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| Greed, corruption, bailouts, and smears |
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Please help by contributing at
http://kucinich.us/contribute
Everyone knows that Congressman Dennis
Kucinich has been leading the fight against
Wall Street greed and corruption and against
the federal bailout of the culprits who have
become multi-millionaires by gambling with
the savings, pensions, retirement security
and futures of hard-working everyday
Americans.
But, for all his efforts, he's also fighting
against a million dollar smear campaign aimed
at defeating him in his run for re-election.
With the election only a week away, Dennis
needs your help TODAY so he can continue
representing your interests!
Tags : 2008 americas bailout congressman democrat dennis elections greenspan kucinich street wall |
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Affichage : 6019
Durée : 167 s |
| Mccain flip-flops on bailouts, regulation of the economy |
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Though controversial to acknowledge among
progressive circles, McCain has displayed
fleeting flashes of populist courage at times
during his career...Obama, in a shorter
career, has shown more populist strength, and
far more consistently than McCain who has
subsequently tacked back to the Royalist
Right in the 2008 presidential campaign (more
on that below). As opposed to McCain, Obama
has backed up his populism with Senate votes,
racking up a reliably progressive record on
economic issues and sponsoring legislation
attempting to curb the influence of
lobbyists. He also is far more comfortable
publicly championing the cause of regulation
than McCain, who during one of the first
aftershocks of the credit crisis, initially
proposed doing nothing at all. Most often,
action and votes like those of Obama's are
more important than McCain's mere words. But
a presidency is nothing if not a bully
pulpit, so it is at least good that both
McCain and Obama are talking more tough.
What should worry us the most is how both
candidates have decided not only to build
campaign warchests with Wall Street cash, but
to personally surround themselves with the
very insiders who helped create the current
financial crisis in the first place. McCain's
campaign, for example, employs an army of
lobbyists representing the specific companies
now helping pull down the American economy.
As the Center for American Progress reports,
McCain "has the former lobbyists of AIG,
Merrill Lynch, Lehman Brothers, and Bank of
America on his campaign staff."
Obama is far better than McCain in that he
doesn't employ lobbyists who helped create
the culture of corruption that compelled
Washington to sit idly by as the economy
tanked. However he does rely on a cadre of
people who may be ideologically opposed to
the forceful kind of New Deal populism that
is going to be necessary to address the
crisis.
McCain's top economic adviser may be UBS
vice-president Phil "Nation of Whiners"
Gramm, but Obama's economic guru is UBS's
Robert Wolf - Gramm's boss...Despite the two
candidates sharing similar ties to Wall
Street, Obama is nonetheless better
positioned to confront the crisis ahead, both
because of his party structure, and his own
personal history.
The central organizing force of the
Republican Party is fealty to Big Business.
While corporate front-groups have certainly
impacted the Democratic Party, the party's
progressive wing is ascendant. If that wing
administers real pressure on Obama, it can
successfully provide the political space and
capital for Obama to pursue the more
aggressive regulatory policies needed to
quell this crisis.
Likewise, Obama's roots as a community
organizer, civil rights lawyer and
progressive lawmaker signal that at some deep
level, he appreciates the value of
confronting corporate power. By contrast,
McCain's most famous experience dealing with
the financial industry was his involvement in
the Keating Five scandal. As the New York
Times reports:
"Several former company executives, as well
as current and former Senate Republican staff
members, said Mr. McCain seemed to avoid
matters related to the financial industry
after the last major financial crisis -- the
savings and loan crisis of the late 1980s. He
was one of the 'Keating Five' senators
investigated by the Senate, accused of
interceding with federal regulators for the
operator of a failing thrift."
Obama may not yet be as forceful as FDR and
may not have yet articulated a New Deal, but
McCain and his Keating Five past all but
guarantees that the Arizona senator is no
Teddy Roosevelt. While both candidates could
be better than the current administration
(that's not saying much), one is clearly
better equipped to tackle this burgeoning
emergency.
http://www.huffingtonpost.com/david-sirota/mc
cain-obama-wall-street_b_126613.html
Tags : David sirota Rachel Maddow Barack Obama Sarah Palin lie john Mccain Joe Biden economy speech interview debate energy oil |
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Affichage : 9228
Durée : 626 s |
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