Posted on 03/27/2008 10:10:41 PM PDT by RWB Patriot
NEW YORK - Democrat Barack Obama said Thursday a firmer government hand is needed on Wall Street and a $30 billion stimulus is needed to rescue homeowners and the jobless. Rival Hillary Rodham Clinton called for a new job retraining program to remedy what both candidates derided as Republican indifference to a sputtering economy.
Both Obama and Clinton argued that Republican nominee-in-waiting John McCain isn't ready or willing to handle an economic emergency.
"The phone is ringing, and he would just let it ring and ring," Clinton said, echoing the "3 a.m. phone call" TV ad she used earlier to suggest she was more qualified than Obama to handle a national security crisis. Speaking in Raleigh, N.C., she chastised McCain for opposing government intervention in the nation's credit and mortgage crisis.
Clinton focused on job insecurity and said the government needed to take more responsibility for helping displaced workers. The state holds its primary May 5
(Excerpt) Read more at news.yahoo.com ...
"McCain said in a statement, "There is a tendency for liberals to seek big government programs that sock it to American taxpayers while failing to solve the very real problems we face."
He hit the nail on the head, big time.
Obama: “I’ll tax you 50% more.”
Hillary: “I’ll only tax you 40% more, and that’s a deal.”
all your money are belong to us
“Some on the right like to bash ‘welfare queens’ suggesting that the entitlement mentality belongs exclusively to the poor. ..... But if middle-class and even rich Americans want to find someone to blame for the burden the entitlement mentality puts on the federal budget, they should look in the mirror.
Wealthy farmers say they cannot survive without price supports. Steel makers and their unions demand protection from foreign competitors. Bankers expect the federal government to cover their bad loans. Well-off retirees whose Social Security payments far exceed their contributions oppose any politician to cover their bad loans. College students believe they are entitled to low-interest loans secured by taxpayers who could not afford to go to college themselves. Lawyers, doctors and business people all want their place at the federal trough.
....All Americans should have an equal opportunity to earn the good things of life. But except for those who are unable to do so, they are not entitled to receive those good things from the earnings of others.”
Richard M. Nixon, “Beyond Peace”, 1994 Granted, I think Nixon got some of this stuff right better after he left office, but these words still sure ring true today.
Translation: Nationalized Money Care
Hillary’s plan:
“Many of you are well enough off that [President Bush’s] tax cuts may have helped you. We’re saying that for America to get back on track, we’re probably going to cut that short and not give it to you. We’re going to have to take things away from you on behalf of the common good.”
(Hillary to her fellow liberals in a speech in San Francisco; SFGate.com 6/28/2004.)
Hellooooo fascism.
Somebody please explain to me how this will help when both these A-holes are doing everything they can to destroy the people and businesses that actually create jobs and hire people.
Maybe they're talking about retraining all the women's and black studies majors.
I agree, but dont forget who has been at the helm of the American economey for the last 19 years, Alan Greenspan (ok he retired in 2006 but you get the point). Greenspan bears much of the blame for the modern financial crisis and he was appointed by Reagan. So not only Greenspan but also all the politicians in the Senate who kept confirming his appointments share a portion of the blame.
The government is actually rather limited in how it can stimulate the economey, lower taxes or spending money are the usual ways. The Fed, however, as the guardian of US monetary and economic policy, has numerous ways to make financial incentives available to the people, lower interest rates, cracking down on service charges for routine banking, forgiving loans, influencing banks to give you larger interest on your deposits so they grow faster......or take them away as it sees fit, which they are doing now.
A lot of people in power are to blame for this mess and they should be held accountable for what they did “on our behalf”.
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