More Bush Shenanigans

So they're asking for 700 Billion dollars to bail out these financial institutions that gave bad mortgages, sliced and diced those bad mortgages into packages that were used to build other funds so the entire thing was a big ponzi scheme.

This all happened because for the last 8 years the Republicans have screamed that all regulations are the work of the devil and that the ONLY way for all the money that they gave to the rich and corporations to trickle down to the "common man" was by letting the market run wild.

A Lot of people made a Lot of money.

Now, the same people (McCain) who never saw a deregulation scheme they didn't support are screaming about greed and how regulation is needed. Obama was actually calling for real oversight in 2006, but he was called a socialist for even suggesting it.

This is a final fuck you from Bush (hopefully final, as in he and his ilk actually intend on leaving office). They've allowed the market to fuck things up so badly that they're framing it as the apocalypse, an impending depression, worldwide economic collapse. It reminds me a lot of the WMD lies that got us into Iraq so they could make a fuckload of money (or just outright steal it). It reminds me of the Patriot Act where this administration saw an opening to flame the fire of fear and take unlimited power. They are the ultimate opportunistic cynicists. It is all about them taking your money.

We need to do exactly the opposite of what McCain and the republicans have done for the last 8 years .

We need to rollback the tax breaks on the wealthy.
We need to tax corporations and regulate them.
We need to curtail CEO salaries and payouts.

You can just imagine Bush and company, hoping the chickens wouldn't come home to roost for another 6 months. Even though the mechanics are different, the last Bush left us with the Savings and Loan crisis. In 1979 Republicans pushed the deregulation of the SnLs. 8 years of Regan and 2 of Bush Sr. Later, we had a 1.6 Billion dollar bailout. The friends of the Republicans (including Bush jr.s brother Neil, with the Silverado Savings and Loan) and John MCCain who was part of the Keating 5, "five U.S. senators (Alan Cranston, Don Riegle, Dennis DeConcini, John Glenn & John McCain) were implicated in an influence-peddling scheme".

Now, we've got another Bush and a 700 Billion dollar bailout.

I've heard this is a conspiracy to put the final nail in the US economy so that if Obama wins, he will be so curtailed that there will be no money to do anything like fix health care, shore up Social Security, invest in oil independence.

But that's just so cynical.

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