It's time for us to set a narrative. Jimmy Carter has got it started, now it's our job to push push push!!!
Carter told reporters on a stopover in Brussels that "profligate spending," massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.
Barack Obama is being too nice. He says this crisis is the final verdict on a failed economic policy of trickle down economics. It's more than that, it's a final verdict on having an ignorant and nonintellectualist President. One who avoids questions during debate, and sells himself/herself on personality, cocksuredness and Tax Cutting!
more ranting after the fold (possible swear words, stay tuned)
Update: Weve got to get in this narrative that Inflation is a secret tax. Republicans tax you every day. Republican economics have led to economic collapse. Though your explicit tax is lower, you are implicitly taxed every day @ the grociery store, at the gas pump, at your job. A healthy economy is a tax rebate. Each day of deficit is another day in which China and Saudi Arabia own more of our country. Each day is higher prices.
This financial crisis is why we must have Barack Obama as president. It should also be an opportunity to slam George Bush for being woefully unable to be President. His debate performance proved that he didn't understand specifics, and didn't care about them. This cocksure softskull demanded his wars and his tax cuts- and here we are. Deeply in debt, economy slowing down, prices rising. That's stagflation folks. Is that patriotic? Not paying your debts, and living beyond your means? Or is it patriotic; to settle up, and own your responsibilities. One candidate wants us to fix the checkbook, the other guy and gal are selling us this same lie; that we can cut taxes, and police the world. That we are an exceptional nation....
Now another person completely ignorant and dismissive of specifics, has picked a VP who is both ignorant of specifics of nat'l and foreign policy, and dangerously cocksure. This person RALLIES against taxes, and RALLIES for WARS. Come on. This should be Presidential Politics 101; Georgie, Sarah, Johnnie Boy, Dick if you want your wars.. YOU HAVE TO PAY FOR THEM. If you want your tax cuts, you have to cut SPENDING. And shut the fuck up about Earmarks. Earmarks are 18B a year. We paid $235 Billion dollars on Interest on the Nat'l Debt last year. Republican created interest. At least with earmarks we get stuff.
I keep hearing this story about homeowners that lived beyond their means. Their inability to balance their checkbook is causing them to lose their home. They wanted a lot of crap, and charged it to their credit card. They had a valuable house, so they financed more spending against their house value. Yes. This is the story of George Bush and his White House. As they begin to move out of their house, their debtors are begining to collect their assets. Foreign interests, are diversifying as they realize that the dollars they have been collecting are losing value. I'm not saying we should become more protectionist, I'm just trying to point out what happens when you cut taxes, and you have a Neanderthal mindset that, "Me want Less Taxes."
Anheuser Busch- sold to InBev.
Chrysler sold to Daimler Benz AG
Lucent sold to Alcatel SA France
PaineWebber sold to UBS
Ernst&Young sold to Cap Gemini SA France
GE Plastics sold to SABIC Saudi Arabia
USA Networks sold to Vivendi
Ralston Purina sold to Nestle (Switz.)
TransAmerica corp sold to Aegon NV (Nether)
Delta Airlines sold to (unknown)
Pillsbury Co sold to Grand Metro (UK)
Miller Brewing sold to South Africa Brewing
Northwest Airlines sold to (unknown)
Farmers Group Insurance sold to (UK)
TexasGulf Inc sold to (France)
United Defense Industries (France)
IBM PC division sold to Lenovo (China)
Abu Dhabi, Kuwait and other gulf countries rich with oil revenue have taken advantage of falling prices to invest in real estate and financial companies around the world. Middle Eastern investors have spent $1.8 billion this year on American commercial property, according to Real Capital Analytics, a New York property research firm.
Republicans love to cite the GDP and the Dow Jones as indicators that our economy is doing good. Uhm. Hello. Foreigners own a substantial share of 'our' stock market. And a good chunk of GDP is sent overseas in profits. We need a middle class American indicator. Notice that the CPI (consumer price index) which is our indicator of inflation, does not include Gas or Food prices. That's all we buy anymore!!!!!
How can the so called Patriotic party support borrowing money, and selling off our national assets to foreigners, to fight a nonessential foreign war?? And the process causes our economy to crater. They cite the Boston Tea Party as this country having a great history of not liking taxes. (See Bill Maher last night) Uhm. Hello. That was taxation without representation. There's a difference. Every time these idiots say ACORN, we have to say Inflation, Every time they say Barney Frank, we have to say Gramm, and Greenspan. Even if we believed their BS about minorities, poor people and immigrants buying houses they couldn't afford. It was the high gas and food prices, and the declining wages in a declining economy that AIDED in their not being able to pay their mortgages. Rant over, god bless.