Do you know who Phil Gramm is? He is the guy John McCain goes to for economic advice. Some advice. The meltdown in the housing and credit market can be traced directly back to this man. It is a very rare thing when you can make such grand pronouncements and have it backed up by more than just passion and vague blog postings.
Google Phil Gramm and deregulation.
I am not going to say I understand it all. Not even close. But I do understand this. Take away protections put in place after the disaster of the great depression and you get problems not seen since the great depression.
On Sunday the biggest government take over of a financial institution in U.S. history occurred. Freddie Mac and Fanny Mae hold 50% of all the mortgages in the country. They failed. They failed because Phil Gramm pushed for deregulation in the banking industry. 9% of all homes in America are either in foreclosure or behind on their payment. 9% might not seem like a lot but it's a number not seen since the Great Depression. Do you really want John McCain trusting this guy on anything?
McCain may have just as well nominated Lindsey Lohan's mom for V.P.
After telling anyone who will listen that they are the party of family values they nominate a mother who publicly advocated abstinence only education in schools. The proof of how well that works is her pregnant 17 year old daughter.
But we can't ask questions about this? Give me a break.
Cindy McCain has been quoted as saying that newly nominated V.P. Sarah Palin has foreign policy experience because Alaska is right next to Russia. Is anyone really that stupid? It boggles the mind a little. I have banking experience because I live next door to a bank. It doesn't work that way.
Bush has surrendered in Iraq. How else am I suppose to see Bush announcing troop cut backs? Bush and company have been screeching at us that any announcement of any time table for troop reductions would be the same thing as surrendering to the enemy. Do you know who has been demanding a time table for us to leave? The Iraqi government. You see the surge worked. The whole idea behind it was to give the new government breathing room to put itself together. Well they did and they would like us to leave now. In fact, they would like to know the exact time table of how and when we are going to leave. So I guess they are now the enemy too?
Make judgements but these are just the facts folks.