Very simply; absolute power corrupts absolutely. The senate will probably have a super majority and the house is firmly in democratic hands. Obama will be a rubber stamp for Pelosi & Reed.
Take a look at the history of social security. When it was created, there were concerns about the gov't appropriating the money for other expenses so a restriction was added to block that. There was concern that SS benefits would be taxed away so there was a restriction added to block that. Both of those restrictions were removed by government when all three branches were under control of the democrats. In Clintons first 2 years, the banking laws were re-written over the objections of conservatives. Those re-writes relaxed the accounting rules that led to the Enron and worldcom collapses. The republicans looked real good going in when they had control of all three branches a few years ago. They botched it too.
I think Barak could be a good president if the house & senate were under republican control. But he will be a puppet for Pelosi & Reed and they have big plans for big spending and bigger taxes. Obama & Biden both voted to increase taxes on income over $31,000 just 2 years ago.
We need a balanced government and we will not have that with Obama as president. Like him or not, McCain is the needed choice to keep the democrats in check and provide balance.
you're worried about the DEMS? The REPUBS wanted (and still want) to give our social security money to those jokers on Wall St. You ought to be damn glad the Dems blocked it or all of that money would be down the tubes.
How big a financial disaster is needed for it to be clear to Repubs that the obsession with deregulation, greed is good, anything goes capitalism has not worked - in fact it is bringing us a meltdown that is starting to merit comparison with the 1930's? We now have NATIONALIZED the mortgage financing markets in the USA. This is not a good thing but is a direct result of the deregulation and lack of oversight that has been so fashionable in recent decades.
Dont get me wrong - Both Dems and Repubs have their share of the blame for the current mess. But for the Repubs to CONTINUE to resist regulation when large Wall st. banks are going bust while executives walk away with multimillion dollar pay packages as a reward for running their companies into the ground it doesnt sit well with me. In fact it is ridiculous because whether you like it or not, the government now OWNS large parts of the financial system.
We need people who actually WANT to do the regulation and oversight that is needed. The guys on Wall St. obvioiusly cant be trusted. The Repubs who want to continue to enable them cant either. If you doubt that, look at what mr. Mccain said yesterday - He blamed "greed" for the problems. No hint of recognition that we need to reestablish regulatory control or that his millionaire buddies should pay a steep price for their incompetence.
Million dollar severance packages? Bah. THey should be shining shoes.
So it's up to the government to decide salaries, compensation, and performance? What is that if it isn't nationalization? Perhaps you could tell us just what the GOP deregulated that makes you feel they are at fault for the greed and avarice of human beings, that is the root of the current situation.
Just what laws where passed to make the current situation possible? What are the actual Bush policies behind them?
You may have forgotten, but it's Congress that passes legislation, not the President. The Dems have been in control for two years, what have they done to avert the supposed Bush policies?
__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
Very simply; absolute power corrupts absolutely. The senate will probably have a super majority and the house is firmly in democratic hands. Obama will be a rubber stamp for Pelosi & Reed.
Isn't that what Bush had for almost 7 years ? Look at the shape we are in. Let me be clear, I don't like Obama but I think Bush has ruin America.
__________________ S/V Scheherazade
-----------------------
I had a dream, I was sailing, I was happy, I was even smiling. Then I looked down and saw that I was on a multi-hull and woke up suddenly in a cold sweat.
That's an interesting assumption free, just how has he ruined America? And how will the Dems fix it if it's ruined? But, if you think more government is the answer, than vote for Obama.
__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
History is history folks, and it takes time to write. Policies take time to produce results also.
The policies that have caused the economy today were written and put in place in the 90's, Rep's had congress, Dems' had enough votes to make sure amendments and such got added and Clinton signed them in - so both parties are in fact 'party' to it.
Very simply; absolute power corrupts absolutely. The senate will probably have a super majority and the house is firmly in democratic hands. Obama will be a rubber stamp for Pelosi & Reed.
Take a look at the history of social security. When it was created, there were concerns about the gov't appropriating the money for other expenses so a restriction was added to block that. There was concern that SS benefits would be taxed away so there was a restriction added to block that. Both of those restrictions were removed by government when all three branches were under control of the democrats. In Clintons first 2 years, the banking laws were re-written over the objections of conservatives. Those re-writes relaxed the accounting rules that led to the Enron and worldcom collapses. The republicans looked real good going in when they had control of all three branches a few years ago. They botched it too.
I think Barak could be a good president if the house & senate were under republican control. But he will be a puppet for Pelosi & Reed and they have big plans for big spending and bigger taxes. Obama & Biden both voted to increase taxes on income over $31,000 just 2 years ago.
We need a balanced government and we will not have that with Obama as president. Like him or not, McCain is the needed choice to keep the democrats in check and provide balance.
And I thought the fact that he can't find his ass with both hands would be enough.
"the banking laws were re-written over the objections of conservatives"
Thats ridiculous. Phil Gramm authored the legislation. Isnt he conservative? And if McCain is elected he will be Treasury Secretary. He is on record saying that the recession is a figment of our imaginations and we are a bunch of "whiners".
Chucko is correct that everyone's name is on the legislation. But to pretend that conservatives were against it is just plain silly. They were pushing this kind of deregulation for years. They STILL think more deregulation is the answer! What a bunch of lunatics. They cant learn even when multibillion dollar businesses are being flushed down the toilet and the Feds have been forced to NATIONALIZE the mortgage market. That should tell them something. It should tell you guys something too - What it tells me is that some intelligent regulation would be a good plan right around now. Too bad it doesnt tell Phil Gramm that. As for McCain he admits he "doesnt know much about economics". And Sarah Palin knows whatever they tell her to say. Not much experience balancing budgets when you are floating in oil money.
