Monday, September 15, 2008

It's obvious to me that McCain-Palin and Obama-Biden could never find their butts from a hole in the ground with a map, compass, GPS, broad daylight, all hands, and coaching from expert onlookers.

We seem to be doomed, at least for the near term.

Some blame for the latest meltdowns on Wall street and the sub prime mortgage mess have been put on "Liberal Democratic" goon squads forcing lenders to lend to bums off the street. This is baloney- the meltdown was largely caused by a combination of faulty regulations, rampant speculation by the firms in question (derivatives, etc.) and Alan Greenspan's low interest rates, which bubbled the economy. If the rate had never been so low, the idea that one could flip houses and get rich in a few years would have never taken hold.

Exactly why the rules for lending became so absurdly lax, I don't know. But talk radio paints an image of Liberal Democratic mafioso strong arming lenders into lending mortgages to people woefully unqualified to assume such debts...?

So- did goons from Senator Kennedy's office barge into a lenders office and rough up the manager, threatening him with "cement golashes" if he didn't sign over a mortgage loan to a "bum" earning about 40-$50,000 a year?

The recent bailouts involve taxpayers money, money that doesn't really exist- the printingpresses must be seizing up by now.

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