Abandoned by policies of Bush administration
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Ronald M. Kelly
Published: April 3, 2008
Like the rest of us in the American middle and working classes, James Simpson, unfortunately, finds himself (figuratively speaking) in the Emergency Room awaiting treatment after having been beaten, robbed, stripped, humiliated, violated and abandoned by the “conservative” policies of the Bush administration during the past seven years. But, strangely, unlike many of us, he does not seem to be bothered by the fact that his assailants are still at large, out on the streets, and are still victimizing even more of his fellow citizens.
On the contrary, Mr. Simpson seems more worried that a new sheriff-in-town (A liberal? A Democrat?) may actually put a stop to these activities or even bring some of these thugs to justice. He seems more worried that the doctors and nurses (health care reformers) may actually do something to alleviate his suffering. In his understandably delusional state (considering what has happened to him),
James Simpson is impressed by a French voodoo economist, Frederic Bastiat, who thinks that “bad” economists restrict themselves to visible effects while “good” economist consider the unseen.
It’s a very interesting idea, whatever it means. But I kind of wish, given the high cost of so many of the “visible” problems that beset us (gas prices, the weakened dollar, the housing bubble, the financial meltdown, the $10 trillion debt, the quagmire in Iraq, etc.), that some of the “bad” economists out there might have helped us avoid these disastrous laissez-faire, guns-n-butter, borrow-n-spend policies. I do agree that there is a heath care crisis, that something must be done and that another huge, government entitlement program is not a good idea.
But we have to use our brains, not our knee-jerk attitudes, to find a solution, though it may upset a lot of entrenched interests. We should not be too hard on Mr. Simpson, though, considering that he, too, has been traumatized by years of ill-use and abuse at the hands of some very bad people.
RONALD M. KELLY
Manassas
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Posted by ( barnun ) on April 07, 2008 at 1:27 pm
I wasn’t aware that the president set the regulations and guidelines for the mortgage companies to follow. Thanks for setting that straight ?? sub prime mortages predate the Bush administration. the current sitting president at any given time is not always responsible for every bad thing that happens. Congress actually controls most of the domestic issues.
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Posted by ( jVA ) on April 04, 2008 at 7:11 pm
The current mortgage crisis is DIRECTLY related to the Bush administration’s policies of lax regulation and oversight of corporations. Corporations, banks, and lenders have been running wild for eight years.
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Posted by ( barnun ) on April 04, 2008 at 1:51 pm
I’m in the bubble and have no one to blame but myself. I dont see where the white house administration is to blame for the mortgage papers I signed.
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Posted by ( edwinking ) on April 04, 2008 at 12:11 pm
For barnun…Those caught in the bubble will receive much comfort from people with your attitude.
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Posted by ( barnun ) on April 04, 2008 at 8:52 am
I’m curious about Mr Kelly’s opinion of governement in general and how it works. Our government, congress (republicans and democrats), helped to create a strong economy. the current housing crisis is a result of bad lending practices. A “knee-jerk” attitude would be someone now in trouble looking for someone to blame and someone to bail them out. If people hadn’t signed on to so many bad mortgages, the bubble wouldn’t have gotten so big. Gas prices are also not fully controlled by our government. We have the “green” crowd that stop us from drilling in anwar and have pushed for ethanol production. Ethanol contributes to our current economy crisis vs helping with any relief. Bush did sign the biggest energy package since the time of the oil embargo with incentives for Nuclear, solar, and wind as well as general household improvements such as window upgrades and insulation. Bush did try to get the american people to sign on to “personal savings accounts” to head off the long time coming social security disaster. Yes, if our government would just take full control of our lives and make all of our decisions for us, we’d all be much better off. I would like to see an effective resolution for Iraq and I do feel bad for all those caught in the bursting bubble.
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