I'm no longer voting, and I was paraphrasing Michele Obama with a twist :) Gruss Gott wrote: >> tBone wrote: >> For the first time in my life I am truly disgusted by my country. >> > > Frankly the one thing I know right now is that we have to get out of > this sinkhole and we're going to need strong leadership to do it. If > that means regulation or nationalization so be it. We can tweak or > dismantle later. > > So if you're voting the economic crisis - and solving it quickly, the > candidates stack up like this: > > (1.) BANKING REGULATION > McCain: Spent 30 years along side Phil Gramm fighting for > deregulation. In his own words from this year McCain said, "I'm > fundamentally a deregulator." > > Obama: Spent his entire career advocating and fighting for citizen's > interests on a local level. He is an Adam Smith "Moral Sentiments" > thinker and favors regulation when it enables "the invisible hand." > > Verdict: Obama. If you think, as I do, that the next 4 years will be > all about creating the *right* regulation Obama clears this hurdle > with room to spare whereas McCain doesn't even get off the ground. > McCain would have to reverse 30 years of thinking and work whereas > Obama will simply continue what he's always done. > > > (2.) THE CRISIS > McCain: Has gone from everything is ok, to don't panic, to suspending > his campaign, to absurdly calling for the sacking of the SEC chairman, > to failing to get even his own party to support his initiative, to > calling for using taxpayer money to buy mortgages high from banks and > sell them low. And I'm sure he's not done. > > Obama: We must act quickly to restore confidence with a short-term > investment that contains 4 core principles: protect taxpayers, invest > rather than give away, provide treasury oversight, and provide > homeowner assistance. He worked to get his principles built in and > then lined up a coalition behind a bill and got it passed on the first > try. > > Verdict: Obama. Thus far McCain has been an erratic failure while > Obama has delivered a revised bill that contained his core principles. > > > (3.) THE ECONOMY > McCain: In his own words the economy is not McCain's strong point. > His lurching behavior throughout this crisis proves him correct. > Further, McCain is not interested in the economy. Even the economists > that originally endorsed McCain have expressed concern over his latest > mortgage buyout proposal. > > Obama: has the backing of America's most successful investor, Warren > Buffett, as well as a majority of America's leading economists from > the National Bureau of Economic Research who said that he "has the > superior economic plan, a firmer grasp of economics and will appoint > better economic advisers." > > Verdict: Obama. He's got the intellectual horsepower and curiosity to > lead on detangling thorny issues like derivatives. Further he has the > global support to secure assistance from our stakeholders; something > we may desperately need. > >
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