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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (102675)	10/5/2011 8:15:21 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

What went wrong after Dec 2010? Easy. The problems of 2008 were never resolved. Failure to indict and prosecute the criminal bankers. Failure to execute the laws on the books and regulate the entire financial industry. Derivative exposure is far larger now than it was then and it still goes unregulated. Suspension of mark to market accounting for banks. They now engage in mark to make believe. Spending trillions on heroin for the heroin addict sure felt good for a couple of years, but now we have the mother of all debt/heroin hangovers. What went wrong? Nothing has gone right since Bush was elected and Obama after him. Fiscal responsibility was thrown out the window and when things got tough, everyone decided to shit on the Constitution, instead of sucking it up and doing the right thing no matter how tough. None of this is rocket science. I know how to solve all these problems. But it would be very very painful. We've let the cancer spread for so long that the surgery and chemo required is going to be damned hard on the patient. Even now, it is still not too late to save our economy, reset it for future growth, and still manage to return to the freedoms and free markets that our Founders tried to safeguard in the Constitution. The longer we let this cancer spread, the more we will find that not only has the economy deteriorated past the point of no return, but that everything we hold dear, including freedom and free markets, will have disappeared. We're already watching the very alarming signs of those things being shoved by the wayside for expediency's sake. We need to stop this right now. Those folks protesting on Wall Street? They don't have a clear agenda, but they get what I'm talking about in their bones. Maybe they can't articulate it, but they understand at their core that something is rotten in America and that the epicenter is Wall Street. They are right.