THere's many reason that created this mess. Top of the list is the money squandered daily in Iraq...money borrowed from the Chinese and others that have trippled our defecit and weakening the dollar. The less your money's worth the more it takes to buy things. Then there's the "supply side" shitpile of this regime that put the foxes in charge of the regulatory henhouse as billions vanished through corruption and pork barrel along with wild corporate spending and borrowing that put many large corporations either in debt or on the verge of it. Lastly, there's the bankruptcy bill of '05...that all but let the banks pillage not just home buyers but anyone with credit. Instead of being able to file bankruptcy...keep their homes and rebuild their lives/credit, the greed of the banks ensured all the defaults and now threatens the real "big shitpile"...the large consumer debt people have run up on cards. This economy is falling apart thanks to greed and mismanagement. Any questions?
Can't you hear their stock portfolios screaming? All that suffering as thousands are lost and the manchild must look after those who control him. Such a pity that all those profits earned during this ugly invasion have all been wiped out. As usual, the Repugnican answer to all problems is to "cut taxes"...and then they're the first to bitch how the country is falling apart. Hypocritical scumbags!
I'm a believer that the market won't bottom out til around 10 grand...maybe lower, while big shitpile requires booooshie to bail out his big banking buddies that will further the defecits that will weaken the already broken dollar that will drive prices higher and continue to keep people both out of the market and keeping their money in their pockets. But the "good news"...if there is such a thing here...is this issue is firmly attached around the GOOP and their "supply side" economics now replaces "Tax and Spend" as the destruction of the economy.
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