Bush's Legacy of Failure
Once again there was our president, presiding over disasters in part of his making and on his watch, grinning with an aplomb that suggested a serious disconnect with existing reality.
Once again there was our president, presiding over disasters in part of his making and on his watch, grinning with an aplomb that suggested a serious disconnect with existing reality.
2008 offered quite the election, with both parties fighting to set our nation's direction. It took forever for Hillary Clinton's concession, and Reverend Wright was not a good connection.
Clearly the allegiance of the Republicans who opposed the loan to save GM and Chrysler is not with the US, which would lose 900,000 jobs if just GM closed, and more than 2.1 million if the Big Three did.
Fed Chairman Ben Bernanke may be running for a "Hero of Wall Street" award. Last week, he threw his body -- or, more accurately, ours -- over the railroad tracks to slow an onrushing Bear Stearns trainwreck.
The acrobatics of the Bear rescue suggest the depths of the abyss that our financial leadership has dug for us. Does anyone believe that this is the last time we will hear Fed sirens wailing in the night?
If business schools don't change -- fast -- they'll become like military academies after the first world war: discredited and obsolete.
Think about that for a minute. $900 billion dollars, racked-up before your very eyes. This at a time when the federal government is already bleeding money.
Wall Street is in a full meltdown. Bear Stearns is gone, so the markets are wondering who's next. The leading contender? Lehman Brothers.
Last week a mix of water and sanitation experts gathered for World Water Week in Stockholm, Sweden to mull over the world's biggest public health crisis. The problem is that not enough people paid attention.
Reagan is often looked upon as the Republicans' FDR. But Reagan sold the nation a bag of goods. We can finally see clearly the failed results of this three-decade experiment in laissez-faire capitalism.
While I am not condoning Spitzer's use of prostitutes, what I am suggesting is that perhaps we should not be so quick to celebrate Eliot Spitzer leaving the American stage.
Scrap the 401k, not because the it's flawed, but because the opportunity that exists with multi-family real estate, which will produce incredible returns while protecting retirement dollars.
What happened, I thought the government was unnecessary? I thought "unfettered" markets would do their magic if you just deregulated them. Why are you fettering?
Controversial government programs are theoretically restrained by checks and balances, but neither Congress nor the courts have a way to check a secret program.
Our financial collapse is the fiscal consequence of the economic philosophy that markets are always good and government is always bad. But it is also the moral consequence of greed.
At business's urging, business was left up to its own devices; its own devices turned out to be precisely the things that our grandparents set up regulatory agencies to guard against.
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We should all know by now:
Shock Doctrine,
Robber Barons,
Conservative=corporatist=fascist=GOP=BushCo=McCain=Bankruptcy.
Bankrupt morally, intellectually, politically.
Bankrupt financially unless you are one of the few chosen cronies.
The Permanent republican fascist majority is still moving forward toward a Hoover depression, so they can further dominate the peasants and avoid prosecution.
That is why Impeachment hearings are NEEDED, I could care less if the Senate rethugs block conviction, ...
Impeachment hearings are so necessary to put the BushCo fascists on the defensive:
to stop and reverse their forward momentum toward total control.
To stop the Iran War Crime from every starting
To end the Iraq War Crime,
To stop Torture, DOJ partisan justice, Orwellian surveillance, Looting of the treasury by war profiteering cronies, partisan MSM propaganda blitz, and god knows what else.
We need to strip away executive privilege and expose the fascist cronyism that has stained our democratic republic. We need to strip away the 1000's of lies and deceptions of Bush&Co.
House: start the Impeachment!
Heck of a job, Dumbya.
It's going to continue to drop as long as we have the drain of Iraq and Afghanistan both! We can no longer afford these expensive wars. A war that is run by Texas Pirates and War Profiteers who are making a killing at our economies expense. If McCain gets in the drain is going to increase! Because it's likely he will start another war with Iran. If people don't wise up to the looming disaster from these Republican's failed policies we aren't ever going to survive the bout with Republicanism!
Socialism for the rich, the CORPORATE WELFARE KINGS, and capitalism for the poor. Wall street are the rich. No risk capitalism, sort defeats the purpose of capitalism when the Government guarantees profits.
There are grumblings of pressure to switch from the U.S. dollar to the Euro for oil. If that happens, we're toast. It'll be decades before we recover. Better hope VP Cheney's Mid East trip keeps our friends from switching. Christ we're in trouble.
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