But it's also pretty nutty to think giving $700 billion (it's actually more like $2 Trillion plus and counting)  in welfare to criminal bankers and corporate crooks is going to "shore up the financial system".  

So it goes to prove that this supply-side voodoo economics foolishness has infected not only the GOP but also heavily infected the Democrats.  

The Democrats are not the working man's friend either.  Slightly less hostile, that's for sure, but not friends.  

(CNN) -- Former Reagan chief of staff Ken Duberstein told CNN's Fareed Zakaria Friday he intends to vote for Democrat Barack Obama this Tuesday.

Duberstein said he was influenced by another prominent Reagan official - Colin Powell - in his decision.

"Well let's put it this way - I think Colin Powell's decision is in fact the good housekeeping seal of approval on Barack Obama."

It's like the world has gone fucking crazy or something.


Recommended by Hideo Kojima

I think the situation is like this: David Brooks was correct a few weeks ago when he wrote the GOP has drummed out of the party anyone with any intellectual substance. the only people remaining are hacks and rubes.

And I am sorry to say it, but the rubes are REALLY dumb.  I know one.  He doesn't get that the Obama tax cut, if enacted, will help him. Even if I use terms my 4-year-old understand, he just. doesn't. get. it.

Same with the socialism thing: he calls obama a socialist, but waves off Bush's decision to nationalize the banks as necessary, and refuses to even utter the word "socialism" in the context.

Nor does he get that people WANT to spread the wealth around, because they WANT some of that wealth. I know I do! My friend is not a wealthy man, by any definition.

I've given up on him, he's a nice guy but utterly hopelessly lost.

John Mccain Called his wife WHAT??

http://www.trackforum.com/forums/showthread.php?t=115753

1.  McCain proposes a huge guvmint program to buy back mortgages from distressed homeowners.
   
2.  Palin's Alaska redistributes tax revenue paid by big oil to residents.
   
3.  Obama proposes middle-class tax cuts.

Every time McCain attacks Obama as Spread-the-Wealth-in-Chief, these homeowners will say, "I'll take it - how soon can we elect Obama"

In 43 states, One in five homeowners with mortgages under water

NEW YORK (Reuters) - Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows.

About 7.63 million properties, or 18 percent, had negative equity in September, and another 2.1 million will follow if home prices fall another 5 percent, according to a report by First American CoreLogic.

The data, covering 43 states and Washington, D.C., includes borrowers nationwide, even those who took out mortgages before housing prices began to soar early this decade.

Seven hard-hit states -- Arizona, California, Florida, Georgia, Michigan, Nevada and Ohio -- had 64 percent of all "underwater" borrowers, but just 41 percent of U.S. mortgages.