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Bush, McCain/Dr. Phil, Bernanke/Paulson (FED), Obama, and recession.

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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-11-08 06:09 AM
Original message
Bush, McCain/Dr. Phil, Bernanke/Paulson (FED), Obama, and recession.
Edited on Fri Jul-11-08 06:11 AM by vaberella
I was talking about Bernanke and Paulson (cheif and secretary Treasurer, respectively) of the Fed going to the White House this week. That made me nervous, last time something like that was heard of Volcker was rescuing Nixon from destroying the dollar.

http://takingnote.tcf.org/2008/05/is-paul-volcker.html

Now we're basically reminiscing it seems. First it was Nixon and his traitorist acts against the nation and the people and now we have Bush's crimes against the American people (thank you Kucinch---for fighting a losing battle) and now much like the drama back then in regards to the economy and the current recession we're facing now in wars, military spending, failing infrastructure, collapse of the housing market, gas prices, and food prices; at least Nixon could say, it wasn't that bad under his Presidency. However were still in an unwanted war with active protests by the citizenry; all this resulting in a shafted citizenry 30 years or today.

So upon looking at the thread and remembering my past post and since the front page (earlier) of the FT (Financial Times) has Bernanke and Paulson looking pensive and distracted (pic--not around). At this point we are in a recession and it's a big issue.

http://www.ft.com/cms/s/0/1595f8e6-4eb1-11dd-ba7c-000077b07658.html

What then comes to my attention on this board and when I read the article I could completely believe it and I knew this would happen. This is the reason I supported Obama so much, hitting the corporatist where it hurts so I don't have to pay for their mistakes. Now it would seem our economists similiar to Dr. Phil Gramm's way of thinking, is that we're at fault some how for this crap that's going on and therefore we have to pay to take care of it.

Read it, understand it, and if we weren't doing anything before we definitely need to do it now.

When complaints and bashing is done, lets refocus the energy on things of immediate concern.
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=103&topic_id=370542&mesg_id=370542


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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-11-08 07:32 AM
Response to Original message
1. The govt. is asking for more "tools". This time the "tools" are
for the banks. Seems to me that Elliot Spitzer was the one tool that could of gotten to the bottom of this dirty business.
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