Podcast: Frederick Kempe, the Wall Street Journal

Frederick Kempe, the Wall Street Journal.

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[No Fax Payday Loans - David]

Presidential Debate; It’s my proposal not yours!

On Tuesday, October 7th, In Nashville, Tennessee, the second presidential debate was held. At this Town Hall debate, economy was the most discussed topic. "The last president to raise taxes during tough times was Herbert Hoover," said John McCain, linking Barack Obama to the Depression-era president. Indeed, Mr. Obama said, "we are in the worst financial crisis since the Great Depression," but he blamed the "failed economic policies of the last eight years" that President Bush authored and Mr. McCain supported. Economy is definitely what us Americans want addressed, considering stock markets are staggering, this credit crisis has spread globally and of course, retirees have lost $2 trillion.

Voters at Tuesday’s debate at Belmont University were asking question after question about the $700 billion Wall Street bailout. People were very upset and even scared it would not work, they sought reassurance and a solution. McCain announced that as president he would immediately order the treasury secretary to start buying mortgages from owners of homes that are now worth less than they owe, avoiding foreclosures at all costs to stabilize neighborhoods. The plan would cost $300 billion – out of the $700 billion approved last week by Congress – and could add to the national debt, his aides said.

"It's my proposal, it's not Senator Obama's proposal, it's not President Bush's proposal," Mr. McCain said. Obama made no effort to rebut his statement. But after the debate, his aides pointed out that Congress already gave the Treasury the authority Mr. McCain says he would invoke, and they noted that Mr. Obama voiced support two weeks ago for direct mortgage purchases. So if it is McCain’s new proposal, why have steps been taken to buy back mortgages before he even proposed it at the debate claiming he is the only one with this idea?

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[Margrit Berger]

The world meets in Davos! Embarassing transmission!

I listened to some of the panels on the TV transmission of Swiss TV. The last one was about the women's interests and possibilities in modern society.

I wish to tell about my impression of the poor organization of this special event. When Mrs Micheline Calmy-Ray addressed the audience, there was an annoying to and fro behind her back.

One person was especially disturbing, when she lifted the curtain behind the speaker to watch the audience for almost the entire speech of Mrs Calmy-Ray. The sound of a machine could be heard - maybe a coffee machine or the dishwasher?! - Well, perhaps the right background for the discussed topic.

In the middle of the speech, a mysterious hand appeared to move the name plate in front of Mrs Calmy-Ray, the plate could be seen on the floor afterwards.

Furthermore there was no interpretation of the English speaking members for the German speaking listeners of Swiss German TV.

All in all it reminded me of a poor organized theater in a provincial village. I finally left the transmission somewhat frustrated, though I was originally very interested in the discussion.

Kind regards,
Margrit Berger