“Obama Has My Back” messenger bag, by Chrome.
Photo by AdamJackson1984 (via Flicker)
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“Obama Has My Back” messenger bag, by Chrome.
Photo by AdamJackson1984 (via Flicker)
This thing has 7 Comments
And he’ll have all your money if you elect him.
How so?
Currently the Republican administration is proposing a plan to bail out private companies at a cost of $700 billion to the American taxpayer, a move that will leave American in debt for generations.
The Bush administration’s proposal is the equivalent of paying your mortgage with a credit card. Debt paying for debt. It’s a losing proposition.
Would you prefer that your tax dollars, and those of your children, be spent on interest to debt held by foreign countries?
Have you even given it that much thought?
Where can I buy one?
This whole debacle was caused by failed social policies forced on to lenders by congress in the 90’s. Fannie and Freddie were buying loans that shouldn’t have been made. Then people realized that they could get loans and some got greedy. This caused a real estate price bubble that couldn’t be sustained. When people couldn’t sell their houses anymore the foreclosure rate went up. This turned the mortgages that backed up the loan instruments into junk. The republicans tried to regulate fannie and freddie several times, even Bill Clinton said on ABC that the democrats blocked the oversight of them. Mainly because they were feeding their pet projects and donating huge sums of money to them.
Dallas - Republicans have been anti-regulation for _decades_. Fannie and Freddie are only a small part of the financial failure. Congress was run by a solidly Republican majority through most of the 90s, and while the failed policies of the Republicans are indeed to blame for this mess, most of this is the result of the sub-prime mortgage boom of the past 6 years. And we already know that just because Clinton says it doesn’t make it true.
I hope this bailout plan dies a bi-partisan death in congress and these foolish, predatory CEOs are left to pull themselves up by their bootstraps, and those who have preached de-regulation (like McCain) for decades will have finally learned their lesson.
But how would Obama have all our money again?
and where can I get that bag?
I don’t know yet. It might be a one-off. Some of the Chrome bags are made to be decorated.
When I find out more I’ll let you know.