Les take another look. The current economic debacle began at the collapse of the housing market due to the failures of Fannie Mae and Freddie Mac, which Bush and Republican senators ,as early as 2001, warned were going to cause economic problems. Bawny Fwank refused to do anything regarding the problem and said that everything would be OK. Banks continued to give sub-prime loans to unqualified buyers out of fear of being sued and accused of racial discrimination. Banks bundled the loans and passed them on to various insurers, ala musical chairs. until the whole system collapsed.< The House of Representatives changed hands in 2006 due to disgust over excessive spending on the part of Republicans ,accused of outrageous deficit spending, averaging in the range of 300 billion or so which included spending after 9/11, new government agencies, two wars and Katrina. The new House, lead by nun-other than Ms. Nancy, began to spend even more. The House is where all spending begins. Bush had previously asked for a line item veto but it was denied because the courts determined that the Congress has a right to authorize spending, which Bush respected. Now we have deficits in the trillions each year because the Senate refuses to adopt a budget and negotiate a balance with the House. The only Democratic solution is to tax the *rich* at Clinton levels which won't come even close to narrowing the current deficits levels and will guarantee fewer jobs, compounding the economic collapse. We don't have a revenue problem, we have a spending problem. Buying votes with more government give aways, to stay in power, is compounding the problem. Once taxes are raised on the *rich* and it becomes apparent that that doesn't solve the problem, then taxing the middle class at even higher rates will be the next solution offered. Enjoy whatever you have right now because you're about to lose it.
________________________________ From: Michael Jackson <mjackso...@yahoo.com> To: "FairfieldLife@yahoogroups.com" <FairfieldLife@yahoogroups.com> Sent: Tuesday, November 13, 2012 5:52 AM Subject: Re: [FairfieldLife] Re: America, as defined by the founders-is lost! Les see - the economic (including the housing debacle) began on G W Bush's watch - gazillions of dollars also wasted by Dick Cheney funneling all the no bid contracts for the so-called rebuilding of Afghanistan and Iraq to his Haliburton friends - so which recent history would that be? Abe Lincoln's time? Teddy Roosevelt? ________________________________ From: masterjose4u <no_re...@yahoogroups.com> To: FairfieldLife@yahoogroups.com Sent: Monday, November 12, 2012 8:43 PM Subject: [FairfieldLife] Re: America, as defined by the founders-is lost! BTW, the *white folk*, as you say, has been responsible for the best economy in recent history. --- In mailto:FairfieldLife%40yahoogroups.com, Michael Jackson <mjackson74@...> wrote: > > Well given the fact that white folks have taken us to where we are today, maybe the Mexicans, Asians and Black folk will actually take us to a better place > > > > > ________________________________ > From: masterjose4u <mailto:no_reply%40yahoogroups.com> > To: mailto:FairfieldLife%40yahoogroups.com > Sent: Monday, November 12, 2012 7:28 PM > Subject: [FairfieldLife] America, as defined by the founders-is lost! > > > Â > Mexicans, Asians and Blacks will determine the future of America! If you like mediocrity, the democrat party is the one for you. But, > > http://www.youtube.com/watch?v=qAl8MtdocR4 >
