Senator Obama talks around the economy on live television

It was interesting to listen to Senator Obama just now. He was speaking at 2:57pm, and it was televised live on cable news. Of course he was speaking in reference to the falling stock market with the Dow Jones trading down 220 points. He made absolutely no reference to AIG or the bailout made by the government.

But Senator Obama did state

‘John Mcain says he will root out the old boy network. The old boy network? In the McCain Campaign it’s called a staff meeting.’ [paraphrased due to lack of transcript]

Now that was said because Senator McCain has been in Congress for the last 22 years.

Of course Obama failed to remind the crowd that his Vice Presidential pick (Senator Joe Biden) has been in Congress for the last 26 years. He is in fact the 4th longest serving Democrat. He is as responsible for any failed economic reforms, energy policies, or whatever else Obama would like to claim along with McCain – if not more. If the old boy network is in McCain’s campaign, what the hell does Obama call the CEO of the network that is his second in command [who does not agree with Obama, nor thinks he should be President]. It would seem that if nothing else the men and women in the McCain campaign are unified – Democrats can’t say that.

Senator Obama went on to say

‘We don’t need a commission to get us out of this mess.’

Actually yes we do. The fact is that while Obama thinks he understands how this all started, he obviously doesn’t. If he did he would acknowledge that this started from the Clinton Administration. The fault started with the failure of President Bill Clinton to prevent or burst the internet bubble. Because he allowed it to happen, it led to this current crisis. In fact this is just a continuation of that original problem.

But since we can’t go back in time we have to focus on the resolution of the problem in the future. Senator Obama believes that raising taxes will resolve the problem, with the addition of creating new sources of energy without additional drilling.

Obviously he need some advice here. He is stating that he wants to take more money from companies (of all sizes) while they are scrambling to raise cash or meet loans. This is while they are receiving reduced income from sales. There is a good plan.

And he intends to make sure that companies receive less funding. All companies. But he expects that these companies will find money, obviously not from financial companies that need to lower their credit risk nor from investors that will have to pay more money on their investments and taxes, to invest into research to create alternative energy sources.

They will have to make money from thin air, to pay his higher tax rates, and increased worker costs, to lose money in developing biomass converters, wind tower generators, and advanced solar cells – none of which exist in any productive manner today. And don’t forget they need to create factories and distribution lines besides the engineering. And that is while energy costs fluctuate higher over time, further reducing every shrinking revenues.

And all this will help improve America. Obama doesn’t need a commission, or advisors to help him? I think I can give him a bit of help and it will be free. Get a calculator because the math you are doing in your head wouldn’t keep a lemonade stand running.

I wonder if he did not mention anything about AIG directly because he doesn't understand why the Government was forced to bail them out? heis comments would lead me to believe so.