Obama lays some blame on Wall Street

eNews Reference — Mon, 28 Jul 2008 18:47:46 GMT

Wall Street should take a lot of credit for some of or financial woes in this Country...just like EXXon... http://www.enewsreference.com

Obama lays some blame on Wall Street

Dottie Swarthmore PA — Mon, 28 Jul 2008 18:51:32 GMT

Senator Obama is so far ahead in his thinking and planning, it makes Senator McCain look like he is back in the middle ages. I can't wait until Senator Obama is President and he begins to implement his great ideas.

Obama lays some blame on Wall Street

nebraska can help — Mon, 28 Jul 2008 18:52:26 GMT

Yes.

We.

Can.

Finally.

Obama/Hagel

Obama lays some blame on Wall Street

Capt. Smash, Salt Lake City — Mon, 28 Jul 2008 18:52:43 GMT

McNuttyButty wants to know so he can flip flop to be in line with Obama's position.

Obama lays some blame on Wall Street

Diane from Illinois — Mon, 28 Jul 2008 18:54:06 GMT

I'm glad they kicked the press pool out! Nothing would ever get done with them hanging and analizing on every word. Good grief, this is important. Let them at least try and come up with some sane solutions. Obama's camp will let us know what went on today.

Obama lays some blame on Wall Street

Clara Kansas City, MO — Mon, 28 Jul 2008 18:54:27 GMT

Oh to be a fly on the wall. What was it Bush just said about Wall Street? Something like, "we've been on a bender"? or something like that.

Yeah, the hangover's been hell and the advil isn't working.

I think the true fix will be on January 20th. Can't wait for Obama's inauguration!

Obama lays some blame on Wall Street

Jim, Santa Cruz — Mon, 28 Jul 2008 18:55:02 GMT

Wall Street is to blame for many of our economic problems and many who work there think it's sacrligious to say so, but facts are facts. The main problem as I see it is that the public market for stock constrains the businesses it is supposed to support. Everything is on a three month horizon - it's next to impossible to run a business this way, at least run one effectively. Investors don't have the patience to nurture new products or ride through down turns or natural business cycles.

Obama lays some blame on Wall Street

Thomas Melray, Miami FL — Mon, 28 Jul 2008 18:55:29 GMT

"Obama lays blame on Wall Street"

Sure. Next step for Obama is to get rid of capitalism. Not convinced? Nationized healthcare, nationalized banking system, nationalized energy, nationalized school system (oops, already have that).
A program for every person, and a chicken in every pot.
This Obama, he's so smart, he knows everything.

Obama lays some blame on Wall Street

Jay Jay - Informed Voter — Mon, 28 Jul 2008 18:56:10 GMT

Obama, you don't have to get your hand's dirty...president bush said it best...WALL STREET GOT DRUNK...Wait! a drunk man calling another man drunk....Hmm...they must have been drinking together

WALL STREET AND GWB GOT DRUNK

Obama lays some blame on Wall Street

American Voter — Mon, 28 Jul 2008 18:56:49 GMT

We're doomed!

Obama lays some blame on Wall Street

Take a Picture — Mon, 28 Jul 2008 18:57:27 GMT

Gee, another photo-op. No one saw that coming.

Obama lays some blame on Wall Street

Michelle Zee — Mon, 28 Jul 2008 18:59:01 GMT

Obama lays some blame on Wall Street

Jay Jay - Informed Voter — Mon, 28 Jul 2008 18:59:16 GMT

BAD NEWS: WALL STREET(including GWB) IS DRUNK DRIVING THE ECONOMY.
GOOD NEWS : POLICE OBAMA is here to get them all for DUI

Obama 08

Obama lays some blame on Wall Street

John McSame, AZ — Mon, 28 Jul 2008 19:00:17 GMT

It is not Phil Gramm and wall streets fault. Its those whining Americans who caused all of the problems.

Obama lays some blame on Wall Street

Christopher Mims, Evanston, IL — Mon, 28 Jul 2008 19:01:21 GMT

That seems to be Obama Method of Operation. The government just doesn't tax enough, and it doesn't spend enough. It worked for him in Chicago politics (city is now broke), Illinois politics (state is now totally broke). So why not on the national level?

Obama lays some blame on Wall Street

Sherri Hussein, Charleston WV — Mon, 28 Jul 2008 19:01:35 GMT

Can someone with a little more historic economy knowledge comment on Alan Greenspan's culpability in all this? And John Snow while we are at it? I would like to hear what you folks out there think about the responsibility these men bear.

Obama lays some blame on Wall Street

Clyde Morris South Side of Shytown — Mon, 28 Jul 2008 19:03:00 GMT

I like Obama's economic experience. He once did the books for the YMCA on Chicago's south side. The man had those books balanced to the penny!

Obama lays some blame on Wall Street

Mister Anderson (The Matrix) — Mon, 28 Jul 2008 19:08:35 GMT

Obama needs to link the economy to the war and hammer that point home. Then he needs to point out how McCain is in bed with lobbyists and wants them further deregulation of business and give Exxon tax breaks which makes him a Corporate Welfare Queen!

Obama lays some blame on Wall Street

Andy Glover in Austin, TX — Mon, 28 Jul 2008 19:10:00 GMT

The relaxing of regulations which started with the Enron exception that Phil Graham helped pass. Loosening restritions on the rish and powerful only serves to make them more rich and more powerful. The income disparity between rich and poor is no accident and is also not a result of the business cycle. It's lobbyists getting Congress to give us more power and hopefully it'll end under an Obam administration

Obama lays some blame on Wall Street

donna — Mon, 28 Jul 2008 19:13:49 GMT

Americans, we must learn to cooperate in spite of our partisan differences or it won't matter one bit who we elect as our next POTUS.

The same people who parrot McCain's false accusation that Senator Obama would rather lose a war, than lose an election, have posted comments that they look forward to a failed Obama administration should he win in November.

One especially depraved poster said she would pop corn, and gleefully chomp through the entertainment of it all, should he falter.

I hope we, as a nation, will pull ourselves together both figuratively, and literally.

Obama lays some blame on Wall Street

Glenn Ray Heights, Albany NY — Mon, 28 Jul 2008 19:13:51 GMT

The biggest problem was that Washington, and most notably the Democrats, wanted easy credit extended to people that really did not qualify for the loans they got. See Chuckles Schumer for details.

Obama lays some blame on Wall Street

jeff D Evanston Il. — Mon, 28 Jul 2008 19:14:28 GMT

as an obama supporter i disagree that wall street has some blame!! first the enron loop hole and the oil futers traders share a major part of the blame as well as the laws that allowed the expansion of some non banking firms to be allowed to give these riskie moragages!!! also the decline of the dollar and our budget deficets are not helping. the tax cuts that GWB tried to make permante!! there are a long list of thing that have caused our economey to go in the tank. but i think the single biggest thing is the war in iraq!!! wall street does not like Instability in the world, with iran and the problem in north korea, and all i have mentioned above, we need a new additued in washington.

Obama lays some blame on Wall Street

MSierra, SF — Mon, 28 Jul 2008 19:15:20 GMT

It's GREAT to see Obama had UNION representatives among his economic advisors meeting.

It's hard to imagine McCain including them

We have to level the playing field for unions
Workers want to unionize
Tehy're being prevented from unionizing by law breaking corporations

It's time overdue to take a look at the con jobs called 'Free trade' and 'deregulation'
These are both 'failed social policies' for the 70's and 90's

'Free trade' (sic)has left us with a crumbling manufacturing base and a loss of high paying jobs

It only benefits corporations and Wall Street investors
Mend it or End it

Deregulation left us with dog food that killed hundred of pets, children's toys loaded with lead, interest rates up to 30%, monopolies in the media, banking and most other industries and a host of other problems

Deregulation is a failed policy

It's time for real change
Business n

Obama lays some blame on Wall Street

Mark Thieme — Mon, 28 Jul 2008 19:16:57 GMT

In my long lifetime in politics I have never seen the like.

It is doubtful that any other American could have drawn a 200,000+ crowd anywhere and it is doubtful that anyone else could have collected such an all-star, Hall of Fame, economics team.

Quite frankly, that this is even a race at all demonstrates what the past 8 years has done to our national psyche.

The Bush/Cheney/Rove psychopaths have locked us up in the basement so long that some of us have come to love our captors.

Wake up, America! Walk out of the dungeon and walk in the light of a new day!

We can if we want to. Yes. We can.

The ancient Hebrew prophet Jeremiah, not known for his rosy predictions, was moved to say at a time much like this:

"There is a way for you, not a way of darkness, but a way full of future and hope."

So be it.

Obama lays some blame on Wall Street

jonymc — Mon, 28 Jul 2008 19:18:22 GMT

Thank goodness we finally have someone with intelligence and competent leadership!

Obama lays some blame on Wall Street

GG, FL — Mon, 28 Jul 2008 19:19:19 GMT

Thank goodness Sen. Obama is having a PRODUCTIVE DAY and it's all about the American people AND THE ECONOMY.

SEN. OBAMA HAS NOT SPENT HIS DAY OR ANY OTHER DAY COMPLAINING AND WHINING AND PUTTING OUT ADS DRAWING TOUR BELOVED "TROOPS" INTO POLITICS..........IT'S A DISGRACE............SEN. MCCAIN HAD NO CONSCIENCE HOWEVER, HIS LATEST AD ONCE AGAIN ATTACKING SEN. OBAM FOR NOT VISITING THE TROOPS WHEN THE PENTEGON WAS INVOLVED WITH THE DECISION BY SEN. OBAMA. SEN. OBAMA DID THE RIGHT THING....................WHEN THE PENTAGON GOT INVOLVED OF ALL THINGS ABOUT VISITING SICK TROOPS...............SEN. OBAMA CHOSE THE HIGH ROAD AS HE USUALLY DOES AND CHOSE NOT TO INVOLVE THE TROOPS AND MAKE THEM THE POLITICAL SPECTICAL SEN. McCAIN RELEASED YESTERDAY ALL OVER THE AIRWAYS

ACTIONS SPEAK LOUDER THAN WORDS AND THE VERY FACT THAT SEN. McCAIN RELEASED AN AD WITH THE TROOPS A PART OF "CONTROVERSY" THAT HE DRUMMED UP IN HIS MIND, TELLS WHO REALLY CARES ABOUT THE TROOPS.

RULE OF THUMB SEN. McCAIN NEVER, NEVER, NEVER, NEVER, NEVER , NEVER INVOLVE OUR BELOVED TROOPS IN YOUR POLITICAL GAMES....................EVER

SEN. MCCAIN JUST PROVED THAT NOTHING OR NO ONE IS OFF LIMITS FOR HIM AND THE REPUBLICANS, SO IT'S BUSINESS AS USUAL;

SEN. MCCAIN IF YOU CAN'T ADDRESS THE ISSUES FACING STRUGGLING AMERICANS, WELL.............YOU KNOW THE REST OF THE STORY

Obama lays some blame on Wall Street

Kris STL — Mon, 28 Jul 2008 19:21:07 GMT

“It's a group that I will be convening periodically over the next few months because of the dynamic situation and one that the next president will need to be prepared to deal with the moment he takes office.

Well It looks as if Obama is quite prepared to deal with these people and McCain is somewhere picking his nose. I guess I know who I am voting for..............

McCain 08 b/c nose picking beats incompetance beats the hell out of intelligent, thoughtful preparedness!!!

Obama lays some blame on Wall Street

Brian M De. — Mon, 28 Jul 2008 19:23:21 GMT

Has anyone else thought that if you take the Oil men out of the White House, that oil prices might go down.Think about this fact for a minute. When Bush took office in California mind you. Gas price per gallon $1.49 and I was complaining.Now after this war which would bring the price of fuel down we pay. almost$5 dollars and on the East Coast I am paying $3.82 a gallon. By the way so many people forget that John McBush was selling The Iraq War as bad as the Bush Administration.

Obama lays some blame on Wall Street

Casey | Tecumseh, Mo. — Mon, 28 Jul 2008 19:25:07 GMT

The federal government of the United States has eliminated or substantially reduced the regulation of price and entry in domestic aviation, trucking, railroads, interstate buses, ocean shipping, long-distance communications, energy, and financial institutions. In addition, the federal government eliminated the general controls or guidelines on prices and wages throughout the economy.

All of this is done in the name of making services and products cheaper for the American public. But is that true, really? Yes, it's cheaper to have cell service now -- perhaps due to the competition created by deregulation. There are many more "movers" out there when you need them and perhaps it is even cheaper. You can (or could) get a mortgage on more house than you could afford without having to show income or any pesky ability to pay back the loan...

The sad fact is that even IF access and cost is cheaper to the public, the quality of the service or product goes downhill rapidly and overall, the lack of regulatory processes results in potential losses for the American public. Just look at the mortgage crisis or the energy crisis (oil and gas) and their effects on the public. Americans losing their homes isn't the only place such losses are felt. Companies go out of business or report such losses that the stock market plummets. Gas prices go up because of speculation and airlines go out of business or provide such rotten service with so many charges that no one who can avoid it wants to fly.

The stockmarket took advantage of all that deregulation to plunder the American economy. If you believe Reagan voodoo economic theory that all that money made would trickle down to the average joe, I bet you are pissed. Wealth rarely trickles down; check your toliet for what does.

I hope Obama and the experts he gathers CAN come up with a solution to business as usual. The American public - the REAL American public making under $250K a year (or way less!) - needs a New Deal. I'd like to see an FDR approach to recovery, creating jobs and money that stays within our borders.

Obama lays some blame on Wall Street

S.B. Stein E.B. NJ — Mon, 28 Jul 2008 19:26:02 GMT

Learning from everybody is a smart move. Even better is learning from everybody and knowing where they come from with regards to their advise.

Obama lays some blame on Wall Street

Dan, McFarland, WI — Mon, 28 Jul 2008 19:27:43 GMT

Where is the mention of McCain being one of the Keating 5? The Keating 5 Senators tried to prevent the federal government from investigating the Lincoln Savings & Loan's risky loan practices regarding home loans.

Charles Keating was chairman of Lincoln Savings & Loan.

Keating was not only a top contributor to McCain, but also Cindy McCain's business partner in real estate deals in Arizona.

The collapse of Lincoln Savings & Loan cost American taxpayers more than $2 billion. It also bankrupted thousands of elderly because they lost their entire savings.

Now, we're learning of Andrew McCain (John McCain's son) being involved in a scandal with Silver State Bancorp.

Obama lays some blame on Wall Street

Georgio, NY — Mon, 28 Jul 2008 19:29:45 GMT

We are sick and tired of the scare tactics and the lies that have been fed to us under the Bush administration.

Enrique, Chicago (Sent Monday, July 28, 2008 3:06 PM)

Good. Then leave. Don't let the door hit you on the way out you pathetic piece of dog feces.

Obama lays some blame on Wall Street

Diane from Illinois — Mon, 28 Jul 2008 19:29:45 GMT

The new president will inherit a deficit of $482 billion says the Bush administration; however that figure may go up since they didn't include (as mandated by Congress) all of the war costs. Now, how do you "conservative, tax cutting, fiscally responsible, smaller government" Republicans explain THAT under the Bush administration????? And you want 4 more years of the same???? Don't think so, Jerry!

Obama lays some blame on Wall Street

Dick Hertz — Mon, 28 Jul 2008 19:30:26 GMT

"Sure. Blame it on wall street... oh wait, why don't we micromanage it? Seems like a good idea, right? Let's CHANGE capitalism now to the way I want it to be."
- Obama

Obama lays some blame on Wall Street

Kay P Tempe, AZ — Mon, 28 Jul 2008 19:30:58 GMT

Finally! putting some blame on Wall Street AND Congress. You can't eliminate all regulations and then expect banks, etc., not to go for the gold, so to speak. If the predatory loans weren't worth buying, they wouldn't have existed - nor the A.R.M. loans - ANYTHING to make a buck. Well, Henry Ford had it right - when your workers can't afford to purchase what they make, the economy suffers.
The past 25 years focus on dividends, stocks and CEO golden parachutes has robbed the middle class and tossed out anyone making less then $50,000. As for blaming the Unions for troubles the car and air industry are going through - doesn't take into account the concessions made by workers to keep these guys afloat -- and now they are taking it on the chin. maybe they shouldn't have helped them when they were first asked, because the companies aren't helping the workers now.

Obama lays some blame on Wall Street

Alice, AR — Mon, 28 Jul 2008 19:31:48 GMT

WE ACTUALLY HAVE A PRESIDENTIAL CANDIDATE FOCUSED ON THE ISSUES FACING HARD WORKING AMERICANS, OH YES, THAT WOULD BE SEN. OBAMA.

SEN MCCAIN SPENDS HIS DAYS TEMPER, TEMPER, ATTACK, ATTACK, ATTACK, NEGATIVE, NEGATIVE, FEAR MONGERING, UPHOLDING THE RICH TAX CUTS, DRILLING OFF-SHORE WITH NO SUBSTANCE WHEN ENVIRONMENTALIST HAVE CONTINUALLY SAID IT WILL DESTROY OUR COSTAL CITIES, YOU KNOW FLORIDA, CALIF, LA......................

AND IF THAT'S NOT BAD ENOUOGH PULLING OUR TROOPS INTO A TV AD ALL IN THE NAME OF BASHING HIS OPPONENT.

WE THE PEOPLE HAVE ISSUES, WE THE PEOPLE ARE SUFFERING, LOOSING OUR HOMES, JOBS, CAN'T BUY GAS, LIMITED TO NO HEALTH CARE SEN. MCCAIN AND YOU THINK WE ARE INTERESTED IN YOUR TIRADES AND TEMPER STOMPING YOUR OPPONENT.

SOMETHING TELLS US YOU DON'T KNOW HOW TO ADDRESS THE ISSUES BECAUSE YOU KEEP RUNNING AWAY FROM THEM, YOU KEEP CONDUCTING PHOTO OPS EVEN IN THE CHEESE ISLE WHERE YOU KNOW YOU DON'T GO LET ALONE GROCERY SHOP BECAUSE YOU ARE WORTH OVER 100 MILLION DOLLARS.

SEN. MccAIN BEING RICH IS NOT WRONG, BUT PRETENDING TO UNDERSTAND OUR CIRCUMSTANCES BY USING DIRTY TRICKS AND RICH LOBBYISTS THAT PUT US IN THIS RECESSION IS. YOU KNOW

PHIL GRAMM ARCHITECT OF THE ENRONLOOP HOLE, THOSE EMPLOYEES WHO LOST EVERYTHING INCLUDING THEIR SHIRTS, PENSION, SAVINGS JOBS, THE ELECTRICITY CRISIS THAT CALIFORNIA HAS YET TO RECOVER, AND LETS NOT FORGET HE ALSO AUTHORED THE SUBPRIME MORTGAGE CRISIS AND IS STILL CO-CHAIR OF THE UBS FOREIGN BANK WHO WAS JUST SUED BY THE US. FOR HIDING WEALTHY AMERICANS TRILLIONS OF DOLLARS FROM THE IRS...................

YOU KNOW YOUR KEY ECONOMIC ADVISOR WHO IN PRINT YOU SAY IS GONE BUT IN REALITY IS STILL YOUR #1 ADVISOR. YOU ACTUALLY TRUSTED HIM WITH THE AMERICAN PEOPLE?

JUDGEMENT, JUDGEMENT, JUDGEMENT, JUDGEMENT

Obama lays some blame on Wall Street

dmw, kansas city, mo — Mon, 28 Jul 2008 19:34:28 GMT

The American people are to blame as well. We just spend and spend, use credit, and buy things we can not afford, like houses!!! Then we expect the government to bail everyone out. Until people take responsibility for their own deeds and actions we will not learn the lesson to spend within our means.

Another stimulus package is a joke! Just what America needs, more debt!!!!! Come on, enough is enough.

I am still voting for Hillary in November. She is the best qualified, no matter how much you all bashed her.

Obama lays some blame on Wall Street

Ron Indiana — Mon, 28 Jul 2008 19:35:53 GMT

Clara Kansas City Mo--I was thinking the same thing. To be a fly on the wall and listen to the economic leaders of the country figure out solutionss to our economic woos. 176 days left till January 20th. Can't wait.

Obama lays some blame on Wall Street

Wanna No — Mon, 28 Jul 2008 19:36:00 GMT

American Voter...........Do you have a rain cloud that hovers over your head and follows you around wherever you go?

Obama lays some blame on Wall Street

Vote only for Democrats and Barack Obama — Mon, 28 Jul 2008 19:36:49 GMT

Wall Street certainly does have its share of blame. Let's start with the Enron loophole and the speculation of oil on the market. Why hasn't there been a proposal from congress to fix this flesh-eating monster? Every budget from city, county, school, and individual has been and is being impacted by this enormous increase of gas costs.
However, there are a few portfolios's that are expanding. Bush/cheney and gramm who do not understand because they keep looking at their own personal incomes increasing.
Closing the Enron loop hole should be the first order of business in my opinion.
The deregulation and speculation hailed by this republican administration combined with a war budget put on a credit card has left this nation's economy on the brink of a depression, and all of the excuse-making and cheerleading by bush can not drown that fact out anymore. We will have new numbers soon on unemployement for Wall Street to digest. This is not over and we have not begun to heal yet. It won't be over until a democratic president takes over in the White House.

Obama lays some blame on Wall Street

Leni,Michigan — Mon, 28 Jul 2008 19:37:06 GMT

Finally somthing that matters- The Economy-. The WH projects a record deficit of 490 billion. The elderly are suffering because of economic crunch. According to AARP one quarter of all bankruptcy claims in2007 were filed by people 55 and over. In the 75 to 84 age group bankruptcy was up 433 percent. These are the problems facing us here at home. The constant noise being generated by the nonsense of the media (should he have gone, the surge, flag pins,two old farts riding in a golf cart ect.,ect.. Don't you think it's about time we started driving the bus, instead of continuing to react like trained seals to what ever story being fead to us. Speak out, speak up.

Obama lays some blame on Wall Street

Geoff Mathers — Mon, 28 Jul 2008 19:37:19 GMT

...more dog-and-pony show from Obama camp, folks! He's trying to exhibit as if he knows how the world runs by inviting the so-called 'experts' to take part in the changes he deems is right for the nation. Sad part is that how would he know in his right mind that the suggestions from the so-called 'experts' are surefire solutions to our current woes? IMHO, only idiots, undereducated people (sadly the one disillusioned with Bush) will be impressed by this elitist charlatan.

Obama lays some blame on Wall Street

Zeeway Quing — Mon, 28 Jul 2008 19:38:26 GMT

He's right about that, because the rich is getting richer and the poor is getting poorer. There must be a balance, but it's sad for the rich to have to suffer a little for the have nots to get relief.

Oh well...whatever works!
Michelle Zee (Sent Monday, July 28, 2008 2:59 PM)

=========================

Of course Michelle, when the "rich" are taxed more, they'll have to be some layoffs at the companies they own. Hope you're not one of them. Who will be suffering then?

Obama lays some blame on Wall Street

Nj — Mon, 28 Jul 2008 19:40:35 GMT

This we know
Wall street has been a DISASTER. Get the regualtions back in place Obama.
Oversight would be a good idea as well.

Maybe we need Porn star Graham to help us right McShame???
NOT

Obama lays some blame on Wall Street

Bee — Mon, 28 Jul 2008 19:41:05 GMT

Like George Bush said, Wall Street has gotten drunk. They are responsible for this economic mess. Although Republicans need to share part of the blame as well, their trickle down economics doesn't work anymore. I once worked in Wall Street; Obama is absolutely right on his assessment

Greed is what drives Wall Street.

Obama lays some blame on Wall Street

J.T. Amos — Mon, 28 Jul 2008 19:41:25 GMT

Now, the wall street... tomorrow (Jan 2009), maybe they will start policing our water and electric usage to save pennies for the economy.

Obama lays some blame on Wall Street

Beverly in Chicago — Mon, 28 Jul 2008 19:42:21 GMT

The American taxpayers are the stock exchanged on Wall Street. No McCain, Bush, Cheney, corporate welfare, or oil lobbyist.

Obama lays some blame on Wall Street

Truesdell — Mon, 28 Jul 2008 19:43:23 GMT

For Obama, it's all about showmanship rather than actual accomplishments... it's good for his ratings, he thinks.