tyflier
[Insert Witty Commentary]
First...I am NOT an Obama fan. I don't like Obama or his cabinet one bit. I DO, hoever, like a LOT more than electing G Dub'ya's cronies to a third term. Sure...Obama might be bringing back some "old faces". But it beats the heck out of having the exact same cabinet in power that got us into trouble in the first place...
And don't you remember?? Bush Sr...his administration was the last time the economy was this bad. Remember that? And then Clinton came into power, made some changes, did a few things, and got the economy back on track. But of course...the religous front and republican faithful were so abhored at the idea of a man getting sexual gratification outside of his marriage that everything else fell to the side. All of the GOOD that Clinton did was pushed aside because...why? Because he didn't admit in fron of his wife that he got a BJ from another woman? People clamoured for his job, shouted for impeachment!!
But no sign of impeachment for Bush after continuously lying under oath, forcing his administration to lie under oath, and creating an absolutely devestated economy based on lies, secrets, and their personal belief that the American Public was too stupid to protect itself.
The Economy was screwed by the ability of large corporations to screw the little guy by inflating profits beyond any reasonable limitation, so far out of proportion that every financial institution that we relied on was discovered to be broke. Institutions inflated debts by 33%, and layed those debts off on other institutions at a [further 33%. The poriginal debt of $100,000 is now being claimed as a "tax break" for upwards of $600,000. So that company gets a HUGE tax break on an inflated debt that doesn't exist.
All of a sudden...people start paying off their debts, and when it comes time for Company A to collect the $600,000 from Company C, they find out that Company C only collected $250,000. What happened to that $150,000 dollars left over??
It never existed. Company A's "net worth" was based entirely on a made-up, random percedntage of an original debt, purchased on faith at an inflated rate. Of COURSE they're going to go broke...
So what did Bush do? He decided that WE, the AMERICAN PEOPLE, are responsible to pay the debts that these companies now find themselves in. How is it that for the last 8 years, while these companies were raking in record breaking "profits", that WE are responsible when it comes out that they LIED about their net worth, and were spending OUR MONEY? You know what that's called?
It's called Privatizing Profits and Publicizing Debt. When things are going well...these companies rake in the dough, pulling in millions hand over fist. When the facade of stability crumbles, we, the people, having NO PROFIT in this company, are forced to cover their debts.
No...Bush didn't give people the loans. Bush allowed the corporations to regulate themselves, which caused an over-inflation of profitability, and an inflated sense of net worth. It created a false economy, that never existed, and gave loan and financial institutions carte blanche to lie to the public, and basically commit "legal fraud" every step of the way, until it all crashed down.
And if McCain had won the election...it would still be happening, for another 4 years or more, with the same faces that we saw over the last 8 years telling us the same lies, hiding the same truths, and performing the same civil atrocities to OUR PEOPLE under the false guise of National Security that has been going on since 9/11/01.
The "War on Terrorism" is G Dub'ya's best friend. Without the atrocity of 9/11/01, Bush would not have made it out of his first term. But scaring the crap out of people, and telling them they will die unless they follow him was the best thing that could have happened to him...
Of course...none of that matters, as long as you have your guns, God is taught in school(instead of scientifically proven facts), and abortions are illegal...right?
