Obama: Get on board America
by Jerome Armstrong, Tue Sep 30, 2008 at 08:17:27 AM EDT
The Obama speech: get on board America, the ride is about to begin.
Because of the housing crisis, we are now in a very dangerous situation where financial institutions across this country are afraid to lend money. If all that meant was the failure of a few big banks on Wall Street, it would be one thing.
But that's not what it means. What it means is that if we do not act, it will be harder for you to get a mortgage for your home or the loans you need to buy a car or send your children to college. What it means is that businesses won't be able to get the loans they need to open new factories, or hire more workers, or make payroll for the workers they have. What it means is that thousands of businesses could close. Millions of jobs could be lost. A long and painful recession could follow.
But I thought the reason why this happened was because credit was too easy to get for those who could not afford it? But... nevermind.
...And at each and every moment, we have risen to meet these challenges - not as Democrats, not as Republicans, but as Americans.
The "crisis" and the "rescue" points:
On your money:
And "getting your money back"? Holy b*******, what's that smell?
OK, vote 'yes' for the children:
...Let's give our children the future they deserve, and let's act with confidence and courage to show the world that at this moment, in this election, the United States of America is still the last, best hope of Earth. Thank you Nevada, God bless you, and may God bless America.
Is there a way to vote 'present' this election?
In a couple of days, I'm heading out to California for a week; a bit of a break, like hanging out with some friends in Venice:
Update [2008-9-30 12:48:36 by Jerome Armstrong]: Get this right people. This is about something more than Obama. Way more. If this $700B to $1 Trillion farce gets passed, it's the end of a progressive platform to govern with the next few cycles.
Yea, I am mocking of Obama. The underlying attitude I have is: why he is abandoning his self-proclaimed skepticism of Bush here, why? Can anyone say with a straight face that his argument for why Democrats should go along with Bush and back this bill that he's presented is sound? I don't even see an argument. All that he's offered is a bit of fear mixed in with post-partisan and some language changes to go along with a few platitudes.
Yea, he's better than McCain, but that doesn't make his b******* smell any better.
I support a bill that addresses the financial matter in a progressive manner, but that's not the one that Bush put forward.