misolarman

Recent Policy Decisions and a Greater Depression

It was congress and their pie in the sky dreams of 'every American deserves a home of their own' that started this mess. This was compounded by Barney Frank and Chris Dodd (head of the Senate and House banking committees) that stuck their head in the sand as dollars were filling their pockets from the banking industry. This is indisputable, look at where their campaign contributions came from! It was Bush who tried twelve times to get these committees off their butts and do something. Barney Frank less than a year ago was blasting the republican stating, "Fannie Mae and Freddie Mac are financially sound." Youtube it and see for your self! The situation we are in was very forseeable. I had read several books on it three years ago. Just like the coming hyperinflationary storm that is coming is forseeable. No country in the history of man, has ever been able to spend their way into prosperity. Every one has eventually had to devalue their currency after hyperinflation.
People like me will do very well in the coming times, because we know what is happening. What is going to be very interesting is seeing how the democrates will convince the American 'Sheeple' that it is Bush's fault, like they have everything else that has been their fault.


On Feb 20 07:36 AM VennData wrote:

> The same people that roll out this sort of stuff were the same folks
> who tried to shout people down thoughtful disagreements with the
> former President "during a time of war."
>
> Realize that Bush polices got us into this mess. The opposite policies
> will get us out. We have a surfeit of capacity and a paucity of demand.
> Do the math.