Does that mean socialism was the better choice from the start?
by Jack E. Lohman
Economics is not my expertise. Part of me says bail them out, for a price, and another part says we need this correction. I’m not smart enough to know how the rest of the cookie will crumble, yet I don’t trust the politicians that let it get this far and are now touting the solution.
The D’s are as bad as the R’s. They pushed to weaken finance terms to people that couldn’t afford the debt, and the R’s were right behind them. The R’s pushed for repeal of banking regulations, and the Dems were behind them. Then they both watched the industry load on with adjustable rate morgages to drive the buyer’s house payments throug the roof. The rest is history, here’s how the Senate and House voted.
None of this bailout would have happened under an honest political system. I wish that politicians were not on the payroll of the banking and credit industries, but they are. Now our capitalism is threatened.
We have but one major problem in the US government: Political corruption. John McCain gets it, Barack Obama doesn’t. McCain and Feingold fought to limit campaign dollars in Congress, though Mitch McConnell and Tom DeLay fought back. It’s no wonder, because campaign cash helps fuel the 95% re-election rate that politicians covet.
Obama’s answer? To turn down public funding of his campaign.
Not to be forgotten are the fat cats that walked away with $50-100 million per year salaries. They must be really proud, taking a bigger piece of our GDP, sending jobs overseas, whatever they could get by with. Hopefully they will get theirs in the end, though my “values” friends will disagree.
The important thing is not how the candidates did in the debates, and not the rhetoric they spew. What really matters is, if elected, how they perform in office. This is McCain’s last hurrah, and he wants to leave a good legacy. Once elected he will not bend to the right-wingers, and I think they know it.
I remain 55-45 in favor of McCain, though I know my vote will not matter. Obama has a lock on Wisconsin and likely the rest of the states as well. And I’m stuck with Sensenbrenner.
The rest of the House and some in the Senate are up for grabs, and that’s what will matter moving forward. Let’s hope the rest of the country gets rid of the rascals.