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Bayside
by Gary E. Andrews - 10/19/26 10:48 PM
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Joined: May 2001
Posts: 7,412
Top 30 Poster
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Top 30 Poster
Joined: May 2001
Posts: 7,412 |
Back to the subject. Are you getting the change you expected from the Obama Adminstration? According to most if not all the polls the people are saying not. The unemployment rate under the Bush Adminstration was about 4.5 percent. Today it is about 9.6 percent. So what happened? The Democrats took back the Congress in 2006 and things got worse. Why?
Some are blaming the Housing Bubble. It has been discussed before here so there is no use in going thru it again.
Our current economic situation actually got it's start in the Roosevelt Adminstration and balloned from there. Bigger and bigger social Programs has led to a 13 trillion dollar debt.
People went to the Government complaining that they couldn't qualify for a housing loan. So the rules were modified so people could get a house loan. Some got loans where they only had to pay the interest and not the principal. After a time I suppose they had to pay that too. So what happened? The banks were right and those that couldn't qualify couldn't make the payments. So the housing meltdown. And of course it snowballed and high unemployment was the result.
Now Obama thinks we can spend ourselves out of this problem. There is only one problem. High unemployment and no money for these big programs.
The Party of No is the Party of No for a reason. And we now have about 13 million and growing reasons to prove it.
Obama doesn't want to extend the Bush Tax cuts for all.
There is an old saying. IF THE GOVERNMENT SCREWS BIG BUSINESS, BIG BUSINESS SCREWS LITTLE BUSINESS. Guess who litte business screws?
Ray E. Strode
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