Sinking Deeper.

10 Days til the election.

The US (and, consequently, the Worldwide) Economy is continuing to choke and sink.

Our economy was at an all time high in the last Democratic administration. Under G.W.Bush, our economy has fallen deeper than many economists believed possible ever again. The world has lost faith in the US, both politically, and economically.

McCain's hero, Reagan's "trickle down economics" did not work in the 1980s, and they will not work now. Old Republican ideas simply are not working. It's time for a change in Washington.



The New York TImes officially endorsed Senator Obama for president.

"The American financial system is the victim of decades of Republican deregulatory and anti-tax policies. Those ideas have been proved wrong at an unfathomable price, but Mr. McCain — a self-proclaimed “foot soldier in the Reagan revolution” — is still a believer.

Mr. Obama sees that far-reaching reforms will be needed to protect Americans and American business.

Mr. McCain talks about reform a lot, but his vision is pinched. His answer to any economic question is to eliminate pork-barrel spending — about $18 billion in a $3 trillion budget — cut taxes and wait for unfettered markets to solve the problem.

Mr. Obama is clear that the nation’s tax structure must be changed to make it fairer. That means the well-off Americans who have benefited disproportionately from Mr. Bush’s tax cuts will have to pay some more. Working Americans, who have seen their standard of living fall and their children’s options narrow, will benefit. Mr. Obama wants to raise the minimum wage and tie it to inflation, restore a climate in which workers are able to organize unions if they wish and expand educational opportunities.

Mr. McCain, who once opposed President Bush’s tax cuts for the wealthy as fiscally irresponsible, now wants to make them permanent. And while he talks about keeping taxes low for everyone, his proposed cuts would overwhelmingly benefit the top 1 percent of Americans while digging the country into a deeper fiscal hole."

(view the rest of the article!)



I have already voted for Obama, and I hope the rest of the nation does likewise.


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