The U.S. financial meltdown in in full swing. The banks have been given their first infusion of money, somewhere in the range of 300 billion, and no one has any idea where it went and the banks won't tell. Look in the personal bank accounts of the banking executives. This is a joke. We, the American tax payer, are giving billions to the very people who created this disaster. There is no accountability and they act as if it were their god given right to be bailed out, it would be better to jail the bastards and create a fund for the American people to stop the mortgage melt down that looks to be getting worse.
The U.S. and the worlds economy is in free-fall thanks to the policies of the Bush administration and in part the Clinton administration. But the majority of the credit for this disaster must go to Bush and the six years of a Republican congress who never saw a Bush spending bill it didn't agree with.
Unregulated business that is corrupt and exploitative and in bed with a corrupt administration is the recipe for economic disaster. The bush administration's support for free a market and hands off business allowing businesses to be un-fettered by regulation are responsible for this massive crisis.
Following the bankers to Washington with their begging bowls out for their handout are, the paragons of American industry, the U.S. car makers. Flying into Washington in their private multimillion dollar private jets, they have the unmitigated gaul to ask for a multibillion bail out, that's chutzpa. They have blamed their troubles on the auto workers and the union and it's retirement and medical benefits. Of course when the auto makers were making billions the union was okay. It is not union benefits that has caused the U.S. auto decline; it is me and you and everyone I know who bought a Honda, Toyota, Nissan, and the kamikaze Zero making Mitsubishi. I have two cars in my driveway a Toyota Prius and an aging Nissan Altima. My next car will undoubtedly be either Japanese or German made. What is the problem with American cars? As I've said in the past they can't compete and they suck. The U.S. auto makers make a decent truck but as far as cars go they are clueless.
Greed, shorted sighted, poor planning and just a terrible business paradigm have buried the American auto industry. The best course of action is let them fail, sell off the assets and give the proceeds to the unions to fund the retirement program; or let them merge and make a better company which I doubt they could do. It is time to let them go the way of the Dodo, they are as about and useful, let's not waste any more taxpayers money of a failing industry, they are done, stick a fork in them, done, done, done.
It now seems that the line at the door to congress is growing as more and more businesses and struggling industries are waiting hat in hand for their hand out. The very people, industrialists, businessmen who support the conservative Bush administration and are anti socialist now want to feed at the trough of the American people and suddenly that great bastion of democracy, American industry, feels entitled to a new form of social welfare, so much for capitalism, now were all socialists. The government is not helping struggling American home owners, struggling to pay interest rate bloated mortgages. Well American industry needs to suck it up and do what working Americans does, tighten your belt, work harder and do with out. It is time to stop the handouts, some businesses and industries will fail but in the end the American economy will fix itself.
We have a chance for a new start under Obama. He represents hope and a new start for America. No longer will the American president and administration take care of his cronies in oil and banking, the real thieves and crooks. The hope Obama brings to the country is of a president with intelligence, compassion and vision of a future that is possible with leadership that does not pander to a myopic elite at the expense of the nation.
"Farewell to All That: An Oral History of the Bush White House
The threat of 9/11 ignored. The threat of Iraq hyped and manipulated. Guantánamo and Abu Ghraib. Hurricane Katrina. The shredding of civil liberties. The rise of Iran. Global warming. Economic disaster. How did one two-term presidency go so wrong? A sweeping draft of history—distilled from scores of interviews—offers fresh insight into the roles of George W. Bush, Dick Cheney, and other key players.
by Cullen Murphy and Todd S. Purdum February 2009"
Bush’s last rule-making hurrah. Who's president is he, he isn't mine or yours either.
Cheney; the prince of darkness and his evil legacy.
The Nazi's had nothing on Cheney. He could have given Himmler lessons.
It's time for The Nurenberg Trials USA to begin for the Bush administration.
The action of the FDA falls under the name of criminal. There should be prosecutions and jail for their incompetance or duplicity in allowing Melamine to become part of the food supply.
The truth not as Fox painted it. As if Fox News would know the truth if it bit them on the ass.
"The dishonesty of the narrative about Mr. Obama during the campaign went a step further with its assumption that if you can place two people in the same room at the same time, or if you can show that they held a conversation, shared a cup of coffee, took the bus downtown together or had any of a thousand other associations, then you have demonstrated that they share ideas, policies, outlook, influences and, especially, responsibility for each other’s behavior. There is a long and sad history of guilt by association in our political culture, and at crucial times we’ve been unable to rise above it."
The truth about the federal reserve.
What is the truth about the Federal Reserve and it's abuse of trust? Whose interest does it really serve?
"A Wall Street insider’s look at how the Fed shifted risk to taxpayers, rewarded reckless risk, and damaged the economy
Years of trying to control the economy with easy money has finally caught up with the federal government, and now its practice of repeatedly rescuing Wall Street is under acute scrutiny. In Bailout Nation, financial heavyweight and industry pundit Barry Ritholtz connects the dots to reveal how corporations were allowed to act irresponsibly, and why the consumer is left suffering in an economy of bubbles, inflation, and a devalued dollar."
The New York Times reports on the disaster that is the largely unregulated and unmonitored coal and ash ponds across America that has caused an ecological disaster with billions of gallons of toxic sludge flowing into rivers and streams contaminating 300 million acres in East Tennesse. Photo: New York Times
"In one of the report's most worrisome findings, the agency estimates that in light of recent ice sheet melting, global sea levels could rise as much as 4 feet by 2100. The intergovernment panel had projected a rise of no more than 1.5 feet by that time, but satellite data over the last two years show the world's major ice sheets are melting much more rapidly than previously thought. The Antarctic and Greenland ice sheets are losing an average of 48 cubic miles of ice a year, equivalent to twice the amount of ice in the Alps."
Over the last century global warming has already caused all Alpine glaciers to recede and has led to an upward migration of Alpine plants at a rate of 0.5 - 4 m per decade
"Monsanto already controls America’s genetically modified food supply. Now it’s targeting milk. Barlett and Steele report on the company’s ruthless tactics and toxic history."
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