[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread authfriend
Geesh, what a sad sack.

--- In FairfieldLife@yahoogroups.com, do.rflex do.rf...@... wrote:

 
 Obama's Brilliant First Year
 By January, he will have accomplished more than any first-year president
 since Franklin Roosevelt.By Jacob Weisberg




[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread ShempMcGurk
Give ME money I don't have and I'll spend it like a drunken sailor, too!

No one -- and I mean no one -- has spent more money more quickly than this 
president.  But I guess that's what you get when you elect a community 
organiser for president.  

What do community organisers do?  Why, they knock on the doors of various 
levels of government with hand extended asking for money.  That's pretty much a 
full time job for those in the upper echelons of community organisations.  

So when this guy became president and is now on the OTHER side of the door he 
naturally thinks that his job is to give money to people on the other side of 
it...and the more he gives out, the better a job he thinks he is doing. After 
all, isn't that what he wanted government to do when he was on the asking side 
of the door?

--- In FairfieldLife@yahoogroups.com, do.rflex do.rf...@... wrote:

 
 Obama's Brilliant First Year
 By January, he will have accomplished more than any first-year president
 since Franklin Roosevelt.By Jacob Weisberg
 
   [Barack Obama. Click image to expand.] 
 http://www.slate.com/id/2236712/
 
 Barack Obama
 
 
 About one thing, left and right seem to agree these days: Obama
 hasn't done anything yet. Maureen Dowd
 http://www.nytimes.com/2009/11/22/opinion/22dowd.html?_r=1%26em  and
 Dick Cheney
 http://www.washingtonpost.com/wp-dyn/content/article/2009/10/21/AR20091\
 02104242.html  have found common ground in scoffing at the president's
 dithering. Newsweek recently ran a sympathetic cover story titled,
 Yes He Can (But He Sure Hasn't Yet).
 
 
 The sarcasm brigade thinks it's finally found an Achilles' heel in his
 lack of accomplishments. When you look at my record, it's very clear
 what I've done so far and that is nothing. Nada. Almost one year and
 nothing to show for it, Obama stand-in Fred Armisen recently riffed on
 Saturday Night Live. It's chow time
 http://www.afterelton.com/blog/edkennedy/daily-show-10-06-09 , Jon
 Stewart asserts, for a president who hasn't followed through on his
 promises.
 
 This conventional wisdom about Obama's first year isn't just
 premature—it's sure to be flipped on its head by the anniversary of
 his inauguration on Jan. 20.
 
 
 If, as seems increasingly likely, Obama wins passage of a health care
 reform a bill by that date, he will deliver his first State of the Union
 address having accomplished more than any other postwar American
 president at a comparable point in his presidency. This isn't an
 ideological point or one that depends on agreement with his policies.
 It's a neutral assessment of his emerging record—how many big,
 transformational things Obama is likely to have made happen in his first
 12 months in office.
 
 The case for Obama's successful freshman year rests above all on the
 health care legislation now awaiting action in the Senate.
 
 
 Democrats have been trying to pass national health insurance for 60
 years. Past presidents who tried to make it happen and failed include
 Harry Truman, Lyndon Johnson, Jimmy Carter, and Bill Clinton. Through
 the summer, Obama caught flak http://www.slate.com/id/2224026/  for
 letting Congress lead the process, as opposed to setting out his own
 proposal. Now his political strategy is being vindicated.
 
 
 The bill he signs may be flawed in any number of ways—weak on cost
 control, too tied to the employer-based system, and inadequate in terms
 of consumer choice. But given the vastness of the enterprise and the
 political obstacles, passing an imperfect behemoth and improving it
 later is probably the only way to succeed where his predecessors failed.
 
 We are so submerged in the details of this debate—whether the bill
 will include a public option, limit coverage for abortion, or tax
 Botox http://www.slate.com/id/2236447/ —that it's easy to lose
 sight of the magnitude of the impending change. For the federal
 government to take responsibility for health coverage will be a
 transformation of the American social contract and the single biggest
 change in government's role since the New Deal.
 
 
 If Obama governs for four or eight years and accomplishes nothing else,
 he may be judged the most consequential domestic president since LBJ. He
 will also undermine the view that Ronald Reagan permanently reversed a
 50-year tide of American liberalism.
 Obama's claim to a fertile first year doesn't rest on health care alone.
 There's mounting evidence that the $787 billion economic stimulus he
 signed in February—combined with the bank bailout
 package—prevented an economic depression.
 
 Should the stimulus have been larger? Should it have been more weighted
 to short-term spending, as opposed to long-term tax cuts? Would a second
 round be a good idea?
 
 Pundits and policymakers will argue these questions for years to come.
 But few mainstream economists seriously dispute that Obama's decisive
 action prevented a much deeper downturn and restored economic growth in
 the third quarter.
 
 The 

[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread authfriend


--- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcg...@... wrote:

 Give ME money I don't have and I'll spend it like a drunken
 sailor, too!
 
 No one -- and I mean no one -- has spent more money more
 quickly than this president.

No president has *needed* to spend money more quickly
than this president. In fact, he didn't spend enough
quickly enough. But if he hadn't spent what he did when
he did, the economic situation in this country would be
far, *far* worse than it is now.

  But I guess that's what you
 get when you elect a community organiser for president.  
 
 What do community organisers do?  Why, they knock on
 the doors of various levels of government with hand
 extended asking for money.

Uh, no, that's not what community organizers do. Maybe
that's called community organizing in Canada, but not
in the U.S.





[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread ShempMcGurk


--- In FairfieldLife@yahoogroups.com, authfriend jst...@... wrote:

 
 
 --- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcgurk@ wrote:
 
  Give ME money I don't have and I'll spend it like a drunken
  sailor, too!
  
  No one -- and I mean no one -- has spent more money more
  quickly than this president.
 
 No president has *needed* to spend money more quickly
 than this president. In fact, he didn't spend enough
 quickly enough. But if he hadn't spent what he did when
 he did, the economic situation in this country would be
 far, *far* worse than it is now.




Well, then, you have to acknowledge that that figure of hate, George Bush, did 
a good thing because HE started all the spending and it was done with Obama's 
approval (remember that meeting in the oval office while the campaign was going 
on with Bush, McCain, and Obama) and Obama continued it and expanded it.

So it was NOT change we can beleive it...it was unchange and expansion of a 
George Bush policy.

You can't have it both ways, folks.





 
   But I guess that's what you
  get when you elect a community organiser for president.  
  
  What do community organisers do?  Why, they knock on
  the doors of various levels of government with hand
  extended asking for money.
 
 Uh, no, that's not what community organizers do. Maybe
 that's called community organizing in Canada, but not
 in the U.S.


You have obviously done very little community organising in either country.  
Again, I was referring to the upper echelons of community organisations and 
that is precisely what their main activity is.

People on the lower echelons - like, obviously, you, Judy, if that has been 
your experience -- don't go to government to raise funds.  They either do the 
peon work or go to individuals and small companies to ask for money.

That's not what the Harvard educated elitist Barack Obama was engaged in (and, 
indeed, it would have been a waste to use him doing that kind of stuff).



[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread do.rflex

--- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcg...@...
wrote:

 Give ME money I don't have and I'll spend it like a drunken sailor,
too!

 No one -- and I mean no one -- has spent more money more quickly than
this president.


Bananas.

What Caused the Budget Deficit?

David Leonhardt has a nice article breaking down the sources
http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html?hp
of the growth in the budget deficit. Since Leonhardt works for The New
York Times rather than USA Today, they didn't see fit to illustrate
his article with a pie chart, but I made one myself:
  [deficit]
— The first category — the business cycle — accounts
for 37 percent of the $2 trillion swing.

— Second, Bush-era legislation like his tax cuts and the
Medicare prescription drug benefit, [that] not only continue to cost the
government but have also increased interest payments on the national
debt.

— Third, Obama's main contribution to the deficit is his
extension of several Bush policies, like the Iraq war and tax cuts for
households making less than $250,000 [...] 20 percent of the swing.

— Fourth, About 7 percent comes from the stimulus bill that Mr.
Obama signed in February.

— Fifth, only 3 percent comes from Mr. Obama's agenda on
health care, education, energy and other areas.

In other words, the very high deficits are not Obama's fault according
to any normal way of assessing political blame...

More here:  http://snipurl.com/rtyig http://snipurl.com/rtyig  
[yglesias_thinkprogress_org]








But I guess that's what you get when you elect a community organiser for
president.

 What do community organisers do?  Why, they knock on the doors of
various levels of government with hand extended asking for money. 
That's pretty much a full time job for those in the upper echelons of
community organisations.

 So when this guy became president and is now on the OTHER side of the
door he naturally thinks that his job is to give money to people on the
other side of it...and the more he gives out, the better a job he thinks
he is doing. After all, isn't that what he wanted government to do when
he was on the asking side of the door?

 --- In FairfieldLife@yahoogroups.com, do.rflex do.rflex@ wrote:
 
 
  Obama's Brilliant First Year
  By January, he will have accomplished more than any first-year
president
  since Franklin Roosevelt.By Jacob Weisberg
 
[Barack Obama. Click image to expand.]
  http://www.slate.com/id/2236712/
 
  Barack Obama
 
 
  About one thing, left and right seem to agree these days:
Obama
  hasn't done anything yet. Maureen Dowd
  http://www.nytimes.com/2009/11/22/opinion/22dowd.html?_r=1%26em 
and
  Dick Cheney
 
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/21/AR20091\
\
  02104242.html  have found common ground in scoffing at the
president's
  dithering. Newsweek recently ran a sympathetic cover story titled,
  Yes He Can (But He Sure Hasn't Yet).
 
 
  The sarcasm brigade thinks it's finally found an Achilles' heel in
his
  lack of accomplishments. When you look at my record, it's very
clear
  what I've done so far and that is nothing. Nada. Almost one year and
  nothing to show for it, Obama stand-in Fred Armisen recently riffed
on
  Saturday Night Live. It's chow time
  http://www.afterelton.com/blog/edkennedy/daily-show-10-06-09 ,
Jon
  Stewart asserts, for a president who hasn't followed through on his
  promises.
 
  This conventional wisdom about Obama's first year isn't just
  premature—it's sure to be flipped on its head by the anniversary
of
  his inauguration on Jan. 20.
 
 
  If, as seems increasingly likely, Obama wins passage of a health
care
  reform a bill by that date, he will deliver his first State of the
Union
  address having accomplished more than any other postwar American
  president at a comparable point in his presidency. This isn't an
  ideological point or one that depends on agreement with his
policies.
  It's a neutral assessment of his emerging record—how many big,
  transformational things Obama is likely to have made happen in his
first
  12 months in office.
 
  The case for Obama's successful freshman year rests above all on the
  health care legislation now awaiting action in the Senate.
 
 
  Democrats have been trying to pass national health insurance for 60
  years. Past presidents who tried to make it happen and failed
include
  Harry Truman, Lyndon Johnson, Jimmy Carter, and Bill Clinton.
Through
  the summer, Obama caught flak http://www.slate.com/id/2224026/ 
for
  letting Congress lead the process, as opposed to setting out his own
  proposal. Now his political strategy is being vindicated.
 
 
  The bill he signs may be flawed in any number of ways—weak on
cost
  control, too tied to the employer-based system, and inadequate in
terms
  of consumer choice. But given the vastness of the enterprise and the
  political obstacles, passing an imperfect behemoth and improving it
  later is probably the only way 

[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread nelson


--- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcg...@... wrote:

 
 
 --- In FairfieldLife@yahoogroups.com, authfriend jstein@ wrote:
 
  
  
  --- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcgurk@ wrote:
  
   Give ME money I don't have and I'll spend it like a drunken
   sailor, too!
   
   No one -- and I mean no one -- has spent more money more
   quickly than this president.
  
  No president has *needed* to spend money more quickly
  than this president. In fact, he didn't spend enough
  quickly enough. But if he hadn't spent what he did when
  he did, the economic situation in this country would be
  far, *far* worse than it is now.
 
 
 
 
 Well, then, you have to acknowledge that that figure of hate, George Bush, 
 did a good thing because HE started all the spending and it was done with 
 Obama's approval (remember that meeting in the oval office while the campaign 
 was going on with Bush, McCain, and Obama) and Obama continued it and 
 expanded it.
 
 So it was NOT change we can beleive it...it was unchange and expansion of a 
 George Bush policy.
 
 You can't have it both ways, folks.
 
  Both ways are are two sides of the same coin-donominator.



[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread BillyG


--- In FairfieldLife@yahoogroups.com, authfriend jst...@... wrote:

 
 
 --- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcgurk@ wrote:
 
  Give ME money I don't have and I'll spend it like a drunken
  sailor, too!
  
  No one -- and I mean no one -- has spent more money more
  quickly than this president.
 
 No president has *needed* to spend money more quickly
 than this president. In fact, he didn't spend enough
 quickly enough. But if he hadn't spent what he did when
 he did, the economic situation in this country would be
 far, *far* worse than it is now.


Pure speculation!




[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread ShempMcGurk


--- In FairfieldLife@yahoogroups.com, do.rflex do.rf...@... wrote:


 --- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcgurk@
 wrote:
 
  Give ME money I don't have and I'll spend it like a drunken sailor,
 too!
 
  No one -- and I mean no one -- has spent more money more quickly
than
 this president.


 Bananas.



ha ha ha ha ha.

Thanks SO much for finding and reproducing the graph below (sorry if it
doesn't reproduce from John's post) because it simply proves the point I
have been trying to make since Obama became president: IT IS NOT CHANGE
WE CAN BELIEVE IT, IT IS UNCHANGE FROM BUSH'S POLICIES AND, INDEED,
EXPANSION OF THEM.

Look at how little the slice of the pie is for Obama's agenda and how
large the collective slices are for Bush policies, Extension of Bush
policies and Stimulus bill!

The Obama Agenda slice is the teeniest, tiniest of all the slices,
singularly or collectively!

As I just posted to Judy's response to me: you can't have it both ways. 
Either it is change you can believe it or it isn't.  In this case it
isn't as your graph clearly indicates.

There is a T-Shirt advertised on the Drudge Report that says Welcome
Back Carter with the Obama campaign symbol accompanying it.  During the
campaign, in response to Obama's claim to McCain that his presidency
would be Bush's third term, McCain responded that Obama's would be
Carter's second.



But, to be honest and consistent we must conclude that, so far, it is
Obama's presidency that has turned out to be Bush's third term...oh, and
that's BEFORE we even discuss the Nobel Peace Prize winner's expansion
of the war in Afghanistan.  I'd say that makes Obama like LBJ and
Vietnam but it's more like Nixon and Vietnam, isn't it?  Because Vietnam
wasn't Nixon's war -- he inherited from his two Democrat predecessors --
yet the Left made sure to publicly call it Nixon's war...and now we have
Obama inheriting the Afghanistan war from a two-term Republican and, to
be consistent, we shall have to now refer to it as Obama's war,
especially since he is, if the press is to be believed, going to greatly
expand the war effort in the coming weeks.







 What Caused the Budget Deficit?

 David Leonhardt has a nice article breaking down the sources

http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html?hp
 of the growth in the budget deficit. Since Leonhardt works for The New
 York Times rather than USA Today, they didn't see fit to illustrate
 his article with a pie chart, but I made one myself:
 [deficit]
 — The first category — the business cycle — accounts
 for 37 percent of the $2 trillion swing.

 — Second, Bush-era legislation like his tax cuts and the
 Medicare prescription drug benefit, [that] not only continue to cost
the
 government but have also increased interest payments on the national
 debt.

 — Third, Obama's main contribution to the deficit is his
 extension of several Bush policies, like the Iraq war and tax cuts for
 households making less than $250,000 [...] 20 percent of the swing.

 — Fourth, About 7 percent comes from the stimulus bill that Mr.
 Obama signed in February.

 — Fifth, only 3 percent comes from Mr. Obama's agenda on
 health care, education, energy and other areas.

 In other words, the very high deficits are not Obama's fault according
 to any normal way of assessing political blame...

 More here: http://snipurl.com/rtyig http://snipurl.com/rtyig
 [yglesias_thinkprogress_org]








 But I guess that's what you get when you elect a community organiser
for
 president.
 
  What do community organisers do? Why, they knock on the doors of
 various levels of government with hand extended asking for money.
 That's pretty much a full time job for those in the upper echelons of
 community organisations.
 
  So when this guy became president and is now on the OTHER side of
the
 door he naturally thinks that his job is to give money to people on
the
 other side of it...and the more he gives out, the better a job he
thinks
 he is doing. After all, isn't that what he wanted government to do
when
 he was on the asking side of the door?
 
  --- In FairfieldLife@yahoogroups.com, do.rflex do.rflex@ wrote:
  
  
   Obama's Brilliant First Year
   By January, he will have accomplished more than any first-year
 president
   since Franklin Roosevelt.By Jacob Weisberg
  
   [Barack Obama. Click image to expand.]
   http://www.slate.com/id/2236712/
  
   Barack Obama
  
  
   About one thing, left and right seem to agree these days:
 Obama
   hasn't done anything yet. Maureen Dowd
   http://www.nytimes.com/2009/11/22/opinion/22dowd.html?_r=1%26em
 and
   Dick Cheney
  

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/21/AR20091\
\
 \
   02104242.html have found common ground in scoffing at the
 president's
   dithering. Newsweek recently ran a sympathetic cover story
titled,
   Yes He Can (But He Sure Hasn't Yet).
  
  
   The sarcasm brigade thinks it's finally found an Achilles' heel in
 his
   lack of 

[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread nelson


--- In FairfieldLife@yahoogroups.com, do.rflex do.rf...@... wrote:

 
 --- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcgurk@
 wrote:
 
  Give ME money I don't have and I'll spend it like a drunken sailor,
 too!
 
  No one -- and I mean no one -- has spent more money more quickly than
 this president.
 
 
 Bananas.
 
 What Caused the Budget Deficit?
 
 David Leonhardt has a nice article breaking down the sources
 http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html?hp
 of the growth in the budget deficit. Since Leonhardt works for The New
 York Times rather than USA Today, they didn't see fit to illustrate
 his article with a pie chart, but I made one myself:
   [deficit]
 — The first category — the business cycle — accounts
 for 37 percent of the $2 trillion swing.
 snip
  Bananas,indeed,
  Who was responsible for the business cycle bust--
   It seems that the fed has been orchestrating this sort of BS almost since 
its beginning and people still haven't ben able to see it- what a farce.  N.



[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread authfriend
--- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcg...@... wrote:

 --- In FairfieldLife@yahoogroups.com, authfriend jstein@ wrote:
 
  --- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcgurk@ wrote:
  
   Give ME money I don't have and I'll spend it like a drunken
   sailor, too!
   
   No one -- and I mean no one -- has spent more money more
   quickly than this president.
  
  No president has *needed* to spend money more quickly
  than this president. In fact, he didn't spend enough
  quickly enough. But if he hadn't spent what he did when
  he did, the economic situation in this country would be
  far, *far* worse than it is now.
 
 Well, then, you have to acknowledge that that figure
 of hate, George Bush, did a good thing because HE
 started all the spending

Right. He didn't have any choice if he wanted to avoid
major financial disaster.

 and it was done with Obama's approval (remember that
 meeting in the oval office while the campaign was going
 on with Bush, McCain, and Obama) and Obama continued it
 and expanded it.
 
 So it was NOT change we can beleive it...it was unchange
 and expansion of a George Bush policy.

Neither of them had any choice once the economy began
to collapse (largely as a result of GWB's policies,
including the billions spent in Iraq and on tax cuts
for the wealthy, as well as lax oversight of financial
institutions, many of which Obama is working to reverse).

But I guess that's what you
   get when you elect a community organiser for president.  
   
   What do community organisers do?  Why, they knock on
   the doors of various levels of government with hand
   extended asking for money.
  
  Uh, no, that's not what community organizers do. Maybe
  that's called community organizing in Canada, but not
  in the U.S.
 
 You have obviously done very little community organising
 in either country.  Again, I was referring to the upper
 echelons of community organisations and that is precisely
 what their main activity is.

Community organizing doesn't raise funds from government
because government is the *adversary*. Ever heard of Saul
Alinsky? Community organizations formed as a result of
community organizing (as distinct from other types of
community organizations), if they were to be funded by
government, would end up being coopted; they wouldn't be
able to confront the very governments that were funding
their existence.

 People on the lower echelons - like, obviously, you,
 Judy, if that has been your experience -- don't go to
 government to raise funds.  They either do the peon
 work or go to individuals and small companies to ask
 for money.

 That's not what the Harvard educated elitist Barack
 Obama was engaged in (and, indeed, it would have been a
 waste to use him doing that kind of stuff).

As a community organizer, oddly enough, Obama was
primarily engaged in organizing the community, not in
any kind of fundraising.

The idea of community organizing is to get the
community to recognize its self-interests, and then
empower the community to confront local government
and *demand* that it take various kinds of action to
further those interests. This may include working for
the election of sympathetic candidates, demonstrations,
picketing, negotiating with local officials to improve
community services, etc.

But the community organizer's job is to organize and
empower, not to make the actual demands him- or herself.
The community organizer, rather than being a community
leader, facilitates the community electing or appointing
its own leaders; they're the ones who make the demands.

I think you may be confusing other types of community
organizations, whose leaders may well beg the government
for funding, with the process of community organizing
and the organizations that result from that process.

None of this is to say that the ultimate goals of
community organizing don't often involve getting the
government to spend money, but it's a very specific
confrontational approach that's quite different from
standard hat-in-hand fundraising activities.




[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread authfriend
--- In FairfieldLife@yahoogroups.com, authfriend jst...@... wrote:
snip
 I think you may be confusing other types of community
 organizations, whose leaders may well beg the government
 for funding, with the process of community organizing
 and the organizations that result from that process.

P.S.: When organizations formed as a result of community
organizing need funding for their own activities--e.g.,
printing, mailing, and telephone costs, office space, gas,
ads in local papers--they raise money from the community
by holding local fundraising events (bake sales, auctions,
raffles, benefit concerts, etc.), going door to door, and
asking local businesses. They may also apply for grants
from private foundations and ask for donations from
civic-minded wealthy people. But generally they operate on
a shoestring.

The ultimate goal is to force government to accept the
community as a partner in its decision making. Obviously
it's highly political. And again, this is as distinct
from, say, your local arts council or Big Brother/Big
Sister program or branch of Habitat for Humanity. There
may be interaction between the two types of groups, but
the structure, process, and goals are quite different.




[FairfieldLife] Re: Obama's Brilliant First Year

2009-11-29 Thread ShempMcGurk


--- In FairfieldLife@yahoogroups.com, authfriend jst...@... wrote:



[snip]




 Neither of them had any choice once the economy began
 to collapse (largely as a result of GWB's policies,
 including the billions spent in Iraq and on tax cuts
 for the wealthy, as well as lax oversight of financial
 institutions, many of which Obama is working to reverse).


[snip]


I can't disagree with you vis a vis Bush's horrible spending record (which even 
pre late '08 stimulus and bail-out spending he had increased over 50% from what 
was Clinton's last year in office).

But the tax cuts?  Bush INCREASED the wealthy's share of income taxes that they 
paid as a percentage of overall revenue from income taxes.

As for lax oversight of financial institutions: yes, Bush has to take blame 
because it happened on his watch.  But it was the policies of Democrats mostly 
-- including those during the short-lived career of Senator Obama -- that was 
largely responsible fot he lax oversight.

If Obama is working to reverse them, good for him!  But it won't be done 
through government oversight as they are the #1 culprit in creating the 
environment for the problem to happen in the first place.