[Juballharshaw]

Obama comes out swinging.

Alt title: Obama's campaign sent me an email.

Patrick --

Over the weekend, John McCain's top adviser announced their plan to stop engaging in a debate over the economy and "turn the page" to more direct, personal attacks on Barack Obama.

In the middle of the worst economic crisis since the Great Depression, they want to change the subject from the central question of this election. Perhaps because the policies McCain supported these past eight years and wants to continue are pretty hard to defend.

But it's not just McCain's role in the current crisis that they're avoiding. The backward economic philosophy and culture of corruption that helped create the current crisis are looking more and more like the other major financial crisis of our time.

During the savings and loan crisis of the late '80s and early '90s, McCain's political favors and aggressive support for deregulation put him at the center of the fall of Lincoln Savings and Loan, one of the largest in the country. More than 23,000 investors lost their savings. Overall, the savings and loan crisis required the federal government to bail out the savings of hundreds of thousands of families and ultimately cost American taxpayers $124 billion.

Sound familiar?

In that crisis, John McCain and his political patron, Charles Keating, played central roles that ultimately landed Keating in jail for fraud and McCain in front of the Senate Ethics Committee. The McCain campaign has tried to avoid talking about the scandal, but with so many parallels to the current crisis, McCain's Keating history is relevant and voters deserve to know the facts -- and see for themselves the pattern of poor judgment by John McCain.

So at noon Eastern on Monday, October 6th, we're releasing a 13-minute documentary about the scandal called "Keating Economics: John McCain and the Making of a Financial Crisis" -- it will be available at KeatingEconomics.com, along with background information that every voter should know.

Watch a preview right now and share it with your friends.

The point of the film and the web site is that John McCain still hasn't learned his lesson.

And this time, McCain's bankrupt economic philosophy has put our economy at the brink of collapse and put millions of Americans at risk of losing their homes.

Watch the video to see why John McCain's failed philosophy and poor judgment is a recipe for deepening the crisis:

Keating Economics | Watch the Video and Share It with Your Friends

It's no wonder John McCain would rather spend the last month of this election smearing Barack's character instead of talking about the top priority issue for voters.

But if we work together, we can make sure the focus stays on the economy -- and how to fix it.

Please forward this email to everyone you know.

Thanks,

David

David Plouffe
Campaign Manager
Obama for America

P.S. -- The documentary will be live at noon Eastern at Keating Economics.

http://www.youtube.com/watch?v=qsI_0bV2CZo

[smirnoff]

Kind of hard to take seriously if it's produced by Obama though isn't it?

[smirnoff]

It is pretty concerning that McCain was pushing for MORE deregulation back in march. Even if he truly believed that was the right thing to do, it was the wrong decision.

[Juballharshaw]

Produced by Obama or not, it did happen and it's relevant to what's going on in our economy now.

[Goofus Maximus]

The vote to keep Credit Default Swaps unregulated, introduced by Senator Phil Graham (McCain's economic advisor, till he called us a Nation of whiners!), and added as a rider to a budget bill, was voted through the Senate by a vote of 97 to ZERO. Nobody, Republican or Democrat, voted against it. Bill Clinton SIGNED it. The understaffing of inspectors and regulators in Regulatory agencies, such as the FDA, and instruction to "hear no evil, see no evil, speak no evil" with regards to regulation, has carried through every administration since Reagan.

Thus the blame is equal opportunity between Demoblicans and Republicrats. They both listen to their Lobbyists (just like the Zeitgeist video said), who convince them that the baby IS the bathwater, and vice versa... The result of all this is this crisis, as well as several questionable drugs passed with cherry-picked and fudged studies, and just about a "food poisoning of the month," lately involving jalepenos (not tomatos as originally thought).

[ivwshane]

FactCheck.org: Who Caused the Economic Crisis?

[Goofus Maximus]

Answer: We all did! As the Economist interviewed, in my oft-touted "This American Life" episode dealing with this mess, all of the problems we see, from the mortgage backed securities, to the credit-default-swaps, are just symptoms, and the main problem is that the entire world just has TOO MUCH DEBT.

[hans5849]

Originally Posted by Goofus Maximus

Answer: We all did! As the Economist interviewed, in my oft-touted "This American Life" episode dealing with this mess, all of the problems we see, from the mortgage backed securities, to the credit-default-swaps, are just symptoms, and the main problem is that the entire world just has TOO MUCH DEBT.

Hang the Americans!

[GirlsRidePonies]

Fuck both of these guys. What this country needed was real fiscal conservatism, not this religious fundie spending spree bullshit that republicans are now. At least with the democrats you knew you'd be paying more to COVER what they were spending...

Man, fuck everybody.

[Torx]

we got a couple more weeks for bush to wreak more havoc.

i predict his arrival of dictatorship

[mistawiskas]

mark my words: "before it's over, we as well as the rest of the world will be begging for a NWO type sollution."
Why? because nobody wants to change. or if they do want things to change, they aren't willing to make the neccessary sacrifices. How do radicals get into power? because they have the right "words" at the right time. Mid eastern type violence happens when peoples' fear turns to anger. I see the population of the USA's fears turning to anger. There are more and more people with nothing to loose every day this is allowed to go on and the people paid to watch the pulse of the nation are more than aware of this. Hense, a battalion (+commitments with Canada's military) is now attatched to homeland security.

[integra00]

i bet there going to ban assault weapons again soon.

[bigwill51534]

Originally Posted by integra00

i bet there going to ban assault weapons again soon.

I'm good, I have a handgun! I'm waiting for stricter regulations regarding guns altogether. It would further indicate worry by the government regarfing mass riots.

~Will Courtier~

[mistawiskas]

Every "registered weapon" can be easily consfiscated. Why else the importance on registering them.

[GirlsRidePonies]

Originally Posted by mistawiskas

Every "registered weapon" can be easily consfiscated. Why else the importance on registering them.

They can take my guns from my cold, dead hands.

You think I'm fucking joking.

[mistawiskas]

Originally Posted by GirlsRidePonies

They can take my guns from my cold, dead hands.

You think I'm fucking joking.

Niether you or millions of gun owners are joking about that. it's the only deterent we have working in our favor. But beware, if your weapons are registered, it's in a database that identifies what, and how many you have.
Also, the type and quantity of what you have can redflag you. There is a file on everyone somewhere in the G'VDB.

About the only other effective weapon we have, is wether or not we pay our debts . think about it

[MSP]

I've got several that are unregistered.

[mistawiskas]

Originally Posted by MSP

I've got several that are unregistered.

I'm not advocating illegal actions................but it may just be a darned good idea. A couple million other people think so too. I currently own no firearms at all, but that may change.