Listening to the debate going on in the House right now on the $700+ bailout bill, the refrain (excuse) repeated over and over is.... it would be a better bill if only we had more time.
It's true, time has run out on dithering. Credit, the grease that keeps the economy moving, has dried up.
But, no one is acknowledging the elephant in the room.... there would have been more time to keep our economy off of the shoals if The Decider and John McCain hadn't kept assuring the country that "the fundamentals of our economy are strong."
Even though the country was drowning in debt, the middle-class was losing jobs, wages were declining, and housing bankruptcies reached historic proportions.
Just hours before Treasury Secretary Paulson crashed the corporate profiteering party with his emergency proposal, McSame was still mindlessly parroting the administration's talking point.... the "fundamentals of our economy are strong."
The reason this is a lousy bill is because the country has lousy, manipulating leadership who wouldn't acknowledge that their "trickle down" Reaganomics didn't work for anyone but bloated, and now bailed-out, corporations and what trickles down is pain to the middle class.
Never again.
November 4.
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