I am not an economist. And like John McCain, I don’t know much about economics. So that makes both of us ideally suited not to be president. What I do know is this: our economy is in the toilet. And I’m not talking about the comfy, porcelain refuge where we get most of our reading done. I’m talking about the kind of unforgettable, hell-hole of a toilet indelibly imprinted on my brain from the movie trainspotting.
I also know this: our economic catastrophe happened under the Republican’s watch, as a result of (in part) Republican lust for deregulation. Yes there is plenty of blame to go around…not least of which for the many ceo’s, boards, speculators and executives who drove the financial sector into a ditch. But I’ll be damned if I am going to sit by quietly while my tax dollars bail out these failed corporations, while pirate ceo’s get off with multi-million dollar golden parachutes.
Whatever happened to the republican mantra of letting the market take care of itself? What good will it do to spend hundreds of billions of dollars to keep these companies treading water until they ultimately sink? Eventually the chickens will come home to roost. Why on earth should you or I have to bail them out? Are they bailing me out? As I recall, Bush made it much harder for individuals to file for bankruptcy…protecting credit card corporations by keep their prey on high-interest hooks. But big business? Suddenly a free market economy doesn’t matter. Now it’s all about intervention.
I realize that investors will suffer if many of these companies go under. But that is a risk that one takes by playing the market. Thank god Bush didn’t get his way about social security. Just another failed economic strategy that McCain embraces. So, if you want to go on living in an America where the economy is about as stable as John McCain’s judgment…by all means…vote for him and Palin. Like I said, I don't know much about economics...and maybe I should just stick to railing against the administration about those things which make more sense to me. But I do know this for certain: if you want to live like a Republican, you’d better vote for a democrat.
Tuesday, September 23, 2008
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