A PLAN FOR PEACE IN THE MIDDLE EAST
Why I will no longer be a Republican When the disreputable Bill Clinton left office the new Republican Neo-Con administration of George Bush started with a huge surplus in the treasury. The first thing they did was to give that money away to their rich friends. They then encouraged and allowed the banking and investment industry to give loans for homes to under qualified borrowers. Then they encouraged and allowed housing prices to rise to unsustainable levels leading to a housing bubble. When housing prices began to go lower some borrowers could not pay, then the bankers raised the interest rate on adjustable mortgages and more people could not make their payments. The banking and investment industry was losing money so the Bush/Neo-Cons and the other politicians cried that the industry was “to big to be allowed to fail” so the government gave them billions of dollars: this happened in the last days of the Republican presidency. When the Democrat party took over in 2009 the voters where told that the economy was in turmoil so they authorized trillions of borrowed dollars to be spent. That money is available however it is not yet being spent. The government and the banking and investment industry are sitting on the cash, banks just as in the 1930s depression are refusing to give loans and the economy suffers: businesses are failing and workers are losing jobs. The banking and investment industry that was bailed out with taxpayer borrowed dollars then had a miraculous recovery and used that taxpayer cash to give their executives bonuses. The banking and investment industry gave every cent of the taxpayers money to the very executives that had created the crisis in the first place. Everyone at the top of the banking and investment industry are Republicans; they have looted the taxpayers like the pirates that they truly are. The Republican party is the party of people that are making good money and do not want to give up any of it as taxes. The Nation has certain needs and that money has to come from somewhere. The Republicans are right when they say that a lot of government money is spent foolishly and the Democrats are correct when they say that the Republicans are heartless and do not care about the poor.
I will never again support or vote for a Republican but I need to say that I am not a fan of the Democrats. The Democrats passed legislation in the 1960s and 1970s that destroyed my chance at a good life.