Reaction to the Failure of Congressional Approval for the Bailout
US citizens should wake up and realize how fragile our economy is right now. This bail out is much bigger than just supporting the “fat cats”. If we let the banking system freeze up, we will all feel the grip of a global Depression. We will become Japan or revert back to the US in 1929 all over again.So much for “country first”. “Politics first and country second” is more like it. However, it also shows that Bush’s plea to get this done was meaningless. Bush isn’t a “lame duck” president. He’s a “dead duck” president.Finally, what does all this mean for November 4th ? I think this fiasco just handed Obama-Biden the White House. The country is so disgusted with the Bush Administration that McCain cannot and will not be able to adequately distance himself from his party. McCain, you are guilty by association. Try as you might, you can’t erase that “R” from your forehead. You will lose the election. And by the way…Obama, you are screwed. After winning the White House you are inheriting a bankrupt, ‘recessioned’ country that has serious domestic and international problems which have no quick fix.
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