Lets see - In June 2007, this is where we were:
Posted 5 weeks 4 days ago by
George Bush had been in office for 7 1/2 yearsThe first six years, 2000-2006,the economy was fine. 1) Consumer confidence stood at a 2-1/2 year high. 2) Regular gasoline sold for $2.19 a gallon and was always available. 3) The unemployment rate was 4.5%.4) The DOW JONES INDEX hit a record high -- 14,000+5) American's were buying new cars, taking cruises and vacations overseas........ living it up.But some American's wanted 'CHANGE'! So, in 2006, they voted in a Democratic Congress & yep -- WE GOT CHANGE ALL RIGHT1) Consumer confidence plummeted.2) Gasoline climbed to almost $5 a gallon forcing the cost of all transportation and goods to increase. Check out the cost of food now.3) Unemployment is still climbing to new highs. 4) Americans have seen their home equity drop by $12 trillion dollars & prices are still dropping.5) A huge number of American homes went into foreclosure and it hasn¢t stopped yet.6) "THE DOW" dropped to a new low ~10,300 -- $2.5 TRILLION DOLLARS HAS EVAPORATED FROM OUR STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS! 7) Since the Democrats took over Congress, stock brokerage houses and banks have failed or been taken over by FOREIGN COUNTRIES. CONGRATULATIONS CONGRESS....WE ARE NOW OWNED BY CHINA. To bail us out, Congress BRIBED its members to vote "YES" on the second bailout bill. The first one had gone down in flames. The American people have been forced to take on another 800 million dollar debt to pass along to our grandchildren. (Of which 100 million goes for such necessities as toy arrows, etc. ). Does anyone doubt that the 700 million will go to the same "fatcats" who ruined their corporations to start with? You really don't believe it is going to get down to the people whose homes were forclosed, do you? HOW CRAZY - The CEO of Washington Mutual, Mr. Fishman, who held the position for one month before the corporation nearly went under before being taken over, is leaving his position with a 13 million dollars severance. Mercy, Mercy. YEP, IN 2006 AMERICA VOTED FOR CHANGE! AND WE GOT IT! A DEMOCRATIC CONGRESS, with NANCY PELOSI, . HARRY REID AND BARNEY FRANK..Now the Democrats' candidate for president -- and the polls say he's gonna be 'the man' -- claims he's gonna really give us change! Just how much more 'change' do you think you can stand?














Thoughts
janmb
Submitted on October 10th, 2008 by rom12921"Never in our history has an administration catered to the wealthy at the expense of the rest." How so?
Another viewpoint
Submitted on October 10th, 2008 by janmbLet's be fair.
Democratic congress needs 2/3 votes and often 60% on some votes to get anything they want accomplished.
The republican lawmakers rubber stamped EVERYTHING that GWB wanted.
The democrats stand a chance of getting 60 more seats. The democrats may win this election too. Then we'll see and you can make a new judgement.
THe Bush economy has been GOOD for the rich only and the middle class continued to suffer and gradually disappearing. Never in our history has an administration catered to the wealthy at the expense of the rest.
Calling the Old Media: Five Million Illegals Have Illegal Mortga
Submitted on October 9th, 2008 by John 2000check it out ... read the comments.
http://newsbusters.org/blogs/warner-todd...
Five million X a cheap $100,000 house still equals $500 billion of liability doled out to ILLEGALS. (who needs militant terrorists?)
By the way, has anyone come across any sort of detailed breakdown of the subprimes given out since 2006? to whom? by whom?
Interesting perspective
Submitted on October 9th, 2008 by rom12921The economic recession, slowdown, disaster we are currently experiencing is a normal business cycle aggravated by housing speculation. In 05-06 up to 1/3 of loans on real estate were for non-residents (house flippers , 2nd homes, etc)
Just because Dems were elected, doesn't mean they caused the disaster. However, I think it is valid to argue government regs changed by made it easy, even encouraged, irresponsible behavior.
Bush inherited a recession in his first months in office. Instead of recovering, 9/11 set up back w/severe economic downturn in 2002. 2003,2004,2005,2006,2007 were good years w/GDP growth.
2008 not so good but we've come through hard times before as Americans. We will again.