I've been following the bailout and economy news, and it's the perfect illustration of the Prodigal Era under George Bush.
Privatize the profit, socialize the risk.There's no way around the fact that the bailouts are a supreme injustice and perversion of the core principles of both the Republican and Democratic parties. The money "earned" by the CEOs of Lehman Brothers, Fannie Mae, Freddie Mac, AIG, Bear Stearns, and Merrill Lynch -- in the run-up to the bailouts -- should be confiscated. Since it's the US taxpayer that made and guaranteed their money, we should take it back.
George W. Bush is the unchallenged Worst President Ever. Our government has crept toward both socialism and fascism at the same time. Unbelievable, all around.
The financial derivatives market had absolutely no regulation. The national debt stands at $11 trillion. John McCain is suddenly pro-regulation.
It's all outrageous. In the long-term, though, the weakening of our economy may hasten the end of the United States policing the entire globe as an empire. China and Russia are chuckling at this.