Holding Steady

THE GREAT BUSH DEPRESSION
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
He perfectly predicted the current meltdown and the picture he paints about what will happen next
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 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 seen in generations
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 how its been broken.
It is no surprise that he doesn't. The people that make up these securities use quantum 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 was the last to know somthing 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 budget 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
Stand up and hold them accountable
Bush isn't on the ballot this year but his policies are
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

fter 9/11, the US government started rounding up Muslims without cause and without due process of law, like we did to the Japanese Americans in WWII. The Bush administration called it's main internment camp Guantanamo Bay. While there are certainly many guilty terrorists held in Guantanamo, there are also many innocent American citizens who have been held illegally for years without even being charged with any crime. They have been tortured by our government. Some of them have died.

Recently the Supreme Court ruled against the Bush administration in the matter of Guantanamo Bay. The Supreme Court Justices were NOT on the side of the terrorists. They were on the side of the Geneva Convention, that says you can not torture POWs, and on the side of US laws that state you can not imprison a person without charging them with a crime and bringing them to trial. I'm sure that like most Americans, the Justices who voted against the illegal, immoral doings at Guantanamo didn't feel sympathy for the terrorists. They felt sympathy for the laws of AMERICA, the land of the FREE, where even rat finks get a fair trial.

Meanwhile, back in Iraq, the Bush administration is busy trying to build a smokescreen to hide the CRIMES they have committed. Those pesky weapons of mass destruction. Just think, the National Debt went up over 6 trillion dollars under Bush. More than 2 TRILLION of it went directly into the pockets of Halliburton, a corporation owned by the Cheney family. Halliburton is now a DUBAI corporation and therefore is not subject to US taxes. All that money they took out of the US Treasury is going into the coffers of a MUSLIM country.

Did you hear about how the US government is being charged millions for Halliburton deliveries of sand into Iraq from Kuwait? Sand. Like there is a shortage of sand in Iraq? Another contractor shipped sand from Idaho to Iraq at our expense. Nobel prize winning economist Joseph Stiglitz discusses these and other excesses of our current government's out of control spending in Iraq.

Your grandchildren will be working like slaves to pay off this debt, so that the Bushes and Cheneys can live the high life in Dubai.

Yeah, they're patriots, Bush&Co. They wear flag pins. And hide the money they stole from America in Dubai.

And they want me to believe that Obama is a socialist. Right.

In case you think McCain is any different than Bush, watch this:

http://www.youtube.com/watch?v=PdJUCU1UH2w

fter 9/11, the US government started rounding up Muslims without cause and without due process of law, like we did to the Japanese Americans in WWII. The Bush administration called it's main internment camp Guantanamo Bay. While there are certainly many guilty terrorists held in Guantanamo, there are also many innocent American citizens who have been held illegally for years without even being charged with any crime. They have been tortured by our government. Some of them have died.

Recently the Supreme Court ruled against the Bush administration in the matter of Guantanamo Bay. The Supreme Court Justices were NOT on the side of the terrorists. They were on the side of the Geneva Convention, that says you can not torture POWs, and on the side of US laws that state you can not imprison a person without charging them with a crime and bringing them to trial. I'm sure that like most Americans, the Justices who voted against the illegal, immoral doings at Guantanamo didn't feel sympathy for the terrorists. They felt sympathy for the laws of AMERICA, the land of the FREE, where even rat finks get a fair trial.

Meanwhile, back in Iraq, the Bush administration is busy trying to build a smokescreen to hide the CRIMES they have committed. Those pesky weapons of mass destruction. Just think, the National Debt went up over 6 trillion dollars under Bush. More than 2 TRILLION of it went directly into the pockets of Halliburton, a corporation owned by the Cheney family. Halliburton is now a DUBAI corporation and therefore is not subject to US taxes. All that money they took out of the US Treasury is going into the coffers of a MUSLIM country.

Did you hear about how the US government is being charged millions for Halliburton deliveries of sand into Iraq from Kuwait? Sand. Like there is a shortage of sand in Iraq? Another contractor shipped sand from Idaho to Iraq at our expense. Nobel prize winning economist Joseph Stiglitz discusses these and other excesses of our current government's out of control spending in Iraq.

Your grandchildren will be working like slaves to pay off this debt, so that the Bushes and Cheneys can live the high life in Dubai.

Yeah, they're patriots, Bush&Co. They wear flag pins. And hide the money they stole from America in Dubai.

And they want me to believe that Obama is a socialist. Right.

In case you think McCain is any different than Bush, watch this:

http://www.youtube.com/watch?v=PdJUCU1UH2w

People on these bogs are fond of saying that the current economic meltdown was caused by Fannie Mae and Freddie Mac underwriting bad mortgages. While Fannie and Freddie obviously are guilty of writing bad mortgages, and worse, guilty of lobbying Congress to allow them to do so with impunity, their actions are just a small piece of the puzzle when it comes to determining who (or what) caused the financial crisis we face today.

In 1929 the stock market crash caused the banks to fail, because the banks were in bed with the stock market. Back then, banks owned investment houses, so when the stock market fell, the banks fell too. This triggered the Great Depression. So in 1933 the Congress wrote laws that regulated banking, making it illegal for banks to own investment companies, mortgage guaranty companies or insurance companies. The idea was to keep key industries separated by a fire wall, so that if one industry failed the whole economy would not go down in flames.

But the Republicans under Bush deregulated the banking industry. Senator Phil Gramm wrote legislation (the Gramm Rudman Act, the Gramm Leach Biley Act, etc.) that stripped away the regulations in the financial and insurance industies. He pushed them through the Republican Congress and they were signed into law by Geo. W. Bush. John McCain voted in favor. Everybody said how great it is to deregulate and create free markets.

Lehman Brothers, Bear Stearns and Merrill Lynch each gave over a million dollars to Senator Gramm's re-election campaign.

The economic collapse that happened later was a direct result of the deregulation, and here's how: the banks wrote bad mortgages, then bundled the mortgages into investment vehicles that they sold all over the world, and they even got firms like AIG to insure the investments. It was all a house of cards.

If there had been no deregulation, sure we would have had a bunch of bad mortgages, and the mortgage guaranty and real estate industries would have suffered, but there would not have been a global financial meltdown, since the problem would have been contained in one sector of the economy. You can thank Geo W. Bush, Sen. Phil Gramm and Sen John McCain for the meltdown, since they were strong proponents of deregulation.

Furthermore, although Fannie and Freddie are now holding the bulk of these bad mortgages, Fannie and Freddie did not originally write most of these mortgages. They bought them after the fact, bundled by banks/investment companies. Fannie and Freddie got screwed by the Wall Street fat cats. And so did you, if you pay taxes.

What is Phil Gramm doing today? He works as a lobbyist in Washington, trying to make it legal for the Swiss bank he represents to sell Death Bonds in the United States. Nice guy, Phil Gramm. Incidentally, John McCain has said that he wants to appoint Phil Gramm as Treasury Secretary. Some people just can't learn from their mistakes.

loriw is busy with her robo-posts. She hasn't said a truthful word yet. A typical repuklican. I wonder what she will say on November 5.

See Barney Franks comments on the news, including face the nation last week, stating that Democrats in Congress intend to greatly raise taxes and go on a spending spree.

http://www.youtube.com/watch?v=u1Mazjm_A5k

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

See http://www.taxfoundation.org/blog/show/23617.html


And again what was Frank saying at roughly the time McCains attempt at S.190. in 2005 to fix Fannie and Freddie.

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

"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

So which party is really the liar that soaked the American people?

See also: http://www.cbsnews.com/stories/2007/01/08/politics/main2335631.shtml

One thing that Newsweek discussed early on in the campaign was that Obama wanted to hear from ALL sides and not just what his staff thought that he wanted to hear. He was at the top of his class and he listens. We haven't had much of that the last 8 years except perhaps listening to Karl Rove and associates. McCain says he is ready but America doesn't need another one that shoots first and then perhaps asks questions. And I'm ready for someone in top of his class instead of at the bottom as McCain was.

What do you really know about Obama's economic philosophy? Since he has never run a town, state or business, he has no record to look at. Oh, he has made lots of promises, but given that he broke his promise to be limited to public campaign funds, you cant put much faith in that, and there will be no means to keep those promises anyway.

But you do know that Obama, along with his democratic buddies in Congress, personally and professionally advocated for a residential housing policy favoring forced sub-prime lending, which subsequently resulted in massive defaults and foreclosures, leading to your loss of significant equity value in your home, to the point that it destabilized your banks, which panicked the stock market, which wiped out your savings.

Look and listen to Obama for yourself. Obama in this video, addressing his community activist work and his work representing ACORN in litigation against the banks and relating to the Community Reinvestment Act, and addressing the failure of Freddie Mac and Fannie Mae as those actions relate to the destruction of our economy by causing the current real estate and subsequent financial crisis, states that, and I quote:

"Subprime lending started out as a good idea, helping Americans buy homes who previously could not afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories, and spread them out among investors and around the country, as well as around the world. In theory, this should have allowed mortgage lending to be less risky, and more diversified."

Acknowledging the catastrophe, but as apologist for the Democrats, Obama then offers this justification.

"The original idea was a good one, which was, lets see if we can distribute risk more broadly, and make it easier to provide loans to people who otherwise might not be able to get one."

Yah, great idea. Economically unsound, but embraced by Obama. Listen for yourself. You cannot dispute the mans on words recorded live:

http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related

Below is a link to C-SPAN video clips of the Congressional hearings at roughly the time McCains attempt at S.190. to fix Fannie and Freddie. See for yourself who said what.

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

"Barack Obama's campaign killed all interviews with a Florida TV station after Sen. Joe Biden, the Democratic vice presidential nominee, faced tough and critical questions from a reporter at the Orlando station, the Orlando Sentinel reported. In a communication which serves to put all other media on notice that an Obama administration will exercise media blackmail in response to tough questioning, the Obama camp killed a WFTV interview with Biden's wife Jill, according to an Orlando Sentinel blog.

"This cancellation is non-negotiable, and further opportunities for your station to interview with this campaign are unlikely, at best for the duration of the remaining days until the election," wrote Laura K. McGinnis, Central Florida communications director for the Obama campaign, according to the Sentinel.

http://blogs.orlandosentinel.com/entertainment_tv_tvblog/2008/10/obama-campaign.html

See the interview: http://www.youtube.com/watch?v=sQXcImQfubM

Have we had been enough duped by lies in last 8 years? Have we had been enough misled in the last 8 years? For the nest 4, 8, or even 16 years, do we still want to be duped again and again by lies? Do we want to be misled by a president who, for the sake of pandering votes, has kept pulling out a few words out of his opponent???s context, distorting the facts, and then misleading voters by his own interpretation?

THE GOVERNMENT'S 2 WARS ARE [NOT FINANCED BY THE USA] BUT BY STILL VERY ....

[COMMUNIST SOCIALIST- RED CHINA] !!!

QUESTION: IS PRESIDENT BUSH A [SOCIALIST COMMUNIST SYMPATHIZER] ?


BECAUSE IF WE ARE THIS TRULY SELF SUFFICIENT & TRUE WORLD MONEY POWER....

WHY ARE WE NOT FINANCING OUR [2 WARS], OURSESELVES, WITH OUR OWN MONEY ?

THAT IS WHAT [INDEPENDENT COUNTRIES] DO ...

OR WHY ARE WE NOT BORROWING MONEY FROM OUR ALLIED NATIONS, OPPOSED TO A STILL VERY ....

[COMMUNIST-SOCIALIST COUNTRY] LIKE [RED CHINA] ....HMMM

-----------------------------------------------------------

WOULD'NT THAT MAKE THE US GOVERNMENT [SOCIALIST-COMMUNIST] ALSO...

AND THE BUSH ADMINISTRATION [SOCIALIST-COMMUNIST] AS WELL...

THIS [SOCIALIST-COMMUNIST] ACT MUST BE A TITLE OR TAG OF CONVENIENCE OR IS INTERCHANGEABLE, DEPENDING ON WHOSE USING IT TO HIS OR HER NATION'S ADVANTAGE OR DISADVANTAGE....

I'M STUMPED

I BELIEVE WE LIVE IN A ...

MILITARY RAN, CAPITALIST, SOCIALIST, SOME WHAT RELIGOUSLY TOLERANT COUNTRY.....

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IF THATS WHAT SOME OF YOU CALL [DEMOCRACY] SO BE IT.

McCain's Top Financial Adv. Says [He Will Raise Your Taxes]

http://www.time-blog.com/swampland/2008/09/the_mccain_tax_increasescontin.html

McCain Top Economic Adviser: [McCain Will Raise Taxes] ...Fact !!!

"Whether you're a Republican, Democrat President or a Martian, Taxes will be Raised"

Though Mccain has said Throughout his campaign

"I will Not, Raise Your Taxes"

His Top Economic Adviser says that a LIE....

Obama will Raise Taxes on those that make More than 250,000...

The 250,000 per year and Under, will have a Tax Break and Tax Cut.

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Douglas Holtz-Eakin, a former Director of the Congressional Budget Office and current chief McCain economic advisor, is an honest man--which means he's something of a liability on the Straight Talk Express. A few months ago, he admitted to my colleague, Michael Scherer, that Barack Obama's economic plan would reduce taxes for most people.

And now, in a forthcoming book by Fortune columnist Matt Miller, he makes it clear that the next President is going to have to raise taxes.

"If you do nothing on the spending side, you're going to have to RAISE TAXES whether you're a Republican, a Democrat or a Martian," he tells Miller...and then he immediately makes it clear that the "spending side" part of the argument is nothing more than a ...............

"POLITICAL FIG LEAF".

--------------------------------------------------------

YOU REPUBLICANS ARE SUCH GULLIBLE FOOLS...MCCAIN WILL RAISE YOUR TAXES...PERIOD

TAXES WILL BE RAISED...PERIOD...

2 WARS AT THE COST OF BILLIONS, HIGH UNEMPLOYMENT, RECORD HIGH FORECLOSURE RATES, THE BIGGEST WALLSTREET BAILOUT EVER, INFLATION, ILLEGAL IMMIGRATION, OVER POPULATION, ALL LEAD TO MORE [TAXATION] !!!

THE SPENDING END IS A ..BIG JOKE !!

SIMPLE, DAMN !!!

This election is over and Obama won. Wishful thinking can't elect McCain. Nothing short of a miracle can do that.

This election is over and Obama won. Wishful thinking cannot elect McCain President, nothing short of a miracle can do that.

Obama is holding steady in the News Week polls. It???s a shame the polls are not reliable.
The silent majority will come through. Beside folks we should elect Obama to a new position called the ???Secretary of Death. He is a baby killer, a morale killer, a truth killer, an economy killer, a defense killer, a security killer etc. etc.

It ain't over until the fat lady sings. New flash to the media: for God's sake, quit publishing outdated pictures of Obama trying to portray him much more youthful than he is. Only weak minded and easily manipulated voters fall tor that baloney. On the other hand, Obama is counting on the weak minded and easily manipulated. His entire campaign has been based on baloney slicing.