Obama's first news conference
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Obama's first news conference
| Fri, 11-07-2008 - 4:28pm |
Rips Nancy Regan, real nice.
Doesn't answer tax question.
A dog question, tough question.
Where's his teleprompter!
http://www.youtube.com/watch?v=WTB09ky5ml4&feature=relatedEdited 11/8/2008 8:56 am ET by farmboy60
Edited 11/8/2008 9:09 am ET by farmboy60

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I'm glad President-elect (I love typing that) Obama apologized and was classy in correcting his offhand, if playful, dig on Nancy Reagan. She was a decent person with a decent heart and her husband was a decent President - not to mention a heck of a lot better than all the other Republican Presidents since Ike! Plus I have nothing against Astrology. Who knows what makes us do what we do? The longer I live the more convinced I become that we are all crazy, all of us, it's simply a matter of how and to what degree. That is not to say Astrology is crazy - just the opposite.
On a more substantive note, Obama's Transition Economic Advisory Board which is advising him on the economy shows some promise. I like Buffett, Volker and Schmidt in particular. Warren is really stepping up for America - what an amazing guy!
Members of the board include:
David Bonior (Member House of Representatives 1977-2003
Warren Buffett (Chairman and CEO, Berkshire Hathaway)-will participate via speakerphone
Roel Campos (former SEC Commissioner
William Daley (Chairman of the Midwest, JP Morgan Chase; Former Secretary, U.S. Dept of Commerce, 1997-2000)
William Donaldson (Former Chairman of the SEC 2003-2005
Roger Ferguson (President and CEO, TIAA-CREF and former Vice Chairman of the Board of Governors of the Federal Reserve
Jennifer Granholm (Governor, State of Michigan
Anne Mulcahy (Chairman and CEO, Xerox)
Richard Parsons (Chairman of the Board, Time Warner)
Penny Pritzker (CEO, Classic Residence by Hyatt
Robert Reich (University of California, Berkeley; Former Secretary, U.S. Dept of Labor, 1993-1997)
Robert Rubin (Chairman and Director of the Executive Committee, Citigroup; Former Secretary, U.S. Dept of Treasury, 1995-1999)
Eric Schmidt (Chairman and CEO, Google)
Lawrence Summers (Harvard University; Managing Director, D.E. Shaw; Former Secretary, U.S. Dept of Treasury, 1999-2001)
Laura Tyson (Haas School of Business, University of California, Berkeley; Former Chairman, National Economic Council, 1995-1996; Former Chairman, President’s Council of Economic Advisors, 1993-1995)
Antonio Villaraigosa (Mayor, City of Los Angeles)
Paul Volcker (Former Chairman, U.S. Federal Reserve 1979-1987
Sopal
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Sopall,
The scariest thing for me is in the depression alot of people had their own food source, they really (not in big cities) did not have a need for food.
Sopall,
Do you give the companies more money or do you say no, we have to get this out of the economy and it will be rough?
This economy still has the potential to become a non-economy. I am hearing the D word more and more, from places who never would utter such a thing except as discussion of history.
Someone on NPR mentioned today the non-bailout of Lehman was a huge mistake, and it probably was... but I don't blame those handling this... trying to figure this out is at best educated guesswork.
Full length fiction: http://llhaesa.org/ (pronounced la.hay.ess.sa)
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
"I think any bailout was a mistake. I say let them fend for themselves. Let things fail the first time and say no, We will feel it later. I'd rather have the stuff done as soon as possible."
Normally I'd agree with you. But this is not an isolated incident. There is an irrational fear in the air which is making the problem far bigger than it really is.
The fear is the same kind of fear that hung over the country in the Great Depression. Letting more financial institutions declare bankruptcy is a bad idea in this environment. FDR would not let that happen.
Instead FDR inspired confidence. FDR told us that we have nothing to fear but fear itself. He tried to get us to snap out of it. FDR started to position us and turn things around until WWII hit and we then emerged as the global economic superpower.
It was interesting to listen to FDR's grandson Curtis Roosevelt this morning on NPR. Curtis said that Obama is the first US President he has seen who seemed like he may be in the same ballpark as FDR. Let's all hope he's right!
Full length fiction: http://llhaesa.org/ (pronounced la.hay.ess.sa)
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
Sopal
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Sopal
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