Thursday, September 8, 2011

What's your plan.... - Part 7

The point was it was the Fed who enabled, the Administration who failed to oversee, and yes, the Uber Liberal Congress who encouraged and participated in the Ponzi scheme, in particular through Fannie Mae and Freddy Mac.

Next it was Bush who went along with TARP, schemed by the Fed, and Obama and Company, the Ultra Liberals who pursued the Stimulus Act, all the while we've fought wars on poverty, drugs, and terrorism to no avail, besides building the walls of our own prison. Corporations pay less and less in taxes and the deficit balloons.

The point is not to lay blame, only make an observation that it can't get much worse, with low employment rates, and ask how bad will it have to get before Americans revolt? Reagan talked the talk, but didn't walk the walk, cuts in corporate taxes weren't accompanied by corresponding cuts in spending. Wake up! My point certainly wasn't GWB caused anything, neither has Obama. They have either gone along, or encouraged and participated in it, along with Congress, the Fed and Wall Street. The question is, how do we right the Titanic? Who will stand up? It won't happen until a majority of Americans demand higher taxes for corporations and a balanced budget amendment. I've even suggested paying off the debt, but the worst thing we can do is cut spending before jobs are brought back onshore.

There it is, fact for fact. Do with it what you will, America.

What's your plan.... - Page 15

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