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Tom French
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Posted: 06 October 2008 at 9:15am | IP Logged | 1  

William -- I'm sure we've gone through this before, but my short-term memory was destroyed years ago (I think...).  Where in PA?
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Mike O'Brien
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Posted: 06 October 2008 at 9:36am | IP Logged | 2  

Poll Date Sample Obama (D) McCain (R) Spread
RCP Average 09/26 - 10/05 -- 49.3 43.3 Obama +6.0
Rasmussen Tracking 10/03 - 10/05 3000 LV 52 44 Obama +8
Hotline/FD Tracking 10/03 - 10/05 909 LV 47 41 Obama +6
Democracy Corps (D) 10/01 - 10/05 1000 LV 49 46 Obama +3
Gallup Tracking 10/02 - 10/04 2728 RV 50 43 Obama +7
GW/Battleground Tracking 09/30 - 10/05 800 LV 50 43 Obama +7
Marist 09/28 - 09/30 943 LV 49 44 Obama +5
CBS News 09/27 - 09/30 769 LV 50 41 Obama +9
Associated Press/GfK 09/27 - 09/30 808 LV 48 41 Obama +7
ABC News/Wash Post 09/27 - 09/29 916 LV 50 46 Obama +4
Pew Research 09/27 - 09/29 1181 LV 49 43 Obama +6
Ipsos/McClatchy 09/26 - 09/29 1007 RV 48 45 Obama +3
Time 09/26 - 09/29 1133 LV 50 43 Obama +7
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Scott Richards
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Posted: 06 October 2008 at 9:37am | IP Logged | 3  

Mike,

Well, it's the End of Times.  We agreed again.

I'm definitely open to talking about it.  My first summer out of high school working in a steel mill, before going to college in the fall, opened my eyes to a lot of black people who had little education and were working hard to make a better life for their children.  Probably 40% of the people who worked their were black.  It was a hard, dirty job.  We would talk in the lunchroom and they were upset that their children weren't grateful for the sacrifices they were making and were joining gangs, getting arrested, dropping out of school, etc.  I could see the pain they felt because even though they wanted their children to be better off than they were but their children didn't listen and then complained when things got bad for them.  But, the strange thing is, the white people there said the exact same things about their kids.  That's when I realized that life is what you make of it and that each individual is the only one who can make life better for themselves.  No matter how much someone else does for someone, if they don't want to make themselves a better person, it's not going to help.

That is why I respect Bill Cosby's views on things.  A better life is available to anyone who wants it with enough hard work.  I worked 2 and sometimes 3 (usually minimum wage) jobs while I went to college.  It took me 8 years to get my degree because I worked so many hours a week that I could only take (and afford) a couple of classes a quarter.  I took advantage of student loans and have since paid them back in full.  I took no money from my family (though, even if I wanted to, we had none).  I got no grants.  I had no scholarships (I was a B+/A- student) so I paid my own way.  It was hard and it sucked.  But, if I went back, I'd do it again.  Anyone can do it.  There is even extra help available exclusively to black kids who want to go to college (like the United Negro College Fund) that wasn't available to me.

So, my summer in the steel mill along with the sacrifices I was willing to make to better myself and go to school definitely make up a large part of my views on the race issue and why I see it the way Bill Cosby does.

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Scott Richards
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Posted: 06 October 2008 at 9:40am | IP Logged | 4  

I've always thought that Bill Cosby's "problem" was that he doesn't realize not everyone is as capable and talented and intelligent as Bill Cosby.

Oh, I think he realizes that.  Not everyone needs/wants to be a star.  You don't have to have talent or be intelligent to make yourself better.

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William McCormick
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Posted: 06 October 2008 at 9:41am | IP Logged | 5  

William -- I'm sure we've gone through this before, but my short-term memory was destroyed years ago (I think...).  Where in PA?

*********

Mansfield. Small college town about 45 miles north of Williamsport.

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Mike O'Brien
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Posted: 06 October 2008 at 9:44am | IP Logged | 6  

I've always thought that Bill Cosby's "problem" was that he doesn't realize not everyone is as capable and talented and intelligent as Bill Cosby.

I agree with that - though there is some subtle differences here - he's got some good points about dignity and self-respect that are decent, and you will never go wrong with hard work, and a lot of that has to be factored in.

Having said that, he's failing to realize that not everyone is him.  It's not just a matter of hard-work - that's a slap in the face of every hard working black person in America. 

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Scott Richards
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Posted: 06 October 2008 at 9:54am | IP Logged | 7  

Having said that, he's failing to realize that not everyone is him.  It's not just a matter of hard-work - that's a slap in the face of every hard working black person in America.

That's really the only point we disagree on in this regard.  I don't see it as a slap in the face.  Yes, it's an extra hurdle to leap, but the same can be said of women, gay people, fat people, handicapped people, etc.  Life isn't fair, but life is what you make of it.

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Mike O'Brien
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Posted: 06 October 2008 at 10:13am | IP Logged | 8  

Scott, I agree with that in terms of women, gay people, etc, whatever.

I think we have to understand that the black experience is a whole other thing.  They and the Native Americans both have different hurdles that others do not have.

I hear what you're saying in your bigger post - later, as time permits, I'll expand some thoughts on that - I only have time for quick posts now.  But thanks for opening up.

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Michael Myers
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Posted: 06 October 2008 at 11:39am | IP Logged | 9  


 QUOTE:
I'm hoping someone with a little more knowledge on the subject than me can answer this. If a person who works for Fannie or Freddie gives money to a canadidate, how is that considered a contribution from the company itself?

If a group of them get together and form a PAC, how is that a contribution from the company itself?

If a group of my coworkers get together and contribute money to a candidate does that then make that money a contribution from the company we work for?

My understanding is federal law forbids contributions from businesses but not from individuals. Am I mistaken on this? So if all the employees give to a certain candidate that's all it is, individuals giving to a candidate. How does this put any candidate in "a company's pocket"?


William, the issue here is the charge that Senator Obama received more in campaign contributions from what the FEC terms a corporation's "restricted class" members and their families.  These comprise all stockholders and "executive or administrative personnel," to include "individuals employed by a corporation who are paid on a salary, rather than hourly, basis and *who have policy making, managerial, professional, or supervisory responsibilities*."  In other words, the charge is that the senator received more from people who stood to have a personal stake in any oversight or policy revisions. 

This is undeniable.  Senatror Obama, in two years, has received more from GSEs than House and Senate members with decades of presence under their belts.  Some have tried to use lobbyist contributions to counter that undeniable fact.  But this is a completely disingenuous argument, because it overlooks both the factual nature of lobbyist contributions, in toto, and because such contributions are not guidelined under the FEC's "restricted class" designation. 

In Senator McCain's example, the NY Times offered his ENTIRE lobbyist contributions record, even though those contributions covered a far broader range of companies than did contributions directly from the GSE restricted class and PACs.  These contributions do not, cannot accurately reflect the question of direct contributions from people who comprise the FECA determined guideline of "restricted class" members.

From my post on September 22nd:

The NY Times figures are disingenuous because the money they report for Sen. McCain is not coming directly from either Fannie Mae or Freddie Mac and their employees.  The contributors list includes people who simply sit on their boards.  There is also the money coming partly from contributions from lobbyist firms representing a WIDE array of companies.  Take the firm of Fierce, Isakowitz & Blalock, representing everyone from Coca-Cola to the Federation of American Hospitals; Recording Industry Association of America to Greene County, Missouri.  This long list included Fannie Mae only to the extent that Fierce, Isakowitz & Blalock represented them, too.

On the other hand, Senator Obama HAS received more money *directly* from the former GSEs, firms for whom he was responsible for regulating.  These contributors included individuals who, at the very least, had a stake in the direction of regulation as people in positions of power *at* the former GSEs on a daily basis.  Then, there are the contributions of the direct Political Action Committees of both Fannie Mae and Freddie Mac.  

If the argument is simply against lobbying of any sort, well, the "Lobbyists" have thus far given more to the Democrat's in this election cycle.  'Representative of a "new" era in Washington...or same old , same old?

PolitiFact: "Mostly" True

Lobbying?

NY Times: Lobbyist Contributions


Edited by Matt Reed on 06 October 2008 at 11:44am
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Michael Myers
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Posted: 06 October 2008 at 11:42am | IP Logged | 10  

 Marcio Ferreira wrote:
Thomas, I've been working in the financial market for about 15 years and at least for the past 10 years there have been a lot of warnings about the "buble" in US real state market.


No, not for the past "ten years," Marcio.  A decade takes us back to a time when the American real estate market was in a technical downturn.  It was only following the "dot-com" climax in 2000, and subsequent recession of 2001-2002, that real estate took off, again.  It was only at this time that the short-term interest rates saw successive cuts from 6.5% to the historically low 1% rate.

Hell, a decade takes us back to trying to use Monte Carlo formulations to figure pricing; and it wasn't until the early 2000's, with the adoption of the Li model for calculating basket credit derivatives, that CDOs took off in America.  So, what are you talking about?



 QUOTE:
In Brazil, black people is just black people, and they wear T-shirt's with saying "Black is beautiful".


Good.  The expression has roots about as American as you can get.  Dr. John Rock, an American abolitionist, is credited with coining the term "Black is Beautiful".  It first saw widespread adoption by the Black Power movement *in* America, in the 1960's, *before* being co-opted by Steven Biko and Black Consciousness Movement, et. al.


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Al Cook
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Posted: 06 October 2008 at 11:43am | IP Logged | 11  

Darn that Steven Biko and his co-opting.
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Matt Reed
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Posted: 06 October 2008 at 11:44am | IP Logged | 12  

You weren't here over the weekend, Michael, so I'll just let you know now.  Please don't cut and paste. Supply links only.  Thanks.
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