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Originally Posted by Zack  You ignore the reality that the Republicans as a group are not the only reason the economy has failed. Carter started out state run Fanny Mae/Freddy Mac system that led to the crash and as discussed all over the reasonable news sources it wasn't deregulation that led to the fall but a combination of factors that all go back to Carter's invention. The failure happened when this invention gained so much power it was able to buy both political parties. The original bailout ($700 billion) had a $25 billion gift to this same group of community organizers that works hand in hand with the invention known under the name ACORN.
Raise taxes on business they pass them down, tax big oil they stop drilling and pass it down to the pump... you cannot tax an employer without hurting the lowest in the economy. When the states can't meet their budgets they will add on sales taxes and gas taxes bringing down the littlest guy on the consumer line... raise the minimum wage and tens of millions of state and federal pensions and programs must cost more and this only results in the dollar buying less. In 1967 I earned $2.48 an hour and lived well being able to buy a brand new Austin Healey 3000 for less than $3,000... all American cars fully loaded in the same level were under the price of the import.
It will be the liberal congress with no check that will blow this economy apart trying to give welfare to everyone that will support them! |
Some of your points are valid; but you ignore one thing. America has already decided that it does not like spending 10 to 15 billion dollars a month in Iraq. Simple mathematics are what the population can understand; not complex economics. That money being in Iraq could be better spent in America. Ask Arnold Schwarznegger what he could do with 15 billion dollars next month.
Half of your assertion makes perfect sense. We all should be more prudent of our finances and live within our means. But you still fail to realize that even though a 20-year-old making $7.00 an hour would be foolish to try to get a mortgage of $200,000 he is not breaking any laws in applying for one. But, companies such as Countrywide (to name one) were seriously bankrupt in their hope that giving people obviously unable to service debt such as this the mortgage. All this in hoping for more and more profits for the company- and now look what has happened! Lehman Brothers is no different. Toss in what the CEO's of these two companies bled from the companies and their shareholders and you should now be able to figure out what McCain should be talking about! Don't you think America would rather hear about this?
Take what Angelo Mazulo (Countrywide) and Richard Fuld (Lehman Brothers) have done to their companies and the American economy and tell me about what Americans want to hear. Add in the execs at AIG. Now you see why McCain is down in the polls. As long as he wants to kick the afore-mentioned dead dog; he will stay there.
