Good Luck
New member
It never ceases to amaze me the blind ignorance of partisan politics. The current economic woes are the end result of economic policies of both parties. Sure, the move away from banking regulation had it's impact. It was lack of adequate regulations that allowed banks to sell off bad debt in A rated investment packages. However, it was also government regulations that forced lending institutions into making those bad loans. Had the regulation requiring lending in economically unsound areas not been in place, there would have been far less need to repackage those loans and sell them off elsewhere. It was not selling off a billion dollars in loans that pulled the rug out from under our feet. It was the number of those loans that went into default. And THAT number was greatly multiplied by loans made under CRA regulations.
And let us not forget to look in the mirror when affixing blame for economic woes. Our society as whole is complicit with our overriding attitude of entitlement and personal credit spending. We talk all day about limited resources - when it comes to fossil fuels, metals, etc. We talk about recycling paper to save trees - while carrying protest signs made from cardboard and wood. We buy TVs by the gross to put in every damned room in our over sized McMansions, eat fat and salt laden food while laying in bed (no longer even making the effort to sit upright on a couch!!) watching TV for hours on end and demand "affordable" health care when our arteries clog up. We buy the biggest, baddest gas-guzzling monster truck laughingly mislabeled "SUV" and weep crocodile tears when gas prices soar, blaming oil companies and car companies for giving us what we demanded. We throw away more than we use on a daily basis, and wonder why things have gotten so damned expensive.
And now, those who were in the political minority in congress for a whole 10 years, and out of the white house for a whole 8 years are in full swing. Government is going to take care of it all because the democrats are now in power. What a fucking crock. The democrats are gonna fuck things up every bit as bad as those you now blame - because the policies you support are not significantly different than the policies that put us where we are - at least not where it matters.
When the government encourages more credit spending - which this administration is doing in spades - we are only making the problem worse while hiding it under a new coat of the same old paint we've been using since FDR. Hey, everyone - go buy a new car and government will help pay for it (with what?!?) while you go deeper in debt. Let's give the banks a few trillion dollars to encourage new lending! (isn't lending too much money to people who can't pay it back how we got here?)
Yes, we'll probably get away with artificially propping up our house-of-cards credit economy one more time - but for how long this time? 4 years? Maybe 6? What are we going to do when the "solutions" of today bring about the next economic crisis? (Besides listen to a bunch of brain dead republican partisans doing the same "it's their fault" political victory dance when the next crisis puts them back into power.)
And let us not forget to look in the mirror when affixing blame for economic woes. Our society as whole is complicit with our overriding attitude of entitlement and personal credit spending. We talk all day about limited resources - when it comes to fossil fuels, metals, etc. We talk about recycling paper to save trees - while carrying protest signs made from cardboard and wood. We buy TVs by the gross to put in every damned room in our over sized McMansions, eat fat and salt laden food while laying in bed (no longer even making the effort to sit upright on a couch!!) watching TV for hours on end and demand "affordable" health care when our arteries clog up. We buy the biggest, baddest gas-guzzling monster truck laughingly mislabeled "SUV" and weep crocodile tears when gas prices soar, blaming oil companies and car companies for giving us what we demanded. We throw away more than we use on a daily basis, and wonder why things have gotten so damned expensive.
And now, those who were in the political minority in congress for a whole 10 years, and out of the white house for a whole 8 years are in full swing. Government is going to take care of it all because the democrats are now in power. What a fucking crock. The democrats are gonna fuck things up every bit as bad as those you now blame - because the policies you support are not significantly different than the policies that put us where we are - at least not where it matters.
When the government encourages more credit spending - which this administration is doing in spades - we are only making the problem worse while hiding it under a new coat of the same old paint we've been using since FDR. Hey, everyone - go buy a new car and government will help pay for it (with what?!?) while you go deeper in debt. Let's give the banks a few trillion dollars to encourage new lending! (isn't lending too much money to people who can't pay it back how we got here?)
Yes, we'll probably get away with artificially propping up our house-of-cards credit economy one more time - but for how long this time? 4 years? Maybe 6? What are we going to do when the "solutions" of today bring about the next economic crisis? (Besides listen to a bunch of brain dead republican partisans doing the same "it's their fault" political victory dance when the next crisis puts them back into power.)
