Organizing for America | Posts with the tag President Bush

I recently read an article in the New York Times around which adminstration - Republicans or Democrats - has had the most impact on the economy, and more specifically the S&P stock market index.

After reviewing the empirical data from 1929, if you had invested $10,000 under Republican Ppresidents, then your $10,000 would have grown to $11,733 (i.e. the number would have been $51,211 if you exclude the Great Depression under Herbert Hoover). However, if you had invested $10,000 under Democratic Presidents, then your returned would have ballooned to $300,671!

History has shown that a Democratic Adminstration has been good for the economy, and good for prosperity. Look at President Clinton, he was able to reduce the national debt, improve the economy, increase the average family income level, increase home ownership to the highest level, and had one of the highest returns in the S&P stock market under his Presidency. However, when the Bush adminstration came along, they immediately thrust the Amercian economy into significant peril not seen since the Great Depression. Furthermore, the Bush administration created the financial melt down, that many economists warned, since they did not provide any oversight and allowed Banks, Investment Bankers, and others to regulate themselves and over extend themselves with financial derivatives that created this financial meltdown.

Barack Obama, on the other side is seeking to stablize financial markets, and create prudent oversights so that we do not begin to leverage and gamble our future. The current situation is very ugly, and I believe that we are going to see some tougher times ahead of us over the next few years; but I feel more comfortable with Obama & Biden at the helm vs. McCain & Palin. We need a steady hand that is going to dig deep to find the root causes of this mess, and then think clearly on possible solutions.

Please click on the link below to read the New York Time Article:

http://www.nytimes.com/interactive/2008/10/14/opinion/20081014_OPCHART.html

Let's make history together, as we elect Barack Obama our next President of the United States.

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Senator John McCain's Accomplishments?

By Patriot for Obama - Oct 30th, 2008 at 11:24 am EDT

What Has Senator John McCain Accomplished in the War on Terror?

He supported relocation of our focus on the War on Terror from Afghanistan to Iraq, which had a limited al Qaeda or al Qaeda linked presence opposed to Saddam Hussein, thereby allowing the al Qaeda and the Taliban to expand, reemerge, reorganize and strengthen!

He authorized exceptions for President George W. Bush to provide foreign aide to Pakistan. Pakistan utilized the aforementioned foreign aide money to bribe Mujahideen Commanders, including Nek Mohammed, and Taliban Commanders, who had declared their need for the money to repay their loans from al Qaeda. Pakistan openly declared their support of the Afghan Tribal Warlord, who was declared a suspect in the bombing of an Indian Consulate in Afghanistan. The Pakistani ISI may have funded the attack with U.S. foreign aide.

Mujahideen and Taliban Commanders or Warlords with al Qaeda links or sympathies have expanded their control. They now control more regions or states within Pakistan than ever before. Fifty Pakistani Nuclear Weapons are at imminent risk of falling into the hands of fundamental and radical Islamists who are sympathetic to al Qaeda. More students are graduating from fundamental and radical Islamist Terror Schools than ever before.

He followed the recommendation of an Iraqi opposition leader linked to the Iranian Republican Guard and supported installation of a new government in Iraq, which is sympathetic to Iran, who is otherwise described by President George W. Bush and Senator John McCain as an axis of evil!

Iran continues to progress toward development of nuclear weapons.

He, also, supported the installation of fundamental and radical Islamists in regional or state Iraqi positions which they had not held before!

He supported unconditional pardons for Iraqi insurgents, who attacked and killed allied and U.S. Government and Military personnel. Bribery of insurgents may, also, have incurred.

He is quietly supporting a plan by General David Petraeus to initiate contact and negotiations with members of the Taliban, who have attacked and killed allied and U.S. Government and Military personnel and who have supported al Qaeda operations prior to and after the 9/11 attack, through intermediaries. This action in combination with the negotiation in Iraq had been declared as the “Second Surrender” by a Republican President of the United States, since the negotiations with Hanoi under President Richard M. Nixon.

More terrorist groups, who are sympathetic to al Qaeda, exist now than at any time prior to 9/11.

He is alleged to have supported bribery of Somali Warlords, who were responsible for the attack and killing of U.S. Military Personnel as depicted in the Movie Blackhawk Down, although a strike was later launched against one of those Somali Warlords.

He supported economic terrorism against the citizens of the United States, including the Commodity Future Modernization Act of 2000, which was shepherded by his friend and sometime economic adviser Phil Gramm that prohibited States from enforcing post depression laws that allowed unregulated credit derivatives and credit default swaps. Insurance without financial backing for Wall Street gambling or speculation on commerce, which they were not actively invested in, brought the economy of the United States to it knees. It has been described as an act of Economic Terrorism.

Senator John McCain oversaw or overlooked widespread corruption and fraud as a member of the Senate Armed Service Committee. This included the commission of fraud against U.S. allies in the war on Terror. This included fraud that resulted in deaths from criminal negligence of allied and U.S. Military personnel.

Senator John McCain oversaw or overlooked the loss of over 3 Trillion Dollars missing and unaccounted for from our Treasury. Some allege that the figure now exceeds 4 Trillion Dollars.

He supported lower taxation for the wealthy while imposing a higher tax burden on the middle class and poor, which in effect redistributed their money to the wealthy. It has been described by some as the “Reverse Robin Hood and Little John Economic Theory”. Some simply describe it as “Rob from the Poor and Give to the Rich.”

If Senator John McCain describes these as his accomplishments and successes, I would really hate to see what happens when he has a really bad day in the Senate. We cannot afford to risk this nation by electing someone with Senator John McCain’s accomplishments or lack thereof.

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