This could add Billions even a trillion dollars to the deficit and what does it say about the full faith and credit of the United States? It just about confirms it is bankrupt. The sad part is there is no court to seek protection from our creditors (the Saudi Royal Family and the Chinese). They will be handed what’s left of our nation or we will see gas at $24.00 a gallon and a loaf of bread at $9 . It’s called devaluation and hyperinflation
4 more years of these kinds of policies, or lack their of, will leave us using our Military to secure our borders to prevent the world sheriff from coming to serve an eviction notice because we can’t pay the bill.
We are truly at a cross roads here in America not only are we squeezed by the energy shortfalls and overseas dependence but our lack of ability to have the capitol with in our country to continue to build opportunity and the infrastructure allowing us to work our way out of this economic Grand Canyon. For those that think Prince MAC will be the savior please think again, what we will be faced with is the belief that runs the Republican Party that the haves will survive and to bad for the have-nots. Let me also burst your bubble, unless you’re in a position of being one of the already 1-5% of the top wage earners in our country then you’re just one of the have-nots as far as they are concerned.
The test will be are you better off today then you were 8 years ago? Do you earn more today then you did? Does that increase surpass the Cost of Living increases? Has your net wealth grown every year by 3-8% over the last 8 years? If you answer is YES with out reservation then you’re in the top 1-5% you should love Prince MAC/ The Tool Palin. If you’re in doubt, then guess what, you likely will not be able to out run the red tidal wave looming and if you were honest and answered no to one or both well you’re one of us and you better be able to swim for a really long time.
Liquidity or in our case the lack of it, here in the United States will bring our economy to its knees faster then any natural disaster. Our country and our system of capitalism as almost everyone should now know needs the resources to continue to grow and change in order to remain healthy and able to pay it’s bills. With out that capital to reinvest none of this is possible. The credit crunch and lack of cash in the banks to loan, threaten to bring our economic engine to a screeching halt. No this is not Al Qaeda, it’s not Communism, its not a plague, nor is it the apocalypse althought for some it may seem like it, what it is the lack of setting policies over the last 8 years that would have protected the basic foundation of our Country. Thank you George Bush.
We are long past the time for rhetoric from the same old sources, it is time for a new direction, don’t be fooled by John MaCain, he is not the agent of change, he is the angel of death who ultimately will continue the same lack of vision and lack of implementation of policies that have a hope of righting this ship. His votes time and time again in the Senate have been to support this pathway. His comments todate have been that the “foundation is sound”. His choice of Sara Palin is clear proof that he is beholding to the same forces that have supported George Bush and were responsible for choseing his running mate Queen Cheney, They are also the same forces that have dictated to the administration to avoid implementing an energy policy and have left us at the mercy of the world oil producers and commodity speculators. Where do you think this change then will come from?
Barack Obama can bring about a new direction which is not just about hope but will place new priorities on rebuilding opportunity in our economy by investing in the infrastructure for new industry and new products, more importantly new markets, to sell our goods and services and replenish our liquidity to continue to grow and improve our country. He will do this with the resources left in the top 1-5% of our country and force those resources into stabilizing our foundation. The big picture is the decisions and policies of the last 8 years have brought us to this point 4 more years under the same machine will only carry us further down this path. The Hope is turning off the path and taking a new direction and that is Barrack Obama.
Freddia Mac and Fannie Mae are far more then just a surface problem they are a major part of our foundation and they are cracking and the entire structure is weakening November can’t come fast enough.