Obama on Bush-McCain Economics

THE BUSH LEGACY: HYPERINFLATION?

Here is a look at the Federal Reserve balance sheet, essentially a measure of how much money is being printed, since 1996. See that huge vertical line at the end? That's the last two weeks.

In the words of Lance Lewis, one of the terrific market commentators over at Minyanville, "If that's not what hyperinflation looks like, then I'm a leprechaun."

NOW IS THE TIME: OBAMA MUST PROVE ECONOMIC LEADERSHIP

(866) 675-2008. Demand that these

• Executives of companies who seek government assistance should forfeit performance bonuses and "golden parachute" severance packages until the companies are stable enough to repurchase the "toxic" assets.
  
• Asset purchases by the U.S. Treasury must absolutely be subject to review by the courts.
• Government assistance should be limited only to those companies headquartered in the U.S.
  

Forward this to any other supporters you know. Obama may have a comfortable lead over McCain on economic issues, but this is an opportunity for him to demonstrate true economic stewardship. The stakes could not be higher. Every one of Obama's ambitious policy plans, from tax relief to health care to public education, is contingent on a healthy federal budget. A $700 billion bailout for Wall Street would be the sort of budget buster that could cripple the Obama administration well into his second term.

Click below for Barack Obama's blueprint for changing the economy. It's a good start, but now is the time for more than tough rhetoric.

VOTERS TURN TO OBAMA DURING ECONOMIC STORM

Barack Obama has surged to a 5 point lead over John McCain in the latest Gallup Daily poll. Following one of the most volatile weeks in Wall Street history, voters clearly doubt McCain's ability to steer the U.S. economy toward a recovery.

Legislators will meet next week to push through a multi-pronged government rescue effort aimed at calming markets and restoring investor confidence.

In the meantime, the Republican administration has essentially put free-market capitalism on a time out, bringing billions of dollars of private enterprise onto the U.S. balance sheet, and outlawing short sales of financial companies.

We'll see next week if this last-gasp effort on behalf of regulators helps soothe the markets.

OBAMA ON THE ECONOMIC CRISIS

Listen to Barack Obama speak at length on the U.S. economy.

Meanwhile, McCain flip-flops on bedrock Republican economic principals.

Do you feel better of now than you did eight years ago?

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McCain Economics: Protest at Town Hall in Warren, MI