Wednesday, September 24, 2008

...the hutzpah to pull it off.

The more I learn about what's going on in the U.S., the more discouraged I get. This nation is going to hell, folks. Our politicians from both parties, with a big assist from greedy and unethical free enterprise capitalists, have muddled the economy. We've started an unnecessary and costly war. Failed to provide adequate health care for many, many of our citizens. Widened the gap between the rich and poor. Put the middle class on the road to ruin. Allowed our infrastructure to deteriorate. And we've been discredited around the world. My gawd. The list goes on and on. Now we even have the secretary of treasury wanting to spend $700 billion of taxpayers money to bail out Wall Street from a financial crisis. And he even wants to do this without congressional or judicial oversight. Yes, he wants a free rein. Because he thinks the economy is on the verge of collapse. Little wonder. Our national debt is skyrocketing. Beyond the stratosphere. And we've got two presidential candidates degrading each other. Conducting slimy campaigns. Albeit Republican John McCain has by far outslimed Barack Obama. Can't blame Obama for occasionally tossing back some of the crap. It ain't a pretty picture. I think Obama and the Democrats are more likely than McCain and the Republicans to get us out of this fix. And to think, McCain wants another Republican Administration to be allowed to clean up this mess. George Bush and the Republicans created it in the first place. With deregulation. Virtually no oversight for money-grubbing capitalists. Remarkable. Meanwhile, Bush keeps unabashedly defending 'democratic capitalism.' At the same time that he's calling for socialism to come to the rescue. Funny, isn't it? The Republicans have told us all these years that socialism is the enemy, the scourge we're all supposed to fear and fight. But now it's socialism that's supposed to bail us out. Only a Republican could have the hutzpah to pull it off. --Jim Broede

1 comment:

skericheri said...

Jim---I'm just a small time ignorant old fart. Having a hard time figuring out how many 0's go behind 7 to equal 700 billion. Where all of the money for the bail-out is going to come from is something that I cannot fathom. My mind gets cloudy when I try to figure out why should I have to pay for something that I did not cause?

Talk about things being cloudy...
There are tons of estimates on the per person cost of the 700 billion bail out

$2000 per person is what I believe Obama said

6K (does a k = $1000?) per tax payer is a figure that I read on http://finance.yahoo.com/tech-ticker/article/67605/Bailout-Cost-6K-Per-Taxpayer

Read recently that McCain set $5 million as the dividing line between being rich and being middle class. If that is the case...

Maybe the rich should step up and pay the share of the less fortunate. They certainly fared better under the Bush tax cuts and I believe that many of them are contributed to the problem.