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Rudy Giuliani: Rally 01/23/08

2008-10-31T15:00:07Z

Rudy Giuliani
Rally
Estero, FL 01/23/08

TRANSCRIPT:
RUDY GIULIANI: [] we would reduce the corporate tax from thirty-five to twenty-five percent, we would reduce the individual income tax rates, we would give the death tax the death penalty and get rid of it once and for all.

LABEL: RG FL 1-23 (BH#80) GICAR-clipC

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Foreclosures 101 - The Housing Crisis

2008-11-22T04:49:58Z

Fireside Production gets expert advice on how to avoid foreclosure and how to rebuild after losing a home. This is Foreclosures 101, a QuickFire Round.

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Video Will

2008-11-22T04:29:43Z

The eccentric video will of the late Charles M. Westerfield.

See more at www.Tremendosaur.com

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Perfect Sight No Vision - John McCain More Of The Same

2008-11-22T04:39:57Z

John McCain / Sarah Palin Campaign Music Video

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An Economic Bailout Done Right - Center for American Progress

2008-11-22T04:52:11Z

http://www.americanprogress.org/issues/2008/09/fair_effective_graphic.html

http://www.americanprogress.org/issues/2008/09/handle_with_care.html

U.S. Treasury Secretary Henry Paulsons initial proposal for the giant Wall Street bailout would have given him, as secretary of the Treasury, the personal authority to spend $700 billion of taxpayers money to buy troubled financial assets on any terms he saw fit. He would then be authorized to sell these assets, also without limitation. Under his proposal, his actions are explicitly exempted from review by any court or administrative body.

Congress appears to be moving Paulson off these extreme terms, but any final deal should rest meaningful control, true decision-making authority, not in one person and certainly not with the secretary of the Treasury of an administration that, in large part, authored this crisis. Paulson along with the rest of the Bush economic policy apparatus—and in fact all of those who are ideologically resistant to a role for government in the economy—are deeply implicated in the mess were in. Whether we call it incompetence, gross negligence or ideology run amok, no action was taken as the economy, and the financial sector in particular, grew more and more dependent on a mass of untenable loans in over-valued assets.

Since that bubble began to burst they have dragged their feet in taking the kind of comprehensive action thats been needed—resisting congressional attempts to fix the housing market and calls by the Center for American Progress, among others, to jump in to stop the bleeding before it ever reached this stage. More aggressive action has been needed for months to preserve the value of homes for the benefit of homeowners, to protect the value which underlies the mortgage-related assets in the hands of investors, and to prevent the loss of so much value in our overall economy.

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McCain U: What Economic Policy?

2008-11-17T16:25:53Z

http://www.americanprogressaction.org/issues/2008/analyzing_mccain.html

“What’s rather stunning about Sen. McCain’s proposals…is their magnitude, and the magnitude of the tax relief that is devoted solely to people at the very top,” Gene Sperling, a Senior Fellow at the Center for American Progress Action Fund, told the audience. Sperling was a participant in the economic panel, which was moderated by Robert Gordon, also a Senior Fellow at CAPAF, and included Jared Bernstein, Director of the Living Standards Program at the Economic Policy Institute. Prior to the panel, James Kvaal, Domestic Policy Advisor for CAPAF, provided an overview of McCain’s economic plan.

The panelists focused on the president’s influence on the distribution of wealth and national regulatory policies. Referring to McCain’s economic policy, Sperling said, “I don’t think I have ever seen anything quite like that.”

Sperling pointed out that all major presidential candidates from both parties support extending the Bush tax cuts for people earning under $250,000, but McCain supports an additional $110 billion in tax cuts for those with incomes above that amount. Additionally, McCain has proposed corporate tax cuts of over $175 billion. “The difference between him and most progressive candidates…is about $300 billion per year,” said Sperling.

The panelists agreed that McCain’s plan to offset these tax cuts by eliminating earmarks and holding down spending was unrealistic, with Bernstein comparing cutting earmarks to “bringing a thimble to a crater.” “This notion that we can hold the line on spending is a complete abstraction,” said Bernstein. To offset tax cuts, “you’re going to have to go after the entitlements, and that’s actually what worries me the most.”

Because they favor the wealthy, the Bush and McCain tax plans “exacerbate the inequalities in the system,” Bernstein said. Sperling added, “corporate profits have not been a problem. The problem has been wages and ...

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Inside the US subprime crisis 01 April 2008

2008-10-21T09:30:08Z

The subprime mortgage crisis in the US is being felt deeply by those in the business of selling homes.
With property sales dipping across the country, property agents are feeling the pinch.
Adam B. Salem is a property agent in the state of Virginia who has a lot of clients, many of them immigrants, who took out subprime loans they can't re-pay.

He tells his story in his own words.

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Inside Story - Putin visits Bush - 02 Jul 07

2008-10-14T21:31:18Z

Relations between the US and Russia are at their most difficult since the Cold War.

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