This is the fourth in a series of email comments I received from regular readers regarding my political postings. I'm sharing them completely out of the order I received them at this point and I still won't be sharing the emails with what (in my opinion) constitutes hate language.
Let me say before I go further that I'm not suggesting people vote one way or another. I am fascinated by what people are sending me, though, as it's an indication of how people are thinking. The more that is sent to me that does lean one way or another, the number of people sending material, etc., does reveal a great deal about what and how people are thinking.
That's what I'm sharing here; other people's thoughts, not my own.
Let's start with some of the artwork I received...
This one was entitled "Next Season on Dancing with the Stars!" Also, I was offered the following note and interesting read:
Heard this mentioned on R. Limbaugh. Don't think Rush knew who he was. I did.
BTW, OSC says he's a Democrat. Nice compact piece, I thought.http://www.ldsmag.com/ideas/081017light.html
This came in with no title.
And one correspondent sent me a whole slew of images all pointing one way.
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During a Presidential Campaign, some will use any smidgen of info to further divisiveness and partisan views. The http://www.ldsmag.com/ideas/081017light.html piece is one such attempt.
While agreeing that the press and other media have been lax and often derelict in bringing pertinent information to their audiences, often skewing facts, misinforming, and guilty of omissions, the author of this peice puts too much emphasis by far on the sub prime mortgage fiasco. To offer Limbaugh as a believable source for anything is high comedy, if it wasn't so disastrous.
Sub prime and predatory lending practices occurred under the watch of Alan Greenspan, a de-regulator, who advised both Dems and Repubs. His guidance led to much of the current problems and was repeated by reporters whose only job was to report. No one in the media, academia, or the various houses contradicted the Fed chair or looked at the consequences of the advice.
With Repubs in a majority in both houses in the late nineties, no de-regulation legislation could pass without Greenspan's advise and their complicity. To offer 3 prominent dems as scapegoats while omitting to mention the part played by Repubs, shows a double standard at best, if not hypocrisy. It's typical for those in charge to blame the victims who were criminally scammed into situations not of their making. A large part of de-regulation is the removal of oversight with its necessary policing, essential investigations, arrests, charges and suits, and remedies to protect the innocent. Where was the oversight during 2000 to 2006 with a Repub. trifecta? MIA? AWOL?
The sub-prime fiasco is thought to amount to about 3 trillion dollars US.
While that figure is mountainous by any standard, it pales in comparison to losses and exposures in the derivatives market now thought to amount to 531 TRILLION. That figure comes close to surpassing the value of the entire global economy and therein lies the core problem which the pseudo Dem. author of the piece, has yet to consider.
The basis for this comeuppance can be traced back to US attitudes during negotiations at Bretton Woods, the untying of currency from the gold standard, an obstinate refusal to learn from history in 1873, 1929; Reagan's charismatic displays of idiocy, trade deals such as NAFTA, WTO, and the exploitation of the poor and ignorant by the World Bank and the IMF.
As socialization comes to the rescue of the greedy and those who refuse to do their homework, the chances are that intransigants will continue to support "The American Way" as the empire spirals downward to crash and burn. The days of privatizing the profits and socializing the losses are over, to be replaced by socialize all, including the profits. That tactic is the only way to get out of this hole and follow the first rule of holes*.
*Rule #1: Stop digging!
Cal.
Posted by: Caljud | October 27, 2008 8:09 AM | Permalink to Comment