Lou Dobbs just did a commentary on CNN that repeats what I said earlier...that Treasury Secretary and Bush appointee Henry Paulson is an "empty suit" and "incompetent". Sometimes I agree with Dobbs, other times not, but tonight, he agrees with me. Paulson's latest is that he is against limiting executive pay at these firms where CEOs get hundreds of millions of dollars for destroying their companies. They should get not one thin dime of taxpayer funds, despite Paulson's desire otherwise.
Paulson...do the honorable thing for once in your life and resign immediately. If you don't, President Bush should fire you.
Monday, September 22, 2008
The Difference is Clear
As an update to the previous post, Senator McCain is now supporting oversight to go along with the Wall Street bailout. He is saying that "trust me" from the bankers isn't good enough. Of course not, and I am pleased to see him take this stand, even if he is saying it for political reasons. However, he is only looking at the short term.
Senator Obama is proposing not only oversight, but reforms to insure this doesn't happen again. These include bans on people coming from an industry being able to be in charge of regulating that industry; bans on anyone who leaves his administration from ever lobbying the administration; creating more transparent government by allowing people to read bills and comment on them via the Internet prior to his signature; and to reform the entire government contract process. This is a leader with ideas. This is a refreshing change . . . a change we need now.
And yet, the DJIA dropped over 370 points today, and oil has its highest ever one-day price increase.
Senator Obama is proposing not only oversight, but reforms to insure this doesn't happen again. These include bans on people coming from an industry being able to be in charge of regulating that industry; bans on anyone who leaves his administration from ever lobbying the administration; creating more transparent government by allowing people to read bills and comment on them via the Internet prior to his signature; and to reform the entire government contract process. This is a leader with ideas. This is a refreshing change . . . a change we need now.
And yet, the DJIA dropped over 370 points today, and oil has its highest ever one-day price increase.
Political Thoughts on This Equinox
Today is the autumnal equinox in the Northern Hemisphere, and the vernal equinox in the Southern. In the United States, we are coming up on the first of the Presidential Debates on Friday, and the General Election in about six weeks. So let's make a few more political observations on this day of equal sunlight and darkness.
First, it is good to see the Democrats in Congress sticking to their guns, at least at this point, to put some conditions and terms on the $700,000,000,000.00 bailout of Wall Street. The Democrats have tried to play nice with the President, but it has been hard to make any progress with a razor thin majority in Congress and no way to override the veto pen of the Decider-in-Chief. In my opinion, they need to be as resolute as Bush has been. It will take years, maybe even decades, to undo the damage wrought by this band of corporate yes-men and yes-women who have occupied the White House. While I am glad that there is some action being taken to protect the greater economy, it should not be yet another blank check to the people who caused the financial mess. I also believe we should push back hard to not have foreign banks be bailed out by the American taxpayer.
Secondly, aren't you glad that Congress didn't let Bush divert our social security funds into Wall Street? The program isn't perfect, but it beats gambling our futures on the bunch who gave us this financial disaster! And while we are on social security, don't believe for a minute any scare tactics about Social Security going under. If they can bail out the financial geniuses at AIG, Fannie Mae, and Freddie Mac, there is no way in hell Congress will ever allow Social Security to go under.
Thirdly, isn't it amazing to watch the McCain campaign resorting to repeatedly lying in a desperate attempt by their corporate power brokers, to retain power. The ads go from blaming Senator Obama for the cost of gasoline, to blatantly stating he was for sex education for kindergarteners. All of these fabrications are meant to put fear in the hearts of the voters.
It is also interesting to watch how hard they are running from the Republican record; talking about how they have fought against the other Republicans and the President. The fact remains that McSame has voted with Bush over 90% of the time. Maverick? Hardly! If the GOP could have solved our problems, they have had eight years to do it. But what do we have? To repeat the old question, ask yourself if we are better off than we were eight years ago. And then there's his clueless pick for running mate, whose balloon is already starting to wilt. The more people learn about Governor Palin, the less they like her.
If we elect another President whose campaign is bought and paid for by corporate lobbyists, does anyone really expect the people to have an ear at the White House? It speaks volumes that Senator Obama has not taken one dime for his campaign from the lobbyists. His campaign is funded by small donations from the people who want to take back the government from the special corporate interests.
We are at a crossroads in American History. Does self-government have a limited life span? We shall see. However, it is time for people to think through the issues; to challenge their own beliefs; and to examine with fresh eyes, the issues at hand. Forget about the campaign lies and rhetoric. Look at all the substantive issues that are threatening our nation today. I have done this myself. Over the years, I have changed as I re-examined the issues. This one time supporter of Richard Nixon and Ronald Reagan has grown and expanded, as the GOP has contracted and left its conservative roots.
The government has exploded in size under "small government" Bush. Yet the GOP continues to denigrate government, even as they expand its size and power. I am for smaller government, but for more effective government. Depending on free markets without regulation is foolhardy, as human nature will always have its selfish side come out. Total deregulation can lead to anarchy and a massive migration of national wealth to the very top tier of Americans. However, the government that serves ALL Americans best is one that works for all of us.
Now is the time to stop rewarding corporations for exporting our jobs to Communist China. Now is the time to start the withdrawal from Iraq. Now is the time to insure that every American can get the health care they need, rather than letting corporate bean counters dictate what procedures our doctors can provide us. Now is the time to take major steps to rid ourselves of dependency on oil from countries that hate us. Now is the time to take back our nation from the corporations and put the government back in our hands.
First, it is good to see the Democrats in Congress sticking to their guns, at least at this point, to put some conditions and terms on the $700,000,000,000.00 bailout of Wall Street. The Democrats have tried to play nice with the President, but it has been hard to make any progress with a razor thin majority in Congress and no way to override the veto pen of the Decider-in-Chief. In my opinion, they need to be as resolute as Bush has been. It will take years, maybe even decades, to undo the damage wrought by this band of corporate yes-men and yes-women who have occupied the White House. While I am glad that there is some action being taken to protect the greater economy, it should not be yet another blank check to the people who caused the financial mess. I also believe we should push back hard to not have foreign banks be bailed out by the American taxpayer.
Secondly, aren't you glad that Congress didn't let Bush divert our social security funds into Wall Street? The program isn't perfect, but it beats gambling our futures on the bunch who gave us this financial disaster! And while we are on social security, don't believe for a minute any scare tactics about Social Security going under. If they can bail out the financial geniuses at AIG, Fannie Mae, and Freddie Mac, there is no way in hell Congress will ever allow Social Security to go under.
Thirdly, isn't it amazing to watch the McCain campaign resorting to repeatedly lying in a desperate attempt by their corporate power brokers, to retain power. The ads go from blaming Senator Obama for the cost of gasoline, to blatantly stating he was for sex education for kindergarteners. All of these fabrications are meant to put fear in the hearts of the voters.
It is also interesting to watch how hard they are running from the Republican record; talking about how they have fought against the other Republicans and the President. The fact remains that McSame has voted with Bush over 90% of the time. Maverick? Hardly! If the GOP could have solved our problems, they have had eight years to do it. But what do we have? To repeat the old question, ask yourself if we are better off than we were eight years ago. And then there's his clueless pick for running mate, whose balloon is already starting to wilt. The more people learn about Governor Palin, the less they like her.
If we elect another President whose campaign is bought and paid for by corporate lobbyists, does anyone really expect the people to have an ear at the White House? It speaks volumes that Senator Obama has not taken one dime for his campaign from the lobbyists. His campaign is funded by small donations from the people who want to take back the government from the special corporate interests.
We are at a crossroads in American History. Does self-government have a limited life span? We shall see. However, it is time for people to think through the issues; to challenge their own beliefs; and to examine with fresh eyes, the issues at hand. Forget about the campaign lies and rhetoric. Look at all the substantive issues that are threatening our nation today. I have done this myself. Over the years, I have changed as I re-examined the issues. This one time supporter of Richard Nixon and Ronald Reagan has grown and expanded, as the GOP has contracted and left its conservative roots.
The government has exploded in size under "small government" Bush. Yet the GOP continues to denigrate government, even as they expand its size and power. I am for smaller government, but for more effective government. Depending on free markets without regulation is foolhardy, as human nature will always have its selfish side come out. Total deregulation can lead to anarchy and a massive migration of national wealth to the very top tier of Americans. However, the government that serves ALL Americans best is one that works for all of us.
Now is the time to stop rewarding corporations for exporting our jobs to Communist China. Now is the time to start the withdrawal from Iraq. Now is the time to insure that every American can get the health care they need, rather than letting corporate bean counters dictate what procedures our doctors can provide us. Now is the time to take major steps to rid ourselves of dependency on oil from countries that hate us. Now is the time to take back our nation from the corporations and put the government back in our hands.
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