It's the Economy, Stupid
The Obama campaign today released a new ad called "Fundamentals" following yesterday's disastrous day on Wall Street. Watch it, AFTER THE JUMP...
Posted Sep. 16,2008 at 9:06 AM EST by Andy Towle in Barack Obama, Election 2008, John McCain, News | Permalink
Q: to quote the fabulous gilda radner as roseanne rosanadanna: "have a nice day, drop dead, goodbye."
Posted by: the queen | Sep 16, 2008 5:33:38 PM
Name calling. Fantastic. Keep it up, boys.
For those people who give a fuck - just keep hammering on the economy. Despite the senseless blather of people like Mr. Wade, most people understand that voting for McCain means voting for the status quo. By his own admission, McCain doesn't know a thing about the economy. His suggestion that we put together a "commission" to address our immediate economic concerns only nails this point home.
McCain = Bush = Continue Economic Meltdown (repeat).
Posted by: Dan | Sep 16, 2008 6:30:54 PM
As a former free market republican, and employee of several large companies over the past 20 years I can say this: The President can set the tone, set his agenda, work to push it through. We've had deregulation in many industries for 25 years and in some industries it has done us good, but not in the financial services industry. The past 8 years have been nothing other than "No one is minding the store".
Greed triumphs over what free market theories assume is rationale behavior. Wall Street, led by Salomon Brothers in the early 1990's, instituted programs in which company stock became a large part of bonus programs. This was meant to encourage long term value-creating behavior instead of short term bonus-hunting. What this means is that the people responsible for this mess have lost many many dollars when their restricted stock and option plans cratered [though they still earned enough cash to retire nicely in Del Boca Vista, Phase II]. Unfortunately they took down secretaries, mailroom guys, and many other professionals who had nothing to do with the crisis.
The key to preventing this in the future is to institute a reasonable [emphasis added] amount of regulation, to be developed and overseen by a qualified organization [lots of emphasis added here], and adding criminal penalties where regulations are disregarded. And making those responsible for such malfeasance personally liable in a civil court.
Please accept my apologies as I indeed voted for Bush. I am a recovering asshole.
PS I got The Queen's joke. I thought she was African American, am I confusing her with Derrick from Philly?
Posted by: Ted | Sep 17, 2008 12:06:12 AM