View Single Post
  #5 (permalink)  
Old 04-30-2008, 11:23 AM
dab11999 dab11999 is offline
Seasoned Veteran
 
Join Date: Jan 2008
Posts: 76
Default Spoken like a true Democrat

Pointing fingers has always been the Democratic way. That's why they keep losing elections.
But what exactly are they being blamed for? Who did they wrong? Those who didn't make money? Not to criticize all the mass media brainwashing of the clueless, but entrepreneurship in this country is at an all time high. That spells innovation. Through innovation, advancements are made. I'm not ready to jump off a cliff yet because of some sensationalist news report that is mostly opinion and very little fact.
There are many policies I believe the Bush Administration has failed at. But I hesitate to lay the blame for all of our financial problems at his feet. If you look at where these current problems began, they begin in the Reagan Administration and his policy of globalization. Globalization had to happen to save us from the International Banking Crisis of the 80's. In the process, banking rules were relaxed and banks were allowed to cross state lines for the first time since the 30's. That lead to a period of lending competition, and inevitably, the Sub-prime Lending Crisis. Which is threatening to do the same thing the International Bank Crisis did. You can't put all the blame at Bush's and Greenspan's feet. If you want to blame someone, blame all those who refused to pay their debts.
Reply With Quote