Home » depression

Colin Powell endorses Obama and Sununu yells race

Colin Powell endorses the president.

POWELL: Not only am I uncomfortable with what Governor Romney is proposing for his economic plan, I have concerns about his views on foreign policy. The governor who was speaking on Monday night at the debate was saying things that were quite different from what he said earlier so I’m not quite sure which governor Romney we would be getting with respect to foreign policy.

O’DONNELL: What concerns do you have with governor Romney’s foreign policy?

POWELL: Well it’s hard to fix it, I mean it’s a moving target, one day he has a certain strong view about staying in Afghanistan but then on Monday night he agrees with the withdrawal, the same thing in Iraq and almost every issue that was discussed on Monday night, governor Romney agreed with the president with some nuances but this is quite a different set of foreign policy views than he had earlier in the campaign and my concern which I’ve expressed previously in a public way is that sometimes I don’t sense he has thought through these issues as thoroughly as he should have and he gets advice from his campaign staff that he then has to adjust or modify as they go along.

ROSE: Are you concerned about the people that are advising governor Romney?

POWELL: I think there are some very very strong neoconservative views that are presented by the governor that I have some trouble with.

Sununu has proven that he has lost touch with reality. So he goes on CNN and says that Colin Powell’s thoughtful support of the President is hogwash. It is all about the fact that Obama is Black. If Obama was White and saved the country from a depression and had saved the auto industry and took out Bin Laden than that would have been nothing.

By |2012-10-26T06:52:36-04:00October 26th, 2012|Elections, Race|2 Comments

Obama delivers big speech

I briefly got a chance to look at Barack Obama’s speech on the economy. He isn’t president yet; nonetheless, he is urging Congress to get some work done. Working too slowly will worsen the problem. Passing a stimulus package that is too small will prolong the recession if it doesn’t lead to a depression. Congress for the first time in a long time matters. They need to get this right. 

Here’s what Steve Benen said and I agree 100%.

“I know the scale of this plan is unprecedented,” Obama said, “but so is the severity of our situation. We have already tried the wait-and-see approach to our problems, and it is the same approach that helped lead us to this day of reckoning. That is why the time has come to build a 21st century economy in which hard work and responsibility are once again rewarded.” To that end, Obama described an ambitious vision on energy, healthcare, education, infrastructure, and closing loopholes that “allow Wall Street wrongdoers to slip through regulatory cracks.”

But here’s the part of the speech that, at least politically, was the most important:

“It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy — where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit.

“That is why we need to act boldly and act now to reverse these cycles. That’s why we need to put money in the pockets of the American people, create new jobs, and invest in our future. That’s why we need to re-start the flow of credit and restore the rules of the road that will ensure a crisis like this never happens again.”

Reagan told us that government “is the problem.” Clinton told us the “era of big government is over.” And Obama wants America to know that government is the “only” institution that’s capable of addressing an economic crisis of this severity.

For all of the talk in recent weeks about the president-elect’s ideology and partisan fealty, this speech was a reminder of the importance of government activism in a time of overwhelming challenges. And that, at its core, is an inescapably liberal message.

By |2009-01-08T13:00:33-04:00January 8th, 2009|Congress, Economy, Obama administration|Comments Off on Obama delivers big speech

The Errington Thompson Show 5/26/07

I try to snap out of my depression over the Dems caving on the Iraq funding bill.  The president knew that the Dems would cave and didn’t change his position.  He didn’t move an inch.  Why we caved isn’t clear to me.  I have no explanation unless the Dems have something up their sleeve.

Remember I’m on iTunes and several other podcasting services.

By |2012-05-08T13:59:47-04:00June 9th, 2007|Budget, Iraq, Podcasts|Comments Off on The Errington Thompson Show 5/26/07
Go to Top