This Is Just The Beginning

Now that the bailout, er, rescue, bill has pased, what next? The immediate credit crisis has been addressed, but now what?

John McCain probably thinks that now we can get back to talking about the threat of radical Islamic extremism, or something like that. (As we all know, he hates talking about the economy. Recall that in January when asked about why he was better than Mitt Romney on economic issues, his response was that he was that radical Islamic extremism was the most important challenge facing America.)

But the reality is that this bill -- while necessary -- will only address the credit crisis. That is a serious issue, but the fundamental problem with our economy remains: it just isn't working for enough ordinary Americans. Wages are still stagnant, and unemployment is still on the rise.

For six or seven years, the housing market boomed away, obscuring the reality of that fundamental problem. But now that the housing market is in collapse, we can see the problem plainly. It is real, and it is big, and if John McCain thinks he can ignore it, he's sorely mistaken.

Barack Obama and Joe Biden will be talking about it every day between now and the election. They get it. They see the problem. They know it needs to get fixed. They know a healthy middle-class is the bedrock of a strong America. McCain doesn't.

Comments

[RJII]

02:19 PM on 10/06/2008

GET US OUT OF IRAQ-- RIGHT NOW!

we are going bankrupt,
our military is over stretched over seas.
soon any foreign entity will be able to lodge war against us and win.

[avehicle4changedotcom]

05:11 PM on 10/04/2008

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[SailFree]

04:43 PM on 10/03/2008

You should note the absolute frenzied ecstasy of the Democratic leadership when the bailout passed. You should ask WHY? The reason is that they got to grow the size of government,which will likely cost us all but does increase their POWER, and it has also allowed them to escape before the public had a chance to figure out that it was the Democrats and Democratic liberal policies which produced the financial mess.

[research]

03:41 AM on 10/04/2008

WHO grows the size of government?!

The GOP borrows and grows the government using debt.

You GOP have had absolute power for 6 years and absolute veto power for the 2 years since.

You GOP proudly stand for deregulation since Hoover.

deregulation causes financial collapse, again.

Unfettered, unregulated capitalism is a disaster.

At least if we had liberal, say Scandinavian liberal government, we would have medical care, education, infrastructure, greater health longevity happiness,,, etc..

With the GOP we have cronies and war.

[SailFree]

04:41 PM on 10/03/2008

You may be right. The whole country could follow Obama into Michigan, California, and New Jersey collapse. The liberal policies Obama proposes have worked oout SOOO well in those states, haven't they?

If you are not old enough to recall the Carter years of 25% inflation and 15% interest rates, get ready! If you are that young,these are the Good Old Days you will be looking back on in a few years.

[research]

03:48 AM on 10/04/2008

What do you think inflation was this year? The dollar lost 25% or more of it's value!

You GOP stand for lies and torture, and surveillance, and stolen elections and disaster incompetence, and cronies, an oil administration going to war for oil, letting 9/11 happen.

As to Carter, you GOP and Raygun traitorously undermined him at every turn.

Look up October surprise.

RayGun interfered with Carters's negotiations for free the hostages.

Raygun promised them weapons if they would delay the release til after the election.

That's years before the Iran Contra weapons shipments.

Raygun Armed Iran.

[Mikecoatl]

02:44 AM on 10/05/2008

Funny, the likes of you don't seem to remember that Bill Clinton, that terrible 'tax and spend librul', presided over the largest economic expansion in American history and left a $200 billion SURPLUS, both things which W set about squandering from the very day he took office. But like a typical GOP idiot you would rather cling to your illusions than admit that you were wrong. I would feel sorry for you people if you weren't so dangerous.

[SENATORCALLENBOWE]

04:12 PM on 10/03/2008

MCCAIN KNOWS, HE JUST DOESNT CARE :)

[Mom4Choice]

03:42 PM on 10/03/2008

Thank you. While I know none of us are happy that we've been forced into this bailout, we need to focus on the big picture. Obama has said time and time again that the bailout is not enough--we have to change the system, and he intends to do that as president. McCain has NO PLAN and will do NOTHING to undo the damage his party has done. If anything, I expect he'll only make matters worse.

[OilWarsDotCom]

02:59 PM on 10/03/2008

You all NOW have a front row seat for the demise of the USA - The bail out will kill all of you morons who supported it - Do you think Buffet, Dell, Gates will feed you when you are on the street? Do all of you think, like the congress, senate and the administration you can borrow you way out of debt. If that we so, couldn't I max out one credit card to pay off another? Does that make sense?
GERMANY 1933 SLIDE TO FASCISM (we are there)
http://www.informationclearinghouse.info/article5775.htm

[bootcamp]

09:32 AM on 10/05/2008

McCain has nowhere to go now but down. He can run away from President Bush, but he can't run away from the Republican Party. The Republicans will be regarded from now on as "the party that wrecked America." Over the weeks ahead, as carnage in the economy and the financial markets ramps up, it will become increasingly clear. It is important that this meme be spread through the internet. I urge all commentators to adopt and spread the idea that the Republicans are "the party that wrecked America." It will work because it is the truth. Spread the word.