Showing posts with label failure. Show all posts
Showing posts with label failure. Show all posts

Monday, October 6, 2008

What Difference Does John McCain Make?

What Difference Does John McCain’s Involvement in the Losing Savings & Loan Meltdown back in 1987, and the Keating Five scandal, make in today’s economy?

What Difference Does John McCain’s Involvement in the Losing Vietnam and Iraq Wars make in today’s foreign relations?

What Difference Does John McCain’s Role as a Deregulating Maverick in Today's Losing Economy have to do with the need to bail out Wall Street with 700,000,000,000 of American taxpayer dollars?

What Do 26 Years of Loss and Failure Have to Do with America’s Next President?

On November 4, 2008, We Can Elect Barack Obama President of the United States, and Joe Biden Vice-President to serve at his side. Unless we want more years of deregulation, loss and failure.

It’s Time to Put Someone Who Knows How to Win for the American people in the White House. Not just to fight, but to win....

Can American Survive Four More Years of More of the Same Loss and Failure? Of Course.

But Thrive? No.


It's Time for Real Change with President Barack Obama.



Thank You for Your Support.

Tuesday, September 23, 2008

In for a Penny, In for the Whole United States Treasury

At Least Federal Reserve Chairman Ben Bernanke had the decency today to say that he has made plenty of mistakes. Has anyone else in the Bush Administration ever apologized to the American people? Has anyone else in the Bush Administration said anything even close to this?

For the Rest of the Bush Administration, right now it's “Empty the rest of your wallets, step aside and shut up, or the whole ball of wax goes up in flames.” This may be as close to an apology as we citizens of the United States are likely to get. For any or all of these messes.

The Free-Market Ideology, the Great Experiment, is now the experiment that has failed. It has failed American Conservatives in particular, and it has failed the American people overall.

Over the Past Eight Years, We Have Seen what the decades-long dismantling of essential regulatory measures has done to the economy—from the savings and loan industry back in the 1980s, all the way through to the banking and mortgage and investment fiascoes of today.

President Bush’s Appointees, Treasury Secretary Henry Paulson and Fed Chairman Bernanke, offer absolutely no assurances as to why we should trust them now, in the face of their long series of failures. If a bailout is necessary, it seems prudent to look for someone different to give the thing a try.

It Is Common to Resist Changing Horses in the Middle of the Stream, even if the horse you’re on is crippled and drowning. That fear of changing “horses” is part of what re-elected President George W. Bush in 2004. As some Conservatives said, “He got us into it; he can get us out.”

Well, It Seems That This Horse Can’t Get Us Out, and indeed his people have continually made things worse. And now his people come to Congress, hat in hand, and beg for the American worker to bail the Wall Street bankers out.

Secretary Paulson Says That If We Try to Limit the Bailout, such as by asking for equity positions in the risky investments that we buy—or by limiting the multimillion-dollar CEO salaries of the companies involved—why, these firms—these CEOs—might just turn us down.

That’s Right: the CEOs of These Desperately Troubled Firms might just say to us, “Thanks....... But no thanks.”

And Then Where Would We Be?

If We All Go down the Financial Tubes Without Their Bailout, at least they won’t be taking $700,000,000,000 more of our money with them when we all go. At least they won't be “laughing all the way to the bank” without us.

The Good News: Exactly six weeks and counting until we vote the current, uh, Free-Market, Anti-Regulation Republicans out.