The fundamentals of our economy are strong? That's why we need $700 billion for a government bailout of financial institutions? The party of deregulation and smaller government now wants to nationalize the entire financial system?
I admittedly don't know all the ins and outs of high finance, but have no doubt that the Republican party is playing fast and loose with all of our retirements and our children's future. In short, they have shifted the cost of every golden parachute to the taxpayers. While every American just inherited thousands of dollars of debt and lost any chance of ever seeing retirement, Bush and his cronies will still get their yacht ride to the Caymans, protected from the misery they have left for us on the mainland. The Republican party is the party that wrecked America. This was the plan all along. Bail out and leave us holding the bag.
The issues facing our country are great - from environmental disaster to an economic system that will soon cease to function. Looming over it all is dwindling supplies of energy that make it impossible for us to navigate away from collapse. Wake up America. If we don't make a change, we're putting nails in our own coffin. If you choose the status quo, you are a threat to the worlds greatest country and the fate of mankind. If you truly believe in putting country first, then vote to put an end to the party that wrecked America. A day of reckoning will come, and you will be called upon to validate your decisions. Think long and hard about what your answer will be.
Reading through the archives is entertaining, though this one really made me LOL. "I admittedly don't know all the ins and outs of high finance"....indeed.
The current credit crunch was played out as result of Dems meddling in the market. When Freddie & Fannie created unlimited, government demand for any kind of mortgage loan, underwriters and originators were only too happy to comply. And who directed Freddie & Fannie in that regard? Yep, Dems. Starting with the Community Reinvestment Act, and then with further strongarming during the Clinton admin, those entities and their overseers (Dodd & "Fwank") directly fueled the fire. You may wish to believe otherwise, but with friends & family in the business since the 90's, I can attest to the direct effects. So, find a new scapegoat (hint, look at the other side of the aisle).
And I'll readily admit, as has Bush, that a bailout goes counter to all that conservatives hold dear. The difference is that you'll get that kind of admission from someone like Bush. Notice that only denials waft from the Dodd & Fwank camps. Too typical. But at this point, it's water under the bridge, and that water was broadly supported by both parties in Congress.
But really, the catastrophizing here is just too amusing. The "peak oil"-ists are always entertaining in that regard. But I'll really get a kick out of revisiting this article in about 12mos time. Since Obama is now standing watch, we can expect all of these issues to magically disappear. But, what will J-Dub say if things are worse in 12mos than they are now? Bush will have been out of office too long, and Obama will have already implemented a number of plans/decisions by that time. If the world is still coming to an end, will it be the Dems fault this time? Or will emotion still cloud out logic. I'm bookmarking this one so I can find out.
Posted by: The Sage | January 20, 2009 at 12:03 PM