n a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.
McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?
The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.
He believes people will vote against their own interests.
Let's teach him we are smarter than that .
Elect Obama Biden 2008
Check out this video of sarah palins interview it will blow you away
http://www.youtube.com/watch?v=r36
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Four years after his generally supine performance as presidential candidate, Kerry opened up the most blistering line of attack used on McCain all week. He made it work so well that you have to wonder how all the other speakers could have missed it. Problem: Sen. John McCain is a war hero with a maverick reputation. Solution: Explain to world that "Senator McCain" has left the premises, having been replaced by "Candidate McCain," a doctrinaire, Bush-backing, flip-flopping vote-monger. Kerry drew specific and damning contrasts between Senator McCain and Candidate McCain on issue after issue, including his use of the Rovian character assassination that had once been used against him. Plus this little gem: "Talk about being for it before you were against it." Kerry, Kerry, we hardly knew ye.
But he was still getting warm. Kerry said that McCain had stood on an aircraft carrier and called for war with Baghdad three months after 9/11, but that Obama had foreseen all the calamitous fallout of such an invasion. "Well, guess what?" he said. "Mission accomplished." That may just be a tart little jab, but Kerry landed a more important punch when he pointed up to the flag and said, "This election is a chance for America to tell the merchants of fear and division: You don't decide who loves this country. You don't decide who is a patriot. You don't decide whose service counts and whose doesn't." Fueled by palpable resentment about the attacks against him in 2004, he was championing a kind of outspoken liberal patriotism not much in evidence this week, and he inspired a round of "USA" chants heard even less often. In 13 splendid minutes, the speech traced the outlines of a vastly different convention: tough-minded, flag-draped and sharp to the point of belligerency. By the time the Republicans are done vivisecting Obama last week, they may have wished they hadn't waited until day three to start using it.
In theory, attacks like Kerry's are the sort of dirty work that Joe Biden is on the ticket to supply. Yet the man behind the deathless "noun-verb-9/11" swipe at Rudy Giuliani proved less effective at attacking McCain last night. Announcing your friendship with McCain has become a kind of throat-clearing gesture for Democrats, but Biden pushed too far, talking about their travels together around the world, saying, "It's a friendship that transcends politics." Once a kinship that close is on the table, calling the man "complicit in [Bush's] catastrophic foreign policy," etc., etc., starts to sound disloyal.
If the attacks were a letdown, though, the biography was superb. Biden's son Beau, headed shortly to Iraq with the National Guard, offered a genuinely moving introduction that left many in tears—even Biden himself seemed on the verge, when he appeared. The speech that followed was, in some respects, an ill-constructed mess. But it was a mess from the heart, a bounce-back effort from a guy who could have had this shot 20 years ago, until he blew it. In tone it did more than any other speech this week to evoke—with affection—the world of rubber-chicken dinners and VFW hats, a Democratic Party that doesn't fit so cozily on the shiny stage of Pepsi Center. Biden can't help but give that speech, because that's who he is and where he comes from. He also needs to give that speech, because voters want to hear it, and his running mate couldn't give it if he had a million years to try.
Obama's surprise appearance after Biden's speech put an energizing little bow on the evening. More importantly, it was so strategically inspired that you can almost forgive the banality of much of the first two nights. Obama's tone—friendly wave, hug the Bidens, "I think we are gonna have a great night tomorrow night"—was velvet glove. But the mere fact of showing up was iron fist. It was an elegantly simple way to let everyone inside and outside the hall know that all the gifted folks and party elders who did such impressive things for themselves and their party last night—Kerry and Biden, the senators and congressmen, both of the Clintons— have a new leader now, and he's it.
© 2008
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