you are partially correct.
did it ever occur that the culprit in this whole f****ng mess is non other than gwb, ALL the stooges in congress, & all the good citizens of this country that want(ed) everything on the cheap by voting for gwb. we got what we deserved, ..we got what we voted for.
the dips**t gwb inherited a terrific economy in Jan2001...the US$ was strong, the nat'l debt addressed, unemployment just at 3.8- 4%, the 'blacks' financially/ economically joined the middle class for the 1st time in history.
the U.S. was sitting pretty..an increasingly vibrant middle class, well paying jobs were being created in the private sector, the nat'l debt being paid down.
all that went into the shi**er in Nov2002..the rest is even s***tier history & what the hell happened anyway.
so, for anyone to sit there & wag their fat fingers at Bernanke, that is superfluous at best.
thinking about the S&L fiasco during the previous republican admins, you wonder why the sub- prime fiasco is here today. mention 'regulation' & the WallStreet sphincter mussles tighten. does this country ever learn from it's mistakes or is it just another inconvenient truth, another excuse of some vagueness, another 'don't worry, be happy' as this is America..isn't it? we will all get rich, in the least, a few of us will.
Bernake will lower rates, the markets will be flushed with cheapened dollars, but you have to wonder about the people on fixed pensions, the foreign holders of 5.5 trillion US$..now they cannot be happy at all with this scheme of Fed events.
just thinking what the other 49.9% of the voting public that did not vote for gwb...they should be p****d off beyond belief.
loach |
