Again I say though, I am in no way pointing fingers. There is plenty of blame to go through out Washington. As far as Clinton wanting to boast about his superiority over Bush, He inherited a strong economy and was at least smart enough to leave it alone and let it play itself out. I’ll give him that.

Right now my vote in November is going with Chuck Baldwin of the Constitutional Party. This depending how close the polls are then. If I have to I’ll vote for McCain only for the reason of keeping Obama out. If for no other reason we cannot afford even 4 years of his tax and healthcare policies.

America has to wake up and smell the roses. We have the perfect opportunity to completely blow out Congress this year. I support this cause seriously. we also need to start getting on our State Legislatures to start legislation to repeal the 17th Ammendment so we can get the checks and balances system back in Washington and move on to take the Country back from the burocrats that have taken over.

Will have to check out your Fair Tax article. There are a few things I’ve heard about the Fair Tax I like.

And by the way, I am not as smart in all this as you may think. I just do a lot of reading and research before I open my mouth. People just need to know the truth.

I’m no where near knowledgeable enough to debate Glass-Steagall with you. I never even heard of it until today (although I did look it up to make sure you weren’t just making things up). From what I have read, it certainly looks like you’re not alone on your opinion. It has been interesting research that has kept me up past 4 in the morning.

I certainly do agree that Clinton may very well be one of the catalyst for this. It’s ironic that he really wants to boost about how superior he was to Bush in economics. But there is also another name that pops up as the true catalyst of this. Unless I’m mistaken, it was Phil Gramm who got this whole ball going. Phil Gramm is of course linked at the hip with John McCain, and even helped write his economic policies.

So, I’m curious as to where this puts your vote this election? Do you side with the Democrats, or go with McCain, who will likely appoint Phil Gram to a cabinet level position to help control the U.S. economy?

I would also love to get your opinion on the FairTax post I wrote a while back. Please check it out if you get the chance.

http://www.filthylucre.com/fairtax

Laws, originally evolving out of the New Deal legislation were written in response to the great depression. Those laws once protected the American financial system. Starting in the 1990’s, in response to intense lobbying efforts by the financial industry, those laws were stripped away. The most important one was Glass Steagall which separated commercial banking from the type of investment work of a stockbroker. Glass Steagall was signed out of existence in 1999 by President Clinton and less than 10 years later the entire financial system is bankrupt. Another law, known as The Uptick rule, prevented companies from crashing due to large scale shorting of company stock. A company’s stock could not be sold short as long as it was in continuous decline. Short sellers had to wait for an uptick in the stock before shorting. The Uptick Rule ended in 2007 just about one year ago.

The end of the laws protecting the American public from unscrupulous speculators disguised as bankers caused changes in the way our banks do business. The banks decided that simple banking, that is loaning money at interest, was not profitable enough so they began investing in risk paper. This changed them from banks into something akin to casinos. Now that the gamble has finally failed these new casinos are asking the American taxpayer to pick up the tab for their greed and excess.

Now, with that said. Am I in any way releasing the Republicans from theit responsibility in this? NO! They controlled the House and Senate from 2000 until 2004. Not one time during that period did they lift one finger to undo a single bill that was passed during the Clinton Administration.

Wrapping up the sub-prime mortgages into securities, then passing them through the market was something we should not have allowed to happen. Of course when these mortgages start to go bad, no one wants to buy them, and the whole thing falls down like the shaky house of cards it was.

Last I checked, deregulation is a Republican specialty. And now the only ones sticking to their free market ideals are true Republicans like Ron Paul.

That’s my point, but I would really like to see how yo up pin this on Democrats.