Tuesday, October 14, 2008

Did America have a heart attack?

Is this whole financial crisis just a warning? Is it like a heart attack? we've survived this long, the stock market is starting to go up again, credit is loosening a little, the world markets are circulating. It looks like the blood is starting to flow again. You have a heart attack, but you survive. Now, you wake up in recovery. It's reality check time. If you continue to live the same way, you are headed for another heart attack. If our economy goes right back to how it was two years ago(or even two months ago), we will be headed for more serious problems. A massive heart attack! Or is this it? we've kinda glanced over our last few major recessions, the 70's and the late 80's-early 90's. Oh we survived just fine then, we would be alright. Now, we don't know if we will ever be as strong as we were, too much fat in the land. But, we need to figure out how to control spending on a national level. From the government, to the investors, to the corporations, to the businesses, to You. Every single person has to acknowledge that they can't look at credit as they looked at it in the past. You can't borrow so much that the arteries get clogged, we need a continuous flow throughout our financial/cardiovascular system.

I heard a great quote from Barney Frank, Democratic representative from Massachusettes, and chairman of the financial service committee. He is probably the top guy involved in the bailout, and the whole housing crisis, he has a big hand in all the bullshit going on. Anyways, I heard him say today(I'm paraphrasing)

"If you don't want to inject politics into this financial crisis, don't ask 535 elected officials to deal with it."

Isn't that just perfect.



To Barack Obama: Your spending plans are the reason you are called the most liberal senator. You are being very liberal with the taxpayer's money. Your stimulus plan is just more and more reason to call you a tax-and-spend-liberal. Pelosi, Reid, Obama, McCain, and Bush are all just willing to keep throwing more and more money at the problem. Sorry, but, ~ NEWS FLASH ~wild, problematic spending IS the problem.

See, McCain could use that line in the debate Wednesday, it would rile up the whole republican race, and a lot of fiscal conservatives from all parties. "You are being very liberal with the taxpayer's money, that must be why you are called the most liberal senator." Ooohhhh, what a zinger! That would get people talking, and make the debates a little more lively. But, McCain couldn't pull that off. Unfortunate. He is just not economically adept enough to be able to hit the democrats with something like that. Just like his final mistake which I think finished digging his hole, and finally just gave Obama this election: Voting for the bailout. McCain voted for the bailout, just like Obama and Biden. After House Republicans went so strongly against it, McCain should have looked it over and seen what was fucked up about the original bill that failed, and the revised bill which did pass.

To John McCain: Dumbfuck! That bailout was LOADED with the pork and "earmarks" your whole campaign was supposedly fighting against. Where is the "REFORMAVERICK"? I know you said, "It had to be done," but goddamn, it had to be right! It had to be right. It could have been right, maybe you should have suspended your campaign until the bill was worked out... Oh, wait you tried that, asshole.
You let that pass in order to not take a political chance. Now you are taking all sorts of bullshit chances that Don't Make Any Sense. Coming out with some new economic plan every day. A new way to attack Obama every day. Sorry, you missed your chance. You could be attacking him right now ON the economy by saying "that democrat is all porked up." You lost fucker, go take your racist crowds with you.

There are more and more people in McCain's crowds who are calling Obama a 'terrorist' or 'traitor' or 'arab'. You may say that those are just a few whackos, but damn, it's getting frequent. My theory is that the only people McCain has left on his side who are willing to come to his rallys are the ignorant, racist, white, fat rednecks. Have you seen these videos? It's fucking funny! Though, this mob mentality is the type that may incite violent acts against a certain presidential candidate, but hey, whatever. Obama is breaking new ground that a lot of dumb fuckers don't want him to. He's got to know this when he is giving his speeches in public. It has got to be going through his mind
"I could die at any second, all it takes is one racist nazi sniper"

Back to my original topic. So, Fanny Mae and Freddy Mac become nationalized, taxpayer is on the hook for their loans, Bear Stearns gets bailed out. Lehman, Washington Mutual fall. AIG bailed out. $700 billion bailout. Now, Bush is spending $250 billion of it to put taxpayer money into banks (i.e. socialism). The democrats are asking for another stimulus package for something between $60 billion and $115 billion for middle class relief. McCain has a million and one dumb ideas on how to spend taxpayer money. He wants $300 billion to buy troubled loans, about $52 billion for senior citizens tax breaks, something like $16 billion in tax breaks for all. Lets keep throwing money into the wind baby!

Fiscal Responsibility has been replaced with greed and indifference. Well, the national debt has consequences. The U$ dollar is deflated because other countries don't feel safe investing in a sinking dollar and Bush prints more worthless dollars to cover the debt, which deflates the dollar even more.

At least the democrats have an idea out there that will appeal to "main street"(I am so tired of hearing that expression) Their stimulus package will mean I get a check from the government for, as the plan goes, $500. Shit, that is giving something back to the people. Sure it's a dumb idea, but I'm not going to turn down money from the government. Shit, they are spending soooooo much money keeping the banks alive, why not give the regular people a little bit o cash. Who cares where the money is coming from.

So in the end, you can call Obama a spend happy liberal, but you also have to say that about Bush, McCain, Pelosi, Palin, Reid, Frank; Hell pretty much everyone in both houses of congress. Either fight it, or embrace it. Don't act like it's not true, don't sweep it under the rug. It's not good for the body.

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