So What IS Obama Going To Do About Wall St.????

[Conan71]

Can anyone find anything of substance Obama claims he is going to do about the Wall Street crisis from his speech today?  All I hear out of this camp is how bad Bush has done the last eight years and "we can't afford four more years of this".

Fine and good, Senator Obama, but if you want to earn more votes, how about sharing with us just what it is you would do?  "Bush is bad and McCain = Bush 44 isn't cutting it with a lot of voters.

There is ZERO substance here.  How are you Obama water-carriers so easily duped?  Are my reading skills so atrophied that I just glossed over any sort of proposed solution in this story?

http://news.yahoo.com/s/ap/20080915/ap_on_el_pr/obama

"GRAND JUNCTION, Colo. - Barack Obama said Monday the upheaval on Wall Street was "the most serious financial crisis since the Great Depression" and blamed it on policies that he said Republican rival John McCain supports.

"This country cannot afford four more years of this failed philsophy," Obama, the Democratic presidential nominee, told a cheering outdoor rally in western Colorado.

Coatless and with sleeves rolled up under a blazing sun, Obama chided McCain for a new commercial that promises "change that we need."

"Sound familiar?" said Obama, who has made change the central theme of his campaign. "Let me tell you, instead of borrowing my lines he needs to borrow some of my ideas. Change isn't about slogans. It's about substance."

Obama said he spent much of the morning consulting with economic advisers after the shock-wave announcements on Wall Street that financial giant Lehman Brothers was filing for Chapter 11 bankruptcy while titan Merrill Lynch was being bought by Bank of America for about $50 billion.

Obama's statement, as he began a swing through contested Western states, was intended to serve two purposes: to link McCain with the unpopular presidency of George W. Bush and to express sympathy with the anxiety of most Americans who say the economy is issue No. 1 in the election.

"The challenges facing our financial system today are more evidence that too many folks in Washington and on Wall Street weren't minding the store," Obama said in a statement. "Eight years of policies that have shredded consumer protections, loosened oversight and regulation, and encouraged outsized bonuses to CEOs while ignoring middle-class Americans have brought us to the most serious financial crisis since the Great Depression."

"I certainly don't fault Sen. McCain for these problems," Obama said, "but I do fault the economic philosophy he subscribes to."

In a presidential race turning increasingly negative, Obama also drew on editorial comments from U.S. newspapers and magazines to accuse McCain of running a dishonest campaign with some of the "sleaziest ads" ever seen.

Obama's running mate, Sen. Joe Biden, said McCain was "launching a low blow a day" and went on to say the Republican candidate stands "with George Bush firmly in the corner of the wealthy and well-connected."

[rwarn17588]

http://www.barackobama.com/issues/economy/

[Conan71]

quote:Originally posted by rwarn17588

http://www.barackobama.com/issues/economy/

What's the matter RW?  Can he not speak extemporaneously about this?  I wasn't asking for pre-prepped talking points from his web site.

Both candidate's handlers need to realize we need issues, not indictments of the existing admin.

[iplaw]

I'm sure his cure will involve erecting yet another worthless governmental agency with a multi-million dollar budget.

[Gaspar]

I assume it will go something like this:

Pull string on back of Obama's suit:

The recent events in the stock market represent the policies of the last 8 years, and the desperate need for change.  My economic plan will bring hope back to investors by offering a change from the devastating policies of the past.

Specifically, my plan revolves around changing the way things are done on Wall Street, by providing more oversight with the hope of avoiding such catastrophes as Fanny May and Freddy Mack in the future.

I remember when I was fresh out of college and I choose to team up with churches in Chicago to help poor people better themselves.  Instead of just giving a person 50 cents and walking down the street I would engage these people because I knew that "that could be me."  You see, jobs were down and it was hard to muster the determination to pull yourself up by your boot-straps.  All these people needed was hope.   Hope for change!

That's what I offer, and when I am president, I will bring hope for change to Wall Street.

Obama looks up and to the right, heavenly light falls ever so gently on his strong masculine features.  Soft cheers and the occasional wimpier emanates from the studio audience.  Katie Couric dobbs a tear from her eye.

[waterboy]

Perhaps you prefer the solutions offered on cable today by his opponents. (Paraphrased for simple minds.)

Bush: Yeah, it hurts.
Palin: Not under our reign!
McCain: Nothing to see here, move along.

But why would you guys care? Aren't you "market solution" guys anyway? The assertion that he makes no government solutions should bouy your spirits.

[iplaw]

quote:Katie Couric dobbs a tear from her eye.

and Keith Olbermann lights a cigarette...

[iplaw]

quote:Originally posted by Gaspar

I assume it will go something like this:

Pull string on back of Obama's suit:

The recent events in the stock market represent the policies of the last 8 years, and the desperate need for change.  My economic plan will bring hope back to investors by offering a change from the devastating policies of the past.

Specifically, my plan revolves around changing the way things are done on Wall Street, by providing more oversight with the hope of avoiding such catastrophes as Fanny May and Freddy Mack in the future.

I remember when I was fresh out of college and I choose to team up with churches in Chicago to help poor people better themselves.  Instead of just giving a person 50 cents and walking down the street I would engage these people because I knew that "that could be me."  You see, jobs were down and it was hard to muster the determination to pull yourself up by your boot-straps.  All these people needed was hope.   Hope for change!

That's what I offer, and when I am president, I will bring hope for change to Wall Street.

Obama looks up and to the right, heavenly light falls ever so gently on his strong masculine features.  Soft cheers and the occasional wimpier emanates from the studio audience.  Katie Couric dobbs a tear from her eye.

You've got it all wrong.  It's not about change anymore.  It's about how McCain "doesn't get it."  That's all he's said. Let me paraphrase for the simpletons:

Obama:  It's bad.  McCain doesn't get it.  Move along now.

[Conan71]

quote:Originally posted by waterboy

Perhaps you prefer the solutions offered on cable today by his opponents. (Paraphrased for simple minds.)

Bush: Yeah, it hurts.
Palin: Not under our reign!
McCain: Nothing to see here, move along.

But why would you guys care? Aren't you "market solution" guys anyway? The assertion that he makes no government solutions should bouy your spirits.

"The challenges facing our financial system today are more evidence that too many folks in Washington and on Wall Street weren't minding the store," Obama said in a statement. "Eight years of policies that have shredded consumer protections, loosened oversight and regulation, and encouraged outsized bonuses to CEOs while ignoring middle-class Americans have brought us to the most serious financial crisis since the Great Depression."

God only knows his Son wasn't taking part in any sort of solution in Washington.  He was too busy campaigning for President instead of authoring legislation which, according to his logic, might have prevented this "most serious financial crisis since the Great Depression."

I'm glad he doesn't do hyperbole much.

Middle class Americans didn't get ignored.  They got an idiotic homeownership scheme hatched by the Democrats in 1994 shoved up their tailpipe, along with protection for credit card companies who prey on the middle class by his henchman, Biden just a few years ago.

Typical Dimocrap B.S. Obfuscate the fallout from their failed initiatives onto the Republicans.

[Gaspar]

quote:Originally posted by waterboy

Perhaps you prefer the solutions offered on cable today by his opponents. (Paraphrased for simple minds.)

Bush: Yeah, it hurts.
Palin: Not under our reign!
McCain: Nothing to see here, move along.

But why would you guys care? Aren't you "market solution" guys anyway? The assertion that he makes no government solutions should bouy your spirits.

Yes, but that doesn't stop the fact that there will be some discourse from the anointed one, and without saying a meaningful thing he will make his followers swoon.

I so look forward to it.

[waterboy]

Actually Conan, after reading the remarks he made, I think they will play well.

Only the truly naive think we got to these crises without Republican malfeasance. McCain is the candidate of the party that did this to us and he can't afford to bluntly tell the public that Bush administration policies and lack of oversight put us here.

And only the truly naive think there is a simple solution thats going to be proffered by any candidate. This might just play well, other than here in Packardville.

[rwarn17588]

quote:Originally posted by Conan71

quote:Originally posted by rwarn17588

http://www.barackobama.com/issues/economy/

What's the matter RW?  Can he not speak extemporaneously about this?  I wasn't asking for pre-prepped talking points from his web site.

Well, if he's like me, he's been busier with more pressing projects as of late, including the not-so-pressing but time-consuming decisions in making weekly lineups on his fantasy football team. (Looks like I'm going to be 2-0 after tonight. Take that, RM)

These also would explain my fitful appearances on this forum in recent weeks. Hence (steering back on-topic), the succinct link to a Web site that more than aptly shows that Obama has concrete economic plans (not that McCain doesn't, either).

Speaking off-the-cuff isn't nearly as important to me than showing you actually have a plan in mind and have put considerable thought and effort to it. But your needs may be different.

[iplaw]

quote:Originally posted by waterboy

Actually Conan, after reading the remarks he made, I think they will play well.

Wow.  I couldn't have predicted that...next you're going to tell me that McCain doesn't get it.

quote:Only the truly naive think we got to these crises without Republican malfeasance.

Please enlighten us with some credible evidence that proves Lehman/Fannie Mae/Etc are somehow the result of "Republican malfeasance"

[Conan71]

Maybe Obama is just afraid of choking on another waffle?

[Conan71]

quote:Originally posted by waterboy

Actually Conan, after reading the remarks he made, I think they will play well.

Only the truly naive think we got to these crises without Republican malfeasance. McCain is the candidate of the party that did this to us and he can't afford to bluntly tell the public that Bush administration policies and lack of oversight put us here.

And only the truly naive think there is a simple solution thats going to be proffered by any candidate. This might just play well, other than here in Packardville.

I think they will play well too, especially to those who put personality over substance.