The recession is the fault of subprime loans that were started under Clinton, and that their buddies at Fannie Mae, Freddie Mac and Wall Street then bundled into garbage securities!!!
Don’t forget the comedy of Dodd and Frank who insisted there was nothing about Freddie or Fannie that needed investigation and review. I’m sure it was just a coincidence that Frank’s “boyfriend” was a Fannie Mae exec who pocketed millions in bonuses due to the books being cooked.
I would certainly add Big Government to the list. We don’t need a federal Deparment of Education. It should be axed, completely.
We don’t need a National Foundation for the Arts. Almost everything it supports goes to insiders and to academics who produce lousy, expensive art, often bought by government.
We don’t need a biased, lying, useless NPR.
We don’t need an EPA. We probably need some regulation, but that can be done at the state level, where it belongs. Then some competition would be introduced, as businesses moved even faster from the stupid states to the good ones.
And there’s plenty more. A couple of million federal workers need to be laid off. They are doing nothing useful, but burdening the economy.
Government unions, which were once illegal, should be illegal again. Don’t want to work for the government, work somewhere else.
None of that involves entitlements or people who are genuinely hard up or who have earned their retirements.
The analogy to the silent majority would seem to be a better fit with Michelle Bachmann. Just as Nixon called on the great silent majority of his fellow Americans for their support, Bachmann could call on the great tea party of her fellow Americans for their support.
Make that Bingaman, not Baucus. I’m looking at the 1st link.
Yes and no.
It’s the spending, stupid! And the strangling regulations! And the fascist/socialist tyranny!!
The excesses of Wall Street, bundling poor loans and foisting them off on people throughout the world was the icing on the cake. Paying people for commissions for making bad loans didn’t help either. I understand that now commissions are being spread out over several years, to give the salesmen some skin in the game. If too many loans fail, they loose their job and the future payments on the commissions already assigned.
Reformed addicts is a better description.
Most addicts (drug, alcohol, you name it) know they have a problem, but they keep that info buried in the back of their mind. Then an event comes along that wakes them up to reality—the proverbial “hitting rock bottom.”
For most Tea Partiers the 2008 crash and then witnessing Washington taking the exact wrong steps with TARP and the stimulus was rock bottom. I think the credit downgrade will be another rock bottom moment and produce the next wave of Tea Partiers.
And as anyone can tell you, nobody is more intolerant and inflexible than a reformed addict. Want to get in an argument about smoking? Light up in front of someone that has quit.
It was the Democrats who designed the stimulus in early 2009, promising that its enactment would keep the unemployment rate under 8 percent. It was the Democrats who then turned their attention to the various items on the liberal checklist cap and trade, student loan federalization, and of course health care even as the unemployment rate passed 10 percent. It was the Democrats who endeavored to implement whole volumes of new federal regulations, which have scared the living daylights out of businesses.
That's what happened.
If the Tea Party is to blame for the downgrade, the doctor is to blame for your leukemia.