The Bush Depression
In 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.Bush created a national debt larger then the first 42 presidents combined
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 isnt obama 25 points ahead
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.
Let's teach him we are smarter than that .
31 states are voting now, dont wait
Elect Obama Biden 2008
Check out this video of sarah palins interview before you vote
http://www.youtube.com/watch?v=r36Xc0GG4i
Health: The Way to Save Millions of Lives is to Prevent Smoking
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Every day around the world, tragedies occur that are entirely avoidable: siblings burying siblings, spouses burying spouses, and children burying parents—all of them dying before their time. What is the leading cause of these preventable deaths? Is it tuberculosis? AIDS? Malaria? Each receives a great deal of media coverage along with hundreds of millions of dollars in funding—and rightly so. But there is another deadly epidemic that kills more people than all three diseases combined, and until recently, it received almost no public attention: tobacco use.
Tobacco has become the world's leading cause of death. How many deaths are we talking about? Picture a college basketball arena filled to capacity. Roughly that many people—14,000— die every single day from smoking tobacco. If we do nothing, tobacco may kill 1 billion people by the end of this century.
But only if we do nothing.
In New York, we have seen how effective anti-smoking programs can be. In 2002, I signed a law prohibiting smoking in all workplaces. There was a huge outcry, but then something happened: people loved it. Bars and restaurants saw their business increase. Waitresses kissed me and told me I had saved their lives. And pretty soon, cities and states around the country—along with England, Ireland, France, Italy and other countries with high rates of smoking—began passing similar laws. Along with the smoking ban, we raised cigarette taxes in New York, ran hard-hitting public-education campaigns and provided free nicotine patches. The result? After 10 years of seeing no decline in smoking, we've cut smoking rates by 21 percent—and we've cut teen smoking by more than 50 percent. There are 300,000 fewer smokers in New York City than there were six years ago.
While tobacco use is now declining in New York and some industrialized nations, though, it is growing in countries like Russia and Indonesia. More than 80 percent of tobacco deaths in the coming decades will be in developing countries, including China and India. But in talking to philanthropists and public-health experts, I realized that public-health dollars were tied up fighting other causes of death, and almost no funding existed for fighting tobacco.
Two years ago, I decided to change that. Building on an international tobacco-control treaty, I committed $125 million to a new global effort to reduce tobacco use (since raised to $375 million). Bill and Melinda Gates have joined this effort with their own $125 million commitment. And in partnership with the World Health Organization, we have developed a strategy called MPOWER, which includes six solutions that have been proved to save lives:
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