The Hole in Their Resumes

Neither Obama nor McCain has business experience

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  • Posted By: Nins @ 07/11/2008 11:32:50 PM

    Know why McCain wants to distance himself from former Senator Phil Gramm? It is not just because of Gramm's recent obnoxious remarks calling Americans "a nation of whiners" and that unemployed Americans are in "a mental recession." In fact, those remarks were so obnoxious that I wonder if they were engineered just to provide McCain an excuse for publicly distancing himself from Gramm. This issue is a lot deeper than it looks on the surface.

    When Gramm was a Senator he was chair of the Committee on Banking, and in that capacity he was able to push through the legislation now known as the "Enron Loophole." This loophole allowed US investment banks to bypass the Federal regulations governing futures trading, and is the reason why the investment banks were able to falsely inflate the prices of oil, wheat, corn and other commodities through massive futures trading, causing your costs of gas, heating oil and food to go through the roof.

    Gramm was a member of McCain's campaign team, but now Gramms' name is turning to mud. In addition to the Enron loophole, Gramm pushed through the Gramm-Leach-Biley Act in 1999, which got rid of the laws that seperate banking, insurance and brokerage activities in America. Essentially, this Act did away with all of the good laws written after the Great Depression to protect us from another Wall Street/Banking Industry collapse. That's right, Gramm stripped the system of it's safe guards nine years ago, and guess what? The value of the dollar has nose-dived, three major economic institutions have failed, Wall Street is highly unstable, and we are in the midst of a worsening recession.

    Now you could say that this is not Gramm's fault, that he didn't know what the outcome of his actions would be. However, it turns out that the same investment banks that benefited from the Enron loophole and from the Gramm Act gave more than a million dollars to Gramm's campaign. Uh oh. A Congressional hearing is going to be convened to investigate this. And McCain wants to have noting to do with Gramm, wants us to forget that Gramm has been a key player on McCain's campaign team. Gramm was McCain's campaign CO-CHAIR and LEADING ECONOMIC ADVISER. Previously, McCain had said that he planned to appoint Gramm as SECRETARY OF THE TREASURY. It looks like McCain is scratching that idea, now that the public is finding out about Gramm. Didn't McCain's team bother to find out about Gramm before publicly considering him as Secretary of the Treasury?

    With Gramm in the driver's seat as McCain's leading economic adviser, now you know why economists and analysts are saying that McCain's economic policy plans are untenable.

  • Posted By: tc125231 @ 07/11/2008 12:40:12 AM

    Cripes. Reading this drivel, you realize that most people posting here do so to feel good about reinforcing their prejudices.

    The amount of data is miniscule. No wonder we were unable to do anything about a looming oil supply problem for over 30 years.

    Pathetic.

  • Posted By: willnotvoteobama @ 07/01/2008 8:12:14 PM

    KOOL-AID??????..From the kitchen of the obama sheeple!! take one heaping spoonful of an inexperienced elitist white male seeking self validation through exploitation of his african-american genetics. Combine two parts black liberation theology clerics spewing intolerance! With two parts of unrepentant intellectuals committed to the destruction of America. Stir in one cup of militant black wife harboring the overwhelming desire to stick it to whitey and one spoonful of typical white person grandmother mix well. Pour a gallon of anti-patriotism into tall glasses and sprinkle with naïve foreign policy ideations. Serve on a platter of meaningless oratorical hyperbole with a generous dollop of wealth re-distribution. Sprinkle liberally with zest of white guilt flip it and flop it till it tastes right. Serve large portions to the undiscerning and spellbound masses convinced that the Second Coming is upon America and now you have a complete recipe for disaster!

  • Posted By: alvinernest @ 06/28/2008 9:51:01 AM

    The appeal of the Obama campaign is its meekness and humulity.. humble enough to ask all Americans for support, not reliant on old sytems and structures that have failed Amercia... the Appalachian American, the Black American, the Native American have been poor and ignored for 200 years, that is the reality of American political history - that's the common ground bringing Americans together... the well educated and previllaged Americans are also turning away from the status quo, because they too recognise that there is a lot that is wrong with American politics... a lot that has gone astray from the path set out by the founding fathers of America... moreover they understand the increasing importance of real democracy to business and economic prosperity...

    The realisation that the Appalachian Ameican has been poor for 200 years, proves that there is no grand racist conspiracy, it proves that even if you are white, black or blue, if you were not considered economically mobile you were forgotten and left on the scrap heap... I believe that both white and black Americans are now realising this, especially as people from these groups become more educated... Appalachia can no longer be appeased by the notion that they are racially superior, when the reality is that they have been bottom of the economic ladder along with blacks for 200 years; blacks no longer believe that they are inferior, they have seen that power comes from organising and focusing their power of consumption... all Americans realise that history has been all about economics, nobody has really cared untill you showed them your money... a new politics is needed to ensure that everyone is enlightened and empowered to deliver what they can for their country and for their families, no matter who they are... because nothing else matters...

    So, I am convinced that Americans will vote for Obama... that is the map to victory... no one who is honest about modern America will do otherwise... he is the only candidate who has ever presented truth and enlightenment to the people... he has not stood up for race or money, he stands only for principle... and deep down inside we all know this!!!!

  • Posted By: Nins @ 06/24/2008 11:27:53 PM

    Some of you who read my posts about investment banks driving up the price of oil through commodities futures trading did not believe me that this was a real issue, despite the fact that the Senate is investigating it. Well, it really is an issue and an important one, so important that the Department of Justice is going to investigate.

    Senator Obama announced a plan to crack down on excessive energy speculation and fully close the loophole in the CFTC regulations that I referred to in my blog. This loophole is also called the "Enron Loophole" because it was created by McCain campaign co-chair Phil Gramm at the behest of Enron lobbyists, and exempts most trading on energy commodities from regulation. As a result, the CFTC is unable to oversee the oil futures market or investigate cases where excessive speculation is driving up oil prices. Just last month, John Hofmesiter, President of Shell Oil Company, says that the proper, uninflated production price of a barrel of crude oil is no more than $65.

    http://www.financialpost.com/reports/oil-watch/story.html?id=532747

    Clarence Cazalot, CEO of Marathon Oil, stated in November of 2007 that "$100 oil just isn't justified by the physical demand on the market - it is speculation on the futures market that is driving this."

    http://money.cnn.com/2007/11/12/markets/oil_hundred/index.htm?postversion=2007111216

    Larry Chom, Chief Economist of Platt's, states in a recent Businessweek article that speculation is adding at least $50 to the price of every barrel of oil. You can read this article in the May 13, 2008 edition of Businessweek, but it is no longer available on their website unless you are a member.

    http://www.businessweek.com/bwdaily/dnflash/content/may2008/

    To see what Senator Obama is doing to correct this serious problem and lower the price of gas and oil, go to his website:

    http://my.barackobama.com/page/community/post/stateupdates/gG5Rzb

    Now THAT is my kind of President! Sees the problem, and moves to fix it, while Bush and McCain are sitting on their hands.

    • Posted By: lamm01 @ 06/25/2008 4:08:59 PM

      Are these the same poeple who have been heavily funding Obama's campaign? Just like everything else Obama says, it's all lies....

      • Posted By: Nins @ 06/26/2008 6:12:19 PM

        Lamm, I seriously doubt that the oil barons are backing Obama and giving him money. Bush-McCain is the oil candidate. The articles that I quoted have nothing to do with politics or with Obama. They are all in the financial news.

        Obama's funding comes from millions of donors, all of whom give in small chunks, less than $100 on average. He has a huge popular base, and he does not have to take money from lobbyists or from the government to fund his campaign. McCain takes lobby money. McCain takes Federal elections money. Obama is supported by the PEOPLE.

    • Posted By: Zombiehero @ 06/25/2008 3:14:51 PM

      And do you really think that going after Energy Traders is going to drop the price of gas in the next 5 years?

      • Posted By: Nins @ 06/26/2008 6:07:58 PM

        It would drop it the next day. Close the Enron loophole and all those futures holders would lose their shirts. And it would serve them right.

  • Posted By: Jack999 @ 06/25/2008 9:13:58 PM

    Its sad day for America if Americans still votes for the Candidates that persists of carry on meaningless expensive War,by borrowing money from other country just stay in IRAQ,even at the expense of own people miseries at home with many uncertainty,This really makes me wonder, are these prejudice conservative white americans happy going to help and join forces with BIN LADEN to make it happened "America going burst and bankrupt."?

    • Posted By: Zombiehero @ 06/25/2008 9:29:47 PM

      I'd be ok with your disparaging remarks about McCain, that can be debated. Why do you have to try and play the "prejudice conservative white American" card? Why doesn't anyone that votes for McCain automatically have to be prejudiced? Trying to play the victim will only get you as far as the Primaries....now we are in the GE. We should be discussing policy not your race baiting drivel.

      • Posted By: metzlerd @ 06/25/2008 9:41:42 PM

        The part of this that might be debated is that we are borrowing money to finance the War in Iraq. Unfortunately it's true. As soon as Bill Clinton was out of office, the once balance budget was immediately undone, and we went back to deficit spending. That means spending more than we take in; otherwise known as borrowing.

        You're right it isn't debatable. It's verifiable fact. But it is a valid issue.

        • Posted By: Zombiehero @ 06/26/2008 6:28:41 AM

          What's a fact? That all McCain supporters are racist? Your pathetic. No better than the GOP smear artists that you hate.

          • Posted By: metzlerd @ 06/26/2008 3:26:51 PM

            Racism doesn't enter into it. It's a fact that we our government is not balancing the buget; that we are spending more than we take in; that we are borrowing money to fight the war in Iraq. What does that have to do with racism? It's about fiscal irresponsibility.

            And I don't hate you.

  • Posted By: PacAttack @ 06/26/2008 3:26:24 PM

    Look what an MBA has done for this country over the last 8 years Mr. Thomas. You say our current presidential nominees don't have proper or qualified Business-running experience to be a president? Management skills are not inclusive to business, and a country is not a mechanism for Capitalism, it is the mechanism for controlling your environment in a civilized and social context. And look at what an MBA or business-background offers the wholeness of the President. Our cutt-throat laisse-faire economics do not operate on morals, growth is its goal and to attain that is to succeed. But sometimes a President will have to take a receding failure to push forward and progress. Like a cleansing fire to a dense forest, sometimes losing is for the greater good. In the eyes of our current MBA President, we can see the inherent conflicts between success as a businessman and success as a President. One constantly seeks growth the other development. One seeks personal gain (whether the entity is himself or his business) the other seeks appeasement across the land. It is the difference between competition and unity. If you develop a state of mind hell-bent on besting competitors, within a global spectrum behind the seat of a single country, one isolates not just himself but the entire population of his country. I refuse to compete with other nations simply trying to survive, this life is not about making a buck, this life is about survival, and the game of politics is for the betterment of those lives that occupy this Earth. We gave our President a cabinet of advisors for a reason, we gave Congress the power of the purse for a reason. We need leaders looking out for We The People. Not the Purse. These men have both served time within our Congress, they know a thing or two about how this country operates from a federal governmental perspective, and they both understand to an extent how the government spends its money, that???s all they need to know. Congress is our regulatory body, not the President. Americans today don???t need a buck, they need a better system of civilized operation, the programs and policies to which we govern our domestic lives are breaking down or simply exist in a past that no longer translates to the present, think about FDR and Social Security and why the age requirement was set to 65 years of age (then look at the average lifespan of an American during the Depression). It is social problems like social security, and health care, and welfare, and the subversion of the American working stiff into the Service Industry that need to be fixed by our Oval Office in the next 4 years (at least if not much more). Businessmen won???t solve these problems the way reality needs them to be solved, they will simply set up another system geared towards making a profit, not making progress. These are the problems Mr. Obama and Mr. McCain are vouching for, they don???t need to make a buck for this country, they need to correct it.

  • Posted By: olderwiser @ 06/25/2008 4:47:01 PM

    That word that he used for Mrs. Mc Cain.
    Let's conjugate Mc Cain, a new verb. He earned it.

    Mc Cain
    Mc Cain't
    Mc C*nt.

    Mc Anus
    Mc Never
    Mc Canned

    • Posted By: Zombiehero @ 06/25/2008 4:56:25 PM

      That all you got? Maybe you instead of making fun of his name you can argue why Obama's so called experience trumps McCain's?

      • Posted By: metzlerd @ 06/25/2008 8:50:29 PM

        I agree, but howabout we have somebody who isn't running around making fun of Obama's name, make that point. That way you don't sound like such a hypocrit.

        • Posted By: Zombiehero @ 06/25/2008 9:31:29 PM

          Coming from you.... HA! Hey I have never used Barry's middle name.. I'll leave that to Holy.

          • Posted By: metzlerd @ 06/25/2008 9:36:45 PM

            My apologies. I mistook you for someone else.

            • Posted By: sharenews @ 06/25/2008 11:44:16 PM

              You are right, there are a select group of bloggers who never fail to insert Obama's middle name to rile the Obama supporters a bit and it definitely does. But I can vouch for Zombie, I have never seen him use BOs middle name. : - D

              • Posted By: Pia1981 @ 06/26/2008 11:36:27 AM

                I can vouch for Zombie too on this.

              • Posted By: Zombiehero @ 06/26/2008 6:33:01 AM

                Thanks sharenews.

  • Posted By: olga c @ 06/26/2008 11:21:56 AM

    I know it's difficult to run a business. I run a small one. But perhaps government has a more worthy cause. Imagine that. What we need is not a former business owner. We need a leader. We need someone who is practical and smart, someone who has a grasp of economics. Redistribution is exactly what the country needs. I think you need to take a closer look at Sen. Obama's policies because he has never said he intended to be fiscally irresponsible. http://ochairball.blogspot.com

  • Posted By: wernet @ 06/26/2008 5:04:10 AM

    The author writes: "One emphasizes negotiation with enemies, the other believes in the all-or-nothing use of force."

    This is an unfortunate misstatement of McCain's position. It leaves the reader with the impression that John McCain does not support negotiation. He does. What he does not support is presidential level negotiation with sponsors of terrorism where that negotiation will serve to raise the reputation and prospects of that terrorist sponsoring leader.

    • Posted By: metzlerd @ 06/26/2008 11:14:18 AM

      I would argue that your last statement is an unfortunate misstatement of Obama's position.
      When Obama says he would talk to our "enemies", that does not mean necessarily that it is the President talking directly to the foreign leader. The point is to be talking at all. He does not rule that out the President talking directly, but this a repeated misconception that Republicans like to push. Instead his position is in contrast to the policies of the current administration where there is a shoot first and ask later type of mentality. The reason that McCain is so frequently connected to it is because he has supported that type of foreign policy. Again the notion of whether it is direct communication or phone or a representative is nit picking to avoid dealing with the real question.

      All of that said, the other part that needs addressing is that the President has a job to do. Sometimes that involves talking to foreign leaders. It isn't a social status. It isn't something you lord over people to imply that they aren't good enough. It is just a job, but one that we expect to be done well. We elect a President to put in the best and the brightest, not to as an award, some kind of inheritance, or to bestow a status symbol.

      The notion that a you are giving some special status to a foreign leader by granting them an audience because its the "President of the United States", is a symptom of somebody who is just too full of himself to do the job well. As I said part of a President's job is to talk to foreign leaders. You may not even like them, but if you run for President you better expect that you're going to have to do the job!

      If you don't like it, don't run for office, but don't use some flimsey excuse about this leader or that leader not deserving an audience. If a candidate wants to play Aristocrat or social games, we have Country Clubs for that..

  • Posted By: Jack999 @ 06/26/2008 10:50:32 AM

    John McCain can't make up his mind where he sits on this fence. He claims to be a "Mavrick," but the only thing mavrick about John McCain is his inconsistency. Despite McCain's honors as a war verteran, the fact is that he graduated as a flunky (894 of 899) from the Naval Academy. His greatest pre-politics achievement seems to have been as a light weight boxer in his academy days. And while we can honor McCain's perseverance as a war hero, we should not forget he was shot down twice in his career after only his 23 missions over Viet Nam. Experienced fighter pilots in that war flew many hundreds hundreds of missions. Some pilots often flew 3 and 4 sorties a day. By that count, McCain lasted all of a week in Viet Nam. Other than touting his war record - who is John McCain? Does he have the "smarts" and intelligence, and mental capacity to lead as president, or is he likely to be another "Bush" - puppet of the Authoritarian right?

  • Posted By: olderwiser @ 06/26/2008 9:15:06 AM

    The subject of this article harks back to the era preceding the 1929 crash, not totally dissimilar to our situation today, when it was declared by those in power that "the business of America is Business". It is a phenomenon that occurs as wealth gradually works its way up in to fewer and fewer hands and those hands somehow feel a power with the wealth similar to those endowed with the power of the King. "Business" becomes their holy Grail, and vassals, varlets and peasants become their victims as the self image grows, wages fall, retirement plans are discontinued, and the "have nots" have less and less to enjoy. One day, the market experiences an unprecedented dissolution as the inflated values come to reality all at once. Many of those who had worshiped business jumped from the windows of the high rises in The Big City as their money fueled self images disappeared all in one day, before air conditioning had sealed all the windows and you could still open them. I hope that this never happens again, but there are parallels. Delano Roosevelt rescued the country from the folly. Not a businessman. Intelligent, well educated, articulate, capable. I was lucky to hear his fireside chats. Oh well, so much for business experience to run for president.

  • Posted By: anotherview @ 06/25/2008 9:02:10 PM

    Don't have to go far with this one to see where the bias lies. The opinion about Newsweek unbalanced coverage and opinions that favor Obama is definetly spot on. Must be favorite reading for Obama supporters.

    • Posted By: Italian Revolutionary @ 06/26/2008 8:28:24 AM

      Well, duh! My apologies for the single, esoteric reply:

      First of all, it is a known fact that the general public tends to read or watch only those news outlets which confirm their own prejudice and bias. The corollary to that fact is that people consider outlets that don't reinforce their opinions as biased against their convinctions. Interestingly with Newsweek, both progressives and conservatives (to provide shorthand that's meaningless) despise Newsweek. I, for instance will read Anna Quinlain [sic] all day long, but I use George Will's essay to line my trash can. Maybe the magazine which causes the greatest amount of distemper in readers of a cross section of political views is the least biased.

    • Posted By: Italian Revolutionary @ 06/26/2008 8:22:00 AM

      corrolary

  • Posted By: olderwiser @ 06/25/2008 10:16:05 PM

    Mc Cain is a vulgar old man who calls his fellow senator four letter words if they dare to disagree with him. He is in the early stages of Alzheimer's disease. Look it up. That's what they do as the cells lose their synapses. Grouch, gripe and curse. I'm older than he is and I grouch, gripe and cuss, but I know better than to run for an office where the whole populace would suffer from it. Shame on him for talking to his wife that way.

    • Posted By: sharenews @ 06/25/2008 11:37:13 PM

      Believe it or not, people get elected as President of the U.S. even if they get outhy and hot under the collar with their wife, aides, or whomever. Here is a look at past Presidents and their temperments (and yes, at least a couple of them took our their temper on their wife).

      Article by Kevin Baker:
      Writer and Editor out of NYC
      More info about Mr. Baker: http://www.kevinbaker.info/about.html

      I found this to be a great read if you are interested in learning more about the temperaments of our past Presidents. Temper can be a bad thing depending on which type of temper is displayed. It also can be a very good thing in a President. Worth reading.

      EXCERPT from his article: THE TEMPER THING

      Is it really such a bad thing to have a temper when you are president? To judge from our history, the answer to the latter question seems to be NO as long as it is the right kind of temper.

      Most presidents and nearly all successful presidents have had displayed some kind of temper at some time in their tenure. It is simply too difficult to get so far in politics without so invaluable a tool. Sooner or later, its going to behoove any president to get tough with truculent senators, evil foreign dictators, willful special interests, corrupt criminal syndicates, recalcitrant state governors, shilly-shallying bureaucrats, and feckless relations. And then there is the rest of us. Any man who could get to be president without becoming at least occasionally fed-up with all the silly, self-serving demands we make of him would have to be possessed of an almost unnatural serenity.

      Full story: http://www.kevinbaker.info/c_ttt.html
      ,

      • Posted By: Italian Revolutionary @ 06/26/2008 8:09:39 AM

        There are orders of magnitude of difference between getting your knickers in a twist and being abusive. The story in Congress is that McCain is an abusive bully; same for Bush the lesser. The two waddle and quack, and no amount of denial and wishful thinking is going to make that go away, short of clicking the heels of your ruby red Mary Janes.

  • Posted By: Italian Revolutionary @ 06/26/2008 7:56:09 AM

    I don't understand why it wasn't mentioned that Mr. Thomas gave this speech at the US Chamber of Commerce National Convention. Filled with false dichotomies, flawed logic, and subtle innuendo, it is a stellar example extremely good writing, but certainly not journalism. In short, Mr. Evan's premise that not having capitalist executive experience is makes a person unqualified to be president is specious: being a CEO doesn't make you a doctor; being Zubin Mehta doesn't make you a cabinetmaker. And? George Washington?, Thomas Jefferson?, James Madison?, Andrew Jackson?, Buchanan?, Taylor?, Tyler?, Teddy Roosevelt?, Wilson?, Eisenhower?, Kennedy?, Clinton?, Baby Bush (with an asterisk)?, none capitalists in the conventional sense.

    So? I'd rather have a community organizer as a president than a CEO. Why? What $75 million a year CEO knows a damn thing about the condition of the poor in America; I mean there is the $100 and the ten pounds of pinto beans every Christmas and the "Hola, Hortensia" every three days...As much as people have drunk the kool-aid of Republicans, this is a class-driven country and the top 5% doesn't waste any time worrying about gas a 5 bucks a gallon. Maybe they'll have to put off getting a new suit of sails for their Cal 39 and foregoing the $300,000 of landscaping at the cottage in Blue Hill. Bill Gates ran a very successful Corporation. He has billions up billions of dollars. He is donating a good deal of that money. I often wonder why the workers who wrapped those billions of Windows CDs didn't get more of that $40 Billion? That's capitalism for you.

    My favorite tacticof the Republicans is the absolutely loathsome and snide attitude they tar academic success: name someone in the Bush Administration who wasn't graduated from college? Even Dimbulb could stay sober and out of someone's panties long enough to get a degree from the opium college of New Haven. One of the American dreams is education as a bootstrap endeavor. Few Administration lackeys aren't part of one monied elite in the US or another. These people who use their shared characteristics as wedge issues ("Look at that Ivory Tower Liberal! What the hell does she know about real people?) are shameless.

    Finally, I have to take you to task for your characterization of McCain as "a bit of a hothead." As a person with Post Traumatic Stress Disorder, I think I have an edge on noticing signposts of the disease. Senator McCain could be the poster boy of PTSD. Your glib minimization of and ignorance of his (probable) condition reminds me of statements about drunks in the 50s-70s: "Yes, Bill does like to be the life of the party; he must have had an interesting ride home."

  • Posted By: tarfooot23 @ 06/24/2008 10:47:44 PM

    The field of cheating belongs to democrats and republicana alike Medge...Don't kid yourself otherwise. It is a 2 way street in Washington. Obama isn't raising funds with wits alone. I applaud the guy for what he has done. He is like a David Keresh or JOnes in having a following similar to that of a messiah. The sheep are falling for him literally as many young girls faint at his rallies. He does have a following, but no substance to back up his theory on "change we can believe in" He is a great speaker and intelligent man and has and will continue to use the race card to his advantage. Very smart politician. To say Republicans alone are "cheating" is such a great copout on your part and anyone that believes your message Medge. Again, it is a 2 way street in the greater D.C. area. Welcome to Washington D.C.

    • Posted By: WhenStarsTurnBlue @ 06/25/2008 5:58:50 AM

      Are young women in the front rows still fainting at his speeches? That always seemed so staged. Especially since it happened so often, and Obama always happened to have a upopened bottle of water handy. I thought it stopped when the media seemed to catch on to the trend.

      http://www.youtube.com/watch?v=ndl57E7UJno

      • Posted By: Zombiehero @ 06/25/2008 2:45:55 PM

        Isn't he so dreamy... ha ha. Probably some Kool Aid induced side effect.

        • Posted By: AmeriKhan Lobo @ 06/26/2008 1:44:52 AM

          Don't get mad because no women have ever fainted over anything you said. Jealousy is for the weak

          • Posted By: Zombiehero @ 06/26/2008 6:48:27 AM

            Sorry girls that go for Obama are not my cup of tea anyway.

      • Posted By: sharenews @ 06/25/2008 7:43:06 PM

        Of course it was staged. Either that or heat stroke, depending on where Obama was speaking.

      • Posted By: Pia1981 @ 06/25/2008 8:27:18 AM

        That was not staged, and you know it!

  • Posted By: Zombiehero @ 06/25/2008 2:34:38 PM

    From the WSJ...doing a little analysis on Obama's Tax Hikes...
    --http://online.wsj.com/article/SB121435112024101581.html?mod=opinion_main_commentaries--
    According to the nonpartisan Tax Policy Center, Mr. Obama's new tax would siphon off 0.4% of gross domestic product annually. Combined with Mr. Obama's other tax-hike initiatives, "the total tax on labor would be close to 60 percent. In high-tax states like California and New York, the top rate would be even higher."

    Would it help Social Security's financing problems? Mr. Obama has no idea. One of his senior economic advisers admitted to me that no one on the campaign has run any detailed models or performed any rigorous analysis. When one proposes an enormous tax increase, shouldn't there at least be a spreadsheet somewhere?

    But the most alarming thing about Mr. Obama's proposal is that the $250,000 threshold, above which the payroll tax would be applied, refers to household income, not individual income. So it's quite deceptive when he claims that the $250,000 threshold will "ensure that lifting the payroll tax cap does not ensnare any middle class Americans."
    And neither has Mr. Obama said whether the rich ??? and, truth be told, the middle class ??? paying his new higher taxes will get correspondingly higher Social Security benefits when they retire. Throughout the history of the Social Security program, there has always been a connection between what you contribute in taxes and what you get back in benefits. If Mr. Obama uncaps the wages subject to tax, but doesn't uncap benefits, then he has severed the link between them. Social Security would stand revealed not as a work-related contributory retirement system, but simply as a tax-funded welfare and income-redistribution program.

    Obama is doing his best to try and turn this country into Socialism. Go Dems...

    • Posted By: metzlerd @ 06/25/2008 9:35:15 PM

      The problem with that article is that it uses double talk which suggests that it isn't as "non-Partisan" as one would think. Probably similar to the swift-boating attacks that gave Republicans "plausable deniability" because nobody could prove that Karl Rove was the one who paid them to lie.

      Anyway: Regarding social security, what the article calls an additional tax is not really an additional tax.
      Currently social security totals a little over 15% if you count the employer portion and the employee portion, and you are under the cap. If you make over the cap you don't pay the approx 7% on what you make. The more you make the less the resulting percentage is.

      Obama's plan for social security simply says that portion over the cap that you weren't being taxed on is now still going to be taxed AT THE SAME RATE AS EVERYBODY ELSE. Any talk of a 60% tax for Social Security is a load of garbage.

      I don't know about you, but I don't make 6 figure salaries, and I don't know alot of "middle class" people who do. But if you find some, they are going to have to foot some of the bill.

      The reason this is a GOOD idea is just to make sure that cap stays comparitively the same given the cost of living.

      All of this makes good economic sense from an economic standpoint unless your ultimate goal is to phase out social security.

      Also keep in mind that social security is essentially not a retirement savings plan. (It has never been.) You don't get out what you put in. You get out what the current workers of today put in. You benefits although loosely based on what you put in, actually come from what workers of today put in. And your benefits can not keep pace with inflation unless the Cap is also adjusted according to inflation.

      As far as your article goes, I don't know how it translated a 7% tax or possibly a 15% tax into 60%, but it clearly is a distortion of the facts. Perhaps it is trying to include a captial gains tax, which is something enttirely different, since it isn't a tax on income. In other words I make a salary, but I don't pay capital gains tax plus social security plus income tax, and neither does any fire fighters, policeman.

      Unfortunately WSJ rights political opinion articles too, and evidently they don't always get the facts right.

      • Posted By: Zombiehero @ 06/26/2008 6:38:15 AM

        All news outlets have some bias, but I've seen this analysis on more than one different news outlet. The numbers a bit different but basically the same. Obama's tax plan will over tax everyone but the poor. Even Bush's current tax plan doesn't tax the poor.
        You also have to recognize that calling for massive taxation of whatever demographic to pay for entitlement programs while in an economic slowdown is not conducive to growth.
        Both parties are trying to use Fear that SS will go bankrupt tomorrow to try and get votes. The fact is SS trust is solvent for then next 20 plus years. We need to focus on getting the economy back on track first before doing anything about SS.

    • Posted By: Alvy @ 06/25/2008 2:41:29 PM

      Of course you're unbiased and have Mc's info at the ready huh bigot?

      • Posted By: Zombiehero @ 06/25/2008 2:51:21 PM

        Do you read what I post or just assume...its from the WALL STREET JOURNAL. If you have a problem with the article you should take it out on them. I never see you post anything with any credible source. Why don't you try that once and a while. Or do I need to smack you around like yesterday.

        • Posted By: Alvy @ 06/25/2008 3:23:56 PM

          You? Smack me? Hahahaha!
          C'mon N-word lover. You cried like a baby, got mad, ran, almost apologized - then cried some more.
          My mom always said stay away from, be weary of, or laugh at:

          Political obsessives
          Religious fanatics
          People who can't make up their own minds.
          Bigots who lie for PC.

          Now blogging: Alvy, sniff, you're just lying about my being a bigot and everyone, sniff reading it, sniff boo-hoo. I only said it once, sniff, boo-hoo. You and Hottie, sniff, wimper, just made it up.

          God! I love you PC bigots

          Hahahaha! Slap me around some more idiot.
          Hahahahaha!

          • Posted By: Zombiehero @ 06/25/2008 3:27:21 PM

            Aww just a good momma's boy aren't you... my momma....my momma....sounds like your the waterboy.

            Why yes you are lying. Keep on lying, lilke a good Obamaboy. He must really be your role model, all you do is lie and race bait.

            I bet you love it when guys slap you around ha ha.

            • Posted By: Alvy @ 06/25/2008 3:36:12 PM

              Hey! What's wrong with being close to moms?

              • Posted By: Zombiehero @ 06/25/2008 3:44:01 PM

                Hey if that's how you role.... to each his own.

                • Posted By: Alvy @ 06/25/2008 3:52:50 PM

                  You hate your mom too? That explains it.
                  Never trust a person who hates their mom.

                  • Posted By: Zombiehero @ 06/25/2008 4:12:11 PM

                    Hey just because I don't "love" my mom like you do, doesn't mean we don't get along great. Where you from Kentucky?

                    • Posted By: Alvy @ 06/25/2008 5:19:59 PM

                      Downtown Boston bred, born and educated.
                      Go Sox!
                      Celtics pride.
                      Tom Brady will not have a bum ankle next year (as good an excuse as any).
                      Bruins took Montreal to 7.

                      The sports Mecca.
                      But there is big hair on the outskirts, and Connecticut.

                      • Posted By: Zombiehero @ 06/25/2008 5:33:05 PM

                        No wonder you hate me so much. Your still mad cause the Pats lost. Ha ha ha ha GO BIG BLUE!!!
                        Your just a sore loser.

                        • Posted By: Alvy @ 06/25/2008 5:48:21 PM

                          That's not nice zero. That hurt.
                          I didn't go there with you man. That's way below the belt. Sniff. Snoooooooort!
                          Give me a tissue, sniff.

                          • Posted By: Zombiehero @ 06/25/2008 6:06:01 PM

                            It's ok there is always next year for the Pats to lose again.

                            • Posted By: Alvy @ 06/25/2008 6:53:06 PM

                              The G-Men beat a injured team zero.
                              They fell into a superbowl - they didn't win. They'll be lucky to be 500 next year.

                              • Posted By: Zombiehero @ 06/25/2008 9:31:51 PM

                                Yeah use whatever excuse you want... your team lost

            • Posted By: Alvy @ 06/25/2008 3:34:57 PM

              I bet you going to post you didn't call me boy too hey Mr. Bigot.
              Maybe it was a slip. A mis-blog.
              Hahahaha.
              What an idiot.

              • Posted By: Zombiehero @ 06/25/2008 3:43:28 PM

                You are a boy trying to act like a man. Trying to act all tough.
                Why where you going to try and call it racist too? Always the race baiter....

                • Posted By: Alvy @ 06/25/2008 3:55:00 PM

                  Actually, I'm a black man that you are calling boy. And instead of apologizing for it, you plant your tongue firmly in your cheek - and do it again. Kinda Imus-eque isn't it nazi?

                  Is it the metal music?



                  • Posted By: Zombiehero @ 06/25/2008 4:15:32 PM

                    I don't care what you are, your a race baiter. Yes you are a boy because you act like your 13 years old. Have to go back to your momma jokes huh? Go ahead try and twist it to your liking. It will never change that fact that you are a hater and race baiter.
                    Lol Calling me a Nazi? Couldn't think of anything better than that? That's so 9th grade....fits cause your only 13.
                    Yes love the Metal, but right now I'm listening to Tori Amos....so go ahead say something derogatory about that too.

                    • Posted By: Alvy @ 06/25/2008 5:21:07 PM

                      Tori Amos is probably your biggest sin.

                      • Posted By: Zombiehero @ 06/25/2008 6:06:39 PM

                        So you hate women now too? Why?

                        • Posted By: Alvy @ 06/25/2008 6:53:54 PM

                          Tori Amos?
                          Hey she's no Hillary Clinton.
                          Now there's a fine woman.

  • Posted By: Zombiehero @ 06/25/2008 2:41:38 PM

    We need a new Ross Perot. I miss those charts.

    • Posted By: metzlerd @ 06/25/2008 10:16:44 PM

      How about a Dick Cheney?

      • Posted By: Zombiehero @ 06/26/2008 6:33:45 AM

        Screw him, he can go back to whatever rock he crawled out of.

  • Posted By: imfalcon@gmail.com @ 06/24/2008 9:02:27 PM

    Both have managed a complex organization where they needed to focus the resources available to get the desired results. Both have managed their campaign, and indeed Mc Cain did a very poor job at it, his campaign was broke last year. Obama on the other hand have run that organization rather smoothly, he knew where to focus the resourced he had on hand to get the desired result - the nomination..

    • Posted By: WhenStarsTurnBlue @ 06/24/2008 10:26:45 PM

      McCain's campaign isn't broke, and obviously he succeeded, as he's the nominee.

      Obama's campaign recently put porti-potties on a police memorial:

      http://www.policelink.com/news/26729-obama-uses-police-memorial-for-porta-potties

      So I don't know if I would view his campaign as being well run.

      • Posted By: AmeriKhan Lobo @ 06/26/2008 1:48:16 AM

        You mean the City of Portland allowed the campaign to set up the porta potties on a memorial site. I wouldn't doubt if the city officials told them to put the portapotties there. Blame it on the city of Portland

      • Posted By: Alvy @ 06/25/2008 11:42:36 AM

        Did Obama call his wife names in public?
        How about the 115mill?
        Keating?

        • Posted By: Pia1981 @ 06/25/2008 1:11:45 PM

          Yes, he did call his wife names in public. He also calls his aides names.

          • Posted By: Alvy @ 06/25/2008 1:50:58 PM

            The aide thing was priceless. How come the Reps don't pick on that?

            • Posted By: Pia1981 @ 06/25/2008 1:57:22 PM

              The Reps are known for their cover-ups.

              • Posted By: Alvy @ 06/25/2008 3:38:09 PM

                People are known for cover-ups. That's why we're careful.

                • Posted By: Pia1981 @ 06/25/2008 11:07:57 PM

                  I have no cover-ups.

        • Posted By: sharenews @ 06/25/2008 7:50:17 PM

          Believe it or not, people have gone on to be President of the US even though they have been known to be hot headed at times and have taken things out on their wife or aids. It obviously is not something that people that support McCain factor into this man being POTUS. Take a look at temperment of past POTUS::

          http://www.kevinbaker.info/c_ttt.html

  • Posted By: eddiewhere @ 06/26/2008 1:34:16 AM

    LACK OF BUSINESS EXPERIENCE. THIS IS AN ASSET.
    McCain is a good guy however he promotes misguided policies. THE BIGGEST BEING THE IRAQ WAR.
    JUST LIKE HILLARY HE JUST DOESN"T GET IT. THE AMERICAN PEOPLE WANT OUT OF IRAQ. THE IRAQ WAR IS WHAT GAVE OBAMA A VICTORY IN IOWA. McCAIN is going to get SMOKED in this election unless he changes his stance on IRAQ.

    "NO AMERICAN LIFE IS WORTH IRAQI FREEDOM.
    ANYONE WHO DISAGREES IS NOT A REAL AMERICAN" eddiewhere 2008

    There is this argument out there that I hear our troops repeating over and over agian. WE CANNOT LEAVE UNTIL THE JOB IS DONE WE CANNOT LET OUR BROTHERS DIE IN VAIN.

    NOW THAT IS REAL BUL****. THAT STATEMENT IS GOVERNMENT IDEOLOGY AND NOT MILITARY IDEOLOGY.

    COLIN POWELL SAID IT BEST. DEFINE YOUR MISSION CLEARLY SET YOUR OBJECTIVES AND USE OVERWHELMING FORCE AKA SHOCK AND AWE to accomplish your mission.

    WE HAVE NO CLEAR AGENDA and NO CLEAR OBJECTIVES. WE ARE NOT SURE. SO HOW ON EARTH CAN WE JUSTIFY THE LOSS OF MORE AMERICAN LIVES. AS LONG AS WE STAY IN IRAQ YOUNG AMERICANS WILL CONTINUE TO DIE IN VAIN. WE THE AMERICAN PEOPLE HAVE MADE OUR POINT VERY CLEAR. WE ARE SICK OF IRAQ AND WE ARE SICK OF OUR DEPENDENCY ON MIDDLE EASTERN OIL.

    OBAMA WILL BE THE NEXT PRESIDENT OF THE UNITED STATES.

    THE LAST FALLACY I WANT TO ADDRESS IS THAT THE SURGE IS WORKING.

    THIS ARGUMENT IS SO CRAZY THAT IT IS HARD TO EXPLAIN.

    SURGE means temporary. OUR TROOPS PRESENCE IN THAT COUNTRY OF IRAQ IS THE MAIN REASON FUNDAMENTALIST HAVE FOR ATTACKING US.

    WE NEED A PRESIDENT THAT WILL DO WHAT IS BEST FOR AMERICA NOT WHAT IS BEST FOR IRAQ.

    THE LATEST FALLACY IS THAT WE SHOULD STAY UNTIL WE WIN. WE HAVE ALREADY LOST.ESPECIALLY THE AMERICAN TAX PAYER and those poor AMERICAN SOLDIERS WHO LOST THEIR LIFE FOR NO LEGITIMATE REASON. THE BLIND JUST CANNOT SEE THAT.

    THERE IS ONE CLEAR WINNER IN THIS WAR, HALLIBURTON AND OTHER PRIVATE CONTRACT FIRMS WHO FUNNELED BILLIONS OF DOLLARS, WITH THE HELP OF DICK CHENEY, FROM THE AMERICAN TAX PAYER.
    LAUTENBERG REPORT CHECK IT OUT.

    YES OBAMA DOES HAVE BIG LEAD AND IT WILL GET EVEN BIGGER BECAUSE McCAIN WANTS TO STAY IN IRAQ.

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