Quote:
Originally Posted by chelsea24
My husband is bouncing off the walls here! And I'm scared to death that McCain will be voted in carrying over the policies of Bush for another 4 years! Not to mention, his admitted lack of knowledge of the economy. 
If people that fear change would only understand that with a Democratic Congress and Senate and a Democratic President, things at least have a chance of improving. My personal feeling is that (not over night) our economy will greatly improve. Otherwise, with McCain, the veto's will flow. And we'll be worse off than we are today.
People you'd better start listening to your pocketbooks and wallets, instead of voting for someone you could have a beer with. Guess what you wouldn't be able to afford a beer!
Wake up! |
In the 1980s and 1990s, more than 1,000 savings and loan institutions failed, leading to a federal bailout totaling roughly $125 billion.
The last Democrat to be president came to Mexico's aid in 1995 when the peso flopped. The international bailout involved countries and banks lending Mexico $50 billion. The US share was $25 billion of American taxpayer money.
Also during the last Democratic administration (1998) the hedge fund Long-Term Capital Management croaked and prompted the Federal Reserve to help arrange a $3.6 billion private bailout.
In the end, these things happen despite which administration is in "power." Blaming or crediting either the Democrats or Republicans for any of it is incorrect. Neither party tells us where to invest our money or with whom or for what reason. That's an action for which we can't accuse any of them.