Archive for the ‘income’ Category

Tease? Team Obama Gives Debate “Talking Points” To Media; What Will McCain Do?

October 15, 2008

Final preparations are made at the presidential debate site ... 
Final preparations are made at the presidential debate site at Hofstra University in Hempstead, New York. John McCain, needing a dramatic turnaround to his waning White House hopes, vowed to unmask his rival Barack Obama as a radical sympathizer at their third and final debate in New York Wednesday.(AFP/Getty Images/Win Mcnamee)

Politico

The Obama campaign is trying to raise the stakes for McCain by stressing that the debate may be his last chance to turn the race around, and to raise the expectation that he’ll attack.

“This is John McCain’s last chance to turn this race around and somehow convince the American people that his erratic response to this economic crisis doesn’t disqualify him from being President,” say the talking points.

And they’re continuing to drive the “erratic” message.

“John McCain has been erratic and unsteady since this crisis began — staggering from position to position and trying to change the subject away from the economy by launching false character attacks,” says the document, which is essentially a more deadpan version of Bill Burton’s pre-debate memo.

Full talking points after the jump.

Talking Points

· This is John McCain’s last chance to turn this race around and somehow convince the American people that his erratic response to this economic crisis doesn’t disqualify him from being President.

· Just this weekend the weekend, John McCain vowed to “whip Obama’s you-know-what” at the debate, and he’s indicated that he’ll be bringing up Bill Ayers to try to distract voters.

· So we know that Senator McCain will come ready to attack

Barack Obama….
Read the rest:
http://news.yahoo.com/s/politico/20081015/pl_politico/23794_1
Related:
Obama Says He Really Does Believe In “Income and Wealth Redistribution”
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Just one troubling quandry for John McCain….

 

Mike Allen
Politico

John McCain is at odds with many of his top advisers over launching a renewed attack on Barack Obama‘s ties to his long-time pastor and mentor, the Rev. Jeremiah Wright, according to campaign sources.
Alaska Gov. Sarah Palin and several top campaign officials see a sharp attack on Wright as the best — and perhaps last — chance to rattle Sen. Barack Obama (D-Ill. ) and force voters to rethink their support of him. But McCain continues to overrule them, fearing a Wright attack would smack of desperation and racism, the officials said.

With McCain unlikely to budge, GOP officials are hoping groups outside of the campaign will finance an ad attack on Obama-Wright ties. It is unclear if any conservative group has the cash to bankroll a serious effort, however.

Republican presidential candidate, Sen. John McCain, R-Ariz., ...
Republican presidential candidate, Sen. John McCain, R-Ariz., makes a campaign stop at Montgomery County Community College in Blue Bell, Pa., Tuesday, Oct. 14, 2008.(AP Photo/Carolyn Kaster)

“Wright is off the table,” said one top campaign official. “It’s all McCain. He won’t go there. His advisers would have gone there.”

Read the rest:
http://news.yahoo.com/s/politico/20081015/pl_politico/14587;_ylt=AkPRWw2LJ5790c.O3kohb_Os0NUE

Related:
Barack Obama’s Famous Friends, Associates: Hate Speech, Crimes, Fraud Incorporated
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WASHINGTON (CNN) — GOP Sen. John McCain must clearly differentiate his plan to fix the ailing economy from that of his rival Sen. Barack Obama at Wednesday night’s presidential debate if he is to shake up the race, political analysts said.

“I think what he has to to do is talk about the issues. … He’s got to talk about his economic plan,” CNN senior political analyst Gloria Borger said. “Yes, he’s got to convince voters that he’s got the judgment to be president, but he’s also got to convince voters to like him.”

Sens. Barack Obama and John McCain sparred about domestic policy during their second presidential debate.

Above: Sens. Barack Obama and John McCain sparred about domestic
policy during their second presidential debate.

The third and final debate, taking place at Hofstra University in Hempstead, New York, at 9 p.m. ET, may be the last time the Republican presidential candidate may be able turn the race to his favor before Election Day, now less than three weeks away.

The 90-minute face-off, which will air on CNN and CNN.com, will undoubtedly focus on the economic crisis plaguing the country.

CNN political editor Mark Preston said the debate will likely be McCain’s “last chance to reach tens of millions of people with his vision for America.”

“He needs a game-changer,” Preston said.

Read the rest:
http://www.cnn.com/2008/POLITICS/10/15/presidential.debate/index.html?section=cnn_latest
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By CHRISTOPHER WILLS, Associated Press Writer

TOLEDO, Ohio – Republican John McCain is looking to turnaround his fortunes in the final presidential debate with Democrat Barack Obama, a forum focused on pocketbook issues and domestic policy Wednesday night.

Both candidates released proposals this week designed to boost the economy as financial institutions wobble and voters feel the pinch of a faltering economy. The debate is at Hofstra University in Hempstead, N.Y., with the candidates seated at a table with moderator Bob Schieffer of CBS.

With the economic crisis fueling public unease, Obama has built leads nationally and in key states as the turmoil has returned the nation’s focus to the policies of the unpopular President Bush. The burden now is on McCain to try to reverse his slide.

To that end, the Arizona senator took a new approach this week, positioning himself as a fighter for the American middle class and easing off his most direct attacks on Obama, an Illinois senator. McCain also took pains to separate himself from Bush.

“We cannot spend the next four years as we have spent much of the last eight: waiting for our luck to change. … As president I intend to act, quickly and decisively,” McCain said Tuesday in battleground Pennsylvania.

He announced a $52.5 billion economic plan Tuesday that calls for halving the tax rate on capital gains and reducing the tax on withdrawals from retirement accounts, among other measures. A day earlier, Obama unveiled a $60 billion proposal that includes an extension of unemployment benefits, a 90-day freeze on home foreclosures, penalty-free withdrawals from retirement funds and a $3,000 tax credit for each new job.

Both candidates call for doing away with the tax on unemployment benefits.
McCain has suggested that he is likely to bring up Obama’s links to William Ayers, a radical during the Vietnam War era. Ayers was a member of the violent Weather Underground group but later became a university professor in Chicago and an expert on education. He and Obama both worked with some of the same charity foundations in Chicago, and Ayers hosted a reception for Obama when he first ran for the Illinois state Senate.

Read the rest:
http://news.yahoo.com/s/ap/20081015/ap_on_el_pr/presi
dential_debate;_ylt=Ani.AQbuYEOmHVlQlchoDwes0NUE

China Announces Land Policy Aimed at Promoting Income Growth in Countryside

October 13, 2008

BEIJING — Chinese leaders said Sunday that they would adopt a rural growth policy aimed at vastly increasing the income of China’s hundreds of millions of farmers by the year 2020, setting in motion what could be the nation’s biggest economic reform in years.

The new policy is intended to stimulate market-driven economic growth in the countryside and to narrow the enormous income disparity between rural and urban Chinese, one of the largest such gaps in the world. Its adoption is another significant step away from the system of communal farming and collectivization put in place under Mao.

Above: Chinese farmer works veggies in western China. (Photo: Reuters)

The announcement, made through reports in state news organizations on Sunday night, came at the end of the Communist Party’s annual four-day planning session. The reports did not give details of the reform, nor did they say when the plan would take effect. Policy decisions made at the planning session are often given pro forma approval by the National People’s Congress in an annual meeting the following March before details are unveiled and implementation begins.

Scholars and government advisers said in interviews during the four-day session that the new policy would allow China’s more than 800 million peasants to engage in the unrestricted trade or sale of land-use contracts, good for decades, that are given to them by the government. Adopting such a system would be a significant move toward privatization.

Since early October, state news media have run stories extolling the virtues of a system in which farmers would be able to trade, purchase or sell their land rights.

State news reports on Sunday night described the rural reform package in general terms, but said that a new land management system would be put in place. A draft of the new policy that had been written up by the Central Committee began….

Read the rest:
http://www.nytimes.com/2008/10/13/world/asia/13china.html?em

Bill Clinton profits from company tied to felon, China

March 7, 2008

By Jim McElhatton
The Washington Times
March 7, 2008

The spring before his wife began her White House campaign, former President Bill Clinton earned $700,000 for his foundation by selling stock that he had been given from an Internet search company that was co-founded by a convicted felon and backed by the Chinese government, public records show.
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Mr. Clinton had gotten the nonpublicly traded stock from Accoona Corp. back in 2004 as a gift for giving a speech at a company event. He landed the windfall by selling the 200,000 shares to an undisclosed buyer in May 2006, commanding $3.50 a share at a time when the company was reporting millions of dollars of losses, according to interviews.
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A spokesman for the William J. Clinton Foundation declined to identify the buyer who was willing to pay so much for a struggling company’s stock, saying only that….

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http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20080307/NATION/15653289/1001

Bush Admits Economy Faces Challenges

January 8, 2008
January 8, 2008
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CHICAGO — President Bush, in a marked shift from his usual upbeat economic assessments, conceded here on Monday that the nation faces “economic challenges” due to rising oil prices, the home mortgage crisis and a weakening job market.“We cannot take growth for granted,” Mr. Bush said in a speech to a group of business leaders in which he acknowledged that “recent economic indicators have become increasingly mixed.”But even after a government report on Friday that showed unemployment jumped to 5 percent last month from 4.7 percent in November, Mr. Bush stopped short of warning that the nation may be about to enter a recession.Read the rest:
 http://www.nytimes.com/2008/01/08/business/08bush.html?_r=1&hp&oref=slogin

Related:

The Economy is Slowing, Losing Altitude

U.S. Economy: Storm Warning

Making Cents of Our Economy

U.S. Economy: Dark News

2008.

The dollar fell Friday as a disappointing US payrolls survey ...

China falls for Christmas — at least in its stores

December 23, 2007
By Simon Rabinovitch

BEIJING (Reuters) – China‘s shopping malls in late December leave little doubt that the country has been smitten by Christmas, if not in quite the way devout Christians might hope.

Christmas has secured a spot on the Chinese calendar as a cherished excuse to buy, buy, buy. And while Christianity is indeed spreading in the officially atheist country, many shoppers have only a faint idea of the holiday’s religious connection.

But their manner of celebration is sure to win the blessing of at least one group: economists.

Read the rest:
http://news.yahoo.com/s/nm/20071223/lf_nm/china_christmas_shopping_dc_2