How McCain, Obama Would Fix Wall Street

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It is a silly thing-'experts' coming out of the woodwork offering solutions to "a" problem they don't even understand yet. Without assigning blame, there will be no real change, only delaying actions as old hands and green hands drain the next "solution" dry. Things are rotten, deeper than the surface pop-media is reporting on. We Know politicians were involved, politicians who are now trying to cloak their involvement by calling for hearings. Media's concern is focused on how this mess might help Barack Obama. Others, who have money at stake want their money. At the tail end of concerns is the taxpayer. As usual they get the lies, while everyone else gets served. Elected enablers of this mess should be thrown out, including The One running for president. This isn't a story of class warfare. It's corruption, short sightedness, DC connections, and absolutely no real regard for the citizens who make this country work. It cuts across both Parties, special self-interest groups, the lobbyist/political culture, and as we're finding out, has poisoned the investment community with unsound practices. It begs the question: does anyone up there know what the hell they're doing? Or worse, do they know but don't give a damn as long as their tanks are full, bars fully stocked, and futures secure thanks to gettin paid before schemes collapse?

Those who try to blame Republicans as The cause of this mess only prove they wear blinders. Those who believe the ultimate solution is govt. forcing happy endings,-we've just witnessed how that all went with 'affirmative loaning'. I can't wait to see what they do with Health Care and BigOil, both of which seem to be under some consideration by some on the Democrat side for nationalization.

has anyone given a thought to the idea that today's crises are the product of baby-boomers having now been at the helm{s} for the last 16 years? Everyone's so quick to point to culprits with the remotest of connections to a given crisis, but here's an obvious connection. Boomers got the world handed to them on a silver platter, earned through the toil and sacrifice of their ancestors. They are the first ME generation. Witness the resistance to reforming social security. If it's allowed to continue as is, it will bankrupt the country, but of course that's some years from now. Boomers are on a projected glide path through retirement. Don't dare mention tweaking much less transforming social security to them. The country, which was handed to them, will of course fulfill its obligations to them. Our crises have been of our own making. We get the governing we deserve, the governing we demanded. As long as 'everyone' was making money, who cared what Mac&Fay did, or how homes were collateralized? If a stock rose, how many cared if it was 'justified' or not?

What I meant to say was that bad bad man McCain, his lady sarah, bush/cheney/haiburton, and clingers.

bluecollarbytes of CO @ Sep 20, 2008 02:25:54 AM

John Mc Cain, Bush, and Cheny are members of a wicked gang of neocons who have damaged the economy of this country and started unnecessary wars that cost us billions of US$ and thousands of the lives of our young and brave soldiers. They have lied to all Americans about WMD in Iraq and unfortunately got us stuck in a quaqmire with no way out in the near future.Nobody can trust or tolerate such wicked clowns for another presidential term under any circustances. The proper place for John Mc Cain is a suitable oldman house, not the White House nor even the Senate.

SAM of NJ @ Sep 19, 2008 16:26:08 PM

Wrong, we can prosecute these execs under like Mafioso

Maybe prosecuting investment banks CEOS is bit of a stretch but we can definitely prosecute the CEOs of lenders under the same laws that prosecute organized crime. What these guys did was not different than what a loan shark does. They gave out loans they knowingly knew the borrower couldn't pay back and was to their own benefit. That's racketeering pure and simple. The CEOs of all these lenders should go down like John Gotti. They are no different,

Lou of CA @ Sep 19, 2008 14:57:40 PM

This article doesn't do anything. Whats its point, to keep both candidates looking even, to keep the debate going as to who has a better plan without giving any lead to anyone, or simply to write a comparison and give the opinion that we are equally doomed or blessed with either candidate? If its the last one why should I or the rest of my college age slacker friends vote? This article does nothing!

of @ Sep 18, 2008 23:59:16 PM

tax cuts for the middle class:

It's true that some small buisnesses will have to close up shop if a tax cut for the middle class is instituded, but there will be others to fill in the gap. It really doesn't make any sense to have those who are suffering because they don't have the moxie to make it big while protecting the small scale entrpeneurs. Look at the money paid to the people who allowed the large financial institutions to fail. While they were bathing in their wealth we were holding the minimum wage at a below poverty level. Until we decide on a more equitable method of being sure all human beings are living well, we'll continue to have people go out of business and go into business. And even then, there will be those who are no longer needed. How many horse shoe makers are still around.

Dan Kanoza of OH @ Sep 18, 2008 19:47:28 PM

The Market Crash and Other Coming Calamities

How the economic-political curve ball will break after Election Day sending some of us to the poor house and some of us to the concentration camp we will explain in intellectual terms so as to not have the requisite panic needed to do something about it be dismissed as sheer insanity or the words of juvenile spammers. Our great sense of fear and a dire need to act in a dramatic fashion to elect Barack Obama and avoid a complete totalitarian takeover of government by the conservatives is contained within a broader thesis that develops our ideas from a firm scientific basis as THE EVOLUTION OF INFORMATION on www.matrix-evolutions.com.

Mrs. Ruth and Dr. Peter V. Calabria

Ruth Calabria of NY @ Sep 18, 2008 19:01:16 PM

Middle Class Tax cut but no income

Are we really governed and reported to by idiots? They keep saying that the Obama plan will give tax cuts to the middle class, but they provide an investment penalty, and they penalize small business.

What good is the tax cut if you have no income because there are no jobs? Obama keeps promoting Big Business and Big Government and we know scientifically that they are prone to cascade failures that can destruct the entire network on which they are based. We also know scientifically that networks such as living organism favor distributed adaptable networks because they are more robust and rarely suffer catastrophic failure.

Why is no one shouting from the roof tops the emperor has no clothes?

They are treating middle class Americans as if they are stupid, and are incapable of understanding the truth. What is more disturbing is that the media uses the authority principle to sell Obama and these authorities which have a stake in the status-quoi feed the same bull and sell Americans down the river.

Media wake up and do the right things by the country. Networks have certain laws that govern them. Look up Lazlo Barabasi and ask him about the dangers of centralized systems!

There is a scientific basis for why capitalism is superior to socialism, and why we need small distributed government versus big government. Centralized systems are useful only in generating standards.

Obama don’t tell me you are for the middle class, when you are just selling them into indentured servitude to big corporations! Show me how you will bring wealth creation to the middle class.

Kimberly Peacock of NY @ Sep 18, 2008 18:44:08 PM

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.

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