posted on Nov, 6 2008 @ 09:35 PM
reply to post by solo32_98
Sorry, Solo. Bush did not create this financial fiasco. The cause was the affirmative action mandate required of these financial institutions by
left-leaning Democrats, and in fact the Bush Administration tried to get them to tighten up on the controls.
No dice, the payoff for the Demos just came in, as the ignorant naturally blame everything on Bush.
Guess what? The next two years under the annointed Obama will likely be the absolute worst financially - since the Great Depression.
A lot of dreamers are going to be in for a really big disappointment. Those promises aren't coming. All the big money boys are pulling out.
Staggering asset deflation, millions insolvent, negative equity, deflationary liquidity, and a much lower tax base will not enable all those promises,
to all those hopeful people.
With promises to raise higher end individual and corporate taxes, staggering asset deflation, Making work pay credit, increasing capital gains tax,
increasing dividends tax, reinstate phaseout of personal deductions, and now the possible elimination of 401's.
Man, is the conservative approach going to look good in a couple years.
Yeah, go Obama. You know where.