Motley Moose – Archive

Since 2008 – Progress Through Politics

It’s the Economy AGAIN, Stupid!

Diary rescue

(Proudly cross-posted at C4O)

If we’re to believe the bullsh-t coming out of George Bush’s and John McCain’s mouths, “the fundamentals of our economy are strong”. Yes, believe it or not, they’re still in full denial on what they’ve done to ruin our economy.

John McCain tells us that “change is coming”… But is it the kind of change we need?

I don’t think so. After all, he and his economic team are proposing to “solve” this crisis by implementing the same failed economic royalist policies that deregulated us into this mess in the first place. Because he stood by and quietly approved as his friend Phil Gramm moved to dismantle the Glass-Steagall Act that used to regulate the financial sector, we couldn’t prevent the kind of disaster we’re seeing unfold today. And because he once again stood by and approved as the Bushie-run SEC lowered the capital reserve requirements for major brokerage houses, these institutional investment houses (like Bear Stearns, Merrill Lynch, and Lehman Brothers) made these extremely risky investments in subprime mortgages, counted them as actual “assets”, and ultimately collapsed as their once “profitable assets” went bust.

And what does John McCain want to do to solve this mess? Oh yeah, that’s right. He thinks some vague hocus-pocus magic “reform” can solve everything! Unfortunately for us, his “reform” won’t help us survive these hard times.

I’m sorry, but that isn’t the change we need. If we want to see real change happen, we need new leadership. Oh yes, and how about new and better ideas as well.

Barack Obama understands what we need to do to solve this financial crisis, and he has the right ideas to do so. We need to restore reasonable regulations on the financial sector. We need to provide immediate, real relief to the working class people who are losing their homes to foreclosure, not just to the big Wall Street Titans that are losing their shirts from their risky investments. Ultimately, we need to enact a second stimulus package that will help stabilize and strengthen the economy by providing that aid to the homeowners hardest-hit by the housing crisis, as well as extending and expanding unemployment insurance for people who’ve lost their jobs. That sounds more like the real change we need.

We have a real choice to make. Our nation is facing hard times, and we need new leadership to get our country out of the mess George W. Bush & his GOP cabal got us into. Do we allow John McCain to give us four more years of the same ol’ sh-t… Just branded differently? Or do we choose real change?

Our economy needs to be fixed… Why don’t we actually elect leaders who want to fix it!


  1. Give the republican spin machine some credit. It is QUICK, and they’re already out of the gate with the take on Meltdown Monday. But will anyone actually buy this brand of change?

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