This post is about a coherent as JM's economic plan.

• Do pubs ever take personal responsibility for anything? - McC campaign trying to blame O for Troopergate. s
  • Oh, what a tragedy. But, being friends with a - terrorist and lying about it is less important?nm
    • Are you illiterate, dyslexic, have ADHD or hard of hearing? - Pay attention this time. sm
      • name-calling, same old liberal. Comparing SP to - Saint Obama. HE is the scary one.nm
        • Yeah, and the SP thing is ridiculous. She is found - guilty, but "broke no laws"..keep trying.nm
      • Here's a deal - the pubs will take the wrap for troopergate if - sm
        • Why don't you just come out and say it? - U couldn't give direct answer if UR life depend
        • O is not under investigation for voter fraud - except in your paranoid fantasy world. sm
          • My life will be cursed? What kind of freakazoid are you? - nm
          • ACORN has already admitted to fraud. - Obama used to be their lawyer, but who cares? nm
        • What an ugly thing to say. Keep spewing hate. We will see on Nov 4 - won't we? nm
          • Guess what - those people are Americans too - - Amanda
      • PS; The Alaska State Legislature is - controlled by republicans. nm
    • Yeah, Rev Wright does not matter, Rezko does not - matter, ACORN doesnt matter -denial.nm
      • Time to find another mantra. McCain has - defennded Obama's decency. sm
        • Geeze, even Obama would have "been nice" - sm
          • This post is about a coherent as JM's economic plan. - What are hou talking about? nm

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Click on the individual windows to get the complete plan. 

http://www.johnmccain.com/Issues/jobsforamerica/

As you read the piece (see link below) in the London Times, substitute "Obama" for Brown, and "Geithner" for "Darling".  Then multiply the billions in pounds by 1.5 to change them to US dollars.  You'll think you're reading about the US plan - and the same catastrophic results, among which the worst are:

1.  A burden on future generations of unparalleled and unprincipled proportions.

2.  An outflow of investment capital to other countries that do not penalize the engines of the economy.

What struck me about Brown's plan was his "soak the rich" approach, which exactly mirrors Obama's - i.e., hitting the "upper 2%" of the "wealthy".  It is more than passing strange to me that this is the precise percentage that Obama proposes - and is equally doubtful.  Given Brown's recent meetings with Obama, no one will ever convince me that he didn't get some tutoring from our superclown...er, I mean, superpresident.

Another thing that's striking is how Brown's proposals are structured so that the real pain will be imposed after the elections in GB next year.  In Obama's case, most of the real pain has also been scheduled for the "out years" - meaning that the public won't begin to feel them until beyond 2011. 

And finally, there is the criticism that Brown's program is based on a lot of rosy "recovery" predictions which are very doubtful.  Exactly the same criticism has been leveled at Obama's program, and in our case the criticism has come not from the opposition party but from within the government itself, i.e. the Office of Management and Budget - which is considered to be a very credible source of information on this sort of thing

Cut and paste, or follow the link at the bottom: http://business.timesonline.co.uk/tol/business/economics/article6168950.ece?Submitted=true

.

The  IDEA of:

It may seem that he's acting a little early, but given the economic state of this country, I don't think that's such a bad thing.

He also has a parent-teacher meeting just before that...good for him!

the stock market is tanking again. It's down to -212. I have never seen the INDP as low as today at 7154. I think part of it is because they talked about nationalizing CitiGroup and Bank of America.

We all gonna drown. Hope you all have a life jacket.

10.   Blissful ignorance.  "The economy is not my strong suit."

 9.    Ridicule.  In an interview with the Washington Post on 07/9/2008, McCain advisor and national campaign general co-chair Senator Phil Gramm was defining McCain's plans to reform the U.S. economy.  Gramm explained the nation was not in a recession, stating, "You've heard of mental depression; this is a mental recession," and "We have sort of become a nation of whiners, you just hear this constant whining, complaining about a loss of competitiveness, America in decline."  This would be the same Phil Gramm of the Gramm-Leach-Bliley Act which allowed commercial and investment banks to consolidate.  The legislation allowed Swiss Bank UBS to purchase several American institutions. Gramm later became a lobbyist for UBS, collecting over 750,000 USD in fees. UBS alone issues over 18 Billion USD in subprime mortgages.  

 8.    Denial.  Black Monday, 09/15/2008.  John McCain:  "The fundamentals of our economy are still sound."  A worldwide stock market crash occurred as Lehman Brothers filed Chapter 11 bankruptcy and major investment bank Merrill Lynch was sold to Bank of America. Dow Jones Industrial Average lost more than 500 points, which is the biggest point drop (up to that point) since September 2001.  FTSE 100 dropped 212 points, and it was the biggest one-day percentage drop since January 21, 2008. Hong Kong, Japan and Korea stock market suspended that day due to public holiday, and they fell over 5% on the following day.   Two weeks later, we had a blacker Monday (09/29/2008) with a 777.68 point drop on the Dow Jones Industrial Average.

 7.    Political grandstanding.  Announcement of suspending his campaign to return to DC to "lead" Congress during economic bail-out negotiations.  This effort led to a defeat of the measure when the votes were cast.  Tried unsuccessfully to use the bailout as an excuse to postpone the presidential debate.  

 6.    Flip-Flop.  Claims to support regulation.  Record says otherwise. 

 5.    Incoherence.  Threatens to fire the chairman of the SEC if he were in office, even though the president does not have the authority to do so.   

 4.    Theft of intellectual property.  Claiming previously existing mortgage buy-out proposal as his own. 

 3.    Avoid / change the subject.  Greg Strimple, a McCain top advisor:  If we keep talking about the economy, we will lose." 

 2.    Engage the politics of division, hate, fear mongering and cultural warfare with high-gear Obama smear campaign:  Ayers, ACORN, Farrakhan, Rev Jeremiah Wright, Barack Hussein Obama, etc.      

 1.    McCain’s send message to voters is to stop whining about the economy and start focusing on attacking Obama.

and additionally says that we are a nation of "whiners.' McCains top economic advisor is Phil Gramm.

How do you feel about these remarks? Additionally have you or someone you know been experiencing tough times in the last year?

DHL said it was making the cuts to improve profitability and "to prepare the company for the economic challenges ahead."

The company said this latest action would add $1.9 billion to its restructuring costs, for a total of $3.8 billion over two years, most of it during 2008. The company said the cuts would reduce the annual operating costs of DHL U.S. Express to less than $1 billion, from its current cost of $5.4 billion.

DHL is owned by the German company Deutsche Post World Net.

• The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
  
  
  
• Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
  
  
  
• Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
  
  
  
• Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
  
  
  
• The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
  
  
  
• Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
  
  
  
• Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
  
  
  
• Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
  
  
  
• The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
  
  
  
• An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
  
  
  
• Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.
  

The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.

–by Joe Miller and Brooks Jackson

http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html

I assume you watched both conventions?????  I watched the Dems and now I'm watching the Pubs.  I am an INDEPENDENT.  I would support Obama were it not for my research of the church he has been associated with for 20 years.  This church, in my humble opinion, belongs to an extreme, radical, racist group.  We don't need that in the White House. With the exception of illegal immigration, he pretty much addressed all the things that I feel are important to the future of my children and grandchildren and were it not for his affiliation with his chosen church, I would probably vote for him.  .  At least he had the good sense to select a person as his running mate who actually might be "ready on day one" to lead this country.

Secondly, again in my humble opinion, McCain has a few screws loose rattling around upstairs.  He answers every question, even about how many houses he owns, with something like, "well, the longest time I spent anywhere was when I was a POW."  Other than that it has been all about bashing Obama and his not having "experience."  Then look what he did.  Picked a little-known female who has been abroad exactly once and tries to pass her off as "experienced." Truth:  She is a female and her state is the second largest producer of oil.  Bush governed the biggest oil producing state.  Enjoying those prices at the pumps?   To this point all the pub speakers have pushed McCain's war record.  What?????  Do we need more war?  I think a peacemaker would be better.

Now, before anyone pounces on me, I support NEITHER of these candidates and NEITHER will receive my vote.  Either way, the middle class Americans, to which I expect most MTs belong, lose. Our government will change when and if the majority of Americans quit using their heads as a hatrack for the Democrat and Republican parties, kick them out and bring back government "of the people, by the people and for the people."  Won't  happen this time but maybe next time won't be too late.

First of all, let me say I was undecided on this election until yesterday.  Obama's tax plan scares me to death.  I heard him on an interview yesterday, and he said that the top 5% of the country could *afford to help out those less fortunate to us*, meaning those that make above $200,000.  He also said that someone making under $45,000 would *probably* not have to pay income taxes, because all the tax revenue would be generated from the top 5% of the country, again, who could *afford* to help out his fellow man.

So, here's my question.  If I work my BUTT off making a great living for my family, who the heck is he to say I have to share it?  My husband and I put ourselves through school to get a good education for ourselves, searched for good jobs, worked more than one sometimes, and enjoy or standard of living, because we worked hard for it and EARNED it.  How dare he suggest that I have to share that with ANYONE, just because they dont' have as much.  We give to quite a few neighborhood organizations and national charities, we do not keep every penny for ourselves. 

If he does get elected and puts this new plan in place, why would people work hard to make a good living if quite a bit chunk of it is going to be taken away?  Why not just sit back, work as little as you want, stay under that $40,000 radar, not pay income taxes, and have the government give you some other *rich* guy's money because you don't have as much?

This really made my mind up for me.  It's time this county taught some personal responsibility and accountability, and I do not think he is the one for the job!

you will need to keep things like OBAMA and OSAMA straight.  The political system was based on the assumption that voters would know the difference between a tall black man running for president and a tall man in a sheet running for cover.  Study up.  Only a few more weeks . . . I'm betting you can do it.