Time magazine this week focused on the Bailout of Wall Street. It starts with a quote from a reader letter, “Bear Stearns, Freddie Mac, AIG… It’s as if a corporate crime wave has swept cross our nation.” from Jeff Morris of Saugerties, New York, then the editors add, “Dazed and Confused A common theme in the flood of mail that Time received on our Wall Street cover story: anger at the US government for not acting sooner.
To which I respond, what did people expect? They only have themselves to blame… they elected Bush; not once, but twice. Did they think that a Republican administration would be all about making sure that they were protected? Sure, people want low taxes, but don’t they realize that you can’t give tax cuts to those that can best afford to pay taxes, and not have everything else go to hell.
Maybe this review of how they’ve been treated for the last eight years will give them some insight into how it might make sense to vote for the Democrats:
Trust us!. We’ll end gridlock in Washington. We have surpluses as far as the eye can see. We’ll find the weapons of mass destruction; we’ll be welcomed as liberators; the insurgency is in its last throes. We don’t torture. Nobody thought the levees would break; FEMA is doing a heckuva job; we’ll do what it takes to rebuild. The economy is fundamentally strong, and more tax cuts will make it stronger. And we can save Social Security by letting you invest your benefits in the market.
How they failed us, by Michael Grunwald, Time, 13 Oct 2008, Pg. 43