There’s still this obvious problem with the story. It didn’t work. It didn’t get Obama elected either. What got Berry elected was hatred of George Bush, the war on terror, and the fact that George Bush was not a communist. “Yes We Can.” People had pushed all the buttons on how conservatives were wrong, capitalism was wrong, and this new Messiah was going to bring about change. So we went from Republicans spending money like drunken sailors to Democrats spending money like drunken sailors on LSD.
The point is that Democrats have the most against them for the meltdown. They stood in the way, they encouraged it the most, and they attempted to demonize the opposition the most with it.
Here is what made the meltdown the worst. The subprime loans. Anything could have kicked this over the edge. You want it to be Russians that wanted Obama elected. The market had multiple triggers all cocked and ready to fire. The Russians did it first is just another red herring.
OK, I’ll try to let you have the last word, FRiend [not that I’m in agreement].
“So we went from Republicans spending money like drunken sailors to Democrats spending money like drunken sailors on LSD.”
Hahahah! Got that right!
I am not diminishing the Fannie/FReddie scandal, merely expounding on it. I was there with the the breaking news about Fannie, as you can see in the Timeline Project.
Our nation was infected with a tape worm when FDR and his fawning press transformed American politics. Our philosophy of free market forces is what made us great. But now the voter is too obsessed with the score card of the moment. Spain was manipulated by train bombings right before an election. And I think we were manipulated the same way through economic sabotage.
We need a more mature voter who is not tricked so easily. People think they can’t possibly understand how the president tweaks the economy. But you and I both know the simplicity of free markets being unleashed.
It’s time tested even in recent times — Kennedy and Reagan. Clinton was an ineffective liberal and thus unable to harm the economy much in the short term.
We all know that Bush’s tax cuts helped build tax revenue through prosperity. But that has been blighted, hasn’t it?