From a comment on CNN.com:
"Senator McCain, you have only yourself (and your party) to blame (for the current state of our economy). Barack Obama tried to warn you not inject presidential politics into this debate, but you refused to listen. You wanted to grandstand with this silly political ploy. This, like your selection of Sarah Palin, shows us that you lack the sound judgement needed to lead this nation. Your party created this mess and your party cannot seem to fix it. You yourself seem clueless. Instead of admitting any mistakes, you attempt to saddle the Democrats with this mess and point the finger of blame at them. Sorry my friend, but the Democrats have been telling us this melt-down was coming since 2005 and every attempt on their part to remedy the situation was thwarted by the GOP"
- William (http://edition.cnn.com/2008/POLITICS/09/30/bailout.candidates/index.html)
Right, which is inherent in the belief that free market capitalism is effective. Which it's not.
For those of you who don't regularly read the news/don't believe me:
http://www.usatoday.com/news/washington/2005-10-02-economy_x.htm
http://www.sptimes.com/2005/08/16/Worldandnation/Deficit__although_sti.shtml
"...Democrats on Capitol Hill were quick to warn about the long-term deficit. While this year's deficit will be lower than last year's record shortfall, the improvement is likely to be short-lived. Declarations of victory over budget deficits only distract from the disturbing long-term budget outlook," said Kent Conrad of North Dakota, top Democrat on the Senate Budget Committee..."
http://www.wsws.org/articles/2005/may2005/oecd-m26_prn.shtml
"The Organization for Economic Co-operation and Development (OECD) is the latest organization to warn of the growing imbalances in the global economy caused by the mounting US balance of payments deficit and slow growth in the rest of the world. The warning comes in its twice-yearly economic outlook released earlier this week. Citing the most important indicator of global imbalance, the OECD said the US balance of payments deficit would climb to nearly $900 billion in 2006, or 6.7 percent of US gross domestic product. A debt of this size would need an inflow of more than $2.5 billion per day from the rest of the world."
etc. This is old news that was (perhaps deliberately) ignored. This is why voting is important.
- William (http://edition.cnn.com/2008/POLITICS/09/30/bailout.candidates/index.html)
Right, which is inherent in the belief that free market capitalism is effective. Which it's not.
For those of you who don't regularly read the news/don't believe me:
http://www.usatoday.com/news/washington/2005-10-02-economy_x.htm
http://www.sptimes.com/2005/08/16/Worldandnation/Deficit__although_sti.shtml
"...Democrats on Capitol Hill were quick to warn about the long-term deficit. While this year's deficit will be lower than last year's record shortfall, the improvement is likely to be short-lived. Declarations of victory over budget deficits only distract from the disturbing long-term budget outlook," said Kent Conrad of North Dakota, top Democrat on the Senate Budget Committee..."
http://www.wsws.org/articles/2005/may2005/oecd-m26_prn.shtml
"The Organization for Economic Co-operation and Development (OECD) is the latest organization to warn of the growing imbalances in the global economy caused by the mounting US balance of payments deficit and slow growth in the rest of the world. The warning comes in its twice-yearly economic outlook released earlier this week. Citing the most important indicator of global imbalance, the OECD said the US balance of payments deficit would climb to nearly $900 billion in 2006, or 6.7 percent of US gross domestic product. A debt of this size would need an inflow of more than $2.5 billion per day from the rest of the world."
etc. This is old news that was (perhaps deliberately) ignored. This is why voting is important.