Desperate Housewares

Posted By: McLovinB @ 12/08/2008 3:46:29 AM

• Reply
• Report Abuse

• • Reply
  • Report Abuse

  Posted By: Brian33 @ 12/08/2008 12:43:13 PM

  I can tell you, you are right on what you said about the retailer sales people. I know many of them personally. My friend who works at sears is around 32 years old. He still lives at home, and makes 6.00 dollars a hour plus commission and no benefits. 6.00 dollars a hour? I have seen food and energy go up about 80 percent since year 2000. After Bush, and his economic policies, the only people I can say who have faired very well, is the wealthy and rich. The people in the middle class were hood winkied at thinking they were achieving the American dream, but didn't realize that they were achieving their lifestyles on credit and bogus wealth created out of thin air by the Wall Street crowd many of whom are the corporate Bush cronies. We were told that Tax cuts are good for the economy and trickle down. Well people, how is that working out for you?
  
  Then the people who defend these tax policies say we did have a economic expansion that took place between 2001-2007. What they don't tell you are the real facts. The fact that most of this so called expansion they speak of was not true productivity and wealth creation by traditional means. But instead was wealth creation by huge govemernmet spending (massive debt) and when that wasn't enough, and no more legitament debt could be created, Bush and Paulson had to run to the Federal Reserve to get them to print up more money for them last estimate over 6.8 Trillion so far. Oh wait, they weren't printing up the money , they were giving them loans. And guess what the FED used as collateral for these loans?
  The very assets that were deemed worthless with no estimated value which originally caused the Banks to fail in the first place. And guess who allowed these banks to sell mortgage debt and other debt as a supposed ivestment bond of some sort? Federal agencies, Bush, and the Federal Reserve Chairman which at the time was Alan Greenspan. Guess who was one of the biggest supporters of Bush's tax cuts? Alan Greenspan. There, I connected the dots for you, these are the people responsible for this ess, have a good day.

  • • Reply
    • Report Abuse

    Posted By: cflare @ 12/08/2008 1:05:40 PM

    Yes, the Wall Street crowd corporate Bush cronies that donated 100s of thousands of dollars to Obama's campaign.
    
    Yes, the Bush policies that tried to regulate Fannie and Freddie, because he and McCain saw this coming 7 years ago (compared to the almighty 'savior's' foresight of 2 convient years, at which time he started campaining and stopped voting 'present')
    
    This has NOTHING to do with Tax cuts to the wealthy. This has everything to do with the politically correct shoving bad loans down the poor's throat dangling a 'carrot' of American dream saying not to worry, "The middle class taxes will pay for it later."
    
    Yeah, look who's paying for it now. Everyone.
    
    So go ahead and try to rewrite history. Obama did when he took the stage and claimed Bush tried to deregulate. But I sorely remember those two longshots taken by Bush and McCain to stop deregulation of Fannie and Freddie. Only if the politicians (who were porked with FanFred campaign money) didn't try so hard to hide the truth.
    
    And you're wrong about who allowed banks to sell mortgage debt. Fannie and Freddie bought up marginal loans and resold them in packages labeled as AAA credit statuses to banks and the global market. So you LIED there.
    
    Also, you're wrong about the deficit. The deficit has increased by an equivalent percentage over all the presidential history with few outlying points. One of those outlying points was the Clinton era. Guess when all these laws were passed that deregulated Fannie and Freddie, Clinton era. Guess how the Clinton economy did well, Tech Boom. Guess when the Tech bust occured, end of Clinton era. Guess what pork made the Clinton era look good but just busted right now, deregulation of Fannie and Freddie.
    
    Guess who wants huge government spending to give tax cuts to the middle class and create 2 million jobs. Obama. Guess what kind of jobs he'll create, service and transportation. Guess what kind of jobs kept America from having a recession buffer, service. Guess what kind of jobs would create a buffer, industry and manufacturing.
    
    So yeah, I have a few things against Bush: Outsourcing, Illegal Immigration, Economic Stimulus ($600 bonus). But he did not create this recession. Deregulation from Clinton Era created the recession.