A BUZZFLASH READER CONTRIBUTION
by Tom Wieliczka
Many of you remember Ronald Reagan saying that "Government is not the solution, Government is the problem."
Republicans always proclaimed this as their gospel and Reagan as their "god." One only needs to look back at the Republican debates and all the praise each of the candidates had for Reagan.
Today, we find ourselves in many serious economic problems. Over 400,000 homes defaulted last month alone! And the price of oil keeps going through the roof, while people are losing jobs in droves and the cost of the war keeps getting put on our Federal "credit card" by Bush -- as if he were in a bar getting drunk and telling the bartender to "put it on my tab" (for others to pay).
The economy has been in tough, recession/depression like conditions for too many people in this country. To solve this problem, McCain tells us that "Social Security is a disgrace." Then he sends out his economic advisor Phil Gramm, who tells us "we are a bunch of whiners" and the economic conditions are "all in our heads," because of our complaints about the condition of the economy.
Credit Crisis Meltdown Is a Prelude to Global Economic Depression [1]
Phil Gramm: Recession Is "Mental," America Is "Nation Of Whiners" [2]
This is the same Phil Gramm that screwed the people in California when he put the "Enron Loophole" into a farm bill. How ironic that McCain always claims he is against pork and yet he has Phil Gramm, who put costly pork into a farm bill; pork that shot the electric bills of residents through the roof for one Texas company.
McCain Defends 'Enron Loophole' [3]
Well, that's real easy for Gramm to say we are "whiners," since he is a multi-millionaire and a Vice President as UBS Bank. And the man he is advising who knows nothing about economics, John McCain, is a multi-millionaire many times over -- thanks to his wife's rich fortunes.
These people don't have a clue what it's like to have problems that can't be paid for. When the McCains get their tax bill for their house (one of seven), they have the "pull" to put off paying it for four years. Gee, do you think you could pull that type of stunt with your own house taxes in your town -- for four straight years? Don't try it -- and don't hold your breath -- unless you want a lien put on your house!!
Yet now, under all the economic failures of the Bush Administration, the government suddenly had to "bail out" Freddie Mac and Fannie Mae; along with the FDIC bailing out the savers at IndyMac Bank and many other banks! More bank failures are on the horizon. Great, just what we need. Suddenly, the mattress is looking like a great "investment vehicle" in which to store my money.
It's Bigger Than Paulson And Bernanke / It's A Bush Depression [4]
U.S. pledge fails to lift cloud over Fannie, Freddie [5]
More banks may fail after IndyMac: analysts [6]
Whatever happened to the "Republican gospel according to Ronald Reagan," regarding Big Government? Here we have a Reagan follower and advocate, Larry Kudlow, saying he is all for the government get involved and bailing out Freddie Mac and Fannie Mae. Guess Larry doesn't want a housing depression to hit us (as if it already hasn't), since it would cause a stock market crash, Larry would lose all his assets and his buddy George W. Bush would take the place of Herbert Hoover, when people talk about "the depression."
Hey Larry, I thought you were an advocate of the Government staying out of our affairs! Which way is it? You can't have it both ways!
Cleaning Up Fannie And Freddie [7]
How ironic that these advocates for less government have no problem having the government getting involved -- just as long as their investments and bank accounts will be saved.
A BUZZFLASH READER CONTRIBUTION
Tom Wieliczka
Windsor Locks, CT
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Technorati Tags: Reader Contribution [13] Tom Wieliczka [14] Ronald Reagan [15] less government [16] John McCain [17] Phil Gramm [18]