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Barack Obama (Democrat)

reviewed by Loerke

Barack Obama, born August 4, 1961 in Honolulu, Hawaii, U.S. Senator from Illinois. A "draft Obama" movement began with his well-received keynote address at the 2004 Democratic National ...
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Loerke
08/16/2007

Barack Obama (Democrat) 5

With Warren Buffett hosting a fundraiser for Obama night last, and other billionaires coming to his side, Obama's credibility is on the rise. Once he learns a few good lines about foreign relations, he'll be set; no deep knowledge is necessary (vide Bush, who despite being a megamillionaire hadn't even been to Europe until a couple of years ago!). In some ways Obama would mark a truer return to Clintonian politics than Hillary herself: Obama doesn't draw intense dislike from anyone yet, and is very able at being everyone to everybody, which, far from being a sign of inauthenticity, is what most of us looking for some national unity need. As even the speculative side of our economy tanks, and angry billionaires-turned-mere-megamillionaires vow to defeat the GOP, Obama's Clinton impersonation looks better and better. I'm hardly in the wealthy class, but having lost about sixth of my IRA in the last couple of weeks, I see where the financiers' anti-GOP sentiments are coming from. I really feel for the people who are twice my age, and will now have to work many more years than they had expected....

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Victor83 commented 835 days ago.
My parents- who are Democrats by the way- lost nearly $25,000.00 when Clinton was still in office. Anyway, how is our economy "tanking"? Is it because the stock market lost a few hundred points after record highs?

Loerke commented 835 days ago.
More like two thousand points in the Dow Jones, I believe, something like 12-15% in the last 2 weeks alone. I'm sure you know it relates to the credit concerns raised by excessive homebuying, and the fact that the Fed has kept interest rates at artificial lows, triggering a massive expansion of debt. On that level, the economy is doing worse than it has since 2002, and probably not since 1979 was it looking worse than right now. The Clinton years were boom years for the virtual economy -- stocks were at record highs. It's funny, by the way, how people will keep their political affiliations despite economic hardship. My parents-in-law went bankrupt in '86 yet they are the staunchest GOP supporters you can find. They admire Reagan as much as you do, and despise Carter even though those years were prosperous for them as farm owners. Go figure.
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