Oops, here’s that link so you can click it
http://www.realclearpolitics.com/articles/2008/09/obama_sidesteps_reform_in_illi.html
When talking about the economy, especially Wall Street, it is interesting to see that today the market rallied over 400 points just on the news that taxpayers will be bailing out corporations yet again. This is corporate socialism. Our tax dollars are being used to bail out companies that used BAD business judgement. They deserve to fail.
I am a registered Independent that is currently leaning toward Obama only because McCain has demonstrated a complete lack of understanding to what is important to middle class Americans. He has run an attack campaign that has provided no real platform of actionable policies that he will promote to help the American middle class.
What concerns me most about McCain is his incredibly arrogant and belligerent attitude. This man appears, in my humble opinion, to be somewhat psychotic in his behavior. A trait that may be desirable in a bomber pilot but is quite lacking for the premier leadership position of this country.
The rest of the world is watching as many of them have invested heavily in our country in an effort to keep it afloat financially. Now they are loosing money and know that they can no longer prop up the US financially now that we are $10 trillion in debt. It is time to start tightening our belts and knuckling down to re-building this country with some tighter financial regulation.
The free market mantra hiding corporate socialism no longer works. I recently did a book review on David
Cay Johnston’s “Free Lunch” that explains just how badly the American taxpayer is getting screwed. I highly recommend reading this work as it explains things in layman terms. Link below:
http://currentera.com/FreeLunch.html
[...] their allies, since those are the people we’re working with and fighting against in the region; supported deregulation for twenty-six years in Congress and then changed his mind when the banks cra…; toured with cameras for Hurricane Gustav and ignored Hurricane Ike; let his friends, surrogates, [...]
This crisis was not caused by a lack of regulation. It was caused by fractional reserve banking policy. Please study this sort of thing, rather than repeat what some pundit or media outlet has fed you.
September 17, 2008 at 12:38 pm
I’ll dance with fire for a minute. I’m glad that, though you disagree with Palin, you haven’t resorted to personal attacks. It seems when one is in one particular party they bash the other pretty hard, especially personally.
I’d say the “fundamentals” of the economy maybe aren’t as “strong” as we’d like but they’re not as weak as some would make it sound. Unemployment, though up, is still not approaching historic highs. The consumer price index is down, interest rates are near all time lows, and the long term prospects are still good. The economy itself is not strong as it relates to the average Joe being able to buy cappucino, and all the bureaucrats, Democrats and Republicans, should be ashamed for their lack of legislative action and pork barrel spending. Isn’t it true that Obama himself asked for $1 Billion. He also hasn’t brought reform to his own state apparently (http://www.realclearpolitics.com/articles/2008/09/obama_sidesteps_reform_in_illi.html). That’s equally bad as Palin asking for money for her state, isn’t it? Still, she did bring documented reform to Alaska, at least some. Yet, where is the outrage?
But take the jobless rate that you mention as soaring. Factually speaking, while it’s increasing some, it is nowhere near as bad as it has been, though certainly it could worsen. For actual numbers and not just “soaring” type phrases, here’s some hard facts on the jobless rate: http://www.bls.gov/web/lauhsthl.htm.
Still, more people are finding themselves without a job, many rates have doubled, but I don’t think you can blame just Bush or even just Republicans. Many are to blame. There are definitely many Democrats who haven’t done much in Congress, including Obama, to right the ship. Where has Congress been on all of this economic stuff? McCain warned of Freddie and Fannie about 2 years ago and still nothing was done in Congress.
The Democrats had a “mandate” last election and nothing has changed. Randel is chief among the elite in Congress and he’s been holding out on America with all of his tax mess. There are certainly Republicans to blame and Bush deserves some too, as do we when we spend way beyond our means.
Still, I respect people for wanting someone, anyone, who will finally do what’s best for America. I think that’s what we’re all waiting for and wanting.
Just my two cents.