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Topic ClosedBailout (rescue) plan for the economy

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Poll Question: Do you support the bailout being voted by Congress?
Poll Choice Votes Poll Statistics
1 [4.17%]
3 [12.50%]
2 [8.33%]
1 [4.17%]
17 [70.83%]
This topic is closed, no new votes accepted

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Slartibartfast View Drop Down
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Honorary Collaborator / In Memoriam

Joined: April 29 2006
Location: Atlantais
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Points: 29620
Direct Link To This Post Posted: October 09 2008 at 20:38

GOPís latest ugly fable
 by Gene Lyons

 Link

 Excerpt;
Now come GOP apologists to identify the real perps of the Wall Street meltdown: Jimmy Carter, 
Bill Clinton, feckless black folks, Mexican Americans and U. S. Rep. Barney Frank, whoís evidently 
been covertly running Wall Street all this time.

See, while you fretted over Bush screwups in Iraq, Afghanistan and New Orleans, a sinister, dusky 
cabal built a speculative bubble in ghetto real estate. Overpriced luxury condos were constructed with 
borrowed money in fashionable Harlem, Watts and the south side of Chicago; also, downtown Atlanta, 
Newark, St. Louis, Detroit, Memphis and Philadelphia. In Monopoly terms, the entire U. S. economy 
drained into a black hole of defaulted loans on Baltic and Mediterranean.

So how come you havenít heard this before ? Maybe because you donít spend enough time watching 
FOX News or listening to GOP talk radio. In those precincts, the real cause of the national (and world ) 
financial debacle turns out to be an obscure 1977 law known as the Community Reinvestment Act, or CRA."


Edited by Slartibartfast - October 09 2008 at 20:46
Released date are often when it it impacted you but recorded dates are when it really happened...

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