BoatBanter.com - View Single Post - GOP and wall street fight financial regulations

bpuharic

On Mon, 26 Apr 2010 12:50:13 -0400, wrote:

On Mon, 26 Apr 2010 11:57:38 -0400, hk
wrote:

You're really oversimplifying here, my friend. There are tens of
millions of Americans who are suffering as a result of the Bush Deep
Recession, and most of them were not "involved" in any significant way

I was just referring to BP who still seems to have his job.

with no pay increase in 2 years.

it's a trend. the rich take ALL the money. including middle class
401k's AND then make the middle class bail 'em out.

and righties like you tell the middle class we should be grateful to
the rich 'cuz they're rich

As far as I am concerned, this crash is just the blowback from what we
did to recover from the 90s slashing of good tech jobs. They tried to
rebuild the economy on houses that nobody really needed. The
government created and allowed the financial community to create about
$2 trillion in phony money to fuel this quest for more houses nobody
lived in. That folly was doomed to fail the first time a person
couldn't sell a house for more than they owed on it.
You can blame that on Bush if you want but there were plenty of
Democrats on that bus.

agreed. but the right thinks obama ONLY is responsible, not
recognizing that socialism for the rich is an economy killer