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. 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
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 it will blow you away
http://www.youtube.com/watch?v=r36Xc0GG4iQ
Big Ideas From Boring Old Stump Speeches
Today's throwaway campaign lines often wind up as tomorrow's best programs.
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Podiatry? Yes, podiatry. On this evening in Perry, Iowa, the presidential candidate is passionate about the issue, and connecting with the audience. The topic is the perverse incentives of a health-care system that pays for intervention instead of prevention. Why, the candidate asks, do insurance companies pay for an expensive operation to amputate the foot of a diabetic, but won't reimburse for cheaper preventive visits to a podiatrist that could make surgery unnecessary?
That's Hillary Clinton, right? Yes, but Republican Mike Huckabee also routinely tells this podiatry story to make the exact same point. John Edwards, Barack Obama and the other Democratic candidates are also talking about the backward economics of the health-care industry. Check back in a couple of years and it's a good bet more insurance companies will be reimbursing your local foot doctor for treating diabetics, and the number of amputations may even decrease. That will be a sign that a major transformation of the health-care system toward prevention is underway, courtesy of our much-maligned presidential campaigns.
It is the Law of Unintended Campaign Consequences. Amid the endless polls, attack ads and silly flaps, a strange dynamic is at work. Secondary issues—often stump-speech afterthoughts—can work their way into the political bloodstream and yield larger results than the issues that seem to be the major concerns of the day. The originators of these ideas don't always win the election, but they leave us something important to remember them by.
There's a long history of seemingly minor statements from the campaign trail resonating far beyond Election Day. During the 1960 Democratic primaries, Minnesota Sen. Hubert Humphrey talked about a bill he had proposed that was going nowhere. The idea was to send idealistic young Americans overseas to help in the developing world. Humphrey lost the nomination to John F. Kennedy, who featured Humphrey's notion in a speech that he gave at the University of Michigan. After JFK became president, the idea reached fruition as the Peace Corps.
In 1976 former Georgia governor Jimmy Carter was the first to use the Iowa caucuses as a springboard to the White House. His message was "a government as good as its people," and buried in his remarks was a vague reference to matching progress on domestic civil rights with a new emphasis on human rights abroad. After he won, this became the cornerstone of his foreign policy and, three decades later, human rights remains central to today's debate.
When Bill Clinton was roaming New Hampshire in 1992, trying to distract himself from his troubles with Gennifer Flowers and his draft record, he often waded deep into policyspeak. His aides rolled their eyes when he mentioned something called the "earned income tax credit," a minor Reagan-era program to help the working poor keep a little more of their wages from the IRS. But by the time President Clinton's term ended, the EITC was one of the most powerful anti-poverty programs in American history, lifting millions into the middle class.
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