Posted on 07/17/2010 4:59:03 PM PDT by Sherman Logan
As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and opinion leaders stretching from the National Review magazine (and the Wall Street Journal) on the right to the Nation magazine on the left, agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama. Many, if not most, people around them also agreed upon the eventual commitment of some 10 trillion nonexistent dollars in ways unprecedented in America. They explained neither the difference between the assets' nominal and real values, nor precisely why letting the market find the latter would collapse America. The public objected immediately, by margins of three or four to one.
(Excerpt) Read more at spectator.org ...
I posted this last week from a Tea Party site before it was up at the American Spectator. It’s a great article, and deserves to be read in full. Here’s the link to the tiny discussion my posting generated:
http://www.freerepublic.com/focus/f-news/2548923/posts
Sorry about that. I’m saddened the article didn’t get more attention. Says very discouraging things about Freepers.
Later ...
Must be me, I see a lot of blaming Republicans, and seems like a mild ultra left article to me.
‘In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama.’
I seem to remember Barack Hussein Obama saying, call me if you need me.
THANK YOU! Long though it is, it is the best encapsulation of where we are and how we got here that I have read in a long time. I urge all Freepers to make the time to read it.
I agree. I read this over coffee this morning and sent it to all my conservative friends. What struck me was how un- represented the majority of Americans are against this elite power base in D.C. - in both parties. This is not GOP bashing (though it maybe RINO bashing) it is a solid analysis of the current political condition. I hope all take the time to read it.
don’t tread on me.
Many like to make light of Perot and his entry into the 1992 race and later, but until he began to self-implode, and eventually dropped out of the race for a few weeks, that is where the issues he raised had taken him. Had he had the right temperament and a better organization, he could have won.
And the dissatisfaction he tapped into is still there, and probably the Tea Party phenomenon is something of a rebirth of the same issues and desire for a different type national leadership.
I agree, it is you.
IMO it is perfectly obvious the “regular Republicans” are part of the Regime Party. They have a great deal more in common with Democratic members of the same party than with ordinary Americans.
And the writer neglects to say that Wallace was doing much better than 13.5%, and had won three state primaries IIRC, at the point when he was shot in Maryland.
Spot on analysis.
a fascinating read.
I am sending it out far and wide, though very lengthy, I hope people take the time to read and digest it.
I am going to re-read it myself.
It appears on face to be right on the money.
“Spot on analysis.”
I”m afraid not. The root cause, it the banking system.
This is the best thing I’ve read in a long time. Republican pols are about to be given one last chance. If they don’t want to blow it, they need to read AND absorb this article.
Ross “The Boos” dropped out so the he could screw Bush 41 out of the Presidency and give us Clinton. For that I HOPE he dies SLOWLY and PAINFULLY.
Boss
I had not read this before, but it does not surprise me.
—
“Republicans engage in that sort of thing as well: former Soviet dictator Mikhail Gorbachev tells us that in 1987 then vice president George H. W. Bush distanced himself from his own administration by telling him, “Reagan is a conservative, an extreme conservative. All the dummies and blockheads are with him...” This is all about a class of Americans distinguishing itself from its inferiors. It recalls the Pharisee in the Temple: “Lord, I thank thee that I am not like other men...” “
“I’m saddened the article didn’t get more attention. Says very discouraging things about Freepers.”
The why, who, when and where is not as important as impressing on leftists that they bleed and die like anyone else. Gen Patton was very good about carrying out that truism.
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