Don’t believe the hype from the politicians, the bailout is all about politics. Congressional politics, Senatorial politics and most importantly Presidential politics. Two huge aspects of politics that often go unspoken are taking credit and assigning blame. Indeed many of the key policy positions of political parties in the United States and democracies around the world arose from their ability to either take credit or assign blame for actions on issues related to those positions. This bailout is no different, and the way it’s played by both political parties and their respective candidates has the potential to redraw the political map as we know it in this country for a generation to come, if not more, should one side take a bold action.
The current bailout plan proposed by Treasury Secretary Henry Paulson has elicited a deep measure of skepticism in the electorate for a number of very poignant reasons. True conservatives absolutely detest spending taxpayer money to bailout anything, with many considering the current plan “financial socialism” as Kentucky Senator Jim Bunning termed it. Liberals aren’t so much turned off by the socialism than by the fact that it’s intended to go to the people in this country who need it the absolute least: Wall Street investment firms. Finally people from across the political spectrum can all think of much, much better things to do with their hard earned $700 Billion than to go and gamble it on a financial industry that has already had a number of bailouts and is still falling apart.
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Now that the Democrats in the House have changed their minds in the face of what
It’s September in Leap Year and that means we’re in the midst of yet another closely contested Presidential campaign in these United States. So here at
The light at the end of a very dark tunnel this year for
I didn’t expect the Republicans to be nice last night, they needed to energize their base and make a strong case against Obama and while they veered farther to the right than I thought they would, what surprised me and actually really angered me was when Rudy Giuliani mentioned that Barack Obama was a community organizer and following which, the crowd and Giuliani both laughed. And after that, Sarah Palin also dogged on Barack’s community organizing..
Looking towards the next administration, a large consortium of scientists is urging the next president - whomever it may be - to invest in more research to combat climate change’s effects on the economy. These scientists believe that storms, floods, and droughts could cost the United States $2 trillion if we don’t do something to protect ourselves.
In an update 
