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Obama Announces Sweeping Washington Reform Plan

By Shailagh Murray
GREEN BAY, Wis. -- Sen. Barack Obama this morning will outline proposals to tighten federal ethics and contracting rules and bring unprecedented scrutiny to the legislative process, including through a new clearinghouse to assess corporate tax breaks.

The speech, outlining an 11-page "Plan to Reform the Greed and Excesses of Washington," builds on the regulatory overhaul for the financial services industry proposed last week by Obama. The Democratic nominee and his GOP rival, John McCain, have seized on the ongoing market crisis to show leadership and burnish their reform credentials. Under the new Obama plan, few realms of government activity would be spared. 

Obama's long list of proposed fixes includes several measures that could transform the way Washington operates -- assuming a President Obama could persuade a tradition-minded Congress to go along.

To curb the influence of lobbyists, Obama would force all bill writing to be conducted in public. Congress holds public hearings on legislation, and lawmakers debate and vote in the open, but the conference committees where final language is crafted meet mostly behind closed doors.

Obama also wants to create a new government agency "charged with identifying recipients of corporate subsidies and evaluating the effectiveness of these subsidies in promoting growth and opportunity." All corporate tax breaks also would be easily searchable on a government Web site, and if the new entity deems a provision to be a dud, it would be targeted for elimination. (Potential unintended consequence: Fighting off agency action would create a whole new line of business for those Washington lobbyists Obama so often derides.)

The Illinois senator also takes aim at government contracting, proposing new restrictions and guidelines that the campaign estimates could save $40 billion per year. But Obama would hire more contract managers, to keep track of how federal money is being spent.

The Office of Government Ethics, an advisory agency that currently holds no enforcement authority, would be given new authority and would act as a clearinghouse for all personal financial disclosures that appointees are required to file. It would track the careers of executive branch staff and record all contacts between political appointees and registered lobbyists.

Rank-and-file federal workers may not be spared by the Obama clean sweep. The Democratic nominee is proposing to "thin the ranks of Washington middle managers" and shift them to the "front lines." For instance, the campaign describes the need for more food inspectors at the Food and Drug Administration, nurses at Veterans Administration hospitals, air traffic controllers and border control agents.

By Web Politics Editor  |  September 22, 2008; 12:49 PM ET
Categories:  B_Blog , Barack Obama  
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Next: New Realities Will Scuttle Campaigns' Best-Laid Plans

Comments

Anyone notice the paucity of economists who think that the bailout will actually work?

Firstly, at what price will the Treasury buy back this toxic debt? Current pricing would indicate that this garbage has no market value in that no one wants to buy it. Even the bottom fisher scavenger funds are laying low.

The price paid by the Treasury has to be somewhere close to what the paper was originally purchased for...that's what the institutions want...it essentially recapitalizes them to where they were before the bubble burst.

Think that move will free up the credit markets?

Think again.

If you were a senior banker today what would you be doing?

Your goal would be to protect YOUR institution. Hoard cash. Build liquidity. Strengthen loan/deposit ratios. Reduce borrowings to an absolute minimum - preferably zero. Fund your assets with retail deposits (insured by FDIC) and your own capital.

Lend money to NO ONE if you don’t have to...tighten your credit standards.

DO NOT PARTICIPATE IN THE INTER-BANK MARKETS if you are not a net buyer of funds....Do not sell fed funds...

This buyout may not accomplish what it is aiming for.....

Never fear....Jesus will be coming soon.

Posted by: toritto | September 22, 2008 11:16 PM | Report abuse

It is not going to make any difference which one of these gurus gets elected, it will take 8 years or better for the economy to grow out of this mess, that was started under the Clinton adminstration, (everyone deserves the right to own a home). But I cannot vote for a man with a Muslim name, connected to the Big Chicago politics, and so many rumors in the news that You don't know what to beleive. i am one democrat that will be voting McCain.

Posted by: Granny | September 22, 2008 11:07 PM | Report abuse

Isn't it interesting that whenever we've had a financial meltdown it's been under Republican watch? When they finish bailing out the rich folks and you formerly known as middle class start asking for services (that you didn't want to pay for in the past) and they tell you NO, the cupboard is bare, too bad. You vote Republican because you think you're part of their club, but you're not and you will surely find out soon. Funny, I bet you couldn't find one rich stock broker or others on Wall Street who thought helping the middle class was ever a good idea, but now they all have their hands out and like good loyal dogs you dig in your pockets and cough it up, even when you know you'll be the only ones to suffer. As for you abortion folks, get off it --maybe if you told the truth--abortion isn't about you caring about the birth of the child, since you don't -- you don't want to feed, clothe or educate the child, its about numbers. Unless white women start having babies, white folks will become the minority by 2035 or 2040. That is your no. #1 fear --you become the minority --cause your afraid of payback -(you know all about payback don't you?)Once Hispanics get the idea that they control, watch out. So maybe if you stop this foolish idea--"I care about the babies being killed" --which you don't and switch it to I don't want to be the minority --maybe white women would listen.But then you might just have to feed and clothe and education those kids you only wanted for numbers anyway. To the person who said he didn't like affirmative action, I bet you will be loving it and waving it's flag when you need it. But hey did you like it that Pres. Bush used it to go to Yale and displace a more qualified white? Did you think it was OK for him with a "C" average to go to Harvard and again display a more qualified white? How come h

Posted by: DebV | September 22, 2008 10:29 PM | Report abuse

"LOL!

"Poll: Barack Obama could lose six percentage points on election day for being black

http://www.nydailynews.com/news/politics/2008/09/22/2008-09-22_poll_barack_obama_could_lose_six_percent.html

Posted by: Anonymous | September 22, 2008 7:31 PM"
-----------------------------------------------
Except that this six percent is already factored in--that's why he isn't leading in a blowout. I'm a little surprised Obama would be putting forward a sweeping Washington reform plan when everyone is focused on talking about the bailout plan. But I do agree with him about executive salaries and oversight: NO BLANK CHECK

Posted by: scientist1 | September 22, 2008 10:06 PM | Report abuse

The only way for USA to beat China is to become the communist state.With this huge bail out and nationalisation of private investement banks we are obviously much closer to the socialism than ever before.

The next step I guess would be to colour red all stars on our flag and change official name to People's Republic of USA. ( PRUSA).

Gordon

Posted by: joe_7007 | September 22, 2008 10:04 PM | Report abuse

McCain campaign lies....while whining about being called liars


"Sen. John McCain’s top campaign aides convened a conference call today to complain of being called "liars." They pressed the media to scrutinize specific elements of Sen. Barack Obama’s record."

"But the call was so rife with simple, often inexplicable misstatements of fact that it may have had the opposite effect: to deepen the perception, dangerous to McCain, that he and his aides have little regard for factual accuracy."

"The errors in McCain strategist Steve Schmidt’s charges against Obama and Sen. Joe Biden were particularly notable because they seemed unnecessary. Schmidt repeatedly gilded the lily: He exaggerated the Biden family's already problematic ties to the credit card industry; Obama’s embarrassing relationship with a 1960s radical; and an Obama supporter’s over-the-top attack on Sarah Palin when — in each case — the truth would have been damaging enough."

"Any time the Obama campaign is criticized at any level, the critics are immediately derided as liars," Schmidt told reporters.


But as he went on to list a series of stories he thought reporters should be writing about Obama and Biden, in almost every instance he got the details wrong."

http://www.politico.com/news/stories/0908/13747.html


Read the piece for the details, but when the Politico's Ben Smith asked the McCain campaign for evidence for their assertions, this is the response he got:


Asked about the series of errors, McCain aides could not provide evidence to back up Schmidt’s assertions.


One McCain aide, Michael Goldfarb, said Politico was "quibbling with ridiculously small details when the basic things are completely right."


Another, Brian Rogers, responded more directly:

"You are in the tank," he e-mailed


Here's the mavericky "straight-talk" from McCain Rovebot campaign flunkie, Steve Schmidt:

http://www.youtube.com/watch?v=HabIoeqzL40
.

Posted by: McCain = Bush's third term | September 22, 2008 9:58 PM | Report abuse

Anyone notice how over the weekend foreign banks lobbied and ensured that our treasury will buy back their bad mortgage debt as well? They want to be treated just like US financial institutions.

Think Phil Gramm, Board member of Union Bank of Switzerland, (UBS) had anything to do with this??

:-)

Posted by: toritto | September 22, 2008 9:15 PM | Report abuse

At least he has a plan...McCain looks like a deer in the headlights. His advisers haven't put out anything and Carlye Fiorina is the biggest joke ever. Obviously his ridiculous running mate isn't going to be a help on serious issues like this either.

I hate the Democrats, but I can not in good conscience vote McCain and the unqualified one. That pick threw me to the Dems for a long long time - it was very dangerous to put her on the ticket. She is not thoughtful, doesn't seem to know the issues, and in light of all this is afraid to do an interview. Pathetic. She is why I hate affirmative action...it puts unqualified people in high positions. The Republicans should have known better.

Obama/Biden '08!

Posted by: GoHuskies08 | September 22, 2008 8:59 PM | Report abuse

Hopefully, you aren't a U.S. citizen yet?

Posted by: JakeD | September 22, 2008 8:01 PM | Report abuse

I have been in this country for 7 years and when I arrived I was struck at how poor and uneducated most blacks are. I could never figure out why most had children out of wedlock, sold drugs, and were in jail. They even have the highest rate of HIV!

I suppose it is the slave metality from generations ago but at some point they will have to take responsibility. I think that is the reason Senator Obama appeals to so many whites because he isn't 100% black. He has a black face but the mentality of a white person. That makes the vote palatable and they can feel good about themselves. I doubt many of these white voters would go for an Al Sharpton or Jesse Jackson - just too black and they are for more representative of the black American - not Barack Obama.

Posted by: Rahiq Syed | September 22, 2008 7:51 PM | Report abuse

LOL!

Poll: Barack Obama could lose six percentage points on election day for being black

http://www.nydailynews.com/news/politics/2008/09/22/2008-09-22_poll_barack_obama_could_lose_six_percent.html

Posted by: Anonymous | September 22, 2008 7:31 PM | Report abuse

It's in the Democrat DNA, capitalism needs to have controls. It's in the Republican DNA, unregulated capitalism.

What else is in the Republican DNA?
No Social Security (They have hated FDRs answer to the Great Depression.)
Flat Tax - They hate progressive income taxes that tax the rich at a higher rate than the working poor.
I've just started the list, but you get the drift.

Now, the chickens have come home. Unbridled capitalism is bad! There really is no such thing as a benevolent dictator. Therefore, we need a congressional panel to oversee any bailout plan.

Posted by: Earl C | September 22, 2008 7:21 PM | Report abuse

Yep, Obama has a comprehensive plan and the short attention span Republicans start to thrash. But look at McCain and his multiple confusing and ranting responses last week.

Whose finger do you want on the nuclear trigger? McCain or Obama? The choice is yours. McCain - the hothead? Obama - the thoughtful reformer and change agent?

Obama '08

Posted by: Earl C | September 22, 2008 7:15 PM | Report abuse

What a pile of horse manure! This is why we need to hold both candidates strictly accountable for presenting SOUND THINKING and not simplistic campaign fluffy-ideas! Frankly neither one of these "candidates" is qualified to get results, as neither can even define the problem. Sadly, we are doomed!

Posted by: wcmillionaire | September 22, 2008 7:06 PM | Report abuse

Hey I hear obama has a plan..he is going to stop jobs from going overseas. Darn this guy is going to be so busy doing all the Superman stuff he has promised this country, he'll have to have us CHANGE to 30hour day and an 10 day work week...whooooeeee...go superman do it all.

Funny how some people will say anything to get elected...but doing it...gee we see that record in the state of Illinois record of present postings and the not voting in the US senate.

Posted by: Marge | September 22, 2008 6:53 PM | Report abuse

Boy, does Obama need the Clintons and their ability to create surpluses.

Posted by: Tom | September 22, 2008 6:21 PM | Report abuse

God is punishing the markets and investment bankers because they have done nothing to stop abortion and gay marriage.

We have sinned so god is making our money evaporate.

Soon we will begin seeing the signs.....

:-)

Posted by: toritto | September 22, 2008 6:14 PM | Report abuse

ManUnitdFan:

You've read my posts now for a while now. My number one foreign issue is the war on terrorists and my number one domestic issue is abortion. Maybe I have missed something you think I would agree with Obama more than McCain, but I doubt it.

See you around ; )

Posted by: JakeD | September 22, 2008 6:06 PM | Report abuse

Heehee! This would be hilarious if it wasn't so sad,

Republicans are supposed to the the party of small government, balanced budgets, deregulation, unfettered capitalism.

This was the party that said "Government is the problem!" and "Government needs to get out of the way'!

Dems were "socialists" or egad, "commies".
They were "regulators" who would tell common folk "what's good for them".

So what did we get?

Unrestricted capitalism is dead.

The losses of the banking system are going to be socialized. Even Norman Thomas would turn pale!

Our government now owns outright Fannie and Freddie. It covered losses of Bear Stearns. It loaned $85 billion to AIG in return for an ownership stake.

The 2 remaining investment banks will become bank holding compaies subject to Fed oversight (they're gonna love that!)

I presume since the government covers deposits under the FDIC and has truly executed the "too big to fail" theory, that we ill see significant new regulation and oversight of the banking system in return.

So much for republican economic BS. Laissez faire capitalism is dead.

We now have a form of socialist managed economy. We'll just call it capitalism to make republicans feel better.

Remember - "Capitalism without failure is like religion without sin"

Heehee

Posted by: toritto | September 22, 2008 6:06 PM | Report abuse

How about a constitutional amendment banning the practice of paying people to petition the government (i.e. ban paid lobbyists)?

Nothing would place the government back in the hands of the people faster than that.

Currently we even allow foreign governments to hire lobbyists. Just ask John McCain's chief foreign policy adviser. How many foreign governments has he lobbied for?

Posted by: TD | September 22, 2008 5:59 PM | Report abuse

Undecided Voter Wrote:

I am an undecided Independent, and would like to to see the next administration reduce the size and role of government in people's everyday lives.

McCain and Obama supporters: which candidate in your view will best fulfill this mission and how will they do it?
____________________________

Republicans have done a great job over the last 30 years convincing the people that they are the party of small government. The facts indicate otherwise, but we'll leave the past to the past.

You asked a very specific question about how each candidate would lessen the role of government people's everyday lives. As an Obama supporter, I agree with Sen. Obama's view that the government should be there for you if you NEED it, and not when you don't want it. On social issues (whether family planning, religious education, free speech or any of the other "hot button" issues), the Democrats and Obama want the government OUT of people's lives while Republicans would like to make all choices for individuals. McCain has supported limits on Free Choice as well as supporting whole-heartedly the curbing of free speech and other civil liberties. It has always stunned me that the Republicans have been able to convince people that the Democrats want more government while they continue to put forth new laws to hamper individual freedoms.

On the bigger, bread-and-butter issues (health care, taxes, etc.) the result is the same. Sen. McCain's would explain his tax plan as an accross-the-board cut, while really he is just shifting the tax burden - taxing, among other things, those health care benefits you are granted by your employer. Sen. Obama just wants to give a cut to 95% of individuals. McCain says that his health care plan leaves individuals with choice, but it doesnt. Under Sen. Obama's plan, an individual who does not get health insurance at work can CHOOSE to get it from the government. And everyone would be able to have coverage. Under McCain's plan, most individuals currently without insurance would still be left out. Meaning that those individuals would have to fall back on Medicare and Medicaid, emergency visits to the hospital, etc. That means MORE time dealing with government bureaucracy.

I guess there is too much to discuss here. But the bottom line is that the Republicans have been claiming the "smaller government" mantra while actually increasing exponentially the size of the government. Did you know that the government is significantly bigger under Pres. Bush (both in budget and employees) than under Pres. Clinton? Democrats want the government to be there for individuals when they need help. Republicans want government to be there to funnel everyone into a certain beliefs and then leave them to fend for themselves.

Obama/Biden 08

Posted by: Dan | September 22, 2008 5:56 PM | Report abuse

It depends on who is faster. Paulson has a legion of investment banker buddies to bail out.After all, he needs a job come January. I have no doubt about his loyalties.

http://tpzoo.wordpress.com/2008/09/19/henry-paulson-goldman-sachs-and-the-good-old-buddy-system/

And now they are using the same scare tactics as in 2003 (yesterdays "WMD" is todays "Financial Meltdown")to get his plan through, which is fashioned to ensure, that no oversight will be possible. They should try that one over here in Europe. In more than one of our countries banks would be burning by now.

Posted by: European_Elitist | September 22, 2008 5:53 PM | Report abuse

It's damned if you do, damned if you don't. If Obama states his preferences, he will be accused to throwing monkey wrench in the negotiations between Congress and Bush. If he doesn't, he is weak. Can't win.

It's not hard to see what his plan would be.

1. Leave subprime assets where they are.

2. Mark them to zero and have the US inject institutions holding them and which are uncapitalized as a result with whatever capital needed to remedy this.

3. US gets shares equal to the amount of capital it provides relative to total capital, a lien on "subprime assets," AND veto power over executive compensation packages.

4. Under this scenario, banks can again lend and borrow. The US can recoup its investment through sale of its shares, either to public or back to borrower, and/or through sales of "subprime assets."

5. Amend bankruptcy code to permit courts to reform subprime mortgages to conventional mortgages at present market value, provided debtor has ability to meet FHA underwriting guidelines in connection with such a mortgage. This will give any subprime lender exactly what they would get in foreclosure, without expense, accelerate correction of housing prices, and minimize collateral damage to families, communities etc from waves of foreclosure.

Posted by: mnjamx | September 22, 2008 5:48 PM | Report abuse

In a twisted sort of way I almost want McCain to win this election because four more years worth of failed Bush/McCain policies would for all intents and purposes be the end of the Republican party as we know it today. They would become the 4th party gadflies that they deserve to be.


The only question is, would this country survive it?


You people out there who live in economic downtrodden states like Ohio, Pa and Michigan etc, if you're stupid enough to vote for McCain then you will deserve every bit of continued econimic hardship that a "president McCain" would give you.
.
http://www.youtube.com/watch?v=YxT0s_I5WtA
.

Posted by: Stacey Hill | September 22, 2008 5:45 PM | Report abuse

I am just SOOOO bitter and spiteful, and determined to force you to live and behave exactly as I believe you should, civil rights be damned. If the liberals are right, and global warming is real (I doubt it, as I do all scientific information which I do not understand), I propose that we conservatives migrate to underground bunkers, there to be served by a portion of today's minorities. The remainder of the non-white, non-Christian population, along with registered Democrats, can be left on the surface to battle each other for food as the earth warms... and we can watch on closed-circuit televison and bet on the survivors as we await the inevitable Rapture. Sound like a plan?

Posted by: AsperGirl | September 22, 2008 5:43 PM | Report abuse

John Adams and his Federlist ally Hamilton created this mess.

TJ

Posted by: Th J | September 22, 2008 5:39 PM | Report abuse

"There is no plan that can be given by either Obama or McCain that will assist in any way this "current" crisis. This is George Bush's economic crisis...he is the sitting president. The plan will come out of his office."

This post is based on an assumption that is patently false. The legislative power is vested in the LEGISLATIVE BRANCH, not the executive branch. Remember the Congress, which comes first in Article I of the Constitution. It is not the President's right, job, or prerogative to determine each and every policy of the US, particularly when it comes to regulating markets and spending our tax dollars. Bush can propose, but it is up to the Congress to enact the legislation it considers most suitable. Say what you like about how inept and unpopular the Congress is, but the day we collectively acquiesce in legislative power being handed to the president, with the Congress merely an annoyance that has to be whipped like a stubborn mule to get it to fall in line with the President's will, that is the day we become a dictatorship.

Posted by: Mark Gillis | September 22, 2008 5:39 PM | Report abuse

Look at my post, everyone! Look at my post, and imagine just how important I am! My insecurity leads me, as the insecurity of others does them, to identify with the Republican Party - a group which promises to maintain the status quo (especially the privileged position in it of white, male, conservatives with means) at all costs. I am reassured by the sameness of this approach which does not require of me any new attitudes or behaviors with which I may be uncomfortable.

Posted by: JakeD | September 22, 2008 5:38 PM | Report abuse


hmm. ah, oh exactly what does Obama think the job description is for POTUS?

does he think presidents think in the micro?

this is sophomoric or moronic take your pick.

Posted by: JohnAdams1 | September 22, 2008 5:33 PM | Report abuse

What the heck does this have to do with fixing the current crisis?

This is all well and good in the future but it is useless right now.

Obama has NO plan! McCain, you are next! Bush's plan is a non starter.

Posted by: bobte | September 22, 2008 4:09 PM
-------------------------------------

There is no plan that can be given by either Obama or McCain that will assist in any way this "current" crisis. This is George Bush's economic crisis...he is the sitting president. The plan will come out of his office.

Neither Obama or McCain is the current president. The solutions that are needed are needed in a matter of hours not months. The only thing that the candidates can do with this situation is speak in hypotheticals and vote for or against what is propose.

What Obama has wisely chosen to do is put forth a set of principals last Friday that he feels should be considered when this plan is being roled out. Additionally today he put out detailed plans that he would implement to avoid situations like this in the future as well as increase accountability in the administration should he become president.

His plans are indepth and covers many eventuallties that exist now and may arise in the future. It is a good plan and if you have some time you should get familiar with it.

Posted by: just another reader | September 22, 2008 5:32 PM | Report abuse

Is Obama Another Dukakis?
Why is Obama so vapid, hesitant, and gutless?
By Christopher Hitchens
Updated Monday, Sept. 22, 2008, Slate

"...I ran into a rather clever Republican operative at the airport last week, who pointed out to me that this ought by rights to be a Democratic Party year across the board, from the White House to the Congress to the gubernatorial races. But there was a crucial energy leak, and it came from the very top. More people doubted Obama's qualifications for the presidency in September than had told the pollsters they had doubted these credentials in July. "So what he ought to do," smiled this man, "is spend his time closing that gap and less time attacking McCain." Obama's party hacks, increasingly white and even green about the gills, are telling him to do the opposite. I suppose this could even mean that Sarah Palin, down the road, will end up holding the door open for Hillary Clinton. Such joy!"

Posted by: Scott | September 22, 2008 5:27 PM | Report abuse

Jake:

Yep. Or at the very least, that makes you a Republican shill. Because after 8 years of Republican rule, to still think that McCain is better than Obama on every single issue means you either aren't paying attention, or are a total partisan hack.

Posted by: ManUnitdFan | September 22, 2008 5:23 PM | Report abuse

We Americans aren't good at democracy.

Just look at the results.

I propose a meritocracy based on one's ability to DANCE! DANCE! DANCE!

Posted by: weird walt | September 22, 2008 5:13 PM | Report abuse

Why are the big guns on Wall Street getting a bailout? It's quite simple and was explained in the film, Rosalie Goes Shopping. The main character, who is in financial trouble, manages to borrow one million dollars from, although she has absolutely no ability or intention of reparying it. At the end of the film the bank is threatening her and demanding the money, etc., but she just ignores them and them film ends with her stating: "When you owe the bank $10,000, you have a problem, when you owe the bank $ 1 million, the bank has a problem."

Posted by: Mark Gillis | September 22, 2008 5:09 PM | Report abuse

"If you are an Obama or undecided voter, I agree -- please wait to vote -- until November 5th preferably ; )"
Posted by: JakeD | September 22, 2008 1:39 PM

"marcy:
Remember to vote on November 5th!!!"
Posted by: JakeD | September 22, 2008 1:56 PM

JakeD apparently believes he is funny, but what he writes is quite serious in that it inadvertedly reveals the GOP's main strategy and hope for victory - disenfranchisement. This year, as always, they simply don't have the votes to win, so that, in order to win this year, they have to rely on dirty tricks, unlawful activity, and other forms of voter fraud and disenfranchisement.

Posted by: Mark Gillis | September 22, 2008 5:02 PM | Report abuse

I think it's wonderful that so many states are now offering voting even before we have even had a single Presidential debate.

We already have the dumbest elections ever with the most uninformed voters, so why not ask them to vote before the debates?

Posted by: Gary | September 22, 2008 4:52 PM | Report abuse

More fake AsperGirl posts at 3:39 PM and 3:31 PM.

Posted by: JakeD | September 22, 2008 4:42 PM | Report abuse

All you smug partisans who are so keen on your candidate winning, let me spell it out for you: it don't matter.

The market needs a bailout. Without it it will freeze. Soon the economy will start grinding down.

On the other hand the bailout will be done with borrowed money. 700 plus 200 for the Fannie/Freddie bailout plus the 100 for AIG and Bear Stearns. That's a trillion dollars. Plus the 500 billion structural deficit. That's one and a half trillion in new debt the govt will start borrowing in less than two weeks for the new fiscal year. The dollar will get crushed with this massive borrowing. Oil will hit 200 sooner than later. Think six dollar gas next summer. Figure that out for yourselves how much of a bite that would be for your family's budget.

Here's the catch: if this 700 billion bailout is not done correctly and the money just disappears into thin air by the time YOUR GUY takes office, the problem will be compounded even worse. They will come back for more bailout money. Think three trillion deficit and 300 dollar oil and ten dollar gas.

So I don't give a freaking damn who your favorite candidate is or what he has done or not done in the past.

Show me a concrete workable plan to fix this problem NOW. The rest is BS.

Posted by: bobte | September 22, 2008 4:42 PM | Report abuse

ManUnitdFan:

Just because there's no issue where I think Obama is better than McCain doesn't make me a McCain hack. Maybe the problem is with Obama?

Posted by: JakeD | September 22, 2008 4:40 PM | Report abuse

I would be voting Obama/Biden, but I have very serious doubts that the ticket could win. Obama should have known that, as Black man, he should have real solutions on the table. My Jewish parents used to tell to me and my siblings that we should always remember that we were Jewish in the former Soviet Union and that in order to have the same we should deliver two times better than others, non Jewish. The same is true for Black here. So, in order to win over White McCain Obama should have REAL TECHNOLOGICAL SOLUTIONS TO MOST URGENT PROBLEMS, and to place them in front of voters. He had such opportunity to obtain these solutions, he could have used it, he chose not to. It was his choice and in would be his incoming failure, as the result of this choice! I do not glote. I wish he could win anyhow, but it truly looks like he can't.

Posted by: aepelbaum | September 22, 2008 4:40 PM | Report abuse

Hey "Martin"..

I am an INDEPENDENT VOTER because BOTH parties are stacked with idiots feeding and the trough.

Pelosi?!? THE WEAKEST speaker... REID?!? The "leader" of the Senate is even WEAKER!

They rolled over and let Bush spy on private AMERICANS in that telecom bill, they let the BUSH AND CHENEY off of the hook for OUTING A COVERT CIA AGENT...

They ALL took the lobbiest's money over the last 8 yrs, trips on our dime, wasting our taxes as fast as we earn them. They never did anything to challenge the lies and illegalities that got us into the war. and they haven't done anything to get us out of there.

I'm voting for OBAMA - but the democratic party is JUST as bad as the republican party in its own inept, greedy, high-holy way.

The difference between the parties is the stated platforms. The Dem's favors Americans and the Republican's favor the top 1% of wealth- regardless of where it comes from. The Dem's are for freedom and the Repub's are for controlling your bedroom activity. Dem's are pro science, Repub's are anti-science. Dem's worry about rule of law, Repub's don't worry about breaking any law in their way.

In summary:

Democratic Party - inept weakness.

Republican party - criminal hypocrisy.


I'm voting OBAMA because:

Obama tells his own party to shut up, and get to work fixing the broken aspects of the country!

Obama is throwing the lobbiests out.

Obama is for science and education - NOT the teacher's union.

Obama is for letting ALL buy into the same health insurance congress gets.


I'm voting Obama because of his intellect and goals, ethics, and focus.

POLITICAL PARTIES ARE FOR SHEEP!

Posted by: INDEPENDENT | September 22, 2008 4:21 PM | Report abuse

GOPer for Obama/Biden in 41 days!!!!

Posted by: Obama-can | September 22, 2008 4:20 PM | Report abuse

re: ccatmoon...


What plan? I did not see plan I noticed more of the WaPost hyping the kings clothes.. And he aint go nothing on..

Posted by: jimwhite1 | September 22, 2008 4:18 PM | Report abuse

Obama comes out with an 11-page plan to deal with Washington.

Senator McCain's plan? Shout, "I know how to do it! I know how to do it! I'm a reformer! I'm a maverick! I was a POW! I know how to do it! I know how to do it!"

Big difference people. One's a candidate with brains, the other is a candidate with puppet strings and a loud mouth and a loud-mouthed running mate.

Posted by: Karen | September 22, 2008 4:18 PM | Report abuse

I hate getting caught up in all the negativity that surrounds the hypocrisy that is this campaign, specifically from the Right, butr it is easy to do in this violent and fractured country that 8 years of Bush has left us (YEEEHHAAAAAAAAAA!!!!)
however, I see challenges by the Right to saysomething positive about Obama's core policies and for those on the Right who actually want to hear something than here it is:

Obama's philosophy is to reverse decades of the Republican TRICKLE DOWN ECONOMIC THEORY that somehow by giving everything but the kitchen sink away to the rich will cause it to trickle down to the lower and middle class. And that unfettered capitalism would prove it's wisdom in manifesting itself as the very height of economic policy. This was what we have been sold since Reagan. But guess what? For a few decades it worked, even as it see-sawed back and forth between scandal and disgrace, and other smaller bail-outs and then periods of relative calm and prosperity (can anyone even REMEMBER the Surplus left by Clinton or does the very IDEA of a BALANCED BUDGET seem preposterous now?). But now with virtually ZERO oversight because the Corporations had THEIR man in power (Read W and company) for the last 8 years the hogfs went hog wild and the trickle down that had been literally that a 'trickle' dried up completely and when that happened and there was no one left with any money to actually buy anything (houses,etc...) the bankers and big boys said "Hey, we'll let you buy now on CREDIT!!!!!!!!YEEEHHAAAAAA!!!!!!". and thus our little nearly 30 year adventure with trickle down economics as come to a final and UNDENIABLE End. (TO ANYONE WITH TWO EYES AND A BRAIN).
So in contrast and seeing clearly this mess we are in Obama is attempting to shock the system by insisting that maybe we should try a 'GROUND UP' approach where the lower and middle class get a chance to get a leg up and get themselves firmly established in as players in our economy, in any little way possible, and hope that from this bottom up approach that everyone else will benefit from an economy built on a SOUND FOUNDATION. Which is in marked contrast to the foundation our current economy was apparently built upon as all it took was a hurricane or two to completely wash it out from under us. How easily was a trillion dollars wiped out of the Market last week? How many Billions of my and my fellow tax payers money will it take to bail out a bunch of millionares and billionares...? And where is all that good money that was supposed to be trickling down all along? Is it in the foreclosed houses? Is it in the paychecks that have dried up? Is it in the dollar that has now fallen so far that Canadians come HERE to get a deal? That the Euro, barely a decade old now is much more powerful than the dollar...the list goes on and on and on.

So that is the main difference is Obama's philosophy of "Ground Up' vs. "Trickle Down".

and you know what, I am NOT voting for Obama the Man. I am voting for Obama the Ideas. Just as I am not voting AGAINST McCain the Hero, I just don't need any more Heros (Bring em On? Mission Accomplished? Dead or Alive? ETC...)...I need a wise man to figure out how to get us out of this mess we're in and who has some EXPERIENCE Organizing a community to not only help themselves but also each other!

and that is why I am voting for Obama.

now, bring on the usual drivel................................................

-YOW

Posted by: mynamesyow | September 22, 2008 4:18 PM | Report abuse

What the heck does this have to do with fixing the current crisis?

This is all well and good in the future but it is useless right now.

Obama has NO plan! McCain, you are next! Bush's plan is a non starter.

Posted by: bobte | September 22, 2008 4:09 PM | Report abuse

I am an undecided Independent, and would like to to see the next administration reduce the size and role of government in people's everyday lives.

McCain and Obama supporters: which candidate in your view will best fulfill this mission and how will they do it?

Posted by: Undecided Independent | September 22, 2008 4:08 PM | Report abuse

I am an undecided Independent, and would like to to see the next administration reduce the size and role of government in people's everyday lives.

McCain and Obama supporters: which candidate in your view will best fulfill this mission and how will they do it?

Posted by: Undecided Independent | September 22, 2008 4:08 PM | Report abuse

I think Obama's plan is brilliant.

Turn the LIGHT on, and the republican roaches scurry for cover.

Posted by: ccatmoon | September 22, 2008 4:08 PM | Report abuse

The Democratic nominee is proposing to "thin the ranks of Washington middle managers" and shift them to the "front lines." For instance, the campaign describes the need for more food inspectors at the Food and Drug Administration, nurses at Veterans Administration hospitals, air traffic controllers and border control agents.

This is critical and important because McBush cut the rank and file, put political appointees in as managers and contracted out the work. And we are still being poisoned by our food and drug supply. No one is working because everyone is a manager or a contractor.

Posted by: NYC | September 22, 2008 4:01 PM | Report abuse

McCain is PERSONALLY RESPONSIBLE for the 1980's Savings and Loan meltdown by pushing massive, failed de-regulation of the S&L industry when he sold out America to Charles Keating/Lincoln Savings and joined the "Keating 5".

The taxpayers funded bailout of the banking system that was the largest in history at THAT time.

Don't know what a "Savings and Loan" is? LOOK IT UP - THEY DON'T EXIST BECAUSE MCCAIN'S LEGISLATION ALLOWED THEM TO MAKE RISKY INVESTMENTS THAT FAILED.

Sound familiar?

HOW CAN THE MAN WHO BROUGHT YOU FINANCIAL DISASTER THE FIRST TIME, AND CONTINUED TO PUSH BANKING DE-REGULATION BE TRUSTED TO FIX IT AND REGULATE IT NOW?

OBAMA '08!

Posted by: JBE | September 22, 2008 3:59 PM | Report abuse

Hey M S ,

I thoroughly enjoyed your rant about a convicted felon living next door to a presidential canidate...curious, didn't your man Tom DeLay mangae to set up not only a House but a WHOLE BLOCK of lobbyists just down the street from the PRESIDENT OF THE UNITED STATES himself called K Street? And now may i ask how many of those people involved in K Street are now convicted felons (Jack Abramoff????) or about to be convicted felons (Tom DeLay himself) right under the presdient and all his lackey's very NOSE??? hmm....curious...

I can't wait til the moneyy chanhgers are thrown out again...bloodless curs feeding on a damaged system and calling for 'Change' from the very,very,very deep mess they created.

-YOW

Posted by: Anonymous | September 22, 2008 3:54 PM | Report abuse

Hmm. More common sense from Senator Obama.

More attacks, lies, and spin from McCain and Palin.

Go figure.

And "Indpependents" are really just Republicans, voting Republican, that don't want to be branded as Republicans.

Posted by: Martin | September 22, 2008 3:54 PM | Report abuse

...Legislation written in the open.

...Thin the ranks of washington middle managers and make them do real work on the front lines.

...Publishing corporate tax breaks on the web.

...Saving 40 billion on gov't contracting.

...Tracking legislator staff contact with lobbiests.


OBAMA IS EXACTLY WHO AMERICA NEEDS IN THE WHITEHOUSE TO CLEAN HOUSE!

...The NEO-CONS, the lobbiests, the corporate criminals, the multi-million dollar "parachute pigs" at the failing corporate trough, their cronys, the roaches in the back-room conferences... WATCH THE SCUM WHIIIIIIIIIIIIIIIIINE !!!

Posted by: JBE | September 22, 2008 3:53 PM | Report abuse

That was the biggest cop-out of all time, Jake. Saying "Obama's candidacy is historic (but Palin's is also historic; vote McCain-Palin!)" does not count as saying something positive about the candidate. Same with Obama's support of Georgian NATO admission - that's something both candidates agree on. I want some issue where you think Obama is better than McCain. Dig deep, Jake, I know it's down there.

Posted by: ManUnitdFan | September 22, 2008 3:47 PM | Report abuse

That is what we need MORE government, BIGGER government .. But in reality it's the same socialist talk. And what really is the plan.. I don't think he has one..

Posted by: Dubs | September 22, 2008 3:45 PM | Report abuse

Jake D -

Go vote on the 5th, eh?

You are a WORTHLESS SACK OF S**T.

May your children die a painful death in front of your face.

Posted by: retribution | September 22, 2008 3:40 PM | Report abuse

I'm an employee of the McCain campaign.

Posted by: AsperGirl | September 22, 2008 3:39 PM | Report abuse

Those of you who insist on excluding McCain from other greedy Republicans, please see his twenty-six years of pandering to lobbyists.

Hell, he loves lobbyists so much that he's been known to have affairs with them.

Posted by: In Plain Sight | September 22, 2008 3:35 PM | Report abuse

I'm getting a little sick of all McCain bashing.... Let's run the facts...

1. Obama #2 on the amount of money received from Fannie only after Chris Dodd. Chris Dodd was #1 from how much he got over 10 years... Obama only three years... Much higher per year.

2. J. Johnson who headed Obama VP pick search Comm... was CEO of Fannie, and ran with 25 mil bonus... talk about poor judgement.

3. Obama still hasn't explained his home purchase deal in Chicago in which he got roughly $600K discount from already convicted lobbyist, Rezko who bought the lot right next to Obama's current home... TELL ME ABOUT WHY AND HOW A CONVICTED LOBBYIST BUYS A HOUSE RIGHT NEXT TO OUR CURRENT PRESIDENTIAL CANDIDATE...

I won't even get into many other names of Fannie CEOs who called OBAMA, a "Family"....

If you want to talk about money trails, it EQUALLY LEADS TO OBAMA....

Posted by: MS | September 22, 2008 3:35 PM | Report abuse

I am working for the McCain campaign. My job is to post his talking points on blogs like this one.

Posted by: AsperGrl | September 22, 2008 3:31 PM | Report abuse

Those of you who insist on including McCain with other greedy Republicans, please see S.190, a bill he co-sponsored that would regulate secondary mortgage companies.

Posted by: Jobo | September 22, 2008 3:25 PM | Report abuse

When I read these blogs, I have to ask, "Is there anything that happened the last 8 years that the McCain clan and Republicans will take even some blame?"

Every one of them wants to compare themselves to Ronald Reagan. I remember Reagan had a sign, "The buck stops here." My gosh, $400 billion deficits and trillion dollar bailouts and you complain about what Obama will do to the country?

Good grief.

Posted by: amaikovich | September 22, 2008 3:23 PM | Report abuse

McCain knows all about bailing out rich bankers and screwing over middle class and poor people, he's been doing it for years.


-McCain - Founding Member of the Keating Five:

McCain was one of the "Keating Five," congressmen investigated on ethics charges for strenuously helping convicted racketeer Charles Keating after he gave them large campaign contributions and vacation trips.
Charles Keating was convicted of racketeering and fraud in both state and federal court after his Lincoln Savings & Loan collapsed, costing the taxpayers $3.4 billion. His convictions were overturned on technicalities; for example, the federal conviction was overturned because jurors had heard about his state conviction, and his state charges because Judge Lance Ito (yes, that judge) screwed up jury instructions. Neither court cleared him, and he faces new trials in both courts.)

Though he was not convicted of anything, McCain intervened on behalf of Charles Keating after Keating gave McCain at least $112,00 in contributions. In the mid-1980s, McCain made at least 9 trips on Keating's airplanes, and 3 of those were to Keating's luxurious retreat in the Bahamas. McCain's wife and father-in-law also were the largest investors (at $350,000) in a Keating shopping center; the Phoenix New Times called it a "sweetheart deal."


-McCain - Mafia Ties:

In 1995, McCain sent birthday regards, and regrets for not attending, to Joseph "Joe Bananas" Bonano, the head of the New York Bonano crime family, who had retired to Arizona. Another politician to send regrets was Governor Fife Symington, who has since been kicked out of office and convicted of 7 felonies relating to fraud and extortion.


Here's some straight-talk, my friends:

http://www.realchange.org/mccain.htm
.

Posted by: out of touch | September 22, 2008 3:18 PM | Report abuse

After eight years of George Bush, voting for John McCain is like changing seats on the Titanic.

Posted by: Anna | September 22, 2008 3:12 PM | Report abuse

Whatever Obama bot loser is posting things using my and Jaked's name, you're too stupid to be relevant.

Your fixation on us, and your inadequacy, are bizarre.

Posted by: AsperGirl | September 22, 2008 3:09 PM | Report abuse

Wow, this is really infantile.

>>"To curb the influence of lobbyists, Obama would force all bill writing to be conducted in public. Congress holds public hearings on legislation, and lawmakers debate and vote in the open, but the conference committees where final language is crafted meet mostly behind closed doors."

This is for an electorate who (1) aren't able to tell that the news they read are written by the journalists who are low-IQ dim-bulb partisans with agendas and axes to grind and spin their stories on that basis, and (2) don't usually bother to even read the news anyways.

Yes, more public hearings, when anyone barely watches CSPAN, will really change the world.

You will only have more politicians who become paralyzed because they don't know when anything they say or do will end up on YouTube someday if they try to run for President.

>>"Obama also wants to create a new government agency "charged with identifying recipients of corporate subsidies and evaluating the effectiveness of these subsidies in promoting growth and opportunity."

Yes, create a new gov't agency to capture the subtleties of "discretion". Would he include a review of that obscene collection of corn belt subsidies that is the useless, food-inflating, destructive corn ethanol biofuels program that Illinois and other corn states are growing fat on at taxpayer expense while driving food inflation?

>>"All corporate tax breaks also would be easily searchable on a government Web site, and if the new entity deems a provision to be a dud, it would be targeted for elimination. (Potential unintended consequence: Fighting off agency action would create a whole new line of business for those Washington lobbyists Obama so often derides.)"

A website! This is not a plan! It is a school project!

>>"The Illinois senator also takes aim at government contracting, proposing new restrictions and guidelines that the campaign estimates could save $40 billion per year. But Obama would hire more contract managers, to keep track of how federal money is being spent."

More managers of gov't contracts always results in more efficiency. More federal employees with their fingers in how something is run always makes the bureaucratic morass more efficient!

This "plan" is pure crap!

Posted by: AsperGirl | September 22, 2008 3:06 PM | Report abuse

If you're John McCain, you know you're losing your fake "Man of the People" image when Newsweek begins a story:

"When you (McCain) have seven homes, that's a lot of garages to fill. After the fuss over the number of residences owned by the two presidential nominees, NEWSWEEK looked into the candidates' cars. And based on public vehicle-registration records,

Here's the score.

John and Cindy McCain: 13.
Barack and Michelle Obama: 1.
.
http://www.newsweek.com/id/160091
.


Not to mention when it closes by noting that the car your wife (Cindy McCain) actually drives isn't even registered in her name, but in that of her massive beer distributorship.


But, uh, Obama is elitist because, uh, look over there! Arugula!!!

Posted by: Asper Chick | September 22, 2008 3:04 PM | Report abuse

Just how much do investment bankers actually earn? Most of the people who want to break into investment banking have no idea how much money is really involved.
Sure, the Managing Directors and other senior people make several million a year on average; group heads can make $10 million or more. And the CEO of an investment bank can make upwards of $20 million, with Goldman Sachs CEO Lloyd Blankfein making over $70 million in 2007.
------------------------------------------

Even when CEOs fail, they keep all the money to themselves! Does their patriotism call upon them to give back part of these large bonuses as part of their contributions in this bailout! Oh No!

Does Bush invite his rich Oilmen following the recent raise of the price of oil to add to the fund to bail these failed finiancial insittutions? Oh NO!

Have a guess who has to pay for this mess when it is not their fault!

Obviouslyt the Working and Middle classes who arer asked to bail these crooks at the rate of $700 billions and to buy TOXIC DEBT, yes you heard it the WORST DEBTS in an insittution, this is yet another insult!

IF THIS IS NOT ANOTHER REASON TO EDUCATE THESE REDNECKS THAT IT IS TIME FOR REAL CHANGE, I WONDER WHAT WILL!

THIS IS A SIGN OF A REAL WAR CLASS WHERE THE RICH HELPS HIMSELF FROM THE POOR AND THE POOR IS NOT ALLOWED TO BE BAILED WHEN HE RUNS INTO TROUBLE!

Posted by: IMPEACH BUSH CHENEY & CO. | September 22, 2008 3:04 PM | Report abuse

And don't forget to fondle yourself while you're casting your absentee ballot. That way, you'll be reminded that you're screwing yourself.

Posted by: JakeD | September 22, 2008 3:03 PM | Report abuse

PLEASE IMMEDIATELY FORWARD TO WALTER PINCUS, WASHINGTON POST RE: "DIRECTED ENERGY WEAPONS" ARTICLE IN TODAY'S EDITIONS

(cannot post to his article for unknown reasons)

"Directed Energy Weapons," even hand-held models which emit silent, potentially lethal bursts of radiation, are widely deployed NOW among military, intelligence/security and law enforcement forces.

Mr. Pincus needs to follow up because this Senate report is incomplete at best and deceptive at worst.

This Senate report seems replete with disinformation when it states that this radiation-based weaponry is not operational. An April 2008 article in the FBI's Law Enforcement Bulletin discusses the issue and makes clear that such weaponry is currently in use.

Victims of so-called organized community "gang stalking" maintain that directed energy weapons are being used against civilian targets to degrade their health.

A former mainstream media reporter who is now an internet columnist has written extensively about this, based on his own personal experiences. His work can be found at http://members.nowpublic.com/scrivener

There is a political dimension to this issue as well: There are fears that such weaponry could be deployed to degrade the health of persons or public officials targeted for reasons of ideology.

Posted by: scrivener | September 22, 2008 2:52 PM | Report abuse

Democrats for John McCain and Sarah Palin in 2008

Posted by: Rebecca | September 22, 2008 2:49 PM | Report abuse

The Death of the Republican Philosophy...


Last week was historic. It is a week that financial and economic people will study for generations. It also marked the end of certain elements of the Republican Party's ideology. Below are statements the Republican party can no longer claim as part of their core ideology.


*We are the party of small government:

Actually, this week simply added to the the end of this claim. Under Bush II, discretionary spending has increased from $640 billion to $1.040 trillion dollars. Also remember that Bush had a Republican controlled congress for 6 of those years. However, Paulson will send a package to Congress which totals $800 billion.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aB_rf1rurtio&refer=home


The Treasury will create a new agency to buy bad debt (which the WSJ's Marketbeat blog has called the Treasury Garbage Machine). In short, when the Republicans control all branches of government they spend like drunken sailors.

http://blogs.wsj.com/marketbeat/


*We Support Free Markets:

Last week the SEC banned short-selling in financial shares:

The Securities and Exchange Commission has announced a ban on short-selling financial stocks over the next two weeks. Short-selling is essentially betting that a stock's price will go down. The SEC hopes the ban will reduce downward pressure on the market, but some think it will backfire. Wall Streeter Barry Ritholtz tells Madeleine Brand that the SEC action reverses 1,000 years of theory about how free markets should work.
In short, markets are supported when they are going up. But when they are going down, we're going to do everything we can to prevent them from going down.


*We Are the Party of Fiscal Responsibility:

No they aren't. No Republican president has ever balanced a budget. While Republicans have argued that Reagan had to contend with Democrats, Bush II did not for 6 years. Under this scenario where the Republicans controlled all branches of government they never even came close to balancing a budget.


*We are the Party of Personal Responsibility:

No you're not. When companies make really stupid decisions the Federal government bails them out. Just ask any shareholder of AIG. Or any taxpayer who will now help to finance the latest government bail-out.


Simply put, last week demonstrated a key point: when the going gets tough, the Republicans become socialists:

If you are a fan of irony, consider this: The conservative movement has utterly hated FDR, and his New Deal programs like Medicaid, Social Security, FDIC, Fannie Mae (1938), and the SEC for nearly 80 years. And for the past 8 years, a conservative was in the White House, with a very conservative agenda. For something like 16 of the past 18 years, the conservative dominated GOP has controlled Congress. Those are the facts.


We now see that the grand experiment of deregulation has ended, and ended badly. The deregulation movement is now an historical footnote, just another interest group, and once in power they turned into socialists. Indeed, judging by the actions of the conservatives in power, and not the empty rhetoric that comes out of think tanks, the conservative movement has effectively turned the United States into a massive Socialist state, an appendage of Communist Russia, China and Venezuela.

http://bigpicture.typepad.com/comments/2008/09/the-new-new-dea.html


Whenever a Republican talking head says they are for any of the above mentioned things they should be questioned to explain how that statement (I'm for free markets) jibes with banning short selling of an entire sector of the market. Whenever a Republican says he is for smaller government, have him explain the nearly doubling of discretionary spending when the Republicans controlled all branches of government.


Simply put, this week demonstrated how hollow many of the Republican values are. They sound great on paper, but aren't put into practice when that result might cause financial harm to another Republican (McCain).

Posted by: DrainYou | September 22, 2008 2:46 PM | Report abuse

Man:

I am the first to say I don't agree with everything McCain has done -- I've posted those repeatedly on these threads -- considering someone who was pro-choice for VP, or McCain-Feingold campaign finance reform, for instance. I also do agree with Obama's position on admittance of Georgia to NATO (even a broken clock is right twice a day) and no one could deny the historical nature of Obama accepting his party's nomination on the anniversary of MLK Jr.'s "I Have A Dream" speech -- just as no one can deny the historical nature of Gov. Palin's speech -- hopefully, she will be the first female VP of the U.S.

Posted by: JakeD | September 22, 2008 2:42 PM | Report abuse

I beg to differ, Jake. Say something genuinely positive about Barack Obama's policies, and say something negative about John McCain's policies. And I want real positives and negatives, not cop-outs. Do that and I won't suggest you're a Republican shill ever again.

Posted by: ManUnitdFan | September 22, 2008 2:36 PM | Report abuse

Just when I think, is there anybody that's a bigger fool? I realize there are people out there who will vote for John McBush.

Fool me once, shame on you.
Fool me twice, shame on me.
Keep fooling me over & over & over with the same old crap, and I must be a RePUKElican.

We can see where stupid has taken us the last 8 years, let's not do it again...
.
http://www.youtube.com/watch?v=wJThPjvscFs
.

Posted by: John McBush - dumber than a bag of rocks | September 22, 2008 2:29 PM | Report abuse

ManUnitdFan:

Of course "being a registered independent is no barrier to being a hack for the McCain campaign." Someone else claimed I was a Republican. I am neither ; )

Posted by: JakeD | September 22, 2008 2:20 PM | Report abuse

GOP:

Gov. Palin HAS done more than two interviews since and the Saddleback "debate" was more than enough for me.

PEOPLE MAGAZINE: "A woman on the ticket is what a lot of Hillary Clinton voters wanted to see. What's your message to women who might see a second shot at shattering the glass ceiling?

SARAH: Certainly in this election cycle, women aren't finished yet. And women can shatter that glass ceiling once and for all.

PEOPLE MAGAZINE: Do you feel ready to be a heartbeat away from the presidency?

SARAH: Absolutely."

vs.

BARACK: Abortion is "above my pay grade."

Of course, he once also said "anytime, anywhere" until McCain said weekly townhall meetings. Look, Obama and undecided voters SHOULD indeed wait and not start voting today. I agree with you on that much ; )

Posted by: JakeD | September 22, 2008 2:18 PM | Report abuse

An amazing line from John McCain coming out in an actuarial magazine called Contingencies where ... well, let's let McCain tell us:

"Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."
.
http://krugman.blogs.nytimes.com/2008/09/19/mccain-on-banking-and-health/


Obviously this was written before the Lehman Brothers, AIG, Merrill Lynch debacle of the last week, and just as obviously it came out before McCain did his about face from rabid free-market anti-regulation supply-sider into a populist, market hating regulator. What's funny is that it is hitting people's mailboxes this week exactly as the banking sector McCain is highlighting collapses.


But the fact is that the banking industry was collapsing long before this week, and long before this article was submitted to Contingencies. We've been in an accelerating free-fall in our financial industry for more than a year, starting in August 2007 (and sooner for many).


But McCain still as recently as August 2008 was pointing to the free-market, minimally-regulated banking industry as a model for what he wanted to do to the health care industry. While his model was collapsing all around him he was saying, "See how great this is? Let's build another one!"


The only reason he's changed sides on the issue is the same reason he put out an ad on stem cells and doesn't mention abortion -- he can't win the election by telling people what he really believes and what he is really going to do.


He thought he could play the free-market card on health care and win, but the debacle that reached a deafening crescendo (we hope) over the past week had made socialists of most hard-core libertarian Republicans. McCain knows that free-market deregulatory talk is a sure ticket back to his Senate seat in January, and so he has changed his language.


But I don't believe for a second that if he wins he won't continue to push deregulation and free-market policies. He believed in the free market in the face of Enron, Worldcom, the burst of the housing bubble, the failure of a series of banks in the summer, and all the way until public opinion turned.


He has proven that the only straight talk you'll get out of him now, assuming you ever did get real straight talk, is straight to his pollster to find out what the right thing to say is this week.


But when he wins and has a four year unbreakable lease then all bets are off and his cronies, handlers and right wing base will stick it to us again.

Posted by: McCain = Bush's third term | September 22, 2008 2:16 PM | Report abuse

http://www.usatoday.com/news/politics/election2008/2008-09-21-early-voting_N.htm#Close

Wonder why is there early voting this year in some states even before the debates?

Was there always early voting before in the same states?

Or is it new to make one candidate look better before the debates?

Is there any party who is responsible for the independent monitoring of these early voters' ballots?

Hmmmm......

Posted by: Anonymous | September 22, 2008 2:12 PM | Report abuse

Jake, being a registered independent is no barrier to being a hack for the McCain campaign. You of all people should know that.

Posted by: ManUnitdFan | September 22, 2008 2:10 PM | Report abuse

Heehee! This would be hilarious if it wasn't so sad,

Republicans are supposed to the the party of small government, balanced budgets, deregulation, unfettered capitalism.

This was the party that said "Government is the problem!" and "Government needs to get out of the way'!

Dems were "socialists" or egad, "commies".
They were "regulators" who would tell common folk "what's good for them".

So what did we get?

Unrestricted capitalism is dead.

The losses of the banking system are going to be socialized. Even Norman Thomas would turn pale!

Our government now owns outright Fannie and Freddie. It covered losses of Bear Stearns. It loaned $85 billion to AIG in return for an ownership stake.

The 2 remaining investment banks will become bank holding compaies subject to Fed oversight (they're gonna love that!)

I presume since the government covers deposits under the FDIC and has truly executed the "too big to fail" theory, that we ill see significant new regulation and oversight of the banking system in return.

So much for republican economic BS. Laissez faire capitalism is dead.

Long live the new socialist republic.

Heehee

Posted by: toritto | September 22, 2008 2:10 PM | Report abuse

Sounds like members of the GOP are afraid of what may happen if people wait to vote till after Palin has done more than 2 interviews and McCain and Obama debate.

Even saying "Vote now in case you die tomorrow". Please stop the scare tactics and encourage people to actually investigate and learn before they vote.

Posted by: GOP | September 22, 2008 2:08 PM | Report abuse

LOL!!! For the record, I am registered Independent. If anyone who actually has the courage to pick at least a fake name wants to discuss anything, please let me know.

Posted by: JakeD | September 22, 2008 2:06 PM | Report abuse

"marcy:

Remember to vote on November 5th!!!

Posted by: JakeD | September 22, 2008 1:56 PM"
----

JakeD mirroring his party's plan to get McCain elected.

Typical, just subvert the system!

Posted by: Anonymous | September 22, 2008 1:59 PM | Report abuse

My Friend (s),

You owe $2,293.53 dollars to Wall Street Fat Cats Inc.... check, cash or charge?


How do you owe this money?

It's simple, George Bush wants a 700 Billion dollar bailout for Fat Cat bankers.
--700 Billion dollars divided by the current U.S. population = $2,293.53


How the did this happen?

Thank John McCain and his top economic advisor Phil Gramm.
In 1999, after 60 years of successful regulation under the 1933 Glass-Stegall Act Republicans like Phil Gramm, John McCain and a bunch of Bank Lobbyists deregulated the banking industry and allowed banks to get involved in overly risky lending.

As predicted, those banks failed, taking others with them and we're now facing another stock market meltdown.

This wasn't the first (or even the second) time something like this happened:
-In 1982, under Republican Ronald Reagan the Savings and Loan/Banking industry was deregulated.
-Again, Republicans Phil Gram, John McCain, Lobbyists and fat cats like Charles Keating decided deregulation was a good idea. Let the Savings and Loan Companies do what they want!

-John McCain took hundreds of thousands of dollars of gifts and campaign contributions from Keating in exchange for doing his bidding.
-John McCain's gift to Charles Keating was the deregulation of S & L banks.


The results were frighteningly similar:

-Tax payers bailed out Fat Cat Bankers like Charles Keating with $124.6 billion.

-Google "Keating 5" and you'll see it all.


The pattern is simple:

-Republicans like John McCain, Phil Gramm and Lobbyists deregulate.
-Wall Street gets rich.
-You pay the bill.


Now John McCain who self-identifies as a "deregulator" wants to:

1.) Deregulate Health Care
2.) Privatize Social Security
We can't afford more of the same with John McCain.

How do you think Health Care and Social Security will turn out if John McCain and Phil Gramm get their way?

Wall Street doesn't care if you lost your job, or if you can't make your mortgage. But when they need a bailout, it's "Hello Big Government!"


Thanks,
Wall Street Fat Cats Inc.

P.S. - Your kids owe $2,293.53 no matter how old they are.
Your parents owe $2,293.53 no matter how little they make.

Posted by: Bush + McCain = "W"orthless | September 22, 2008 1:59 PM | Report abuse

"pastor"123:

Here's an infamous quote by someone in Sarah Palin's circle:

"I've got no use for God DAMN America!!"

Guess who said that?

(founder of the AIP, a fringe political group who's goal is to have Alaska secede from the union, a group Todd Palin has been a long-time member of.)

Posted by: JR | September 22, 2008 1:58 PM | Report abuse

marcy:

Remember to vote on November 5th!!!

Posted by: JakeD | September 22, 2008 1:56 PM | Report abuse

Go Obama - good plan!! Vote for Obama - no more republicans in the White House

Posted by: marcy | September 22, 2008 1:44 PM | Report abuse

If you are an Obama or undecided voter, I agree -- please wait to vote -- until November 5th preferably ; )

Posted by: JakeD | September 22, 2008 1:39 PM | Report abuse

If you are a DECIDED voter for McCain-Palin, in Georgia, Kentucky, or Virigina, VOTE today. God forbid you aren't able to vote tomorrow.

Posted by: JakeD | September 22, 2008 1:29 PM | Report abuse

"All corporate tax breaks also would be easily searchable on a government website, and if the new entity deems a provision to be a dud, it would be targeted for elimination."

Isn't that kinda like a line-item veto given to a new agency?

Posted by: Anonymous | September 22, 2008 1:29 PM | Report abuse

Don't listen to JakeD...If you are currently still an undecided voter I urge you not to vote until the presidential and vice presidential debates are over, then make your decision.

The last thing we need is a rush to vote for McCain/Palin like people did for Bush in 2000 and 2004. And look where that rushed 2000 and 2004 vote got us ENRON, 9/11, IRAQ WAR, Largest National Debt in US History, Record Federal Deficits, and the Worst Financial Crisis since the Great Depression!

Posted by: Obama-Junkie | September 22, 2008 1:26 PM | Report abuse

cliche man speaks!

Posted by: Anonymous | September 22, 2008 1:25 PM | Report abuse

Finally a big idea rather than rhetoric. As a pragmatic leftist I have been waiting for Barak to give me something, anything...
Good for him. Now he should stop taking bundled money- which in essence is lobbyist money- since lobbyist money has been meaningless since McCain-Fiengold passed years ago.

Leon

Posted by: Anonymous | September 22, 2008 1:24 PM | Report abuse

Jake, is George Will and idiot because he's Conservative, or because he's an atheist? I'm not sure why his religious beliefs have anything to do with it.

Also, have you thought about starting up a blog? That way, if we want to read your mindless Republican talking points day after day, we could go do so without having to be subjected to them here.

Posted by: ManUnitdFan | September 22, 2008 1:17 PM | Report abuse

"pastor"123:

Here's an infamous quote by someone in Barack HUSSEIN Obama's circle:

"God DAMN America!!"

Guess who said that?

AlexP1:

George Will is an atheist idiot. President Bush could demand (and expect) Cox's resignation. Something has to be done to signal to Wall Street that playing fast and loose won't be tolerated.

Posted by: JakeD | September 22, 2008 1:08 PM | Report abuse

For John McCain, the panel discussion on This Week with George Stephanopoulos could not have been more brutal.

Minutes after conservative columnist George Will declared that the Senator was decidedly un-presidential is his unexpected call for the firing of SEC Chairman Chris Cox, Sam Donaldson, the long-time ABC hand, said that McCain's erratic message on the economy again raised questions about his age.

"I suppose the McCain campaign's hope is that when there's a big crisis, people will go for age and experience," said Will. "The question is, who in this crisis looked more presidential, calm and un-flustered? It wasn't John McCain who, as usual, substituting vehemence for coherence, said 'let's fire somebody.' And picked one of the most experienced and conservative people in the administration, Chris Cox, and for no apparent reason... It was un-presidential behavior by a presidential candidate."

Donaldson then jumped in: "It was two days after the he said the fundamentals of the economy were strong. His talking points have gotten all mixed up. And I think the question of age is back on the table."

It should be noted that McCain's call for the firing of Cox was dismissed right off the bat, as the president does not have the authority to axe an SEC chairman. The criticisms that Donaldson raised concerned the fact that McCain started the week by touting the fundamentals of the economy, before pivoting into fits of populist mantra and calling for increased regulation of the markets - position at odds with McCain's traditional economic philosophies.

"When I say age," he explained, "I don't know the difference between finding your talking points and not delivering the right ones, we have seen him do this frequently but this last week was the worst. Between two stops in Florida, as you say, he had to revise his thinking about what he wanted to say about the economy, wanted to feel the pain suddenly than say everything is great."

The whole, painful, episode crested with Will leveling an even harsher blow.

"John McCain showed his personality this week," said the writer and pundit, "and made some of us fearful."

Posted by: AlexP1 | September 22, 2008 1:04 PM | Report abuse

Here is a not so famous quote from someone in Sarah Palins Circle.
Im a f@*kin redneck, F**K with me Ill kick your A#@! Who said it?
http://www.hotpres.com


Watch Preview of the VP debates
http://www.veeppeek.com

Posted by: pastor123 | September 22, 2008 12:59 PM | Report abuse

Too little, too late.

Residents of Georgia, Kentucky, and Virginia:

Make sure you start voting for McCain-Palin TODAY!! In all, 34 states allow people to vote before election day. 28 states allow "no-excuse" absentee voting, so just get it done ASAP.

Posted by: JakeD | September 22, 2008 12:52 PM | Report abuse

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