Barack Obama Offers Plan for Economic Woes watch!
msnbc.msn.com — In a major economic address at Cooper Union (NYC) today, Senator Obama called for immediate relief for homeowners hit by the housing crisis, modernization of our regulatory framework, and an additional $30 billion stimulus package to jumpstart the economy.
ObamaforAmerica- 118 diggs
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- jjmelch, on 03/27/2008, -16/+6Is there nothing these people won't say? Why don't we just call it the Socialist States of America because if the government has to pay for every f**k-up taxes will be equal to earnings. Pretty soon you won't have a dime to yourself.. I understand people got hurt. I have made bad decisions and got hurt by them. We can't continue to bail out everyone that gets in financial trouble. I am in a very precarious position myself. The value of my house has dropped dramatically and I can't refinance and I live from check to check. Tough luck. I am in the position I am in because I spent more money than I had. Oh well. I'm not looking for someone to bail me out other than myself. I am responsible for me.
- Clevinger, on 03/27/2008, -10/+3Well put.
- kaelyiesta, on 03/27/2008, -15/+5Ah redistribution. It's amazing how many ways governments and businesses find to steal from people without it being called stealing.
Personal responsibility and freedom are terrifying things to some people, so its no wonder they would rather have neither for themselves or anyone else. Unfortunately, that willful submission to control only makes it easier to be exploited.
I've got a better stimulus package: Stop the ***** global hegemony this country is trying to run and give back all the taxes that go towards that immoral goal. I'm not talking about iraq, I mean all of it. I'm tired of the US trying to tell other nations people how to live their lives. Its their choice and responsibility to do what they want. That issue alone would solve all our immediate financial problems. Of course, since the american people only care about iraq, our remaining presidential candidates will continue business as usual. - proliance, on 03/27/2008, -10/+5How is he going to help the economy by taking money away from hard working, responsible people and giving it to those who screwed it up when they had it?
Its unnatural to reward those who make huge financial mistakes. No good can come of it.- PaulPi3rce, on 03/27/2008, -4/+4You are dead on proliance. Awesome comment, but prepare to be buried. To many ppl digg with their feelings.
Basically the plan is to punish those who kept this country strong by not screwing up financially. Why not give the break to the people that didn't go in over their heads? Then more of them will be able to move into a nicer home, therefore helping the housing market overall. Those are the people that you want buying, because they are more stable.
- PaulPi3rce, on 03/27/2008, -4/+4You are dead on proliance. Awesome comment, but prepare to be buried. To many ppl digg with their feelings.
- marksven, on 03/27/2008, -2/+10The best part of this plan is to force capitol requirements on banks, many of which are by all definition now insolvent. These banks don't have enough capitol to meet regulatory requirements, and have been cheating the system much like Enron did by hiding securities off their balance sheets.
The only way to restore confidence to the financials and put an end to the credit crisis is to have transparency again. No one knows which banks are going to survive and which ones will fail. Trust will not be regained until all the banks are once again playing by the rules.- wageslaven, on 03/27/2008, -1/+1Regulation of the financial markets will prevent this from happening in the future. Secondly, criminal prosecution of these thieves.
Further, the end of Corporate Welfare, and the pro-corporation regulation at every level needs to end.
- wageslaven, on 03/27/2008, -1/+1Regulation of the financial markets will prevent this from happening in the future. Secondly, criminal prosecution of these thieves.
- Conwaysb0718, on 03/28/2008, -2/+3Just keep giving me the ***** money, cuz im sure as ***** not gonna put it back into the economy... not now, anyway. And I am one of the homeowners who bought a house within his price range in 2005. are you gonna raise my taxes to help bail out the schlubs who borrowed way more than they should have?
- cg4et, on 03/30/2008, -0/+1If you are one of the wealthiest 1% of society, then your taxes will probably have to go back to what they were during the 1990's. This has less to do with class warfare than it does with the actual warfare that is being waged, at great cost, in Iraq. The deficit has soared under George Bush--something must be done to stop the bleeding.
- agent36, on 03/29/2008, -4/+0seriously socialism by an unassuming candidate, obama is in denial of many things, mainly the importance of truth, how can the man say he wants to be my president when he has ties to racial divides, economically he wants more from me and he doesn't even know the facts of his own life story with all the misrepresentations in his biography. he just said the Iraq war has lasted longer than ww 2 and Vietnam, I'm pretty sure that that is inaccurate also. i i think obama may be suffering the effects of his college drug use. politicians are like ipods, same core device, new package and features.
- taintedzodiac, on 03/29/2008, -0/+3I think he was referring to the American involvement in WW2 and Vietnam. WW2 was a 6-7 year war (depending on when you date it's beginning and end).
- agent36, on 03/31/2008, -1/+0i get that he meant seperately not combined, even so were at 5 years in iraq, and vietnam was almost a decade and ww2 still has another 2 years before he could make that a valid point, either way he spits out faulty information just a sign of things to come. if he wins i am so goin to a country where socialism is already perfected instead of becoming the next test subject for a failing populace. i know i need a history refresher but then again im not running for president of this fine mess.
- Gemfinder, on 04/02/2008, -1/+1You also need a spelling and punctuation refresher.
- agent36, on 03/31/2008, -1/+0i get that he meant seperately not combined, even so were at 5 years in iraq, and vietnam was almost a decade and ww2 still has another 2 years before he could make that a valid point, either way he spits out faulty information just a sign of things to come. if he wins i am so goin to a country where socialism is already perfected instead of becoming the next test subject for a failing populace. i know i need a history refresher but then again im not running for president of this fine mess.
- taintedzodiac, on 03/29/2008, -0/+3I think he was referring to the American involvement in WW2 and Vietnam. WW2 was a 6-7 year war (depending on when you date it's beginning and end).
- Gemfinder, on 04/02/2008, -0/+2$30 billion. How long does it take for the war in Iraq to go through that?
- Debmood, on 04/12/2008, -0/+0How do I know this is the Senator? There are so many people on the Internet who will created Senator Obama's profiles with devious intentions. If it is Senator Obama, how to I add it to my friend's list.
Anyway, I think I'm one of the most aggressive campaigner volunteers for Obama. I'm very proud to be a member and I kind of like this digg site.
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