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Obama Pressures Democrats to Vote For Bailout

Posted by libhom Thursday, October 02, 2008

From the Politico 9/30/08:

RENO, Nev.— Barack Obama on Tuesday stepped up his advocacy for the Bush Administration’s endangered $700 billion bailout plan by making a round of calls to rank-and-file Democrats in the House and casting congressional inaction in dire, real-world terms. He also massaged his pitch, no longer using the word “bailout” to describe the bill.

In a speech laden with warnings about the impact on average voters, Obama made his strongest push yet for the financial package rejected Monday by the House, saying the upheaval was “no longer just a Wall Street crisis – it’s an American crisis, and it’s the American economy that needs this rescue plan.”

Obama is as out of touch with the needs and lives of middle class Americans as McCain. The Demopublicans want us to settle for the less evil of two plutocrats.

I'll wrap up by quoting the most famous gay atheist in US history, James Baldwin.
There is no such thing as the lesser of two evils.


 

5 comments

  1. Joey7777 Says:
  2. This comment has been removed by a blog administrator.  
  3. Thanks for doing what you do!

    Do you support Barack Obama's push for universal health care, even for gays who have coverage but their lovers don't, and so the lovers go without access to medical care?

    Do you agree that if we could get the insurance companies out of the mix (they might just become bankrupt like Wall Street, with everyone's money, and then need a bailout), then getting insurance companies out of the mix and providing care directly would be more efficient?

    After all, does having "insurance" really "ensure" you very much of anything, except bureaucracy, aggravation and arguments, when it comes to health care?

    If you support universal health care the please post the Afrosphere Action Coalition "National Health Care Now!" widget, which informs and leads your readers to a petition in support of universal health care.

    It also shows the insurance companies the "high esteem" we have for them, by proposing a system in which they have no role at all, and never once using the word "insurance" in the entire text. In my opinion, Americans don't want "insurance". They want the assurance that they can access quality medical care when the need it, and they've been told that paying for "insurance" is the only way they can see "assured" of seeing a doctor and getting medicine when the need it.

    I would be a rich man if I could find a way to earn thirty cents for every dollar that is spent at American supermarkets. How about "supermarket insurance"? You pay me to "cover you" when you are hungry, and then if I believe you are hungry enough, I will give you permission to go to the supermarket? And for this you pay me thirty cents of every dollar that you otherwise would have spent on food.

    Of course it requires an enormous bureaucracy to review each American's decision to go to the supermarket, but that's what I'm hear for! That's why you pay me thirty cents on the dollar for all of the money that is spent on food in America!

    If that doesn't make any sense to you at all, then please adopt the Afrosphere Action Coalition's National Health Care Now! EasyWidget that takes you and your readers to the Petition demanding National Health Care Now!

    Unfortunately, some few "progressive" whites may be reluctant to support this effort because it is led by Black people whom they don't like. Those "progressives" don't realize that unless everybody works together we are never going to get universal health care in this nation. And so, we progressives will be compelled to break the color line, if only on this issue, whether we like it or not.

    When you show your support for national health care right before the election, you are reminding people why it is so important that Barack Obama and not John McCain be elected president. Like the "economy", health care is about 20% of the American economy and it' s really in just as much of a "crisis" as Wall Street. But because the crises in your wallet and in your child's aching tooth don't have any lobbyists in Washington, Wall Street gets a bailout long before your high blood pressure or mammogram do.

    Is it early to start worrying about national health care. Well, aren't the lobbyists already paying our representatives in Washington to assure that it never happens? If we want universal health insurance, we'll have to work for it as early and as diligently as the lobbyist who are rallying to oppose it.

    Please post a widget leading to the petition.

     
  4. Anonymous Says:
  5. Recently an insurance company nearly wind up....

    A bank is nearly bankrupt......

    How it affect you? Did you buy insurance? Did you buy mini note or bonds?

    Who fault?

    They only talk about how bad the crisis will be, but they did not give regulation measures…..

    Although not approved initially when thinking of using tax payer money, $700B is used to save finance industry only, how about the industry that you are in.....retail industry, construction industry, manufacturing industry, R&D, electronics, electrical, mechanical, chemical, IT etc.... each industry will be able to enjoy at least $10B.......Which will make every industry vibrant…..

    They say without using tax payer money, they will not be able to lend to small companies…..

    Bank primary role is to lend money….else what sort of business will let them earn….?

    Many companies had been merged and consolidated, and they are stronger now, so don’t bail out, they will consolidated…..

    Many ways of raising their own funds eg preference shares, sovereignty fund etc.


    The top management of the Public listed company ( belong to "public" ) salary should be tied a portion of it to the shares price ( IPO or ave 5 years ).... so when the shares price drop, it don't just penalise the investors, but those who don't take care of the company.....If this rule is pass on, without any need of further regulation, all industries ( as long as it is public listed ) will be self regulated......

    We must push for it for our next generations......


    Sign a petition to your favourite president candidate, congress member again and ask for their views to comment on this, and what regulations they are going to raise for implementation.....If you agree on my point, please share with many people as possible....

    Media and finance sector are the only two sectors ( hopefully Hacker can also ) which can overcome political incorrect power, so it is time to fine tune to the correct path, so hopefully media can united to report the truth...... ( because after this incident, they will still required media in future )

    http://remindmyselfinstock.blogspot.com/

     
  6. GDAEman Says:
  7. Ahh. Yes. "plutocrats." That's a word that needs to get more air play... along with "plutocracy."

     
  8. Chandira Says:
  9. Libhom, I have to disagree with that, after a reading of the Audacity of Hope. I think Obama knows very well what the deal is.. I've been trying to read objectively, but I will say, he is impressing me on most issues.

    I have to disagree with James Baldwin.

     

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