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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (399132)7/15/2008 7:55:56 PM
From: Ruffian  Respond to of 1576615
 
Fannie Mae and Freddie Mac have both had strong ties to the Washington, D.C., political community. The housing finance giants have counted government power brokers as board members and executive staff. Here, a look at key players, past and present.

Fannie Mae

James A. Johnson, former chairman and CEO: Aide to Vice President Walter Mondale; recently led Sen. Barack Obama's vice-presidential search team

Jamie Gorelick, former vice chairwoman: Deputy attorney general under President Bill Clinton; former Defense Department general counsel; member of 9/11 Commission

Franklin D. Raines, former chairman and CEO: Budget director under Clinton

Thomas E. Donilon, former executive vice president: Former assistant secretary of state under Clinton; senior adviser to Michael Dukakis' presidential campaign; national campaign coordinator for Walter Mondale's presidential campaign; congressional liaison for President Jimmy Carter.



To: Brumar89 who wrote (399132)7/16/2008 12:13:53 AM
From: tejek  Respond to of 1576615
 
An opportunity lost

Posted July 15th, 2008 at 4:40 pm
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In Matt Yglesias’ book, “Heads in the Sand,” which I can’t recommend enough, there’s an especially depressing chapter that explores the extraordinary opportunity the United States had in the wake of the Sept. 11 attacks. From Chapter Three:

Nations around the world, including ones with long-standing tense relations with the United States, felt their interests threatened by the rise of transnational terrorism. An internationalist approach could have brought a vast quantity of resources from all around the world to bear on a handful of acute problems — a global alliance capable of achieving defined goals on several fronts.

It’s easy to forget what an important, generational moment this was the nation. Our traditional allies couldn’t have been more supportive, and were anxious to cooperate, but more importantly, untraditional allies wanted to forge new relationships with the United States, including Syria and Iran, both of which had long-standing concerns about al Qaeda. It was an unprecedented opportunity for America to lead. Instead, we had George W. Bush, Dick Cheney, and a team of neocons, who had a dream to execute. We’re living with the consequences today, and will be for quite some time.

I mention this because of one of the more powerful portions of Barack Obama’s speech on national security today in DC.

“The power to destroy life on a catastrophic scale now risks falling into the hands of terrorists. The future of our security - and our planet - is held hostage to our dependence on foreign oil and gas. From the cave-spotted mountains of northwest Pakistan, to the centrifuges spinning beneath Iranian soil, we know that the American people cannot be protected by oceans or the sheer might of our military alone.

“The attacks of September 11 brought this new reality into a terrible and ominous focus. On that bright and beautiful day, the world of peace and prosperity that was the legacy of our Cold War victory seemed to suddenly vanish under rubble, and twisted steel, and clouds of smoke.

“But the depth of this tragedy also drew out the decency and determination of our nation. At blood banks and vigils; in schools and in the United States Congress, Americans were united - more united, even, than we were at the dawn of the Cold War. The world, too, was united against the perpetrators of this evil act, as old allies, new friends, and even long-time adversaries stood by our side. It was time - once again - for America’s might and moral suasion to be harnessed; it was time to once again shape a new security strategy for an ever-changing world.

“Imagine, for a moment, what we could have done in those days, and months, and years after 9/11.

“We could have deployed the full force of American power to hunt down and destroy Osama bin Laden, al Qaeda, the Taliban, and all of the terrorists responsible for 9/11, while supporting real security in Afghanistan.

“We could have secured loose nuclear materials around the world, and updated a 20th century non-proliferation framework to meet the challenges of the 21st.

“We could have invested hundreds of billions of dollars in alternative sources of energy to grow our economy, save our planet, and end the tyranny of oil.

“We could have strengthened old alliances, formed new partnerships, and renewed international institutions to advance peace and prosperity.

“We could have called on a new generation to step into the strong currents of history, and to serve their country as troops and teachers, Peace Corps volunteers and police officers.

“We could have secured our homeland–investing in sophisticated new protection for our ports, our trains and our power plants.

“We could have rebuilt our roads and bridges, laid down new rail and broadband and electricity systems, and made college affordable for every American to strengthen our ability to compete.

“We could have done that.


“Instead, we have lost thousands of American lives, spent nearly a trillion dollars, alienated allies and neglected emerging threats - all in the cause of fighting a war for well over five years in a country that had absolutely nothing to do with the 9/11 attacks.”

Keep in mind, this was more than just a missed leadership opportunity, more than just a dangerous miscalculation, and more than just a mistake. It was the execution of a misguided worldview that deliberately rejected this generational opportunity.

And it is a worldview that John McCain — at least in his current persona — embraces enthusiastically.

There are 111 days until the election. Vote wisely.



To: Brumar89 who wrote (399132)7/16/2008 12:16:05 AM
From: tejek  Read Replies (1) | Respond to of 1576615
 
According to the Institute for Research on the Economics of Taxation, Mr. Obama's tax hike would knock off $2.5 trillion in capital formation over five years, or nearly 2% of gross domestic product.

"If we are only growing around 2% over the next five years, then we will have virtually zero growth for the period," the president of the institute, Stephen Entin, said. "This will create a permanent hit of 5% or greater to GDP."

The effect on New York will be even more acute: Wall Street accounts for nearly 9% of the city's tax revenues and up to 20% of the state's revenues; the city collected more than $3.3 billion in tax revenue from the securities industry in fiscal year 2007 and New York State collected $9.6 billion, according to New York State Comptroller Thomas DiNapoli. In addition, every job added on Wall Street results in the creation of two additional jobs in other industries in the city, and one additional job in the suburbs.


I love the way your people throw out numbers like they mean something.

Bottom line: You get what you pay for........Bush was on the cheap and it shows.