"Our nation is facing its gravest economic crisis since the Depression. It is bogged down in conflicts in Iraq and Afghanistan. The standard of living for most Americans, which had been largely flat during the 1980s and 1990s, has fallen during the past decade despite an economic expansion.
The meltdown on Wall Street has eroded the life savings of many Americans by a third. The fallout from the real estate bust could result in a loss of home equity of a third or more. We are far more dependent on foreign oil today than we were 35 years ago, when the oil embargo failed to awaken us from our slumber.
And thanks to a Bush administration that arrogantly chose to go its own way in Iraq and employed bullying tactics rather than reason and diplomacy to achieve its ends, we have alienated many of our longstanding allies around the world.
Change is needed — badly. Since World War II, there has never been a greater need for leadership, for a president who can pull a deeply divided nation together, someone who can help restore our self-esteem at home and help repair our tattered reputation abroad. Democratic Sen. Barack Obama is better equipped than Republican Sen. John McCain to meet that challenge.
Obama has the intellect needed to comprehend the complexities of the times and the ability to articulate his positions clearly and eloquently. He can inspire, and we believe he will be able to bring out the best in the American people at a time when our best will be needed. He also offers the best hope for building coalitions and winning back the support of our friends abroad, which he recognizes is critical, not only to help win the war on terrorism but to restore order in the world financial markets...."
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