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I read through the article (surprise!) and quite frankly, those aren't good points at all.
Maybe I just do not see why it is necessary to reward failure; but then again logic has no place in politics, and there is no point in even making an attempt at honest debate with the intelligent folks on this forum.
Instead of taking accountability for this mess, conservatives are firing off the latest B.S. storm. Here's what you need to know to fire back.
Bush and McCain wanted more regulation of Freddie and Fannie but all dems and most reps were against it. Both sides put us in the hole and now we are playing the finger pointing game.
As far as the the above article i didnt read one point that wasnt completely open to debate as far as their conclusions. To debunk it all would take way to much time and again would only by my opinions much as the article was the writers opinion.
Personally i see a three prong reason for this deficit
1 Bush and Republicans spent and spent and spent lowering the value of the dollar in the world
2 Home markets crashed due to the govt. interference of forcing risky loans by Democrats.. New York Times - Clinton Adminstration Pressured Fannie Mae - [domain blocked due to spam]. NY times article (those huge republican apologists)
3 The media spent the last 8 years trying to destroy consumer confidence in an effort to rid us of the Bush Whitehouse and conservatives. Now that they are succesfull they quickly need to put it back together because noone is spending because their generated fear took hold.
Just my opinions so fire away!
"Most progressive economists agree (and Paul Krugman is downright emphatic) that it's going to take a minimum of a trillion dollars of well-placed investment to pull our economy out of this ditch."
Has what to do with the political payola bill passed by the Congress?
"Obama's already told us, without apologies to anyone, that he plans to raise taxes on people making over $250,000 a year"
And then he said he wouldn't.
"In our happier past, good management, careful oversight, and clear accountability have always gone a long way toward preventing really big problems"
In the present, none of those safe guards will come into play.
"Some of these could start generating jobs as early as April or May."
They could but usually don't. Shovel ready projects generally take 18 months to begin once funding is approved. Unless survey crews drop out of the sky, the shear number and immediacy of the "shovel ready' projects will force the normal lag time to be even longer due to an inevitable backlog of environmental impact studies, delayed building permits, bidding processes and foot dragging by local governments. Furthermore, only about 12% of this financial fiasco will actually be directed to any projects that will generate jobs. The rest will go into a rat hole of political payoffs to Democratic supporters. Democrats are such wonderful patriots!
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