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Old 03-18-2008, 11:29 AM   #9 (permalink)
kblair7
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Quote:
Originally Posted by ppatt View Post
It was no secret that this was coming. 4-5 years ago during the so-called lending-industry-induced housing boom it was written in major new publications that any one of several economic shocks could send the US economy reeling.

They were right. We forgot. We also should not forget that it was Americans who duped America, not some external threat. With patriots like this who needs terrorists?

In a larger sense, it was a guilty and conspiring elite with complicit politicos distracting the witless and stoking all sorts of fears and anxieties while they stole America right out from under our noses. Don't expect even a glimmer of recognition from them, they will never be wrong (in their own minds). I'd been hoping to elect someone who would fight this slime, not unite with it. The mood is about to turn very ugly...maybe ugly enough that if we could have a do-over (they are becoming the fashion, aren't they?) maybe we'd have different ideas regarding the ideal candidate.

I didn't intend to make this post about Edwards but it does seem kind of funny that we'd pass over someone who would fight for the poor by letting corporations and politicians roll the dice with the financial solvency of our nation. As he faded from the scene I'd concluded that we might need something rivaling the Great Depression before we'd lose our cynicism over someone claiming they would fight for the little guy. Maybe the little guy has just become used to getting stomped on.

Well, get ready...quite a few more of us are going to fall into the category that we never thought we'd be in to benefit from a candidate like Edwards. We all thought ourselves more affluent than that, eh? Besides it wasn't like only the lower class would have benefitted from Edwards.

It will get very ugly but we really did earn what is coming by complciity or neglect, take your pick.

I eagerly await the first hair-brained bit of wisdom from Fox or the usual suspects who blame this mess on the liberals. It is time for them to consider entering the adult world of solid, manly, laudable conservative accountability.

Wow, I found my first...I predict a newfound intolerance of the type of glib doubletalk that got us into the situation we're in and possibly even worse. Here's just one example, and I'll bet nobody's buying crap like that which is examined in that blog anymore. I can't say that there will be lynch mobs but I seriously doubt that the coming anger is something that Fox can coopt and turn back on those who had little to do with it. I just hope that we'll remember who fanned the flames of the last 7 years. We probably won't but we can hope, can't we?

My only hope is that there might be a silver lining. Sometimes getting the ever-livin' crap knocked out of oneself has a curious way of instilling the kind of humility needed for the duller among us to stop forsaking their own self interest and to start supporting candidates for office who can be depended upon to favor Main Street over Wall Street. We've had that in the past, we've just forgotten why it had made sense at one time in the past. We are about to relearn and this learning experience will be painful.

Maybe some are aware of the history and economic situation that prevailed in post WWI Germany. That is my worst fear and I will take no joy in winning a debate a year or so back with Heretic and a couple of others regarding the same unprecendented confluence of circumstance that led to comparisons between USA and Nazi Germany.

Oh...and can we please get out of Iraq now? Maybe we can waterboard the CEO of Bear Stearns doesn't he deserve less than a bailout. Jeez, I deserve a bailout more than him and I ain't gettin' one.
Maybe I just don't know what you're getting at here. This is the same old garbage I hear all the time, "it was the evil corporations." No one is blaming "liberals," whatever that means. If you feel that blaming someone will make you feel better, blame Alan Greenspan, Ben Bernake, all the monterists. Edwards? Don't tell me you buy that populist tripe?

As an illustration of my point, this is a excellent discussion I suggest you listen to it: WAMU 88.5 FM American University Radio - The Diane Rehm Show

10:00U.S. Credit Crisis

The Federal Reserve will likely to cut the federal funds rate again today - a move on top of unprecedented steps taken over the weekend to address the deepening financial woes in the U.S. A look at the ongoing credit crisis and its implications for the U.S and global economy
Guests

Desmond Lachman, resident fellow, American Enterprise Institute

Michael Englund, Principal Director and Chief Economist for Action Economics, LLC.

Greg Ip, reporter for the Wall Street Journal

John Taylor, President and CEO, National Community Reinvestment Coalition

Last edited by kblair7; 03-18-2008 at 11:39 AM.
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