Thanks, Washington
Tags: 2008 general election / Economy / Taxation
After more than $700 billion in taxpayer-subsidised bailouts for irresponsible corporations, and after our government has absorbed massive private debt into the already-enormous public debt, our American economy is still finding a way to blow itself up.
The Dow continues to fall by triple digits every day. Today, it closed at 8,579. One year ago today the Dow achieved a record high of 14,164. That’s right — in one year, the Dow has lost more than 5,500 points, or 39%. That’s a paper loss of $8.3 trillion.
We’re not just giving more (public) money to the folks that got us into this mess in the first place; we’re assuming their debts so that they don’t have to worry about them. I’m tired of this trickle-down BS. The Bush-McCain economic policy has resulted in eight years of economic decline. Let’s stop letting folksy, likeable characters like Bush, McCain, and Palin run the show, and hand the reins over to someone with a damn head on his shoulders.
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