Blog Pantsu

Obama asks for help from the Federal Reserve

NEW YORK (CNNMoney.com) — President-elect Barack Obama named key members of his administration’s economic team Monday, including New York Federal Reserve President Timothy Geithner as his Treasury Secretary nominee and former Harvard President Lawrence Summers as the director of the National Economic Council.

“I’ve sought leaders who could offer both sound judgment and fresh thinking, both a depth of experience and a wealth of bold, new ideas, and most of all who share my fundamental belief that we cannot have a thriving Wall Street without a thriving Main Street,” Obama said at a press conference Monday in Chicago.

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Mission No. 1 over the next few weeks for Obama’s economic team will be hammering out the details of what the president-elect described this weekend as a two-year economic recovery plan intended to create 2.5 million jobs.

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Estimates for how much might be spent on a multi-year stimulus package range as high as $500 billion to $700 billion.

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America pretty much shot itself in the ass. Hilarious. Americans can be pretty stupid sometimes. I wonder how much of that $500 billion to $700 billion bill will cost the employed? Create 2.5 million jobs, while the employed, their child and their grandchildren have to take the tax burden? People can lose their jobs, Obama. You’re policies and “plans” are laughable.

George W. Bush: throw money at Iraq to solve the problem

Barack Obama: throw money at the economy and poor people to solve the problem, raise taxes for people making TOO MUCH money

Ron Paul: lower taxes, get rid of the Federal Reserve, bring ALL troops in ALL 130 countries back into US borders, non interventionism, increase benefits for war veterans, less regulation and less government intervention into the economy, strict following of the United States Constitution.

Ron Paul 2012.

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Obama = socialist?

(CNN) — Sen. John McCain stepped up his rhetoric against his Democratic rival on taxes in his weekly radio address Saturday, comparing his plan to “socialist” programs.

The remarks were part of a theme McCain has used since the final presidential debate, but his most recent comments were the first time he used the word to describe Sen. Barack Obama.

“You see, [Obama] believes in redistributing wealth, not in policies that help us all make more of it. Joe, in his plainspoken way, said this sounded a lot like socialism,” McCain said Saturday.

In an interview with ABC last week, Wurzelbacher said Obama’s proposal to raise taxes by 3 percent on those making $250,000 and over is a “very socialist view.”

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McCain also said in his radio address, “At least in Europe, the socialist leaders who so admire my opponent are up front about their objectives. They use real numbers and honest language. And we should demand equal candor from Sen. Obama. Raising taxes on some in order to give checks to others is not a tax cut; it’s just another government giveaway.”

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I think I’m falling for McCain. At first, I thought that Obama was the better candidate. After watching O’Rielly’s interview with Obama, I had determined that Obama and McCain were terrible candidates… Perhaps there’s more to McCain than I thought.

There’s a book that I found in Borders that I might get - it’s called “the Obama Nation.” The gist of it is that Obama’s policies will not help America, which I can agree with, but I didn’t read any of it. Anyone else read it?

Courtesy of CNN.com

Take that, Obama!

I’m no Obama supporter, but lol.