What Really Scares You?
First, I am hearing this 'scary' theme and can't imagine that anyone with any real sensibilities can adopt it. We haven't really gotten any portraits of presidents with big ears before? Oh, silly ol' me
I want to stomp on a lot of 'Obama scares me' messages, and just had to point out to an old friend that Jesse Jackson Jr.'s being on a committee doesn't mean that Obama is a racist radical, it means the same thing that Geraldine Ferrarro's being on one of Hillary's committees means. That is a constituency that is being brought into a position of support. It is not commitment to race wars. I am disappointed to hear over and over that people I would rather respect want to reject some one because he's from the other side of their tracks.
Who can listen to McCain and then listen to Obama, and declare 'Obama scares me'? A hideous war, destruction of our economy, an end to the rule of law, and trashing the constitution, this isn't scary? The right wing has done more destructive damage to this country than anything that ever happened before, and I hear people saying 'Obama scares me'? I have brown shirts for all of you scared types. If the past seven+ years of tearing this country into pieces didn't frighten you, you have nothing to complain about. You are avoiding basic truths.
Phil Gramm - who created the Enron offshoring of its investments to avoid oversight - is McCain's economic advisor - now that is really scary. Judgment is shown by seeing that horrible damages have been done and repairing the damage, avoiding the repetition of it. McCain shows just the opposite.
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For instance:
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Your economy has been turned into a shambles. Now, that's scary.
Listening to the authors of WaPo's article on the 'sub-prime bust' - which is a large scale scam - I noted that they were adamant about Bernanke's role, that he had been on the Fed board for quite some time, and should not have been surprised. Indeed, as I have noted previously, Alan Greenspan also noted that he was aware there was a collapse in progress, but thought it would be spread out enough that it wouldn't be a financial disaster, and was wrong. The basic concept that regulation wasn't needed seems to be the cause of the economic disaster. That basic concept is the foundation of the GoP as an institution, thinking that the economy will be best for all of us if it is unfettered. And that is wrong.
Without supervision, the administration committed war crimes, and destroyed our economy. It will not be easy to get out of these huge problems. We will have to re-establish the rule of law that these wingers think ought to be done away with, and return our country to health.
It's time to be scared, not of the cure but of the disease.
I want to stomp on a lot of 'Obama scares me' messages, and just had to point out to an old friend that Jesse Jackson Jr.'s being on a committee doesn't mean that Obama is a racist radical, it means the same thing that Geraldine Ferrarro's being on one of Hillary's committees means. That is a constituency that is being brought into a position of support. It is not commitment to race wars. I am disappointed to hear over and over that people I would rather respect want to reject some one because he's from the other side of their tracks.
Who can listen to McCain and then listen to Obama, and declare 'Obama scares me'? A hideous war, destruction of our economy, an end to the rule of law, and trashing the constitution, this isn't scary? The right wing has done more destructive damage to this country than anything that ever happened before, and I hear people saying 'Obama scares me'? I have brown shirts for all of you scared types. If the past seven+ years of tearing this country into pieces didn't frighten you, you have nothing to complain about. You are avoiding basic truths.
Phil Gramm - who created the Enron offshoring of its investments to avoid oversight - is McCain's economic advisor - now that is really scary. Judgment is shown by seeing that horrible damages have been done and repairing the damage, avoiding the repetition of it. McCain shows just the opposite.
*****************************************************************
For instance:
**************************************************************
Your economy has been turned into a shambles. Now, that's scary.
Listening to the authors of WaPo's article on the 'sub-prime bust' - which is a large scale scam - I noted that they were adamant about Bernanke's role, that he had been on the Fed board for quite some time, and should not have been surprised. Indeed, as I have noted previously, Alan Greenspan also noted that he was aware there was a collapse in progress, but thought it would be spread out enough that it wouldn't be a financial disaster, and was wrong. The basic concept that regulation wasn't needed seems to be the cause of the economic disaster. That basic concept is the foundation of the GoP as an institution, thinking that the economy will be best for all of us if it is unfettered. And that is wrong.
The housing boom had powered the U.S. economy for five years. Now, in early 2006, signs of weakness within the subprime industry were harder to ignore. People with less-than-stellar credit who had bought homes with adjustable-rate mortgages saw sharp spikes in their monthly payments as their low initial teaser rates expired. As a result, more lost their homes; data showed that 70 percent more people faced foreclosure in 2005 than the year before. Housing developers who had raced to build with subprime borrowers in mind now had fewer takers, leaving tens of thousands of homes unsold.
(snip)
As his team analyzed the individual loan files, Zimmer said he was struck by evidence of fraud, such as doctored bank statements. "Fraudulent loans were a big part of the subprime mess," he said. Mortgage brokers forged borrowers' signatures and pumped up their income, he said. People seeking to buy and sell a home for a quick profit lied that they were going to live in the home -- qualifying for a lower interest rate. But People's Choice calculated that it would have been too complicated and expensive to go after fraud, Zimmer said.
Even as People's Choice sought to preserve its business, the housing climate continued to deteriorate. Many borrowers were defaulting so quickly that the company did not have time to pool those mortgages and sell them off as securities.
(snip)
"The subprime market, for all its warts, is a promising development, permitting low-income and minority borrowers to participate in credit markets." But, he [Gramlich] added, "a majority of loans are made with very little supervision."
Without supervision, the administration committed war crimes, and destroyed our economy. It will not be easy to get out of these huge problems. We will have to re-establish the rule of law that these wingers think ought to be done away with, and return our country to health.
It's time to be scared, not of the cure but of the disease.
Labels: Credit Crunch, Election 2008, Republican Lying
posted by Ruth at 9:00 AM
2 Comments:
But isn't that all the Republicans have left? Fear is their only weapon, and they are playing it for all it's worth.
I think that your approach is excellent. If you're so determined to be afraid, be afraid of what the Republicans have done to the Constitution, to America's standing in the world, to the Supreme Court, to our economy, to the world's climate. God knows there's plenty to be afraid of, and appalled by, in that list (and I know I'm leaving some important stuff out).
But to be afraid of Barack Obama because he's black, or because he's a Democrat, or for whatever other reasons they're desperately trying to dredge up, that's just infantile.
Elaine covered the same WaPo article. Her take is always colorful, and worth reading.
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