Tag Archive for Economy

How to Keep Obama (& Congress) Honest

I’ve been talking about this at C4O Democrats this week, and now I want to hear from all of you on where we need to start to “keep Obama honest”. Oh yes, and the same goes for Congress as well. We elected them because we want change we can believe in, so now’s the time…

700 billion “rescue plan”

My step Father, a naturalized citizen of the United States shared with me the following letter he sent to President Bush on Thursday. We rarely agree politically. As I usually point out to him, “he doesn’t know what he’s talking about.” At any rate, his letter is insightful and offers a different perspective on the…

Former REPUBLICAN LA Mayor Endorses Obama!

Yes, it’s true. Richard Riordan, the REPUBLICAN who was elected as Mayor of Los Angeles from 1993-2001, is now endorsing Democrat Barack Obama for President! Why? Riordan said the Illinois senator was by far the best choice for the White House and the only one with the intellect to shepherd the country through troubled economic…

What ever happened to free-market Capitalism?

AIG Bailout Means Drastic About-Face for Feds Government Providing AIG With $85 Billion Loans; Feds’ Move Stands in Stark Contrast to Decision on Lehman Brothers By SCOTT MAYEROWITZ and CHARLES HERMAN ABC NEWS Business Unit Sept. 17, 2008- Hoping to avoid a worldwide financial meltdown, the U.S. government last night took the unprecedented step of…

McCain either doesn’t know, or doesn’t get it

For the past couple months the foundation of our economy, the banking system and the financial markets have started to visibly crumble around us. But for John McCain the fundamentals of our economy are strong. To paraphrase Jon Stewart on last night’s Daily Show: we are still using currrency to buy stuff, we aren’t using the…

WDYT: The Financial Crisis

As I write this now, the Dow Jones Industrial Average is already down 300 points and the Nasdaq Composite is falling 60 points just minutes after the Opening Bell. What’s rocking Wall Street is the total financial meltdown. Lehman Brothers, one of the oldest & (once) strongest institutional investment banks on Wall Street, is filing…