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Misdirected anger
Many of the "Boston Tea Party" tax protesters who took to the streets around the nation on Wednesday - a largely conservative, anti-Obama crowd - complained about the government wasting taxpayer money by bailing out banks and insurance giant AIG.
Are their memories really that short, or are they just stupid?
The bank and AIG bailouts were BUSH initiatives.
Are their memories really that short, or are they just stupid?
The bank and AIG bailouts were BUSH initiatives.
posted by Jeremy Schiffres, City Editor at
12:46 PM
2 Comments:
... which Obama had the option of continuing to do, or not continuing to do, and he continued to do so.
I think a lot of fiscal-conservatives were just as upset at Bush about it, but at the end of the day, knew that Bush was completely lame-duck and we just had to survive a few more months of his insanity. Only then they found themselves with another president from the other side of the aisle, continuing the process of sinking the country in debt.
It's always amusing when government believes the answer to a debt-fueled-financial-crisis is to sink the country further in debt. It's the functional equivalent of me having tens of thousands of dollars in credit card debt and shouting "Hey, let's go to the payday loan place to get the money to make the credit card minimum payments!"
This is not a Republican-Democrat thing---why must we continue to place blame accopring to our political ideologies.
Our current economic state was caused by the following:
-$3 coffees from Starbucks
-The desire to have 60 inch TVs in every room in every house.
-Buying McMansions when you could really afford a starter home.
-Believing that going to Disney World is an entitlement, rather than a luxury.
Be fair. We caused this mess, it's not just the fault of AIG and the other banks. When you make $30,000, you shouldn't walk into a bank and get a $400,000 mortgage. The public has to have better sense than that.
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