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Originally Posted by Krazygrrl
Why is not more being made of the hard-left slant of these protesters. Their desire to force wealth re-distribution. Their demands to be leeches on the backs of people that work hard and earn their money. Sure, there are problems on Wall Street. But the problems with the economy are not on Wall Street, they are in the White House and the Congress. They are with NAFTA and all other, so-called "free trade" agreements with the third world that export American jobs. They are with the failed housing policies of DNC heavy-hitters, such as Franks and Teddy Kennedy, that demanded banks lend to people who should have NEVER gotten a loan.
The problems with the American economy rest squarely in Washington, and much of it with the failed policies of the DNC.
In 2007, even with the wars in Iraq and Afghanistan, we had a deficit spending of $160 Billion. That was bad enough. In 2011 it will be $1.4 TRILLION, nearly 10x as much. We also have not had a budget since 2009. Who is to blame? Barrack Hussein Obama and his Democrat friends - no one else.
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No bank was ever forced to make any loan they did not want to make. They made those stinker loans to gather hefty fees up front and then bundled the bad loans up, got AAA ratings and sold them to pension funds, teacher retirement funds, etc. The whole time they took out credit default swaps and bet against their own worthless paper.
You are right, this is the responsibility of the US government. Phil Gramm wrote two pieces of legislation that deregulated banks 100% and over turned Glass-Stiegel in the process. The Gramm-Leach-Bliley act and the Commodities futures modernization act. Bill Clinton signed both into law.
Obamas hands have been tied by a do nothing 60% super majority Senate. He has never had both houses because of the Senate filibuster rules that Republicans have used over 200 times to block legislation that came out of the House. A president is not a dictator. To get amnesia about what happened before 2008 seems to be a Republicans favorite past time.