On 9/11/2011 7:37 PM, F. George McDuffee wrote:


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On Sun, 11 Sep 2011 15:10:39 -0700, Hawke
wrote:

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So
while some of the debt we have racked up can be attributed to decisions
made by the Democrats most of it came courtesy of the republican party.
It was not the work of both parties equally.
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======================
You and others following this digression may appreciate
http://www.swans.com/library/art17/ga297.html
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Somehow, that's where the shoe rubs. Mr. Bush and Mr. Obama
attended to the well being of Wall Street but never
addressed in any serious way the crisis on Main Street that
was by and large caused by the bursting of the housing
bubble. Homeowners have been left to fend for themselves as
they lost over $8 trillion in equity (4) while being
burdened by personal debt. Not at any time did both
administrations focus on the real problems beleaguering
American workers. Their approach may have been according to
script -- let banks lend more and consumers borrow -- but
they constantly missed the scope of the crisis. They have
failed to grasp that this crisis was not the usual business
cycle, which could be solved with the panoply of orthodox
policies, but the culmination of a crisis that began in the
1970s and never abated. They also failed to take the
opportunity to change the structural and sociological
paradigm. So the chickens are now coming back to roost in a
hurry with full adversarial strength.

Not only are these people malevolent, they are indeed
clueless.
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Here's what the reality is. Obama just got the Chris Dodd bill that puts
regulations on Wall Street passed. Not nearly enough to keep them from
screwing us again but at least they tried and it's a step in the right
direction.

Take a guess what the republicans are trying to do. They are working to
deny funds to the agencies that would be tasked with enforcing the new
regulations put on Wall Street. So as fast as the Democrats are putting
new regulations to protect the public from Wall Street gambling the
republicans are working to undermine it.

This is how it goes. republicans always try to destroy everything
worthwhile to the country unless it's for business or the rich. Anything
else they tear it apart. Look for them to tear apart the Obama jobs bill
too. Because the republicans never miss a chance to block a Democratic
proposal to help middle class Americans.

Hawke