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Wednesday, August 27, 2008

Joe Biden speech; "Obama's alternative energy plan will create 5 million new jobs in the USA"

Joe is a man of the people and it was great to see him connect again tonight. Contrasting the dinosaur-ish McCain with the modern visionary Barack Obama, Joe succinctly laid out one of the most attractive benefits of investing in renewable power sources such as thin film solar power, geothermal energy plants, windpower farms, biofuels and wave / tidal power.


Joe Biden Energy Policy in Acceptance Speech:

I profoundly disagree with the direction that John wants to take the country. For example,

John thinks that during the Bush years "we've made great progress economically." I think it's been abysmal.

And in the Senate, John sided with President Bush 95 percent of the time. Give me a break. When John McCain proposes $200 billion in new tax breaks for corporate America, $1 billion alone for just eight of the largest companies, but no relief for 100 million American families, that's not change; that's more of the same.

Even today, as oil companies post the biggest profits in history--a half trillion dollars in the last five years--he wants to give them another $4 billion in tax breaks. But he voted time and again against incentives for renewable energy: solar, wind, biofuels. That's not change; that's more of the same.

Millions of jobs have left our shores, yet John continues to support tax breaks for corporations that send them there. That's not change; that's more of the same.

He voted 19 times against raising the minimum wage. For people who are struggling just to get to the next day, that's not change; that's more of the same.

And when he says he will continue to spend $10 billion a month in Iraq when Iraq is sitting on a surplus of nearly $80 billion, that's not change; that's more of the same.

The choice in this election is clear. These times require more than a good soldier; they require a wise leader, a leader who can deliver change--the change everybody knows we need.

Barack Obama will deliver that change. Barack Obama will reform our tax code. He'll cut taxes for 95 percent of the American people who draw a paycheck. That's the change we need.

Barack Obama will transform our economy by making alternative energy a genuine national priority, creating 5 million new jobs and finally freeing us from the grip of foreign oil. That's the change we need.



Democratic VP Candidate Joe Biden speech in Denver


Below are Joe Biden's remarks from the Democratic Convention on August 27th in Denver Colrado, as prepared for delivery.

------

Beau, I love you. I am so proud of you. Proud of the son you are. Proud of the father you've become. And I'm so proud of my son Hunter, my daughter Ashley, and my wife Jill, the only one who leaves me breathless and speechless at the same time.

It is an honor to share this stage tonight with President Clinton. And last night, it was moving to watch Hillary, one of the great leaders of our party, a woman who has made history and will continue to make history: my colleague and my friend, Senator Hillary Clinton.

And I am honored to represent our first state--my state--Delaware.

Since I've never been called a man of few words, let me say this as simply as I can: Yes. Yes, I accept your nomination to run and serve alongside our next President of the United States of America, Barack Obama.

Let me make this pledge to you right here and now. For every American who is trying to do the right thing, for all those people in government who are honoring their pledge to uphold the law and respect our Constitution, no longer will the eight most dreaded words in the English language be: "The vice president's office is on the phone."


Barack Obama and I took very different journeys to this destination, but we share a common story. Mine began in Scranton, Pennsylvania, and then Wilmington, Delaware. With a dad who fell on hard economic times, but who always told me: "Champ, when you get knocked down, get up. Get up."

I wish that my dad was here tonight, but I am so grateful that my mom, Catherine Eugenia Finnegan Biden, is here. You know, she taught her children--all the children who flocked to our house--that you are defined by your sense of honor, and you are redeemed by your loyalty. She believes bravery lives in every heart and her expectation is that it will be summoned.

Failure at some point in everyone's life is inevitable, but giving up is unforgivable. As a child I stuttered, and she lovingly told me it was because I was so bright I couldn't get the thoughts out quickly enough. When I was not as well dressed as others, she told me how handsome she thought I was. When I got knocked down by guys bigger than me, she sent me back out and demanded that I bloody their nose so I could walk down that street the next day.

After the accident, she told me, "Joey, God sends no cross you cannot bear." And when I triumphed, she was quick to remind me it was because of others.

My mother's creed is the American creed: No one is better than you. You are everyone's equal, and everyone is equal to you.

My parents taught us to live our faith, and treasure our family. We learned the dignity of work, and we were told that anyone can make it if they try.

That was America's promise. For those of us who grew up in middle-class neighborhoods like Scranton and Wilmington, that was the American dream and we knew it.

But today that American dream feels as if it's slowly slipping away. I don't need to tell you that. You feel it every single day in your own lives.

I've never seen a time when Washington has watched so many people get knocked down without doing anything to help them get back up. Almost every night, I take the train home to Wilmington, sometimes very late. As I look out the window at the homes we pass, I can almost hear what they're talking about at the kitchen table after they put the kids to bed.

Like millions of Americans, they're asking questions as profound as they are ordinary. Questions they never thought they would have to ask:

* Should mom move in with us now that dad is gone?
* Fifty, sixty, seventy dollars to fill up the car?
* Winter's coming. How we gonna pay the heating bills?
* Another year and no raise?
* Did you hear the company may be cutting our health care?
* Now, we owe more on the house than it's worth. How are we going to send the kids to college?
* How are we gonna be able to retire?

That's the America that George Bush has left us, and that's the future John McCain will give us. These are not isolated discussions among families down on their luck. These are common stories among middle-class people who worked hard and played by the rules on the promise that their tomorrows would be better than their yesterdays.

That promise is the bedrock of America. It defines who we are as a people. And now it's in jeopardy. I know it. You know it. But John McCain doesn't get it.

Barack Obama gets it. Like many of us, Barack worked his way up. His is a great American story.

You know, I believe the measure of a man isn't just the road he's traveled; it's the choices he's made along the way. Barack Obama could have done anything after he graduated from college. With all his talent and promise, he could have written his ticket to Wall Street. But that's not what he chose to do. He chose to go to Chicago. The South Side. There he met men and women who had lost their jobs. Their neighborhood was devastated when the local steel plant closed. Their dreams deferred. Their dignity shattered. Their self-esteem gone.

And he made their lives the work of his life. That's what you do when you've been raised by a single mom, who worked, went to school and raised two kids on her own. That's how you come to believe, to the very core of your being, that work is more than a paycheck. It's dignity. It's respect. It's about whether you can look your children in the eye and say: we're going to be ok.

Because Barack made that choice, 150,000 more children and parents have health care in Illinois. He fought to make that happen. And because Barack made that choice, working families in Illinois pay less taxes and more people have moved from welfare to the dignity of work. He got it done.

And when he came to Washington, I watched him hit the ground running, leading the fight to pass the most sweeping ethics reform in a generation. He reached across party lines to pass a law that helps keep nuclear weapons out of the hands of terrorists. And he moved Congress and the president to give our wounded veterans the care and dignity they deserve.

You can learn an awful lot about a man campaigning with him, debating him and seeing how he reacts under pressure. You learn about the strength of his mind, but even more importantly, you learn about the quality of his heart.

I watched how he touched people, how he inspired them, and I realized he has tapped into the oldest American belief of all: We don't have to accept a situation we cannot bear.

We have the power to change it. That's Barack Obama, and that's what he will do for this country. He'll change it.

John McCain is my friend. We've known each other for three decades. We've traveled the world together. It's a friendship that goes beyond politics. And the personal courage and heroism John demonstrated still amaze me.


Full text: Complete Transcript of Joe Biden VP Acceptance speech in Denver



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1 comment:

chessiakelley said...

I'm glad to have so much focus this week on energy consumption. While I still don't believe that Obama has prioritized energy, as this is the first time there has been much talk of it in the election, at least now he is stumping for wind and solar rather than ethanol which may be good for Illinois farmers but would be bad. And of course it is more of a priority than McCain. Up until now it has mostly been up to individuals and corporations to take the initiative to go green, typically at a larger upfront investment. I work for Sharp LCD TV which has done just that by installing one of the largest solar panel rooftops in the world in its factory in Japan. Unless more companies follow their example, the politicians will have to start getting serious.

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WARNING: Investing in common equity of public companies is a high risk, high potential reward activity. Owning investments in individual alternative energy companies is for high risk investors only, and medium risk investors should consider green mutual funds, clean energy funds, renewable power index funds and other sector plays. Even then, these should be owned as part of a widely diversified portfolio. There is a gathering mania for investing in publicly-traded alternative energy companies, similar to the computer, technology, internet and banking / real estate booms of the past two decades. There will be some nasty corrections along the way, and some years from now when they come crashing down en masse, the world will still benefit from all the amazingly advanced clean and efficient energy technology created during the bull run. (Above note re-written March 2009 as my earlier prediction of a market top and a crash in the sector starting in August '09 was hastened by the credit markets collapse and began in August 2008, before the bubble had fully formed. Of all the sectors in the equity markets, clean energy has the best prospects to assume market leadership and public favour; we are bouncing aong the bottom still, and those who have followed our guidance to begin including (in a judiciously blended portfolio of cash, bonds, stocks and yes, um... real estate) green energy investment funds dollar-cost-averaging programs in Winter and Spring of 2009 are well positioned for longterm capital growth.)

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