The Economy Mess

It is no surprise that we are where we are today, thanks to the republican's ideology of "free enterprise", "government should keep its hands off private life".
It sounds good, but it is an open highway to rip off. During the last eight years in power, the republicans opened the highway to rip off to the widest. They deregulated all the laws that were written in the past to protect consumers and the financial disaster that we have today. There used to have laws that allowed banks to operate only regionally. There used to have laws that separated commercial banks and investment banks. The republicans with a majority in the congress during the last ten years or so abolished all those laws. That is the reason we have today's financial crisis. They also abolished all food inspections, anti-pollution inspection. They said that they let companies doing it on the "voluntary basis". During the last eight years, the US had more E coli outbreaks than ever before. The question is: We have police walking down the streets to stop the small guys from ripping each other, why we do not have police to stop the big guys from ripping off the small guys?
The republican’s philosophy is very wrong for a country, not just for the US, but any country in the world. God forbid, other countries should think carefully before adopting their way of executing capitalism.
The core theory of the republican philosophy bases on the trickle down economy theory. You start to build up from the top; the wealth will trickle down to the bottom. In the 50' there was a saying: "What's good for GM is good for the country!" As the theory goes, if you cut tax for the top, they will use the money to invest, thus jobs are created, and thus income is created. Unfortunately, the tax cuts only stay at the top and nowhere else. The rich use the tax cut money to buy stocks, the companies that get money from the investors use them to buy stocks as well, instead of expanding production and hiring more employees. The companies only want to produce up to a certain amount. When production meets the diminishing return point, they stop producing in order to keep the price at most profitable to them. As a reason, investing money will not necessary always result in more jobs.
I am all for capitalism, but the government has to have a role to keep it running properly. The republican’s philosophy is just all wrong and unacceptable. They create an environment to enrich themselves and squeeze the people below. It's like we are going back to the Medieval Europe again. Few have the privilege to live high in the castles and the rest dig potatoes underneath.
I can respect somebody's different approach for the good of the country, but the way of the republican today is just all about exploitation to the point that it is so immoral and criminal. That's what I cannot accept, and that's why I despise the republicans with passion.
Logically, I don't see how McCain can win this election. He run a lousy campaign, his knowledge of issues is limited or none, especially the ones about the economy. McCain’s running mate, Palin, must not be very smart, because McCain's campaign organization has been trying to hide her from the press as much as possible. They are afraid of her saying something stupid in public. As a matter of fact, she really did say stupid things every time she had to speak none scripted. McCain is a gambler. He gambles for his politic. Nobody in the right mind would pick Paline for running mate, adding to the fact that there were more qualified candidates. However, McCain desperately needed to fire up his base, so he gambled and picked Paline. The decision to try to cancel the presidential debate is nothing less than another political gamble. Do we want a president who has a habit of gambling for his politic? The only way that Obama could loose is the race factor. Racism is still running deep in this country. I found it hard to understand logically that some people could not relate to a guy who grew up in poverty, and yet it is easy for them to relate to a millionaire who owns 7 houses, 13 cars, and walks around in a $500 pair of shoes!
First 9/11 and now this economic crisis, both happened under republican’s clock. Both incidents happened because they had ignored all the warning signs, and they said they would be best to protect us. The terrorists could not do a better job to destroy this country than these republicans. 9/11 did not bring down our economy, neither did it brought our nation’s debt to 10 trillions of dollars. Bush, Chenney, the White House Staffs and those republican senators who sponsor the deregulations should all be locked up at the Guantanamo Bay prison and be treated as terrorists.
You all talked about the mortgage crisis, but you never talked about the fact that the republican government created it by encouraging house sales by any mean. It did not add up when two three years ago, the housing market was booming when unemployment number was high. Bush needed two set of numbers to tell the American people that the economy was strong and sound: The housing sales and the stock market. The tax cut for the rich took care of the stock market, and the house sales could be increased by easing the lending law.
McCain has a habit of changing his stand on the issue on a day to day basis; it depends on who he talked to. Nevertheless, he is a Republican; he will do whatever the republicans wanted him to do. A duck will always walk like a duck and quack like a duck.God helps this country if McCain or any other republican is in power.