

"Most of the time the things that benefit a prince harm his city, while the things that benefit the city harm the prince." Machiavelli

 
At 9:57 AM, Anonymous Anonymous said...

This attempt to portray McCain as Marie Antoinette (let them eat cake) just doesn't work. The principle McCain is advocating is personal responsibility. If a lender lowers their lending standards too far they should bear the consquences of their decision, not we the taxpayers. Likewise with borrowers who take on more debt than they can repay. Is the author of this video advocating bailouts?

The author attempts to portray the women as responsible. She and her husband both took on two jobs, and I will give them credit for that, but something doesn't add up. First she says that their interest rate rose to 15.75%, forcing them into foreclose when they could no longer afford the payments. Later, she says their credit was bad because of the foreclosure. If they were paying 15.75% before the foreclosure, then their credit was bad before the foreclosure too. If it wasn't, then they signed onto one bad deal, in which case I agree with Ken. Read it and understand it before you sign it.

Jeff

 
At 6:38 PM, Blogger Unknown said...

John McCain's just one more well-fed, well-housed, well-clothed, well-insured, well-paid neocon whose presidential campaign slogan is "I'm all right, Jack, to hell with you."

 

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