I believe that Sen. Obama should consider some bold initiatives to counteract the severe economic crisis facing our nation today.
If the Mexicans and Canadians deserve NAFTA, then as citizens of the US I think we have the right to demand a Domestic Free Trade Agreement. Sen. Obama should get together some of the smart people at University of Chicago and hammer out a plan whereby states with strong manufacturing or agricultural backgrounds can benefit from favored-trade status with states that have high concentrations of population in urban areas and thus stronger consumer markets. Some states have both and there should be provisions to encourage intra-state trade in those places to encourage more balanced growth between rural and urban areas without eminent domain violations or turning all of our farmland into strip malls.
As far as the housing/financial crisis goes, this thing is not getting better any time soon without a serious reconstruction of the problematic debt that is underpinning the whole merry-go-round shell game that is being played on Wall Street. If people think the subprime debt problem is bad then they should read up on Credit Default Swaps. Wikipedia the CDS market, read a book, google it, ask your financial advisors about it. Don't stop until we start getting some answers. The entire JPM/Bear Sterns deal was essentially a leveraged buyout to help a member of the federal reserve banking system cover a bunch of Credit Default Swap exposure. I realize this won't make sense to many people and it would take me days to explain it all so I would encourage everyone to go find out solid info on these debt structures.
For the sake of reference,
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