http://obama.3cdn.net/009ff9aad4fd7f3acf_58l3mvzb2.pdf

Follow the link. Read. Discuss.

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Yesterday, John McCain actually said that if he’s president he’ll take on, and I quote, 'the old boys’ network in Washington.' I’m not making this up. This is somebody been in Congress for 26 years, who put seven of the most powerful Washington lobbyists in charge of his campaign. And now he tells us that he’s the one who’s gonna take on the old boys' network,” he said. “In the McCain campaign that’s called a staff meeting!- Obama, 9/17/2008

His plan seems long on conceptual ideas and short on mechanics to me. For instance, he talks about expanding credit to municipalities, and says the way to do this is for "the Federal Reserve and the Treasury work together to design a facility to provide a funding backstop to the state and municipal government debt market similar to the recently announced program for the commercial paper market. The Fed should determine whether it has sufficient legal authority to establish such a facility on its own, and if not should work with Treasury and the Congress to achieve this goal."

In other words, his plan is for someone else to perhaps do something he isn't entirely sure is legal, and if it isn't for that someone else to work with Congress. Where's the executive branch? Where's Obama providing leadership to make this happen?

Matt

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De duobus malis, minus est semper eligendum

Sounds a lot like his platform which is expensive only without the tax increases. He also seems to think that these "green" jobs are there to be had at the snap of one's fingers. They're just not that way.

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Hope is the opposite of audacity. It's passive, an excuse for inaction.

Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

“What's the difference between Sarah Palin and Barack Obama?”

“One is a well turned-out, good-looking, and let's be honest, pretty sexy piece of eye-candy.

“The other kills her own food.”

I feel the basic plan is solid. It does have a few weak points - like the one pointed out by Matt - but it is basically sound and doable IMO.

I have to agree, it's a political document etc. I have to also say, however, that there really is only so much the President can do in these situations. I am most excited about the job creation proposals and the mortgage renegotiation ideas. It's typical Dem stuff, but I think we have to accept that if Americans can't spend or save then our economy is in trouble. Obama also finally talked about sacrifice today in his address on the economy.
They are no further off than off shore drilling. And off shore drilling only employs people off shore. Renewable energy plants can exist anywhere. You're also wrong about how far off they are. In Toledo, where he spoke there is a solar power plant. It's just a matter of funding.

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Yesterday, John McCain actually said that if he’s president he’ll take on, and I quote, 'the old boys’ network in Washington.' I’m not making this up. This is somebody been in Congress for 26 years, who put seven of the most powerful Washington lobbyists in charge of his campaign. And now he tells us that he’s the one who’s gonna take on the old boys' network,” he said. “In the McCain campaign that’s called a staff meeting!- Obama, 9/17/2008

Obama's only plan is to use the economic crisis to get elected. Whatever he says now is worthless because, if he wins, he'll backpedal from his promises within days of the election. Just like Clinton did.

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Andy
Cynical Optimist

What did Clinton backpedal on?

Middle class tax cuts.

That was a statement he made on Jan 14, 1993. Just a week before the inauguration.

And see this.

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Andy
Cynical Optimist

Please…..lets gets real here shall we? in Indiana there is a wind turbine project nearing completion good news right? No actually…cause the whole thing is no tied up in the courts because the same grps that funded the dems who "want " alternatives have gotten an injection to stop the power co. from having the transmission lines built...JUST as they effing planned all along.

so they have a green plant and no way to send the energy anywhere.....thats just a microcosm of the issues faced everywhere , wheres Obama plan to petition congress to cut through red tape sop these things actually have a chance?

I'll tell you where - no where, the Eco lobby owns half the ass on the Dem party and the other half out for rent after F&F went down.
And they have been talking out of both sides of their face for decades.......no nukes no power lines for solar or wind ....no drilling.....and he hasn't said a thing address it....


so thats ones a dead horse....

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No individual can plan his own existence in their view.

So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.

Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.

The Road to Serfdom
FA Hayek (interpretation)


Mortgage Backed Security survivor

the middle class tax cut thats what, and I posted a link for you like a day or 2 ago on this...leave it jason, its a loser...

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No individual can plan his own existence in their view.

So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.

Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.

The Road to Serfdom
FA Hayek (interpretation)


Mortgage Backed Security survivor

middle class eh? so lets see-

whats someons idea of middle class? dead center ,not lower not upper ...middle middle class?

Here in san jose thats about 80K ......you think that guy is gonna see a cut? not on your fucking lives.

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No individual can plan his own existence in their view.

So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.

Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.

The Road to Serfdom
FA Hayek (interpretation)


Mortgage Backed Security survivor

Right.

But in the final analysis, you can't find anyone who would be against going back to Clinton's economy in the 90's, where middle class families earned $7,500 more per year than they are now.

So on one hand, individuals never got their $500 extra bucks every year in tax cuts, but instead got an average of $900 more in gains made either from higher wages or the stock market.

What's a loser? I don't get what you're talking about.

Yeah, who wants Clinton's economy anyway?!

All those jobs. All that prosperity. I say leave the past where it belongs, and let's continue deeper into the ditch we've been digging ourselves.

Can anyone who says that higher taxes kill jobs please point to a moment in American history where higher taxes killed jobs. Thanks?

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Yesterday, John McCain actually said that if he’s president he’ll take on, and I quote, 'the old boys’ network in Washington.' I’m not making this up. This is somebody been in Congress for 26 years, who put seven of the most powerful Washington lobbyists in charge of his campaign. And now he tells us that he’s the one who’s gonna take on the old boys' network,” he said. “In the McCain campaign that’s called a staff meeting!- Obama, 9/17/2008

It looks as if this is a template for Wednesday night's debate... and it looks like pretty strong material to me. It seems like Obama wants to make it look like he's more favorable to small businesses than McCain.. and that his tax plan is going to benefit more Americans... more voters than McCain's.

As far as a macroeconomic analysis, I know about as much about economics as Mccain, so I'm less interested in prognosticating and giving my 2 cents about the details and am more interested in the evaluation by real economic experts.

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Congratulations President-Elect Obama