The number one reason was because Bush and his cabal are incompetent. I was right.

Dow Drops Below 8,000 on Latest Economic Data - NYTimes.com

Shares on Wall Street closed at their lowest levels in five years on Wednesday as hope dimmed in Washington for an emergency bailout of the auto industry.

The late-day sell-off came in frenzy amid growing fears of deflation.

The Dow Jones settled below 8,000 for the first time since 2003, dropping 427.47 points or 5 percent to 7,990. The broader Standard & Poor’s 500-stock index was 6.1 percent lower. The technology-heavy Nasdaq composite index was down 6.5 percent.

Every report that I have read says the same thing. The bailout was done improperly. Instead of bolstering the credit market banks used the bailout money to acquire equity in other financial institutions. CEOs used the money for lavish vacations and bonuses. Whatever, the money was wasted. Typical Bush modus operandi....

The best is that Bush and the Congress threw 700 billion at the financial institutions like monkeys flinging poo in the zoo at terrorist but the 29 billion dollar bridge LOANS to the auto industry they balk at. What high farce...

__________________
I'm Proud I never Voted For Bush!



PAT PAULSEN FOR PRESIDENT

U.S. home construction at record low - Mortgage Mess- msnbc.com

WASHINGTON - Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived.

And that's after 350 billion of bailout was spent...can it get any better than this?

__________________
I'm Proud I never Voted For Bush!



PAT PAULSEN FOR PRESIDENT

ATTA BOY BUSH!

__________________
I'm Proud I never Voted For Bush!



PAT PAULSEN FOR PRESIDENT

How is this Bush's fault? We've been living well beyond our means for a long time, this is a necessary contraction of the market. There isn't a way to make it better.

__________________
"Bring me that horizon".

You have not heard? Everything that ever has gone wrong since bush has taken office has been directly his fault, as will everything that happens during the next administration.

__________________
May your paradise always be green, you liberties always be full, and may the ignorance of you enemies not drive you to be pro-nuke.

"We contend that for a nation to try to tax itself
into prosperity is like a man standing in a bucket and
trying to lift himself up by the handle."-Winston Churchill

It's the deregulators' fault. They're the ones mostly responsible for this mess. People will apparently live outside their means if they can, no matter how stupid it is. We need to prevent that from happening so the economy doesn't go down the crapper every ten or twenty years.

__________________
"Moreover, I am cognizant of the interrelatedness of all communities and states...Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly. Never again can we afford to live with the narrow, provincial "outside agitator" idea. Anyone who lives inside the United States can never be considered an outsider anywhere within its bounds."



~Dr. Martin Luther King, Jr.

We need to do that......why? People only learn when there are consequences for their actions.

__________________
"Bring me that horizon".

Hahahahahahahaha....you have not heard? Even though Obama hasn't even taken office the republicans are blaming him for the economic problems... Obama Recession Blogs, Pictures, and more on WordPress

__________________
I'm Proud I never Voted For Bush!



PAT PAULSEN FOR PRESIDENT

Apparently people don't learn even then.

__________________
"Moreover, I am cognizant of the interrelatedness of all communities and states...Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly. Never again can we afford to live with the narrow, provincial "outside agitator" idea. Anyone who lives inside the United States can never be considered an outsider anywhere within its bounds."



~Dr. Martin Luther King, Jr.

No one believes that, we all know that it was Nixon's fault...who could blame Bush for his "ownership society" or unregulated lassie fare capitalism?

BTW: In your mind, just what is Bush's fault? Nothing?

__________________
I'm Proud I never Voted For Bush!



PAT PAULSEN FOR PRESIDENT