Tuesday, February 17, 2009

Stimulus is a disaster

Our Democratic Party leadership has basically sold us out to the banks. They have stood by while the banks have looted the Treasury (borrowed money) and the Federal Reserve (printed money). By some estimates the cost of bank bailouts has already been enough to have paid off every mortgage in America. And after all this, the banks are still not solvent!

Now they have compromised too much and we have a half-hearted stimulus which will mostly build more roads and help buy more cars, resulting in more oil wars. When this bad stimulus combined with the bank throwaway fails to stop massive pain, the Democrats will get the blame.

The sad news is, as bad as our party is, the other is much, much worse. They are basically aligned with the super-rich, who love the cheap labor and cheap assets that a recession provides them.

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