Posts Tagged ‘Credit Crisis’

In The Time Of The King Of America

Hello. Yeah it’s me. Been Awhile.

Sooo. I haven’t been blogging much. The reason is because I just have no idea what the hell is going on.

When Bush was in office he did stupid things all the time. He made such glaring random errors they were easy to spot, even if it was just his language. George Bush left a  legacy that included a rapidly tanking housing market, destruction of civil liberties, two unmanaged wars, Tarp and a huge,( really, really huge, practically ginormous), deficit . And an unending list of quotes that make people laugh every time they read them.

My confusion comes from the fact that everyone seems to have forgotten the previous eight years. Memory has been rewritten and it turns out everything that happened during the Bush administration and all the ensuing results of very bad policies are now Barack Obama’s fault.

It’s beyond ridiculous.

The Republicans have done a fantastic job of re-writing the past to make people believe that George Bush and his crap Administration never existed.

And if you say anything about how most of this mess can be laid directly at the Bush Administration’s feet, Republicans will rend you like pack of  slavering wolves. Greedy, overfed wolves.

But, folks, it did exist. The Bush Administration really did encourage the breaking of the rules of the Geneva Convention. Bush authorized rendition and created Homeland Security so your library books could be used against you in a court of law. He listened to your phone calls, peeked into your house when you were away and snatched people out of their houses using cleverly worded bits of paper. All without anyone’s approval or a court order.

He removed restrictions from the oil industry causing speculators to push gas up to over $4 a gallon. He told banks they could resume their activities from the ’80’s and helped create the housing “snafu”  Because of these policies, all through 2008 people began to lose their jobs and banks went under. Not banks like “Ye Olde Bank of Hillbillyville”. No, big banks. Established and important banks. And with it the stock market tanked.

All this happened, lest we forget, during the time of the King of America. George Bush and the Republicans looted America for eight years.

Now, in the here and now, this is what Republicans are trying to stop Obama from doing:

Creating National health care so everyone can have some measure of guaranteed health.

Creating new jobs

Holding Bankers accountable and forcing them to pay fines not receive bonuses for their illicit activities.

Closing Guantanamo while simultaneously blaming him for not closing it.

Using taxpayer money for something besides lining the pockets of greedy, corrupt politicians and talk show hosts.

oh the list goes on.  And on and on and on.

The worst part is that so many Americans are allowing themselves to be led by the nose by the very same people who put us here in the first place.

Somehow everyone expected all of our problems to go away in 2009. Because when I think ‘President Obama” I think “Magician” As though one man could magically make a world-wide credit crisis disappear. “Poof”

Sorry, that’s not how it works. And those politicians and talk show hosts who should be beating their breasts, rending their clothes and screaming Mea Culpa in the streets are standing firmly in the way of any progress whatsoever. And The American People are standing firmly with them helping create this roadblock. How did we the people get so completely stupid? Is there something in the water?

So I am a little confused.  Why on earth, when it took an entire Congress, Senate and Executive branch eight years to destroy the American economy, are we now blaming one man who has been in office one year?

I don’t get it.

Dogwoman

What The **** Are You People Talking About?

Hello.

It’s interesting to me, everything I am reading on the Net about our newest President. What I find most intriguing is that the Republicans have set up shop and are now engaging in the “Whine and Blame ” game.

They are attempting, through a great deal of propaganda, to insinuate that the current economy was brought on by policies that are less than 8 months old. Apparently, the bail-out strategy they started when Bush was in office , the one they voted for so quickly, well, it’s now a bad idea that will ruin America. Also, from Republican bloggers and journalists, and this is what I find most interesting, it’s the fault of loser deadbeat homeowners that they are now underwater and foreclosures are rising. It is no longer the fault of unscrupulous bankers  who bought millions of dollars in bad debt, encouraged low-income families to take on high debt, and then hid the entire thing through off-the-books accounting.

If it weren’t so widespread I would just cry “sour grapes ‘ and leave it. Yet, it is main stream media who is buying into this smokescreen and selling it quite well.

Did you know:

*Republicans are trashing Obama over Guantanamo. They are the ones who held prisoners for over eight years without trial, were the center of the abuse debate, and basically ran the place like a Turkish prison without all the amenities. However, it’s Obama’s fault now.

No, it’s Bush and Cheney’s fault. They set the policies.

*That after eight years of complete bullying of  the EU, it’s now Obama’s fault that relations are not perfect. It takes more than a tour and smiling Michelle Obama to right the wrongs of the previous years. It takes time to rebuild trust and for those who thought it would happen overnight, the world does not work that way.

* Obama likes water-boarding. No, no he doesn’t. He has tried to stop this sort of thing and strangely has met with resistance from the REPUBLICANS.

And call me a wacky leftist who wishes to socialize the whole country and bring down the wealthy who started this giant economic free fall, but did I not just hear a REPUBLICAN pundit recently say we need OSAMA BIN LADEN to attack the U.S. again? Because that would show’em, that’d show ’em real good.

I think that instead of trying to hold onto the old policy of scaring people into compliance, the Republicans should take their whipping like Men. It’s not Obama’s fault Republican senators can’t keep it in their pants. He seems to actually like the woman he married. It’s not Obama’s fault that he’s not browbeating the FED into accepting damaging policies. He seem to genuinely care about  fixing everything Bush broke. And no one could do that in eight months.

It would be nice if the Repulicans who are now whinging would just admit they are the douche bags who brought this around and started to help not hinder every step Obama takes.

Then we might actually see progress.

Oh and Bill Maher: You’re just jealous that the President gets better coverage and more airtime than you do. Libertarian my ass. You’re as whiny as the rest of  them. Do everyone a favor and shut it.

Dogwoman

The Bleat Goes On

Hello.

Unlike so many who have the power and don’t use it, I really did send an e-mail to my Senator yesterday. An angryish email about the proposed vote for a bailout package.

And this was the reply:

… I share your anger and frustration about this situation. Although I think we need to act to fix our American economy, I do not feel this bill is the right way to do it, and I voted against this package when it came before me in the Senate.

What is most outrageous to me is that this is not an accident. We are in this crisis because of a failed philosophy and a failed set of priorities that have rewarded greed. We have seen policies of massive deregulation and willful neglect of what is going on in these markets.

We know there is a crisis on Wall Street, but there’s a much bigger crisis in Michigan and across America. Hard-working families, who play by the rules, are the ones in crisis every single day, and this bill does little for them. People are losing their health care, their pensions, their jobs, and their homes.

This legislation is fundamentally the wrong approach to fixing our economy. We need to start from the root of the problem and help families stay in their homes and keep their jobs.

Just last week, the Senate was unable to get bipartisan support for a jobs bill that would have helped families in Michigan who are suffering the worst in this economy. Our bill would have created desperately needed jobs in Michigan. That bill represented the right priorities!

Although I’m glad the final bill included some alternative energy tax provisions that I have championed in the Senate, the underlying legislation did not do enough to address the real problems of jobs, health care, energy independence, and home foreclosures.

In the coming months, I will continue fighting to stop the policies that got us to this crisis and hold the people accountable who failed to protect our country. Most importantly, I will continue to focus on creating new jobs in Michigan…

Sincerely,

Debbie Stabenow

United States Senator

So there you have it. Contrary to media scaremongering and disinformation, not every Senator agreed with the bill or wanted it passed. The bill they just passed to ‘help stabilize the economy’ included an extension of tax breaks for Oil companies. Because Republicans wouldn’t vote for it otherwise. So in the rush to ‘fix everything’ they created a situation that will extend the current problems. One Senator in touting the Bailout Bill actually intimated that Americans should forget about punishing those who created this mess in the first place. Accountability, my great fuzzy tush.

The biggest question to me is “Why are Americans allowing those who created this dire situation to postulate the solution?”

Seems a lot like allowing the horse to open and close the barn door whenever he feels like it.

All we can do at this point is hope that the populist backlash sends the Senators who voted for this bill to an early retirement during their next election.

Dogwoman