Voters more confident in Obama's stewardship of economy

I'm very confident in Obama's ability to fix the faltering economy purely based on his stellar ability to pick his economic advisors. Such as:

Jim Johnson - former CEO of Fannie Mae and head of Obama's VP vetting committee. Jim, by the way, had to quit the Obama campaign when it was revealed that he took a sweetheart loan from Countrywide Financial (headed by Angelo Mazilo).

Franklin Delano Raines - former CEO of Fannie Mae and current Obama economic advisor. Franklin pocketed $52 million in salary and bonuses at Fannie Mae. He took "early retirement" and paid a fine to the SEC for padding the books in order to provide himself and other directors with hefty bonuses. As reported by the Wall Street Journal.

Barney Frank (D-MA) - called on by Obama to fix Fannie Mae and Freddie Mac. Throughout Barney's career he refused to acknowledge any necessity for closer control by the Treasury Dept saying "These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis." He added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

Yeah right, I want Obama to handle the economy.

No Thanks!

No Way!

No Obama!

If this is the best that the most liberally biased poll in America (NY Slime and CBS?) can show for Obama then Obama is in BIG BIG trouble.

They only select registered Democrat voters.

McCain's top advisors, such as Phil Graham, are the very people who created this mess. The Republicans decry regulation as "socialism," and then when our financial institutions crumble after years of unregulated abuse and excess, the tax payers are saddled with billions of dollars worth of Federal intervention that would not have been necessary had they not de-regulated the hell out of the financial system to begin with. Add that to what we're paying for their war machine, and I can't afford them, can you?
Republicans practice their own extremely destructive brand of socialism; they privatize profits and they socialize risk, so the CEO's and the stockholders get big checks when everything is in clover, and then we're all force to bail them out when the whole thing inevitably falls apart. Enough!

Let me tell you my friends:

THE FUNDAMENTALS OF THE ECONOMY ARE STRONG.
AMERICANS ARE WINNERS.
WE LIVE IN A MENTAL RECESSION.

McCain/Palin

Thank you Kimber...you saved me some typing

The combination of a government-sponsored monopoly and an investor-owned one has proven to be disastrous as evidenced by Fannie Mae and Freddie Mac’s collapse, the two largest players in the mortgage lending industry.

Other than blaming the consumer for chasing the American Dream and taking on more house than they can afford, who leads the accountability list? Who profited the most? Who shouted down the skeptics? Do the answers provide you with any confidence in the ability of one of the presidential candidates to handle our economic issues?

The Treasury Department has demanded that Daniel Mudd and Richard Syron, the CEO’s of Fannie and Freddie, respectively, step down. Certainly those at the wheel have to bear some responsibility. But they came into their roles when the great pillaging was well down the road.

Under Franklin Raines’ leadership, Fannie changed its charter to a more high-risk enterprise of buying mortgages and holding onto them. Fannie also overstated earnings by a mind-boggling $10.6 Billion, and paid Raines and his management team massive bonuses relating to Earnings Per Share (EPS). Any company can hit its EPS if they don’t worry about accounting rules, debt levels and risk factors. Franklin Raines pulled in a total of $90 million between 1998 and 2003, the majority from bonuses. After an SEC and OFHEO investigation, Raines agreed to an “early retirement” in 2004 and paid a fine of $24 million (covered by Fannie’s insurance) for his role in accounting “errors”.

Franklin Raines’ congressional partner was Representative Barney Frank (D-MA). As chairman of the House Financial Services Committee he has been Fannie Mae’s patron saint and leading stonewaller of those seeking reform. In 2003, Frank rejected Bush administration and Congressional Republican efforts for the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis. Under the plan a new agency would have been created within the Treasury Department to assume supervision of Fannie and Freddie. "These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis," Congressman Frank said. He added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

So, where are Franklin Raines and Barney Frank now? Franklin Raines is an economic advisor to Senator Barack Obama’s presidential campaign. If he becomes president, Obama is placing his bets on Rep. Barney Frank to reform Fannie Mae and Freddie Mac.

By the way, Franklin Raines’ predecessor at Fannie Mae was Jim Johnson. He stepped down as Barack Obama’s Vice President vetting committee chairperson after revelations he received a sweetheart loan from Angelo Mozilo, CEO and founder of Countrywide Financial.

For all you bloggers who are GaGa over Barack Obama's Harvard Law credentials - guess where Franklin Raines went? Yes, he too graduated from Harvard Law! Franklin Raines fleeced the taxpayers for over $90 Million in salary and bonuses by leading Fannie Mae down the toilet.

Shows you what a Harvard Law degree does for you elitists. Guess they don't teach Business Ethics on the banks of the Charles River. Or Barack and his fellow Affirmative Action classmate Franklin didn't bother attending those classes.

They are both the same. Write in "Ron Paul"

Barack Obama would cause a market crash because of raising taxes on capital gains. He believes in raising taxes so that small businesses will not be able to stay in business in order to make jobs for people. It sure is a scary thought for him to be president.

NO WAY TO OBAMA!

obamas taxes on big companies would basically lead to a rise in the unemployed who will suckle at the tit of all the welfare he proposes- which would mean higher taxes

In a few weeks we will make a choice that will decide our future.
This time the stakes are much higher then most people could imagine
I would like to point out some things You may already know with a new perspective.

I follow a economist named bob proctor who has called the top and bottom of every market crash since the 70s correctly.
He perfectly predicted the current real estate market meltdown ,and the picture he paints about what will happen in the next couple years
Is terrifying. He thinks it could get worse then the great depression.
Banks in the US are going under one after the other. Country wide the largest morgage bank in the world
Bear Stearns and Lehman brothers , and Merrill Lynch which are 3 out of the top 5 wall street firms.
And now Fanny and Freddy which hold 50 percent of the home loans in the United States.

The goverment took them over because they are essentially bankrupt.
If they didn't the entire financially system would virtually shut down, the stock market would crash
And we would suffer beyond what any of us have seen before
The future of these companies will fall into the hands of our next president
And all of our economic future depends on them reorganizing these companies right.

Lehman, Merill Lynch, and Bear Sterns have survived for over 150 years and survived even the great depression
They are important because the are the biggest engines of growth in america and
they are connected to almost everything.
The last time the real estate market numbers looked this bad was during
The great depression and real estate often leads the way into major economic recessions.

One out of 10 Americans is somewhere in the foreclosure process.
During the last 8 years the average person saw there salary drop instead
Of increase. These are all facts no one will argue with.
The truth is we are only in the start of the worst economy we have seen in our generation
and a very real possibility of another depression.

Bush just like Mcain doesn't understand the economy.
That not just my opinion its his own words. Not only does he not understand how to fix it
He does not understand exactly what is broken. Its no surprise that he doesnt. The people that make up these
securities use complex math models very few people understand.
They are basically bundles of thousand of loans some good and some bad that are then given rules based on quantitiative
math. It will take the best and brightest minds in the world to get us out of this, and the same things bush and mcain have done for the last 8 years
Have not worked so far and wont work in the future.

If you do what you have always done then you will do get what you have always __________
90 percent of the time they have voted the same.

Please don't just take my word for it Start to read up on some of this yourself. MSN money, elliot wave and, bloomberg
Have tons of articles That prove we are in the heading into one of the worst economies any one has ever seen.

So why are the polls even close then ?

The chairman of mcains campaign recently said that people don't vote on issues
they vote on a personality composite which means. He is trying to sell personality instead
of results.

He believes people will vote against there own self interests.
Lets teach him we are smarter then that and elect the ticket that can
bring us back from the brink of a economic abyss.
If you think i am kidding do your own home work you will find
We are at the start of this mess not the end.

Mcain admits in the year 2008 he cannot use a computer even to send email
Its almost impossible then he will understand the complex securities such as cdos that are destroying wall street
and the home values on your street.

We are not bulletproof america it time to wake up and hold these people accountable.

How many people that you go out and have drinks with would you really want running the country?
Lets stand up and fight for our country now while it will still make a difference
Lets elect Obama Biden 08

OBAMA K,EEPS SAYING MCCAIN HAS BEEN A SENATOR FOR36 YEARS DOES OBAMA KNOW HOW LONG BODEN HAS BEEN A SENATOR.

We don't want another George Bush to ruin our country again. Mccain does not understand economy, US needs more of a economic based President which is Barack Obama. If Mccain becomes president and starts war against Iran or North Korea our economy will not be able to take the load.

Today our Tax system is so poor that Warren Buffet can easily manage to pay less tax than any ordinary American, our Education system is getting worse, more and more people are loosing jobs and outsourcing is making it even worse and please think of out troops in Iraq fighting a stupid war. I live next to a woman who's son is in army and want her son come back from Iraq now.

I

Palin is a fake in sheep-skin, I have no confidence in her to run this country as President of this great nation of ours should McCain not make his 4-Year term as President of the United States of America, due to his age and health, I am a Republican. But my gut discountenance is McCain made a bad choice in picking Palin, I have prayed for direction in this very important election, and a disciple answered my prayer to vote for Obama/Biden. As our country is in grave risk of economically falling apart. And McCain changed my mind when he said the fundamentals of our economy are strong.

And of course Obama has the input from Franklin Raines, Jim Johnson, and Barney Frank to pull from.

NOBAMA

McCain’s top campaign contributors read like a Who’s Who for the $700 billion bailout, austensibly to “rescue Main Street”. Has it worked? Ask his friends.

CEOs Angelo Mozilo (COUNTRYWIDE), Richard Fuld (LEHMAN BROS.), Edward Liddy (AIG), Maurice Greenberg (former ceo, AIG), James Cayne (Chair, BEAR STEARNS), Charles Gifford (former Chair, BANK OF AMERICA), Richard Grasso (former CEO, New York Stock Exchange), CEOs William Harrison (JP MORGAN CHASE), Richard Kovacevich (WELLS FARGO), John Mack (MORGAN STANLEY), Daniel Mudd (FANNIE MAE), CEO CHARLES SCHWAB, John Thain (MERRILL LYNCH), G. Kennedy Thompson (WACHOVIA), Robert Zoellick (Pres, World Bank and V.P. of GOLDMAN SACHS). Even U.S. Treasury Secretary Henry Paulson, former CEO, Goldman Sachs, gave $5000 to the RNC in the 2006 primary. [source: FEC filings]

McCain voted 90% with Bush whose policies have bankrupted our families and lost the respect of other nations. This is a defining moment in history when we can vote for a president who will unite and lead us with hope, dignity and wisdom. Vote early for Barack Obama!