[W]e cannot only have a plan for Wall Street. We must also help Main Street as well. I'm glad that our government is moving so quickly in addressing the crisis that threatens some of our biggest banks and corporations. But a similar crisis has threatened families, workers and homeowners for months and months and Washington has done far too little to help.

What he needs to say:

The Bush Administration has always put Wall Street before Main Street. First they lavished permanent tax breaks on the richest of the rich. But that wasn't enough. When GW Bush took office, there were still a few regulations that put some reasonable limits on the greed of Wall Street. So the Bush Administration eliminated those regulations and made it possible for Wall Street to go directly into the homes of the working folks on Main Street. Once inside, the Wall Street fat cats robbed the working people blind, in full daylight; they picked people's pockets clean, and they took their houses out from under them.

We thought it couldn't get any worse. But now business and government are robbing working people again: using taxpayer dollars to rescue, and reward, the same people who already robbed us of our jobs, our savings, our health care and our homes.

A Democratic Administration has to be willing to renew its promise to the people and say this is the end of unregulated corporate greed and corporate welfare. Business can be free to make a profit, but it must be an HONEST PROFIT; and that means going back to Main Street values and putting people first. Where do we start? We start with HOLC; but that isn't the end, it's just the beginning of what Democrats need to do to make this right...etc.

I'm sorry to see you refer to the Dems as "your party" instead of "our party."

Excerpt:

Many circumstances unrelated to reproductive health could also fall under the umbrella of "other medical procedures." Could physicians object to helping patients whose sexual orientation they find objectionable? Could a receptionist refuse to book an appointment for an H.I.V. test? What about an emergency room doctor who wishes to deny emergency contraception to a rape victim? Or a pharmacist who prefers not to refill a birth control prescription?

Jose Reyes hits a lead off homer as I type!

Wrote that these crises us'ly come to fruition in September and October. Hhhmm. Phillips feels this will be a real problem. Result of 25 year debt buildup. Oooffff. Bubble no longer sustainable.

Whoof--says Greenspan was Mr. Turn On the Spigot--but blames Clinton as well (Rubin and signing the Glass-Seagel (sp?) repeal (didn't mention it was the Repubs controlling Congress for that, but, hey).

Finance is 23-25% of our economy and most of that is built on debt. He points out that it always got govt assitance, which mfring never got. Oooff, again.

Phillips says newest proposal is to keep credit flowing and also to support the dollar. Seems to be hair of the dog. The arsonists are now coming around as the firemen (while pumping more gasoline on the fire).

Phillips' recent books are dense--and speak of dire times. How bad will it get? Pointed out real estate hit nadir during Great Depression in 1935-36. Says Paulson doing the Hoover happy talk. Obama? Never has much specific to say, and he's going with Rubin, hedge fund types, and U of Chi types. Okaaaay. Moyers noted that Obama's inspirational sounding talk deserts him when he talks about economics (so boooooooo-ring).

What will happen? Sees painful adjustment process. Fears we're approaching couple decades of great difficulty for most.

But if you think that was bad;

The Christian Broadcasting Network is reporting that the Obama campaign next week will kick off "Barack Obama: Faith, Family, and Values Tour," designed to woo the votes of left-leaning Catholics, progressive Evangelicals, and some conservative mainline Protestants. If LGBT people find the tour eerily reminiscent of the South Carolina gospel tour the campaign arranged last year with antigay "ex-gay" gospel singer Donnie McClurkin, their instincts may not be far off.

CBN names Catholic legal scholar Douglas Kmiec as one of the religious surrogates who will hit the road stumping for Obama. Kmiec wrote a June 13 op-ed for the San Francisco Chronicle supporting California's Proposition 8, the ballot measure to ban same-sex marriage, titled "On Same-Sex Marriage: Should California Amend Its Constitution? Say 'No' to the Brave New World."