Sep 25 2008
Save the Children- Bring on the Recession
Last night President Bush said we must pass these astronomical bailouts or this nation faces a “long and painful recession.”
Let the recession come. It is called consequence and accountability.
We as a nation either face the long and painful consequences now or pass them on to our children. I don’t know about you but I have busted my arse every day, working hard, paying my bills on time, to ensure a better future for them.
I have not worked this hard just to see my children, and their children and their children’s children burdened by and buried in the bad judgment exercised by those coming generations before them.
Let these companies fail.
Let these people lose their homes. They can rent.
Shut down Fannie and Freddie.
Revoke the CRA passed in ’77 that forced lenders to make loans they knew people could not afford.
Let these politicians lose their high salaried political careers, pay for their own cars, and eat at Subway.
The 95% of Americans that have done it right, that have worked every day, paid their bills, and lived within their means - they – we- will struggle through. We will struggle but we will survive.
Bring me my recession. Let it be painful. Let me bear the burden so my children and my children’s children will not have to. Because there is no pain greater than the loss of freedom and liberty, that this bailout ensures. That is a pain I shudder to think I leave for my posterity.
We share your feelings.
+1
It sounds like you’re ready to do the patriotic thing and pay taxes.
Wow. This may be the first time I’ve agreed with 95% of what you’ve written, Ginny. You’re coming along. You still need to recognize that nearly 35 years of Republican deregulation and the destruction of the Glass-Segall Act had more to do with this than CRA, but I expect you to find a way to pin this on Jimmy Carter no matter what. It’d be much, much easier for you to blame Clinton for signing GLB into law, but you’d be admitting that Phil Gramm was responsible, too, and I know it does your heart wrong to come to that conclusion, so we’ll let it slide, because even members of your own party are willing to recognize that as a fact. Probably because they don’t have to feed the pigeons every day on the EIB, or the New York Post, WaTimes, Fixed News, Weekly Standard, CNN, NBC, ABC, LA Times, the Trib, the Rocky Mountain News, WSJ, ah, I could go on, but I digress. Point being, no one, other than 3/4 of a bicameral legislature and BushCo want this. You really need to recognize that. It would help you appear more human.
When you bail out a ship you don’t use a pail with a hole in it. In this case the pail is the American taxpayer’s pocket.