Thread: WTF? Herbert Hoover 2.0?
EyelidsGuest09-17-2008, 01:28 PM
If I'm not mistaken, I think the 70 some-odd year experiment of that kind of society failed miserably under Mr. Reagan’s watch. I read that in a book somewhere. Again, please feel free to correct my perspective if you can actually educate me on this 'plan for change.' Right now I think my vote might be "no," but I’m fairly open-minded.
EyelidsGuest09-17-2008, 01:36 PM
I'd like for somebody to actually show me how this idea wont work?
It's about as centrist as they get, you are blending a far right open market for non-essential goods and a command economy for the things people need.
09-17-2008, 01:42 PM
My 'Spidey Sense' tells me Obama will hammer folks at the $500,000 per year folks and small business owners will just move their investment dollars overseas.
EyelidsGuest09-17-2008, 03:18 PM
By the way, lets thank our lucky stars this isn't our social security money being lost on the market right now.
09-17-2008, 05:34 PM
McCain Blames Greed for Wall St. Mess; Obama Blames GOP
By RICK KLEIN
NIAGARA FALLS, N.Y Sept. 16, 2008—
An angry Sen. John McCain indicated today that as president he would launch a 9/11-commission style investigation into what he called "the old-boy network and Washington corruption" that created the current Wall Street crisis and has endangered peoples' savings and retirement funds.
McCain and his White House rival Sen. Barack Obama traded furious accusations and charges Tuesday on the economy as both campaigns jostled for position on the unfolding financial meltdown.
The economy had already been established as the No. 1 issue for voters, but the bankruptcy of Lehman Brothers, the fire sale of Merrill Lynch, and the desperate efforts of American International Group to avoid collapse has rattled Main Street as well as Wall Street.
Watch Wednesday's exclusive interview with Sen. John McCain and Cindy McCain aboard "Good Morning America's" Whistle Stop Express starting at 7 a.m. ET
The future of AIG, the country's largest insurance company, hung in the balance Tuesday. Its stock dropped 61 percent since Monday and the federal government ruled out any taxpayer rescue. McCain said Tuesday he agreed with the decision of the federal government to not intervene with AIG saying taxpayers should not be "on the hook" for AIG's problems.
"We cannot have the taxpayers bail out AIG or anybody else. This is something that we're going to have to work through," he said.
McCain's stance on the economy has been under attack from Democrats since he released an ad Monday that said the economy was in crisis, but later gave a speech saying the "fundamentals of our economy are strong." He defended himself Tuesday and laced into a denunciation of corporate greed.
"I said the fundamental of our economy is the American worker. I know that the American worker is the strongest, the best, and most productive and most innovative," McCain, R-Ariz., told ABC's Chris Cuomo on "Good Morning America" Tuesday.
"They've been betrayed by a casino on Wall Street of greedy, corrupt excess -- corruption and excess that has damaged them and their futures," he added.
McCain said he wants an inquiry into what led to the current mess, though he did not offer details.
"We're going to need a '9/11 Commission' to find out what happened and what needs to be fixed," he said. "I warned two years ago that this situation was deteriorating and unacceptable. And the old-boy network and the corruption in Washington is directly involved, and one of the causes of this financial crisis that we're in today. And I know how to fix it, and I know how to get things done."
"Americans are hurting right now, and there's going to be a ripple effect of this financial crisis because of the greed and corruption and excess, and Wall Street treated the American economy like a casino," he continued. "And we can fix it, and we've got to keep people in their homes."
09-17-2008, 05:39 PM
"I said the fundamental of our economy is the American worker. I know that the American worker is the strongest, the best, and most productive and most innovative"
Actually John, you said it the second time - after the Democrats screamed like stuck pigs - because, again, you were so far out of touch in the morning that your handlers scurried around and fabricated a rebound statement when the tide came back in, later in the day. This tactic screams weakness.
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