Thursday, September 25, 2008

The Financial Crisis, Democrats To Blame

I have no idea if the bail out is a necessary evil or an impending disaster but my whole gut screams NO! at spending nearly a trillion dollars to bail out Wall Street and the twits stupid enough to get loans they couldn't afford. You shouldn't take money away from the taxpayers who've been fiscally responsible with their money and give it to financiers who squandered it and people who couldn't manage it. We are in this stinking mess because socialist Democrats forced banks to give mortgages to people who shouldn't have gotten them. The Democrats made the mantra "affordable housing" a must for everyone and made having a house and credit a civil right.
I swear I just want to throw up every time I hear Christopher Dodd or Barney Frank spew their false self righteousness drivel. How in the world can they stand up in front of American and blame Bush and the Republicans? Of all the Democrats who are responsible for this disaster, they shoulder most of the blame. Alan Greenspan in 2005 told Congress how urgent it was for it to act because Fannie and Freddie were heading for a disaster. Democrats led by Christopher Dodd voted against the bill that would have stopped the meltdown that’s happening today. One would hope that these Democrats would get booted out of office, but I guess people like returning corrupt politicians to Washington.

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