It's the economy st.....

DragNet's picture

Years of deregulating everything by the Republicans are finally paying off. Regulators (?) dormant at the switch didn't see it coming, the demise of Wall Street as we know it with dire consequences soon coming to your stock investments and your pension funds. You can start kissing goodbye to retirement as the debacle eats up your 401(K)s and IRAs.

First Bear & Stearns, then the Indy Mac Bank followed by Fannie mae and Freddie mac, Lehman Bros and Merril Lynch over the weekend and today, AIG, the biggest insurance conglomerate in the world.
We, taxpayers, are now in charge of bailing out AIG with $85 BILLION DOLLARS.

I'll bet you anything that more is to come. Next in the list of going under corporations are the Detroit automakers (another bail out from us the taxpayers?), Wachovia, JP Morgan, and a couple of airlines.

So, we, our sons and our grandsons are now stuck with paying literally TRILLIONS OF DOLLARS to bail out all these companies and pay for the excesses of the worst Administration in U.S. history. Not to mention the BILLIONS we're borrowing from China to pay for Saudi oil, plus all those sovereign funds buying our signature corporations (Budweiser is no longer our bud).

In light of the upcoming economic nightmare, do we really want to trust the Republicans (McSame and Palin -who?) with our future? The only ones smiling at the future are Dick Cheney and his Halliburton buddies.

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Submitted by Nitpickers on Thu, 09/18/2008 - 10:46am.

I can't disagree with one sentence above!

We were told that the Bush guys had no gravitas nor vision before they were elected, but greed took over!!!!!

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