Browsed by
Category: 2008

Put Obama in the White House – NOW

Put Obama in the White House – NOW

President George W. Bush should immediately invite President-Elect Barack Obama to participate in presidential decisions. Don’t wait until Inauguration Day, January 20, 2009. The financial crisis requires immediate coordinated action. We cannot afford to follow the traditional procedure as the economy sinks day by day. On November 15, the leaders of 20 nations will meet in Washington to discuss the global financial crisis. United world action is absolutely necessary to prevent the utter collapse of stock prices and other financial…

Read More Read More

How Healthy are the Candidates

How Healthy are the Candidates

If you apply for residence in a retirement community you will be required to furnish medical information about your present state of health as well as your complete medical history. That information will determine whether or not you will be accepted. If you are a candidate for president or vice president of the United States of America, with the responsibilities of commander-in-chief and the duty to execute the will of the Congress or vetoing their bills, there is no requirement…

Read More Read More

The Next President’s Honeymoon

The Next President’s Honeymoon

The next president will inherit the leadership of a country beset with extraordinary domestic and foreign problems, the solution of which will determine his place in history and his chances for re-election. The Wall Street implosion has reduced the standard of living for millions of Americans, stifled business activity, dramatically increased unemployment and threatened the value of the dollar. The Bush administration will have spent at least $1 trillion by inauguration day to rescue the US banking system from the…

Read More Read More

After The Debate

After The Debate

At the third debate, John McCain accused Barack Obama of promoting “single-payer” national health insurance, a system that puts every American on the equivalent of Medicare, the efficient low cost system that keeps retirees alive. Barack’s response was a grin and “who me?” Then he and McCain outlined their complex health insurance plans that few could understand in detail, plans that would cross a rabbi’s eyes. Neither candidate told us how to revive the crashing economy, joining the professional economists…

Read More Read More

McCain’s Last Gasp

McCain’s Last Gasp

William Kristol, the neo-con columnist at the New York Times, has surrendered the campaign of John McCain. “His campaign is totally overmatched by Obama’s…McCain is doomed.” Obama’s lead in the polls is lengthening. He is far ahead on domestic issues although today’s stock market rally will help McCain by modifying the wave of bad financial news. Public concern about foreign and military policy, issues on which McCain is strong, continues to slide. Look for a shift in the McCain strategy,…

Read More Read More

The Best and the Brightest (Part 2)

The Best and the Brightest (Part 2)

Yesterday I blamed financial leaders and gurus for the financial turmoil destabilizing our country and the world without mentioning their names. Today’s New York Times, October 9, has the errors and the perpetrators in full gory detail led by Robert Rubin, Lawrence Summers, and especially Alan Greenspan. The heroes, ignored and unacknowledged, who tried and failed to establish an adequate regulatory process were Edward Markey and Brooksley Born. Read the story and weep, then make sure that the people who…

Read More Read More

The Best and the Brightest

The Best and the Brightest

The current financial crisis is widely perceived as the greatest threat to the stability of the USA. This threat was: Not caused by radical Islamic terrorists Not by Colombian drug lords Not by organized crime Not by radical right-wingers Not by radical left wingers Not by inner-city street gangs This crisis was created by the best and the brightest Americans Educated at our finest universities The elite of our society by virtue of talent and riches The leading donors to…

Read More Read More

How to Spend One Trillion Dollars

How to Spend One Trillion Dollars

Why should the American taxpayer bail out selected bankers and financial institutions from the consequences of their poor economic decisions, their business mistakes? Why should the American taxpayer bail out selected homeowners who knowingly signed mortgages they could not afford? If our objective is to avoid an imminent recession or another Great Depression, why doesn’t the United States government spend the $1 trillion by giving it away to the 300 million Americans, every man woman and child, each receiving about…

Read More Read More

Gambling with Other People’s Money

Gambling with Other People’s Money

I am a Democrat. I support Barack Obama. I have made substantial contributions to the party and to Obama. I am dismayed that John McCain is actually leading Obama in the presidential race in the national polls and in the Electoral College. If the Democrats cannot win the presidency after eight years of Republican incompetence, President Bush’s unpopularity, the foreign and military failures, the rising unemployment, then they ought to find another line of work, fold the party, and let…

Read More Read More

Phenomenon, Phenomena

Phenomenon, Phenomena

When the pundits cannot explain a political development, they label it a phenomenon, often defined as an outward sign of the working of a law of nature and therefore beyond human control, or an extraordinary person or thing, and therefore deserving of our admiration and love. Barack Obama knows about phenomenon. For a year he was regarded as a super person by supporters and detractors. The nation hung on his words, few in number, “change, hope, yes we can,” that…

Read More Read More