As GOP attacks mount on the issue of Senator Obama’s ties to Political Action Committees and Lobbyists, Obama’s campaign has undergone little scrutiny on his long-standing ties to the financial and banking community. In Obama’s speeches across the country he has repeatedly criticized the Bush administration for allowing “evil” subprime mortgage lenders and investment banks to lead this county into our current mortgage meltdown. Obama’s rhetoric on the mortgage crisis has been pointed and blunt, as stated on his own campaign website, “Obama will crack down on fraudulent brokers and lenders…Obama has been closely monitoring the subprime mortgage situation for years, and introduced comprehensive legislation over a year ago to fight mortgage fraud and protect consumers against abusive lending practices”.
Throughout the campaign season Obama has attacked Wall Street’s financial sector and ran a campaign based largely upon his “good judgement”. The problem with Obama’s rhetoric rests in the fact that tucked away in his database of 1.5 million donors are the approximately 130,000 power brokers that have funded nearly 60% of his campaign. Included in this list are the more than 350 campaign bundlers who have accounted for over $78 million in contributions. Read the rest of this entry »
As previously reported, Barack Obama made a scathing attack upon John McCain’s proposal for a $300 million prize for the development of a next-generation battery yesterday. In a delivered speech Obama stated, “In statements made today, Mr. Obama remarked, “I’ve been talking about this myself for the last few years. But I don’t think that a $300 million prize is the way to go. When John F. Kennedy decided that we were going to put a man on the moon, he didn’t put a bounty out for some rocket scientist to win – he put the full resources of the United States government behind the project and called on the ingenuity and innovation of the American people, not just in the private sector but also in the public sector.”
Obama’s gaffe claiming that “I don’t think that a $300 million prize is the way to go…” was a direct reflection of his inherent misunderstanding of American Ingenuity over the past 232 years, as reported in as reported at PDOP - Obama World: Government Not American Ingenuity Will Solve The Gas Crisis. More importantly however is the fact that news organizations across the country conveniently failed to publish this portion of Obama’s remarks. Both CNN Online and The New York Times published excerpts of the speech that omitted the gaffe. Read the rest of this entry »
Today Barack Obama threw the American Spirit of Capitalism and Competition under the bus as he scoffed at John McCain’s proposal of a $300 million dollar prize for the development of a next generation car battery. Obama’s ridiculous mocking of the idea goes far beyond his typical rhetoric of criticism without solutions. Obama’s attack on the plan made clear his position that the Government, not the American people, will solve our problems. After 232 years of American Ingenuity driven by our modified capitalism, we are now considering the election of a president who clearly does not understand or appreciate the contributions of our predecessors.
In statements made today, Mr. Obama remarked, “After all those years in Washington, John McCain still doesn’t get it… I commend him for his desire to accelerate the search for a battery that can power the cars of the future. I’ve been talking about this myself for the last few years. But I don’t think that a $300 million prize is the way to go. When John F. Kennedy decided that we were going to put a man on the moon, he didn’t put a bounty out for some rocket scientist to win – he put the full resources of the United States government behind the project and called on the ingenuity and innovation of the American people, not just in the private sector but also in the public sector.”
Obama comparison to the space program certainly has patriotic undertones but in reality undermines his very own argument. John Kennedy never told the American people that the government should be committed to sending a man to the moon; he stated, “I believe this nation should commit itself to achieving the goal”. Ultimately, the space program of the 60’s was extremely dependent upon the awarding of contracts and expertise of private firms such as McDonnell-Douglas, General Electric, North American Aviation’s Rocketdyne Division, Aerospace Corporation, Martin, and dozens of others. The space program was also based upon a progression of rocket technology that began more than 20 years earlier during WWII. Read the rest of this entry »
Barack Obama stooped to a new low in his campaign of division and distraction on Saturday when he scraped the bottom of the barrel in his inference that John McCain may be partially to blame for levee collapses throughout the region. In a prepared statement Obama stated, “I know that Sen. McCain felt as strongly as I did, feeling enormous sympathy for the victims of the recent flooding. I’m sure they appreciated the sentiment, but they probably would have appreciated it even more if Sen. McCain hadn’t opposed legislation to fund levees and flood control programs, which he considers pork.”
Obama’s attack on McCain, even as flood waters continue rise in Illinois and Missouri, is a new low for Obama, as his attack on John McCain also through top Democrat Russ Feingold (led the opposition to the bill) under the bus. The McCain campaign justifiably returned fired by calling out Obama’s distortion and failure to disclose the facts concerning the bill. Read the rest of this entry »
BTW, my previous post is awaiting moderation for an edit. I was in brass knuckle mode whe I wrote it so keep that in...
