Obama’s First Press Conference Post Election

Obama’s first Press Conference was very interesting.  First, he seemed a little tight and off his game. As a man who has campaigned for the last 22 months and was quick with the answers, his responses to day were a little ‘tight’ and ‘off key’ at times.  Part of this can be attributed to a [...]

Will Wall Street now Bail on The GOP?

The market closed down 777 points today – or 8%.  The figures I’ve been hearing state that this is about 1.2 trillion dollars worth of wealth that just vanished.  That 1.2 trillion dollars (nearly twice the bailout) is held by a lot of different interests, but particularly the Republican base – free market capitalists and [...]

Don’t RE-ELECT Pelosi (and I am a Democrat)! Don’t Re-Elect and GOP against the Bill

“We’re all worried about losing our jobs. Most of us say, ‘I want this thing to pass, but I want you to vote for it—not me.’” said Rep. Paul Ryan, R-Wis (note – see my other post for the most honorable quote of the day).  It’s great to see how ‘working for the people” means taking care [...]

Leadership at the White House

Per the Daily Kos:
“Yesterday, McCain swooped into the White House meeting, and by all accounts he said very little, was disruptive and Obama actually led the meeting (by questioning Paulson and House Republican’s). Now, how’s that for true leadership?
At the end, Obama had to speak directly to McCain to enunciate a response, after McCain sat [...]

McCain Did Not Read Paulson’s Plan!

I first heard about this the other day and wasn’t near a computer to blog about it.  But this article from The New Republic refreshed my memory: McCain Didn’t Bother to Read the Bailout Plan?
Why is this important?  Well – First, it doesn’t show a leader who is paying close attention to the crisis, as [...]

McCain’s Economic Advisers vs. Obama’s

Phil Gramm – McCain adviser and supporter of deregulation and recently known for saying ”We’ve become a nation of whiners”
Warren Buffett – Obama adviser and perhaps the most successful investor of all time: (as reported by Reuters):
“Five years ago, billionaire investor Warren Buffett called them (the complex deritivitives causing the current problems) a “time bomb” and [...]

Who Does Better for the Economy?

Coming from Brad DeLong’s Website - this chart really puts things in perspective.  GDP = Gross Domestic Product and, for those who need a definition, is defined as: as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year).   In other words, [...]

Breaking News!!

Ok, I thought I was done writing tonight, but a story broke that I read on the Huffington Post and comes from Paul Krugman at the New York Times.  This, to me, could be an absolutely huge issue.  Not going to write about it now…just pass it on:
http://krugman.blogs.nytimes.com/2008/09/19/mccain-on-banking-and-health/
Basically, McCain, in an article for a magazine [...]

Obama Demonstrating a Presidential Demeanor

I was driving to meet my sister-in-law for lunch Today and caught Obama’s statement on the economy and the Fed’s bail-out package.  I was surprised to hear him say he had time for several questions.  Since I hadn’t had much opportunity to listen to him in a Q&A session I was very interested in listening. [...]

Who’s Better for the Economy? Ask the Experts

Barack Obama is meeting with his economic team this morning to discuss the state of the economy, and no doubt, to gain more of an understanding what’s going on and what the plan should be to bail the Country out. 
So who is he turning to for advice? 
Ex-Fed Chair – Paul Volcker who preceded Alan Greenspan [...]