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NAM Round Table
The NAM Round Table consists of news, insights, visions, ramblings and rants from the writers at New America Media.
As stocks stumble this morning, this from CNN: “According to the poll, Obama was viewed as being better at handling economic issues by 52 percent of the voters surveyed. In comparison, McCain was viewed as better on economic issues by 44 percent. The margin of error on that question was plus or minus 4.5 percentage points. ” Obama blamed the Bush administration and republicans congress and tied Mccain to it – and rightly so – they had control for 7 years and little rules and regulation of market practices to insure oversight. With the situation on wall street as volatile as it is I’m reminded in the 1992 election. Bush senior’s failure to win second term was due to Clinton campaigning on “It’s the economy, stupid!” -Bush senior was They need it (even if my mutual fund portfolio seriously suffers -as is everybody else!). It seems Obama somehow has been loose steam the last few weeks. I think he started acting ‘presidential and ‘dignified too quickly when the empire still want him as gladiator. Americans want to see real blood spilled toward the final show down. Sarah Palin was the perfect entertainment/conversation side show. But now let the real fight begin please. Bring out your weapons of choice, gentlemen! What Obama needs is Bill Clinton on this – a new phrase on the old “It’s STILL the economy, stupid!” – and if he doesn’t get a bump now then there’s something seriously wrong with American voters – fear of change more powerful than a chance to overcome fear.
Put lipstick on a broken piggy bank and, well, it is still a broken piggy bank… Go to this page for the entire commentary. comments |
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John McCain is backing off his “pig” charge, but he did get the necessary mileage out of the fracas. The public was temporarily diverted from contrasting McCain and Obama’s prescription for the economy. Like Bush, McCain believes that the economic “fundamentals are sound.” Like Bush, McCain believes that the best medicine for the economy is lower taxes, an unregulated Wall Street, and a Security Exchange Commission that doesn’t meddle. Follow the links below describing McCain’s economic platform, and you’ll find no mention of reform of the finance industry. Mr. McCain’s top economic advisor and personal friend of decades, Phil Gramm, has always advocated a hands-off approach to regulation. Just last year, Mr. McCain spoke in disapproval of government meddling in the banking business. Mr. Obama has long advocated that the Feds step in and bring some control to the free-for-all that has led the failures of some of the most storied names in banking and lending. Mr. Obama has long advocated economic reform of the finance industry. Although you’ll find that just today, McCain has begun calling for regulatory overhaul of the financial sector, he has always advocated lax regulation. Obama has been discussing the need to strengthen the SEC and regain regulatory oversight for more than a year.
When Americans finally get around to comparing Democratic and Republican plans for reforming the economy, it will not be a happy day for John McCain. I’m sure he wishes we could all get back to Palin pig debate.
See http://www.philly.com/dailynews/local/20080701_Dave_Davies__A_few_minutes_with_McCain.html
http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html
http://online.wsj.com/article/SB120451614688707083-email.html
http://useconomy.about.com/od/fiscalpolicy/p/John_McCain.htm
http://economistmom.com/2008/09/mccain-palin-economic-platform-bush-policy-extended-with-lipstick/
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4510097.ece
http://www.washingtonpost.com/wp-dyn/content/article/2007/09/17/AR2007091700449.html
http://www.nytimes.com/2008/03/27/us/politics/27text-obama.html?_r=1&oref=slogin&pagewanted=all
http://news.yahoo.com/s/nm/20080915/pl_nm/usa_politics_dc
By bill d · Posted on Sep 15, 07:26 PM