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View Diary: Debt is Good. (61 comments)

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  •  I think the financiers played us for (0+ / 0-)

    suckers.  The crisis was manufactured.  It was probably intended to support the Republican candidate.  That's why McCain was in a rush to capitalize on the crisis.  But, the timing was bad and the selection of Palin was doubly ill-advised.

    The Lehman Brothers collapse still looks like it was engineered.  That George Herbert Walker IV, who had recently transferred from Goldman Sachs was there for the collapse and conveniently was in a position to "salvage" the most valuable part of the business for himself and his associates, who set up a new firm and took it private, was just too convenient.  Dubya was always sucking up those cousins who actually got rich in banking and didn't have to rely on the Stephens gang in Little Rock. But, the timing was wrong and Obama went along with the scam in hopes of getting into the bankers' books in exchange for the bailout.  When that train came down the track, we had a reverse bailout.  Nobody needed money, if it meant opening their books.
    Then the big kerfuffle over health care distracted everyone while the financial system was overhauled.  Obama's claims about all the effort he put into health care are a bit disingenuous.  Getting the states to step up and actually monitor the performance of insurance companies was not a new idea.  The jury is still out on whether it will work.  If it doesn't, we can always open Medicare to all comers -- but only if the program continues to exist!  That's why Republicans want to get rid of it.  Medicare is the public option waiting in the wings.

    by hannah on Fri Apr 15, 2011 at 12:48:49 PM PDT

    [ Parent ]

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