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Politics

Petition Financial Crisis

Bernie Sanders has presented a plan to help Wall Street that saves Main Street.

Read all about it here and sign the petition.

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McCain Videos

McCain’s Bailout Plan – Update

The Republicans and John McCain floated a new bailout plan that provides more corporate tax breaks and less regulation. This is isn’t change. This is more of the same.

After all the shenanigans and politics that happened today, I’m beginning to think that there really isn’t a crises that needs emergency care. If the US economy was in such dire straights, there would have been an agreement this afternoon. Instead, all the bi-partisan work over the last 3 days just went up in smoke. And he was holding the gun? None other than the “Maverick”, John McCain, the gambler that wants to gamble with the America’s future.

The alternative plan that John McCain presented is proof that McCain is completely influenced by corporate lobbyist. He sold his soul and now the devils have come to collect.

Shame on McCain.

Update:

Read what a veteran has to say about John McCain…from testvet6778 at Daily Kos.

John McCain, always the liar.  I’m not sure who lies the most.  Is it George W Bush or John S McCain?  I haven’t heard the truth from McCain at all during his campaign.  This makes me question the validity of his POW experience.

John McCain voted to impeach Clinton for lying and yet he wants us to vote for him and ignore the fact that he lies.

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Financial Markets Politics

Obama to the Rescue – Update X 2

While John McCain is suddenly pretending that he is concerned about ordinary Americans by suspending his campaign and running off to Washington DC for photo-ops, Barack Obama is keeping a cool head and staying out of the way of the current economic negotiations. Obama said that he will go to Washington DC to vote or if Congress or the President requests his presence sooner. Senator Obama has also spoken with Paulson and Congressional leaders daily.

President Bush requested a meeting with both McCain and Obama and the leaders from both parties in Congress. The news reported that this meeting is basically to explain the current situation to both presidential candidates and to get their input into the proposed bail out.

Now that I got all that information out of the way, let’s look at the records. Everyone is aware that John McCain is a huge supporter of deregulation. Even Sarah Palin was lost for words when she couldn’t provide Katie Couric with any example of what John McCain has done for de-regulation of Wall Street.

During the 110th Congress, John McCain never sponsored a banking bill. Out of the 38 bills sponsored by John McCain, not even one of these bills have been referred to the Banking panel. Compare this to 5 of the 130 measures offered by Barack Obama which were referred to the Banking Committee.

Obama’s legislation calls for bolstering housing assistance for veterans, amending the Securities and Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation, halting mortgage transactions that promote fraud, authorizing local and state governments to crack down on companies that invest in Iran’s energy sector and authorizing a pilot program to prevent at-risk veterans from becoming homeless. (excerpt from The Hill)

Off topic… during Wednesday’s speech to the American people, President George W Bush blamed the Clinton administration for this Wall Street mess. Bush said that the problem started 10 years ago which would mean that it started while Bill Clinton was President. I beg to differ on this… this Wall Street mess was started by “Mr Deregulation” and that would be President Ronald Reagan.

Never trust a Republican with your money.

UPDATE:
Read the latest text of the bail-out plan here, at the Wall Street Journal.

UPDATE 2:

You can’t make this stuff up… unbelievable. Read and watch the videos at Tirg Caps.

Categories
Politics

Forget Main Street

The Republicans are all set to bail out Wall Street and they don’t want to bail out Main Street.  With the Republicans, you are on your own, baby.

Read all about it at Politico

Republicans… playing politics as usual.  They only care about money and more money.  Remember, they also want to privatize Social Security.

UPDATE:

Rick Davis, McCain’s campaign advisor, was paid $30,000.00/week by Freddie Mac and Fanny Mae.  So when McCain starts trashing Obama about being connected to someone he was introduced to once from Freddie Mac, he needs to turn around and look behind him because his top man, Rick Davis is a foremost lobbyist for the mortgage industry.  This is why McCain will never regulate Wall Street and refuses to help out Main Street.

Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.

New York Times article, a must read.

Incensed by the advertisements, several current and former executives of the companies came forward to discuss the role that Rick Davis, Mr. McCain’s campaign manager and longtime adviser, played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000. Some who came forward were Democrats, but Republicans, speaking on the condition of anonymity, confirmed their descriptions.

John McCain continues to lie in his ads.  Whatever happened to the “Straight Talk Express”?  It has become the express of liars.  John McCain will say anything to further his political career.  In my humble opinion, I think John McCain is still trying to live up to his father’s and grandfather’s expectations of him and that is why he has been so desperate in his race to be elected President.  His career is first and our country is second to him.

In an interview with 60 Minutes, John McCain was asked if he thinks that Sarah Palin is ready to be president.  McCain answered “yes” while shaking his head no.  Body language speaks louder and more truthful than words and if McCain is shaking his head no while answering this question, then he really is saying that he is not convinced that Sarah Palin was the right choice.
Watch the heading shaking…

Just a reminder…. all this deregulation and union busting was started with Ronald Reagan, a Republican President and continued with George H.W. Bush and George W. Bush.  When Presidendent Clinton tried to veto a deregulation bill, his veto was overturned by the Republican controlled Congress.  Yeah, I’m blaming the Republicans for this economic disaster with their voodoo, trickle down economics.  It didn’t work in the 1920’s and it didn’t work this time around either.  The Savings and Loan disaster happened during the Reagan years and the taxpayers had to bail out those failures.

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Barack Obama Videos

Blueprint for Change

If you still have questions about the Obama/Biden Tax Plan, then watch this video. This is a summary of what Barack Obama and Joe Biden will bring to the American people.

Pssst… make this video viral… pass it on

OBAMA/BIDEN 08
OBAMA/BIDEN '08
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Barack Obama Videos

Barack Responds to John’s Speech

Thanks for JedReport and DailyKos Diary NCDem

Today’s Press Conference…

First 10 minutes of Q & A

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Videos

Wall Street – Greed is Good

Al is wrong… greed is destroying the USA.

GREED is one of the 7 Deadly Sins.

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Music

Wall Street Shuffle

There certainly has been a lot of shuffling on Wall Street this week.  Made me think of this song by 10 CC

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Barack Obama Economy

Barack Obama and Joe Biden Economic Plan

John McCain has reminded us over and over again, that he is weak on the economy. Now he says that it is greedy Wall Street, you know, the Wall Street that he votes to protect by keeping it deregulated, that is causing our economic problems and he will put a stop to it if elected. That would mean that John McCain will be biting the hand that feeds him. Doubt that he would do that.

John McCain also praises the American worker. That is a great point, if you have a job. If you are one of the 6.3% of Americans that had to file a claim for unemployment insurance or the one of the other millions of Americans looking for work, you are probably scratching you head and wondering “why isn’t someone hiring me? I’m one of the ‘fundamentals’ that are strong in America? Fundamentals don’t put food on the table nor does it pay the mortgage or rent if you don’t have a job. It’s easy for McCain to make this statement because he has 9 houses and a millionaire wife. He can’t relate.

Barack Obama and Joe Biden have a real plan that will bring jobs back to this country and get Americans working again.

Read the complete plan at http://www.barackobama.com/issues/economy/

Categories
Financial Markets Videos

When Black Friday Comes…

Only, this time it’s Black Monday. This is part of the Bush Economic Plan, the very plan that John McCain supports and wants to continue. A couple of years ago, Dick Cheney dumped his stock investments and purchased Bonds. Cheney saw this coming. McCain won’t feel any of this pain. As a matter of fact, drug and alcohol use increases during times of financial depression.

The better tax plan…

Woohoo! A better tax break with Obama for Middle Class Americans, those of us that have to work for a living.

WAIT… There’s more