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The era of greed and irresponsibility on Wall Street and in Washington has created a financial crisis as profound as any we have faced since the Great Depression. Congress and the President are debating a bailout of our financial institutions with a price tag of $700 billion or more in taxpayer dollars. We cannot underestimate our responsibility in taking such an enormous step. Whatever shape our recovery plan takes, it must be guided by core principles of fairness, balance, and responsibility to one another.
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This email just came from barackobama.com titled "Greed and irresponsibility." Not bad. I’d add my friend Ralph’s suggestion – pass only a "temporary stopgap measure" to buy some time until we can sort out the best way to handle this mess – after the election/inauguration. We need Mr. Bush, Mr. Cheney, and all of their people out of Washington so we can think for ourselves again. And…
Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain, according to the latest Washington Post-ABC News national poll.
More voters trust Obama to deal with the economy, and he currently has a big edge as the candidate who is more in tune with the economic problems Americans now face. He also has a double-digit advantage on handling the current problems on Wall Street, and as a result, there has been a rise in his overall support. The poll found that, among likely voters, Obama now leads McCain by 52 percent to 43 percent. Two weeks ago, in the days immediately following the Republican National Convention, the race was essentially even, with McCain at 49 percent and Obama at 47 percent…
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