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  • Obama, what a disgrace he is.

    To have as an American president, an incompetent, former coke head & "community agitator" with a marxist ideology. It's embarrassing & dangerous.

  • hi

  • Capitalism is great. But corpotarism that america is under is quite bad. I mean in capitalism shareholders are the bosses & things are generally great. But in corpotarism everything goes for corporations and they have overcrossed the state. As in US. Though if they could get rid of that & put a police or something to watch the corporations then US would work quite well i think.

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  • @DeviaPeregrinus This word antichrist has no meaning, the word you want to use is satan, and your accusations are incorrect also, its michele who is a close relative to satan.

  • OBAMA-ELITIST LIAR and FRAUD.

  • @Montalto2008 nothing but a bitter sore loser mcsame,palin, bush supporter. cry baby.

  • I dont see how anybody could possibly think obama is doing a good job right now, you all did know that the request went out from the whitehouse that anybody who opposes this health bill thing could be reported to the whitehouse and arrested right, this isnt democracy anymore, Fuck obama,sotamayor and ayone who suports him or his office at the capital he IS NOT FOR DEMOCRACY he is for a Socialist ran goverment, both the candidates sucked

  • 歐巴馬閣下這點值得學習,空軍一號使人民產生好奇心,宣傳力也更­加。

    God bless you.

  • the only thing challenging our nation is this socialist president we have. go back to kenya or iran where you can form your peoples army and run like a dictator. I have been around for many presidents and you are the worst . you suck and we can't afford you and you are so full of shit ....nothing but lies,lies,lies hope you lefties are happy watching our country being destroyed by this socialist.

  • wow Obama has only been in office for a few months and your already calling him the worst President ever? at least give the man a chance, he's dealing a world depression, three wars aboard, and several wars at home. Further, many country's that have dictators were democracies before. Germans voted in the Nazi Party, Rome was a Republic before Ceaser and America was a liberal democracy with many freedoms before Bush.

  • He didn't mention meat. They are worse than cars.

  • reminds me of red alert.

  • obamaobamaobamaobama

  • ever hear of a company called NCNB?

    North Carolina National Bank was a small state bank in the 1980's, but when the Reagan/Bush group realized they had to bail out the Savings & loans NCNB was one of the first ones to step forward and take a Texas Savings & loan over from the Federal Deposit Insurance Company for 10 cents on the dollar.

    That hooked them on acquistions and

    today after taking the name of one of

    their acquistions they are Bank of American.

  • And your ultimate point is.........?

  • Sometimes I wonder how he could have been the fastest swimmer. The rest most have been more like Biden and Nancy...

  • Added video conference after 9/11 huh?

  • stompin in my air force one.

  • Stop taking out loans, stop doing anything that will get you into debt. Don't ever spend what you don't have. The problems aren't just their fault it's ours as well.

  • How does working lockstep with other countries as each of us print money for stimulus and take guardianship of privately troubled assets mitigate the global economy's predicament? How can we be assured against the potential hazards these measures suggest? Fear and uncertainty has yet to be mitigated from governments action when the questions of inflation, future taxes and other long term concerns overshadow the short term ones. How are we better off in the long run?

  • One more thing. Dont be going around hanging out with the Communist fools

    Get real obama

  • You wont to stop a nuclear threat.......well secure the borders. One more time SECURE THE BORDERS. That is the most important thing you can do right now.

  • Obama secure the borders and give more jobs to AMERICANS not to thes Illegals STOP handing out walfare Like fing candy!!!!

  • " Cars in bosten and bejing are melting ice caps in the artic "-Obama

    Dude come on now i'm 19 and I know thats all bs. Get real Obama.

  • Seriously, I thought propoganda like this only existed in places like China and Russia. This is rediculus.

  • ARMEGEDON!!!!

  • you're shitting me he's pulling the terrorist card?

    fucking illuminati piece of shit

  • wewt air force 1?

  • Feel the same way. Glad the bushit is gone out ofthe picture. In truly hope that our hopeful Obama will not be another bullshit. He is doing just the opposite of what he promised to do for America.

  • please don't reproduce.

  • learn to fucking spell please you have made me dumber by reading this

  • I wonder if this comment would be edited because of my name.

  • 4:20 smoke blunts~!

  • Why do I suspect that the economic down turn is being orchestrated purposely in order to make people desperate, so that the Gov. can take more control?

  • because you're a dumbass

  • Presidential address from Air Force One...

  • So many arguments in the comments of these speeches. But I guess that is what America is about, difference of opinion? Right.

    To left winged and you have government controlled communism, w/no motivation.

    To conservative and you have Money hungry dictatorship, with no progression.

    USA and EU have a good blend, not perfect because individuals still suffer in both, but it is better then it has been in the past. I believe President Obama is doing his best, which is all I want from him.

  • Does it really cost that much to keep pot illegal?

    The US Federal Government Spends More Than $12 Billion Per Year on Drug Control Programs

    US Marijuana Crop Estimated to Be Worth Over $35 Billion

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  • Another redneck retard that makes an assumption that I'm not an american. Newsflash asshole, I'm an american citizen, and I'm abroad for reasons that are none of your fucking business. Don't think I don't follow what's going in the US. Don't think I won't be back. I am sick of people running a democratically elected president into the ground. Know this, if there is ever a civil war between your side and Obama's side, I will gladly kill as many of you as possible.

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  • I'll tell you what. W'ell do an experiement. If your fuckin magic man can stop me from shooting you, then jesus is lord. If not, you're a dead sack of shit.

  • Not a threat, its a promise. You're a shriveled up old piece of shit. I will end you.

  • Its hard to contain one's anger when a shriveld up old nutsack racist like yourself tries to smear someone like Obama, who's trying to make life better for the average American. I see what the Germans have (healthcare, roads, infrastructure, AN EDUCATED PUBLIC), and I'm angry when I see cocksuckers like you stopping us from building such a society. NO MORE! We will build a great american society, and you will not stop us!

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  • You're comparing an elected president to Hitler. I just want to check. You're comparing a democratically elected president to Hitler, who by the way stole the election in Germany. I'm all for the constitution, but can we make an exception in the case of popsvan. We need to kill this racist, ignorant piece of shit.

  • I haven't misspelled anything. By the way, its one word "misspelled, not miss spelled" Shithead. The way you spelled it, you are saying that the word "spelled" is an unmarried woman. If I hear you say any of this nonsense within earshot of me (comparing Obama to Hitler), I will give you a fucking attitude adjustment.

  • i dont really care about him ether but.....what are you talking about?

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  • what the fuck are you talkin about?

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  • No, you're the retard smearing a person who has given no indication that he wants to build a fascist state. People like you are just pissed off because you lost. Guess what? Losing is supposed to suck. I'm glad you lost, FUCK YOU!

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  • Why are we all arguing like this? I am not a Christian, but if you believe in Jesus, do you think he would want us all bickering with each other? Do you think he would want us to belittle our President, who has forever altered his life and taken on what is probably the hardest job in the nation? Don't you think that he, instead, would like us to show respect to each other, even just on the internet? Don't you think we should wish our President health, strength and wisdom instead?

  • To all you good pseudo-CHRISTIANS out there criticizing President Hopebama for showing respect & humility---do you not REMEMBER your own LEADER---the GREATEST MAN to ever walked this earth---who in total humility---BOWED DOWN and washed the feet of HIS APOSTLES??

    If JESUS your Christian LEADER can show humility in HIS message of Love & Peace---WHO ARE YOU--- to criticize the good, respectful & humble man who presides over the USA ??

    HYPOCRITES ... You all FAILED to follow in HIS example.

  • Hey librophile , We know " your Obama " who is " your Jesus , Messiah , Savior....etc. We hope you American should become his follower _ forever_ Amen

    The more he bows the more People in the world will live in peace and happy no more cowboy Taxas

    Obama is the Greatest Man that should be a model for all Americans

  • Fucking moron!

  • Jesus never existed, there's no evidence that he did appart fromt he bible. Its a fairy tale. The apostles were all charleten liars and business men. Follow that? Fuck no. I don't need to follow the immoral teachings of the so-called Jesus. What is that? Don't care about this world? Take no thought for tomorrow? Throw my repsonsibility onto someone else? Immoral. Furthermore, get used to it. President Obama was elected. Your facist theocratic side lost. DEAL WITH IT!

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  • So what, like you're saying Earth is warming up because we're keeping up with the Joneses?

  • While this is true, we're ignoring other factors. For example: Venus experienced a runaway greenhouse effect as the Sun gradually heated up. The young Sun was dimmer than the present-day Sun by 30 %. Over the last 4,000 million yrs, it gradually brightened. Meanwhile, Venus's surface water evaporated and entered the atmosphere. Water vapour is a powerful greenhouse gas and it caused venus to heat-up even more. This in turn caused more water to evaporate more ("the runaway greenhouse effect")

  • 60% You have got to be fucking JOKING!! Try 99% of scientists that have confirmed that this is human caused. Flush out your fuckin head!

  • Have you guys seen the Wahabi Quran?

    Watch this video:

    watch?v=Dwl-5toC2bI

    Copy and paste the above text into the search box on the top of this page.

  • Wow! I am so impressed by this! The G in Chief!

  • It's wonderful to have a leader who's not a cowboy but a diplomat.

  • Hey musicdivinemusic , that ' s not only you Bazilian feel happy when Obama became the President of U.S.A. , but a lot of country in the world .

    The most happy day , not only for you Brazilian , but for all the people in the world , that 's Obama bows to Saudi King and Obama said : America and American people are an arrogance _ and Eric Holder said : America is a nation of cowards

    No more " cowboy Taxas "

    This time he bows on the bended knee

    The CHANGE we can believe in.....and HOPE ....

  • .....Next time Obama will bows and Knee Down to every leader of every country in the world

  • @musicdivinemusic Leader? he is not the leader of the usa this is a mere ilision brought on by your low intelligence.

    And noone in politics actually care for you or the population who like to think there votes count, so why lie to yourself when really you know this.

  • Why is the audio so bad? Obama your recordist didn't do his job well. A lot of the message is lost in static.

  • Its not static you half wit moron - He is ON A PLANE.

  • OMG. . .LMAO. . .I thought that was a urinal in the background with the presidential seal on it when the video first came up!!!! I thought God he's getting really laid back and relaxed, LOL! Anyway, it was a good laugh.

    What I really want is to help Joe Lieberman forget all about that horrrrrible campaign ;) ;P ;P ;P ;p ;p ;p

  • Set high goals and stay focused on them and little by little it will happen.  Hmm...this week jobs numbers a bit better, Wells Fargo makes a profit, the Dow crosses 8000, the Japanese leader also announces a stimulus plan...bit by bit...little by little. It's happening before your eyes Focoist911, he's making his dreams into reality. Have you planned on how you will make the good seem bad when he accomplishes those goals. You better get cracking cause this guy doesn't sleep.

  • sheeple?

    also, obvious troll

  • Go watch Obama Deception by AJ you stupid Obahaahaahaaahamaaaaaaaa sheeple fool.

    His entire premises are 9/11 and Global Warming - all known hoaxes.

  • Lol, another 9/11 conspiracy theorist, let it go........

  • Sheeple?

    Also, obvious troll.

  • I'll watch no such thing. I'm ready to fight for this man, got me? Its time to take out the fucking trash from the last 8 years of hell.

  • This is the most sickening spew I have heard this year. Disgusting filthy scum lying traitor.

  • Again, obvious troll is far too obvious.

  • "I want to see his birth certificate.."

    In which case you'll need to serve a writ of subpoena duces tecum.

  • You may not realize this but you need more than a birth certificate to run for president ;)

  • I know I was replying to some idiot demanding to see his birth certificate.

    I love the way these people think!

    "I suspect something of something, yet I have no evidence or proof, therefore it's up to them to provide the evidence to prove me wrong".

  • In which case it will not be replied cause the US is now fully controlled by foreign bankers and Obama is their little "boy", Uncle Tom, whatever you want to call him HE IS A PUPPET OF THE BANSTERS.

  • I also think it won't be replied to but for more reasonable facts. Like the existence of the Fourth Amendment to the United States constitution, but what to I know I'm just a brit.

  • I find the openness refreshing. He could have not allowed text comments here but he did. He is representing democracy well. I hope it makes hardcore Bushite republicans fell better to post here knowing that this democrat is fixing your leader's mistakes and leading the country and world to prosperity. So make some more NOISE republicans...scream, howl, curse...get it all out now so you can cry about how wrong you were when he turns things around and join us in making this world better.

  • I also appreciate the openness. This administration has revolutionized truth and accountability in the White House, and though I may not agree with all of the president's decisions, I deeply respect his administration and hope that future presidents will follow his example.

  • too right. The Administration has revolutionised paying people for their failures (deliberate failures) by giving them billions (trillions) and sending it offshore and assuring them buy superyachts and wait out the civil war they are deliberately forcing on America.

    You live in Hollywood land in your head don't you?

    But hye, this is the WHite House channel - My posts will be deleted pronto.

    Go watch Obama Deception by AJ.

  • Dear Fearless Leader (sarcasm),

    Your fear-mongering tactics don't scare me. "Global Economic Recovery"? What, going to a single currency where only the elitists get money? Forget that. I have no problem with a one-world, open-borders world government, I think that would be amazing. A one-world currency is a great idea, it's when NO ONE GETS ANY OF IT except the ELITE is where I draw the line.

  • Watch the movie 'Obama Deception'

  • "No man's life, liberty, or property is safe while the legislature is in session."

    -- Mark Twain (1866)

  • "In the beginning of a change, the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."

    -- Mark Twain

  • American people are so lucky they have a good president . His speech 's very attractive its showing up a good plan , perfect vision and using a fine words...All of thing he want to be done its just for the interest of American people . I don't why a lot of people get in " here " they want to accuse him

  • Is his speech as good as Adolf Hitler & Vladimir Lenin ?????

    Is his plan and his vision as good as Karl Marx & Vladimir Lenin ?????

    At the end do you know who is the one will sacrifice for their plan and their vision ??????

    the utopian talk , borrow & spend....etc. that's all Obama can do " Don't entrust your soul to evil "

    Obama has readed too much book of Karl Marx & Vladimir Lenin

  • But at least you guy give him a chance and the time to try it . Nerver know every thing can happen

  • some thing you don't neeed to try it and you really know what will happen , its like : you know when you put your hand on a fire your hand will get hot & burn , so why you have to try it ?

  • DEAR LEADER SPEAK TO US SAVE US CALM US GUIDE US lest we trail from your almighty path

  • Please, transparency and accountability are very important. The FED does not consist of elected officials. Congress should have the right to audit the FED, at minimum to at least know where this money is going. Congress has the right and responsibility to know. Please support the Federal Reserve Transparency Act of 2009.

  • obama = awesome

    youtube republitards = mindless fucks

  • An address from air force one. Nice move.

  • wait at least a year you brainwashed hog

  • I'm curious how you will defend your comments when this guy will actually do some good.

  • Actually what will he do good? He has done very little in the area of civil liberties and he's increased government power to an unimaginable level even that Bush didn't achieve nor wanted.

    So please, how will you defend your comments when inevitable inflation skyrockets and the economy doesn't recover as it appears Obama is taking every step that is a proven failure in the past.

    But hey, every generation needs a Jimmy Carter type failure to wake the fuck up to reality.

    The US youth sux

  • All I can tell you is that if Obama is a deceitful liar, there can be no more trust in the political system and it must be abolished. I consider Obama to be the last chance for democracy and a people's government. If this fails, if he fails and is nothing but a crook the US must "invent" a new system.

  • Obama has fooled you to the point that you want to scrap democracy??? Wow! That's funny, but sad. There's only one problem with your suggestion...WHO get's to decide the new system? Obama? Bush? Al Sharpton? Cartman? I vote for Cartman...no joke.

    Stop being a useful idiot and read a book. I'm serious...you can start tonight.

    Reading Assignment for carrierexchange: Common Sense by Thomas Paine and the

    US Constitution

    Reading out loud will help you concentrate!

    You can do it buddy!

  • "Obama has fooled"

    I said if Obama is a deceitful liar! So again, read it out loud, if Obama is nothing but a liar, the democratic process can no longer be trusted and we need something better! Read it out loud: something better! That implies getting rid of the crooks in Washington.

  • I still cant believe this man is the US president. It is too good to be true!

  • I don't drink Starbucks because it's too expensive. Transparency in the government is a good thing with a few exceptions saved for national defense.

  • I agree Mohawk. Most companies give new employees a 6 month probation period at a job but here, Obama gets crucified after only a month in office. Where I live, the stimulus grants his administration provided is ALREADY working creating new jobs and improving our infrastructure. People are so impatient expecting and demanding INSTANT results. We have a lot to learn...

  • "January - April = 1 month"? You are a moron.

  • Obama is THE right person for this job.

    It is impossible to believe that the system we have had in place since 1900 and especially since 1913 can be modified or used etc to fix the inherent genetic defects in that system.

    We are witnessing the rightful gutting of the "banker behind the curtain"system.

    The current system of the recent industrial age is absolutely intollerable. I am proud that my generation is now going to completely metamorphosize the "economic world".

    GO Obama! YA!

  • President Obama, please recognize the Armenian GENOCIDE

  • Is it another one!? or are you talking about the one that already happened?

  • He Already did recognize it.....

    watch?v=JwR83GZjwdo

  • He did. He just didn't mention it in his speech in Turkey cuz he's a diplomat.

    He actually has said, specifically, that it's historical fact.

  • what was unprecedented about the progress made in foreign relations? What's so different from the progress recently comparatively to our past situation?

  • Where did you're "send the troops back" statement, that you probably got voted to office for, go? I think you have to find it and show it to you're generals soon, cause all you have been doing lately is sending more troops down there! Not only have you done that, you've asked my country to do the same, and 95% of people here don't want more troops down there. Actually we didn't even want this war, that usa so gratefully jumped right into despite FN's recommendation's.

  • "Keynes is to economics as a witch doctor is to medicine."

    --Peter Schiff

  • Reaganomics is a farce based on low taxes and lessened government spending that has accomplished neither, and has only served to raise the national debt and encourage deficit spending.

  • I'm proud for voting for Obama and finally proud of my country after 8 embarassing,hateful years. Haters,hide and watch,fuckers:p:p ha ha ha ha ha ha ha

  • You Maverick, you.

  • "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

    -- Alexis de Tocqueville

  • How fucking stupid can you be to vote for MCCAIN/PALIN? They're the biggest fucking joke ever! McCain fought for our country, and that REAAALY Qualifies him for office! Yeah, and get the fuck out of that excuse because John Kerry was also a war hero, yeah, hmmm, can't do that.

  • "Obama seems determined to repeat every disastrous mistake of the 1930s, at home and abroad. He has already repeated Herbert Hoover's policy of raising taxes on high income earners, FDR's policy of trying to micro-manage the economy and Neville Chamberlain's policy of seeking dialogues with hostile nations while downplaying the dangers they represent..."

  • "... We seem to be moving steadily in the direction of a society where no one is responsible for what he himself did but we are all responsible for what somebody else did, either in the present or in the past.

    The famous editorial cartoonist Herblock could write as well as draw. In one of his books, he said something like: "You too can have the soothing feeling of nature's own baby-soft wool being pulled gently over your resting eyes." I think of that every time I see Barack Obama talking. ..."

  • "It has long been said that uncertainty is the hardest thing for a market to adjust to. No one can generate uncertainty as much as the government, which can change the rules in midstream or come out with some new bright idea at any time, as the current administration has already demonstrated. ..."

  • you are very right. History does repeat itself and unfortunately it seems we are moving in the same steps that led us into the depression.

  • how can we be? we're not even out of the depression yet!

    there is no historical precedence for the current state of the world.

  • Ok.... You mean the regulations that FDR put in, that kept a recession from happening, the ones that Reagen removed? The Ones that kept people from making ridiculous amounts of money, the ones that kept people for living beyond their means? I wonder what they talk about when they say "The economy is Strong" when they only look at certain things, wake up people! Moving money around "Rich Investing" Does not create wealth!

  • That was Clinton who signed that bipartisan bill repealing Glass-Steagall. And I don't see Barry and merry band of economic ignoramuses rushing to reinstate it, do you?

    Since Bernanke is a monetarist as well, printing money, pimping easy credit, and causing inflation so the gubmint can more easily afford to pay the debts it has accrued living beyond its means, and Obama is deficit spending, and encouraging Americans to consume what they cannot afford, what's Changed® exactly?

  • MacGhil: No one has the time or patience to read your long-winded manifesto. Why don't you try getting off the internet every once in a while and do something positive to help the situation instead of just replying to every friggin' comment someone makes? The other choice was McCain who did even know there was an economic crisis at hand. Give Obama a chance. you're condemning him before his plan has even had a chance to work.

  • Abroad, we are faced with powerful and unrelenting pressure which threaten freedom in every corner of the globe, and with military power so formidable that it menaces the physical survival of our own nation.

    To meet these problems will require the efforts not only of our leaders or of the Democratic Party--but the combined efforts of all of our people.;

  • No one has a right to feel that, having entrusted the tasks of government to new leaders in Washington, he can continue to pursue his private comforts unconcerned with American's challenges and dangers. For, if freedom is to survive and prosper, it will require the sacrifice, the effort and the thoughtful attention of every citizen.

  • "And we too will need to summon all the energies of our people and the capacities of our leaders if America is to remain a great and free nations -- if we are to master the opportunities of the New Frontier.

    The dimensions of out problems overwhelm the imagination. At home millions are unemployed and the growth of our economy has come to a virtual halt. "

  • I voted for Barack Obama.

    I voted for Hope & Change.

    I did not vote for "The Only Way."

  • Your answer to the current condition is to start two more wars? Bombing Iran would lead to the deaths of hundreds, if not thousands of American troops stationed in the middle east. Have you forgotten that Iran and Iraq share a border?

    The same thing would happen in Korea. Japan and South Korea (our allies) would be opened to attack and steam rolled. China and Russia may even back N Korea.

    Congrats, you would have just started WWIII. Except this time both sides would have nukes.

  • Rofl, mentions michael jackson when listing black pedophiles and forgot about a small white organization...you may have heard of it....The Roman Catholic Church.

  • lol REHEARSED !!!

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  • The new rocket the North Koreans just tested can reach Australia. Good luck with that wall.

  • Firstly I was making a joke. I hope that didn't slip past you. Secondly, the joke is that nobody really ever does anything to mess with Australia... Regardless of whether or not they have a "dong" with a big enough range to reach them. Heheh... dong.

  • Mr President, how much do you love your wife and kids? I am sure very much. As you love your family we also do. Do you know what your heroes are doing in Afghanistan? They are killing innocent children and women. How would you feel if one of those were your beloved daughter, maybe wife or friend? On behalf of those helpless people I would like to make this comment and ask you please stop killing innocent Afghans. You will never bring democracy to the country by killing those people.

  • Hamid, you convince AlQaeda to stop attacking civilians around the world, and we will convince our President to pull troops out of Afghanistan. Our Heroes don't strap a bomb to their chest and walk into a crowded market place, but they will provide aide to the wounded after the "martyr" is done. Civilians caught in the crossfire have been killed, or property damaged, but it was never our intent to cause that harm. Yet as the dust settles, our heroes will be there to help you rebuild. Will yours?

  • The only reason those people blow up themselves is because they do not have aircraft, tanks, artilleries, helicopters, battleships, missiles, or godknowswhatevers. Their families are killed, their natural resources ripped off, homes destroyed, and country torn apart. They are willing to sacrifice their own lives because that is all they have left. 9/11 killed 3000 people, but the death toll for US invasions in Iraq and Afghanistan is close to a million. That should tell you something.

  • Ok, now what percentage of those million were armed insurgents? From whats left, how many were actually killed by a US soldier, be it from a rifle or from 30.000 feet?

    I served in Iraq for 18 months. I won't tell you that in all that time a US soldier didn't kill an Iraqi civilian by mistake. It was war, it happens. What i will tell you is the total number of insurgents and civilians killed by US forces in that time was trivial compared to the number of civilians killed by their own people.

  • These are trying times, but the president should watch his health and get some rest. He's obviously suffering from a cold and sleep deprivation. Be well soon. And thanks for this message, mister president.

  • Obama,good job!!!

  • The Wall Street bailout was never about stabilizing the economy, much less fixing it. It was simply a means of insulating the banks from the consequences of their actions and the consequences that their actions have had on the economy.

    Years before the current crisis became evident, it was apparent that Washington runs for the benefit of the bankers, not the electorate. Which is why, as more and more economists are coming to realize, it simply isn't going to work.

  • MacGhil,

    If the banks had gone bankrupt, they would have gone into receivership and have been sold to new owners with new management anyway.

    What's the difference?

    With Republicans in charge of all three branches of government and with a Republican-appointed chairman of the Federal Reserve . . . the system collapsed. The banks failed.

    Now, thank God, the cavalry has arrived to clean up the mess and get the whole system back on track.

  • MacGhil,

    Your solution--allowing the banks to go bankrupt and creating a 21st-century Great Depression--is no solution at all!

    That's the -problem- that we're trying to avoid!

  • No -- a 21st-century Great Depression exactly what government is creating (just like they did in the 30s).

  • The government's official view that toxic assets are incorrectly priced due to illiquidity "fire sales" is wrong, a new study by Harvard and Princeton finance professors suggests.... This latest paper effectively demolishes the "fire sale" view. It draws three important conclusions.

  • 1) Many banks are now insolvent.

    "...many major US banks are now legitimately insolvent. This insolvency can no longer be viewed as an artifact of bank assets being marked to artificially depressed prices coming out of an illiquid market. It means that bank assets are being fairly priced at valuations that sum to less than bank liabilities."

  • 2) Supporting markets in toxic assets has no purpose other than transfering money from taxpayers to banks.

    "...any taxpayer dollars allocated to supporting these markets will simply transfer wealth to the current owners of these securities."

    3) We're making it worse.

    "...policies that attempt to prevent a widespread mark-down in the value of credit-sensitive assets are likely to only delay and perhaps even worsen the day of reckoning."

    Change®!

  • "Obama and his economic gurus all chant, "Credit is the lifeblood of the economy," but they don't mean credit. They mean debt. Imagine the president saying, "Debt is the lifeblood of our economy. We desperately need to get more American families deeper in debt." That's what he means, and that's what these bailouts hope to do."

    -- 'Bailout psychology' destroying the economy