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Obama's major 55 minute speech from Osawatomie, Kansas

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    Transcript of speech delivered at Osawatomie High School, December 6, 2011:

    I watched Barack Obama's 55 minutes speech on MSNBC a little while ago. He chose Osawatomie for the venue for this major speech because this is where Teddy Roosevelt in 1910 made his "New Nationalism" address emphasizing the need for a strong middle-class and income equality.

    I don't know yet where you can view it online, but the transcript above was provided to media before delivery. I think he kept to the script. I will extract only two short paragraphs for which his words "they are wrong" received the loudest applause.

    "Now, in the midst of this debate, there are some who seem to be suffering from a kind of collective amnesia. After all that’s happened, after the worst economic crisis since the Great Depression, they want to return to the same practices that got us into this mess. In fact, they want to go back to the same policies that have stacked the deck against middle-class Americans for too many years. Their philosophy is simple: we are better off when everyone is left to fend for themselves and play by their own rules."

    "Well, I’m here to say they are wrong. I’m here to reaffirm my deep conviction that we are greater together than we are on our own. I believe that this country succeeds when everyone gets a fair shot, when everyone does their fair share, and when everyone plays by the same rules. Those aren’t Democratic or Republican values; 1% values or 99% values. They’re American values, and we have to reclaim them."

    This was Obama at his best...

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    CNN has a highlight video, but I might have highlighted a few additional points. It's okay though.

    Here's another quote from CNN:

    "Inequality also distorts our democracy," he added to applause. "It gives an outsized voice to the few who can afford high-priced lobbyists and unlimited campaign contributions, and runs the risk of selling out our democracy to the highest bidder. And it leaves everyone else rightly suspicious that the system in Washington is rigged against them -- that our elected representatives aren't looking out for the interests of most Americans."

    On the other hand, Fox News skipped it entirely. I checked. Guess they want their viewers to remain in their "bubble of ignorance."
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    Was he talking about the Democrats?
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    Lot to like in Obama's speech, in what I've seen of the highlights.

    I'm gonna attempt to listen to the speech and make comments as they come to me.

    "I got my name from my father/my values from my mother"
    Trust me Mr. President, a lot of white people would not have voted for you otherwise.
    People need to remember that we have elected a bi-racial angel. We have still one more parent to go, and I think it's going to take awhile. Racism is still alive and well.

    Geez...these are terrible comments. Try to focus on the speech.

    "Even before recession, hard work stopped paying off"
    Are we just figuring this out?
    President's behind the curb....he's not an economist.

    "Collective amnesia"?
    Mr. President you are ignoring the Clinton Surplus and insufficient and badly targeted Bush deficits. Putting the Domestic Private System in Ponzi is bone-head stupid. Government defict=domestic private sector surplus + Capital Account surplus. GRRR!!!!!
    Mr. President, bring Mosler into the White House.

    "Free market is not license to take whatever you want from whomever you can"
    Right on, Mr. President. Let your Bull Moose hang out. Teddy Roosevelt part of speech is solid.

    Trickle-down "has never worked."
    You know Conservatives and Communists have far more in common than anyone admits.
    To a Conservative....problem is not enough trickle down...not enough deregulation...not enough limitations. They're like Communists who think they have to take over the entire world before it could possibly work.

    Right on, Mr President. Speech is getting into strong defense of broad based progressive economics.

    "Selling out democracy to a highest bidder"
    Obama still thinks he has credibility on campaign finance reform.
    This is a problem. No longer can be defended. Administration avoids all debate/criticism of Obama's campaign finance operations.

    That chance of Middle Class life for those born poor is sliding to 1/3: "It flies in the face of everything that we stand for!"
    Obama at his absolute best.

    Nothing can stop us. Our strengths meet the moment.
    "National Mission of Education." oh boy....Conservatives are not going to like that.
    Obama attacks student loan debt? The Conservatives are going to go nuts. It's the Occupy America speech! Socialist takeover! AHHHHH!!!!!

    Wait a minute....Made in America.

    He wants an export nation? Is that even possible?

    Oh shit....deficit reduction?
    In this fucking speech?
    I think I'm going to lose it here.

    Nothing is going to change.
    If you want to raise taxes on wealthy, do it to offset new spending or tax cuts for lower rate workers. President is wrong. I dissent.
    I'd take Roemer. He's not in a bubble. In fact, he's said "deficits are not the problem."

    Mr. President, "a full blown financial meltdown" would have resulted in the Dark Age, forget a Depression.

    We have not stopped TBTF...the banks are still 80/20..public-private.

    The "New Rules" are weak. President even seems to suggest this.

    I like Obama's populist capitalism. Fair play, fair shot, fair share.

    Rhetoric is there.

    Why the fuck is the jab at homeowner's necessary? What are we, back to fucking hippie punching too?
    Really? Seriously?....Mr. President, you sell out and undermine the progressive cause, time after time, and then you wonder why rightwingers don't trust you. Which is it Mr. President? Do we need a deficit or do we need to cut back? Did fraud cause crisis or did homeowner's buying mortgages they couldn't "afford" cause crisis?

    Rah, Rah, Rah Progressives!!!! Ah phooey! The liberal establishment is dead. Gonzo rules.

    Deficit Owls are the Last Progressives Left. I heart MMT.

    Federal Government does not have to borrow it's own money. It does no such thing. Bonds add net financial dollar assets to the private system. If we paid off the national debt, we would destroy all net dollars saved. Sovereign issuers of currency can't "issue" currency without "negative equity." Fundamental law of accounting. And it's not inflationary if it results in more imports and higher levels of domestic saving, or in a situation where aggregate demand is below real output potential. And trade deficits aren't bad, so long as you run proper deficits to offset domestic productive-labor loss.
    You want a culprit for inflation: ENERGY PRICES.

    Nocando-"Time Won't Tell."
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    Now, there was lot to like in Obama's speech. 

    I especially like the part about- 'We're not better on our own, with everybody playing by their own rules."

    That's getting into Elizabeth Warren style rhetoric...."nobody got rich on their own."

    Rightwingers will be quick to say that this "communalism" a path to slavery. 

    Obama hit the nail on the head describing RW views:  if trickle-down doesn't work, "that's the price of liberty." 

    Their view of just fucking warped.  And it's really because they don't have a theory.  They want power and they will say anything to stand opposed to whatever the President is doing.
    Can't have "liberty" if government does nothing to stop fraud.   And the financial fraud on Wall Street just continues on and on......

    And it's just fucking hypocrisy to say federal government should not regulate Wall Street.....guess what? Reagan era pre-emption of state laws by federal government to smooth out national finance sector, effectively leaves us with no fucking regulator if federal government does not do its job.  Republicans are not about State's Rights.  They are about the corporate interests and privaleges that benefit them.     

    Obama often talks the talk, but his campaign finance operations hang huge question marks over anything he does. 
    Democrats who act aghast at this are being ridiculous.  They know it's true and they are comically fooling themselves.   

    Obama's billion dollar election efforts have only added to the questions surrounding the role of money in politics.  
    And it has made it harder for Reformers or Progressives (I have finally bought into the label) to make the case to Conservatives that we've got to do campaign finance reform.  

    Buddy Roemer is our most effective advocate. 

    We need a Progressive bi-partisan/non partisan ISSUE oriented coalition.  A Coalition of the Willing. 
    Let us convene with the Great Spirit of the Bull Moose, as Americans first, partisans second.
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    "Why I Support Occupy Wall Street" - Gov. Buddy Roemer

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    Two Speeches, Two Lefts: Barack Obama and Teddy Roosevelt
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    End Accounting Control Fraud on Wall Street

    NIN: Discipline. 
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    One last thing from me:

    I think it would be irresponsible to not vote for Nov. 2012.....given his likely opponents. Now, Roemer might run a third party bid...and is definitely looking at it....through Americans Elect.....if I am in a swing state I'm voting Obama, unless Roemer's numbers are through the roof. Now, I live in a Red State: TEXAS. You people in swing states need to vote for the President. If a Republican not named Roemer gets elected.....we're in deep deep shit. I don't want Roemer splitting the vote in Blue States and especially battle ground States. Not unless he's going to win.

    Look, I think there's got to be a point more to this than just stopping the Guardians of Privalege.

    I'm sick of holding actions. I'm going rogue. I'll try to speak more respectfully of the President as we get closer to election day, but I will not be held responsible for the content of these public outbursts of disaffection when the White House pisses me off. Everytime he talks about deficit reduction, I will boo loudy. He's wrong. POTUS is wrong. From the looks of polls, 90%+ of the American people are wrong. I don't care if its 99.9% of the population. They'd still be wrong. Deficit reduction is Deficit Stupid. Don't be Deficit Stupid, Mr. President. Frankly, just shut the hell up and send an advisor or an economist out there who can still remember what's taught in National Income Accounting 101.

    This county is bat shit fucking crazy.

    National Debt=non-government savings.

    Those trying to forecast 75 years out are flat-out ridiculous. They are not Wizards.

    We should be worried about people out of work now.

    As far as my support of Roemer is concerned:
    If I'm going to have a president who speaks in doublespeak on deficits and debt, I'd take one who's also a REAL leader by example on campaign finance reform. Maybe my dissent and others' like me, might spur more action by Obama? I think that is obviously the case.

    And Roemer is a mainstreet CRA governed banker....and it's not clear what he actually believes......he's said "the deficit is not the problem." I think he's trying to avoid an argument that's bound to not sit well with the Republican voters he's trying to target.

    But the reason I support Roemer over Obama is campaign finance reform. I believe it is the number one priority of reform. Everything else depends on it. And I think it can be done without Constitutional Amendments.

    Government acting as a creditor, buyer, and seller in the marketplace can compel its voluntary trading partners to submit to campaign finance and political spending regulations as a condition of engaging in commerce with the government. You do not have a 1st amendment right to pay for favors from the government. The threat of corruption is a clear and present danger to any free government. The sanctity of the representative bodies and a government 'of, for, and by the people' should be heavily guarded.
    The full violence of the justice system should be unleashed upon those who attempt to corrupt the government and usurp the people's authority over their representatives. It ought be considered Treason.

    Occupy Everything.

    Chris Hedges speaking at Occupy Wall Street: Radical movements keep this country honest!