There Is a Silver Lining

Don't you dare speak for all of us Americans. Many of us have not bought McMansions or been overloaded with debt. Many of us did not support the Iraq war, or the Patriot Act, or the torture, or any number of actions the Bush administration has taken.

But we have not been covered by the corporate media. Remember, Bush was not officially elected in 2000.

The media has been a cheerleader for the Bush administration these past eight years.

And by the way, your comment about Obama's advisors was not a plus. Most of them were involved in deregulation , which put us into this mess in the first place. Why would I trust those advisors?

You did not mention that jobs have been outsourced and the median income of Americans has not risen for years. Wealth has been transferred to the top 1% of income earners, which I assume you are part of.

I made a concise review of Warren Buffett's interview with Charlie Rose, which you can find here: http://mathoda.com/archives/433

It is my goal to get in touch with someone from the Obama campaign and share with them my desire to be a part of his inauguration by reciting a poem I wrote called ???We Must Change,??? and I kindly ask for your help in doing so.
Go to youtube and do a search for "thinkverybig" and watch all of those videos. The one called "We Must Change" would be fitting to recite at Obama's Inauguration
http://www.youtube.com/watch?v=EM58nqX1ehE

Here are the words! http://www.thinkverybig.com/We%20Must%20Change.htm


"I Don't Understand" video
http://www.youtube.com/watch?v=VN_pGy_1bEg

It is my goal to get in touch with someone from the Obama campaign and share with them my desire to be a part of his inauguration by reciting a poem I wrote called ???We Must Change,??? and I kindly ask for your help in doing so.
Go to youtube and do a search for "thinkverybig" and watch all of those videos. The one called "We Must Change" would be fitting to recite at Obama's Inauguration
http://www.youtube.com/watch?v=EM58nqX1ehE

Here are the words! http://www.thinkverybig.com/We%20Must%20Change.htm


"I Don't Understand" video
http://www.youtube.com/watch?v=VN_pGy_1bEg

This link of a CSPAN video clip may help set the context, as these hearings were at the time of McCains attempt at S.190.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

"Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis"

The conclusion (???If we can learn the right lessons from this crisis, the United States will once more be playing by its own rules??? ), as is usual with Fareed???s otherwise excellent analyses, is so overly optimistic as to be borderline naïve. The very first lesson to learn is that, while in large part, yes, Americans will once mare play by their own rules, that???s only in large part, but not exclusively nor, for that matter, nearly-exclusively. For one thing, the position of the US dollar as the dominant reserve currency of the world, accounting for at least two-thirds of all countries??? store of value for their forex reserves, s gone forever. We will henceforth have either a number of such reserve currencies (Dollar, Yuan, Yen, Euro, maybe Saudi Riyal) or some fiat currency that will emerge from a redesigned SDR accounting unit currently used by the multilateral financial institutions. Additionally, since laissez-faire will imperatively be replaced, globally, by discretionary economic policy (fiscal policy, monetary policy, wage-price policy, trading rules), ???economic convergence??? will be need to be actively pursued by the various political/economic/military poles that will emerge in the new global geopolitical order and financial architecture. This will limit the freedom f the US to play by its own rules in disregard of other countries??? preferences and inclinations.

But then, again, the other part of Fareed Zakaria???s conclusion becomes even more true: ??? And that cannot be bad for us.???

Thank you Fareed. I enjoy your commentary. As for the incendiary remarks made by commenters , I am absolutely disappointed that civil discourse has gone away. Please people, some of the folks you are anonymously yelling at might be relatives or neighbors. Think about it like that, and then write from the heart, but do it with logic and without the name calling.

Amazing article! Thanks, Fareed.

Brilliantly expressed.

I am hoping that the crash of the mighty will reveal just how much was already in place ...ready to take its place - there are other ways to do business and people are quick to find them when the need calls for it.

I have faith in the ingenuity of us.

Namaste,
Tina Louise
Arms Against War

I am Martin Varsavsky, I write my own blog www.martinvarsavsky.net and I also write for the www.huffingtonpost.com. I also run www.fon.com the largest wifi network in the world. I just wanted to say that I am surprised that Newseek allows racist comments in its web site. Not only is this wrong but it makes for poor reading. Please hire a moderator and elevate the tone of the debate.

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 ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
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 didnt 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. Check out this link to the truth http://my.barackobama.com/keatingvideo
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 crashing 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 ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that .
Elect Obama Biden 2008


Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

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 ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
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 didnt 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. Check out this link to the truth http://my.barackobama.com/keatingvideo
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 crashing 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 ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that .
Elect Obama Biden 2008


Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

Mr. Zakaria:

Although infrastructure investment is wise, there's never a bad time to reduce the percent of GDP that government consumes. It's currently at 20%, which is the highest it's been in nearly two decades and it's unsustainable. Bush has been an abject failure in this regard, having never vetoed a spending bill during the first six years of his presidency.

To expedite our way out of this debacle, we should reduce our capital gains tax, corporate tax, and make the Bush tax cuts permanent, which will help recover lost jobs. The bottom 50% income earners in the US pay 4.5% percent of federal income taxes; the top 5% pay 55%, so the system is already steeply progressive, for everyone except arch-liberals.

And, yes, our individual savings/debt ratios are horrible, but that's a cultural matter, which is to say we've lost the virtue of discipline, which is also why 33% of us are overweight--slovenliness.

Have a look at my posts at: www.clearcommentary.com

Phil Mella

The Lie Clock

A man died and went to heaven. As he stood in front of St. Peter at the Pearly Gates, he saw a huge wall of clocks behind him.

He asked, 'What are all those clocks?'

St. Peter answered, 'Those are Lie-Clocks. Everyone on Earth has a Lie-Clock.

Every time you lie the hands on your clock will move.'

'Oh,' said the man, 'whose clock is that?'

'That's Mother Teresa's. The hands have never moved, indicating that she never told a lie.'

'Incredible,' said the man'. And whose clock is that one?'

St. Peter responded, 'That's Abraham Lincoln's clock. The hands
have moved twice, telling us that Abe told only two lies in his entire life.'

'Where's Presidential nominee Obama's clock?' asked the man.

'Obama's clock is in Jesus' office.

He's using it as a ceiling fan.