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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (81351)	10/5/2008 4:26:35 PM
From: Elroy Jetson	7 Recommendations Read Replies (1) \| Respond to of 94695

What does the looting of the banking system to pay for George W. Bush's post-9/11 "Ownership Society" real estate bubble have to do with Fannie Mae? .

To: GROUND ZERO™ who wrote (81351)	10/5/2008 4:57:31 PM
From: XBrit	11 Recommendations Read Replies (2) \| Respond to of 94695

OT and my last politics post (sorry): Yes, I agree that the credit/asset/debt bubble and the associated failure in regulatory oversight has been a failure by both parties over many years. My view, which obviously you disagree with, is that: (a) The Bush administration, with its radical right-wing ideologies, pushed the no-regulation mess to extremes unseen since the 20's. (b) The irresponsible Bush tax cuts, budget deficits and "ownership society" policies contributed greatly to the bubble and to our economic problems for the next generation. (c) Although IMO both McCain and Obama are men of integrity relative to the very low standards in Washington, I believe that Obama has the intelligence, character, vision and policies to put the country back on a better path. And by the way, I'm a centrist. If I still lived in England, I'd probably vote Conservative in most elections. I do believe that an advanced democracy, in its own long-term interests, needs to put a safety net under the least advantaged. In the European countries, all parties, right and left, agree with that principle. I don't like dangerous extremists. In England, those extremists have traditionally been the left wing nutjobs in the Labour Party. In this country, well go figure where I think they are.