posted on September 28, 2008 07:00:49 AM new
Well,I watched enough of the debate,left the room and then came back and watched the rest of the debate then listened to what the journalists have to say,A- for Obama and B+ for McCain!
Yes,Obama did look at McCain,I saw that.
Now I am watching CNN this morning ,they interviewed 3 undecided voters and one of them is complaining McCain did not look at Obama.
Last night I recalled one incident ,it was back in July when Obama was being interviewed on TV and he said something like he did not expect McCain,some one he respected would say ' such thing'?
I dont remember what McCain said which bothered him so much,but then at that time my reaction is that Obama should have realised by then politics is a dirty game,your friends are worse than your enemy,your friends will backstab you while your enemy gives you advance notice !
So why did McCain not look at Obama when he spoke,well,he knows to win,he would have to say things about his opponent?Things his advisor and speech writer have prepared for him so He could win,whether it is malicious,unethical,destructive,false etc.
Politics is a dirty game!
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Gulag-a Soviet era concentration camp is now reincarnated as EBAY with 13,000 rules.
posted on September 28, 2008 07:13:38 AM new
Can a supporter of the war or McCain answer this simple question: how can we possibly continue the war and rescue the economy? I can't see how without nationalizing almost everything, becoming, in effect a socialist economy.
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Well,one answer would be what if we dont continue the war,and more 911 incidents happen,what would happen to our economy?
My parent takes 2 tablets of that glucosomine which helps with stiff joints daily and some of us wonder if it is a waste of money as we have all tried it and it did nothing for us?
But then we dont know if it helps my parent,may be these tablets are helping her since she can still walk and exercise daily?The only way to find out is to withdraw these tablets and watch what happens?
What if she gets worse,it would be on our conscience that we deny her these daily tablets?
We dont know if we can afford to discontinue the war,since we are not privy to all the information on what is going on in Iran or the entire Middle East?
No country wants to go to war,war is very expensive .
As for nationalising the economy,we are being told that someday they would be privatise again and we as taxpayers would make a profit!
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Gulag-a Soviet era concentration camp is now reincarnated as EBAY with 13,000 rules.
posted on September 28, 2008 08:00:26 AM new
fresh off the press-
Summary of the Draft Proposal
To Rescue U.S. Financial Markets Article
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Office of Speaker Nancy Pelosi -- Sept. 28, 2008
REINVEST, REIMBURSE, REFORM
IMPROVING THE FINANCIAL RESCUE LEGISLATION
Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets -- including cutting in half the Administration's initial request for $700 billion and requiring Congressional review for any future commitment of taxpayers' funds. If the government loses money, the financial industry will pay back the taxpayers.
3 Phases of a Financial Rescue with Strong Taxpayer Protections
Reinvest in the troubled financial markets … to stabilize our economy and insulate Main Street from Wall Street
Reimburse the taxpayer … through ownership of shares and appreciation in the value of purchased assets
Reform business-as-usual on Wall Street … strong Congressional oversight and no golden parachutes
CRITICAL IMPROVEMENTS TO THE RESCUE PLAN
Democrats have insisted from day one on substantial changes to make the Bush-Paulson plan acceptable -- protecting American taxpayers and Main Street -- and these elements will be included in the legislation
Protection for taxpayers, ensuring THEY share IN ANY profits
Cuts the payment of $700 billion in half and conditions future payments on Congressional review
Gives taxpayers an ownership stake and profit-making opportunities with participating companies
Puts taxpayers first in line to recover assets if participating company fails
Guarantees taxpayers are repaid in full -- if other protections have not actually produced a profit
Allows the government to purchase troubled assets from pension plans, local governments, and small banks that serve low- and middle-income families
Limits on excessive compensation for CEOs and executives
New restrictions on CEO and executive compensation for participating companies:
No multi-million dollar golden parachutes
Limits CEO compensation that encourages unnecessary risk-taking
Recovers bonuses paid based on promised gains that later turn out to be false or inaccurate
Strong independent oversight and transparency
Four separate independent oversight entities or processes to protect the taxpayer
A strong oversight board appointed by bipartisan leaders of Congress
A GAO presence at Treasury to oversee the program and conduct audits to ensure strong internal controls, and to prevent waste, fraud, and abuse
An independent Inspector General to monitor the Treasury Secretary's decisions
Transparency -- requiring posting of transactions online -- to help jumpstart private sector demand
Meaningful judicial review of the Treasury Secretary's actions
Help to prevent home foreclosures crippling the American economy
The government can use its power as the owner of mortgages and mortgage backed securities to facilitate loan modifications (such as, reduced principal or interest rate, lengthened time to pay back the mortgage) to help reduce the 2 million projected foreclosures in the next year
Extends provision (passed earlier in this Congress) to stop tax liability on mortgage foreclosures
Helps save small businesses that need credit by aiding small community banks hurt by the mortgage crisis—allowing these banks to deduct losses from investments in Fannie Mae and Freddie Mac stocks
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