October 29, eh?

lambert's picture

McClatchy:

Barack Obama is buying a half-hour slot on television networks in prime time on Oct. 29, the anniversary of Black Tuesday of 1929, when panic in the stock markets set in ahead of the Great Depression.

Obama, leaving a campaign stop in a diner in Georgetown, Ohio, on Thursday evening, declined to say whether he planned to address the current economic crisis in the context of the depression.

He wouldn’t talk about the nature of the programming, saying, “We’re going to be talking about it tomorrow.”

The crisis has given Obama a lead in national polls, and state-by-state polls suggest he is within a few votes of a having a majority in the Electoral College, if the balloting were held today.

Well, good, I suppose. For one thing, maybe the prospect of Obama addressing the nation, instead of Bush (gawd help us), will provide some relief, however unfounded, from the fear besetting Wall Street. (Whether it will provide any relief from the greed of bankers is another question entirely.)

For another, Obama's got 19 days to figure out what to say. Could we have some boring bullet points about policy, please? Even those of us who've been thrown under the bus?

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pie's picture

Hmmm. I got an email from my friend

who's a true believer this morning about Obama's plan to save us from the great financial crisis of the 21st century - something about the formation of a Civilian Conservation Corps-type program. It was from a post at DU, and the poster was just effusive in his praise for this bold idea.

Now I know everyone's been talking about such a program for a long time, so this isn't new. The devil is in the details, as usual.

Maybe those details will be forthcoming. Next step? Implementation.

lambert's picture

Link or quote?

I wonder if that's an echo chamber distortion for the Civilian National Security Force idea -- which is for abroad, not here.

[ ] Very tepidly voting for Obama [ ] ?????. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.

First they ignore you, then they ridicule you, then they fight you, then you win. -- Mahatma Gandhi

elixir's picture

Highjacking this comment to ask for a post on Acorn. Please.

Ah, where were these folks back in January? I think we'd have a different democratic nominee if they'd vigilant about voter fraud back then.

http://www.cnn.com/2008/POLITICS/10/09/a...

I love this job!

I love this job!

lambert's picture

Er, you don't need to ask...

... because you can do it yourself. IIRC, the NV indictments were brought by Democrats, which makes it interesting.

[ ] Very tepidly voting for Obama [ ] ?????. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.

First they ignore you, then they ridicule you, then they fight you, then you win. -- Mahatma Gandhi

TheMomCat's picture

Speaking of Bush Speaking

I watched Bush's address on the state of the economy the AM with the sound off. CNN had the Stock numbers in the corner of the screen. As Bush spoke the numbers kept dropping. Could someone just lock this guy in a closet until Jan 20 at noon?

pie's picture

I deleted the email.

Whoops. No link. Sorry. I even went there to try to find it. Good grief.

Boy, those people are, um, prolific.

pie's picture

I found it!

Here.

It's from a WaPo article.

The newest element of his proposal was the establishment of a National Infrastructure Reinvestment Bank, which would spend $60 billion over a decade to rebuild deteriorating roads, bridges and waterways. Obama said the spending would generate 2 million new jobs, many of them in a construction industry that has been hard hit by the housing market downturn.

lambert's picture

Well, that doesn't sound so bad...

... although, as usual, the devil is in the details. Worst case scenario: "Public private partnership...

[ ] Very tepidly voting for Obama [ ] ?????. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.

First they ignore you, then they ridicule you, then they fight you, then you win. -- Mahatma Gandhi

pie's picture

Devil's in the details and

implementation. The creation of 2,000,000 new jobs is certainly attractive, but Michigan alone has lost over 400,000 jobs since 2002, mostly in auto industry and related fields (according to a recent article in Crain's Detroit).

Bring back some manufacturing jobs. Hubbie thinks thi will happen as China becomes less attractive; iow, the cost of doing business becomes greater. From talking to manufacturing people around the state, he thinks it's already happening.

Something's gotta give.

amberglow's picture

they won't let him spend billions on anything except

for approved Village projects-- like war, spying, and unaccountable Pentagon projects that don't work.

goldberry's picture

$60 billion for infrastructure? That's peanuts

Especially if it's over a fricking *decade*. Man-o-man, we really have our priorities screwed up. We've spent nearly a trillion buckaroos on Iraq in the past 5 years and all we get for infrastructure is a lousy $6 billion a year.
What we need to hear is a real reorganization of how we will run our country. Obama is coming up short.
Come together at The Confluence

Come together at The Confluence

amberglow's picture

doesn't this dare McCain to spend on a 1/2 hour too?

don't the networks have to offer McCain the option of a 1/2 hour if he wants?

Sarah's picture

Amberglow, they don't *have* to since the demise of

the Equal Time rule. If he *wants* to buy a half-hour, he can. (If I was a network guy, I'd want the payment in cash.)


We can admit that we’re killers … but we’re not going to kill today. That’s all it takes! ~ Captain James T. Kirk, Stardate 3193.0

1 John 4:18

amberglow's picture

ahh--i thought the networks were under diff rules

than cable and the rest....

Sarah's picture

Amberglow, used to be; not so much since Raygun's dayz N/T

We can admit that we're killers ... but we're not going to kill today. That's all it takes! Knowing that we're not going to kill today! ~ Captain James T. Kirk, Stardate 3193.0


We can admit that we’re killers … but we’re not going to kill today. That’s all it takes! ~ Captain James T. Kirk, Stardate 3193.0

1 John 4:18

amberglow's picture

i thought bec the networks are still public airwaves,

they're subject to stuff even tho equal time is gone.

Damon's picture

Isn't there something unseemly...

about exploiting Black Tuesday, or is that feeling considered just picky, now? I feel another Philadelphia race speech-type dealy coming on.

But, we've always been at war with Eastasia...

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