Bushed

Yesterday John McCain said that "there is nothing wrong with the economy." Despite McCain's attempts to turn a blind eye and act like nothing is wrong, all of the indicators and the leading economists have dire predictions.

Does this pretending that important pressing realities aren't real remind you of someone? Maybe Dubya Bush? McSame.

I am VERY worried about the economy. So are lots of people, including Rupert Murdoch, multi-billionaire owner of FoxNews and an arch-conservative Republican. Mr. Murdoch is supporting Obama and has predicted that Obama will win the general election, because he says that McCain is "weak on the economy" and that with McCain as President "the recession would deepen into a depression."

Warren Buffet, CEO of Berkshire Hathaway and the richest man in the world is also supporting Obama, because he also believes Obama has what it takes to turn around our failing economy.

Honestly, I think that both of these men know more about the economy and more about Obama's and McCain's capabilities than most of us do.

Obama will win, and he will change our nation for the better.

Democrats propose things and then President Bush's vetoes or threats and with Republican support nothing gets done. Without a 2/3 majority and/or having the presidency, having only a slim majority in congress isn't all that powerful; reference the recent effort to get higher taxes through on the excessive profits made by the oil companies. Also McCain calls Obama the most liberal senator and exaggerates that he will institute higher taxes for everyone, not just for the wealthy and for the corporations who take advantage as Obama states. McCain and the Republicans also accuse the Democrats of being 'big government' and of over spending (neglecting to admit that the Bush administration has outspent, with negligible return, all previous administrations). The reality is that, whether Democrat or Republican, it is necessary to understand that the concentration over the last decade and longer, especially over the last seven plus years, has been on limiting spending to benefit Special Interests and a select few and literally neglecting everything else. If that doesn't change, with Democratic greater spending or whatever, things are only going to get worse: note America's decaying infrastructure and how the poor/middle classes are steadily loosing ground while only the wealthy are gaining. And it is important to see that America doesn???t have a ???trickle down??? economy as some try to sell but rather we have a ???bubble up??? economy where when the poor and especially the middle class are better off, then everyone, the whole economy benefits (in contrast to when the wealthy are better off, it pretty much stays there). That is the reality that is hurting!

How destructive to the U.S. economy would a Barack Obama presidency be?

An exclusive Newsmax analysis warns: There could be a very rough time ahead.

Beneath Obama's flowery rhetoric lies a dangerous economic plan that will wreak havoc on the American economy.

Obama plans to return to the failed policies of high taxation coupled with an expansion of government spending.

Worse, Obama says he is absolutely committed to almost doubling the capital gains rate ??? something he will easily accomplish with a Democrat Congress.

In the coming months ??? when investors realize that Obama will raise the cap gains rate ??? there could be a stampede of asset sales as investors rush to take their profits now to avoid Obama's doubling of the tax rates next year.

All of these issues and more are explored in Newsmax magazine's special report "Obamanomics ??? the Coming Tax-and-Spend Nightmare," by Wall Street Journal columnist John Fund.

This Newsmax magazine special report gives Americans the first in-depth look at the Democratic presidential candidate's likely strategies ??? and how they will affect not just the larger economy, but your personal wealth as well.

Indeed, Obama makes no bones about his plans to go on a tax rampage. Not only would he increase the capital-gains tax rate from 15 percent to as much as 28 percent, he wants to allow the 2001 and 2003 Bush tax cuts to expire in 2010, which effectively raises taxes on Americans by tens of billions of dollars.

He also wants to do away with the $102,000 FICA payroll tax cap, which means anyone making over $102,000 would pay an additional 7 percent in taxes on earned income.

And the loan dividend tax rate George Bush implemented? Under President Obama it will be DOA!

I took Macroecomics last semester in school and see this differently. Americans have spent the last 25 years spending more than they make and getting by on debt, now it is coming back to bite us and we are all surprised. Americans need to wake up to the realization the Discover and AmEx are not going to solve our problems. If each of us were to be on a budget and spend less than we make, putting the extra money in our savings accounts, you would see our economy improve. Americans have to quit relying on the Fed & President Bush and start fixing the problem ourselves.

Cheney and Bush created this economy, even their Puppet McCain won't be able to fix it, and if elected, Cheney and Bush will have the perftect nieve "FALL GUY", to cover their tails.

The wealthy people in this country have "disposable income" than when the robber barons were in power in the turn of the last century. Their money and the corporation's money are two different things. The Europeans think that the salaries that CEO's in this coulntry make are laughable. Much of their salaries should go to the stock holders and employees in the firm. This economy depends on cheep energy and a strong middle class. Right now we have neither. Why should the top 1% hold 40% of the wealth? Anyone who feels we depend on the fabulously wealthy is a sucker.

Quote of the Day........' My friends, we live in the greatest nation
in the history of the world. I hope you'll join with me as we try
to change it.' -- Barack Obama
W.T.F.WHY CHANGE IT ......... ITS ALREADY THE GREATEST NATION !!!!! DUMB ASS OBAMA !

JUST SO YOU KNOW I'M SICK OF ALL THE THIS IS HISTORIC TIME FIRST BLACK PRESIDENT BULL *** IT WILL BE HISTORIC WHEN WE CAN ELECT SOMEONE WHO DON'T LIE TROUGH THIER TEETH TO GET ELECTED ALL THIS IS BULL *** PLAIN AND SIMPLE THE PARTIES DON'T CARE HOW WE FEEL THEY JUST DO WHATEVER THEY CAN TO GET THIER PERSON ELECTED AND WE FIGHT IT OUT ON THESES *** BLOGS WAKE UP PEOPLE ALL OF THE CANIDATES SUCK REAL BAD ARE CHOICES ARE DUMB OR DUMBER WHICH ONE DO YOU LIKE ???

All this racial nonsense....you people make me sick. I don't care if Obama is GREEN in color. If the MAN can talk, and do something; what care I for his skin color. So he has a better tan than me...so what?

and all this blathering drivvel about slavery in the US, about 150 years ago.... come on! 150 years ago. To those who bleat like sheep and mewl about it, allow me to state my opinion that you are being discrimanatory. Here's why: Every single race, religion, and creed has, at one point in time or another, enslaved someone or been a slave to someone. Everyone. Therefore, you should bemoan the enslavement of various native american tribes, african tribes, white, blacks, hispanics, asians, etc... Where are your sympathies for the blacks in Africa who are still treated like cattle? Where is your anger for the little girls in India, who, because they're of a 'different class' are forced to be sex slaves or worse? Where's your outrage for them? How about the little boys in the deserts of Arabia who are forced to camel race? Where's that fiery rhetoric your spewing on us? ..or is your racist problem more akin to a selfish motive? It certainly must be because I haven't heard a single utterance of those poor people in Darfur. All those black who are being BUTCHERED because of two simple truths: They're black, and they're in Darfur.
So to all you armchair race-whiners: grow up. You don't know what your talking about, so I think you should remain silent. You obviously fall into the category of selfish racist, because you obviously don't give a hoot about anyone else who was enslaved, is currently enslaved, or about to be. You're only thinking of how hard you've got it...yet you don't even bother to brush the insolence from your eyes and see what has happened to others; just yourselves.
Ever wonder why southern blacks before the Civil War never carried the dynamite when blasting was occuring during the railroad building? That's because they were too expensive! The Irish were used instead, because they were cheap, and easily replacable. If one got blown up because the dynamite was 'sweating', that was OK...there'd be 20 more to take his place within an hour.
So consider picking up some history books, grow some backbone, and open your eyes. You're not the only ones who've suffered. Not by any stretch of the imagination.

Americans are dumb and greedy. That's why we have the economic problems we do.

Why do stupid Americans drive SUVs? We need smaller, more fuel efficient cars and people need to drive their cars less frequently. Start walking to the grocery store when you just need a carton of milk or a pack of cigarettes. The price of oil can't keep going up if demand goes down. Also, we should start shipping some of the Iraq oil over to the USA to help pay for that stupid war!

The govt needs to get involved with the mortgage industry and reform it. All the damage done to the housing market can't be undone but the future can be completely different. People who can't afford mortgages can't buy houses from now on! Wow, that's simple. If that rule were in place, we wouldn't have the mortgage problem.

It's all a matter of common sense. The problem is not the free market; it is Americans thinking thay can have it all. How about a little self-discipline America? Q: Why should 1 in 4 adults in NYC have the the herpes virus? A: Because they are pigs!

part of the solution to this problem would be a terrorist attack on washington d.c. that kills every single politician running the government. we've already seen over the last 2 decades that the government does nothing for americans. i'm quite certain we could do better ourselves. i guess it's too bad kennedy's stroke didn't kill him.