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[rayzentz AT aim.com]

I would be willing to accept your conclusion, if you change it to, 
"Republicans, the party that helped Democrats finish wrecking America".

Ray


-----Original Message-----
From: Don Bowen <don.bowen AT earthlink.net>
To: homestead AT lists.ibiblio.org
Sent: Fri, 10 Oct 2008 12:50 pm
Subject: Re: [Homestead] Dow could close below 8000



I do not blame the Republicans for the current economic mess but they
contributed mightily to it with the free market mantra, deregulation, 
and
lax supervision.  Throw in an ill advised war on the national credit 
card
and you have a Republican lead disaster.

Removal of Glass Segal rests squarely on the Republicans.  Free markets 
do
not work for much more than selling drugs on street corners.  Greed 
trumps
everything and if not checked will run wild as it has done.

Remember the tax cut sales pitch?  We cut taxes on the wealthy and they 
will
reinvest in your future, a rising tide floats all boats, etc.  I can
remember arguing at the time that it would not work.  The wealthy would 
look
for safe investments above all else and they did.  Where has production 
gone
over the last eight years?  China, India.  All those dollars flowing to
China have increased the competition for oil and are another reason for 
the
price increases.

The current administration has done all it can to reduce regulation.  
They
have convinced people whos typical Government interaction is the DMV 
that
they need to reduce all regulation.  Let the free market take care of 
it.
They reduced and sharp manipulators using computer programs no one 
really
understands built up a financial system to manipulate the free market 
that
is now falling down.

When they could not legislate reduced regulations, they hired people in
various agencies that did their best to reduce oversight or hired
incompetents, remember "Heckofa job Brownie?"

The war on a credit card is the worst in our history.  Other wars were
fought on credit but people were often asked to cut back.  In the end 
the
interest payments from the Iraq debacle along could bankrupt us.

Throw in the Republican corruption of people like Cunningham and 
Stevens,
throw in the K street Project, Patriot act, Torture of prisoners, 
domestic
wire taping, the Department of Homeland Security and you have.....

Republicans, the party that wrecked America.

Don Bowen  KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html

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