But the fundamentals of our economy are strong...
And my name is Dolly Parton...
When will people learn that "Reaganomics," or "trickle-down economics," doesn't work? Hello?!?!
I told several Republican voters in 2004 that Bush would ruin this country. None of them believed me. One even laughed in my face.
I can only hope he some money left to wipe his tears with...
Tuesday, September 16, 2008
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3 comments:
I would say that Democratic policies don't work 100% either...there is no magic formula...some things work some things don't...and some things take years to work out....we all need to stop playing the blame game!
I didn't say they did. As much as I am for a free market, some regulation is necessary, though I disagree with Barak that MORE regulation is needed, but DIFFERENT regulation would be helpful...
The Federal Reserve should let these businesses fail. Bail-outs stretch our fragile economic system to even further extremes, and in the long run I don't believe will be the best solution--at best, these bail outs only serve to protect the rich from losing their money...
Not to be spiteful, but I fail to see how protecting the rich from becoming (at worst) middle class is a noble idea...
That could just be me, however.
I realize that AIG would have scared the bejesus out of us poor lower- and middle-class folk out of the small amount of dawdling we do in stocks, bonds and CDs and such, but it wouldn't have been the end of the world. The poor would still be poor, and most of us middle-class folk would have just done what we always do--tighten the belt strap a bit more and hope to make it through to the next raise, bonus, paycheck, whathaveyou. This wouldn't have been the end of the world for us.
I would agree with you on the fact that a Federal Bail out does nothing but make the situation worse...I think that the entire system needs to be looked at, the companies that are messed up need to fail and ownership for mistakes needs to happen.
Barack is for a more socialistic society than McCain, McCain is for smaller government and reform, but can either of them fix this current economic situation with their plans no...definitely not...I just don't want anyone Dem or Rep creating more "New Deal" programs that create systems that while helping in a short term way create bigger problems in the long run. Some of the problems facing America today started with Reagan, some were implemented by the Clintons, some are still around since Kennedy, Nixon and Carter but I mostly blame Congress! Congress needs to stop paying themselves and thinking with an elitist viewpoint and start making decisions and get in touch with "real" Americans...those of us who make between 30-50,000 dollars a year, who drive cars till they die, and don't have access to planes and other perks.
No one is better off then we were 8 years ago and in 4 years who knows what the "change" will be...it will either be good or worse! Keep making us think and debate...at least it's better than wringing our hands and crying in our beers!
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