“During the administration of William Jefferson Clinton, the U.S. enjoyed more peace and economic well being than at any time in its history. He was the first Democratic president since Franklin D. Roosevelt to win a second term. He could point to the lowest unemployment rate in modern times, the lowest inflation in 30 years, the highest home ownership in the country’s history, dropping crime rates in many places, and reduced welfare rolls. He proposed the first balanced budget in decades and achieved a budget surplus. As part of a plan to celebrate the millennium in 2000, Clinton called for a great national initiative to end racial discrimination.” (whitehouse.gov)

Unfortunately, our current adminstration took that pause in the growth of our national debt and decided they would set records in the opposite direction and send our debt through the roof. How do they expect to pay for all of that? Through the taxes of middle class Americans–we already have proof that they will not raise corporate taxes or have the rich pay anywhere close to the same percentage the middle class does. The bailout and the war sit squarely upon the backs of middle America. Most recently, the humor from McCain is scary. He is against the bailout (that helps alleviate millions of again, middle class Americans, losing their retirement, college funds and insurance needs because of bad investments by the rich elite) because he feels that the American public should not be saddled with the debt, however, he never asked or listened to the American people when voting for the war in Iraq which has cost the public a nice shiny penny or two.

Also, in the timeline of the mortgage boom, the strategy of investing in the mortgage market began in the mid 1980’s (hmmmm, who was president then?–your GOP). This lucrative practice continued through the 1990’s, but it was the dotcom bubble that burst during the Clinton era–and that was not even close to what this mortgage crisis consumes. After the terrorist attacks, the Fed and W slashed rates and granted tax cuts to increase spending (remember the speech right after 9/11 about how America was open for business–yikes, can you give us a moment??). Subprime lending hit its peak and and investment companies as well as Freddie Mac and Fannie Mae were encouraged by the Bush administration to increase homeownership and invested significantly in subprime loan “pools” (Klein).

We all know the resulting crash of that mortgage bubble that started in 2003–well into the first 4 year term of W. Now, all of these people that were put into real estate stocks as part of their mutual funds by suggestion of their brokers, will be the ones paying the price. Between the upper middle class getting hit below the belt with the possibility of losing their retirement and the lower middle class losing their credit rating and their homes to foreclosure in this mess, who is left over? Looks like people like you that still have not had the blast of cold water hit you in the face. Stop trying to blame the administration that left office 8 years ago and wake up and smell the coffee. This is the current administration’s fault and McCain has stood alongside W over 96% of the time. He is no maverick–he is just anther veteran that wants to show his patriotism on his lapel and not by proving what is best for the citizens of this country, just the portion that make over $5 Million a year.

OBAMA FOR AMERICA

Klein, A., Goldfarb, Z. A., The Bubble, The Washington Post, Sunday, June 15, 2008, Page A01

Whitehouse.gov, retrieved 9/23/08 from http://www.whitehouse.gov/history/presidents/bc42.html

I’m done visiting here as I don’t want to support a left-leaning Blog that claims to be unbiased.

tips@deceiver.com

I’m done visiting here as I don’t want to support a left-leaning Blog that claims to be unbiased.

Maybe you should compare notes first with all the severely disgruntled readers who think we’re Republicans …

I’m done visiting here as I don’t want to support a left-leaning Blog that claims to be unbiased.

Sorry. Obama grew up at Harvard. McCain grew up in the Hanoi Hilton.

Though, considering Obama’s roots, I’m absolutely shocked that – ignoring platforms, etc., here for a second – that the Republican party will look at a man who started from much more humble beginnings to a success story. When did we start looking down at those few who succeed at the “American Dream?”