Why Obama is the new Reagan

[mespock]

The dawn of this new era feels a lot like the Gipper's 'Morning in America.' But the president-elect's oratorical and inspirational powers will be tested as he guides us through the economic crisis.


dap("&PG=INVILS&AP=1089",300,250);http://digg.com/remote-submit?phase=2&url=By Jon Markman
Investors worldwide have prepared for a new chief executive of the most important country on Earth for months by shedding assets and shivering with dread -- and on Tuesday they got their man.
The new boss of the U.S. Treasury, Federal Reserve, armed forces and dollar, the new director of global trade flows, the new captain of the capitalist system, will be a 47-year-old attorney who grew up about as far from the dark center of power as can be imagined -- in sun-baked Honolulu.
Barack Obama now stands in broad daylight, where skeptical investors in Tokyo, Singapore, Beijing and London can assess the real man instead of the political animal running for election.
I think they will find his intelligence, his oratory, his dedication to public service, his ease at gathering smart advisers, his ability to inspire confidence and his tight management of a brilliant political campaign are all the real deal. As a result, despite his incredibly thin résumé, investors will come to believe he is ready to take on this august job.

But now comes the tough part: Obama faces a domestic economy ravaged by falling home prices, rising unemployment and thinning industrial production. He faces a banking system savaged by epic greed. He faces a public that's more cynical than ever about its leaders. And he faces two wars. A financial world in turmoil

It's a mess, to be sure, and in many ways, the next two months may represent the apex of the world's hopes for Obama's success at setting everything straight. The next half-dozen U.S. economic problems that arise will be attributed to his predecessor, after all.

But the next dozen after that will be laid at his feet. The way he and his team deal with them will determine our success as investors and citizens over the next four to eight years, and the shape of the world in which my children, now 13 and 16, will emerge as adults.
http://moneycentral.msn.com/community/message/thread.asp?board=PoliticsandtheMarkets&threadid=838192

It's almost impossible to say with certainty how Obama will govern as these difficulties arise, for there is nothing in his background that will help us judge. We can only pray that he approaches issues in a holistic way -- not reactively but with a grand plan into which each fresh nuance is thoughtfully fit -- much as he conquered the intricacies of the long presidential race.


I'm hopeful Obama will turn out to be as successful as Ronald Reagan in this regard. Reagan was no genius in the classic sense, but he had a thoughtful, humanistic vision that guided his path. And for the most part he had a good economic team that cleaned up the titanic mess of the 1980-81 recession and, after an initial 20% decline in the stock market in his first 20 months, delivered us into a bull market that generally prevailed for 25 years.
Obama was sometimes criticized during the campaign for being more of a speechmaker than a lawmaker, but that is not such a bad thing. Smart words, delivered well in public, have incredible power. The ability to inspire confidence in a well-articulated vision can help drive men and women to achieve things that may be well beyond their own imagined abilities. This is something that we have seen repeatedly through history, and it should not be minimized.

My father was a huge fan of Winston Churchill, and instead of listening to music at home, we sometimes listened to recordings of the British prime minister's speeches. After the humiliating Dunkirk evacuation in June 1940, Churchill told his countrymen: "We shall go on to the end; we shall fight in France; we shall fight on the seas and oceans; we shall fight with growing confidence and growing strength in the air; we shall defend our island, whatever the cost may be; we shall fight on the beaches; we shall fight on the landing grounds; we shall fight in the fields and in the streets; we shall fight in the hills; we shall never surrender!"
Those were powerful words that galvanized the island nation. And likewise did Reagan, for all his faults, lift the spirits of Americans and Europeans during the Cold War. In one of his most beautiful and well-delivered speeches, delivered at Pointe du Hoc, France, to commemorate the 40th anniversary of D-Day on June 6, 1984, Reagan recalled the sacrifices made by American, French and British soldiers to save the continent from fascism.
In a speech penned by Peggy Noonan, Reagan said: "Forty summers have passed since the battle that you fought here. You were young the day you took these cliffs; some of you were hardly more than boys, with the deepest joys of life before you. Yet you risked everything here. Why? Why did you do it? What impelled you to put aside the instinct for self-preservation and risk your lives to take these cliffs? We look at you, and somehow we know the answer. It was faith and belief; it was loyalty and love. . . .
"You all knew that some things are worth dying for. One's country is worth dying for, and democracy is worth dying for, because it's the most deeply honorable form of government ever devised by man. All of you loved liberty. All of you were willing to fight tyranny, and you knew the people of your countries were behind you."

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Forgetting the politics of left and right, red and blue, this is the leadership tradition that I think Obama inherits, and he does so at a time that might well be considered the financial equivalent of a new world war. Doing the right thing

The global battle to fight the scourges of deleveraging, disinflation and defeatism will be long and hard, and we will all suffer many setbacks. Bad things happen in bear markets as the public mood sours. Over the next four years we can expect a lot of tensions among countries to erupt, flaming into battles worse than the recent one between Russia and Georgia, as natural resources grow thin, nerves fray and nationalism swells.

Because no one really knows how to fight the coming battle -- or what weapons to deploy as the financial markets unwind trillions of dollars of leveraged debt -- we can count on a lot more volatility ahead as disappointments mount and government intervention efforts score occasional success before meeting inevitable roadblocks. A first-term stock market decline similar to the one Reagan met while battling the last severe recession would put the Dow Jones industrials ($INDU) at 7,500 by August 2010.

In these circumstances, the world will need a leader in Washington who can meld his people by sheer force of personality and oratory to confront these dragons as a common task and sacrifice, much like Churchill and Reagan did, and give hope that better days will lie ahead. Fortunately, it seems like we have that guy, and now it's up to him to execute. He'll have a short window in which to gain the markets' confidence, so let's hope he can lead a nation to defeat a culture of debt as well as he led his campaign to defeat the old political establishment.
It's fitting to allow Churchill the benediction. "You can always count on Americans to do the right thing," he said. "After they've tried everything else."

 

[fossten]

I'm going to tell you people the truth. Obama has suckered most of you. Some of you are undoubtedly 60's flowerchild relics, and want to see America reduced to a third world country, but the rest of you are nothing but suckers. We're about to repeat the Carter years, only this time it will be with an added bonus of being in wartime, something Carter didn't have to deal with. Thankfully, I might add.

So get ready for socialism, long lines at the pump, people pulling money out of the market, and YES! the Congress making a grab for your 401K dollars. Congratulations, you will get the America you deserve, and then you'll wish you lived in Canada.

As for me, I'm going to treat Obama the same way you a-holes have treated Bush the last 8 years. From now on, he shall be known by me as the "floppy-eared cokehead," because that's what he is. I shall show him as much respect has you have shown Bush. And I'm going to laugh as you finally realize, a year or two from now, that you really screwed the pooch in electing this neophyte, coke-snorting, incompetent, smooth talking racist to lead this country into the abyss. Meanwhile, I'll be fine because I've taken steps to ensure my survival. I'll be around with Bryan and others to pick up the remains of this country's carcass after the floppy-eared cokehead unwittingly shreds the economy.

Please feel free to bookmark this post. I'm going to, for sure, so I can use it to rub it in your faces later.

Kiss your individual retirement accounts goodbye, folks!

 

[napoleon1072]

The fact that you, Fossten are a Bush supporter doesn't surprise me in the least. It's because of your terrible judgment that the world hates us, and the economy is in the can. I'm sure you don't care though, I mean after all the only thing you have to worry about is that you have enough weapons to fend off the mob of liberals that plan to beat down your door....

 

[fossten]

The fact that you, Fossten are a Bush supporter doesn't surprise me in the least. It's because of your terrible judgment that the world hates us, and the economy is in the can. I'm sure you don't care though, I mean after all the only thing you have to worry about is that you have enough weapons to fend off the mob of liberals that plan to beat down your door....

Hey, smart guy, bite me. You're totally ignorant, because if you'd been here for the last 2 years you'd know that I've opposed Bush plenty of times. I'm intellectually honest, and I do call my leaders out when they're wrong. I've even criticized Rush Limbaugh on this site. As far as your attempt to insult me, it won't work. The fact is that I DO have enough weapons to protect my family, and I'm satisfied with that, and proud of it. Just because you'd be sitting there in your living room after a home invasion in tears waiting for the police to show up and draw chalk outlines of your family because you don't believe in protecting them doesn't make you some sort of saint. The fact that my having guns makes you nervous says a lot about you.

As far as the economy being in the can - who's been in control of Congress for two years? Hmm? Who's been opposing drilling and freeing up alternative energy for longer than 30 years? Hmm? I suppose you're so myopic that you'd blame everything including the defeat of the Spanish Armada in 1588 on Bush as well.

 

[Calabrio]

Obama is a powerful speaker and writer. He knows how to use positive language and imagery in an extremely effective manner. He's also very smart.

Reagan shared those traits. But here's the critical difference between the two, and I'm not considering their party affiliations. Reagan said something.

Reagan had a message and a clearly articulated philosophy. And by listening to Reagan speak, you immediately knew specifically what it was he was communicating about.

Reagan had spent decades refining and evolving his political philosophy.

A Reagan Republican, or a Reagan Democrat, is a label that has a meaning because Reagan himself has a clear identity and philosophy.

So far, that's not the case with Obama. If I were to call you an Obama Republican/Democrat that wouldn't mean anything specifically, other than you like Obama.... might as well be a Sanjaya Democrat.


edit: Additional note, twenty years after he left office, the leftist media is now, begrudgingly, starting to recognize Reagan's greatness- but even in this crappy article, they still IGNORANTLY attacked his "intelligence."

 

[Calabrio]

1980

Mr. Chairman, Mr. Vice President to be, this convention, my fellow citizens of this great nation:

With a deep awareness of the responsibility conferred by your trust, I accept your nomination for the presidency of the United States. I do so with deep gratitude, and I think also I might interject on behalf of all of us, our thanks to Detroit and the people of Michigan and to this city for the warm hospitality they have shown. And I thank you for your wholehearted response to my recommendation in regard to George Bush as a candidate for vice president.

I am very proud of our party tonight. This convention has shown to all America a party united, with positive programs for solving the nation's problems; a party ready to build a new consensus with all those across the land who share a community of values embodied in these words: family, work, neighborhood, peace and freedom.

I know we have had a quarrel or two, but only as to the method of attaining a goal. There was no argument about the goal. As president, I will establish a liaison with the 50 governors to encourage them to eliminate, where it exists, discrimination against women. I will monitor federal laws to insure their implementation and to add statutes if they are needed.

More than anything else, I want my candidacy to unify our country; to renew the American spirit and sense of purpose. I want to carry our message to every American, regardless of party affiliation, who is a member of this community of shared values.

Never before in our history have Americans been called upon to face three grave threats to our very existence, any one of which could destroy us. We face a disintegrating economy, a weakened defense and an energy policy based on the sharing of scarcity.

The major issue of this campaign is the direct political, personal and moral responsibility of Democratic Party leadership --i n the White House and in Congress -- for this unprecedented calamity which has befallen us. They tell us they have done the most that humanly could be done. They say that the United States has had its day in the sun; that our nation has passed its zenith. They expect you to tell your children that the American people no longer have the will to cope with their problems; that the future will be one of sacrifice and few opportunities.

My fellow citizens, I utterly reject that view. The American people, the most generous on earth, who created the highest standard of living, are not going to accept the notion that we can only make a better world for others by moving backwards ourselves. Those who believe we can have no business leading the nation.

I will not stand by and watch this great country destroy itself under mediocre leadership that drifts from one crisis to the next, eroding our national will and purpose. We have come together here because the American people deserve better from those to whom they entrust our nation's highest offices, and we stand united in our resolve to do something about it.

We need rebirth of the American tradition of leadership at every level of government and in private life as well. The United States of America is unique in world history because it has a genius for leaders -- many leaders -- on many levels. But, back in 1976, Mr. Carter said, "Trust me." And a lot of people did. Now, many of those people are out of work. Many have seen their savings eaten away by inflation. Many others on fixed incomes, especially the elderly, have watched helplessly as the cruel tax of inflation wasted away their purchasing power. And, today, a great many who trusted Mr. Carter wonder if we can survive the Carter policies of national defense.

"Trust me" government asks that we concentrate our hopes and dreams on one man; that we trust him to do what's best for us. My view of government places trust not in one person or one party, but in those values that transcend persons and parties. The trust is where it belongs--in the people. The responsibility to live up to that trust is where it belongs, in their elected leaders. That kind of relationship, between the people and their elected leaders, is a special kind of compact.

Three hundred and sixty years ago, in 1620, a group of families dared to cross a mighty ocean to build a future for themselves in a new world. When they arrived at Plymouth, Massachusetts, they formed what they called a "compact"; an agreement among themselves to build a community and abide by its laws.

The single act--the voluntary binding together of free people to live under the law--set the pattern for what was to come.

A century and a half later, the descendants of those people pledged their lives, their fortunes and their sacred honor to found this nation. Some forfeited their fortunes and their lives; none sacrificed honor.

Four score and seven years later, Abraham Lincoln called upon the people of all America to renew their dedication and their commitment to a government of, for and by the people.

Isn't it once again time to renew our compact of freedom; to pledge to each other all that is best in our lives; all that gives meaning to them--for the sake of this, our beloved and blessed land?

Together, let us make this a new beginning. Let us make a commitment to care for the needy; to teach our children the values and the virtues handed down to us by our families; to have the courage to defend those values and the willingness to sacrifice for them.

Let us pledge to restore, in our time, the American spirit of voluntary service, of cooperation, of private and community initiative; a spirit that flows like a deep and mighty river through the history of our nation.

As your nominee, I pledge to restore to the federal government the capacity to do the people's work without dominating their lives. I pledge to you a government that will not only work well, but wisely; its ability to act tempered by prudence and its willingness to do good balanced by the knowledge that government is never more dangerous than when our desire to have it help us blinds us to its great power to harm us.

The first Republican president once said, "While the people retain their virtue and their vigilance, no administration by any extreme of wickedness or folly can seriously injure the government in the short space of four years."

If Mr. Lincoln could see what's happened in these last three-and-a-half years, he might hedge a little on that statement. But, with the virtues that our legacy as a free people and with the vigilance that sustains liberty, we still have time to use our renewed compact to overcome the injuries that have been done to America these past three-and-a-half years.

First, we must overcome something the present administration has cooked up: a new and altogether indigestible economic stew, one part inflation, one part high unemployment, one part recession, one part runaway taxes, one party deficit spending and seasoned by an energy crisis. It's an economic stew that has turned the national stomach.

Ours are not problems of abstract economic theory. Those are problems of flesh and blood; problems that cause pain and destroy the moral fiber of real people who should not suffer the further indignity of being told by the government that it is all somehow their fault. We do not have inflation because -- as Mr. Carter says -- we have lived too well.

The head of a government which has utterly refused to live within its means and which has, in the last few days, told us that this year's deficit will be $60 billion, dares to point the finger of blame at business and labor, both of which have been engaged in a losing struggle just trying to stay even.

High taxes, we are told, are somehow good for us, as if, when government spends our money it isn't inflationary, but when we spend it, it is.

Those who preside over the worst energy shortage in our history tell us to use less, so that we will run out of oil, gasoline, and natural gas a little more slowly. Conservation is desirable, of course, for we must not waste energy. But conservation is not the sole answer to our energy needs.

America must get to work producing more energy. The Republican program for solving economic problems is based on growth and productivity.

Large amounts of oil and natural gas lay beneath our land and off our shores, untouched because the present administration seems to believe the American people would rather see more regulation, taxes and controls than more energy.

Coal offers great potential. So does nuclear energy produced under rigorous safety standards. It could supply electricity for thousands of industries and millions of jobs and homes. It must not be thwarted by a tiny minority opposed to economic growth which often finds friendly ears in regulatory agencies for its obstructionist campaigns.

Make no mistake. We will not permit the safety of our people or our environment heritage to be jeopardized, but we are going to reaffirm that the economic prosperity of our people is a fundamental part of our environment.

Our problems are both acute and chronic, yet all we hear from those in positions of leadership are the same tired proposals for more government tinkering, more meddling and more control -- all of which led us to this state in the first place.

Can anyone look at the record of this administration and say, "Well done?" Can anyone compare the state of our economy when the Carter Administration took office with where we are today and say, "Keep up the good work?" Can anyone look at our reduced standing in the world today and say, "Let's have four more years of this?"

I believe the American people are going to answer these questions the first week of November and their answer will be, "No--we've had enough." And, then it will be up to us -- beginning next January 20th -- to offer an administration and congressional leadership of competence and more than a little courage.

We must have the clarity of vision to see the difference between what is essential and what is merely desirable, and then the courage to bring our government back under control and make it acceptable to the people.

It is essential that we maintain both the forward momentum of economic growth and the strength of the safety net beneath those in society who need help. We also believe it is essential that the integrity of all aspects of Social Security are preserved.

Beyond these essentials, I believe it is clear our federal government is overgrown and overweight. Indeed, it is time for our government to go on a diet. Therefore, my first act as chief executive will be to impose an immediate and thorough freeze on federal hiring. Then, we are going to enlist the very best minds from business, labor and whatever quarter to conduct a detailed review of every department, bureau and agency that lives by federal appropriations. We are also going to enlist the help and ideas of many dedicated and hard working government employees at all levels who want a more efficient government as much as the rest of us do. I know that many are demoralized by the confusion and waste they confront in their work as a result of failed and failing policies.

Our instructions to the groups we enlist will be simple and direct. We will remind them that government programs exist at the sufferance of the American taxpayer and are paid for with money earned by working men and women. Any program that represents a waste of their money -- a theft from their pocketbooks--must have that waste eliminated or the program must go -- by executive order where possible; by congressional action where necessary. Everything that can be run more effectively by state and local government we shall turn over to state and local government, along with the funding sources to pay for it. We are going to put an end to the money merry-go-round where our money becomes Washington's money, to be spent by the states and cities exactly the way the federal bureaucrats tell them to.

I will not accept the excuse that the federal government has grown so big and powerful that it is beyond the control of any president, any administration or Congress. We are going to put an end to the notion that the American taxpayer exists to fund the federal government. The federal government exists to serve the American people. On January 20th, we are going to re-establish that truth.

Also on that date we are going to initiate action to get substantial relief for our taxpaying citizens and action to put people back to work. None of this will be based on any new form of monetary tinkering or fiscal sleight-of-hand. We will simply apply to government the common sense we all use in our daily lives.

Work and family are at the center of our lives; the foundation of our dignity as a free people. When we deprive people of what they have earned, or take away their jobs, we destroy their dignity and undermine their families. We cannot support our families unless there are jobs; and we cannot have jobs unless people have both money to invest and the faith to invest it.

There are concepts that stem from an economic system that for more than 200 years has helped us master a continent, create a previously undreamed of prosperity for our people and has fed millions of others around the globe. That system will continue to serve us in the future if our government will stop ignoring the basic values on which it was built and stop betraying the trust and good will of the American workers who keep it going.

The American people are carrying the heaviest peacetime tax burden in our nation's history -- and it will grow even heavier, under present law, next January. We are taxing ourselves into economic exhaustion and stagnation, crushing our ability and incentive to save, invest and produce.

This must stop. We must halt this fiscal self-destruction and restore sanity to our economic system.

I have long advocated a 30 percent reduction in income tax rates over a period of three years. This phased tax reduction would begin with a 10 percent "down payment" tax cut in 1981, which the Republicans and Congress and I have already proposed.

A phased reduction of tax rates would go a long way toward easing the heavy burden on the American people. But, we should not stop here.

Within the context of economic conditions and appropriate budget priorities during each fiscal year of my presidency, I would strive to go further. This would include improvement in business depreciation taxes so we can stimulate investment in order to get plants and equipment replaced, put more Americans back to work and put our nation back on the road to being competitive in world commerce. We will also work to reduce the cost of government as a percentage of our gross national product.

The first task of national leadership is to set honest and realistic priorities in our policies and our budget and I pledge that my administration will do that.

When I talk of tax cuts, I am reminded that every major tax cut in this century has strengthened the economy, generated renewed productivity and ended up yielding new revenues for the government by creating new investment, new jobs and more commerce among our people.

The present administration has been forced by us Republicans to play follow-the-leader with regard to a tax cut. But, in this election year we must take with the proverbial "grain of salt" any tax cut proposed by those who have given us the greatest tax increase in our history. When those in leadership give us tax increases and tell us we must also do with less, have they thought about those who have always had less -- especially the minorities? This is like telling them that just as they step on the first rung of the ladder of opportunity, the ladder is being pulled out from under them. That may be the Democratic leadership's message to the minorities, but it won't be ours. Our message will be: we have to move ahead, but we're not going to leave anyone behind. Thanks to the economic policies of the Democratic Party, millions of Americans find themselves out of work. Millions more have never even had a fair chance to learn new skills, hold a decent job, or secure for themselves and their families a share in the prosperity of this nation.

It is time to put America back to work; to make our cities and towns resound with the confident voices of men and women of all races, nationalities and faiths bringing home to their families a decent paycheck they can cash for honest money.

For those without skills, we'll find a way to help them get skills.

For those without job opportunities, we'll stimulate new opportunities, particularly in the inner cities where they live.

For those who have abandoned hope, we'll restore hope and we'll welcome them into a great national crusade to make America great again!

When we move from domestic affairs and cast our eyes abroad, we see an equally sorry chapter on the record of the present administration.

- As Soviet combat brigade trains in Cuba, just 90 miles from our shores.

- A Soviet army of invasion occupies Afghanistan, further threatening our vital interests in the Middle East.

- America's defense strength is at its lowest ebb in a generation, while the Soviet Union is vastly outspending us in both strategic and conventional arms.

- Our European allies, looking nervously at the growing menace from the East, turn to us for leadership and fail to find it.

- And, incredibly more than 50 of our fellow Americans have been held captive for over eight months by a dictatorial foreign power that holds us up to ridicule before the world.

Adversaries large and small test our will and seek to confound our resolve, but we are given weakness when we need strength; vacillation when the times demand firmness.

The Carter Administration lives in the world of make-believe. Every day, drawing up a response to that day's problems, troubles, regardless of what happened yesterday and what will happen tomorrow.

The rest of us, however, live in the real world. It is here that disasters are overtaking our nation without any real response from Washington.

This is make-believe, self-deceit and -- above all -- transparent hypocrisy.

For example, Mr. Carter says he supports the volunteer army, but he lets military pay and benefits slip so low that many of our enlisted personnel are actually eligible for food stamps. Re-enlistment rates drop and, just recently, after he fought all week against a proposal to increase the pay of our men and women in uniform, he helicoptered to our carrier, the U.S.S. Nimitz, which was returning from long months of duty. He told the crew that he advocated better pay for them and their comrades! Where does he really stand, now that he's back on shore?

I'll tell you where I stand. I do not favor a peacetime draft or registration, but I do favor pay and benefit levels that will attract and keep highly motivated men and women in our volunteer forces and an active reserve trained and ready for an instant call in case of an emergency.

There may be a sailor at the helm of the ship of state, but the ship has no rudder. Critical decisions are made at times almost in comic fashion, but who can laugh? Who was not embarrassed when the administration handed a major propaganda victory in the United Nations to the enemies of Israel, our staunch Middle East ally for three decades, and them claim that the American vote was a "mistake," the result of a "failure of communication" between the president, his secretary of state, and his U.N. ambassador?

Who does not feel a growing sense of unease as our allies, facing repeated instances of an amateurish and confused administration, reluctantly conclude that America is unwilling or unable to fulfill its obligations as the leader of the free world?

Who does not feel rising alarm when the question in any discussion of foreign policy is no longer, "Should we do something?", but "Do we have the capacity to do anything?"

The administration which has brought us to this state is seeking your endorsement for four more years of weakness, indecision, mediocrity and incompetence. No American should vote until he or she has asked, is the United States stronger and more respected now than it was three-and-a-half years ago? Is the world today a safer place in which to live?

It is the responsibility of the president of the United States, in working for peace, to insure that the safety of our people cannot successfully be threatened by a hostile foreign power. As president, fulfilling that responsibility will be my number one priority.

We are not a warlike people. Quite the opposite. We always seek to live in peace. We resort to force infrequently and with great reluctance--and only after we have determined that it is absolutely necessary. We are awed--and rightly so--by the forces of destruction at loose in the world in this nuclear era. But neither can we be naive or foolish. Four times in my lifetime America has gone to war, bleeding the lives of its young men into the sands of beachheads, the fields of Europe and the jungles and rice paddies of Asia. We know only too well that war comes not when the forces of freedom are strong, but when they are weak. It is then that tyrants are tempted.

We simply cannot learn these lessons the hard way again without risking our destruction.

Of all the objectives we seek, first and foremost is the establishment of lasting world peace. We must always stand ready to negotiate in good faith, ready to pursue any reasonable avenue that holds forth the promise of lessening tensions and furthering the prospects of peace. But let our friends and those who may wish us ill take note: the United States has an obligation to its citizens and to the people of the world never to let those who would destroy freedom dictate the future course of human life on this planet. I would regard my election as proof that we have renewed our resolve to preserve world peace and freedom. This nation will once again be strong enough to do that.

This evening marks the last step--save one--of a campaign that has taken Nancy and me from one end of this great land to the other, over many months and thousands of miles. There are those who question the way we choose a president; who say that our process imposes difficult and exhausting burdens on those who seek the office. I have not found it so.

It is impossible to capture in words the splendor of this vast continent which God has granted as our portion of this creation. There are no words to express the extraordinary strength and character of this breed of people we call Americans.

Everywhere we have met thousands of Democrats, Independents, and Republicans from all economic conditions and walks of life bound together in that community of shared values of family, work, neighborhood, peace and freedom. They are concerned, yes, but they are not frightened. They are disturbed, but not dismayed. They are the kind of men and women Tom Paine had in mind when he wrote--during the darkest days of the American Revolution--"We have it in our power to begin the world over again."

Nearly 150 years after Tom Paine wrote those words, an American president told the generation of the Great Depression that it had a "rendezvous with destiny." I believe that this generation of Americans today has a rendezvous with destiny.

Tonight, let us dedicate ourselves to renewing the American compact. I ask you not simply to "Trust me," but to trust your values--our values--and to hold me responsible for living up to them. I ask you to trust that American spirit which knows no ethnic, religious, social, political, regional, or economic boundaries; the spirit that burned with zeal in the hearts of millions of immigrants from every corner of the Earth who came here in search of freedom.

Some say that spirit no longer exists. But I have seen it -- I have felt it -- all across the land; in the big cities, the small towns and in rural America. The American spirit is still there, ready to blaze into life if you and I are willing to do what has to be done; the practical, down-to-earth things that will stimulate our economy, increase productivity and put America back to work. The time is now to resolve that the basis of a firm and principled foreign policy is one that takes the world as it is and seeks to change it by leadership and example; not by harangue, harassment or wishful thinking.

The time is now to say that while we shall seek new friendships and expand and improve others, we shall not do so by breaking our word or casting aside old friends and allies.

And, the time is now to redeem promises once made to the American people by another candidate, in another time and another place. He said, "For three long years I have been going up and down this country preaching that government--federal, state, and local--costs too much. I shall not stop that preaching. As an immediate program of action, we must abolish useless offices. We must eliminate unnecessary functions of government...we must consolidate subdivisions of government and, like the private citizen, give up luxuries which we can no longer afford."

"I propose to you, my friends, and through you that government of all kinds, big and little be made solvent and that the example be set by the president of the United State and his Cabinet."

So said Franklin Delano Roosevelt in his acceptance speech to the Democratic National Convention in July 1932.

The time is now, my fellow Americans, to recapture our destiny, to take it into our own hands. But, to do this will take many of us, working together. I ask you tonight to volunteer your help in this cause so we can carry our message throughout the land.

Yes, isn't now the time that we, the people, carried out these unkempt promises? Let us pledge to each other and to all America on this July day 48 years later, we intend to do just that.

I have thought of something that is not part of my speech and I'm worried over whether I should do it.

Can we doubt that only a Divine Providence placed this land, this island of freedom, here as a refuge for all those people in the world who yearn to breathe freely: Jews and Christians enduring persecution behind the Iron Curtain, the boat people of Southeast Asia, of Cuba and Haiti, the victims of drought and famine in Africa, the freedom fighters of Afghanistan and our own countrymen held in savage captivity.

I'll confess that I've been a little afraid to suggest what I'm going to suggest -- I'm more afraid not to -- that we begin our crusade joined together in a moment of silent prayer. God bless America.

2008

To Chairman Dean and my great friend Dick Durbin; and to all my fellow citizens of this great nation; with profound gratitude and great humility, I accept your nomination for the presidency of the United States.

Let me express my thanks to the historic slate of candidates who accompanied me on this journey, and especially the one who traveled the farthest — a champion for working Americans and an inspiration to my daughters and to yours — Hillary Rodham Clinton. To President Clinton, who last night made the case for change as only he can make it; to Ted Kennedy, who embodies the spirit of service; and to the next vice president of the United States, Joe Biden, I thank you. I am grateful to finish this journey with one of the finest statesmen of our time, a man at ease with everyone from world leaders to the conductors on the Amtrak train he still takes home every night.

To the love of my life, our next first lady, Michelle Obama, and to Sasha and Malia — I love you so much, and I'm so proud of all of you.

Four years ago, I stood before you and told you my story — of the brief union between a young man from Kenya and a young woman from Kansas who weren't well-off or well-known, but shared a belief that in America, their son could achieve whatever he put his mind to.

It is that promise that has always set this country apart — that through hard work and sacrifice, each of us can pursue our individual dreams but still come together as one American family, to ensure that the next generation can pursue their dreams as well.

That's why I stand here tonight. Because for 232 years, at each moment when that promise was in jeopardy, ordinary men and women — students and soldiers, farmers and teachers, nurses and janitors — found the courage to keep it alive.

We meet at one of those defining moments — a moment when our nation is at war, our economy is in turmoil, and the American promise has been threatened once more.

Tonight, more Americans are out of work and more are working harder for less. More of you have lost your homes and even more are watching your home values plummet. More of you have cars you can't afford to drive, credit card bills you can't afford to pay, and tuition that's beyond your reach.

These challenges are not all of government's making. But the failure to respond is a direct result of a broken politics in Washington and the failed policies of George W. Bush.

America, we are better than these last eight years. We are a better country than this.

This country is more decent than one where a woman in Ohio, on the brink of retirement, finds herself one illness away from disaster after a lifetime of hard work.

This country is more generous than one where a man in Indiana has to pack up the equipment he's worked on for 20 years and watch it shipped off to China, and then chokes up as he explains how he felt like a failure when he went home to tell his family the news.

We are more compassionate than a government that lets veterans sleep on our streets and families slide into poverty; that sits on its hands while a major American city drowns before our eyes.

Tonight, I say to the American people, to Democrats and Republicans and independents across this great land — enough! This moment — this election — is our chance to keep, in the 21st century, the American promise alive. Because next week, in Minnesota, the same party that brought you two terms of George Bush and Dick Cheney will ask this country for a third. And we are here because we love this country too much to let the next four years look like the last eight. On November 4, we must stand up and say: "Eight is enough."

Now let there be no doubt. The Republican nominee, John McCain, has worn the uniform of our country with bravery and distinction, and for that we owe him our gratitude and respect. And next week, we'll also hear about those occasions when he's broken with his party as evidence that he can deliver the change that we need.

But the record's clear: John McCain has voted with George Bush 90 percent of the time. Sen. McCain likes to talk about judgment, but really, what does it say about your judgment when you think George Bush has been right more than 90 percent of the time? I don't know about you, but I'm not ready to take a 10 percent chance on change.

The truth is, on issue after issue that would make a difference in your lives — on health care and education and the economy — Sen. McCain has been anything but independent. He said that our economy has made "great progress" under this president. He said that the fundamentals of the economy are strong. And when one of his chief advisers — the man who wrote his economic plan — was talking about the anxiety Americans are feeling, he said that we were just suffering from a "mental recession," and that we've become, and I quote, "a nation of whiners."

A nation of whiners? Tell that to the proud autoworkers at a Michigan plant who, after they found out it was closing, kept showing up every day and working as hard as ever, because they knew there were people who counted on the brakes that they made. Tell that to the military families who shoulder their burdens silently as they watch their loved ones leave for their third or fourth or fifth tour of duty. These are not whiners. They work hard and give back and keep going without complaint. These are the Americans that I know.

Now, I don't believe that Sen. McCain doesn't care what's going on in the lives of Americans. I just think he doesn't know. Why else would he define middle class as someone making under 5 million dollars a year? How else could he propose hundreds of billions in tax breaks for big corporations and oil companies but not one penny of tax relief to more than 100 million Americans? How else could he offer a health care plan that would actually tax people's benefits, or an education plan that would do nothing to help families pay for college, or a plan that would privatize Social Security and gamble your retirement?

It's not because John McCain doesn't care. It's because John McCain doesn't get it.

For over two decades, he's subscribed to that old, discredited Republican philosophy — give more and more to those with the most and hope that prosperity trickles down to everyone else. In Washington, they call this the Ownership Society, but what it really means is — you're on your own. Out of work? Tough luck. No health care? The market will fix it. Born into poverty? Pull yourself up by your own bootstraps — even if you don't have boots. You're on your own.

Well, it's time for them to own their failure. It's time for us to change America.

You see, we Democrats have a very different measure of what constitutes progress in this country.

We measure progress by how many people can find a job that pays the mortgage; whether you can put a little extra money away at the end of each month so you can someday watch your child receive her college diploma. We measure progress in the 23 million new jobs that were created when Bill Clinton was president — when the average American family saw its income go up $7,500 instead of down $2,000 like it has under George Bush.

We measure the strength of our economy not by the number of billionaires we have or the profits of the Fortune 500, but by whether someone with a good idea can take a risk and start a new business, or whether the waitress who lives on tips can take a day off to look after a sick kid without losing her job — an economy that honors the dignity of work.

The fundamentals we use to measure economic strength are whether we are living up to that fundamental promise that has made this country great — a promise that is the only reason I am standing here tonight.

Because in the faces of those young veterans who come back from Iraq and Afghanistan, I see my grandfather, who signed up after Pearl Harbor, marched in Patton's Army, and was rewarded by a grateful nation with the chance to go to college on the GI Bill.

In the face of that young student who sleeps just three hours before working the night shift, I think about my mom, who raised my sister and me on her own while she worked and earned her degree; who once turned to food stamps but was still able to send us to the best schools in the country with the help of student loans and scholarships.

When I listen to another worker tell me that his factory has shut down, I remember all those men and women on the South Side of Chicago who I stood by and fought for two decades ago after the local steel plant closed.

And when I hear a woman talk about the difficulties of starting her own business, I think about my grandmother, who worked her way up from the secretarial pool to middle management, despite years of being passed over for promotions because she was a woman. She's the one who taught me about hard work. She's the one who put off buying a new car or a new dress for herself so that I could have a better life. She poured everything she had into me. And although she can no longer travel, I know that she's watching tonight, and that tonight is her night as well.

I don't know what kind of lives John McCain thinks that celebrities lead, but this has been mine. These are my heroes. Theirs are the stories that shaped me. And it is on their behalf that I intend to win this election and keep our promise alive as president of the United States.

What is that promise?

It's a promise that says each of us has the freedom to make of our own lives what we will, but that we also have the obligation to treat each other with dignity and respect.

It's a promise that says the market should reward drive and innovation and generate growth, but that businesses should live up to their responsibilities to create American jobs, look out for American workers, and play by the rules of the road.

Ours is a promise that says government cannot solve all our problems, but what it should do is that which we cannot do for ourselves — protect us from harm and provide every child a decent education; keep our water clean and our toys safe; invest in new schools and new roads and new science and technology.

Our government should work for us, not against us. It should help us, not hurt us. It should ensure opportunity not just for those with the most money and influence, but for every American who's willing to work.

That's the promise of America — the idea that we are responsible for ourselves, but that we also rise or fall as one nation; the fundamental belief that I am my brother's keeper; I am my sister's keeper.

That's the promise we need to keep. That's the change we need right now. So let me spell out exactly what that change would mean if I am president.

Change means a tax code that doesn't reward the lobbyists who wrote it, but the American workers and small businesses who deserve it.

Unlike John McCain, I will stop giving tax breaks to corporations that ship jobs overseas, and I will start giving them to companies that create good jobs right here in America.

I will eliminate capital-gains taxes for the small businesses and the startups that will create the high-wage, high-tech jobs of tomorrow.

I will cut taxes — cut taxes — for 95 percent of all working families. Because in an economy like this, the last thing we should do is raise taxes on the middle class.

And for the sake of our economy, our security, and the future of our planet, I will set a clear goal as president: In 10 years, we will finally end our dependence on oil from the Middle East.

Washington's been talking about our oil addiction for the last 30 years, and John McCain has been there for 26 of them. In that time, he's said no to higher fuel-efficiency standards for cars, no to investments in renewable energy, no to renewable fuels. And today, we import triple the amount of oil as the day that Sen. McCain took office.

Now is the time to end this addiction, and to understand that drilling is a stop-gap measure, not a long-term solution. Not even close.

As president, I will tap our natural gas reserves, invest in clean coal technology, and find ways to safely harness nuclear power. I'll help our auto companies retool, so that the fuel-efficient cars of the future are built right here in America. I'll make it easier for the American people to afford these new cars. And I'll invest 150 billion dollars over the next decade in affordable, renewable sources of energy — wind power and solar power and the next generation of biofuels; an investment that will lead to new industries and 5 million new jobs that pay well and can't ever be outsourced.

America, now is not the time for small plans.

Now is the time to finally meet our moral obligation to provide every child a world-class education, because it will take nothing less to compete in the global economy. Michelle and I are only here tonight because we were given a chance at an education. And I will not settle for an America where some kids don't have that chance. I'll invest in early-childhood education. I'll recruit an army of new teachers, and pay them higher salaries and give them more support. And in exchange, I'll ask for higher standards and more accountability. And we will keep our promise to every young American — if you commit to serving your community or your country, we will make sure you can afford a college education.

Now is the time to finally keep the promise of affordable, accessible health care for every single American. If you have health care, my plan will lower your premiums. If you don't, you'll be able to get the same kind of coverage that members of Congress give themselves. And as someone who watched my mother argue with insurance companies while she lay in bed dying of cancer, I will make certain those companies stop discriminating against those who are sick and need care the most.

Now is the time to help families with paid sick days and better family leave, because nobody in America should have to choose between keeping their jobs and caring for a sick child or ailing parent.

Now is the time to change our bankruptcy laws, so that your pensions are protected ahead of CEO bonuses, and the time to protect Social Security for future generations.

And now is the time to keep the promise of equal pay for an equal day's work, because I want my daughters to have exactly the same opportunities as your sons.

Now, many of these plans will cost money, which is why I've laid out how I'll pay for every dime — by closing corporate loopholes and tax havens that don't help America grow. But I will also go through the federal budget, line by line, eliminating programs that no longer work and making the ones we do need work better and cost less — because we cannot meet 21st century challenges with a 20th century bureaucracy.

And Democrats, we must also admit that fulfilling America's promise will require more than just money. It will require a renewed sense of responsibility from each of us to recover what John F. Kennedy called our "intellectual and moral strength." Yes, government must lead on energy independence, but each of us must do our part to make our homes and businesses more efficient. Yes, we must provide more ladders to success for young men who fall into lives of crime and despair. But we must also admit that programs alone can't replace parents; that government can't turn off the television and make a child do her homework; that fathers must take more responsibility for providing the love and guidance their children need.

Individual responsibility and mutual responsibility — that's the essence of America's promise.

And just as we keep our keep our promise to the next generation here at home, so must we keep America's promise abroad. If John McCain wants to have a debate about who has the temperament, and judgment, to serve as the next commander in chief, that's a debate I'm ready to have.

For while Sen. McCain was turning his sights to Iraq just days after 9/11, I stood up and opposed this war, knowing that it would distract us from the real threats we face. When John McCain said we could just "muddle through" in Afghanistan, I argued for more resources and more troops to finish the fight against the terrorists who actually attacked us on 9/11 and made clear that we must take out Osama bin Laden and his lieutenants if we have them in our sights. John McCain likes to say that he'll follow bin Laden to the gates of hell — but he won't even go to the cave where he lives.

And today, as my call for a time frame to remove our troops from Iraq has been echoed by the Iraqi government and even the Bush administration, even after we learned that Iraq has a $79 billion surplus while we're wallowing in deficits, John McCain stands alone in his stubborn refusal to end a misguided war.

That's not the judgment we need. That won't keep America safe. We need a president who can face the threats of the future, not keep grasping at the ideas of the past.

You don't defeat a terrorist network that operates in 80 countries by occupying Iraq. You don't protect Israel and deter Iran just by talking tough in Washington. You can't truly stand up for Georgia when you've strained our oldest alliances. If John McCain wants to follow George Bush with more tough talk and bad strategy, that is his choice — but it is not the change we need.

We are the party of Roosevelt. We are the party of Kennedy. So don't tell me that Democrats won't defend this country. Don't tell me that Democrats won't keep us safe. The Bush-McCain foreign policy has squandered the legacy that generations of Americans — Democrats and Republicans — have built, and we are here to restore that legacy.

As commander in chief, I will never hesitate to defend this nation, but I will only send our troops into harm's way with a clear mission and a sacred commitment to give them the equipment they need in battle and the care and benefits they deserve when they come home.

I will end this war in Iraq responsibly, and finish the fight against al-Qaida and the Taliban in Afghanistan. I will rebuild our military to meet future conflicts. But I will also renew the tough, direct diplomacy that can prevent Iran from obtaining nuclear weapons and curb Russian aggression. I will build new partnerships to defeat the threats of the 21st century: terrorism and nuclear proliferation; poverty and genocide; climate change and disease. And I will restore our moral standing, so that America is once again that last, best hope for all who are called to the cause of freedom, who long for lives of peace, and who yearn for a better future.

These are the policies I will pursue. And in the weeks ahead, I look forward to debating them with John McCain.

But what I will not do is suggest that the senator takes his positions for political purposes. Because one of the things that we have to change in our politics is the idea that people cannot disagree without challenging each other's character and patriotism.

The times are too serious, the stakes are too high for this same partisan playbook. So let us agree that patriotism has no party. I love this country, and so do you, and so does John McCain. The men and women who serve in our battlefields may be Democrats and Republicans and independents, but they have fought together and bled together and some died together under the same proud flag. They have not served a red America or a blue America – they have served the United States of America.

So I've got news for you, John McCain. We all put our country first.

America, our work will not be easy. The challenges we face require tough choices, and Democrats as well as Republicans will need to cast off the worn-out ideas and politics of the past. For part of what has been lost these past eight years can't just be measured by lost wages or bigger trade deficits. What has also been lost is our sense of common purpose — our sense of higher purpose. And that's what we have to restore.

We may not agree on abortion, but surely we can agree on reducing the number of unwanted pregnancies in this country. The reality of gun ownership may be different for hunters in rural Ohio than for those plagued by gang violence in Cleveland, but don't tell me we can't uphold the Second Amendment while keeping AK-47s out of the hands of criminals. I know there are differences on same-sex marriage, but surely we can agree that our gay and lesbian brothers and sisters deserve to visit the person they love in the hospital and to live lives free of discrimination. Passions fly on immigration, but I don't know anyone who benefits when a mother is separated from her infant child or an employer undercuts American wages by hiring illegal workers. This too is part of America's promise — the promise of a democracy where we can find the strength and grace to bridge divides and unite in common effort.

I know there are those who dismiss such beliefs as happy talk. They claim that our insistence on something larger, something firmer and more honest in our public life is just a Trojan horse for higher taxes and the abandonment of traditional values. And that's to be expected. Because if you don't have any fresh ideas, then you use stale tactics to scare the voters. If you don't have a record to run on, then you paint your opponent as someone people should run from.

You make a big election about small things.

And you know what — it's worked before. Because it feeds into the cynicism we all have about government. When Washington doesn't work, all its promises seem empty. If your hopes have been dashed again and again, then it's best to stop hoping, and settle for what you already know.

I get it. I realize that I am not the likeliest candidate for this office. I don't fit the typical pedigree, and I haven't spent my career in the halls of Washington.

But I stand before you tonight because all across America something is stirring. What the naysayers don't understand is that this election has never been about me. It's been about you.

For 18 long months, you have stood up, one by one, and said enough to the politics of the past. You understand that in this election, the greatest risk we can take is to try the same old politics with the same old players and expect a different result. You have shown what history teaches us — that at defining moments like this one, the change we need doesn't come from Washington. Change comes to Washington. Change happens because the American people demand it — because they rise up and insist on new ideas and new leadership, a new politics for a new time.

America, this is one of those moments.

I believe that as hard as it will be, the change we need is coming. Because I've seen it. Because I've lived it. I've seen it in Illinois, when we provided health care to more children and moved more families from welfare to work. I've seen it in Washington, when we worked across party lines to open up government and hold lobbyists more accountable, to give better care for our veterans and keep nuclear weapons out of terrorist hands.

And I've seen it in this campaign. In the young people who voted for the first time, and in those who got involved again after a very long time. In the Republicans who never thought they'd pick up a Democratic ballot, but did. I've seen it in the workers who would rather cut their hours back a day than see their friends lose their jobs, in the soldiers who re-enlist after losing a limb, in the good neighbors who take a stranger in when a hurricane strikes and the floodwaters rise.

This country of ours has more wealth than any nation, but that's not what makes us rich. We have the most powerful military on Earth, but that's not what makes us strong. Our universities and our culture are the envy of the world, but that's not what keeps the world coming to our shores.

Instead, it is that American spirit — that American promise — that pushes us forward even when the path is uncertain; that binds us together in spite of our differences; that makes us fix our eye not on what is seen, but what is unseen, that better place around the bend.

That promise is our greatest inheritance. It's a promise I make to my daughters when I tuck them in at night, and a promise that you make to yours — a promise that has led immigrants to cross oceans and pioneers to travel west; a promise that led workers to picket lines, and women to reach for the ballot.

And it is that promise that 45 years ago today brought Americans from every corner of this land to stand together on a mall in Washington, before Lincoln's Memorial, and hear a young preacher from Georgia speak of his dream.

The men and women who gathered there could've heard many things. They could've heard words of anger and discord. They could've been told to succumb to the fear and frustration of so many dreams deferred.

But what the people heard instead — people of every creed and color, from every walk of life — is that in America, our destiny is inextricably linked. That together, our dreams can be one.

"We cannot walk alone," the preacher cried. "And as we walk, we must make the pledge that we shall always march ahead. We cannot turn back."

America, we cannot turn back. Not with so much work to be done. Not with so many children to educate, and so many veterans to care for. Not with an economy to fix and cities to rebuild and farms to save. Not with so many families to protect and so many lives to mend. America, we cannot turn back. We cannot walk alone. At this moment, in this election, we must pledge once more to march into the future. Let us keep that promise — that American promise — and in the words of Scripture hold firmly, without wavering, to the hope that we confess.

Thank you, God bless you, and God bless the United States of America.

 

[shagdrum]

As usually, Calabrio nails it.

Obama is like Reagan in only superficial ways. their styles are similar. Where Obama falls short is in the area of substance. Reagan had it from the word go. Obama has yet to demonstrate it.

 

[fossten]

"Trust me" government asks that we concentrate our hopes and dreams on one man; that we trust him to do what's best for us. My view of government places trust not in one person or one party, but in those values that transcend persons and parties. The trust is where it belongs--in the people. The responsibility to live up to that trust is where it belongs, in their elected leaders. That kind of relationship, between the people and their elected leaders, is a special kind of compact.

This is a tellling quote. Obama is operating in "trust me" government.

 

[KD00LS]

So what wall do you think Obama will tear down?
YouTube - Regan