Hope versus fear, new versus old: Barack Obama and John McCain have placed their bets. These are the terms on which the 2008 presidential campaign will be decided. That’s why it’s unfair for political bystanders to attack Obama and McCain for offering few specifics as to how they’d fix an ailing economy. And it’s foolish to ask them to jettison their campaign promises in order to pay homage to the God of Balanced Budgets. Each campaign has given voters ample notice about the inclinations, temperaments, habits, philosophical leanings and advisers they would bring to the White House. That’s enough. Piles of prescriptions would be useless because this crisis is moving so fast. New ideas could become obsolete in a few days — or require substantial redrafting on the run, as happened with McCain’s sketchy mortgage purchase plan floated during Tuesday’s debate. In this financial catastrophe, last week’s unthinkable idea quickly becomes this week’s imperative. The Bush administration is wisely contemplating following the lead of British Prime Minister Gordon Brown in having government take ownership shares in many banks to get them more cash and allow them to lend again. If Obama had suggested such a thing, he would have been condemned as a socialist and the administration might well have had to shelve a necessary idea. Better that the candidates acknowledge that they are powerless until after Nov. 4. As for cutting back on their programs because the government is spending and …
Video Rating: 4 / 5
Hope versus fear, new versus old: Barack Obama and John McCain have placed their bets. These are the terms on which the 2008 presidential campaign will be decided. That’s why it’s unfair for political bystanders to attack Obama and McCain for offering few specifics as to how they’d fix an ailing economy. And it’s foolish to ask them to jettison their campaign promises in order to pay homage to the God of Balanced Budgets. Each campaign has given voters ample notice about the inclinations, temperaments, habits, philosophical leanings and advisers they would bring to the White House. That’s enough. Piles of prescriptions would be useless because this crisis is moving so fast. New ideas could become obsolete in a few days — or require substantial redrafting on the run, as happened with McCain’s sketchy mortgage purchase plan floated during Tuesday’s debate. In this financial catastrophe, last week’s unthinkable idea quickly becomes this week’s imperative. The Bush administration is wisely contemplating following the lead of British Prime Minister Gordon Brown in having government take ownership shares in many banks to get them more cash and allow them to lend again. If Obama had suggested such a thing, he would have been condemned as a socialist and the administration might well have had to shelve a necessary idea. Better that the candidates acknowledge that they are powerless until after Nov. 4. As for cutting back on their programs because the government is spending and …
Video Rating: 4 / 5
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{ 29 comments… read them below or add one }
@thesuperlovingone stop hating on my man u whore shit
Obama the first half-caste biracial mixed-race president not black
End corruption and vote responsible REPRESENTITIVES for the people. That’s change. Americans voted for that. For now Obama’s words are empty. Yes We Can see Czar/Adviser closest friend to Obama Valerie Jarrett millions of taxpayer dollars managing slum lords of Grove Parc & ACORN supported tax dollars go to the corrupt TALK IS CHEAP America sick of it. All we want is the corrupt to be out of government. AMERICA finally sees and are listening. VOTE Different don’t Just vote for the lesser evil.
time will tell…sounds like a lot BS.
BULLLL
OBAMA RULES!! I’m not even american, im british lol. GO Obama you rule..woo.
OBAMA IS THE BEST w00t!
McCain is much better for the Economy than Oboma. Palin is an Expert on Natural GAS AMERICA has More than Middle East Has Oil PLEASE FEEL FREE To Pause my Videos and Fact Check. YOu Should Know where Oboma Gets his $ and Free Pass. Acorn+SubPrime = Oboma remember Obama has never even run a company let alone a small town before. Dont let someone drive your car that has no license ! Scary !
well, the companies will still be able to hire people because from the company’s perspective, they’re paying the same gross salary. it’s just that the employees will have more money in their pockets because they will pay less money for tax
this isent my youtube profile.
I am just wondering why obama is taking money from the people who worked hard throughout school and who became succesful for their hard work and taking their money and giving it to the lazy people who dident do what they were sopposed to in school. idk what hes trying to acomplish by pulling a robin hood fantasy. these taxes are realy giving kids in school something look toward. it basically saying if you do good in life im gonna take your money away from you.
The Oil companies are trying their best to stop free energy ideas from spreading to common people.
We need to put an end to this corruption ,start generating your own electricity now.
Visit LT-MAGNET-MOTORdotCOM and get the blueprints . Join the Revolution!!
Obama the first half-caste biracial mixed-race president not black
Obama is full of Bull$#!t
That doesn’t answer my question. Nor does your evidence support your conclusion.
He has spent more money in his first 8 months in office than Bush did in his previous 8 years…..and that includes both wars.
His sure-fire stimulus plan is turning out to be a colossal failure. He and his cronies said that they “gaurantee” unemployment would stay under 8% if you pass this stimulus bill …..another term is “Print money bill”……look how it is turning out……unemployment 9.8%……..the worst economy by far since Jimmy Carter;…we are on a collision course with failure
I’d love to know what authority you have to make that assertion, and further to see you proved wrong.
He has spent FAR beyond what Bush spent in 8 years……..and he has done it all in 6 months…..He is putting the nails in the coffin
its going to get a lot worst before it gets any better.. but it will get better and it has been a bit better but do to the damage it will take time.. i say about 2 yrs atleast by 2011 ull start seeing big changes..
bankruptcy has been the UNITED STATES middle name for the last 7 years
i dont know why you guys talk about it like if its something new thats going to happen.. look around you man, walk down the street we’ve been in bankruptcy.. did u just bearly notice ? just now?
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lovely! lovely! lovely!
at least he cares and is trying to bring the economy back up the same economy that has been going down the drain the last 8 years of bush’s sorry ass
if bush was any good we would not be in this mess to start with it would have been prevented
lol you must know where the money is going.
did u know who bush handed shitloads of money to? take a wild guess.
bankruptcy lol we have been in it for over a decade
President Obama is going to spend this country into bankruptcy.
Right – the president’s’ financial team is all Goldman Sach’s and Federal Reserve like the previous administration, much like all those before it, and the his economists helped gut the Glass Spiegel Act, but the president isn’t a pawn of the elite. He is a Bishop. What’s wrong with that??
I hope he doesn’t help the big nationalized banks squash the little solvent banks. That would be sad, because I will miss going in to see my friendly banker in my trusty neighborhood branch.
Wow this guys financial team are from Goldman Sach’s and The Federal Reserve, his Economic team consists of people that helped pass the revoking of the Glass Stegal Act. He’s helping the mega-banks buy out healthy banks, he is a pawn of the Elite. Republicans, Democrats both parties are bought and paid for. His power base is from appealing to the emotions not the intellect.
i hope that u can make more videos becuz im doin a project on education!
even us canadians back obama!!!!!!!!! glad he is president.
say what now…i thought i heard u say OBAMA 08..thas rite……u did say obama..lol haha we won
His speech is incredible! God bless him
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