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Restoring and Protecting the Economy
By Barack Obama, Posted by Stephen Fox (about the submitter) Page 2 of 3 page(s)
What we need is honest talk and real solutions. Senator McCain's first answer to this economic crisis was get ready for it a commission. That's Washington-speak for "we'll get back to you later." Folks, we don't need a commission to spend a few years and a lot of taxpayer money to tell us what's going on in our economy. We don't need a commission to tell us gas prices are high or that you can't pay your bills. We don't need a commission to tell us you're losing your jobs. We don't need a commission to study this crisis, we need a President who will solve it and that's the kind of President I intend to be.
Now that this disaster has hit, John McCain is calling for the firing of the Security and Exchange Commissioner. Well here's what I say: In 47 days, you can fire the whole Trickle-Down, On-Your-Own, Look-the-Other-Way crowd in Washington who have led us down this disastrous path.
Let's be clear: what we've seen the last few days is nothing less than the final verdict on an economic philosophy that has completely failed. And I am running for President of the United States because the dreams of the American people must not be endangered any more. It's time to put an end to a broken system in Washington that is breaking the American economy. It's time for change that makes a real difference in your lives.
It was two years ago that I introduced legislation to stop mortgage transactions that promoted fraud, risk or abuse. It was one year ago that I called on our Treasury Secretary and our FED Chairman to bring every stakeholder together and find a solution to the subprime mortgage meltdown before it got worse. In March, when John McCain was saying "I'm always for less regulation," I called for a new, 21st century regulatory framework to restore accountability, transparency, and trust in our financial markets.
The events of the past few days have made clear that we need to do more right now. We do not have time for commissions and we can't afford to lurch back and forth between positions when dealing with an economic crisis, like my opponent has. That is why I am calling on the Treasury and the Federal Reserve to use their emergency authorities to maintain the flow of credit, to support the availability of mortgages, and to ensure that our financial system is well-capitalized. Tomorrow I will be convening a meeting with my top economic advisors to discuss a plan based on the ideas I've been talking about with former Fed Chairman Paul Volcker and other advisors of mine. Then I'll call for the passage of a Homeowner and Financial Support Act that would establish a more stable and permanent solution than the daily improvisations that have characterized policy-making over the last year. Specifically, it would accomplish three primary goals.
First, it will provide capital to the financial system. Second, it will provide liquidity to enable our financial markets to function. And third, it will do what I've been calling for since I supported legislation on it early last spring, which is to get serious about helping struggling families to re-structure their mortgages on more affordable terms so they can stay in their homes. We've made a good start but we need to do much, much more. We cannot forget that there are many homeowners who are in crisis through no fault of their own, and a solution that does not have them at its core is no solution at all.
To jumpstart job creation, I've also proposed a $50 billion Emergency Economic Plan that would save 1 million jobs by rebuilding our infrastructure, repairing our schools, and helping our states and localities avoid damaging budget cuts.
To help people stay in their homes, I will change our bankruptcy laws, and I'll offer a tax credit to struggling families that will take 10% off your mortgage interest rate. I'll institute a Home Score system that will help every consumer figure out whether they'll be able to make their mortgage payments before they buy their house. And I will crack down on predatory lenders, lenders who all too often target Hispanic communities, with tough new penalties that will treat mortgage fraud like the crime that it is.
But the most important thing I will do as President is restore opportunity for all Americans. To get our economy growing, we need to recapture that fundamental American promise. That if you work hard, you can pay the bills. That if you get sick, you won't go bankrupt. That your kids can get a good education, and that we can leave a legacy of greater opportunity to future generations.
That's the change the American people need.
Change means a tax code that doesn't reward the lobbyists who wrote it, but the American workers and small businesses who deserve it. I will stop giving tax breaks to corporations that ship jobs overseas, and I will start giving them to companies that create good jobs right here in America. I will eliminate capital gains taxes for small businesses and start-ups that's how we'll grow our economy and create the high-wage, high-tech jobs of tomorrow.
I will cut taxes cut taxes for 95% of all working families. My opponent doesn't want you to know this, but under my plan, tax rates will actually be less than they were under Ronald Reagan. If you make less than $250,000 a year, you will not see your taxes increase one single dime. In fact, I offer three times the tax relief for middle-class families as Senator McCain does because in an economy like this, the last thing we should do is raise taxes on the middle-class.
I will finally keep the promise of affordable, accessible health care for every single American. I know this is a critical issue in the Hispanic community, where one in three people don't have health insurance. Under my plan, if you have health care, my plan will lower your premiums. If you don't, you'll be able to get the same kind of coverage that members of Congress give themselves. And I will stop insurance companies from discriminating against those who are sick and need care the most
I will create the jobs of the future by transforming our energy economy. We'll tap our natural gas reserves, invest in clean coal technology, and find ways to safely harness nuclear power. I'll help our auto companies re-tool, so that the fuel-efficient cars of the future are built right here in America. I'll make it easier for the American people to afford these new cars. And I'll invest 150 billion dollars over the next decade in affordable, renewable sources of energy wind power and solar power and the next generation of biofuels; an investment that will lead to new industries and five million new jobs that pay well and can't ever be outsourced
And now is the time to finally meet our moral obligation to provide every child a world-class education, because it will take nothing less to compete in the global economy. I refuse to accept that overcrowded, underfunded schools are the best we can do for our kids. I refuse to accept four in ten Hispanic students dropping out of high school. I know we can do better than that. So I'll recruit an army of new teachers, and pay them higher salaries and give them more support. But in exchange, I will ask for higher standards and more accountability. And we will keep our promise to every young American if you commit to serving your community or your country, we will make sure you can afford a college education.
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sorry, but I'm going to have to agree with...
the worse thing you can do during economic hard ships is to raise taxes. what the heck, does anyone follow the FACTS or has everyone been affected by the Obama pixie love dust... it kills brain cells you know. by CW Blanchett (0 articles, 0 quicklinks, 0 diaries, 34 comments) on Friday, Sep 19, 2008 at 7:42:13 AM  (0+)
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Reply: Raising Taxes
Anyone who actually read the article would know that Obama is proposing a reduction in taxes for 95% of all tax payers. Only a demagogue could refer to this as a tax hike, but that is precisely what we are so accustomed to hearing from the mouths of Republicans. In fact, with the enormous increase in the size of government that the Bush administration has been responsible for and the enormous debt that his administration has created by mindlessly throwning money to his rich friends at every opportunity, tax increases will be necessary at some time in the future and the longer these tax increases are put off the larger they will need to be. It is in no way unfair to the wealthiest 5% of the population to recind the massive tax give-aways that the Bush administration has given them over the last eight years. Doing so would go a long way toward bringing the budget back into balance, but the wasteful spending on non-performing no-bid contracts to friends of Bush and Cheney will also just have to stop. Tax increases may have to come in the future, but the first step is to end the give-aways, ignore the fact that Republicans will scream that these are tax increases, and introduce some rational spending policies that this administration has so wontenly abandoned. by PrMaine (15 articles, 16 quicklinks, 3 diaries, 559 comments [38 recommended, 1 rejected]) on Saturday, Sep 20, 2008 at 8:02:51 AM (0+)
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get your facts
the guys that got us into this problem... think democratic congress. think the fannie mae and freddie mac guys, left with almost $200 million in salary (one made $190 mil last year) - yeah, these are Obama's financial advisors today. yippee! we got the guys who screwed up a lot. McCain is correct in saying the core - the american people, workforce, bones of finances - are ok. they can be used to rebuild. this is an excellent opportunity to make things right. all are to blame. stop pointing fingures and give me a solution. obama/biden's raise taxes - is a recipe for disaster. go back and get your facts straight. by CW Blanchett (0 articles, 0 quicklinks, 0 diaries, 34 comments) on Friday, Sep 19, 2008 at 7:46:56 AM (0+)
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Reply: CW you can't be serious
I have seen the Democrats be blamed for alot of crazy things but you can't honestly expect us to believe this financial disaster was solely the blame of the Democrats having control of one branch of congress for the past 1.5 years. Seriously?? The Republicans have controlled Congress and the Presidency from 2000 -2006 and if I am not mistaken there is still a Republican President in office right now (80% of the public likes to pretend that he isn't still there). This economy was long overdue to blow up and if Democrats hadn't stop the Republicans runaway government spending and spending on the Iraq war like drunken sailors this would have happened last year in my opinion. CW, instead of parroting the new (and ridiculous) Republican talking points that the Democrats are at fault please provide ONE piece of Democratic sponsored legislation in the past 2 years that directly contributed to this economic disaster. Please take your time as I am not going anywhere. by E. Nelson (49 articles, 14 quicklinks, 29 diaries, 550 comments [73 recommended, 2 rejected]) on Friday, Sep 19, 2008 at 9:49:12 AM (0+)
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Reply: economy
1993, 1999 under Clinton was when we began to de-regulate banking industry. first 4 of Bush saw good economics last 3 w/ democratic congress saw more de-regulations. look, I'm not blaming it all on democrats its everyone, but I hate that you blame it all on one party -the republicans and cant be fair minded enough to see that both parties are to blame. by CW Blanchett (0 articles, 0 quicklinks, 0 diaries, 34 comments) on Friday, Sep 19, 2008 at 7:55:16 PM (0+)
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Reply: Again CW ...
Please provide me one link to something the Democrats did or passed in the past two years that has led to the current economic crisis. Don't dance around my question. by E. Nelson (49 articles, 14 quicklinks, 29 diaries, 550 comments [73 recommended, 2 rejected]) on Saturday, Sep 20, 2008 at 10:31:20 AM (0+)
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Reply: Taking Responsibility
It matters little what Democrats do, it is more a matter of how Republicans think. The fact is that basic tenents of Republican thought are that Republicans are never responsible for bad consequences of their actions and Democrats are never responsible for good consequences of their actions. If you keep these basic principles in mind, you can pretty well predict what they will claim, but keep in mind that they also invoke these principles in a pre-emptive way. When Republicans know they are doing something that will eventually come back to bite them, they loudly accuse Democrats of the very same actions in an attempt to innoculate themselves. As an example, I recall that during the days of Newt Gingrich, a Republican mime was floated that Democrats could not accept responsibility. It seems clear now that this was a pre-emtive effort to innoculate themselves from their own inability to accept responsibility for their own predictable failures. by PrMaine (15 articles, 16 quicklinks, 3 diaries, 559 comments [38 recommended, 1 rejected]) on Sunday, Sep 21, 2008 at 7:50:03 AM (0+)
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Reply: for the record
Most readers of OpEd News know already that Obama has not proposed to raise taxes. This is a baldfaced lie propagated by the McCain campaign, and by McCain himself. It's true that Democrats are not blameless in this meltdown. But the cause is rooted in Republican ideology, which Dems failed to oppose forcefully. The ideology says, "Deregulation!" Ever since Regan, we have been in a mad rush to deregulate the financial markets. But even as they deregulated, they kept the guarantees in place! This created an incentive for banks and brokerages to make big bucks for THEMSELVES while risking money that is NOT THEIR OWN. The policy of deregulating companies that enjoy Federal guarantees was an invitation to corruption, and the current crisis was predictable and was, in fact, predicted by mainstream economists beginning in 1980. Not only that, this happened once before, when the S&L meltdown played out on a much smaller scale the same dynami. In 1987, the government "only" had a $100 billion bailout on its hands. This time, it's in the $trillions. by Josh Mitteldorf (33 articles, 98 quicklinks, 6 diaries, 98 comments [61 recommended, 0 rejected]) on Friday, Sep 19, 2008 at 5:05:10 PM (0+)
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Inspiring
Comment from Ratings: I'm already for Obama, and I found this speech heartening. I'm glad that I arranged to vote from Australia. by Norm Keegel (0 articles, 0 quicklinks, 0 diaries, 2 comments) on Friday, Sep 19, 2008 at 9:26:52 AM (0+)
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One other thing CW
You facts about Obama having people from Fannie Mae and Freddie Mac as his financial advisors ... again false. Jim Johnson was on the VP search committee for only a short while until he was removed because of his conflict of interest as a FORMER CEO of Fannie Mae. Where you Republicans seem to be skewing (or blatantly lying) your facts is that employees of Fannie Mae and Freddie Mac have contributed to the Obama campaign. The funny thing is they have contributed almost equally to both campaigns and McCain's top campaign manager Rick Davis has been Fannie and Freddie's top Washington lobbyist. [reference] This one is a complete wash "my friend". by E. Nelson (49 articles, 14 quicklinks, 29 diaries, 550 comments [73 recommended, 2 rejected]) on Friday, Sep 19, 2008 at 10:06:34 AM (0+)
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Reply: Lastly CW
Your mental midget of a pick in Sarah Palin mistakenly thought that Fannie Mae and Freddie Mac were government run agencies and said “"gotten too big and too expensive to the taxpayers”. Problem is they weren't being funded by taxpayer dollars until the Bush administration bailed them out last week. They were private before and now they are on the backs on us the taxpayer. [reference] by E. Nelson (49 articles, 14 quicklinks, 29 diaries, 550 comments [73 recommended, 2 rejected]) on Friday, Sep 19, 2008 at 10:30:06 AM (0+)
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RESPONSE TO ALL COMMENTERS SO FAR
Thanks for taking the time to comment. This is a very important speech which wasn't even covered in the NY Times, which just had a little on the NM visit....I wish you commenters would be more cordial with eachother. In the macroeconomic context, it is clear to me that 8 years of wars in Iraq and Afghanistan have bankrupted the USA, and that is primarily Republicans' fault in shoveling bucks into Blackwater, Brown and Root, Halliburton, Defense Contractors, etc., instead of into Education, Rebuilding Inner Cities, Infrastructures like road repair, and so on. When the guy controlling the irrigation water, or MOTHER DITCH/ACEQUIA MADRE, as we say in New Mexico, turns it from one field to another, they are responsible for the consequences, and to blame it all on one person, like I have heard Phil Gramm blamed for everything, is totally absurd. I am at core a Hegelian and believe we are in a downward spin of the last days of Imperialistic adventures...if that makes me sound like a Marxist, sorry to offend anyone. We need some new irrigation ditch masters running the government economies in DC, someone oriented towards the people and not the corporations! by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Friday, Sep 19, 2008 at 10:42:50 AM (0+)
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My response
http://www.opednews.com/articles/-Honest-Talk-and-Real-So-by-Kevin-Gosztola-080919-906.html by Kevin Gosztola (358 articles, 153 quicklinks, 81 diaries, 1149 comments [99 recommended, 0 rejected]) on Friday, Sep 19, 2008 at 1:25:09 PM (0+)
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Thoughts???
I think if he keeps pushing the specifics of his economic recovery plan his poll numbers will continue to rise. Though he must do it in a manner that is short and straight to the point and with memorable phrases. The overall American public has been dumbed down and catch phrases are things that get people to remember you and your side of things (a la' Johnnie Cochran "If it doesnt fit, you must acquit") Obama's "base" has typically been younger, heavily internet/computer savvy, and mostly educated - these are people who can seek out answers to questions they may have about him in the stroke of a few keys; but they alone cant get him elected. He must, like I stated previously, detail his plans and policies with the least amount of words possible and create and coin memorable catch phrases that people can harp on to get his message across to fully reach the poor, less educated, or even older people who arent heavily into the Internet culture. by Tequeda Johnson (0 articles, 0 quicklinks, 0 diaries, 2 comments) on Friday, Sep 19, 2008 at 3:03:39 PM (0+)
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Reply: Tequeda: You are absolutely correct
If you aren't already sending out blogs through mybarackobama.com, please join. If you are, please do this up as an article, join a bunch of groups, like the largest ones or the ones in the battleground states (the latter is my recommendation!) and send the hell out of it! Please reply to stephen@santafefineart.com if you have questions....this is very keen and astute thinking on your part!!!! by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Friday, Sep 19, 2008 at 6:15:07 PM (0+)
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You better believe taxes should be raised.
And I'm not talking about us working stiffs making under $200,000.00 per year. I'm talking about the corporate theives who are raking in millions and millions while their companies flounder. That money is STOLEN - plain and simple - and it should be returned to the people. And screw you if you are too stupid to see the truth as plain as the nose that sits on your face. by daveys (11 articles, 3 quicklinks, 23 diaries, 331 comments [52 recommended, 2 rejected]) on Friday, Sep 19, 2008 at 4:05:02 PM (0+)
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Reply: inappropriate language, Daveys....
"shouldn't talk to people like that...." Are you able to make your point with telling someone "SCREW YOU"? If you are out canvassing for Obama, I surely hope so....why don't you use this forum to apologize to that poster. by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Friday, Sep 19, 2008 at 6:18:58 PM (0+)
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What I didn't hear ...
was just where is this money to do all these things is coming from? We're broke. What is Obama going to do? Ask the Fed to print more worthless money? My God, you people are living in Dreamland. How about doing something like getting rid of the Fed altogether instead of rewarding them? How about telling these criminals that this government doesn't listen to them, they listen to us. How about putting the criminals that have pulled this Ponzi scheme in jail and getting our money back instead of given them our money and using more of it to cover these loses? How about adding this to the impeachment list and crimes against America and dragging bush&co to the Hague to be tried for their many crimes against humanity? How about any of this Mr. Obama? No? Nothing? Just more empty rhetoric and a few fancy catch phrases mixed in with just enough controlled indignation and phony sympathy. Ah, well ... by Mr M (8 articles, 0 quicklinks, 66 diaries, 2845 comments [662 recommended, 27 rejected]) on Friday, Sep 19, 2008 at 5:08:49 PM (0+)
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Reply: Error in Logic in Your Comment, Mr. M
Mr. M: logically speaking you err in asking a question of Obama and then concluding what you want without an answer, a kind of rhetorical question, but I encourage you to pitch the question to Obama in real life, and send it to his Senate Office, through the contact form on his website. I can't answer your very good questions except to say that I share some of your insights and anger. I just posted the article because I thought it dealt with real solutions, see? The overarching problem is the glutted military expenditures, and such has almost destroyed the whole US Economy. This is what Hegel and Marx were talking about more than 150 years ago. What comes next? I can't say, but we will arrive at real solutions during an Obama Presidency, of that I am sure. by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Friday, Sep 19, 2008 at 6:24:35 PM (0+)
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empty rhetoric
Are we to believe that the $24,860,257 Obama has received from the Financial, Insurance and Real Estate industries (see http://www.opensecrets.org) is going to be repaid with industry regulation? Guess again. Obama is part of the problem. See "Obama's response to financial meltdown: Deception and subservience to Wall Street" at http://www.wsws.org: "Obama and the Democrats are full partners in this system. Behind all of the Democratic candidate's rhetoric about Wall Street not "minding the store" and how "CEOs got greedy," his campaign enjoys ample support from finance capital, and his administration would, no less than the Republicans, represent its fundamental interests. The Obama campaign has raised close to $10 million from the Wall Street investment houses, nearly 50 percent more than the amount they have given to Republican McCain. Three senior executives at the now bankrupt Lehman Brothers raised more than $1.5 million for the Democrat. The Center for Responsive Politics, which tracks campaign contributions, listed Goldman Sachs as the top source of campaign funds for the Obama campaign. The watchdog group added that Wall Street's stake in the Democratic candidate is probably even larger. "Since his campaign has ignored repeated requests... to disclose his bundlers' employers and occupations," it pointed out, "these figures are probably undercounts." In addition to Wall Street, the Obama campaign has raised some $13.4 million from the finance, insurance and real estate sector and $2 million from the commercial banks, again outstripping McCain. Given this financial banking, Obama's posturing as a champion "Main Street" and the scourge of "special interests" is just as absurd as McCain's vow to fight "greed" on Wall Street. by Jim Eldon (0 articles, 0 quicklinks, 0 diaries, 255 comments [17 recommended, 0 rejected]) on Friday, Sep 19, 2008 at 6:06:28 PM (0+)
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Reply: Response
Please Take a minute and read this, and please post again after doing so: http://my.barackobama.com/page/community/post/stephenfox/gGg4Yb Title: McCAIN TEAM INCLUDES 83 WALL ST LOBBYISTS; This proves to me that McCain/Palin Would Have More Corporate Control of Government than even Bush/Cheney! Do you disagree? by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Friday, Sep 19, 2008 at 6:31:57 PM (0+)
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Reply: McCain has received just as much from Wall Street
Jim I like how left out the other side of the equation. You didn't tell the readers that McCain has received just as much from Wall Street and probably more through all the Republicans 527 groups. Also you forgot to mention that McCain top campaign manager Rick Davis has been Fannie and Freddie's top Washington lobbyist. by E. Nelson (49 articles, 14 quicklinks, 29 diaries, 550 comments [73 recommended, 2 rejected]) on Saturday, Sep 20, 2008 at 10:34:47 AM (0+)
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Hmmm
When I hear the name Volcker I just shiver in fear. Thats financial terrorism right there. The Volcker interest rate shocks, the DIDMCA of 1980 that gave the Fed more power and allowed it to monetize foreign debt of 3rd world nations, led to the S&L crisis, with over 4500 banks - 36% of the total - closing down. The early 1980's at the time as considered as the most turbulent years in US banking history since the Great Depression. Yet this is Obamas financial adviser (and Brzezinski is foreign policy adviser). BTW, in 1999, the bill that passed did so in the Senate by 90-8, and was supported by Greenspan and Clinton. It was a bipartisan effort, no matter who the architect. Then look at some of the numbers Obama is talking about to create jobs and develop alternative fuels. 50 billion?. 150 billion over 10 years (15 billion per year). This is chump change compared to the bailouts and obligations that will run over 1 trillion dollars before the end of the day. Then he says he will provide capital and liquidity to the markets. What does he think is going on today?. Do you know the Fed has just sent over 180 billion dollars to Foreign central banks in exchange for their currencies. This is money they created. Sounds like a bet against the dollar. Just a matter of time before the Fed decides to try it's luck on the derivative market. by pft (0 articles, 0 quicklinks, 0 diaries, 601 comments [7 recommended, 0 rejected]) on Friday, Sep 19, 2008 at 8:12:17 PM (0+)
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Reply: pft:YOU SHOULD BE WRITING ARTICLES, NOT JUST 376 COMMENTS!
TAKE IT AS A COMPLIMENT.... by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Friday, Sep 19, 2008 at 8:18:31 PM (0+)
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Reply: Phil Gramm and Republican deregulation ...
Phil Gramm and Republican deregulation and has blown up everything in its path. About McCain's top economic advisor Phil Gramm: by E. Nelson (49 articles, 14 quicklinks, 29 diaries, 550 comments [73 recommended, 2 rejected]) on Saturday, Sep 20, 2008 at 10:49:15 AM (0+)
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Thank you from a Veteran
Comment from Ratings: Dear Stephen: Thank you for all that you do. It is men like you who will take us into the future, living as Americans should, as ONE, without fear, in a world which 'respects us' Vs one which hates us and our 'Ideology'. My worst fear is having John McCain, a VERY UNSTABLE HUMAN BEING, in the Oval Office barking out orders, and having a bad day with 'whatever perceived enemy' and he ORDERS A NUCLEAR CONFRONTATION!!! Every 'Analyst' I talk to, whether CIA, MIT SCientists, Educators, Politicans, friends, fellow Veterans, neighbors, and others KNOW IN THEIR HEARTS AND MINDS MCCAIN WILL START A NUCLEAR WAR AND ON THAT DAY, EVERYTHING WILL END AS WE KNOW IT! Bless you my friend for DOING EVERYTHING POSSIBLE TO MAKE AMERICA STAND UP TO THIS INSANITY! IT MUST NOT BE ALLOOWED TO HAPPEN. WE HAVE A RESPONSABILITY TO FUTURE GENERATIONS TO FIGHT ON IN 2008 AND GET SENATOR OBAMA ELECTED. HOW MCCAIN AND REPUBLICANS AS WELL AS EVANGELICALS CAN CALL A UNITED STATES SENATOR A 'TERRORIST' IS BEYOND ME!!!! I AM ASHAMED TO BE AN AMERICAN IN THESE DAYS 2000-2008). I AM DISGUSTED! aND THIS, MY FRIEND, IS NOT ME. I am a soldier, Veteran, American, Proud and in 2000 it all ended. I want that feeling back!!! I want and DEMAND MY COUNTRY BACK. WE MUST 'TAKE IT BACK AT ANY COST'. JAMES, VETERAN NATO by James, Veteran (0 articles, 0 quicklinks, 0 diaries, 2 comments) on Friday, Sep 19, 2008 at 10:09:44 PM (0+)
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Reply: REPLY TO JAMES
Thank you for your very kind and sincere words. Deep down, I think (not just believe) that enough people, yes even in those so-called Battleground States, agree with you. Obama's candidacy has advanced and become easier as everyone's freshest memory is of the Bush/Cheney years and how these guys have made such a ghastly mess. You don't have to be a Marxist (and at times I think that I am a Marxist and am certain that I am Hegelian, if not a Marxist) to have come to the obvious conclusion that putting a 72 year old McCain and an idiot gun-totin' mooseburger-munchin' Governor from Alaska who we are supposed to believe can sit down and out-maneuver Putin because you can see Russia from Little Diomede Island in the Bering Strait-------come on, now, give me a break!----you must have read Nebraska Senator Chuck Hagel's blast on Palin----I published it at mybarackobama.com-----in charge of the White House is a big mistake, especially with Bush/Cheney/Halliburton/Blackwater having pushed us on to use of nuclear weapons on Iran. And that subconscious impetus is going to SWEEP Obama into the White House, not like LBJ was swept into office, but still impressively so. I know he is really smart, 'cause he went to the same college I did in California, Occidental College, 14 years after I graduated; he left after 2 years because the college wouldn't divest its South African investments to help end apartheid (a few years later it became the vogue to do exactly that), so he was ahead of that tide..... Obama in one of his books said that that experience is what politicized him, to begin with. Then transferred to Columbia and of course on to Harvard Law School. I appreciate your hopes for Obama and ask you to sign up on mybarackobama.com, have your own blog, and reach out to the battleground states: Ohio, Pennsylvania, Wisconsin, Florida, New Hampshire, Missouri, Minnesota, Virginia and North Carolina. I would go one step further and say that even Indiana could go for Obama, and perhaps one of the Dakotas, if the Sioux can ever be informed of Palin by Alaskan Natives, and thus vote as a block for Obama/Biden. by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Friday, Sep 19, 2008 at 11:06:40 PM (0+)
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this just in, news from Iowa! Urgent!!!
Iowa University Students Interrupt McCain/Palin Rally, so Please Use this in Letters to Editors in Iowa to help Obama Win Iowa! By Stephen Fox, Contributing Editor New Mexico Sun News http://my.barackobama.com/page/community/post/stephenfox/gGgyzv by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Saturday, Sep 20, 2008 at 12:05:20 AM (0+)
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1993-1999
CW in 1993-1999 when you said we you are referring to the Republican controlled congress. Remember only the congress writes legislation. Republican Phil Gramm at that time led the charge to deregulate the financial industry and repealed the Glass- Steagall act. It takes years for the effects of a law to be fully felt. Couple this with out of control spending from the Iraq war and it is no wonder that we have the present crisis. by E. Nelson (49 articles, 14 quicklinks, 29 diaries, 550 comments [73 recommended, 2 rejected]) on Saturday, Sep 20, 2008 at 8:25:24 AM (0+)
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Reply: reply
This crisis and it causes go very deep. Looks like the Government will bailout many and move into many ventures like Russia and its natural gas, eh? I just don't see how anyone can blame Phil Gramm for everything. The grasping cloying so-called "DEFENSE" CONTRACTORS deserve their fair share of the blame, given their massive greed for more profits. by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Saturday, Sep 20, 2008 at 1:19:01 PM (0+)
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Tax breaks for the wealthy
It would be comical to read inane taunts if it wasn't the economic future of the free world at stake. I actually have compassion for wealthy people who are scared of losing privileged tax breaks. They know already, or could learn, that the trickle down theory was thoroughly debunked by reality. The movie by the ex-Comptroller General of the United States "I.O.U.S.A." is a non-partisan documentary, and very educational. But the thought of paying a fair share of taxes like the working class may be as frightening to the privileged as the thought that a working class vote counts as much as theirs does. So please take comfort - even if you lose your privileged tax breaks, you'll probably still be richer than 95% of your fellow Americans, and you'll still be able to use the same roads and benefit from the other public works that taxes provide to both the rich and poor. by Carma Keats (1 articles, 0 quicklinks, 0 diaries, 5 comments) on Saturday, Sep 20, 2008 at 4:01:37 PM (0+)
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Carma: Welcome. Please post your article's URL on this site, as it is your first one, and I want to read it again. Thanks.... by Stephen Fox (98 articles, 4 quicklinks, 11 diaries, 834 comments [38 recommended, 1 rejected]) on Saturday, Sep 20, 2008 at 8:33:52 PM (0+)
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