Yet I notice that subprime mortgages are still legal. Odd, isn't it ?

Sorry to hear you're against free markets.

And how would you know?? Oh…that's the inspiration for your blog entries…

Rev: "Are you guys out of your minds? We are experiencing economic malaise because deregulation hitched to the wagon of New & Improved Wall Street Casino Games and low interest rates…..crashed the whole darn system."

BS! It is not deregulation. This is a just a liberal mantra…something said while parking the brain. It was a perfect storm of housing stupidity, accounting regulation changes and poor risk mitigation.

Rev: "As a result of those casino games crashing and burning, American automakers quickly got hurt. Their burnout plus a collapsed housing market….and now we're losing 600,000 jobs every freakin month."

BS!! The American automakers were dying anyway under enormous legacy costs and piss poor products. They could not compete with the Japanese on efficiency and reliability. They could not compete with the Germans on performance and prestige. The Koreans were eating them alive in the low end sector. What was left? Rental car fleets. An economic downturn was the last straw, but they were struggling with market share BEFORE the downturn.

Rev: "This conservative free market orgy was supervised by the Bush administration, most of it while Republicans controlled Congress. Democrats, Clinton, shoulder some of the blame….the policies, for the most part, however, are pure GOP."

Both parties suck. Free markets have ups and downs. This is the time that real wealth is created, not the up times. If you can't handle ups and downs, move to a place that has constant 10% unemployment and constant 2% economic growth. France is calling.

Rev: "And now….Obama is spending money to soften the crash, to help some people out, and you're complaining, whining really….that it's the end of the world."

Rev – let me clarify something for you. WE HAVE NO MONEY!!! BO is not "spending" it, he is putting some on a credit card and printing more to cover the rest of the bill. All his policies are going to prolong the downturn and create inflation. Our "complaining" is due criticism. Stop telling us your girl parts hurt!

Rev: "And..how about the late 60's?….how about the early 70's? The GOP boys ran things when Whip Inflation Now (WIN) buttons were all the rage. A Republican president, Nixon, froze wages and prices for a time…..so spare me the conservative horsepucky."

Again – BOTH parties suck.

FBO!

Are you guys out of your minds? We are experiencing economic malaise because deregulation hitched to the wagon of New & Improved Wall Street Casino Games and low interest rates…..crashed the whole darn system.

As a result of those casino games crashing and burning, American automakers quickly got hurt. Their burnout plus a collapsed housing market….and now we're losing 600,000 jobs every freakin month.

This conservative free market orgy was supervised by the Bush administration, most of it while Republicans controlled Congress. Democrats, Clinton, shoulder some of the blame….the policies, for the most part, however, are pure GOP.

And now….Obama is spending money to soften the crash, to help some people out, and you're complaining, whining really….that it's the end of the world.

And..how about the late 60's?….how about the early 70's? The GOP boys ran things when Whip Inflation Now (WIN) buttons were all the rage. A Republican president, Nixon, froze wages and prices for a time…..so spare me the conservative horsepucky.

larry, that's GOOD.

If there's a profit being made anywhere in the country, the Dems will go after it, because it's E-V-I-L.

That's a tiny bit illogical, don't you think ? (And by "tiny bit," I mean "extremely.")

And Rev, why did you only go back 28 years to complain about, to 1981, when Reagan took office ? Looks like someone conveniently forgot the disaster of the Carter years, which Reagan brought us out of. Nice attempt at spin, though.

If Obama's a centrist, heaven help us if a liberal ever gets elected.

What's missing from King's post is what the last twenty-eight years of helping the Big Guys has left us with.

Yes, Democrats often fail in helping the little guy. Republicans don't even know that little guys exist.

Obama is one of these centrists. So are all the Democratic leaders who are pale examples of "liberals" only noticeable by the extremity of the Republicans. It is why money is thrown at the finance sector, while attempts at saving the auto industry are watered down to be too little, too late. It is why singlepayer healthcare advocates are ejected from Congress. It is why healthcare "reform" will be limited to a subsidy of the insurance industry, which already adds 25% to healthcare costs. It is why we will continue on the "free" trade path, despite its ruinous consequences. It is also why the financial sector will not be taxed to pay for the mess they created.

None of these things will happen as long as our campaign finance system stands.