McCain Trying to Blow the Comeback?
Is McCain trying to "go positive" in the final days rather than pointing out Obama's true and very damaging views? If so, he might as well tell his supporters to vote Obama.
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The Bradley Effect. Don’t believe these polls for a second. I just went over our numbers and found that we have next to no chance in the following states: Missouri, Indiana, North Carolina, Florida, New Hampshire and Nevada. Ohio leans heavily to McCain, but is too close to call it for him. Virginia, Pennsylvania, Colorado, New Mexico and Iowa are the true “toss up states”. The only two of these the campaign feels “confident” in are Iowa and New Mexico. The reason for such polling discrepancy is the Bradley Effect, and this is a subject of much discussion in the campaign. In general, we tend to take a -10 point percentage in allowing for this, and are not comfortable until the polls give us a spread well over this mark. This is why we are still campaigning in Virginia and Pennsylvania! This is why Ohio is such a desperate hope for us! What truly bothers this campaign is the fact that some pollsters get up to an 80% “refuse to respond” result. You can’t possibly include these into the polls. The truth is, people are afraid to let people know who they are voting for. The vast majority of these respondents are McCain supporters. Obama is the “hip” choice, and we all know it.
In the second debate, Mr. Obama offered a similarly vague diagnosis: "I believe this is a final verdict on the failed economic policies of the last eight years . . . that essentially said that we should strip away regulations, consumer protections, let the market run wild, and prosperity would rain down on all of us."
Could Mr. Obama really believe that the era of Sarbanes-Oxley was about letting "the market run wild"?
. . . Some lawmakers called it the most sweeping securities legislation since the 1930s." The Times added that "business and accounting industry lobbyists had tried in recent days to soften the measure, but they got nowhere."
Wayne Crews of the Competitive Enterprise Institute tracks regulation across the entire federal government. He reports that the Bush administration set an all-time record in 2004, when it published more than 75,000 pages of proposed and enacted rules in the Federal Register.
Leftists might assume that many of these rules were actually watering down earlier standards -- but where's the evidence of declining compliance costs? Lafayette College economist Mark Crain estimates more than $1.1 trillion in federal regulatory costs for 2004, up an inflation-adjusted 16% from 2000. Overall agency enforcement budgets have increased each year since 2004.
Looking at regulatory spending in percentage terms, Mr. Bush's staggering 2003 increase of more than 24% was the largest in the last 50 years. If Mr. Obama considers this a record of deregulation -- and if current polls hold -- America's economy could be in for a very long four years.
A special tribute came from Khalidi's friend and frequent dinner companion, the young state Senator Barack Obama...... Obama reminisced about meals prepared by Khalidi's wife... and conversations that had challenged his thinking.
...a young Palestinian read a poem accusing the Israeli government of terrorism. Another speaker likened Israeli settlers on the West Bank to Usama bin Laden.
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.
Excuse me, but is there anyway for the government to quantify the terms "adequate," "good," or "decent?" Of course not. This is socialism, where the government controls every part of every person's life - there's no other way to say it. The day that this "Second Bill of Rights" gets implemented is the day this country falls. No society can continually take from its productive members and give to its unproductive members and still survive.
The Employee Free Choice Act, which Obama supports, would have a similar impact on the economy as the Wagner Act by eliminating the secret ballot and significantly increase union membership across industries.
Given the reality of unions in the workplace, the law meant that efficiency and profitability were compromised, by forcing employers to equally reward their most productive and least productive employees. Therefore subsequent wage increases for some workers led to widespread job losses.
Pre-Depression-era growth and prosperity did not return to the private sector until the early 1950s, when the spread of state right-to-work laws prohibiting forced union membership and dues greatly reduced the detrimental effects of the Wagner Act.
"I owe those unions," Mr. Obama explained in his 2006 political memoir, "The Audacity of Hope." "When their leaders call, I do my best to call them back right away. I don't consider this corrupting in any way . . ."
The results are simply shocking. The polls showed Barack Obama with an 18 point lead in California just a few days ago. The results thus far are the complete opposite. In the most liberal state in the entire country,the results are that 99,000 Republicans have voted and 96,000 Democrats voted. In the mail-in balloting the results so far are that 9,000 Democrats sent in their ballots and that 5,000 Republicans did so. So with nearly 210,000 people having voted, the Democrats have only a 1,000 vote advantage!
The lawyer, Richard S. Kestenbaum, said that he believed that the aide, Charles J. O’Byrne, despite an annual income of about $100,000 and an Ivy League education, could not bring himself to undertake the task of filling out his tax forms every year. Mr. O’Byrne and his doctor have described him as clinically depressed during that period.
“Most times, with professionals, these are very high-functioning people who otherwise complete all the other ordinary tasks of their life,” Mr. Kestenbaum said during a news conference in Manhattan...Mr. O’Byrne has no plans to resign, said a person familiar with his thinking, who spoke on condition of anonymity because conversations about his status were private.
Imagine this: Barack Obama proposes a Social Security payroll tax cut for low earners. Workers earning up to $8,000 per year would receive back the full 6.2% employee share of the 12.4% total payroll tax, up to $500 per year. Workers earning over $8,000 would receive $500 each, with this credit phasing out for individuals earning between $75,000 and $85,000.So now young Americans who earn a higher-than-average wage don't just get to throw money down a sinkhole with very low expected returns. They now get to double their tax contributions into SS to pay for those who don't contribute enough.
Moreover, this payroll tax cut plan would reduce Social Security's tax revenues by around $710 billion over the next 10 years. If made permanent, the Obama tax cut would increase Social Security's long-term deficit by almost 60% and push the program into insolvency in 2034, versus 2041 under current projections.
To fill the hole in Social Security's finances, Mr. Obama would increase income taxes on high earners and pour that money into Social Security. This would be the first time that income tax revenues have been used to finance Social Security, which has always relied on its own dedicated payroll tax to differentiate itself from other government programs. Filling the gap with higher taxes on high earners would further increase Social Security's progressivity, pushing it closer toward a welfare-program approach.
". . . when the new tax relief law is fully phased in, entrepreneurs and small businesses -- owners of sole proprietorships, partnerships, S corporations, and farms -- will receive 80 percent of the tax relief associated with reducing the top income tax rates of 36 percent to 33 percent and 39.6 percent to 35 percent."
"Experts agree that lower taxes increase a business' cash flow, which helps with liquidity constraints during an economic slowdown and could increase the demand for investment and labor."
"What rates would actually go down"?
"But which type of tax would go down?" followed by "What taxes would you see go lower under the Obama plan?"
"My understanding in terms of the voter fraud — because having run a , I know how problems arise — this is typically a situation where ACORN probably paid people to get registrations, and these folks, not wanting to actually register people because that’s actually hard work, just went into a phone book or made up names and submitted false registrations to get paid,” he said.
“So there’s been fraud perpetrated probably on ACORN, if they paid these individuals and they actually didn’t do registrations, but this isn’t a situation where there’s actually people who are going to try to vote, ‘cause these are phony names, and it’s doubtful Tony Romo is gonna show up in Ohio to vote, so this is another one of these distractions that gets stirred up in the course of a campaign."
"Zionists who have controlled American policy for decades" remain strong, they'll lose a great deal of their clout when Barack Obama enters the White House.
Senior Democratic leaders in the House of Representatives, including Rep. Rahm Emanuel (D-IL), the chair of the Democratic Caucus, have been working with Mahoney to keep the matter from hurting his re-election campaign, the Mahoney staffers said.
Kim Jong Il, despite having broken every disarmament promise he's ever made, has thus managed to persuade another U.S. President that he's serious about giving up his nuclear program. President Bush's agreement sends this message to Iran and other rogue states: Go nuclear and your political leverage increases.
The idea is "give the middle class and the average citizen the same kind of relief that we try to give the financial sector."
Obama supporters who found the campuses congenial and Obama himself, who has chosen to live all his adult life in university communities, seem to find it entirely natural to suppress speech that they don't like and seem utterly oblivious to claims that this violates the letter and spirit of the First Amendment. In this campaign, we have seen the coming of the Obama thugocracy, suppressing free speech, and we may see its flourishing in the four or eight years ahead.
"We will not be silent when government denies people access to the polls on the basis of color, or sex, or existential status."
To blame laissez faire for today's economic crisis is akin to blaming the human body's natural and normal functioning for the illness suffered by someone who's overdosing on heroin.
Biden went on for thousands of words about how "big nations cannot bluff . . . this is a serious mistake . . . when you find yourself in a hole, stop digging. We are in a bit of a hole here . . . 95% of the casualties in the coalition will be American . . . It is not preposterous to suggest that we may have an occupying force in Baghdad for years. Maybe a month, but it could be years . . . four hundred thousand Americans sit in the desert ready to launch an assault that would be vastly larger than D-Day in its size and scope."
GENERAL.—To the extent that the Federal property manager holds, owns, or controls mortgages, mortgage backed securities, and other assets ecured by residential real estate, including multifamily housing, the Federal property manager shall implement a plan that seeks to maximize assistance for homeowners and use its authority to encourage the servicers of the underlying mortgages, and considering net present value to the taxpayer, to take advantage of the HOPE for Homeowners Program under section 257 of the National Housing Act or other available programs to minimize foreclosures. (2) MODIFICATIONS.—In the case of a residential mortgage loan, modifications made under paragraph (1) may include—
(A) reduction in interest rates;
(B) reduction of loan principal; and
(C) other similar modifications.
I thought Paulson was worried about moral hazards, which is why he allowed shareholders of Fannie, Freddie, Bear Stearns, Lehman, AIG and Wachovia to lose huge amounts of money. But in this bill, the Federal government is going to restructure the mortgage of seemingly anyone who can't afford their existing mortgage. Personal responsibility? Not anymore.
Yet Barney Frank and his chums blocked all Bush's attempts to put a rein on Raines. During the House Financial Services Committee hearing following Bush's initiative, Frank declared: "The more people exaggerate a threat of safety and soundness [at Freddie Mac and Fannie Mae], the more people conjure up the possibility of serious financial losses to the Treasury which I do not see. I think we see entities that are fundamentally sound financially." His colleague on the committee, the California Democrat Maxine Walters, said: "There were nearly a dozen hearings where we were trying to fix something that wasn't broke. Mr Chairman, we do not have a crisis at Freddie Mac and particularly at Fannie Mae under the outstanding leadership of Mr Franklin Raines."
When Mr Raines himself was challenged by the Republican Christopher Shays, to the effect that his ratio of capital to assets (that is, mortgages) of 3 per cent was dangerously low, the Fannie Mae boss retorted that "our assets are so riskless, we could have a capital ratio of under 2 per cent".
It comes as a surprise to us in Delaware that Joe Biden recently had a meal and talked with patrons at “Katie’s Restaurant” on Union Street in Wilmington.Katie’s Restaurant closed years ago. It was on Scott Street in Little Italy, not on Union Street. To the best of my recollection, it closed in 1990 or thereabouts.Now tell me, who is it that “doesn’t get it” and “is out of touch?”Can you imagine if McCain or Palin had said something equally stupid?
Last year, Mrs. Pelosi supported a bill that would have banned members of Congress from putting spouses on their campaign staffs. The bill - which passed the House in a voice vote but did not get out of a Senate committee - banned not only direct payments by congressional campaign committees and PACs to spouses for services including consulting and fundraising, but also "indirect compensation," such as payments to companies that employ spouses.
"We have not been brought to our present state by any natural calamity — by drought or floods or earthquakes or by the destruction of our productive machine or our man power," Roosevelt told the crowd. "This is the awful paradox with which we are confronted, a stinging rebuke that challenges our power to operate the economic machine which we have created."
Many of today's issues were around then, including war, globalization and the falling value of the American dollar. And so Roosevelt cautioned against the danger of inaction, a warning also echoed this week in Washington.
"The country needs and — unless I mistake its temper — the country demands bold, persistent experimentation," he said before delivering one of his most-often quoted lines: "It is common sense to take a method and try it: If it fails, admit it frankly and try another. But above all, try something."