Who Caused The Financial Meltdown? How Bush Is Involved!

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As you probably know, if exposed to any news at all in the past two months, the Federal Government is bailing out the financial industry to the tune of $700 billion (or more…much more). With respect to the banks, their plan is to buy up bad debt with the hope of resolving the financial crisis and perhaps some day recovering that money.

No government estimate has ever come in on time and on budget, so don’t bet your life on that $700 billion being enough.  In fact, Citibank already demonstrates that unexpected emergencies loom around every corner.

Now everyone is looking for a bailout.  Home owners want a bailout.  Cities want a bailout.  Auto manufacturers want a bailout.  The fact is, we want a bailout too.  Don’t you?  Fair is fair.  If you give a dollar to Agnes you have to give it to John.  You cannot reason why John is in trouble versus Agnes?  Right?

Actually, wrong.  It really has nothing to do with whether Agnes or John deserve to be in trouble or not.  It is like justifying a war, it is whether bailing them out, as seen by government, is in the public interest.

We will likely spend trillions of dollars bailing out businesses, banks and some individuals.  The initial $700 billion just won’t be enough.  And to put that $700 billion in perspective…with that same amount of money, we could have followed Boone Pickens plan and erected enough wind power facilities to generate 20% of the US energy needs with wind power!!! Instead, we are buying BAD MORTGAGES!! Think about that. Instead of burning coal and oil, we could use wind for 20% of our energy, but we are buying bad debt instead!

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But as is so often the case, we tend to think of the bullet as the root cause of the problem.  We forget that a bullet gets fired from a gun, and the smoking gun is key to our understanding of the problem, the determination of the true source.  There is a clear explanation of why this problem occurred.  For more on the true source of the problem, click here for Part 2.

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8 Responses to "Who Caused The Financial Meltdown? How Bush Is Involved!"

  1. GeorgiePorgie   November 29, 2008 at 10:09 am

    George Bush was the key culprit in destroying our economy and America. Speak out against him!

    Reply
  2. Harry Houdini   November 29, 2008 at 11:14 am

    Don’t stop telling the world. George Bush is the cause of everything and terrorism against the US should stop with him.

    Reply
  3. Jibreel Riley   December 2, 2008 at 8:35 pm

    call me when Barney Frank gets indited

    Reply
  4. cashstrapped   December 3, 2008 at 8:04 am

    Originally Posted By Jibreel Rileycall me when Barney Frank gets indited

    Politicians rarely get punished criminally for their blunders. In Barney’s case, his involvement with underage boys and a male prostitution ring didn’t even manage to put him in prison.

    Barney is an American disgrace that keeps getting re-elected in a blindly Democratic one party state.

    Reply
  5. John Wells   December 7, 2008 at 10:24 am

    It’s true, Barney Frank has been using MIND CONTROL to command the Treasury Department, the SEC, and all other federal and state level bank control boards and oversight authorities to do his evil bidding! You don’t actually believe George Bush allowed the deregulation of our financial system do you?

    Reply
  6. floridamom   December 14, 2008 at 11:31 am

    bush and cheney sold us out…..yep, ya betcha! January 20, 2009 – END OF AN ERROR

    Reply
  7. Razzer   December 15, 2008 at 4:44 pm

    Just a note about the Boone Picken’s Plan…what he wants is the water rights to some valuable land…has nothing to do with saving the earth…all about money baby…all about money!

    Reply
  8. Aisley   December 16, 2008 at 10:27 pm

    It is amazing that we could even imagine that the fault of everything is either Bush’s or Barnie Frank’s. It NEVER works like that. For a visible individual do do as much damage as we attribute to either one, he needs a very sophisticated group of people behind him that are benefiting of those doings. We blame Ahmadinejad and forget all those benefiting from his big mouth. We blame Khaddafi, but forget the cohorte of people benefiting from his evil doings. We blame Hitler (with all the reason for that), but then give a free pass to those who supported and benefited from his demonic doings; and I’m not talking about those that died either before or after Nuremberg.

    Reply

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