October 29th, 2008Geldpress Endorsement For Obama - Barely
The number one issue facing America today is the economy. We need a new leader that will work to steer our ecomony in the right direction, enforce fiscal discipline, and work to resolve the underlying problems that caused the chaos in the financial sector. Sure, there are other issues - position on abortion, civil rights, immigration, health care, Iraq, privacy, taxes, education, etc. But they all stand a distant second to the number one issue on the economy. If we do not fix our economy, then you can forget about every other issue on the table, because there will be no money left.
2008 has proven a very difficult year for endorsing a presidential candidate. On the republican side, you have John McCain, the very kind hearted, but unfortunately economically illiterate man, and Sarah Palin, the housewife from Alaska that just spent $159,000 in campaign money on her new sexy wardrobe. And what about Sarah Palin’s position on the economy and the $700 billion wall street bailout? In the video below, she mentions that she is still unsure about her position.
On the democratic side, you have Obama and Biden, magnitudes more intelligent then either McCain or Palin, and without a doubt more fit to lead this country then their republican contenders. They are both top notch public speakers and leadership comes natural to both of them. They answer rapid fire and often difficult questions from the media directly and without hesitation. That is exactly the kind of public speaking we need in front of the international media to help stem the influx of criticism still reigning from two Bush terms. What are Obama’s view on the bailout? Watch this short video of him responding to Paulson’s initial 3 page $700 billion bailout bill. His thoughts are well organized and clearly communicated.
What about the third party candidates? - I’m as sickened as anyone that 3rd party candidates are intentionally ignored from the media and not invited to national debates. But that should not stop us from researching those candidates on our own. Bobb Barr and Wayne Root are the libertarian candidats running for office. There is an interesting video of Bobb Barr on youtube, where he refers to 10 year old warnings on the coming financial crisis. But similar to McCain, I question the logic of Bobb Barr’s choice of running mate, a sports handicapper, and Vegas gambler:
The King of Vegas’ Guide to Gambling: How to Win Big at POKER, Casino Gambling & Life!The Zen of Gambling updated by Wayne Allyn Root
Ralph Nader and Matt Gonzalez are also running as part of the the consumer advocate party. I commend Nader’s hard line view on the bailout, and his pursuit of fiscal discipline. But his public speaking skills are lacking, and both him and Gonzalez lack the experience to run this great country. As for the other third party candidates, you can see the entire list here.
What about the Obama endorsement? - In the words of John McCain himself, Barack Obama is a “decent person and a person that you do not have to be scared of as president of the United States.” I completely agree with McCain, but that does not mean I’m completely encouraged by the thought of an Obama presidency. There is one sticking point that I can not get beyond with Obama, and that is his call for a foreclosure moratorium. This is where Obama and I have fundamental differences. Obama wants to use taxpayer money to pay down the principal of overpriced American homes. I want those homes to be foreclosed and I want the market to reset their prices to reasonable and affordable levels. Obama does not want to see former “homeowners” living on the street. I want those “homeowners” living in apartments. I think of that family of 4 struggling to buy food because of the burden of their $4,000 mortgage payment. I want that family to realize the gain of $2,000-$3,000 in additional monthly cash flow when they save that much money by living in an apartment.
The Obama endorsement (barely) - Geldpress endorses Barack Obama and Joe Biden as the democratic ticket of choice in the 2008 presidential election. We do so freely and not from bribes, torture or threats. The choices were limited. We searched long and hard for viable third party candidates but could not find one. In the end, we came back to the two party system and started the elimination round. McCain and Palin were the first to be eliminated, leaving Obama and Biden as our endorsed candidates (barely) for president and vice-president of the United States.
God bless America! (We need it)