I still have my boxers a bit frazzled by the bailout, and even more so seeing smart, well informed liberals like my dad believe that Bush and his cronies in their last great move in the white house would ever do anything that would benefit the American people. Especially using the same crisis scare tactics that they have used to pass all their scams. Can you imagine the young 20 something full time worker, who will never even dream of owning a house, now spent one quarter of his total income so that wall street can continue to make poor financial decisions, make a S _ _ _ load of money and then leave out the back door leaving the average Joe to clean up the mess while they sail away on their yachts… I still can’t believe we let this happen. These executives should have taken their golden parachutes of the last 10 years and used them to pay their way out of this mess, either that or we should have sold them off into slavery. I am just so angry, when schools don’t have textbooks, people are left bankrupt paying medical bills for substandard care and a lack of good, basic preventative medicine. When the cost of living has quadrupled, the only new jobs being created are at the unemployment office, food stamps can’t keep up with demand….. But thank God the average American can still get that loan, and swipe that card…. that I am sure will save us… WAY TO GO US SENATE!!!! Thanks for nothing!!!! Makes even political minded liberals like me want to say screw it, and just vote Nader.
Socialized Financialism
“If your going to socialize financial risk, it isn’t a big intellectual leap to conclude that the same ought to be done for health care” Michael Sesit on bloomberg.com
Your dad does not believe that “Bush and his cronies…would ever do anything that would benefit the American People.” But I do trust that when Congress redid the bill, they changed it significantly. My concern is that Bush signed it so quickly. It makes me wonder if they made the needed changes.
But to quote my son, “Maybe I am wrong about this, who knows maybe the entire economy would have collapsed (if they didn’t pass it.)” As we learned from watching Religulous yesterday, we all have to admit we might be wrong and that we don’t always know or have all the answers. Politics is both “the art of the possible and the art of compromise” so we can only hope that in that process we got a bill that is good. This would be far more likely if the Dems had much larger majorities in both houses of Congress. This would prevent the R’s from filibustering good bills or having conservative Dems voting with the R’s in the House.