"riverman" wrote in message
...
On Oct 24, 2:07 pm, "Calif Bill" wrote:
We may be really bankrupt after 4 years of
Obama / Reid / Pelosi. And the mortgage meltdown has it's real genesis in
previous administrations and Mr. Greenspan.

LOL. In your effort to blame things on people have not yet come to
power, and who were in power 8 years ago, you seemed to have skipped
over some important current players.

And speaking of cutting government spending; after the record deficits
run up in the past 8 years, I can't imagine ANY sort of spend-fest
that could possibly be anything BUT a cut in spending. I laugh at the
folks who still believe that the Republicans really are opposed to
'big government'. We got the biggest in-your-pocket, in-your-telephone
and in-your-rights government ever, under Bush.

I hope you young flyfishers that are so backing Obama, make lots of money
to share with the poor and us retirees.

I do too, but I thought you conservative types were against social
welfare programs and 'spreading the wealth around'? Funny how it
changes when you're the one in the bottom 95%, eh?

But seriously...you stand a much better chance of having federal
assistance if this current mess does not resolve from a Democratic
administration than a Republican one. And all those corporate buddies
who got rich by luring you into investing in their ponzi pyramid
investment schemes get to foot the bill.

--riverman
__________________________________________________ ___

The President is not the one who tells the government to spend money. It is
the Congress. They are the ones who pass spending bills, and the POTUS gets
to veto them. Unfortunately Bush failed in that miserably. Some years
ago, the Executive Branch helped to overcome excess spending by the Congress
by just not spending the money. That is a thing of the past as the Congress
got a judicial ruling that if they got a spending bill passed the money HAD
TO BE SPENT. And it has been a Democrat controlled Congress for more than a
year. So the Dem's get the blame also. I am a social liberal and a fiscal
conservative. Used to be a Dem, still registered that way, but this Dem
party is way to far to the left for us older Dem's. Hell, JFK would be a
moderate Republican now. And this financial meltdown is not really because
of Bush's policies. These policies were laid down before he came to office.
I lay a lot of the blame on Greenspan. One of the worst Fed Chairs ever.
He gave us the dot.bomb boom. And the easy money after that disaster led to
the cheap loans of the next mortgage.bomb. Clinton was not fiscal
conservative. He was a very lucky guy. Gets a Newt Contract with America
Congress, that slowed down spending, and then got a huge growth in income
from the dot.bomb that they could not spend fast enough. Clinton's first 2
years were fiscal disasters also until Newt came in. The spreading of the
wealth is only raising the money owed by the future generations. The
Federal revenue has come in at 20-22% of GDP for at least 50 years. No
matter if boom times or tight times. Used to be the Fed's spent about
20-22% of GDP. They are going towards the 30-38% level. You have a
Department of Education that controls education in America. Since their
creation in about 1980, we have had education take a nose dive. Take money
from the states, and send 75% back with lots of strings attached. Lowest
graduation rates in history. Lowest graduation rate of any industrialized
nation. In 1950 the total tax burden on an American family was about 22%.
Now it is about 48%. Are we better off? I do not think so. The Fed's in
the 1950's created a huge boom in the Infrastructure with the Interstate
highway system. Our infrastructure is in perilous decline, and the Fed and
states are spending gross amounts of money, but not on the infrastructure.
With Obama's background and declared socialist leanings and the Reid /
Pelosi veto proof Congress, our children and grandchildren are screwed.
Screwed worse than they are now. When did Social Security morf from the
Widows and Childrens Act to be the national Retirement plan? For a country
with 300 million citizens, we sure have a knack for picking the bottom of
the heap as to leadership. I am on Social Security, but Boxer wants my
401K's and IRA's also. Of the 2 candidates, McCain scares me less. In
Obama, you have a person who has already stated he is going to increase the
cost and size of governenment. And I did not vote for either Bush or Kerry.
Just could not vote for either of them. Maybe I learned my lesson when
voting for LBJ. That got me a draft notice and the US a greatly increased
SEA war.