I watched the debate...and it was interesting however; McCain started to do some mud slinging and saying things honestly I felt that he's insecure about the polls in favor of Obama. One of the questions was that who would they vote in place of Hank Paulson as Secretary Treasurer. Does this mean that Hank Paulson is stepping down? I liked that Obama stuck to the facts and his campaign..however; Obama came back with some defense in some of McCains accusations and misquoting his policies. My decision stll stands with Obama / Biden 2008.

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The elderly have already lost 20% of their retirement savings in the last year. This is just the beginning. We have to stop this financial collapse.

*Retirement accounts have lost $2 trillion so far*
Yahoo News

*Americans' retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value

Orszag indicated the fear is well-founded. Public and private pension funds and employees' private retirement savings accounts — like 401(k)'s — lost about 10 percent between the middle of 2007 and the middle of this year, and lost another 10 percent just in the past three months, he estimated.*

Thank you.

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Great political morality and a great sense of humor to boot.

Did you see how the people after the debate, they all wanted to shake Obama hand, get a picture with him and a autograph they couldn't care less about John Mccain!

America needs to stop its financial system from collapsing.

The bail out, which is 5% of our GDP, was appropriate a year ago when this financial panic was still young. We should be talking about measures as massive as World War II in %GDP and temporarily nationalizing our financial sector.

America use to have financial panics and depressions every 20 years. This is what we can expect.

1. Financial institutions collapse because people lose confidence and pull their money out at the same time.

2. This causes a massive contraction in the money supply because of the liquidation of loans.

3. This creates a rapid fall in prices. This bankrupts people throughout the economy because their property sharply declines in value but their debt remains fixed.

4. This all leads to spending contractions, bankruptcies, investment stopping, layoffs, unemployment, and hunger.


All of this happened in the Great Depression. Our economy kept contracting for four years until FDR finally stopped the bank panics. We had a huge fall in prices and unemployment hit 32% in 1933.

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