Why are we in this mess with Freddie Mac and Fannie Mae? Deregulation by the Republicans and pushed by Bush!

Given the impending bailout and takeover of Freddie Mac and Fannie Mae, I thought it was appropriate to repost something about President Bush and bankruptcy. Remember it was John McCain's current economic advisor, former Sen. Phil Gramm, who pushed the deregulation bill in the middle of the night when the Republicans were in charge in Congress and there was a threat of shutting own the government unless the bill was passed.

I wrote this first in 2007 and then again in Jan. 2008.

A year has passed since I wrote a post on President Bush that seems to best fit the day today, given the stock market crashes around the world. However, Bush has taken his experience with personal bankruptcy to a whole new level. He now has figured out how to bankrupt the entire world. Here is what I wrote one year ago on January 13th, 2007:

“The only thing this President seems to have learned from his past is how to create bankruptcy conditions.

1) He bankrupt his Oil company. From the lessons learned he started in his Presidency to create the same for the Nation by the following:

2) His is bankrupting our Country with debt

3) He has bankrupt our Military - both equipment wise and manpower strength

4) He has bankrupt our Freedoms with such actions as eavesdropping on phone conversations of any American without FISA Court approval, signing statements which defy laws he has signed into law and other Unconstitutional acts.

5) He has bankrupt our Trust in oversight with a Republican led Congress that turned their head away at his choices, while they held their noses from the stench.

6) He has bankrupt our Trust in a fair Judicial system, by appointing Justices that will approve of his antics and rewrite history as far as settled law.

7) He has bankrupt the Vision for millions of people around the world who thought of the USA as a place of Hope and replaced that Vision as a country of arrogance and spite for our friends as well as our enemies.

8) He has bankrupt the use of Diplomacy, as no country believes him nor trusts him anymore. We are mostly alone in the world now. Colin Powell's speech will go down in history as how the US distorted truth for the self interest of a few of its leaders; the President and the Vice President.

9) He has bankrupt our willingness to be eager for the words of our President, when he gives a speech or an address, to the Nation. We are weary of his lies and twisted truth to us.

10) He has bankrupt and shattered the idea of our President being a Statesman because of his intellect and pursuit of noble causes to help the poor of the world and in stopping wars and promoting peace in the world.

Today, January 22, 2008, I add this. He has now started the biggest stock market crash in world history in his quest to bankrupt every living thing and government.

Well, unfortunately, I was right. Have you seen the latest stock market numbers? Wait till the full effects of the bailout of Freddie Mac and Fannie Mae over the months of September and October.

Need I go on about Bush? Shame, shame, shame Mr. President. We should have had the courage as a country for a “Tough Love” intervention called IMPEACHMENT, but no one had the courage. Still want to vote for Republicans this time? I think not!