Category : US Presidential Election 2008

A Quiz for Election Day–How Many Presidential Candidates were on the 2008 Ballot in Florida and NY?

Note the date please–2008, the last Presidential election, not today’s. No peaking or Gooling, etc. Guess first, then take a look.

Posted in * Culture-Watch, * Economics, Politics, History, US Presidential Election 2008

The Remarks of President Barack Obama at the 2009 National Prayer Breakfast

We know too that whatever our differences, there is one law that binds all great religions together. Jesus told us to “love thy neighbor as thyself.” The Torah commands, “That which is hateful to you, do not do to your fellow.” In Islam, there is a hadith that reads “None of you truly believes until he wishes for his brother what he wishes for himself.” And the same is true for Buddhists and Hindus; for followers of Confucius and for humanists. It is, of course, the Golden Rule ”“ the call to love one another; to understand one another; to treat with dignity and respect those with whom we share a brief moment on this Earth.

It is an ancient rule; a simple rule; but also one of the most challenging. For it asks each of us to take some measure of responsibility for the well-being of people we may not know or worship with or agree with on every issue. Sometimes, it asks us to reconcile with bitter enemies or resolve ancient hatreds. And that requires a living, breathing, active faith. It requires us not only to believe, but to do ”“ to give something of ourselves for the benefit of others and the betterment of our world.

In this way, the particular faith that motivates each of us can promote a greater good for all of us. Instead of driving us apart, our varied beliefs can bring us together to feed the hungry and comfort the afflicted; to make peace where there is strife and rebuild what has broken; to lift up those who have fallen on hard times. This is not only our call as people of faith, but our duty as citizens of America, and it will be the purpose of the White House Office of Faith-Based and Neighborhood Partnerships that I’m announcing later today.

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Posted in * Culture-Watch, * Economics, Politics, Religion & Culture, US Presidential Election 2008

Gerard Baker–Wanted: a superhero to save America

But what Mr Obama really needs right now is a television superhero to help him to rescue the US economy. His inauguration as president in 11 days’ time will take place in what can be described, without hyperbole, as the worst economic conditions the US has faced in at least 70 years. Data due from the Labor Department this morning is likely to show that the US lost more jobs, net, in 2008 than in any year since the Second World War. Economic activity in 2009 is likely to decline at its fastest since the same historic landmark.

Most alarming, not only is there no obvious end in sight, the evidence suggests that things are getting worse. Despite the bailouts last year, the financial system, crippled by the housing market disaster and folly, remains clogged and more big financial institutions are likely to be in trouble in the next few months.

The American consumer, the hero of the global economy in every period of weakness in the past decade – from the Asian financial crisis to 9/11 – has gone on strike.

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Posted in * Economics, Politics, Economy, Politics in General, US Presidential Election 2008

Speech exceprts from President Elect Obama's Major Address on the Economy later today

I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible. If nothing is done, this recession could linger for years. The unemployment rate could reach double digits. Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four. We could lose a generation of potential and promise, as more young Americans are forced to forgo dreams of college or the chance to train for the jobs of the future. And our nation could lose the competitive edge that has served as a foundation for our strength and standing in the world.

In short, a bad situation could become dramatically worse.

Check it out.

Posted in * Economics, Politics, Economy, US Presidential Election 2008

Obama Warns of Dire Consequences Without large Stimulus Package

President-elect Barack Obama will say today that the nation’s recession could “linger for years” unless Congress acts to pump unprecedented sums from Washington into the U.S. economy, making his highest-profile case yet on an issue certain to define his early presidency.

“I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible,” Obama said in a speech set to be delivered at George Mason University in Fairfax, Va., outside Washington. Excerpts from his prepared text were released in advance by his transition team.

“A bad situation could become dramatically worse,” he added, painting a dire picture ”” including double-digit unemployment and $1 trillion in lost economic activity ”” that recalled the days of the Great Depression in the 1930s.

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Posted in * Economics, Politics, Economy, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, US Presidential Election 2008

Obama Warns About Years of Trillion-Dollar Deficits

President-elect Barack Obama on Tuesday braced Americans for the unparalleled prospect of “trillion-dollar deficits for years to come,” a stark assessment of the economic condition facing the country that he said would force his administration to impose tighter fiscal discipline on the government.

Mr. Obama sought to draw a distinction between the need to run what would likely be record deficits by any measure for the next several years and the necessity to begin bringing them down substantially in following years. Even as he prepares a stimulus package that is likely to total in the range of $800 billion in new spending and tax cuts over the next two years, he said he would seek to make sure that money is used wisely and that he would work with Congress to implement spending controls and efficiency measures throughout the federal budget.

“I’m going to be willing to make some very difficult choices in how we get a handle on his deficit,” Mr. Obama said, speaking about the dire fiscal outlook as he met with his top economic advisers for a second straight day. “That’s what the American people are looking for and, you know, what we intended to do this year.”

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Posted in * Economics, Politics, Economy, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, US Presidential Election 2008

Barack Obama gets to work on 'very sick' US economy

Barack Obama began work in earnest yesterday, twisting arms and stroking egos in Congress to garner support for a planned $775 billion (£525 billion) recovery plan for an economy he described as “very sick”.

On his first full day back in Washington since the election, the President-elect dispatched his daughters to their new school before heading to Capitol Hill to prepare for one of the most difficult inheritances ever faced by an incoming president.

At every turn yesterday, he underlined the gravity of the crisis and the need for national unity. After speaking with his economic team, he declared: “The situation is getting worse. We have to act and act now to break the momentum of this recession.”

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Posted in * Economics, Politics, Economy, US Presidential Election 2008

WSJ: Obama Eyes $300 Billion Tax Cut

President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion in tax cuts to individuals and businesses, a move aimed at attracting Republican support for an economic-stimulus package and prodding companies to create jobs.

The size of the proposed tax cuts — which would account for about 40% of a stimulus package that could reach $775 billion over two years — is greater than many on both sides of the aisle in Congress had anticipated, and may make it easier to win over Republicans who have stressed that any initiative should rely relatively heavily on tax cuts rather than spending.

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Posted in * Economics, Politics, Economy, Politics in General, US Presidential Election 2008

Religion and Ethics Weekly: Looking ahead to Possible Major religion Stories for 2009

[BOB] ABERNETHY: And John, what do you see of particular interest to the Vatican and to U.S. Catholics?

JOHN ALLEN (Vatican Correspondent, National Catholic Reporter): Well, I think in many ways, you know, the mega story of ’09 is going to be church-state relations under Obama ”” both the promise and the peril of that relationship. I think that the peril is maybe a little easier to get our hands around. It would focus on the traditional life issues. The new president has indicated he intends to sign an executive order liberalizing embryonic stem ”” federally funding for ””embryonic stem cell research right out of the gate as part of that first 100-days package. That certainly will produce some backlash in some religious circles. I think the deeper danger is if the Democratic-controlled Congress and the Obama people were to move forward with the Freedom of Choice Act, which is this piece of legislation that’s been around a long time, and you get different readings on how realistic it is, but in effect it would eliminate existing federal and state restrictions on abortion. The U.S. Catholic bishops have certainly made clear that if that were to gain momentum we would, in some ways, be back to a very serious cultural war in this country.

Watch or read it all.

Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Church/State Matters, Law & Legal Issues, Media, Other Churches, Religion & Culture, Roman Catholic, US Presidential Election 2008

A Local Editorial on the Obama Stimulus Package: No Christmas in January

A short sampling being circulated among congressional Republicans includes items from a list compiled by the U.S. Conference of Mayors and from local reporting around the nation. Philadelphia seeks $100 million to redevelop land for a casino. Spirit Mountain, Minn., seeks $6 million for snow-making equipment. A zoo in Rhode Island seeks $4.8 million for a polar bear exhibit and other improvements. Las Vegas, home to Senate Majority Leader Harry Reid, wants millions for a proposed organized crime museum and a pedestrian walkway to the Tropicana Hotel. Missouri plans to spend the entire $750 million it seeks for transportation on highways, but nothing on mass transit.

These wishes provide Congress with an unparalleled opportunity to pick and choose, a decision process that would lead to the Great Mother of all earmark bills. The Washington Post reports that House Speaker Nancy Pelosi of California and Senate Majority Leader Reid want to have the stimulus bill ready for Barack Obama’s signature on Jan. 20, when he is sworn in as the 44th president.

Senate Minority Leader Mitch McCon-nell of Kentucky and House Minority Leader John Boehner of Ohio want to slow the process down, with good reason. It is not enough to demand that projects be ready to go in order to create employment ”” the only criterion being applied at present. They should also fulfill a clear sense of national priorities.

Read the whole thing.

Posted in * Economics, Politics, Economy, US Presidential Election 2008

Obama Says U.S. Must Act Swiftly to Address Economy

President-elect Barack Obama said that Democrats and Republicans need to act with urgency to address the “great and growing” economic crisis, warning of double-digit unemployment if swift action isn’t taken.

“These are America’s problems, and we must come together as Americans to meet them with the urgency this moment demands,” he said today in his weekly radio address. “If we don’t act swiftly and boldly, we could see a much deeper economic downturn that could lead to double-digit unemployment.”

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Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, US Presidential Election 2008

Opinion L.A. Blog: Atheists seek restraining order against God for the inauguration

America’s most irritating atheist is at again. That tiresome Michael Newdow and a bunch of other anti-God types have filed suit to bar prayer and references to God at President-elect Barack Obama’s swearing-in on Jan. 20. Newdow also filed lawsuits to remove prayer from President George W. Bush’s inauguration ceremonies in 2001 and 2005, and you may also remember him as the crank who tried to get the phrase “under God” eliminated from the pledge of allegiance.

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Posted in * Culture-Watch, * Economics, Politics, Law & Legal Issues, Politics in General, Religion & Culture, US Presidential Election 2008

WSJ: Rick Warren, Obama and the Left

The most thoughtful and interesting debate of the two-year-long presidential campaign occurred last August at Saddleback Church between John McCain and Barack Obama, moderated by Saddleback pastor Rick Warren. So it is notable that President-elect Obama’s choice of Rick Warren to give the invocation at his Inauguration next month has brought forth hyperpartisan invective from the Democratic left. It has spent the past week conveying to the world its disappointment and disgust with the choice of Pastor Warren because he opposes gay marriage and abortion.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Evangelicals, Other Churches, Religion & Culture, US Presidential Election 2008

Can Obama Fix The Ailing Economy?

When Barack Obama takes the oath of office in just over three weeks, he will be confronted with the worst economic crisis since the Depression. NPR News Analyst Juan Williams talks about President-elect Barack Obama’s plans for the economy.

Listen to it all from NPR.

Posted in * Economics, Politics, Economy, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, US Presidential Election 2008

LA Times: Obama economic team tries to allay worries about stimulus plan

Amid a drumbeat of grim economic reports, President-elect Barack Obama’s top economic advisors met Tuesday to refine plans for a massive stimulus proposal, promising the money would not go toward dubious pork-barrel projects.

Vice President-elect Joe Biden met with seven advisors for an hour here as Obama vacationed in Hawaii. With the incoming administration acknowledging the stimulus plan could cost as much as $775 billion over two years, Biden seemed intent on reassuring Americans the money would not be wasted.

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Posted in * Economics, Politics, Economy, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, US Presidential Election 2008