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Thursday, January 29, 2009

CNN's fairy tale version of economic crisis


CNN encapsulates the financial meltdown in a thousand words or less-blaming the subprime borrowers (firstof course). The greed and lack of restraint on wall street-bush give to the rich policies aren't in this fairy tale-Let's make the peasants the villians.

CNN lead in:
How a 'perfect storm' led to the economic crisis
Story Highlights
Firms are cutting jobs, credit is frozen and billion-dollar bailouts are being doled out
Experts trace the crisis to a housing bubble from earlier this decade
A confluence of greed, lack of regulation and reckless borrowing played a role
(interestingly this isn't attributed to Bush or Wall Street greed)

Republicans-Like Flying Monkeys-stupid and scary

Those of you who armchair the economy like the Republicans are doing need to settle down.
Most of us don't understand economic theory anymore than we do black holes in the universe.
We can foist our ignorant opinions on any polite listener(and believe me, you will be lucky to find one) but we are in uncharted territory here and we have some of the best minds in our country working on it.
This team work concept of Obama's doesn't sit well with the school bullies.
They don't want to take their toys and go home because they aren't allowed to cheat at the game anymore and twist arms, yelling, "say uncle".
Instead they have found a new venue for their bullying-
They call it "conscience" and the collective conscience is "stupid is as stupid does" These guys want to make sure (if they have the opportunity to destroy whatever possible success the Americans have of getting out of this mess-)that everyone knows they didn't vote for the aftermath of their destruction.
Do you understand that how that works? The GOP are using that airtime telling everyone they could not vote it. Need more tax cuts for their rich friends.(Like that worked). Doing everything to obstruct it-
to replace it with the same presents to their rich friends and corporations that got us here.
Hey, armchair economic experts-lets try something new. Not listening to your same old tired rhetoric full of hostility and resistance.
Let's give this a chance.
Or aren't you scared enough yet? Is that what we need to do to get you to build instead of rip apart?
Make you so scared you are ready to wet your pants?