Friday, September 19, 2008

It's so hard for me to blog.

If I did what I wanted to do I would blog about politics every single day. And, well, that would be totally boring to most everyone. So, feel free to ignore and come back and visit soon. Because I am sure that once I get a political post out of my system, I'll be able to think about more light-hearted topics like: "What is that smell in my van?" or "How dirty can a 14-month-old possible get?" or "Fall Sports Update AKA why my car has so many miles". But for now...

1. The current economic crisis wasn't caused by republicans or democrats. It was caused by greed. It started with Mr. and/or Mrs. Citizen wanting a house they knew deep down they couldn't really afford, but hey! Mr. and/or Ms. Mortgage Lender was more than happy to figure out some sort of risky mortgage scheme to get them into the house they wanted. These risky mortgages that shouldn't have been issues in the first place were then bought and sold on the market spreading the love everywhere. And, to people who are saying this was all caused by Bush deregulation...the law that deregulated and allowed companies to be brokerage houses and banks and insurance companies all at the same time was passed in 1999. Hmmm....I wonder who was president then?

2. Obama's two biggest economic advisors are right smack dab in the middle of the crisis. One of them was a former head and Freddie and Fannie and one was a former head at Lehman Brothers. Wow. They did such a bang-up job with their previous posts, I can only imagine what they will do with our country if they are allowed to advise a president. Don't worry about them, though. Even though their entity went bankrupt or was bought out by the taxpayers, they walked away with millions.

3. John McCain has not flip-flopped. On deregulation: He's not suddenly for more regulation. He's for the current regulations to be enforced. Which is why he called for the SEC chair's resignation. That was supposed to be his job. On AIG: I don't think anyone, fundamentally, is for taxpayers bailing out corporations. Especially during a time when AIG was still trying to raise its own capital, it would have been irresponsible to say "Don't worry...we'll bail you out!" In the end, it was the only choice that could be made. It was the lesser of two evils. On the fundamentals being strong: You remember the old Chicken Little story. "The sky is falling! The sky is falling! I must go tell the king!" Can you imagine if the king was also running around telling all of our allies (and our enemies) that our sky was falling. Why that might be dangerous! And it most certainly wouldn't put those that invest in our economy at ease! And, yet, that is exactly what Obama has been doing.

4. In all reality, what with record foreclosures, record unemployment, record high gas prices, record high debt, etc, etc, Obama should be winning in a landslide. But, he just can't seem to get it right. Which reminds me that a few weeks ago, he was talling people that he had executive experience because he was running this huge campaign. Um...with all due respect, not very well.

4 comments:

tripdad said...

Amen & Amen.

Why is my wife so brilliant? The government should take some of her brilliance and redistribute it to those less fortunate.

Mindy Richmond said...

I love it when you talk politics! I hope this is not the last time...

AmyinMotown said...

Except for the fact you are a) wrong about Obama (if he runs his campaign so poorly how exactly did he manage to beat an incredibly popular opponent in the primary--and if "executive expericne" is so blessed important where's McCain's? Don;t underestimate the evil genius of Karl Rove, who is now going around saying it'ssexist to questin Palnin's credentials AT ALL. Karl, it's called an election and that is sort of what We The People are SUPPOSED TO BE DOING,for ALL the candidates) and wrong about Sarah Palin (excuse me, but if being mayor of a town of 7,000 and governor of a small state for less than two years gives you enough "executive experience" or expericne in,well, anything to run the country then I am calling the New York Times tomorrow and insisting they hire me for the managing edior job --I mean that's been my job title TWICE, I totally should have enough experince, right?)--other than that, I agree with you about the mortgage crisis. Too many people were given loans they had no business having, and even people like us who qualified for a 30-year fixed (and we were DINKs at the time) were told we were qualified for more than was remotely a good idea. Our entire economy is unsustainable, and it's not all the fault of the Democrats or the Republicans. If only I'd paid attention in Econ 101, but no,it was during Tanning Time!)

tripmom827 said...

Yes...but do you remember that Econ 101 prof. The man cared, Amy. The man cared.