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Politics : Al Gore vs George Bush: the moderate's perspective
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To: long-gone who wrote (2333)10/13/2000 12:41:57 PM
From: American Spirit  Read Replies (2) of 10042
 
You obviously haven't read the history of the S+L debacle and the Reagan cronies who cooked it up. It lowered the standards for loans and owning an S+L bank so every fast-buck artist could get himself a bank, make outrageous low-collateral loans, live high off the hog then go belly-up and leave the bill to tax-payers. The amount of money stoken from the tax-payers using this scheme amounts to more than we spent on the Vietnam War and we're still paying for it. When Reagan signed the bill he proclaimed this was a "great day for America". You can hunt all you want for minor flaws in government spending but when it coems to just plain ripping off the entire country, the S+L debacle and its so-called conservative (though not fiscally conservative by any means) GOP sponsors win the Award Of The Century, The Golden Pig award. Expect a possible Bush-Cheney administration to invite the pigs back to the trough, especially when it comes to grabbing up cheap public lands and despoiling them for quick-buck profits. That happened a lot too during the Reagan administration as he appointed a vocal anti-environment James Watt to run the Department of the Interior. Suposed to be protecting public lands but unapologetically gave them away cheap (even to foreign companies) to strip-mine, clear-cut, mine and leech and leave in ruination.
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