John McCain suspends campain to deal with Economic Problems. All the while Senator Obama’s pulling down almost $300,000 a year from Goldman Sachs, Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac, AIG, Countrywide Financial, and Washington Mutual? He has not even completed his fourth year in the Senate and received a total of $1,093,329.00 from these eight companies and their employees. (all data from OpenSecrets.org).
John McCain warned of this and tried to pass a bill to stop this, it was blocked by the democrats. So, we have to ask ourselves, who really cares about this country? And who really cares about his own financial assets.
If a bill is not passed it could cause the markets could open on Monday with a catastrophic loss if they think the rest of the investment banks will collapse (which is very possible without the bailout). There are only a few left and those have no cash at the moment. If investors panic start selling off stocks to liquidate and get cash en masse, the market could collapse.
What will Obama do? Nothing… He already stated he will continue to campain, and give speeches. What else will obama do? The answer is clear, just take more payoffs from these companies…….