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In Reply to: Obama has just whacked McCain in the back of the head with a baseball bat. posted by jaiva on October 5, 2008 at 20:19:32:
PAINTING: Man pulling his Beard (Rasputin)
jaiva,
McCain has repeatedly referred to himself as a devotee of Saint Reagan, who, it should be pointed out, deregulated the Savings and Loans business. The result was enough bad loans to cause the failure of insured S&Ls that eventually vacuumed up $650 Billion of taxpayer's money, now $1.1 Trillion with interest.
Doesn't anyone remember this caused the Bush Sr. recession of '89-'91 when housing prices dropped 20% (they arranged the value drop equal to average equity) and foreclosures and bankruptcies reached unprecedented levels?
Obama was pummeled hourly for weeks with guilt by association of religious worship, while McCain's and Republican worship of Reagan and his disastrous economic policies- with a substantial national penalty- for decades go unmentioned. This, despite the eerie similarity to causes of the impending Bush Jr. Depression.
For the first time in 30 years, the October Surprise will be from the Democratic side.
Cheers,
Bambi B
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Follow Ups
- Another little matter of -$1.1 Trillion Obama should be mentioning - Bambi B 10/6/0808:25:15 10/6/08 (1)
- RE: Another little matter of -$1.1 Trillion Obama should be mentioning - JamesV 09:45:36 10/6/08 (0)