Friday, September 26, 2008

What Caused The Economic Crisis: Watch and Comment

It’s long (10 minutes) But Worth Watching. Comments?


Ohio Bassist said...

All this video needs is Carmina Burana playing in the background, flames shooting from Obama's head, and a ray of light behind McCain's!

I agree with it's suggestion that you can't blame the borrowers for the bubble, but I never trust anything that puts the blame completely on one party. I don't doubt the veracity of the particular facts it chose to present, but I'm sure a Democrat video maker could find just as much fodder to place the blame on the other side!

The Squeaky Wheel said...

Obviously you did not watch until the end. That is where the rays of sun come down and light McCain's face


Ohio Bassist said...

Darn missed it! I made it pretty far though, like to the last 30 sec., then I bailed. I figured I got the gist of it by then!

I did like the John Mayer version of Free Fallin, BTW. One of my favorite Petty tunes.

The Squeaky Wheel said...

Yeah, I dig Mayer's acoustic stuff better than his studio work

Anonymous said...

We are also SMALL business owners earning on average 400,000 a year, BUT if Obama was elected he will tax us to the point we will have to break our business into 2 or 3 entities to keep from paying outrageous taxes, I could not believe that BIDEN got away with saying 95% of the SMALL businesses MAKE LESS than 250,000! THAT is blatantly FALSE! I know home owned cafe's that make almost a million, but that is NOT ALL PROFIT, but the way Obama's ideology is set up you are taxed on TOTAL PROFIT, so those companies like us would go under! After paying for supplies, food, employees, insurance, and all other necessities like advertising etc those MOM and POP shops will be HISTORY! I wake up at night in a cold sweat about this we can NOT afford Obama....OBAMA'S ideology is BIG GOVERNMENT more CONTROL and JUST enough money to scrape by, I am sorry but I still want the AMERICAN DREAM for me and my family, and that means a CAPITALIST SOCIETY, with FREE ENTERPRISE and the ability to CONTROL my own earning potential! I hope that Floridains, and Pennsylvania, and Mich. and OHIO all SEE what the MEDIA is doing and that WE DO NOT need OBAMA but more stablization and LESS GOVERNMENT and LESS PROGRAMS and MORE incentives to GROW the economy with jobs through tax cuts and education! THE Liberal ideaology of let the GOVERNMENT handle you from cradle to grave is FINE for Cuba, not our AMERICA!

Anonymous said...

There is a disturbing link between Barack Obama,, and William Ayers. National Review reports that William Ayers and Barack Obama both served as co-chairs of the Chicago Annenburg Challenge. Obama called for an $3.5 million dollar earmark for the Annenburg Foundation that sponsors Several FactCheck articles have been viewed as promoting the Obama campaign line instead of truly acting as a fact checkers. Controlling the ‘facts’ is a hallmark of a totalitarian regime, and this is a truly unsettling connection.

Mission statement from

The Annenberg Political Fact Check is a project of the Annenberg Public Policy Center of the University of Pennsylvania. The APPC was established by publisher and philanthropist Walter Annenberg in 1994 to create a community of scholars within the University of Pennsylvania that would address public policy issues at the local, state and federal levels.
The APPC accepts NO funding from business corporations, labor unions, political parties, lobbying organizations or individuals. It is funded primarily by the Annenberg Foundation.

Requested Anneberg Earmark from Barack Obama - Citation from

Obama Requested $3.5 Million For The USC Annenberg Research Network. In 2005, Obama requested $3.5 million for the USC Annenberg Research Network on International Communication, in partnership with the University of Illinois at Urbana-Champaign, to support the deployment of pervasive broadband for education and economic development.Funding was for the construction of a large-scale broadband wireless systems in two communities—one in South Los Angeles and the other in small-town Illinois. In each community, broadband network coverage will be provided over a minimum of about a half-square mile area, utilizing leading edge wireless technologies. In Los Angeles, this will include the five schools in USC’s immediate neighborhood, with about 8,000 K-12 students. USC also will provide wireless equipment and access to every family with a student entering the first grade of a new Science Center School, and in Illinois, a similar group of students will be selected to receive wireless equipment and access within the coverage area. The impact of these technologies on the students and their families will be tracked. [Obama Request Letter to the Senate Appropriations Subcommittee on Labor, HHS, Education, 6/7/05]

Obama’s Challenge from the National Review

Let’s first review CAC’s [Chicago Annenburg Challenge] initial setup. In the first year, 1995, Obama headed the board, which made fiscal decisions, and Ayers co-chaired the Collaborative, which set education policy. During that first year, Obama’s formal responsibilities mandated close cooperation and coordination with the Collaborative. As board chair and president of the CAC corporation, Obama was authorized to “delegate to the Collaborative the development of collaborative projects and programs . . . to obtain assistance of the Collaborative in the development of requests for proposals . . . and to seek advice from the Collaborative regarding the programmatic aspects of grant proposals.” All this clearly involves significant consultation between the board, headed by Obama, and the Collaborative, co-chaired by Ayers.