See, this is why Obama is so successful - he can actually explain things, as opposed to King George who can't even pitch a ball without being booed by the 80 percent of America that hates his guts.
Stupid Amelicans you China betch now.
It is REALLY gonna suck when we get stuck with President John McCain. Having an intelligent, literate leader is worthless. We need a strong hand on the wheel!
A year ago, Senator Obama urged Sec. Paulson to pay attention to the coming subprime mortgage mess:
Seeing Obama debate McCain would be so enjoyable.
@5 It'll happen soon enough.
@5, that would be the most enjoyable series of debates ever. I'm sure Obama would make McCain look dumb.
I wonder if he memorized this speech, like he did for his speech on race, or if he's reading a teleprompter.
I haven't heard a politician give a speech on something so high level and difficult to explain in such a long long time. Financial and economical issues are so hard to explain at a basic level, yet he can pull it off.
So Obama is a brilliant, thoughtful, wise, and eloquent man. Yeah, yeah, yeah, OK already, Jonathan. We get it!
This is precisely why it never should have come to this. Obama should be disqualified for the presidency out of hand. The man embodies four of the things we Americans fear the most:
From Nicholas Kristof in Sunday's NY Times:
President Bush is also the only Western leader I know of who doesn’t believe in evolution, saying “the jury is still out.” No word on whether he believes in little green men.
Only one American in 10 understands radiation, and only one in three has an idea of what DNA does. One in five does know that the Sun orbits the Earth ...oh, oops.
“America is now ill with a powerful mutant strain of intertwined ignorance, anti-rationalism, and anti-intellectualism,” Susan Jacoby argues in a new book, “The Age of American Unreason.” She blames a culture of “infotainment,” sound bites, fundamentalist religion and ideological rigidity for impairing thoughtful debate about national policies.
Oh, and if one of you Obamatons mentions that Lincoln also gave a speech at Cooper Union, I'm going to personally come over and smack you upside the head.
nice to see Obama talking about the New Deal unashamedly and positively. I hope he can take the right wing criticism/hatred with as much grace and humor as FDR did, for which see his 'I welcome their hatred' speech or the 'Fala' speech
Ah, an intelligent, well-spoken politician. Pinch me.
No hillaretards on this post yet. Must be watching Days Of Our Lives.
@8
Neither let us be slandered from our duty by false accusations against us, nor frightened from it by menaces of destruction to the Government nor of dungeons to ourselves. Let us have faith that right makes right, and in that faith, let us, to the end, dare to do our duty as we understand it.
I have to say it again: This is what happens when you take a real life President (FDR) and he has a love child with a fictional President (Jed Bartlett) and have the resulting genetic mix carried full term in a strong black woman: You have Barack Obama.
And yes, I am gushing with excitement!!!
* ...that right makes might...
Cressona@8
It's hard to take that the GE will be decided with the help of dumber than dirt voters who think "Obama's a Muslim". :(
@8 -
I hate word number two.
That word, all by itself, is fuckin racist as hell and I wish we could wipe it right out of the language like a bad linguini stain on linoleum.....
In other news, Hillamonster's up to her tits in predatory lenders.
http://www.newsday.com/news/nationworld/ny-ushill305631627mar30,0,3896712,print.story
I am really looking forward to the death of her campaign.
Wow. I wonder if O's republican supporters know how progressive he is or at least is presenting himself to be.
I have always prefered him over HRC, but was never an Obama Zombie, but for a future president to explain the market and to call into question the complete enmacipation of the market is truly revolutionary as far as electoral politics go.
I have no doubt that he will be our nominee.
@17, He needs to dumb down that speech for middle America. Not everyone understands the economy even at a high school level.
If I was high school Econ teacher teaching a class full of graduating seniors who are voting this year, I'd require that they study that speech and do group projects on the topics presented in that speech.
Sounds like BaRon Paulbama.
@8 - Despite the sensationalist news coverage of Rev. Wright, et. al., race does not seem to be hurting Obama nearly as much as one might expect. On the contrary, dealing with the issue of race has done more to reveal Obama's leadership potential than anything else to date - just look at what has happened to his poll numbers since the race speech.
Anti-intellectualism may actually be the larger problem for him. But I think that Will @1 is right. Obama has an unusual gift for explaining complex ideas in a way that makes sense; he doesn't come off as an ivory-tower intellectual in the way that say, Kerry or Gore did.
I think the problem is not so much with candidates who are too smart; it's with candidates who can't explain their ideas in an accessible way. Bush and Co. have had really stupid ideas. But they've done a great job of selling them.
This guy really needs to be president. Even if not this time around, then the next, or the one after that.
I hope every Clinton voter who talks about Obama's "lack of specifics" gets a chance to read this.
Hey Erica, what's Hillary's economic dissection of the current national situation and how we got there? Linky link?
Also compare with McCain who not only knows dick about economics but also admits it freely.
Macro 101 won me over on Keynes. When you bring in all the variables, and do the math, it all seems to come down to the same, painfully simple model. One starts to think that all other economic theories have been bullshit designed to keep economists employed.
This is part of what I've been saying; regulation has failed because regulators were unwilling or unable to do anything regulatory about it. This all comes back to who is appointing the regulators, the people in charge of the Fed etc etc. This is what I like about Obama; I don't get the feeling he will let Bernanke to remain as Chairman, nor will he appoint halfwits who don't take their job seriously or just look the other way.
I also think that you can't rely on government regulation if the system is so wholly compromised by Wall Street lobby money. The commies on this board can talk about how free markets blow because they arent self regulating, but I ask them "when has the government ever gotten balls to do anything except in extreme circumstances?" Why trust the government to do something right when they corrupted by what they are supposed to regulate?
The whole "New Deal Revisionism" is pretty hilarious as is Keynesian revisionism. Many of the particulars may have been necessary for the time and place, but look at the current budget problems of our national, state and local governments. I would argue that many of these problems are not only due to undertaxation but also due to an overspending to stimulate local economies as Keynesian Theory would dictate; pork projects. Or the refusual to adjust SS to reflect and adjust to the expected age of mortality for pensioners.
My hope is Obama can be the one that will not only rectify many of the problems in enforcing regulations on business that exist but also help reform government and many of the popular but destructive programs that subvert government's ability to act.
@K, every school of economics has something valuable to contribute to economic thought. It is when one school has monopoly on the thought of people regulating or deregulating the government that we run into problems.
The problem with Keynesian thought alone is that pretty much everything about the Phillips Curve and Keynesian thought was thrown for a loop in the early 70s.
This is the same reason why certain trading methods may work in steady markets but volatility throws the computers into fits.
"There are basically five stages in Minsky’s model of the credit cycle: displacement, boom, euphoria, profit taking, and panic."
I expect obamania will trace the same dynamic arc.
Shorter Obama: Deregulation is bad, and regulation is bad, and specifics are bad, m'kay?
Consult Krugman on HRC v BHO in this regard.
after obama's race speech, people said that it was too intellectual for general consumption which is implicitly saying that people won't support someone who says things that they don't understand. in other words, people are dumb and they will only vote for dumb people.
but look at the polls. obama got a bounce.
not only did his nuanced and smart speech on race not hurt him, it helped him.
how anyone can argue, after 8 years of bush, that people don't want a president who is smart (and smarter than them) is beyond me.
i want someone who is on top of this shit. i don't want to listen to a speech given by the president and feel like i'm listening to a 5th grade book report.
these kinds of speeches can do nothing but help obama. incompetance in government really sticks in the public's craw. iraq. katrina. all that stuff. coming off as smart and having a plan is a good thing, not a bad thing.
Cressona, were you aware that Abe Lincoln, former President, also gave a powerful speech at that very same Cooper Union?
Fnarf @28, thank you so much for that invaluable piece of information.
RonK @26: Consult Krugman on HRC v BHO in this regard.
I believe Paul Krugman is the poster child for what supporting Hillary can do for otherwise rational men.
It's remarkable the lengths Krugman goes to to back up Hills. I mean, you never hear him mention that five-year freeze on adjustable mortgage rates that she's proposing. Is there any economist supporting that one with a straight face? I guess Krugman's thinking is, if it's indefensible, then just don't mention it.
@ 18 That would be a nice lofty goal, however it is unlikely that many econ teachers at the high school level understood half of what he was saying themselves....
I have read and reread the quoted part of the speech. There's no proposed action. Yes deregulation got us into this- now what?
It's not enough to be articulate. You have to have a plan.
Maybe UnPC can tell us if she agrees with her co-blogger and thinks Obama going back to the plantation will solve the subprime crisis.
Christopher Hitchens rips Hillary yet another one. She must have at least 6 assholes by now (not including her husband).
http://www.slate.com/id/2187780
Why is the MSM going so easy on her?
http://www.slate.com/id/2187780
You can't run away from the truth about the Hillamonster.
Man, the posting is slow.
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