Vogue has gotten with the program—the Magazine featured Obama on a Special Issue entitled “Visionaries.” First and foremost, kudos to Vogue Magazine for doing the damn thing! First they had Black Vogue Italia and now Obama on the cover of Men’s Vogue. In the words of Melissa, it “looks like Vogue does realize the earth has other people besides…stick figures.” Amen to that! Can't wait to receive the hard copy to see what the article on Obama is about. Yes to PROGRESS!
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Let's look at the Facts:
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer (and current Obama advisor). ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."
So, you mean to tell me that Fannie Mae's Chairman 10 years ago, and current Obama advisor doesn't benefit from this bailout??? He is saving his own end and the democratic institutions of Fannie Mae and Freddie Mac.
Fannie and Freddie were involved in almost half of the mortgages in the country. They set the table and ran the show. They are Democrat institutions started by Democrats headed by Democrats, noone would argue different. You had democratic groups like Acorn arguing for banks to lend money to marginal clients. You had senior Democrats like Barney Frank saying Freddie and Fannie have more money than God and don’t need to be pulled back. McCain voiced his concern over these institutions and was disregarded.
And regarding taxes?? His big plan is to GIVE everyone $1000 and CUT TAXES FOR 80% of Americans (He claims 95). Well first of all 30-40% of Americans already DO NOT PAY TAXES, so if you ask me THIS IS WEALTH DISTRIBUTION AND IS A socialism and welfare concept. Obama has voted for earmarks since the day he entered congress to the tune of almost $1m a day.
If Obama wins, you will mark the day on the calendar as the day the United States really fell into turmoil. He has no concept of an economy and stinks of corruption. The only thing he can do better than McCain is speak, and I don't care if our president can speak, I care if he can lead a country, not a COMMUNITY. He is a very bright individual but all his propaganda and speeches are spoken like a true lawyer. He makes sure to never explain how he is going to do anything, but what the results will be. It's like throwing at a dartboard blindfolded.
Let's also not forget he votes 97% DEMOCRAT....well I dont know about you, but I'm not exactly keen on that large of a number especially since this is the time period that democratics and republicans need to come together to get things done, which McCain suggested and of course Obama refused to back up choosing the debate over helping our country.
Overall,
Follow my train of thought – if we are now forced to use tax dollars to save these companies or else there will be broad pain across the economy, the tax payer needs to have a seat at the table regarding how there institutions are run. If we could just let them fail, which I always previously believed we could, then we wouldn’t need the regulation (beyond the obvious basic regulation new already have of course). However, if these companies need to be bailed out by the tax payer, we need safeguards so it doesn’t happen again and again. The scary part about this to me is this is essentially a socialized system. It is a model more like China’s financial system then a capitalistic one. If someone can answer the question about bailing them out and not regulating them please let me know? There is the other obvious choice of letting them all go under, but people much smarter than I have analyzed that prospect and decided it can not happen. It could devastate our capital in this nation, I am sure we could recover eventually, but watch all the companies along with future research and development leave for other countries in the mean time. That is a prospect we can’t bare with such intense global competition already
Also,
These are my thoughts specifically about the bailout, and the economy overall. If we get started on the war, I can also prove that Obama is completely wrong in his train of thought.
I respect Obama's education and ambition, but beyond that McCain is the clear cut choice to lead this country through the next few rough years.
Thank you.
I respect your opinion. But I beg to differ. As I recall, McCain's response to resolving the economic crisis to suspend ALL federal expenditures except for military/defense efforts. Excuse me? Seriously? The war is pointless, as Obama pointed out we went into Afghanistan for a war against terrorism/al qaeda and now we are in Iraq. To fund a war that isn't serving its initial intent baffles me. And then his answer is to suspend funding for everything else? Hello!! People still need to go to school, health care is still an issue-- you sacrifice spending in those areas you sacrifice the social health of this country. The economic crisis is not a governmental fault, it's the fault of big-wig CEOs who didn't put the money where their mouth was and now wants a cop out.
Also a very good opinion, and although I think we need to stay in Iraq now, I admit that we went in there with our blinders on.
The economic crisis is due to big wig CEO's of Fannie Mae and Freddie Mac, but as I said before, the CEO of Fannie Mae is CURRENTLY Obama's Advisor. Can you explain that? Can you explain to me how this individual would NOT benefit from Fannie and Freddie getting bailed out??
I understand why these companies need to get bailed out, but is it my responsibility as a tax payer??
As for the war, If we were to bail from Iraq now, much of what we accomplished would be gone. Also, for the same individuals criticizing us now for the war, a majority of these individuals said we needed to do something, and this includes throughout the world.
I was also hoping you would address my socialism comment, because all you hear about is foreign leaders loving Obama and how they all will work well with him. This is because they run socialist areas that have similar "communism" views.
I'm definitely not saying Obama is dumb. He is very well educated and has done plenty good for many people I'm sure. What I am saying is that he is not meant to run a free market, free will country such as the United States.
There's one part that most of us can agree on - and that's the corrupt CEOs are, in part, majorly responsible for the economic crisis we are currently in (I can personally attest to this, as I am a current legal division employee of one of the two mortgage giants)...but let's be clear on the facts, John McCain is an avid support of deregulation - which puts him in the same league as most of these corporate criminals. John McCain supported the deregulation of the Savings and Loan industry. And mind you, he accepted lavish gifts and private jet trips for CHARLES KEATING - who benefited directly from the legistation. He also degregulated the energy industry, and HE SUPPORTED the deregulation of the mortgage industry.
And please, let us not forget that John McCain's campaign manager's firm received monies from Freddie Mac - which directly contridicts John McCain's statement he made the week of Sept 23rd, that Rick Davis has no involvement with Freddie Mac for the last SEVERAL years (How about AUGUST??). "On Sunday, in an interview with CNBC and The New York Times, Mr. McCain responded to a question about Mr. Davis's role in the advocacy group through 2005 by saying that his campaign manager "has had nothing to do with it since, and I'll be glad to have his record examined by anybody who wants to look at it."
To me, it's laughable that he's now supporting the reregulation of the financial markets?? Come on John McCain, you need more people. We're not buying that suddenly you're all for "change" - although it was cute to watch him act as though he was - and then in the very next breath say, He wanted to ease taxes on corporations (from 35% to 25%) in last week's debate...of course you do, John McCain, just in line with your entire life's work.
Us regular folks, who work nine to fives, who know how many homes we own aren't looking for more of the same.
We're not looking for more corporate loopholes (like the infamous Enron loophole that John McCain has made every effort to block closing)....we don't want any more "trickle down" economics - I know who I'm casted my vote for in a month and it's not for more of the same.
YES WE CAN!
Oh yeah - I forgot to address the "socialist" aspect of Mr. Obama. Let's us not forget, we are in economic times where the DOW has dropped to a NEW historical low. Wouldn't we all agree in a situation, where the country could be on the verge of an economic depression (although less than two weeks ago, Mr. McCain said our economy were "fundamentally sound") this would be the time to institute more programs? Kinda reminds me of a time FDR presented in his New Deal, in the 1930s - during a time that was economically similarly situated to the present. Isn't FDR and his New Deal soundly regarded as saving our country at the time and he is also regarded favorably as one of our nations greatest presidents?
Thank GOD for some of these programs, such as the FDIC (where would be without it, present day, with all of these banks going under), FHA, SSS and the SEC??
America is socialist if all children have health coverage?
Improving education and thinking long-term so that our country can compete is somehow communist?
What is this, the red scare? Am I having a flashback to the late 40s and 50s or is this 2008?
Is it a crime if our future president is well received, around the world? I thought the main cause of terrorism was that most countries hate us? So now we have an opportunity to have them respect our president and we run from that chance?
I don't get it...isn't this what we want?
Well...maybe some of us :)
It's definitely what I want!
In regards to the 1st post:
I'm not denying anyone received monies or anything from Freddie Mac or Fannie Mae. My guess is that almost every politician on both sides received some sort of compensation from this entire meltdown. My beef isn't with the fact Raines and other demcocrats will benefit from the bailout, as much as it is that they put us here.
And with Obama, the main plan is to tax these big oil companies more money?? Do Americans not realize that a huge reason the price of gas is so large is the taxation put on it by our own government??? I mean I would love to stick it to oil companies, as their profits are rediculous and Leaders are wealthy enough for all the generations in their families, but the only way Obama's big plan for cutting taxes and giving everyone money will benefit people is if they don't buy gas, don't go to the grocery store, and don't invest their money. Essentially he wants to take American's ability to take risks and earn money.
There is truth to the trickle down theory, although there are also a lot of holes, but the wealthiest individuals in the world avoid taxes anyway, which is sad but true, but the main individuals that will end up being hurt are exactly the ones Obama tries to help: Middle Class Americans.
In summary, complaining about more of the same is like complaining about Obama politics, because once again it is a liberal belief system that everyone deserves equal that got us here in the 1st place.
In regards to this last posting. I do want to say I love the support you have given up as most of my arguments have ended with the other side just saying "McCain is dumb" or something like that.
It maybe time to enact some programs to get this economy out of its rut, but the basis of economics is there are peaks and troughs, and currently we are in a trough. Why can't we let the market correct itself like millions of economists suggest???
I do appreciate programs like the FDIC and similar programs. These programs are out there to provide Americans the insurance that they are safe, not to provide equality in monies throughout the nation like Obama is suggesting.
I don't want other countries to "like" our president, especially based on his socialism beliefs, I want other countries to RESPECT our president.
As far as long-term competition and improving education??? I will try to follow your train of thought: we are going to get a tax cut, but support a larger education program while gas prices go down, home prices go up, and people that cant afford loans are going to be bailed out, while increase taxes on oil companies??
IT DOESNT MAKE SENSE. FOLLOW THE LOGIC.
And when you talk about McCain as a flipper, lets look at facts about Obama, Mr "I change my mind every day on every point in the election" Obama. He flips his ideas on the war and the economy almost every chance he gets. You can't pleas everyone Obama, and you especially can't please me.
Well, it's definitely clear that you and I will be supporting different candidates on Nov. 4th.
I guess that's what America is all about.
So let's make a toast to Democracy and most of all.....
Let's enjoy this wonderful Vice Presidential debate tonight at 9pm on ABC - I, for one, cannot WAIT :)
I hope they're just as good as the Katie Couric interivews, YAY!
Yeah, Katie Couric is really impartial. She is as liberal as it gets. If anyone extreme right winged individual interviewed Obama it would be just as big of a joke, but you keep making fun of our VICE, while I focus on your actual PRES candidate.
And yes, we will support different people and that is America, the best country in the world :o) whether it is ran by a democrat or a republican.
You both have made valid points covering the economy/ bailout, and come to an agreement: agree to disagree. So there’s no need to keep beating a dead horse. However I think this whole notion and misconception of socialism and communism being one in the same must be addressed. Communism is a political system; socialism is not. Rather, socialism is merely an economic approach to the distribution goods and services to reduce the disparity of wealth between people. Presumably it’s safe to assume that most people’s reference point for communism is the Soviet Union. That said, although Lenin and his Bolsheviks, and I guess you can include Stalin, were in theory influenced by Marxian thought, their actual execution of Marx’s views (communism) was far from socialism. I do not believe Americans, nor Obama, want to institute a police state, government collectivization, the elimination of private ownership of property, exploitation of the working class, etc, etc. No wants to uproot our fundamentals values of democracy and establish a communist police state. However, America has adopted and implemented many socialist views. The end of child labor, legalizing unions, a 5 day work week, welfare, unemployment insurance, disability, abolishment of the monarchy, free education, universal health care are all socialist values.
So some one, please tell me what is so scary about socialism? Secondly, stop using these two terms, communism/socialism, interchangeably to evoke some kind of fear of the return of the red scare in the hearts of Americans. I hope Americans have caught on to these weary scare tactics.
Also as far as people liking versus respecting our president. Step into the 21st century, thanks this war we threw ourselves in and the vast amount money that has gone to this irresponsible effort, America’s “superpowerness” has faded. Globalization is the key word here, the characters on the international stage have broadened. Let’s face it; it’s time for America to accept that with the last eight years of this administration and this war we’ve lost some leverage. This whole notion of the world needs to “respect” America and not like us is definitely outdated. Alienating what few allies we have and making more enemies is not the way to go forth.
Come on people... it is time for a change.
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