Drew Dowdell

The Bush Administration entered office as social conservatives and left as conservative socialists.

McCain is for smaller government? Did you catch McCain's line in the debate where he proposes the government buy up all the failed mortgages? Did you see him running around suspending his campaign so that he could try (and fail) to pass a $700 billion handout to Wall Street? If McCain is for smaller government, then I'm a Toyota fan. Furthermore... you, gm4life, will get a LARGER tax cut under Obama than under McCain.

Now Wall Street may shun $700bn bail-out Fears are mounting that many Wall Street banks and financial firms will refuse to participate in the US government's $700bn bail-out package, leaving global markets and world economies in a perilous state for months to come. 'There is a growing feeling that banks ... might instead decide to tough it out,' said Thomas Caldwell, chairman and CEO of Caldwell Financial, a $1bn-plus fund manager. For the past two weeks all eyes in the market have been focused on US Congress and its attempts to pass Treasury Secretary Henry Paulson's bail-out package - a bill to allow the US government to buy up to $700bn of toxic mortgage-related assets from American banks, which would in theory free the credit markets and set the gears of global commerce spinning once more. Last Monday, after the bill was thrown out by the House of Representatives, more than $1 trillion was wiped off the value of US stocks as the market was gripped by panic. The bill was passed on Friday afternoon, however, after the inclusion of $149bn of tax breaks and strict rules for participating banks. But Wall Street analysts, believe the addition of so many terms to the bill might deter potential participants. One of the least attractive elements is a section designed to curb executive pay at banks that participate in the bail-out package. These include limiting stock-related pay and banning 'golden parachutes' for executives. 'I think this hodge-podge of regulations and rules will be enough to put many [chief executives] off participating,' Caldwell said. Sources close to Goldman Sachs and Merrill Lynch indicated the banks might choose not to participate in the bail-out as there is a growing view on Wall Street that the market may be bottoming out. Analysts also believe that the mere presence of the government as buyer of last resort will be enough to get credit markets moving again, and that a large number of banks would not need to take part for the legislation to succeed. Wall Street ended its worst week in seven years with another tumble on Friday. The Dow Jones Industrial Average closed down more than 157 points on Friday at 10,325.38.

I'm not going, but GMTguy and OCN, if you remember my friend Dominic who was with me last time, he'll be there. Instead, I am going to visit the EBT.

anyone else half expect some "crisis" to emerge around November 3rd?

Well you'd think they'd be making some money since the new Camaro has been on sale for 3 years and they brought the Chinese Park Ave and SLS over here right at release. The Chevy Beat sure has been selling well ever since it replaced the Aveo in summer 2007. Of course with gas prices the way they are, it's no surprise that the 2-Mode hybrid has about a 50% adoption rate on all new GM cars. When the Cruze goes on sale in January '09 sales will probably take off pretty quick. </mirror universe> GME makes money in spite of itself... not because it does anything particularly well.

On October 1, the Pentagon, for the first time ever, dedicated an Army force specifically to NorthCom, which is in charge of securing not some foreign region but the United States of America. The Pentagon’s decision to dedicate the First Brigade Combat Team to NorthCom has raised alarms, especially in the context of the current economic crisis. In Bush’s National Security Presidential Directive 51, he lays out his authority in the event of a catastrophic emergency. In such an emergency, “the President shall lead the activities of the Federal Government for ensuring constitutional government” and will coordinate with state, local, and tribal governments, along with private sector owners of infrastructure. NSPD 51 defines a catastrophic emergency as “any incident, regardless of location, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, economy, or government function.” Notice the use of the word “or” above. In our current circumstances, it might be more relevant to read the definition this way: “any incident . . . that results in extraordinary levels of . . . disruption severely affecting the U.S. . . . economy.”

Ford's Market capitalization is lower than their net equity for 2007.

Phil Gramm, the guy that helped cause far more damage to America than Ayers could ever dream of, would likely be McCain's Sec. of Treasury.

As long as you look at fundamentals and not emotion, Ford has been a buy since about $4.00

"My friends" drove me nuts. It was like he was a used car salesman trying to con me into buying a lemon.

which is why it's a bad idea.... but that's how the plan works

Well, actually, if you participate in this program, you have to promise a portion of any future profits on the sale of the house to the government. So if you let the goverment eat your $40,000 loss today but sell your house in 15 years at a $100,000 gain, the government gets to take $40,000 of that back. I made up the percentages, but that's basically house it works.

pppfftt... Brokaw sounds drunk

hahah! Go out and shop!

I do really like this style of debate much more than the others...

McCain still can't help but looking pissed... you can see his jaw muscles throb when Obama is talking.

Question 1: Obama answers the question about helping the people hurting most by this economy McCain talks about energy independence and then proposes a MASSIVE spending bill to buy up homes at their new lower value and then re-sell them back to the home owner.

I plan to live comment.

Is this really the kind of administration we want (again)? No press conferences, no accountability, no Meet The Press, no medical records, and no college transcripts for the Palin Express. And now, the press is barred from even talking to her supporters: This is not America. And it's a chilling preview of how Putin-like a Palin-McCain administration would be. Will she get her own ministry of information?

I'm on board with that.... just fund it wisely/prudently and eliminated spending on many of these crazy military projects.

no, I haven't

I think your issue is the greater goal that encompasses the smaller goals that Camino and I have. What's your problem with that?

but I love ewe!!!!