AMERICAblog: The Sunday night Wall Street tsunami, Part II: Where do we go from here?
sukabi1
· 1 year ago
Hey Chris, it would be awesome if you or someone could tie in McCain's Social Security privatization scheme to this... You know what would have happened to your "private" accounts and how well off you'd be if the republicans had gotten their way with privatizing SS as compared to if SS is either left alone, and what it would look like if like Obama suggests raising the cap on the upper level...
HereinDC
· 1 year ago
Excellent point.....
How George Bush AND John McCain wants to privatize....
This time you CAN link McCain and Bush
bacalove
· 1 year ago
That is an excellent observation. Way to go!
Sage24
· 1 year ago
Appalling Palin is speaking right now, and she is blaming the financial crisis on "Washington", and not on the 2 oilman leading (or is it misleading?) this country.Unbelievable. If this was Clinton, you can imagine what they would be saying. McCain just said that he will see that this does not happen to America again, what a joke...he espouses the same damn, failed, policies, and expects things to be different. This old goat, and his little moose, are going to be even more disastrous for this country.
FightForJustice
· 1 year ago
If Obama cannot seize this moment, then I have lost a tremendous amount of faith in his chance for victory. As someone on another blog said...we've lost 600,000 jobs since January and our financial institutions are collapsing. What is more important to 90 percent of us than to have a job and feel safe when we put our money in the bank. It is that simple....
bacalove
· 1 year ago
Write and call those media outlets which repeat and confirm McCain's lies and positons. Who continually give out biased poll dating. If people cannot see the truth or hear the truth from our media, then how will they know it?
ron071
· 1 year ago
bacalove: If the polls are indeed " biased " we have nothing to fear except that we will have lost our democracy to the corrporate $$$$$$$ raiders.
MORE PAIN GUARANTEED WITH McSAME/PALIN!!!!!!!
bacalove
· 1 year ago
This Economic Crisis will be a Big Wake up call in favor of Obama! McCain's Social Security Privitization bill would be subject to the same fate as Lehman Bros., et al. McCain is clueless.
lilybart
· 1 year ago
Excuse me, but if Obama seizes the moment in a forest, will any media outlet hear it?
sukabi1
· 1 year ago
short of seizing one of the media outlets, just exactly how do you propose to make the media cover him?
FightForJustice
· 1 year ago
There is a reason my husband and I have sent his campaign $100 dollars a month...money that is a true sacrifice...so that Obama and his team will beat McCain unmercifully with advertising. Pummel him in Ohio and Michigan which have the highest unemployment stats in the nation. Pummel him. 90 percent of us want a job and to feel safe when we put our money the bank...it is that simple. McCain and his economic team think our fundamentals our strong because corporate CEOS are walking off with golden parachutes from decimated businesses...and we the taxpayers are picking up the bill.
Pummel McCain with simple to understand advertising....that is our only hope. The media will not support the truth or anything close to it.
That is why we give Obama millions....to pummel McCain with advertising. Ohio and Michigan are swing states...they are states where huge numbers of people are desperate for jobs. Pummel McCain with this economic news. Simple direct statements of truth, over and over and over again. Phil Gramm should be a person every single American who can see or hear can identify....as McCain's economic advisor, the father of the deregulation meltdown, and the man who called us all whiners.
dad
· 1 year ago
i blame mccain
Sage24
· 1 year ago
Appalling Palin just introduced her husband as the "first dude". Real classy eh? Apparently, her husband was the winner of a sledding competition, and is a blue collar worker. Great qualifications for a man, who is going to sit with her at meetings, and hold her hand, while they try to solve the problems of this ailing nation. Way to go America! American has really dumbed down.
bacalove
· 1 year ago
So you got your guns but you can't afford your mortgage, what then? When will Americans wake up from the illusion of the GOP Wizards? Republicans are terrible on Economics and they are terrible on National Security and they have been terrible stewards of the Earth. They have Led us into a Fake & Phony war and have yet to fully implement the recommendations of the 911 Commission to keep this country safe and secure. That is not being Strong on National Security! Ground Zero is still a Dark Hole and an open Wound and a symbol of Republican failed polices! We are in an Economic meltdown and Enough is ENOUGH! Let’s expose the myth, deception and lies of the Wizards—GOP (Grand Opposition Party)! Let’s get off the Yellow Brick Road of lies and deception and realize that the power lies within the people to so produce a working government for the people not a government hiding behind a Curtain of corporate greed and special interest groups! They have failed the American people and they have failed themselves. There is no lasting prosperity for thieves and liars and the wrong one does will eventually come back to be reckoned with. This is their reckoning. Even Alan Greenspan has said Americans cannot afford the $3.3 trillion dollar tax cuts proposed by Senator McCain which is not surprising since McCain has admitted knowing nothing about the Economy and told Detroit auto workers their jobs would not be coming back. He cannot even envision a future of 21st Century cars run on solar or another greener more cleaner alternative fuel? Yikes! That is not Change we can believe in!
Now the Grand Wizard, McCain, who is 72 years old has allegedly put his Country First and nominated for V.P. someone totally lacking in national and foreign policy experience, who would be a heart beat away. Woodward in his recent book “The War Within” states that the two sleeping giants when someone takes the oval office come January 2009 will be Iraq and Afghanistan, something Bob Woodward says Bush was disconnected from. Can you imagine that, a President so disconnected from a war he asked Americans to die for? Sadly, there will also be another Giant to face—that of the economy. Brokaw said to Sen. Schumer on Meet the Press Sunday past—I thought when one picks a V.P. pick that they pick the most qualified candidate, referring to Obama not picking Clinton and choosing Biden instead. This goes both ways and McCain did not pick the most qualified person in fact he picked the least. A president will have the Weight of the World on his or her shoulders. Unfortunately for this Country McCain has made a very bad judgment call and a terrible risk. May be he did not use his good judgment in this pick but something less honorable. Barack and Biden are ready to lead and to take up that weight. I do not think McCain and Palin are ready for such a daunting task. We need true leadership and not a false and deceptive wizard giving lip service to lies and deceit instead of truth and light. If we pull the Curtain back from our eyes, we will see he has no Power and McCain the Grand Wizard, is not the person he says he is!
And lastly, all those who fear if they pick Obama/Biden will have to give up their guns is a false/negative. What does having a gun and hunting mean, if their are no jobs to go to? If gas at the pump is $7.00 a gallon? What does it matter if food is sky high and one is unable to prepare even the most basic meals. What does it matter if you get sick and you have no health care—unable to afford a doctor or even medicine? What does it matter if you have your Gun but yet cannot afford the mortgage payments on your home? What does it matter if through a war mentality World War III breaks out and possible nuclear annihilation? Will your guns matter then? We must deal with real issues and not superficial things that will not matter to us in the end and we wished we had of chose wisely instead of through fear, beguilement and deceipt!
devlzadvocate
· 1 year ago
McCain already stole the "Enough" phrase from Obama. Its in an ad out here in Michigan. I don't know about anywhere else.
bacalove
· 1 year ago
You got to be kidding! He will do whatever it takes to win and continue GOP failed policies -- lie, cheat, steal and sell his Soul to the far right-wing of his party!
ron071
· 1 year ago
This election will tell much about the AMERICAN VOTER and it may not be pretty like lipstick on a ------G.
bacalove
· 1 year ago
I have hope that people will vote their pocket book and not their prejudices! Because if we do not unite voluntarily we will still unite unvoluntarily as we all go down with the ship togehter!
bdhp
· 1 year ago
Chris, you are out of your mind, everything is fine. Let's talk about real issues,like lipstick on a pig, and how we are being sexist about St.Sara and how we need to drill for oil. Don't forget the biggest issue facing our times. I have it on good authority, Obama is a black man. I hear he that he was not even born in the USA. Please focus on the real issues!
God help us!
lilybart
· 1 year ago
Hey! Let's sell the economy on EBAY!!! Or shoot it and skin it. Or we'll ask Phil Gramm.
guess this is what America wants.
devlzadvocate
· 1 year ago
It makes me a little sick inside to think this, but I'm wondering if the campaign really has a heart for the win any longer. The ads seem so limp compared to the vitality of the pre-convention push. I actually saw a McCain ad today that used the phrase "Had Enough? Where did they steal that from? I keep hearing the Obama campaign saying they will hit back and then pose lifeless statements and unlikely ads. The electoral vote now favors McCain, so I don't want to be fed this, hand-wringing, bed-wetting bs. The campaign is in trouble and they seem to want to keep running a "gentlemanly" campaign. How nice. You can be a gentleman looking into 1600 Pennsylvania Avenue from the street and we can all gather around the bonfire we build to keep warm.
MNUSA
· 1 year ago
Well, I think we should give them our Social Security dollars to play with. That way their CEOs can make even larger salaries and reap even larger annual bonuses.
I agree, Obama needs to hit this soon and hard. Where is he?
devlzadvocate
· 1 year ago
This electon is only in play for about 30 more days. Then it is pretty much a done deal. Between absentees and early voting and people making up their minds, Oct. 15 is about it.
Thanks for turning me onto him. Great resource. His predictions are pretty damn accurate. Scary, but accurate.
jmcon007
· 1 year ago
The media needs to maintain a microphone in the face of John McCain until he explains how Bush's tax cuts for the insanely wealthy have helped our country and why he feels borrowing even more billions from the taxpayers for another round of McCain/Bush-style tax cuts will 'help' our current financial crisis. Granted, we'll probably hear another POW story, but make him say something.
devlzadvocate
· 1 year ago
By the way, thanks to all of you who enlighten and educate me each day with your wealth of knowledge, insight and resourcefulness. You give me hope for a better world.
Interesting. His quote was - his advisors, "throughout his administration" have been, "intently focused on the problems" and what? They knew about them, they just didn't do anything about them?
Of course we know they didn't. They deregulated until the system fell apart.
ron071
· 1 year ago
PUT THE TAIL ON THE ELEPHANT: Let's ask Phil Gramm to explain his advocacy and responsibility for the financial meltdown due to HIS blocking of regulatory action. Where is the accountability here? Is it still a " RECESSION OF THE MIND? Are we still WHINERS? ACCOUNTABILITY MUST BE PLACED where it rightfully belongs. Every regulatory agency of the U.S. Government has been neutered by this administration and now the chickens have come home to roost. McSAME = MORE OF THE SAME PAIN!!!!!!!!!!!!!!
dcs
· 1 year ago
This is probably blasphemous but...if Obama doesn't start talking about this in specific terms and naming names, maybe he doesn't need to win. Right now, his campaign is 2004-redux.
sgiffy
· 1 year ago
"As a country and as individuals, we do not have the spare cash because we sold our debt to China, who has their own economic problems coming and who are probably fed up with our lousy debt anyway."
Its a graph of the 10 year T-bill. Also known as the national debt(well not totally but its a huge part). Notice how low the yield is. To compare ion the 80's we hit almost 16%. Now the lower the yield the greater the demand. People bid down the rates and bid down they have.
China does not by our debt because they are being nice, they buy it because treasury bonds are considered the absolute safest investment on the planet and China like any entity with money t invest wants a fair bit of that invested safely.
Now we have many problems to solve but demand for our debt is not one of them.
FrozenNorthObserver
· 1 year ago
Obie is on the case in this searing attack on McCain and the economy,," I certainly don’t fault Senator McCain for these problems,"-Obama. He must have been rushed because he forgot to tell us all again that McCain is a hero and the greatest guy ever.
All Comments
How George Bush AND John McCain wants to privatize....
This time you CAN link McCain and Bush
McCain just said that he will see that this does not happen to America again, what a joke...he espouses the same damn, failed, policies, and expects things to be different. This old goat, and his little moose, are going to be even more disastrous for this country.
As someone on another blog said...we've lost 600,000 jobs since January and our financial institutions are collapsing. What is more important to 90 percent of us than to have a job and feel safe when we put our money in the bank.
It is that simple....
MORE PAIN GUARANTEED WITH McSAME/PALIN!!!!!!!
Pummel McCain with simple to understand advertising....that is our only hope. The media will not support the truth or anything close to it.
That is why we give Obama millions....to pummel McCain with advertising. Ohio and Michigan are swing states...they are states where huge numbers of people are desperate for jobs. Pummel McCain with this economic news. Simple direct statements of truth, over and over and over again. Phil Gramm should be a person every single American who can see or hear can identify....as McCain's economic advisor, the father of the deregulation meltdown, and the man who called us all whiners.
Apparently, her husband was the winner of a sledding competition, and is a blue collar worker. Great qualifications for a man, who is going to sit with her at meetings, and hold her hand, while they try to solve the problems of this ailing nation. Way to go America! American has really dumbed down.
Now the Grand Wizard, McCain, who is 72 years old has allegedly put his Country First and nominated for V.P. someone totally lacking in national and foreign policy experience, who would be a heart beat away. Woodward in his recent book “The War Within” states that the two sleeping giants when someone takes the oval office come January 2009 will be Iraq and Afghanistan, something Bob Woodward says Bush was disconnected from. Can you imagine that, a President so disconnected from a war he asked Americans to die for? Sadly, there will also be another Giant to face—that of the economy. Brokaw said to Sen. Schumer on Meet the Press Sunday past—I thought when one picks a V.P. pick that they pick the most qualified candidate, referring to Obama not picking Clinton and choosing Biden instead. This goes both ways and McCain did not pick the most qualified person in fact he picked the least. A president will have the Weight of the World on his or her shoulders. Unfortunately for this Country McCain has made a very bad judgment call and a terrible risk. May be he did not use his good judgment in this pick but something less honorable. Barack and Biden are ready to lead and to take up that weight. I do not think McCain and Palin are ready for such a daunting task. We need true leadership and not a false and deceptive wizard giving lip service to lies and deceit instead of truth and light. If we pull the Curtain back from our eyes, we will see he has no Power and McCain the Grand Wizard, is not the person he says he is!
And lastly, all those who fear if they pick Obama/Biden will have to give up their guns is a false/negative. What does having a gun and hunting mean, if their are no jobs to go to? If gas at the pump is $7.00 a gallon? What does it matter if food is sky high and one is unable to prepare even the most basic meals. What does it matter if you get sick and you have no health care—unable to afford a doctor or even medicine? What does it matter if you have your Gun but yet cannot afford the mortgage payments on your home? What does it matter if through a war mentality World War III breaks out and possible nuclear annihilation? Will your guns matter then? We must deal with real issues and not superficial things that will not matter to us in the end and we wished we had of chose wisely instead of through fear, beguilement and deceipt!
God help us!
guess this is what America wants.
I agree, Obama needs to hit this soon and hard. Where is he?
Of course we know they didn't. They deregulated until the system fell apart.
Nope.
See http://finance.yahoo.com/echarts?s=^TNX#chart2:....
Its a graph of the 10 year T-bill. Also known as the national debt(well not totally but its a huge part). Notice how low the yield is. To compare ion the 80's we hit almost 16%. Now the lower the yield the greater the demand. People bid down the rates and bid down they have.
China does not by our debt because they are being nice, they buy it because treasury bonds are considered the absolute safest investment on the planet and China like any entity with money t invest wants a fair bit of that invested safely.
Now we have many problems to solve but demand for our debt is not one of them.