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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Monitor tobacco use and prevention policies. I always say, "If you can't measure a problem, you can't manage it." To determine the effectiveness of our efforts, it's essential to monitor which countries adopt which strategies—and how those policies affect smoking rates.
Protect people from second-hand smoke. Smoke-free environments are the only proven way to protect people—and as we have found in New York, they are popular, they improve health and they're good for business.
Offer to help people quit. Most smokers want to quit but find it hard to stop. Counseling and medicines—such as nicotine patches and gum—can triple the success rate.
Warn about the dangers of tobacco. Despite clear scientific evidence, relatively few tobacco users fully appreciate the extent of the health risk. Together with hard-hitting ad campaigns, large graphic warnings on cigarette packs help smokers quit.
Enforce bans on tobacco advertising, promotion and sponsorship. Such bans can help counter the billions of dollars the tobacco industry spends on marketing activities each year. Partial bans and voluntary restrictions have little or no effect.
Raise taxes on tobacco. This is the most effective single way to reduce smoking, particularly among the young. Besides creating a disincentive, these taxes generate the revenues needed to fund programs and advertising campaigns that help people quit.
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