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Old 09-16-2008, 04:39 PM   #856
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looks like Obama has pounced:

Quote:
Obama Ridicules McCain's Economic Response

By Anne E. Kornblut
GOLDEN, Colo. -- Ridiculing his rival for sticking with "an economic philosophy that has completely failed," Sen. Barack Obama laid out his approach to managing the current financial crisis -- promising to play a proactive role if he is elected president in order to prevent future meltdowns.

Obama has delivered a series of economic speeches over the last year-and-a-half on the campaign trail, and he recapped some of his top proposals here on Tuesday. But the core of his argument was against Sen. John McCain, who has a long record of promoting deregulation and who has repeatedly said the fundamentals of the economy are strong.

Obama poked fun at McCain for proposing a commission to examine the crisis, calling that "the oldest Washington stunt in the book."

"This isn't 9/11. We know how we got into this mess," Obama said. "What we need now is leadership that gets us out. I'll provide it, John McCain won't, and that's the choice for the American people in this election."

Obama also pointed to a history of Democratic presidents, from Franklin Roosevelt to Bill Clinton, who commanded the country through rough financial waters. And he hammered McCain repeatedly -- for failing, he said, to grasp the root of the problems and for only belatedly deciding that greater regulation is needed.

"John McCain has spent decades in Washington supporting financial institutions instead of their customers," Obama told a crowd of about 2,100 at the Colorado School of Mines.

"In fact, one of the biggest proponents of deregulation in the financial sector is Phil Gramm -- the same man who helped write John McCain's economic plan," Obama continued. He said Gramm is "the same man who said that we're going through a 'mental recession,' and the same man who called the United States of America a 'nation of whiners.'"

"So it's hard to understand how Senator McCain is going to get us out of this crisis by doing the same things with the same old players," Obama said.

Obama, appearing in the same town that Gov. Sarah Palin visited a day earlier, drew an enthusiastic response -- with supporters cheering even some of his more wonkish lines. As he wrapped up his speech, Obama's advisers embraced two apparent gaffes by their rivals -- economic adviser Doug Holt-Eakin's claim that McCain had created the BlackBerry, and former Hewlett Packard CEO Carly Fiorina's admission that neither Palin nor McCain would be qualified to run a major corporation.

Still, Obama took a subdued approach, far from the fiery manner that McCain displayed on the campaign trail when discussing the same topic. And he placed renewed emphasis on his history of reform, citing his efforts to ban lobbyists' gifts to legislators in Springfield, Ill., as a state senator and his subsequent work in the U.S. Senate -- a seeming counterpunch to Palin's frequent references in her stump speech to her work shaking up the Alaska establishment.

The McCain-Palin campaign responded that Obama had both "inflated his own resume" and disparaged American workers with his attacks on McCain, who had revised his earlier claim that the fundamental of the economy are strong to state that, in fact, it is American workers who are strong. "Barack Obama offered nothing new except for sharp criticisms of the most fundamental elements of the American economy and pessimism about genuine efforts to restore our country's prosperity," McCain-Palin spokesman Tucker Bounds said.
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Old 09-16-2008, 05:12 PM   #857
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Heckuva job, Republicans.
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Old 09-16-2008, 05:21 PM   #858
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Originally Posted by anitram View Post


Heckuva job, Republicans.
QUOTED FOR TRUTH!!!

Heckuva f**king job.

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Old 09-16-2008, 05:26 PM   #859
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Quote:
Originally Posted by anitram View Post


Heckuva job, Republicans.




:waitsforpostblamingthosenumbersonthecurrentCongress:
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Old 09-16-2008, 05:50 PM   #860
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Quote:
Originally Posted by Irvine511 View Post
:waitsforpostblamingthosenumbersonthecurrentCongress:



yep... am too...



won't be long now...
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Old 09-16-2008, 06:09 PM   #861
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Quote:
Originally Posted by anitram View Post


Heckuva job, Republicans.
Well, if you wanna be a little more precise about economic performance, you'll take into account all the years someone was in office, not just the month they started and one of the last months they were in office. Thats just not very representitive of 8 years. Unemployment initially went up during the Bush administration to 6.3% in 2003, but was brought back down to 4.4 by 2007.

A more accurate way of looking at these figures is to take a look at the average over the time the President was in office. Here is a comparison of Clinton and W administrations on a number of economic indicators and statistics looking at the average performance of each through out their time in office.

The Average National Federal Debt as a percentage of GDP:

Clinton Years 64.5%

Bush Years 61.9%




Average GDP growth rate:

Clinton Years 5.4%

Bush Years 4.8%




Average Annual Poverty Rate:

Clinton Years 13.3%

Bush Years 12.3%



Average Annual Inflation Rate:

Clinton Years 2.60%

Bush Years 2.69%




Average Annual Unemployment Rate:

Clinton Years 5.21%

Bush Years 5.20%




Notice that the average annual poverty rate under W is the 3rd lowest of any administration in the history of the United States. Only Nixon and Carter have had an average annual poverty rate lower than W.



Also, lets not forget that Clinton started with a national debt of $4,064,620,655,521.66 and left us with a national debt of $5,674,178,209,886.86, a 42% increase despite the fact the country was at peace and with the world enjoying the lowest gas prices in history. Bush has had to deal with much higher gas prices and fight two extended wars.
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Old 09-16-2008, 06:34 PM   #862
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Actually, Bush did not "have" to deal with all of that. He fought two wars and had high gas prices when only one was necessary (the less expensive one) and did nothing to combat the gas prices.
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Old 09-16-2008, 06:47 PM   #863
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Actually, Bush did not "have" to deal with all of that. He fought two wars and had high gas prices when only one was necessary (the less expensive one) and did nothing to combat the gas prices.

The number of people who think the world would be safer today and the energy market in better condition with Saddam in power in Iraq gets smaller and smaller.
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Old 09-16-2008, 06:57 PM   #864
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Oh yeah, I'm doing much better now than 8 years ago.

NOT
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Old 09-16-2008, 07:14 PM   #865
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Raising taxes on small business owners and big business will not grow jobs.
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Old 09-16-2008, 07:34 PM   #866
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Raising taxes on small business owners and big business will not grow jobs.
Cutting taxes on big business didn't "grow" jobs, either.


Let's not forget that.
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Old 09-16-2008, 07:42 PM   #867
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The number of people who think the world would be safer today and the energy market in better condition with Saddam in power in Iraq gets smaller and smaller.
Yes, the world is safer now that instead of one nutjob trying to get a finger on the button, Iraq is now filled with thousands hoping to get their fingers on one. And the energy market was going to hit bottom anyway. Oil is antiquated. Face it--the world needed to move on, and this was the impetus. (Actually, it's America that needs to move on--several places in the EU are already doing great with alternative energy, mostly government-sponsored like Obama proposes.)

Saying "Drill, drill, drill!" in 2008 is like saying "Typewriter, typewriter, typewriter!" in 1992. Just plain dumb.

STING, I enjoy it when you say things like "the number of people is growing smaller" when you base the thought entirely on your own opinion. I then enjoy it even more when you follow up by quoting one or two op-ed pieces as proof of a massive movement.
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Old 09-16-2008, 08:33 PM   #868
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Yes, the world is safer now that instead of one nutjob trying to get a finger on the button, Iraq is now filled with thousands hoping to get their fingers on one. And the energy market was going to hit bottom anyway. Oil is antiquated. Face it--the world needed to move on, and this was the impetus. (Actually, it's America that needs to move on--several places in the EU are already doing great with alternative energy, mostly government-sponsored like Obama proposes.)

Saying "Drill, drill, drill!" in 2008 is like saying "Typewriter, typewriter, typewriter!" in 1992. Just plain dumb.

STING, I enjoy it when you say things like "the number of people is growing smaller" when you base the thought entirely on your own opinion. I then enjoy it even more when you follow up by quoting one or two op-ed pieces as proof of a massive movement.

The threat that Saddam posed to Kuwait, Saudi Arabia, the worlds key source of energy, no longer exist in the Iraq of 2008. Not only does Iraq currently not possess the military capabilities of Saddam's Iraq, but more importantly it does not have a government with the history of behavior like that of Saddam's regime, or that has intentions for the future similar to what Saddam's regime had.

Oil is vital to the current global economy and will be for years to come. It impacts the price of nearly everything that you purchase, including the food that you eat. Despite all the talk of alternative energy, nothing currently impacts the global economy more than the price of oil. Even a country like Brazil that no longer imports oil is still impacted by any sort of oil crises, because they import and export billions of dollars worth of goods every year with the rest of the world. The price that Brazil pays for its imports goes up, as the price of oil goes up. When the price of oil negativelly impacts the global economy, it impacts how much Brazil can export.

There is currently no alternative energy source that has been able to change the global economy's current dependence on oil. Hopefully this will change in the future, but in the short term, its vital to keep the planets most important source of energy safe, secure, and as cheap as possible.
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Old 09-16-2008, 08:44 PM   #869
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Quote:
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The threat that Saddam posed to Kuwait, Saudi Arabia, the worlds key source of energy, no longer exist in the Iraq of 2008. Not only does Iraq currently not possess the military capabilities of Saddam's Iraq, but more importantly it does not have a government with the history of behavior like that of Saddam's regime, or that has intentions for the future similar to what Saddam's regime had.
The latter statement is true only because Iraq has a government with no history at all. The future and safety of the country, the region, and its oil have not been determined--and it would be folly for one to believe that they have.
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Old 09-16-2008, 08:49 PM   #870
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http://forum.interference.com/f199/a...-188367-8.html

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