Obama Caused the Subprime Mortgage Mess
Obama is going to win the Presidency. Let's face reality. McCain either doesn't believe in the free market, or he isn't capable of defending it. Either way, I feel like I'm in an Ayn Rand novel.
The complicit media will have elected the guy who got us into a global financial disaster.
The entire elected Democrat contingent in Washington is responsible for letting it grow. While taking political donations and having sexual partners on the boards of these companies.
And this country is going to put more of them into office. Pelosi says no witch hunts into Fannie Mae and Freddie Mac.
The United States Government is going to start nationalizing banks. Taxing 401-k Plans.
“The way the government now encourages 401(k) plans is to spend $80 billion in tax breaks,” which goes to the highest-income earners, Ms. Ghilarducci said.
Read that carefully. Just a reminder that Democrats think it's their money, they just let you keep some if it.
Yep. Put more of these people in power. That's smart.
Obama on Tuesday, said that there would be a net spending reduction while he's in office. Immediately after the debate, his campaign said that "spending cuts" really means "tax increases" - so looks like Obama is going to raise taxes on everyone after he's elected.
Anyone who believes that his tax increases will only those making $250,000 or more are clueless.
Just relying on recent history; Clinton got elected in 1992 by promising a middle class tax cut. We got the biggest tax increase in history instead. Obama is promising a tax increase. What do you think he's gonna do?
That his campaign won't even say tax increases anymore should say it all. Instead, they say "look at the revenue side of things" or "spending cuts" - be afraid. Be very afraid.
Be ready for a multi year recession, possibly a global depression. 15% unemployment.
He's going to make Carter look like Reagan.
That is, if we can retain our sovereignty.
October 9th, 2008 - 23:55
You’re not helping…
But hey, just think about all that free bread and propaganda waiting for us on the other side of 4 years..(8-10?)
I’m depressed now.
October 24th, 2008 - 15:17
And the world will come to an end. Really? As a moderate, you have no one to blame but the Republicans, who presided over the biggest increase in govt in history. Bush ruined our standing in the world when we had everyone at our backs. And while yes, the democrats made subprime mortgages available to people who shouldn’t get them. the republicans made it possible for Wall street to sell them as securities. There’s plenty of fault to go around.