I am so angry. I am beyond patience with this mierda. At this point, GW has lost all credibility with me. This is so wrong. Really, the ability to absorb this his hard enough. As I watch my retirement perched on the edge of the abyss, and watch these repulsive Democrats posture at our expense, a beatdown is in order. My contempt is sliding toward anger.
The Democrats attacking the regulator here didn’t do so out of some deep conviction against government regulation. They wanted to keep the gravy train rolling on questionable mortgages in order to endear themselves to the working class, and didn’t mind smearing the OFHEO regulator as a racist in order to succeed. The Republicans who wanted more oversight didn’t demand it as socialists looking for a government takeover of the financial sector, either, but because they saw the impending disaster looming for Fannie Mae.
Democrats distorted the market through the CRA and through Fannie and Freddie’s massive securitizing of bad debt, and then blocked regulators from doing their jobs. That’s the real story of this collapse.
I am so tired of the media slant indicating the President and/or other Republicans are responsible for the present economic problems. Yesterday (9/30/08), Nancy Pelosi stated that 8 years of a George W. Bush’s administration is to blame. The American people need to wake up – who is really to blame and does it matter at this point???
Comment by Teresa Helms — October 1, 2008 @ 4:46 p09 |
Teresa,
I believe we can say GW did not show enough leadership early into this crisis…BUT, he did not cause this nor abet it. It is obvious why and the MSm will not address it, nor McCain. Too risky to say why. I agree it is disheartening how easily people are swayed and how little the Right seems able to confidantly and truthfully defend itself…they even rose to Pelosi’s bait and looked the fools doing that. A principled rejection while ignoring her as the reason for their rejection would have been better. Where is the leadership? anyway..yes..frustrating and makes me angry
Comment by swittersb — October 1, 2008 @ 4:46 p09 |