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6 comments:
Is anyone still fooled by the republican party and their empty platitudes on economics, national security and the ilk?
While the characters are screaming "9/11", "winning", "trickle down", and "mooseburgers" we are being robbed by these thugs. Our children are being robbed too.
What a shame, and it has been a long time since I have been this disgusted by a political organization and philosophy.
Talk to your guys Alan Greenspan and Bill Clinton.
Everytime Greenspan opens his mouth, it generates tumult in the markets. Clinton got legislation passed to loosen up lending rules. It took about 10 years to get to this point.
I think the administration, especially the SEC should have taken action about 4-5 years ago, especially with shorting stocks.
Republicans? Sure, they have some blame, but take a look at which party the money is going to, from Wall Street.
Not the GOP. Heck, Barack was cleaning house with Fannie Mae and Freddie Mac cash.
This post had nothing to do with who deserves credit for the full brunt of the current situation. I doubt you're willing to say that one party is more to blame than the other...or are you?
I would say that there are serious problems with the ideas of trickle down economics, and 'invisible hand' market correction (has anyone actually read Smith? This is such a misinterpreted metaphor). And I would blame the republican party for pushing the nonsense for the past 30 years. Of course the democrats are not all guilt free, but for the most part their philosophical starting point is not invalid.
I really can't wait to do the ".... bu, bu, but Bush..." for the next 8 years.
EMPLOYEES of Freddie and Fannie. With the huge piles of cash he is raking in everywhere it wouldnt surprise me if he was leading in fund raising for most of the Fortune 500 with that measurement. I doubt the companies themselves are that thrilled with his candidacy. No need to split hairs though, its just a talking point.
Let's agree that the current crisis is partially do to lending rules that were loosened in the late 90's (Clinton) and further loosened in the early 2000's (Bush).
Sure, I'll agree with you. Mostly because politicians from both parties were drinking to kool-aid of the Great Communicator. Did we see it coming, well kinda to an extent. But this really illustrates the utter emptiness of the philosophy of the postmodern republicans.
I do however have my reservations about the Dems feeling they just need to spread some New Deal Robitussin around to solve everything though. Today's democrats, as illustrated by your previous post, are not far enough away from the money and the problems to really do what they should and need to. Infinitely better than the repubs IMO, but clearly not the white knights they want us to see them as.
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