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
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Big Ideas From Boring Old Stump Speeches
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In 2000, millionaire publisher Steve Forbes ran for president. Forbes was a weak GOP candidate, but he started getting traction in the polls with his flat-tax proposal. George W. Bush felt obliged to match it, though the Texas governor himself had little interest in tax cuts for the very wealthy. The result was the plan for steep tax cuts for upper-income Americans enacted in 2001. Sometimes it seems everything in politics is connected to everything else. Seven years later, every Democratic candidate now wants to repeal those same Bush tax cuts and use the money to finance health-care proposals. We take this for granted now, but the center of gravity shifted on raising taxes when hardly anyone was looking.
Education is another area ripe for sleeper issues. In early 2007, when he was an asterisk in the polls, Huckabee distinguished himself from the rest of the Republican field in part by discussing the importance of art and music education in the schools. He explained how right-brain development is important not just to enrich the lives of students but to inspire the creativity necessary to help the United States keep its edge in the global economy.
At about the same time, New Mexico Gov. Bill Richardson sounded the same note in his stump speech as part of his call to end No Child Left Behind. Huckabee's surge has little or nothing to do with this fresh idea, and it won't resurrect Richardson's campaign. But both Clinton and Obama now mention the subject by way of explaining why they think No Child has tilted too far in the direction of testing. It's a strong applause line. Don't be surprised if a lot more money for art and music turns up in an education bill a couple of years from now.
The lesson is that some of what's said in presidential politics really matters, even if the candidate saying it doesn't win. So the next time you see a contender bloviating on TV about some minor thing, stop and listen. That little proposal he's mentioning might be pilfered by another candidate, one who winds up in the White House. Then watch what happens when the throwaway line you heard months or years earlier leaves a footprint so deep, even a podiatrist would be impressed.
© 2007
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