By MIKE GLOVER 1 hour, 32 minutes ago

GREEN BAY, Wis. - Democratic presidential nominee Barack Obama moved to claim the mantle of fiscal responsibility in a roiling economy, vowing on Monday to slash federal spending on contractors by 10 percent and saving $40 billion.

Urging members of his own party to be just as fiscally tough as the most conservative Republicans, Obama said the $700 billion economic bailout plan proposed by the Bush administration and congressional leaders is forcing a renewed look at federal spending.

As president, Obama said he would create a White House team headed by a chief performance officer to monitor the efficiency of government spending.

"I am not a Democrat who believes that we can or should defend every government program just because it's there," Obama said at a rally in Green Bay. "We will fire government managers who aren't getting results, we will cut funding for programs that are wasting your money and we will use technology and lessons from the private sector to improve efficiency across every level of government."

"The only way we can do all this without leaving our children with an even larger debt is if Washington starts taking responsibility for every dime that it spends," he said.

Obama focused tightly on the economy in recent days, and he has urged Democrats and Republicans to join forces to approve a bailout of the troubled financial industry that not only saves the industry but protects taxpayers.

"We are here because an ethic of irresponsibility has swept through our government, leaving politicians with the belief they can waste billions and billions of your money on no-bid contracts for friends and contributors, slip pork projects into bills during the dead of night and spend billions on corporate tax breaks we can't afford and old programs we don't need," said Obama.

He linked the turmoil that's rocked Wall Street to federal spending he said has soared out of control, laying the blame at the feet of Republican policies he argued that rival John McCain is certain to continue.

President Bush ran for office on a platform of efficiency in government, Obama said, noting that Bush instead has presided over a mushrooming federal budget and deficits. Under Bush, spending on contractors has more than doubled, from $203 billion in 2000 to $412 billion in 2006.

"We cannot give a blank check to Washington with no oversight and accountability, when no oversight and accountability is what got us into this mess in the first place," said Obama. He warned that even as the government moves to bail out the financial sector there are signs that special interests are looking to profit.

Obama said he's spent the last two years running for president on a promise of change, and he mocked McCain's argument he can bring change to Washington.

"This whole change thing must be catching on," said Obama. "I've noticed that John McCain is trying to steal my signs. He trying to make up for 26 years in 26 hours. Who do you think has been running the government for the last eight years?"

He accused McCain of "an election-year conversion" that's brought change into his rhetoric.

"After 26 years of being part of this Washington culture, all that he has changed is his slogan for the fall campaign," said Obama.

McCain spokesman Tucker Bounds quickly dismissed Obama's speech as lacking substance. "After first promising a plan to address this economic crisis, all Barack Obama delivered for hardworking Americans was political attacks and a total lack of leadership," Bounds said.

Obama warned that the election is hard fought because special interests are fighting hard to keep their place at the table.

"It won't be easy, the kind of change we're looking for is never easy," said Obama. "What we are up against is a very powerful entrenched status quo in Washington who will say anything and do anything and fight with everything they've got to keep things just the way they are."

Whats this "Change" He Keeps Talking about? is He Wanting to Play Poker?

Is that your poker face?

Yeah! You Like it

HeHeHe Riiiiiight

I don't want to see obama's change, You know it is going to be a change in the wrong direction

Barry needs to practice what he " reads "...off the teleprompter...

Obama's Sub-Prime Buddies! Lehman Brothers, Merrill Lynch, & More
Updated September 15th - This Article is compiled from previous articles and new content. Bundler amounts have been updated, but individual contributions have not been updated since June. As a result, it is safe to assume that individual contributions have likely been doubled since the start of the General Election cycle.

As Senator Obama and his Democratic colleagues attempt to tie this weeks financial meltdown to John McCain, perhaps we need to re-examine the candidate who has benefited the most from the very Wall Street Executives who have brought us this financial crisis. Obama’s campaign has undergone little scrutiny on his long-standing ties to the financial and banking community. In Obama’s speeches across the country he has repeatedly criticized the Bush administration for allowing “evil” subprime mortgage lenders and investment banks to lead this county into our current mortgage meltdown. Obama’s rhetoric on the mortgage crisis has been pointed and blunt, as stated on his own campaign website, “Obama will crack down on fraudulent brokers and lenders…Obama has been closely monitoring the subprime mortgage situation for years, and introduced comprehensive legislation over a year ago to fight mortgage fraud and protect consumers against abusive lending practices”.

Throughout the campaign season Obama has attacked Wall Street’s financial sector and run a campaign based largely upon his “good judgment”. The problem with Obama’s rhetoric rests in the fact that tucked away in his database of 2.5 million donors is the approximately 180,000 power brokers that have funded nearly 60% of his campaign. Included in this list are the more than 594 campaign bundlers including 15 lobbyist bundlers who have accounted for over $140 million in contributions. Included in this list are just 36 bundlers accounting for over $18 million dollars, with two bundlers raising over $1 million, and one over $2 million. These amounts are impressive considering that just 552 individuals have accounted for nearly 1/3 of his total campaign contributions. Of course determining the occupation can be tricky considering the Obama campaign lists nearly 100 bundlers as having unknown occupations, nearly 100 who are listed as "self-employed", and dozens of "homemakers" and "retired" individuals.

Among Obama's campaign contributors are many Lehman Brothers Executives, such as CEO Richard Fuld ($2,300), President Joseph Gregory ($4,600) and dozens of other top Lehman Executives. On June 19th, Lehman shareholders filed suit against Fuld and Gregory for the company’s exposure in the subprime market. In addition to dozens of Lehman executives are Obama's bundlers from Lehman Borthers who have raised top dollar for the campaign. Direct contributions from Lehman Brothers have exceeded $395,000 for Senator Obama.