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Friday, October 31, 2008

Last votes for the lesser of two evils

Beware, I am not a good at editorials.
It seems disturbing to listen to Mccain and Palin, and Obama. I really didn't know who to vote for ( can't we write in a name for the president & vice?) I haven't really kept up with the candidates speeches, instead I have only fragments of information from only a couple of speeches and the presidential debates. Obama seems to have this smooth hero effect on his followers about saving the world by bringing the 70's back without biases and predjudices. He hopes to bring back the small town feeling of responsibility and strangely accountability to the economy as he paternally advocates change for more government and government intervention ( through socialized healthcare, tax cuts, more taxes for social security). And to top it off his last speech identifying that the crisis we are in is market related rather than govt related ( simmilar to Barney Frank's opinion).

Mccain, a prince of POW, is no better than Obama in his idea to intervene in the markets. Besides building the US up by a large ammount of military interference in places such as Iraq, Mccain wants to create a mortgage and Financial Insitutions Trust (MFI) to work with the private sector and regulators to identify institutions that are weak and fix them before they become insolvent. The MFI is an early intervention program to help financial institutions avoid bankruptcy, expensive bailouts and damage to their customers". What is McCain telling us, that we are going to prevent this institutions from collapsing? - Why if new firms can enter? ( sounds like govt failure).

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