How much help can McCain be on the Economic Crisis?

So John McCain has "suspended" his campaign (which I guess, means get as much media attention as possible, continue with TV commercials, have your campaign offices nationwide push your candidacy and have your surrogates like Lieberman let everyone know how "presidential" you are being) to work on the Economic Crisis. So far he seems to have thrown a monkey wrench into it and we are not moving forward any more.

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Defending Two Good Men

Cross-posted from The Wayward Episcopalian.

Honor and ethics are very important to me. As I wrote on my personal blog earlier this week, the Gospel shows us that few things are more immoral than the abuse of power. When corruption scandals beset DC, I am usually very swift to condemn the accused, even if they are members of my own party - case in point, while in New Orleans, I volunteered for Karen Carter's 2006 midterm campaign to unseat Rep. William "Dollar Bill" Jefferson (D-Refrigerator).

Sometimes, however, ethics scandals are just a bunch of trumped-up hooey designed to generate headlines no matter what the personal cost, and that's exactly what we see unfolding today. The protestors, bloggers, and GOP aides trying to smear Senators Chris Dodd and Kent Conrad right now should be ashamed. Dodd and Conrad are two of the most honorable people in Washington, DC, and I do not for an instant believe either one knowingly or purposefully did anything wrong. This is especially true of Conrad, who has been a model of honesty in the way he has handled this scandal.

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Defending Two Good Men

Cross-posted from The Wayward Episcopalian.

Honor and ethics are very important to me. As I wrote on my personal blog earlier this week, the Gospel shows us that few things are more immoral than the abuse of power. When corruption scandals beset DC, I am usually very swift to condemn the accused, even if they are members of my own party - case in point, while in New Orleans, I volunteered for Karen Carter's 2006 midterm campaign to unseat Rep. William "Dollar Bill" Jefferson (D-Refrigerator).

Sometimes, however, ethics scandals are just a bunch of trumped-up hooey designed to generate headlines no matter what the personal cost, and that's exactly what we see unfolding today. The protestors, bloggers, and GOP aides trying to smear Senators Chris Dodd and Kent Conrad right now should be ashamed. Dodd and Conrad are two of the most honorable people in Washington, DC, and I do not for an instant believe either one knowingly or purposefully did anything wrong. This is especially true of Conrad, who has been a model of honesty in the way he has handled this scandal.

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Not Another Year in Review

     Well, it's another end of the year and with it comes the onslaught of year in review diaries and analysis. So, in keeping with the spirit of the times, I'd like to offer mine. Rather than review a litany of stories and issues that have developed over the past year, I thought I would do just one. I wanted to find the one story that stood out over all the others. Of course this is a formidable task considering the sheer volume of information we are bombarded with on any given day. More information does not necessarily translate into better information. As our sources of information are being reduced by mergers and media conglomerates, it is easy to get caught up in the hype of what others want us to know.

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Foreclosing on the American Dream

The current "mortgage meltdown" represents a triple whammy or a "perfect storm" for construction workers. Workers who build homes are facing mass layoffs as demand plummets for new homes. In August, the construction industry lost 22,000 jobs. Thousands of construction workers are facing foreclosure on their own homes. And workers' retirement funds may be tainted by misrepresented mortgage securities.

This year, 122 (and counting) mortgage companies have imploded, but it's middle class homeowners who are really feeling the pain. In the first half of 2007, nearly 1 million people are facing foreclosure - a 30 percent increase from 2006. It is estimated that more than 2 million homeowners will be in foreclosure before year-end. Among those are tens of thousands of workers who believed they had achieved the dream of owning their first home. With corporate homebuilders, many of them also mortgage lenders, frantically attempting to slice overbuilt inventory, the workers who build houses in many markets are being cut from payrolls as fast as new home developments sprout.

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Diaries

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