Framing the Dialogue

Posts Tagged ‘financial crisis’

Wimpy Washington Economics

“Top Democrats and Republicans in Congress prepared new proposals to avert a government debt default and a potential global financial crisis.”

That’s the lead paragraph from a story in today’s paper.  What should scare you is when Democrats and Republicans agree on something the public generally gets screwed.  I believe that both sides realized that they set up this “battle” and now that the public is watching they are not sure how to get out from all of the rhetoric that they have been spreading.  What both sides agree on is that they both want desperately to get re-elected and regain power.  Even a little power is better than none and they are more than willing to squander our money, our children’s money, and our grandchildrens’ money to maintain their power.  Here are few facts as I see them:

Pweditowy Wending

Barney Frank (D-MA) may be the quintessential corrupt (allegedly) politician on Earth.  That’s saying something these day with the likes of Rangell, Waters, and Jefferson evading taxes, helping friends and hiding cash in the freezer.  Countless journalists have investigated and provided a significant amount of proof of Frank’s fingerprints all over the implosion of the housing market resulting in a global economic meltdown.  In his chutzpah he and equally sleazy Chris Dodd (D-CT) had the unmitigated gall to write financial regulations.  Even sicker was watching this bill pass and get signed into law.