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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (45508)	11/21/2008 10:17:50 PM
From: zeta1961	Read Replies (3) \| Respond to of 149317

Did anyone see David Brooks column today?..My goodness..he's got a crush on Obama.. dailykos.com

To: ChinuSFO who wrote (45508)	11/22/2008 2:21:13 AM
From: stockman_scott	Respond to of 149317

Here's an interesting perspective posted out on a Washington Post discussion thread... <<...Obviously these are difficult times with lots of frustrations and fears. It’s hard not to express our most base, emotional reaction to every tiny bit if economic news. But maybe we all need to take a deep breath on the issue of GM or any of the Big Three executives using corporate jets. How were they supposed to get to Washington, car pool? Where is the same scrutiny of the Wall Street executives and their travel arrangements? These are the same financial executives who rolled the dice on derivatives, sub prime backed real estates bonds and other remarkably silly financial products. The truth is there is plenty of blame to go around. This financial mess our country is experiencing had a lot of fathers. So let’s hold off on happily flushing the core of the American manufacturing industry down the drain. If the Big Three falls then their primary suppliers are the next to fall. The American steel industry, the aluminum industry, plastics, rubber, energy, glass, electronic suppliers which one, if any, could you point to and declare it safe. Don’t just think of the lead domino, think of all the dominos. Remember these core industries are also the basis for your defense manufacturers. If you let these businesses unravel, they would be time consuming and difficult to rebuild in a national emergency. The financial industry has been strangely quiet about the proposed bail out of the Big Three. After receiving their large share of the seven hundred billion dollar TARP they have got to be aware that losing the Big Three would put one million and a half to two million and a half of their customers on the street. Call them customers or call them ‘life blood’ - the already fragile financial markets would only survive in a grossly atrophied and shrunken form. Yes, the Big Three did a pretty poor job of presenting their case to the legislature. GM, Ford and Chrysler seemed to have no idea how used and abused the American tax payer is feeling right now. But used and abused and out of work would be even worse. Truthfully, Detroit is probably making the best cars they have ever made. Yet there is no question they have been behind the curve on fuel economy and alternative energy use but the answer is not to kill them off by neglect. I think one of the things we may need is a more uniform standard for deciding who is ‘bailed-out’ and under what guidelines bail-out funds are distributed. The rush to write Wall Street a blank check and thumb our nose at blue collar industries smells a little like one of those 'isms'. Elitism, regionalism, pure politics or some other counter-productive caste or class stupidity. Can’t Washington see, in economics everything is connected.?? You can’t mortally wound manufacturing and expect finance, agriculture and the service industry to keep clicking along. It’s all connected. Posted by: harold619 \| November 21, 2008 3:30 PM...>>