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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (256066)	6/29/2008 1:30:40 PM
From: Whitebeard	Read Replies (1) \| Respond to of 793799

I don't know why they're talking so much about energy. Credit/liquidity is the problem. Unless you're so rich you don't need it, you can't borrow money. No liquidity, no buying power. no new businesses, home remodels, expansion. Credit cards are raping people. they made it harder to declare bankruptcy. no escape. Couple that with inflation and you have a killer combo for the middle and lower classes, and retires on fixed incomes. The pain is just beginning. Nobody is taking responsibility for how we got into this mess. The Fed screwed the pooch, starting with Greenspan. Everybody knew about the sub-prime mess two, three years ago. It was common knowledge in the real estate business. Nobody did anything. it was too lucrative for everybody, including the politocs that were getting Countrywide's donations. the country's been raped with the willing help of politicos of both parties. Tomn DeLay was in charge of selling the Republican party. they turned out to be just as bad the Demos when they got power.