As we celebrate this Christmas looking into the abyss of total financial collapse, we need to recall how we got here. Yes, Demicans and Republicrats spent like crazy in pursuit of our votes, and we egged them on. Now we're $10 Trillion in the hole, $50 Trillion of you count all future liabilities.
But what crashed our economy? Democrats.
Led by Senator Chuck "Schmucky" Schumer and Congressman Barny "Frankenstein" Frank. Their unholy alliance with Fannie and Freddie caused this economic nightmare: Fannie and Freddie paid them campaign contributions while senators and congressment kept shoveling government money back at them while ignoring their ineptitude, mismanagement and outright fraud.
That, coupled with government coersion of financial institutions to drop prudent lending practices, is what pushed us over the edge.
Who warned of a crash and tried to stop it? Republicans.
Led by President "Compassionate Conservative" George Bush and Senator John "I'm too honorable to win" McCain. In a rare fit of conservatism, these two men tried to put the brakes on this unholy politico-financial-cluster-alliance, but were unsuccessful.
Here is a Fox News timeline on YouTube, courtesy of Proud To Be Canadian.
It is important we not forget how this happened. Every time some phoney baloney BDS sufferer opens his or her mouth about how George Bush wrecked the economy, we need to shove these facts back at them. They've got all the megaphones now, but that doesn't stop conservatives from speaking the truth.
2 comments:
This is so ridiculous, I gotta stop commenting on this propaganda.
OK. Then stop.
Post a Comment
Note: Only a member of this blog may post a comment.