Faithful Readers

Thursday, October 9, 2008

It Will Get Much, Much Worse. Guaranteed.

These should be required viewing for every American. These videos should be broadcast by every major network news program during their highest rated shows.

The videos prove exactly what we've known all along, and why the race is as close as it is. They prove that Black folks as a monolith have some basis of justification for the resentment and distrust of the White majority. They prove how easy it is to kindle up the absolute worst in people with bold lies and distortions of the truth. But ultimately, these videos prove just how far the nation hasn't come in the 7 years since 9/11, let alone the last 44 years since Johnson signed the Civil Rights Act.

Why do I think this is a Black/White issue? Listen to the code words spoken by the interviewees. The scariest part is most of these people look like my neighbors, past co-workers, people I'd run into on any ordinary day - not just some obscure, backwoods townsfolk from rural America.





Unless McCain himself takes the reigns on this to stop the anti-American slander/propaganda, and genuinely castigates this wide fringe of his supporters, they will interpret his silence as his condonation. This insanity won't end safely. If it's allowed to continue much longer, some idiot is going to try to make a name for himself under the guise of patriotism.

Please share these videos with everyone you know - so that we can snatch the covers off of this corrosive part of our society.

Peace.

Sarah Palin's Debate Strategy Revealed

Wednesday, October 8, 2008

McCain - The Newest Trick (WTF) ?!?!?!?!

I know everyone has either seen or heard the debate/town hall from last night. Obviously, Obama handily won this debate on multiple levels - coherency, style, presence, and issues. Senator McCain.....not so much.

Just a few observations:

(1) McCain never said the phrase "middle class" during the entire debate. Should it matter? I don't know, but it seems like he just can't bear to bring himself to address the widest swath of the American electorate - just like he appeared unable or un-willing to look BHO in the eye during the first debate (and for most of the town hall).

(2) McCain's body language seems frustrated - like the "know-it-all" geezer who becomes indignant when he thinks someone less qualified is questioning his authority. I've noticed on too many occasions (more than I can count) - that McCain says "I know how to....(fill in the blank with 'win this war', 'catch bin Laden', 'fix this economy', etc.)" But, he never says exactly how he'll do it.

(3) Hidden racism - - not the "THAT ONE!" comment. That was just flat-out disrespect. I'm talking about McCain's dismissive assumption that the young Black man who asked about the direct impact of the rescue package on his individual situation - probably never heard of Fannie Mae or Freddie Mac prior to this crisis.

(4) I think BHO blew the answer on a so-called "Obama Doctrine" for committing forces to humanitarian efforts (Darfur, Rwanda, Somalia, Congo, etc). Granted, it was a curve-ball, but BHO had a weak answer. McCain was much more definitive and pragmatic with his answer - saying that the US should determine its involvement based on its ability to beneficially affect the situation.

But the whopper of the night was McCain's supposed genius idea that he thought up all by himself - the $300Billion taxpayer buy-out of all "bad home loans". His rationale is by doing so he will help house values stabilize and ultimately preserve the American dream. WTF?!?!?!?!? The conservative base just had a stroke! If that isn't socialism, I don't know what is!

A few things about this original idea -
(1) - it was already a provision in the $840 Billion package (included under a section that gives discretion to the courts to intervene on "bad loans "under certain specific conditions).
(2) - McCain's plan calls for the re-purchase of these "bad loans" at the value that they were issued, then re-negotiate them at the current market value. That means the banks stay whole, and the taxpayer/homeowner pays twice!
(3) - this $300B plan is in addition to the $840 Billion already pledged. How does this fit into his "across the board spending freeze" and position that government is too big?
(4) who qualifies? Just about everybody I know has seen their home value fall.

But - even though it's another wild attempt at a game-changer, McCain has hit upon something that will resonate with the un-educated voter. The plan sounds like "McCain will fix my mortgage and save me from foreclosure!" A desperate American at risk of being homeless might pull the lever for McCain solely on this empty promise. Not good for Obama, not good for America.

I found a great plan that would position Obama as a economic champion - in much the same way that FDR provided sound leadership out of the Great Depression. Check it out here.

It's really worth the read because my summary can't do it justice. But the points are simply:

(1) A 2009 tax credit of $10K to homebuyers for had the FICO score and verifiable income, but still got sub-prime loans because of unscrupulous lending practices.

(2) Convert the loans for these qualified people to a fixed 5.5% 30 year mortgage backed by the US govt.

(3) A 2009 & 2010 tax credit of $3000 each year to people who purchase a primary residence in those years (to encourage people to start buying again)

(4) Offer banks incentives to convert delinquent ARM loans to fixed rate loans and provide a 3 month grace period for borrowers to get back on sound fiscal footing so they can begin to make regular payments.

(5) A US Treasury bond purchase program for 401K participants to help finance this housing stimulus package.

(6) extended unemployment benefits, and a re-hire incentive program for companies who had to lay off workers because of the economic crisis.

(7) A one-time tax write-off for Americans over 55yrs old who lost at least 20% of the value of their retirement or 401K in 2008. They could write off 50% of the loss up to $50K

-----------------------

Oh yeah, in today's AP wire:

"WASHINGTON — U.S. airstrikes in Afghanistan on Aug. 22 killed some 30 civilians, far more than the military has previously acknowledged, Defense officials said Wednesday.....Gen. David McKiernan has said there are not enough U.S. ground forces in Afghanistan, so the military is relying more heavily on air power _ a greater risk in a conflict where insurgents don't wear uniforms and intentionally mix with the general population for protection."

This is only the latest rash of civilian deaths due to American military blunders. It will be interesting to see how long the McCain campaign accuses Obama of being un-patriotic when he spoke about air raids and civilian casualties in Afghanistan.

Peace and blessings,

Mike.

Tuesday, October 7, 2008

I'M BACK!!!

It's been almost three months since my last posting, and I am sure many are wondering why I've been silent. Well, it's because from July until now, the majority of the discourse has been on substantive issues where the differences between the candidates are more objective and rational. But, I think that these types of campaigns are fought on two separate tracts - one that deals with real issues, and one that deals with pettiness and smear. As it was with the primaries (and it has been historically with all general elections), smear become the weapon of choice when the substantive issues can't tilt the results.

Now we are in the home stretch, and nasty, hateful innuendos and outright lies are starting to be promoted. With 29 nine days to go, the Republican party is desperate to find anything to invalidate Obama. The list is long, laughable, and insulting to anyone with the common-sense to have followed the real issues over the last 9 months. But, some things on the list are divisive and violently catalytic for those who fear an America they've never imagined - one that is led by a Black man.

Examples?
- The JSM campaign admitting they will turn their messaging to character issues instead of substantive issues.
- Explicit guilt by association through the re-emergence of Rev. Wright, Rezko, and the baseless linking of BHO to Ayers.
- Mis-quotes, truncated snippets from BHO that are 100% out of context.

The impact? Shouts of "Kill him!", "Terrorist", and "Treason!" clearly heard from the Republican crowds that have gathered in the last several days. More shocking is that these epithets have gone unchecked by the candidates. You could argue that maybe they didn't hear it, but common-sense says otherwise. You want proof - check out this clip from a rally this week:



The canard about BHO and his so-called anti-American comments abut the Afghanistan war is especially troubling. Esecially when the truth is a US commander had to issue a formal on-air apology to Afghanistan for the high number of civilian casualties. See the proof...

Video length is 2:11


The substantive tract would address the fact that the Afghan efforts are being poorly executed and costing the US credibility in the region. The substantive tract would try to find ways to take BHO to task for not working to get the war back on an strategic path. (Obviously, no Senator can do this independently, but it would focus the argument on the issue.)

Instead, McCain's tract does not bring his own military credentials to bare on the issue. Instead, McCain's tract truncates BHO's comments, and isolates them to make them seem unAmerican. Then, McCain bets on the American peoples' lack of desire to be informed enough to know the ENTIRE context.


I guess the wheels have come off of the "Straight Talk Express", especially when you hear from McCain's own mouth his so-called "position" on negative campaigning....




This whole thing could easily devolve into some tit-for-tat campaign warfare that doesn't do any American any good. But, it's very clear that the baggage that McCain-Palin brings to this arena is very compelling. Past is prologue.

McCain's track record on protecting Americans from malfeasance and corporate greed (like our present-day debacle) : www.keatingeconomics.com

Video length: 8 minutes, but well worth it!



I'm just getting warmed up, so expect to see a lot more from me over the next 4 weeks until election day.

Peace.