Monday, October 06, 2008

Republicans deserve to lose...

Want to know why we are in this "financial crisis"? You won't hear it from the mainstream certainly won't hear it from the Democrats or Liberals and most importantly, you won't hear it from the Republicans, especially not Senator John McCain...sigh...

Republicans and Conservatives had a golden opportunity in this election to kick some tail and actually put into office some solid leaders...but of course, we failed. Anyone who's been following politics for the past few years could have fairly easily predicted that the economy was going to be the "major" issue of this election, yet Republicans kept insisting that it would have more to do with the war in Iraq than anything else. A war which is basically won...a war which hasn't been an issue since the surge was instituted last January!

Here we had one of the best CEO's in the nation as a possible candidate, Mitt Romney...a man who co-founded and led one of the nations largest investment firms, but who also took over the Salt Lake Olympics when it was about $379 million short and managed to turn it around to earning a $100 million profit! And to top all that if it isn't enough, check this out...Upon entering the governorship of MA in January of 2003, Romney faced a projected $3 billion deficit through a combination of spending cuts, increased fees, and removal of corporate tax loopholes, by 2006 the state had a $700 million surplus and was able to cut taxes even further!

Oh...but, no...let's not look to this man to be the next leader to get us out of any sort of economic's instead look for Senator John McCain to lead know the man who's been in Congress for over 20 years, has little to no business experience and who's "pre-Congress" career was serving in the US Navy...great for a "war" president, not so great for an "economic" one...sigh....

It gets better though, everyone will applaud and cheer loudly when McCain picks a "conservative" running mate like Sarah Palin...course, never mind that she too has no business experience, afterall, she did manage to provide ONE tax break to the residents of know the state that has less population then the city I live in!!! And well, she did "fight" those big and evil oil corporations! What you may ask is her pre-political experience? Sportscaster...that should help out when it comes time to putting together a comprehensive economic plan, yes??

Well, her experience or lack there of, really doesn't matter anyway, since as a VP, she will have little to no Constitutional duties. She can try to "advise" McCain, but since he's a "maverick", its likely he won't listen anyway!

Does all this mean I will vote Obama...HELL NO!

Just means I am totally disgusted with both parties! Not that I ever believed in the one (Demoncrats). Just means that I have finally come to the conclusion that the only difference between Republicans and Democrats is that Republicans will institute socialism at a slightly slower rate than the Democrats.

One look at the recent bailout bill and all the CRAP that was included in it, not refused by Republicans, but actually happily agreed upon...demonstrates what I am talking about!

Worst of all...not ONE Republican is actually YELLING about this outrageous bill...and NOT ONE has actually spoken out publicly to expose who's actually at fault for causing this "crisis" fact, we heard from Palin last Thursday that this whole "mess" is due to greedy "Wall Street"...that totally turned my stomach to hear! Now we (Republicans) even regurgitate liberal talking points!!!

How about ONE Republican actually having the cashews to go on TV and tell the real truth? You know, being a real "maverick" and speaking out against, not only this pathetic bill, but also exposing the facts that led us to this "crisis"???

Do Facts Matter?
By Thomas Sowell

Abraham Lincoln said, "You can fool all the people some of the time and some of the people all the time, but you can't fool all the people all the time."

Unfortunately, the future of this country, as well as the fate of the Western world, depends on how many people can be fooled on election day, just a few weeks from now.

Right now, the polls indicate that a whole lot of the people are being fooled a whole lot of the time.

The current financial bailout crisis has propelled Barack Obama back into a substantial lead over John McCain— which is astonishing in view of which man and which party has had the most to do with bringing on this crisis.

It raises the question: Do facts matter? Or is Obama's rhetoric and the media's spin enough to make facts irrelevant?

Fact Number One: It was liberal Democrats, led by Senator Christopher Dodd and Congressman Barney Frank, who for years— including the present year— denied that Fannie Mae and Freddie Mac were taking big risks that could lead to a financial crisis.

It was Senator Dodd, Congressman Frank and other liberal Democrats who for years refused requests from the Bush administration to set up an agency to regulate Fannie Mae and Freddie Mac.

It was liberal Democrats, again led by Dodd and Frank, who for years pushed for Fannie Mae and Freddie Mac to go even further in promoting subprime mortgage loans, which are at the heart of today's financial crisis.

Alan Greenspan warned them four years ago. So did the Chairman of the Council of Economic Advisers to the President. So did Bush's Secretary of the Treasury, five years ago.

Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "de-regulation" that set the stage for the financial crisis. Do facts matter?

We also hear that it is the free market that is to blame. But the facts show that it was the government that pressured financial institutions in general to lend to subprime borrowers, with such things as the Community Reinvestment Act and, later, threats of legal action by then Attorney General Janet Reno if the feds did not like the statistics on who was getting loans and who wasn't.

Is that the free market? Or do facts not matter?

Then there is the question of being against the "greed" of CEOs and for "the people." Franklin Raines made $90 million while he was head of Fannie Mae and mismanaging that institution into crisis.

Read further here

No comments:

Blog Archive

BTTS - Where Personal Responsibilty is the EXPECTED NORM!