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What Would Happen If There Was NO BAILOUT?
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[QUOTE]Originally posted by bdgee: [QB] "Why make the statement of it was a republican idea. It has no bearing on the subject, it just causes division on both sides. Looks to me that our leadership on both sides of the spectrum are selling us down a dangerous fork in the road." Because there is an election in progress and the republican party is trying to make like this is a naturally occurring happening, that just by chance happened on their watch. It didn't just happen by chance, it happened as a result of of decades of pressure by the whole republican party to change the laws in favor of corporations, a thing called corporatism, which, as was pointed out by el Duce, is what fascism really is. It wasn't dubya alone that brough the financial markets to doom. dubya was only acting on behalf of the republican party, as he was supposed to do, according to republican dogma. "You think Bush started the slack lending". dubya? Of course not. Daddy Bush was already involved. "Should he have let the mess started in the Clinton admin. get this far?" Clinton didn't start the stuff, republican dogma did before he was ever in office. And it should have been stopped long ago.....would have been if it hadn't been a major part of the republican party mantra. "pointing the finger crap is useless." Useless to whom? The republicans want to say it is useless because a correctly pointed finger aims directly at the republican party. it was the republican part that brought us denuding the government of any way to properly monitor the actions of the financial sector of the society and, thus, we have this mess. Pointing the finger identifies the culprit at election time. "War did not make the housing bubble happen." No, it sure didn't. As a matter of fact, that Iraq war has the same source as this financial mess.....republican mishandling of the government. Their efforts have brought us to the reality of allowing the financial sector to operate with absolutely no responsibility and without safeguards to protect the public, and their lies to cover up the facts about how dismally the financial sector was operating has us now having a need to use public money to bail out the financial sector, and without their lies, we never would have illegally invaded a sovereign nation innocent of every charge the republicans claimed against it. [b]What is important is to make certain every voting American understands that without the dictatorial republican operation of the Federal Government, we wouldn't have this financial mess and we wouldn't be in Iraq blowing trillions of dollars of public money to fatten up the pockets of dubya's buddies in the oil business.[/b] [/QB][/QUOTE]
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