Yearly Archives: 2008


Details of McCain’s Housing Solution

Follow this link to an article by two economic advisers to Barack Obama.They claim that McCain’s plan is similar to what was in the bailout bill that was already passed and signed into law, except for one major difference.  This difference is what makes McCain’s plan a bad idea.

But today we learned of a detail that makes his plan significantly different — and much worse.

They don’t specify in the article where they learned about the detail, so there is no way of knowing if their report is accurate.


Why Buy The Imitation?

Did you notice in the debate the number of times McCain just repeated Obama’s policy position?

You might think that if they are both going to do the same thing, then does it matter which one I vote for?

In managing the economy, the government has a plethora of tools.  The trick is to know which tool to use in any given situation.  You also need to have a good idea of what you are trying to achieve.

I presume that Obama understands that one of the goals of government economic policy is to act as a counterweight to the free market.  Running surpluses and deficits are tools to be used at the appropriate times.  Increasing and decreasing public works investments is another tool.

When the economy is humming along and especially when it is starting to overheat, the government needs to apply the brakes by running a surplus.  This is not the time to stimulate the economy even more by cutting taxes as McCain and Bush favored.

When the economy is starting to slow too much or even go into a recession, then it is time to press on the accelerator by using the accumulated surpluses and running a current year deficit. If the private economy is afraid to spend money, then the government can ramp up public works projects to get money flowing again.

All of this accelerating and braking is an attempt to keep a fairly constant speed through the peaks and valleys of the free market.

John McCain, the imitation Obama, sees Obama proposing the application of the tools, but does not seem to understand the timing of their use.  He wants to cut government spending at the exact time when it should be increasing.

Also taking money out of the economy to send it to Iraq to be blown up is not the way to help the world get out of this financial crisis.  Using that money to invest in roads, water treatment facilities, natural disaster recovery are all investments that will pay returns on the investment.

Investments in better education and health also pay dividends.

Certainly any conservative worth his or her salt must know the difference between spending and investing.


What Obama Should Have Said II

In the same vein as my remarks on the previous debates, I will tell you what I think Obama should have said in this debate.

Obama:
John seems to miss the point when I raise the issue that he voted with President Bush 90% of the time. I am not advocating voting against Bush’s policies just so you can call yourself a maverick. I am advocating it because his policies were wrong, very wrong. I am not going to vote against the policies of the Democratic leadership when they are right just so I can claim to be a maverick. I only do it when they are wrong. It is called independent judgment. John used to have it, but he seems to have lost it in the last eight years.
Obama:
It is odd how John and I seem to have switched sides on the question of saber rattling versus using diplomacy when we get to the topic of Pakistan. Bush and McCain have been saber rattling in every situation they have faced in the last eight years. Look where it has gotten us. We are spending ourselves into the poor house to fight war that never needed to have been fought. We find ourselves arguing with our ally Pakistan because we tried to support a military dictatorship in that country instead of supporting democracy. If Bush and McCain only knew when to use diplomacy and when to rattle sabers, we would have had Pakistan’s support in fighting the Taliban and we wouldn’t be faced with the choice we now have. Now they are claiming to be upset that I am talking about a reasonable policy out in the open. They would much prefer to carry out unreasonable policies that the American people never know about because they know that the American people would never support what they are doing if the governemnt were honest about it.

If John McCain Keeps Lying About Obama

then I guess we are going to have to start telling the truth about John McCain.

Let’s start with this link to a web site about the  Keating 5 scandal. Or follow this link to my previous post about the Keating 5 Scandal.

Follow this link to an article in Rolling Stone that attempts to separate the McCain myth from McCain fact.

Then there is the new DNC ad.

I have said before, “If the truth were on their side, they would use the truth.”

If you want to debunk any McCain lie, follow this link to my research page.


What Joe Biden Should Have Said 6

Continuing in the vein of my comments on the Presidential debate, I will cast my remarks on the Vice-Presidential debate in terms of what Joe Biden should have said.  I will write it as the Biden part of a script.

Biden:
It is well known in executive circles that the best way to judge a person’s future performance is to look at how they have behaved in the past under similar circumstances. This is why we keep looking at McCain’s record in the past 8 years. Apparently Governor Palin also recognizes this principle because she frequently refers to what she thinks is Senator Obama’s past behavior.

I leave it to the voters to decide whether their own experience of the history of McCain’s support of this administration matches what I have said here tonight.If you cannot tell whose recitation of past history is more accurate, Governor Palin’s or mine, then I suggest you do some independent research from neutral sources.

Oddly enough, I can’t think of anything else at the moment that Biden should have said differently.  What do you think?


Is This The Cure For Instability In The Middle East?

Follow this link to the interview of Robert Baer by Terry Gross.

I learned about this from an email from DebbyG. The following is what Debby emailed:

I just heard part of an amazing interview on NPR; Terry Gross interviewing Robert Baer, a former CIA agent who had some extremely interesting things to say about Iran.

I would recommend downloading a podcast of the inteview if you haven’t heard it.

After listening to the interview, I am going to check out his new book –  “The Devil we Know”.

After listening to the interview, I have to wholeheartedly agree with Debby’s assessment.


McCain’s Kremlin Ties

Follow this link to the article in The Nation that describes McCain’s and his campaign’s advisors’ links to Russia and the maneuverings in the Balkans.

It’s a good thing that Sarah Palin has her eyes focused on the skies over Alaska.  That way she won’t see the Russians coming into JFK Airport in New York.

This little saga is worthy of being turned into a John LeCarré spy novel.