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Maya Angelou For Hillary Clinton
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To
01/05/2008 09:20:04
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Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01313233
Message ID:
01314445
Views:
10
True. The economy went sour near the end of both their Presidencies.

>The only thing I don't understand in this is how Bush is responsible for the housing burst but Clinton was not responsible for the dotcom debaucle? Hmmmmmm....
>
>I guess it depends on who you ask :o)
>
>
>>>I have seen recent stories about the economy overtaking Iraq as people's #1 concern. Not surprising when a gallon of gas and a loaf of bread both cost $4, or when a basic commodity like rice is rationed. Home values down almost everywhere. (I saw a map in the paper this morning showing Charlotte as the only metro area where home prices have risen in the past year). The dollar in the tank. Financial institutions reeling. Yeah, people are worried about the economy. Of course they are.
>>
>>The GOP are hoist by their own petard. The technology has surpassed them. The bubble was supposed to burst when they leave office rich, and leave all the hot potatoes to the next preznit to handle, when they've already set the laws so that it won't matter - the tax breaks will be forever, the surveillance will be ubiquitous, the...
>>
>>Except the technology of squeezing every last dime out of everybody else and then hoping to move on to the next victim worked too well, and was copied across the board - so everybody got a piece of the action. The money lenders got their outrageous profits, the real estate resellers got theirs, hedge funds got theirs, dozens of companies were driven into debt by their new owners who just took the loans out on them but didn't mean to repay them - and BTW fired pretty much everybody who worked in them... everybody who could, made huge profits, and they saw economy and economy was good. Thriving. Except from shoulder down to the ground.
>>
>>So about 18 months before end of term, boom - the housing bubble burst. Which, combined with outsourcing of everything, turning cash into bad loans (aka equity loans), stricter bankruptcy laws, improved health insurance techniques (probably as bad as it sounds)... got the whole movie into this reverse Mexican standoff where everybody's pointing their empty guns at everyone else.
>>
>>Tough luck guys, you were so successful, the patient is good. As good as dead.
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