In writing this column, I do not know how Wall Street will react today. Most likely those who work on it, have investments, significant others and we the American people are waiting with abject terror. This week when almost 1,000 points have been lost on the DOW, it was met with terror. Those who lost their jobs are most likely shell-shocked. It was an event similar to the crash that hit this country back in 1929.
You would have thought that President George W. Bush would have come on television to calm both a nervous and frightened America, but again, he failed all of us. When the attacks of September 11th, 2001 occurred we as Americans waited for hours to hear from him. Absent his presence, we found out who we truly are as we came together helping one another. That is the only positive thing to have come from that day. These past few volatile days on Wall Street have terrorized many and greed became the ultimate terrorist who struck at our financial freedoms. Greed brought us to our knees far more effectively than the terrorists who attacked us on that day ever did. As Hurricane Katrina set her sights on New Orleans, again, Bush was absent from those who needed their president as they too were being terrorized.
No, Senator Gramm, we are NOT “a nation of whiners”, but a proud people demanding of our leaders accountability. Absent that accountability we as Americans have every right to voice our concerns. Gramm must have forgotten this part of the Declaration of Independence which reads as follows, “That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,” It is the governed who are speaking out as our framers demanded of us.
Absent President Bush, and while I may sound partisan here, the only one who has sounded presidential is Senator Barack Obama. It is evident in this two-minute feed where Barack Obama speaks to the nation concerning this crisis. To all who read my piece, in service to our country, please circulate it.
I feel that he at least connected with me when he said, "Paychecks are flat and home values are falling. It’s hard to pay for gas and groceries and if you put it on a credit card they’ve probably raised your rates. You’re paying more than ever for health insurance that covers less and less. This isn’t just a string of bad luck." These are all of the issues that the Republicans have been running from. In fact Senator John McCain’s campaign manager, Rick Davis said this campaign “is not about the issues” Well, let us answer him back by saying, oh yes it is.
In this video you will witness, Congressman Eric Cantor a Republican try and run from the fact that he is one and where MSNBC’s Chris Matthews holds his feet to the fire.
Matthews berated Cantor by saying, "The way we keep score in American politics is the party that’s in power for eight years and runs the White House — and 3/4 of the time runs the Congress and the White House — takes the heat when things go bad." No truer words could have been said by any on-air journalist. The Republicans MUST take the heat for this come November. They MUST also take the heat for lying us into a war in Iraq which has taken the lives of so many and is partially responsible for the financial mess we find ourselves in today. As the late president, Harry S. Truman once said, “The buck stops here”
Sarah Palin had this to say of the AIG bailout by this government to the tune of $85 billion dollars, "it's understandable but very, very disappointing that taxpayers are called upon for another one," No, Palin, you are using the wrong word. Americans are angry and rightfully so. Try selling that line to those who lost their jobs on Monday and those who will as this crisis ripples out. Go back to telling your lies since we have had a belly full. Go back to Alaska, Governor Palin!
Speaking of lies, CNN did a pretty good job at debunking those lies as you will see in this feed.
When John McCain had this to add of the AIG bailout, "We must not bail out the management and speculators who created this mess." Excuse me, senator, you were part of this problem all along and did nothing. Oh please go back to the senate and help a President Obama solve the mess you helped create. You have spoken of service to our country and that would be serving our country helping the citizens of it find their way out of this darkness.
Even, if the stock market somehow rebounds our Federal Reserve has taken a hit under this Republican administration. We have borrowed so much money from China to finance this war in Iraq. As it pertains to the current financial crisis, Peter Cohan stated on CNN's Lou Dobb's show yesterday, "They own $350 billion worth of our government debt. In effect, we work for them now. We used our money to bail them out. Now we're beginning to look more and more like China used to be and they're beginning to look more and more like we're supposed to be."
Robert Scott of the Economic Policy Institute had this to say, "What we're doing is creating a few jobs on Wall Street and bailing out financiers, giving them enough money to buy retirement homes on Long Island, where as China invests its money very carefully and generates millions of jobs in its manufacturing sector."
As some in this country rail against socialism, this is what Bill Tucker a CNN correspondent had to say on Dobb’s program, “One economist with New York University's Stern School of Business calls this wave of nationalization "socialism for the rich, the well connected and Wall Street" with taxpayers picking up the bill.” And what do we get out of this besides empty wallets, lost jobs and lost homes? Nothing! Meanwhile other countries that have socialistic governments will at least give their citizens free health care, free education and where they do feed the poor.
To close out this piece, the late President, Franklin D. Roosevelt had this to say of Pearl Harbor, it would be “a date which will live in infamy” During these past eight years as well as what transpired this past week a Republican administration attacked our financial freedoms leaving us as all less secure. Leaving us to beg and at the mercy of nations such as China. We have become the world’s largest debtor nation and that I find intolerable. This must be answered back in November. And yes to sound partisan, we must elect Senators Barack Obama and Joe Biden to the highest offices in this land. The Republicans must be made to pay for what they have done to all of us.
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