Only 22% of all US Counties Were More Red
The maps tell it all...

Labels: 2008 Elections, Barack Obama, dailykos.com, Democrats, GOP, NY Times
Labels: 2008 Elections, Barack Obama, dailykos.com, Democrats, GOP, NY Times
I want a balanced approach. A working families tax cut—Governor Bush has 38 percent of his tax cut go to the wealthiest one percent of Americans—pay down the debt, Social Security and Medicare. If we're going to save Social Security, we've got to take a bunch of the non-Social Security surplus, pump it into the Social Security system, because we all know that it's going broke. If we do that, then people can then invest part of their own payroll taxes in investments of their choice. The difference between Governor Bush's proposal and mine is that I put a whole lot of money into Social Security, Medicare and paying down the debt. He puts a whole lot of money into tax cuts.... Because we'd lay this obligation on another generation of young Americans—$3.6 trillion. At town hall meeting after town hall meeting, I have average Americans stand up to me and say to me, Senator McCain, all these years of running deficits, we've accumulated this debt. We're paying more interest—as much interest, almost, on it as we are in spending on national defense. We ought to pay down that debt, and not saddle the next generation of young Americans with it.... Look, Alan Greenspan just recently said we shouldn't have these massive tax cuts like Governor Bush is proposing. We should pay down the debt. But working families need the tax cut.The green highlighted text is what I recalled clearly from the debate, but note what I highlighted in red...the $3.6 trillion debt he alludes to in the 2000 debates is, sadly, a low projection but a heckuva lookahead by McCain at the time. And, per this bonddad post from this morning, here are the debt loads carried by the USG at the end of each fiscal year of the Bush administration:
09/30/2001 $5,807,463,412,200.06We've added $4,217,261,484,712.43 to the debt...so, actually, McCain was closer (numerically, at least) than I thought!!
09/30/2002 $6,228,235,965,597.16
09/30/2003 $6,783,231,062,743.62
09/30/2004 $7,379,052,696,330.32
09/30/2005 $7,932,709,661,723.50
09/30/2006 $8,506,973,899,215.23
09/30/2007 $9,007,653,372,262.48
09/30/2008 $10,024,724,896,912.49
Labels: 2000 Elections, 2008 Elections, dubya, John McCain, South Carolina, taxes
Labels: 2008 Elections, GOP, voter supression
Labels: 2008 Elections, Barack Obama, economy, John McCain, macroeconomics, RNC, Wall Street
Labels: 2008 Elections, Barack Obama, Cheney, dubya, economy, John McCain, macroeconomics
Labels: 2008 Elections
"We will be told that the Federal Reserve and the Treasury have finally gotten it right. The scope and size of the proposed program will arrest the decline in home prices, restore stability to the financial markets, enable banks to get back to the business of lending, and restore the confidence of the American consumer.
While the program certainly has each of these points as a goal, the amount of time to achieve each goal is unknowable, but an important factor. Moses was told he would lead the Jews to the Promised Land. He didn’t know it would take 40 years. And, in all due respect to Bernanke and Paulsen, Moses was working with God. They are working with Congress."
-Jim Welsh, Welsh Money Management
Labels: 2008 Elections, Angry Bear, Bonddad, dailykos.com, economy, John McCain, macroeconomics, Spending, The Big Picture
Labels: 2008 Elections, economy, energy, GOP, macroeconomics, RNC
Labels: 2000 Elections, 2004 Elections, 2006 Elections, 2008 Elections, GOP, John McCain, RNC
Labels: 2008 Elections, Barack Obama, economy, John McCain, macroeconomics, Sarah Palin
As we learn this morning via Julie Satow of the NY Sun, special exemptions from the SEC are in large part responsible for the huge build up in financial sector leverage over the past 4 years -- as well as the massive current unwind
Satow interviews the above quoted former SEC director, and he spits out the blunt truth: The current excess leverage now unwinding was the result of a purposeful SEC exemption given to five firms.
You read that right -- the events of the past year are not a mere accident, but are the results of a conscious and willful SEC decision to allow these firms to legally violate existing net capital rules that, in the past 30 years, had limited broker dealers debt-to-net capital ratio to 12-to-1.
Instead, the 2004 exemption -- given only to 5 firms -- allowed them to lever up 30 and even 40 to 1.
Who were the five that received this special exemption? You won't be surprised to learn that they were Goldman,
Merrill,Lehman,Bear Stearns,and Morgan Stanley.As Mr. Pickard points out that "The proof is in the pudding — three of the five broker-dealers have blown up."
Labels: 2008 Elections, economy, Homeland Security, macroeconomics, NY Sun, The Big Picture, Wall Street
Labels: 2008 Elections, economy, macroeconomics
Labels: 2008 Elections, Chris Matthews, Insurance, John McCain, macroeconomics, NBC, real estate, taxes, Think Progress
“The specific bill that Barack Obama voted for calls for sex education beginning as low as the kindergarten,” claimed Romney. Romney then declared that he and McCain both believe that “the only sex education that’s appropriate in kindergarten is no sex education”
Labels: 2008 Elections, Barack Obama, dailykos.com, education, John McCain, Masachusetts, Mitt Romney, Think Progress
Labels: 2008 Elections, economy, John McCain
and it became apparent that all CNN had were two talking heads, a liberal and a conservative, and each ran through their talking points about how this issue would play in the electorate...it just seems that CNN has yet to grow up and NOT have echoes of Crossfire each time they have some political thing to talk about...where does this get them? Hmm, now reading the wikipage on crossfire, I can see why they've not been able to shake the format - they've done it since 1982!!!
Crowley's performance last night was astonishing. Asked whether McCain's lies have been worse than Obama's, Crowley says she isn't going to make that call, adds that it's up to voters to sort it out, and -- best of all -- launches into a discussion of Obama's supposed falsehoods in order to argue that both sides do it...To his credit, Mark Halperin stepped in and made just this point, noting quite accurately that the lies of the McCain campaign are far more central to his campaign than anything Obama has done.
Halperin isn't some whiny liberal blogger. He's the ultimate D.C. media insider. If he can't persuade both-sides-do-it holdouts like Crowley to inform their viewers, then no one can.
"I'm not going to be the one to tell you whether it's equal or not," Crowley said of the lying on both sides. Really? If CNN reporters don't think this is their role, whose job is it, then?
Labels: 2008 Elections, Barack Obama, Candy Crowley, CNN, John McCain, RBE, TPM
Labels: 2008 Elections, americablog.com, Barack Obama, dailykos.com, energy policy, engineering, Hillary Clinton, John McCain, Sarah Palin, SNL
Labels: 2008 Elections, Sarah Palin
Labels: 2008 Elections, Barack Obama, John McCain, NPR, On-Point, Sarah Palin