Upper Class Pillaging: economists say "yes!" to Ob

[natina]

Will the tide finally turn during an Obama Presidency? After analyzing Obama's economic positions (including health care, tax policies and budgeting), most economists say "yes!"

After eight years of the Bush Presidency, McCain style deregulation and tax policy that favors the rich, the American middle class has been taken hostage and told they will lose everything (trickle down financial ruin) if they do not bailout the big banks, investment firms and insurance companies. Bush & Cheney have perfected the panic mode wealth transfer that Naomi Klein describes so well in "The Shock Doctrine." This multi-trillion-dollar parting gift is their payback to the upper class that helped orchestrate their election

The middle class and poor get crumbs from measly "bailouts" such as the lackluster sub-prime mortgage assistance program and a tax rebate check for $600; while the rich get more tangible bailouts to the tune of billions. Capitalism for the middle class, socialism for the rich, indeed! This is what you get when corrupt Republicans and the Corporate sociopathic personality rule the economy. One of the ways to change this dynamic is to remove corporation's status as a separate entity unbound by individual consequences and place more responsibility on the executives that direct corporate actions.

We need to end the the welfare era for the rich via tax cuts, Halliburton / war "no bid" handouts, oil company gouging and corporate bailouts. Instead, the American government needs to lift the middle class with investments in education, job training, energy independence (from domestic oil companies too!), health care and economic programs such as small business development and tangible mortgage assistance.

The only choice for fiscal conservatives in this election is Obama. By electing Obama POTUS and other fiscally sympathetic representatives, the middle class can then exercise its newfound power over insurance companies, corporations and bankers. You want us to bail you out? Here are some of our demands:



http://www.huffingtonpost.com/mike-g..._b_135892.html

[PapaGrande]

Naomi Klein is an economist? LOL

I feel sorry for people like who who believe propaganda such as this crapola disguised as "journalism".

[trish]

Paul Krugman, Nobel laureate in economics wrote recently,

"...Barack Obama seems well informed and sensible about matters economic and financial. John McCain, on the other hand, scares me."

Here's the rest of the article

http://www.nytimes.com/2008/09/29/op...29krugman.html

[El Nino]

Well said D.T.

[PapaGrande]

Paul Krugman, Nobel laureate in economics wrote recently,

"...Barack Obama seems well informed and sensible about matters economic and financial. John McCain, on the other hand, scares me."

Here's the rest of the article

http://www.nytimes.com/2008/09/29/op...29krugman.html

Krugman won the nobel prize for his work on economic geography, not his extreme partisan op-ed pieces in the Times or other mass media.